Credit Card Fraud comes in many forms, from paying for goods (in person, over the internet, or via mail) with a stolen card, to opening a new account in a credit card holder’s name, to accessing money in a compromised account, among others.
Skimming and carding are two other more sophisticated forms of credit card fraud:
- skimming is when devices at automated teller machines steal credit card information while cards are being used legitimately by cardholders;
- carding is when a stolen card is used to buy a small item online to see whether or not the card has already been reported stolen before using the card to purchase more expensive items.
In Massachusetts, other criminal acts related to credit cards include:
- Knowingly making false statements in order to obtain a credit card;
- Stealing a credit card with the intent to use or sell the card;
- Receiving a credit card that the defendant knows has been lost or stolen and keeping the credit card with the intent to sell or use the card;
- Selling or buying a credit card without being authorized to do so;
- Keeping and using a credit card that was mistakenly delivered to the wrong address or person;
- Making a fake credit card;
- Using someone else’s credit card without the owner’s permission;
- Committing any of these acts in order to obtain money, goods or services with a value of more than $250 is a felony.
Another common type of credit card fraud crime is known as identity theft. The fraud is accomplished by using the victim’s Social Security number and birthdate, for example, to apply for credit cards under their name.