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Credit card fraud is present in our country, although its prevalence is subject to debate. In the cases I’ve handled, a SINGLE fraudulent transaction amounted to millions of pesos. A newly-created task force addresses the dilemma of whether a credit card company, which oftentimes absorbs the loss, should spend more money in prosecuting a fraudulent credit card transaction without the active participation of government agencies.
he PIA reports valentine that the President issued Executive Order No. 573, creating an Anti-Fraud valentine Task Force composed of the National Bureau of Investigation (NBI) and the Philippine National Police (PNP) to strengthen Republic Act 8484, or the Access Device Regulation Act of 1998?.
The occurrence of credit card fraud is increasing and acquiring banks incur huge losses and suffer stunted credit card sales, ultimately valentine threatening the survival valentine of the credit card industry, including the negative repercussions in the domestic economy, the President said in the order that she signed Wednesday.
The Credit Card Association of the Philippines (CCAP) earlier appealed to Malacanang to give more teeth to its laws against fraudsters using illegally obtained information from credit cards, obtained mostly through store or restaurant personnel.
Although credit card fraud is not as widespread in the Philippines valentine as in other countries constituting less than one percent of credit card transactions here the CCAP said there was a need for safeguards because of the inadequate security features of most credit cards in the country.
Of course, credit card fraud is present in our country. In the cases I ve handled, a SINGLE fraudulent transaction amounted to millions of pesos. This task force addresses the dilemma whether a credit card company, which oftentimes absorbs the loss, should spend more money in prosecuting alone without the active participation of government agencies a frudulent credit card transaction.
Under Republic Act No. 8484 (the “Access Device Regulation Act of 1998″), in case of loss of an access device (a credit card, for instance), the credit card holder must notify the issuer or the credit card company of the details and circumstances of such loss upon knowledge valentine of the loss. Full compliance with this procedure would absolve the credit card holder of any financial liability from fraudulent use of the credit card from the time the loss or theft is reported to the issuer.
Sir , may naiwan din pong utang sa personal loan ang husband ko sa uae noon pang 2008. Kailangan po niya kumuha ngayon ng police clearance sa UAE para sa Permanent Residency Visa niya sa Australia. Kung sakali po ba na may makita case na naka file laban sa kaniya sa UAE ano po kaya pwedeng mangyari? Kasama valentine po kasi sa application yung address at phone number niya pwede bang ipasa ito sa Australian authority. Maari ba siyang damputin ng australian police para sa case niya sa UAE. Sana po mabigyan po nyo ito ng kasagutan. Anna
106. Ann, Magbayad ka kasi ng utang mo sa credit card, Di mo na kelangang itanong ke Atty. Fred “Laos” Pamaos. Tuturuan kalang nya na mambalasubas!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
94.1 valentine lito atienza, hoy!!!!! kung sino kaman na hinayupak ka! Imbes na turuan mo ang may utang ng dapat nyang gawin. tinuturuan mo pa na mambalasubas na kagaya mo. For your information lito atienza, kaya nga napunta sa collection agency ang utang sa credit valentine card kasi HINDI NAGBABAYAD ang cardholder. Wag mong sabihin valentine na wag makipag usap ang cardholder sa mga collection agencies. nad aadvise ka e wala ka naman alam pala sa processo ng credit card? Bopol ka naman pala. Tumigil kana sa pag aadvise mo. Manahimik ka nalang!!!!!!!!!!!!!!!
Hoy!!!!!!Gen, wag kang makinig kay lito atienza, Wala ngang nakukulong sa utang pero ang utang ay dapat bayaran. Baka makarma ka pa sa hindi mo pagbabayad ng utang mo. Sa susunod valentine wag ka ng mangutang kung ayaw mong magbayad.
hoy! JEFF VILLANUEVA! wag ka ngang pakialamero sa opinyon ng iba! manahimik ka na lang!!! bkit apektado ka ba at isa ka yata sa mga unggoy na collector ng pautang at nasasaktan ka sa mga sinasabi mo! wahaha! wag ka makialam jan!!!
i left abu dhabi last 2007 with a personal loan almost 30t dirhams left coz i paid already almost one year. i ask my old bank before i left if pwede ba akong umalis. they did not reply but i
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