What does Fraudulent Transaction mean?

Fraudulent transaction supposes that a transaction has taken place with your credit card, by another person whom you did not authorize for its use. If such practices observed by you, you immediately need to report it, so that the issuer acknowledges this and proceeds to the card’s cancellation. Credit card frauds are unfortunately popular due to technology which makes way to an easier access to more people that is why you need to make everything possible to keep your personal data as safe as you can, and don’t use it for online unsecured transactions.