Payza Scam and Fraud Prevention Oct. 2013 | Page 9

PAYZA FRAUD – 4 TYPES YOU SHOULD KNOW ABOUT

Payza Fraud – 4 Types You Should
Know About
If you have a Payza account, it would be wise to educate yourself about the different types
of Payza fraud that could affect you
and cause havoc in your life. The last
thing you need or want is to sort out
a mess you never created. But you
can learn about what to look out for
right here and how to protect
yourself.
1. Card-Not-Present Fraud (CNP): Card-Not-Present Fraud is a type of Payza fraud that
could occur if your credit card information is stolen and then used to open a Payza
account in your name to make online purchases. As the person is not present in the store
to buy the product or service, the merchant will not know the difference between the real
you and the person who stole your credit card information.
2. Phishing: This type of Payza fraud occurs when a fraudster sends emails to people with
Payza accounts whom they hope to convince to hand over personal information, such as
passwords and Transaction PINs. These emails can sometimes look real as Payza’s logo is
perfectly replicated by the fraudster. These types of email scams always ask for personal
information to be sent via reply or by clicking on a link.

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