Diners Club International Credit Card

  Diners Club International Credit Card  - Credit card numbers: What do they really mean?  - Jun 22, 2007  

The long credit card numbers on your credit card inspire awe and if it makes you think what these long strings of numerals signify this article is for you. Every credit card has a unique number associated with it. This number is used to identify the credit card and is used to decipher various other information associated with the credit card. Let us analyze it in detail.

The first digit is always 3, 4, 5 or 6. Credit card companies use a standardized system of assigning numbers. 3 means it is an American Express or Diners Club credit card. Credit cards beginning with 4 means that it is a Visa card. If your credit card numbers starts with 5 it represents a MasterCard. And in the case of a credit card number beginning with 6, it is a Discover credit card.

The other numbers are used to carry various other information. Visa a major credit card issuer uses the digits 2 through 6 to identify the bank. 7 to 12 or 15 are used to identify the account number and the last number is called the check digit. The pattern in Visa credit cards can vary greatly because all of Visa credit cards do not have the same amount of digits on credit cards.

Similar is the case with MasterCard. Digits 2 to 6 represent the bank and digits 7 onwards are used to identify the account with which the credit card is associated. The last digit is the check digit.

The numbering pattern with American Express credit cards is slightly different. The second digit in these credit cards is used to identify the company. For example if the credit card is issued in American Express's name it will have the first two digits 34, or 37 and if it carries Diners club logo it will have its first two digits as 36 or 38. The 3rd and 4rth digits are used to identify whether the credit card is a business or personal type. The digits 5 to 11 represent the account number and digits 12 to 14 shows the card number attached to that account. The last digit is the check digit.

In case of Discover credit card the pattern is similar like those of Visa and MasterCard.

Credit card numbers are a unique way to identify any single credit card from billions of other credit card issued. Credit card technology is improving day by day and credit card companies are adopting new ways to make the credit card more safe, secure and easy to manage.

  Diners Club International Credit Card  - Florida criminal credit card fraud: Lessons to learn  - Jul 11, 2007  

A huge credit card fraud amounting to US$ 75 million has been unearthed by the U.S. Secret service. The criminal gang caught perpetrating this credit card fraud was based in South Florida and had international links. The secret service agents recovered more than 200,000 credit card account numbers from these gangsters.

The modus operandi of these credit card criminals transcended international borders. These criminals used to send large amounts of money to cyber criminals in eastern Europe using E-gold accounts. The money was used to buy stolen credit card numbers from their east European counterparts. The stolen credit card numbers were used to generate counterfeit credit cards at numerous locations throughout South Florida. These credit cards were then used for fraudulent purchases and money withdrawal.

Strange but true, credit card crimes such as these and identity theft are on the rise. Everyday we hear or see new methods by which criminals exploit the vulnerabilities in the system. This particular case of credit card fraud was a visible example of co-operation between international criminals to promote mutual interests.

How can we protect ourselves from such criminals? This question must be troubling many of us. There is no doubt about the fact that criminals are getting wiser day by day, but if we take simple precautions like the ones listed below we can avoid getting into their traps for sure.

Always keep your credit cards safely, don't ever let them out of sight.

The PIN number of credit card shouldn't be posted everywhere, instead it should be memorized and the document containing PIN should be destroyed immediately.

Make sure that websites and online shopping sites on which you use the credit cards are 128 bit encrypted and has the latest security and privacy safeguards.

Whenever you pay your bills, or swipe the credit card make sure that it never leaves your sight. Don't let it fall into wrong hands.

Take extra care wherever you exchange your credit card details and destroy all the payment slips which have any reference to your credit card number.

Check your monthly statement carefully and if you find any discrepancy, report it to the credit card company immediately and if things go seriously out of control get your credit card blocked to prevent further misuse.

The dangers of credit card fraud are enormous, but a little care and one can steer clear of all such difficulties. Authorities are constantly taking measures to tackle such credit card frauds, and we should supplement their efforts with the vigil on our part.

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