Skimming

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Dictionary Says

Definition of 'Skimming'

An electronic method of capturing a victim's personal information used by identity thieves. The skimmer is a small device that scans a credit card and stores the information contained in the magnetic strip. Skimming can take place during a legitimate transaction at a business.
Investopedia Says

Investopedia explains 'Skimming'

Skimming can occur easily in a restaurant because your card is taken away when the bill is being settled. If your server is a skimming identity thief, he or she will, before giving the card back to you, scan the credit card with a hand-held electronic device, which takes only seconds. The electronically captured information is then used to by the thief or sold to other criminals.
Search results for

'Skimming'

  • 6 New Credit Scams To Watch Out For - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0710/6-New-Credit-Scams-To-Watch-Out-For.aspx
    ... IN PICTURES: 8 Signs Of A Doomed Stock. Skimming Scams Swiping your debit card may
    be more convenient than using cash but it also carries a whole lot more risk. ...

  • Avoiding Foreclosure Scams

    http://www.investopedia.com/articles/pf/07/foreclosure_scam.asp
    ... Equity Skimming In this scenario, a person who calls himself a buyer stops at your
    door and convinces you to sell your property to him (usually for less than ...

  • Identity Theft: How To Avoid It

    http://www.investopedia.com/articles/pf/05/051805.asp
    ... information of the deceased through the use of obituaries, stealing or diverting
    your mail and obtaining credit card or bank account information via skimming. ...

  • A Beginner's Guide To Scalping In The Forex Markets

    http://www.investopedia.com/articles/forex/11/beginners-guide-forex-scalping.asp
    ... Scalping, at least in trading, is a term used to denote the "skimming" of small
    profits on a regular basis, by going in and out of positions several times per ...

  • A Nightmare On Wall Street

    http://www.investopedia.com/articles/financial-theory/08/nightmare-banking-wall-street.asp
    ... Free of scrutiny, Keating started skimming depositors' money by offering financial
    instruments through a thrift that funneled money into a parent company for ...

  • 10 Resume Red Flags - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0210/10-Resume-Red-Flags.aspx
    ... You aren't writing a novel, you are trying to catch a skimming employer's eye and
    prove you are worth a second look - and an interview. There Are No Numbers. ...

  • Don't Ride Coach Just Yet

    http://stocks.investopedia.com/stock-analysis/2009/Dont-Ride-Coach-Just-Yet-COH-M-SKS-JWN-TJX1022.aspx
    ... and chic. Skimming Poppy's offerings, the products appear tacky, and the
    edgy look clashes with traditional Coach merchandise. In ...

  • 10 Risks That Every Stock Faces

    http://www.investopedia.com/articles/stocks/11/risks-every-stock-faces.asp
    ... Whether it's the company's management skimming money out of the company, improperly
    stated earnings or any other type of financial shenanigans, the market ...

  • Series 63 Study Guide - Interviews - Johathan | Investopedia

    http://www.investopedia.com/exam-guide/series-63/interviews/johathan-interview.asp
    ... He read the book very slowly and carefully and felt like he would have benefited
    more from just skimming it and getting right to the practice exams! ...

  • Avoiding Tax Scams

    http://www.investopedia.com/articles/tax/09/avoiding-tax-scams.asp
    ... ability to give you zero or extraordinarily low tax liability, and then make lots
    of money by charging high fees for their services or by skimming money from ...

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