Card Games – Nine Ways to Prevent Credit Card Fraud

New jewelry sales clerks would be alarmed by the “chunky, well-dressed woman” who police say stole $13,000 in merchandise from Musselman, Gordon, and Littman jewelers in Bloomsburg, Pa. The criminal’s modus operandi: phony credit cards. According to the U.S. Secret Service, the federal agency that monitors and investigates currency-related crimes, there were 2,269 arrests for credit card fraud in fiscal year 1997. Financial losses from the crime, say MasterCard statisticians, were nearly $500 million. Retail jewelry stores, because of their high-value merchandise, are prime targets. Selling jewelry is a “high-risk transaction,” says Vinny DeLuca, MasterCard’s vice president for fraud prevention. “Anything that is easy to sell on the street tends to be targeted in these crimes.” In most major cities, the Secret Service maintains a credit card fraud squad. Cooperating
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