PPT-Letter of Credit Fraud

Letter of Credit Fraud By Sage Richards What is a Letter of Credit Letter of Credit A finical contract between bank customer and beneficiary seller that involves transfer of goods or services. Cyber credit card fraud or no card present fraud is increasingly rampant in the recent years for the reason that the credit card i s majorly used to request payments by these companies on the internet Therefore the need to ensure secured transaction To help us do this applications may be assessed using a process called credit scoring How does credit scoring work Credit scoring takes into account information provided directly by you any information we may hold about you and any information we ma CJ341 – Cyberlaw & Cybercrime. Lecture . #7. M. E. Kabay, PhD, CISSP-ISSMP. D. J. Blythe, JD. School of Business & Management. Topics. Internet Fraud & Con Artistry. Identity Theft / Phishing / Pharming / . Gavin Levin, CTP. eReceivables Consultant. What is EMV?. Why will this impact Card Not Present fraud. Leveraging technology to strengthen security. Q&A. Agenda. EMV is a global payment system that entails putting a microprocessor chip into debit and credit cards, making them less vulnerable to fraud for in-person transactions. Because EMV uses better data security, this standard is being adopted in the United States. In addition, most debit and credit cards will be reissued with EMV chips by October 2015. EMV terminals are already in use all over the world and growing more and more popular everywhere. Securities and Investments. 1. Regulating the Securities Industry. 2. Regulations (continued). 3. Regulations (continued). 4. Regulations (continued). 5. State Regulations. Texas State Securities Board. What you need to know…. Table of Contents. What is Identity Theft?. How Do Thieves Steal An Identity?. What Do Thieves Do with Stolen Identities?. What Can I Do To Avoid Becoming a Victim?. What Should I Do If My Identity is Stolen?. Definition, Types & Parties. Compiled By:. Janata Bank Staff College. Dhaka. Bankers role in Foreign Trade. Methods of Payment-. Origin of the term. . Letter Of Credit. Define Letter Of Credit. The letter of credit is a . Module 9.1. Vocabulary. Fraud. : a criminal act where someone knowingly deceives you for their own gain. Common types of fraud. :. Bait and switch. : an illegal sales technique in which a business advertises a bargain product with the intent of persuading consumers to buy a more expensive product.. Steps to Avoiding Scams and Fraud. April 24. , . 2014. Kathy Stokes, WISER Senior Fellow. Women’s Institute for a Secure Retirement. Maggie . Flowers, Senior Program Manager, Economic . Security. National . Monica Darden, DOA. Maureen Sudbay, BOA. Agenda. Industry Updates. ePayables. Fraud Updates. IntelliLink. Online Reconciliation. GL Structure. eCommerce Updates. Q & A. Industry Updates. P-Card Spend changes between 2009 & 2011 . Protecting yourself from identity theft and identity fraud. What we’ll talk about today. How your identity can be compromised.. Ways to protect your information. . What you can do if you experience identity theft or fraud.. Presented . by Carrie . Kennedy and Dustin . Birashk, Moss Adams LLP. June 20, 2012. Disclosure Statement. The material appearing in this presentation is for informational purposes only and is not legal or accounting advice. Communication of this information is not intended to create, and receipt does not constitute, a legal relationship, including, but not limited to, an accountant-client relationship. Although these materials may have been prepared by professionals, they should not be used as a substitute for professional services. If legal, accounting, or other professional advice is required, the services of a professional should be sought.. Credits 1993 Revision International Chamber of Commerce Publication No 500 International Standby Practices 1998 ISP98 Note Either shall be acceptable We hereby agree with you that drawings under an This letter of credit shall be deemed to be automatically extended annually for periods of one year unless written notice is given by the banking institution by registered or certified mail or by cou