How does credit card fraud take place?

From http://debtconsolidation-ontario.ca/ – Credit cards are one of the most successful payment methods ever created. All your problems can be solved with a single swipe. They have made shopping extremely convenient as you can purchase anything you need without worrying about instant payments. They also help buy expensive items and allow you to pay later. At times, some credit cards also have discounts available, which further facilitates the buying process. The main thing you may hear about these payment cards is how ‘safe’ the procedure is because they are linked to your bank account. An important thing to remember is that they will only be safe if you take all the necessary precautionary measures. If you are not careful, your credit card can be involved in illegal activities.

Once anyone hears about credit card fraud, they immediately store their card in a safe place. But you must know that your credit card can be hacked even if it’s safe in your wallet. Your card number is enough for the damage to be done. There are many ways for the thief to access your number.

One way is the traditional and old-fashioned technique called phishing. The hacker can speak to you in a convincing tone while pretending to be someone from the credit card company and quickly gain access to your card’s details. Even though you think you will be able to detect their tone, some thieves are experts in this aspect.

If the thief has knowledge regarding professional hacking, they can hack into many supermarkets’ systems to gain access to your credit card number. All the numbers stolen from these systems can even be uploaded online on other card-buying sites. Other people visit these sites to use these numbers illegally, and the thieves who provide these websites with the numbers are paid per card.

Most of the times, even your computer can give you away. If the hacker manages to install some malware on your PC or laptop, they can easily access your credit card number (along with many other personal details) when you use it for online purchase. Therefore, you should protect your devices from malware.

RFID (Radio Frequency Identification) scanners are another treat for your credit card. Since most cards these days are contactless, once your card is in the same range as the scanner, your card number can be quickly stolen.

Your cellphone can be another target. If your phone’s software has NFC (near-field communication) technology to connect with the cashier’s POS (point of sale), you must be careful. At times, NFC can be manipulated, and all your information can be silently transferred to a thief.

Some criminals also have physical scanners that can scan the information quickly on your card. These scanners are also not very costly. Thus, the hacker can easily find out about the places where you use your card and tamper with the machine.

These are just some of the ways a thief can hack into your credit card. Even though it’s an absolute convenience to use one, you must also remember to take care of it.

By admin Posted in Money

Credit Cards vs. Debit Cards

By debtconsolidation-us.org – Credit cards and debit cards provide users a way to access their money without carrying around a bulky checkbook or cash. While these cards look identical, how they work is entirely different. Both cards have expiration dates, PIN codes, and a 16-digit card number, but both are suitable for distinct occasions.

Debit Cards

Debit cards are often referred to as “checking cards” because they are tied to a checking account. Whenever you make a transaction using your debit card, the amount of money is reduced from your bank account. Hence, you can only spend the money that is in your account. When using this card for an in-person transaction, the user needs to use their PIN (personal identification number) for approval of the transaction. It is quite simple to get a debit card by applying. Any credit union or bank with whom you have a checking account can issue you a debit card.

Pros

  • No worries of interest or late fees
  • Since you only spend what you have, over-spending can be avoided
  • The debit card uses PIN that provides higher security

Cons

  • The bank charges a point-of-service fee whenever you make transactions via a debit card
  • There are no reward programs offered
  • The dealing is only between the buyer and seller, so there is no protection under the Fair Credit Billing Act
  • After every purchase, the amount in your checking account decreases
  • You are required to maintain a minimum balance

Credit Cards

Credit cards work a bit differently and unlike debit cards, they are not tied to a checking account. They are connected to a financial institution, such as a credit company or a bank. A credit card transaction involves three parties: the buyer, seller and financial institution that has given money to the buyer. When using this card, you will never be restricted to spend the money regardless of not having enough amount in your account unless you reach the credit card limit. It is somewhat difficult to obtain a credit card as the issuing company goes through your credit history and determines if you are worth loaning money.

Pros

  • It is an ideal way to build up credit
  • You can avail additional benefits in the form of airline miles, cash back or other rewards
  • Greater protection for the customer as a financial institution is involved and transactions are covered under the Fair Credit Billing Act

Cons

  • A huge sum of money can be piled up because of late fees and interest
  • As there is no restriction on spending, you can spend more than your means allow
  • If you make late payments, it can affect your credit rating

Conclusion

As you are now aware of the benefits and drawbacks of each card, you can decide yourself what is better and when. Before you reach for your wallet, consider the type of purchase you are making. While debit cards are good for small everyday transactions, credit cards can be used for large purchases or services, including home improvement, automobile repair or online purchase of items.

By admin Posted in Money

Chiropractor Kelowna BC

Source Chiropractor Kelowna – The procedure for training future chiropractic professionals. This use this in their future scenarios and also functions as their basis for learning new things. Chiropractic services are served among sixty nations. Additionally, like other medical subjects that are related, a licensure examination is needed by chiropractic practice.

Degree in Chiropractic Care
Doctor of Chiropractic (DC or D.C) this is the academic degree for chiropractic suppliers. The degrees in chiropractic are believed to be first professional degrees. Not only that, they are thought to be primary health care providers in Canada and America. Chiropractic education, regulation and licensure Practice and licensure differs from one place to another.

Australia
In Australia, the absolute minimum of chiropractic five years expertise is required before you could enroll to practice chiropractic care. It’s taught at Murdoch University in Perth three public universities: RMT in Melbourne and Macquarie University in Sydney.

Canada
Canadian chiropractic students get a class study similar to doctoral-level health care professionals including dentistry, optometry and medicine and contains exactly the same entry conditions. Before they can be entitled to entry to the CMCC Doctorate of Chiropractic Degree program pupils must finish at least 3 years of university. Two schools in Canada offer chiropractic: the Universite du Quebec a Trios Rivieres in Trios Rivieres, Quebec as well as Canadian Memorial Chiropractic College in Toronto, Ontario.

South Africa
Like every other, this is a legal condition that each chiropractor should be enrolled together with the Allied Health Professions Council of South Africa (AHPCSA), a governmental statutory body to be able to practice Chiropractic care. The University of Johannesburg as well as the Durban Institute of Technology are the two schools who offers full time classes resulting in Masters or a MTECH of technology.

United Kingdom
A legal requirement in the UK that all chiropractors will be enrolled using the GCC to practice the subject, additionally, the very least of 30 hours per annum Continuing Professional Development must keep enrollment.

United States
Chiropractic schools are normally entered by pupils using a Bachelor’s degree. Yet, in 2005 just one chiropractic school require this as an entry prerequisite. Minimal prerequisite for registration in a chiropractic school is set forth at 90 semester hours along with a minimum cumulative GPA to get a pupil is 2.50. Grads of chiropractic schools get the degree Doctor of Chiropractoc (DC), which are called physician and therefore are qualified to find licensure in most authorities.

By admin Posted in Health