信用卡欺诈的识别和防范【外文翻译】.docVIP

外文翻译 Credit card fraud: awareness and prevention Material Source:Journal of financial crime Author: Katherine J. Barker, Jackie D’Amato and Paul Sheridon Antifraud measures: Credit and debit cards are rapidly replacing cash and check transactions for many businesses. According to a study sponsored by the American Bankers Association,between 2004 and 2006, 45 percent of US consumers reported using less cash (Smith,2007). With the change in ?nancial ?exibility and control, a new opportunity is presented for exploitation. This section describes what ?nancial institutions are doing in response to credit card fraud and unique card features common to MasterCard, Visa, and American Express, which are used to mitigate the risks of fraud. Financial institutions and merchants are also doing their part to protect their customers from fraud by educating them about safeguarding their identity. Educating consumers will aid toward prevention and could save consumers the hassles and burden of destroyed credit. Features unique to Visa include the following: the ?rst four digits of the account number are preprinted above the embossed number; the account number always begins with a 4 and contains 13 or 16 digits; micro-printing appears around the Visa logo; a large dove is visible under ultraviolet light. Features unique to MasterCard include: the account number always begins with a 5 and contains 16 digits; a unique security feature character “MC” appears next to the expiration date; the account number is indent-printed in reverse italics on the signature panel; a large “MC” is visible under ultraviolet light. American Express has a few features that are unique as well. Under ultraviolet light, the letters “AMEX” can be detected. The account number usually begins with 37 and contains 15 digits (ACFE,2007, p. 1.1027). Over the last two decades, efforts have been under way by ?nancial institutions and technology vendors to reduce the problems associated with cr