American Express card used fraudulently - questions

yangptangkipperbang

I am somewhat bemused by the use of the word "refunded" in most of the posts concerning fraudulent use of credit cards. If it is on a credit card there is nothing to refund - unless the card holder as actually paid off a fraudulent transaction, which is somewhat negligent, to say the least.
If you didn't make the transaction, you don't pay it - end of story.

[Deleted User]

yangptangkipperbang wrote: »

I am somewhat bemused by the use of the word "refunded" in most of the posts concerning fraudulent use of credit cards. If it is on a credit card there is nothing to refund - unless the card holder as actually paid off a fraudulent transaction, which is somewhat negligent, to say the least.
If you didn't make the transaction, you don't pay it - end of story.

Who cares? Semantics on an internet forum is pretty sad.

thesaver79

[quote=[Deleted User];54763625]Who cares? Semantics on an internet forum is pretty sad.[/QUOTE]

I agree. And sometimes it could be actually the case of a proper refund. In my case, it was too late for them to invalidate certain transactions because the statement had already been published and the direct debit had already gone through.

Tiddlywinks

yangptangkipperbang wrote: »

I am somewhat bemused by the use of the word "refunded" in most of the posts concerning fraudulent use of credit cards. If it is on a credit card there is nothing to refund - unless the card holder as actually paid off a fraudulent transaction, which is somewhat negligent, to say the least.
If you didn't make the transaction, you don't pay it - end of story.

Oh dear, no need to be 'bemused'... with any charge to a card, there is a corresponding debit. This usually happens even with fraudulent transactions.

So, if the bank subsequently agrees that it is indeed an irregular debit and reverses the transaction, then there will be a credit added to the account.

So... for the layman, this is indeed a 'refund' in that the charge has been reversed, the bank has credited the charge.

A rose by any other name...

baby_frogmella

MPH80 wrote: »

Equally - there's only 999 combinations for CV2 (or 9999 for an Amex) - so the computational power required to simply 'try' all combinations isn't high.

Having said that - Amex makes life easier by placing all details of the card on the front. So you can get a mobile snapshot of a card on a desk easily or from CCTV and get all the details necessary for an online purchase (assuming AVS isn't being used).

M.

Going slightly off-topic here, but what exactly is that 3 digit code on the back of my Amex green card? Obviously when i'm asked to enter the CV2 code on websites, i enter the 4 digit code shown on the front. Surely they both can't be CV2 codes?

reclusive46

baby_frogmella wrote: »

Going slightly off-topic here, but what exactly is that 3 digit code on the back of my Amex green card? Obviously when i'm asked to enter the CV2 code on websites, i enter the 4 digit code shown on the front. Surely they both can't be CV2 codes?

The 3 digit code is an internal thing and can be used to verify the authenticity of the card, I believe.

yangptangkipperbang

[quote=[Deleted User];54763625]Who cares? Semantics on an internet forum is pretty sad.[/QUOTE]

It is far from semantics - it is pretty obvious from a large number of the posts on here that MANY people don't really understand what a credit card is, how it operates or what their rights are in relation to theses cards.

If you wish to display your FAR superior knowledge in such a manner, please feel free, but you are helping no one - except perhaps your own ego.