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There is no fraudulent transaction, or - probably saying it better - any transaction is not fraudulent until it is detected as such or reported as such. The wh
by jaclaz 7y ago
There is no fraudulent transaction, or - probably saying it better - any transaction is not fraudulent until it is detected as such or reported as such.
The whole point of the (rightful) "objection" I mentioned is that there are mechanisms of alarm that would be triggered by - say - a new (delinquent) account receiving one hundred 25 US$ (or Euros) transactions (and no other transaction) in a small amount of time and then, a few hours or days later the sum is transferred to another account and cashed or spent.
But if it is a couple transactions of 1,500 US$ each (or whatever sum that - while being substantial - is below a given triggering alert level) would the alarm be triggered?
Or will it be triggered only after - say - 2/3 of the credit is spent?
- rasz 7y agoYou have to be a merchant to receive any transactions.
- jaclaz 7y agoSure, as if fake merchant accounts are not possible: https://www.finextra.com/blogposting/14769/three-types-of-merchant-fraud-a-guide-for-merchant-acquirers https://www.finextra.com/blogposting/14769/three-types-of-me...
- rasz 7y agoIf you manage to get a merchant account (mule, homeless credentials) you dont need additional technologically advanced/complicated exploits involving getting physically close to people. You just open internet shop, list highend multimedia equipment(TV, consoles, laptops, phones) at 30% off prices and spam FB/coupon/deal sites.