Credit card fraud

The incidence of credit card fraud is on the rise. Credit card fraud may include theft or any kind of fraud that is committed with plastic money. This kind of fraud may be committed for obtaining unauthorized cash from someone else’s account or for obtaining products without the intention of paying for it. It can also be related to identity theft.

To overcome credit card fraud, the Emue Card has been introduced. The card generates as well as displays a code each time you use it. This will prevent fraudsters from misusing the card as you require a PIN to use the card. And the PIN is card specific.

Features of the Emue Card

The card has a feature in which you need an authentication that requires “Reciprocal Authentication”. It ensures that both the parties involved in the transaction are legitimate. It is a 12 button keypad and has a microprocessor and an embedded alphanumeric display. Both these features are integrated into payment card that is ISO-compliant.

The Emue Card derives its name from “End to End Mutual Authentication”. It has won many awards for its fraud preventing features. Credit card fraud has escalated over the years. Although chip and pin technology has managed to reduce the incidence of crime to a great extent, as far as mail order fraud, fraud over the phone and internet fraud is concerned, the number has escalated over the years. The fraudulent activities involving mail order fraud, telephone fraud and internet fraud is usually referred to as “card-not-present fraud” or CNP fraud.