ID Theft -- Courtesy of the FAA

"Taylor Hughes" wrote in message
...
Dennis Johnson wrote:

I'm also confused by this. If the thief paid by credit card at a
self-serve
pump, the FBO will get paid by the credit card company, no matter what.

Absolutely false. If you are a merchant and you accept a credit card that
proves to be fraudulent, sorry for you. The issuing bank will issue a
charge
back to your bank and you will have the charges reversed. Plus you will
pay a
significant charge back fee. If the situation happens automatically the
fees
can go up and you can lose your merchant account.

Depends on the card.


That is why it behooves merchant to diligently check those signatures and
hang
on to receipts with the signatures on them. If they accept credit cards
without
signatures (e.g. at a self-fueling pump) the risks are increased and the
benefits of increased legitimate sales need to offset those risks.

So which is it? Signed or swiped?

How about if they accept a fraudulently issued card?

Remember, the topic was (originally) a falsely obtained card, not a stolen
one (of course, the OP meandered back and forth so many times...).

Matt Barrow wrote:

"Taylor Hughes" wrote in message
...
Dennis Johnson wrote:

I'm also confused by this. If the thief paid by credit card at a
self-serve
pump, the FBO will get paid by the credit card company, no matter what.

Absolutely false. If you are a merchant and you accept a credit card that
proves to be fraudulent, sorry for you. The issuing bank will issue a
charge
back to your bank and you will have the charges reversed. Plus you will
pay a
significant charge back fee. If the situation happens automatically the
fees
can go up and you can lose your merchant account.

Depends on the card.

Not really.





That is why it behooves merchant to diligently check those signatures and
hang
on to receipts with the signatures on them. If they accept credit cards
without
signatures (e.g. at a self-fueling pump) the risks are increased and the
benefits of increased legitimate sales need to offset those risks.

So which is it? Signed or swiped?

Very rarely are cards accepted in person (e.g. not online/phone order) with a
signature that haven't been swiped. This is usually only permissible if the mag
strip can't be read for some reason. A few merchant cat. codes require swiping.



How about if they accept a fraudulently issued card?

The proof is in the pudding.



Remember, the topic was (originally) a falsely obtained card, not a stolen
one (of course, the OP meandered back and forth so many times...).

I read the whole thread and it wasn't clear to me that a card had been obtained
falsely.