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9:41 am August 24, 2010
| vino
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| Member | posts 6 | |
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hello friend i would like to share some important information regarding Credit fraud,There ia a law called FACTA(FAIR AND ACCURATE TRANSACTION ACT)this alert is for fradulent things,any one know about this?
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10:28 am August 24, 2010
| satu
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| Member | posts 9 | |
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FACTA is aproved by united states in 2003,this is the best law to save card holders from fraudlent things.
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11:04 am August 24, 2010
| ann
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| Member | posts 10 | |
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This is the act which allows customer to request a free report on credit for every tweleve months,nice act passed by US government.
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11:34 am August 24, 2010
| bin
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| Member | posts 12 | |
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I know about this alert ,this act also contains provisions to help reduce identity theft, such as the ability for individuals to place alerts on their credit histories if identity theft is suspected.so it reduces the risk in credit card obviously.
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12:08 pm August 24, 2010
| cam
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| Member | posts 13 | |
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We can say in this way bin ,deploying overseas in the military, thereby making fraudulent applications for credit more difficult.
it requires secure disposal of consumer information…..so we need FACTA alerts.
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12:39 pm August 24, 2010
| winu
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| Member | posts 13 | |
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Now a days FACTA alerts are using in all the banks ,it is a very good system to prevent theft,must be useful for big bussiness man.
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1:14 pm August 24, 2010
| zylo
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| Member | posts 13 | |
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Now they are following such a alert in USAA bank too,nice alerts on theft prevention.
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1:47 pm August 24, 2010
| villa
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| Member | posts 17 | |
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In USAA bank this system is implemented,it is a secured credit report alert,prevents from theft,great tech info man.
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2:11 pm August 24, 2010
| sholing
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| Member | posts 21 | |
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FACTA alert is a great tecnology to prevent theft or fraudelent things in credit card.
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2:03 pm August 30, 2010
| gymrat7
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| Member | posts 15 | |
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Is this act for all credit cards/debit cards, business cards ect? It seems like credit card fraud is being more managed and less damage being done when someone has been violated. What else does it protect?
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3:10 pm August 30, 2010
| cscore
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| Member | posts 14 | |
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IS this being used all over the world or has it just been introduced in to the US? You say that all or some bank are using this program? Has the fraud rate gone down?
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