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Top Articles - 4 Credit Card Scams That Could Drain Your Bank Account
There are many ways that fraudsters commit credit card fraud and in this article, we cover the Top 4 credit card scams that you need to be aware of:
1. Application Fraud
This c
1. Application Fraud
This c
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
an be an assumed identity fraud where an individual pretends to be someone that he is not. Or it can be a financial scam where an individual provides false financial details in o
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
rder to acquire credit.
2. Lost or Stolen Credit Cards
With the advent of modern technology, even the credit card scams have gone high tech. Nowadays, tricksters produce fake c
2. Lost or Stolen Credit Cards
With the advent of modern technology, even the credit card scams have gone high tech. Nowadays, tricksters produce fake c
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
redit cards and trick merchants. They also copy information from the magnetic band on the reverse of the credit card, or the information stored on the smart chip.
3. Postal Inte
3. Postal Inte
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
rcept Deception
This happens when a card is stolen from the postal service prior to it reaching its owner. Postal intercept fraud has become a less famous aspect of credit card
This happens when a card is stolen from the postal service prior to it reaching its owner. Postal intercept fraud has become a less famous aspect of credit card
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
fraud, especially in the EU.
This is primarily due to successful monitoring of those who work for the postal service. Also, the card issuers have also started to take various s
This is primarily due to successful monitoring of those who work for the postal service. Also, the card issuers have also started to take various s
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
afeguards such as requiring personal identity confirmation at the point of credit card activation.
4. Site Cloning and False Merchant Sites
On the Internet these are fast becom
4. Site Cloning and False Merchant Sites
On the Internet these are fast becom
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
ng a common technique of credit card scams for many fraudsters with a proficient aptitude for hacking. They make people provide their credit card details without realizing they h
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ave been tricked.
Precautions To Be Taken To Avoid Credit Card Scams
The best way to avoid credit card scams is to be on the lookout for any fraudulent activity. Be alert whene
Precautions To Be Taken To Avoid Credit Card Scams
The best way to avoid credit card scams is to be on the lookout for any fraudulent activity. Be alert whene
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
ver you are using your credit card. Whenever you give your card to the merchant, keep an eye on it. See what he is doing and take it back as soon as possible. Do not let it go ou
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
t of sight for too long.
You must not give out your credit card number on the phone to someone you do not know. The trickster may call you up pretending to be from the card comp
You must not give out your credit card number on the phone to someone you do not know. The trickster may call you up pretending to be from the card comp
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
any or some other company you do business with. Still do not give your card details to him. Insist on calling back on the number you have of the company.
Do not respond to any e
Do not respond to any e
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
mail that asks you to disclose your credit card details. Be extra cautious of emails that ask you to click on a link and verify your financial information. They are mostly 'phish
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ing' scams. If you want to check the site, do not click on the link. Instead type out the url on the address bar and check the authenticity of the site. Be careful not to provide
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
credit card information on any unsecured website.
Some More Do's and Don'ts
Don't write down the PIN number on your credit card or even keep it in your wallet. Your wallet is e
Some More Do's and Don'ts
Don't write down the PIN number on your credit card or even keep it in your wallet. Your wallet is e
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
qually prone to being stolen.
Do make sure that you keep your credit card receipts properly and do not keep them lying all around you.
Do be careful that others around you cann
Do make sure that you keep your credit card receipts properly and do not keep them lying all around you.
Do be careful that others around you cann
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ot copy your credit card number.
Don't carry all your credit cards all at the same time. If your wallet gets stolen, then all the cards will be lost at one go. Ideally, it would
Don't carry all your credit cards all at the same time. If your wallet gets stolen, then all the cards will be lost at one go. Ideally, it would
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
be better if you carry your credit cards in any place other than your wallet.
Don't lend your credit card to any one.
Do scrutinize each item on your credit card bill to ensur
Don't lend your credit card to any one.
Do scrutinize each item on your credit card bill to ensur
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
e that you have not been overcharged.
Don't sign a blank credit card receipt. If at any time, you feel victimized, you must promptly let your issuer know.
As long as there are
Don't sign a blank credit card receipt. If at any time, you feel victimized, you must promptly let your issuer know.
As long as there are
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
credit cards there will be credit card scams but common sense and vigilance coupled with ever developing scam detection technology should make credit card fraud rather negligible
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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