Home     About Us    Contact Us     Contribute     Privacy
Investing
Stocks
Bonds
Mutual Funds
Biz
Credit
Career
College
Economics
Tax
More
 
 
Marketplace
Related Categories
Tip of the Day

Tip of the Day Make Your Home More Energy Efficient

Make Your Home More Energy Efficient - There are many ways to save money around your home. These can range anywhere from insulating your hot water tank to prevent...

read entire tip

Recently Added
Other Great Sites
 

Credit Card Number Verification

If a consumer is going to use a credit card for a transaction, especially by telephone or online, they must have credit card number verification. Having a credit card number verification is more than just having the right 16 digits of the major number; you must have additional information as well.

In past years, having credit card number verification was as simple as having the primary 16 numbers. With the increase in credit card and identity theft over the last decade, security measures taken by credit card companies have made the use of credit cards by those not authorized to use them have made using credit card number verification more important.

The defense mechanisms that are now included as part of credit card number verification make it very important to actually have the card on hand when making a transaction. When using a credit card in a situation where it cannot be seen by the seller, such as online, there are additional questions asked to the buyer to make sure that they are using credit card number verification. One of these questions has to do with a three-digit security number, found on the back of the card. Credit card companies now include these three-digit codes as part of credit card number verification and, if they are not put in by the supposed buyer, the sale will be rejected. With an American Express card, the security code is four digits long and can be found in the top right hand corner of the front of the card, not on the back.

Another part of making sure the buyer is using credit card number verification is the expiration date of the card. All transactions now require the expiration of date of the card to be included. If the expiration date is not included, the result is the same as a missing security code—the use of the card will not be permitted.

Trying to use a card without credit card number verification can result in criminal prosecution if it is indeed done illegally. In order to cut down on these crimes occurring, security measures on credit cards today are a great deal tougher than they were in the past.

Discuss It!
Most Popular Articles
Most Popular Definitions
 
Daily Definition

Definition of the Day Asset Allocation Fund

Asset allocation fund - An associate allocation fund is actually a single mutual fund trying to reach the goals of asset allocation. Asset allocation means that investments would be diversified in order to achieve maximum profits. This type of fund will require the investments...

read entire definition

 
 

 

 

Home     About Us    Contact Us     Contribute     Sitemap

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Copyright © 2009 TeenAnalyst.com