Saturday, February 10, 2007

Airlines beat credit card cheats

Mumbai: As banks and airlines are looking to curb credit-card cheats, cheating the airlines is going to get tougher.
In an attempt to control online ticketing fraud, banks are overhauling credit-card swiping machines.
A transaction slip generated will print only a few digits of your card number instead of all the information on your card.
This will make it difficult for frauds to memorise the 16-digit card number required to book e-tickets. Banks expect to complete the process by March.
Kingfisher Airlines lost Rs 13 crore on e-tickets booked, using stolen credit card details.
The Mumbai police have arrested nine people and sources say they might be part of a nation-wide gang of 40.
International credit-card details were compromised with less than 3 per cent being Indian. Industry sources believe databases containing critical credit-card information might have been leaked from abroad.
10/02/07 Mehak Kasbekar/CNN-IBN
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