My Merchant Account Blog
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Skimming
Tuesday, August 23, 2011
Running credit or debit cards through an electronic device (skimmer) to capture and store account information from cards' magnetic stripes. The data are then used to create counterfeit cards or fraudulent transactions. Often skimmers are placed surreptitiously over legitimate payment equipment, from which they lift the payment data from any subsequent transactions.
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My Merchant Account Blog Recent Entries
- Visa Chargeback Reason Code 75 - Transaction Not Recognized
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- PCI Compliance - A Review of Consumer Benefits
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