How do you report Credit Card Fraud to the Swiss Police? - Page 2

Richard · #21 10.08.2010, 16:31

I see that a few people here have never read the small print of their credit cards that they have applied for and received.

1. The person in whose name the card is made out is responsible for all transactions from that card. ie if you have a UBS company card the fact that UBS are simultaneously the (quasi)issuer and the owner of the card is irrelevant when it comes down to ultimate responsibility for payment from transactions.

2. The only time when the issuer actually takes responsibility for the transactions is when the credit card is reported missing/stolen before the transaction occurs or as soon as possible after it is stolen/goes missing.

3. Which of course means that if you can reasonably prove that you did not make the transaction because, for example you could prove you were on an aeroplane using your card when your "card" was also used in Migros, then the responsibility for the loss goes to the retailer.

Also note that a credit card transaction does not require a signature!

	Quote:	marton
	Could also say the issuer is the one defrauded because somebody pretending to me used credit from the issuer to obtain goods or money? I am not defrauded because i would not pay the issuer for any charge that I did not personally incur. I would claim I am not responsible if somebody uses a stolen/ forged credit card in my name?

marton · #22 10.08.2010, 16:36

	Quote:	Richard
	I see that a few people here have never read the small print of their credit cards that they have applied for and received. 1. The person in whose name the card is made out is responsible for all transactions from that card. ie if you have a UBS company card the fact that UBS are simultaneously the (quasi)issuer and the owner of the card is irrelevant when it comes down to ultimate responsibility for payment from transactions. 2. The only time when the issuer actually takes responsibility for the transactions is when the credit card is reported missing/stolen before the transaction occurs or as soon as possible after it is stolen/goes missing. 3. Which of course means that if you can reasonably prove that you did not make the transaction because, for example you could prove you were on an aeroplane using your card when your "card" was also used in Migros, then the responsibility for the loss goes to the retailer. Also note that a credit card transaction does not require a signature!

& reading the title of this thread - So who should report the credit card fraud?
The person in whose name the card is made out?
In case 2 it is the issuer who is defrauded & in case 3 it is the retailer who is defrauded.

Richard · #23 10.08.2010, 18:33

Yes because if there is a lack of contrary proof they pick up the bill.

	Quote:	marton
	& reading the title of this thread - So who should report the credit card fraud? The person in whose name the card is made out? In case 2 it is the issuer who is defrauded & in case 3 it is the retailer who is defrauded.