Caution: New Credit Card Scams

[architect]

Mods: Not sure if this is the right place to post this. Kindly move if inappropriate. Thanks.

Got this via email from my cousin.

Be sure to read Scene 3.
Quite interesting.

SCENE 1.

This is a new one.

People sure stay busy trying to cheat us, don't they?

A friend went to the local gym and placed his belongings in the locker.

After the workout and a shower, he came out, saw the locker open, and thought to himself, 'Funny, I thought I locked the locker. Hmm.' He dressed and just flipped the wallet to make sure all was in order.

Everything looked okay - all cards were in place.

A few weeks later his credit card bill came - a whooping bill of $14,000!

He called the credit card company and started yelling at them, saying that he did not make the transactions.

Customer care personnel verified that there was no Mistake in the system and asked if his card had been stolen.

'No,' he said, but then took out his wallet, pulled out the credit card, and yep - you guessed it - a switch had been made. An expired similar credit card from the same bank was in the wallet.

The thief broke into his locker at the gym and switched cards. Verdict:The credit card issuer said since he did not report the card missing earlier, he would have to pay the amount owed to them.

How much did he have to pay for items he did not buy?

$9,000!

Why were there no calls made to verify the amount swiped?
Small amounts rarely trigger a 'warning bell' with some credit card companies.

It just so happens that all the small amounts added up to one big one!

SCENE 2.

A man at a local restaurant paid for his meal with his credit card.

The bill for the meal came, he signed it, and the waitress folded the receipt and passed the credit card along.

Usually, he would just take it and place it in his wallet or pocket.
Funny enough, though, he actually took a look at the card and, lo and behold, it was the expired card of another person.

He called the waitress and she looked perplexed.

She took it back, apologized, and hurried back to the counter under the watchful eye of the man.

All the waitress did while walking to the counter was wave the wrong expired card to the counter cashier, and the counter cashier immediately looked down and took out the real card.

No exchange of words --- nothing! She took it and came back to the man with an apology.

Verdict:

Make sure the credit cards in your wallet are yours.
Check the name on the card every time you sign for something and/or the card is taken away for even a short period of time.

Many people just take back the credit card without even looking at it, 'assuming' that it has to be theirs.

FOR YOUR OWN SAKE, DEVELOP THE HABIT OF CHECKING YOUR CREDIT CARD EACH TIME IT IS RETURNED TO YOU AFTER A TRANSACTION!

SCENE 3:

Yesterday I went into a pizza restaurant to pick up an order that I had called in.

I paid by using my Visa Check Card which, of course, is linked directly to my checking account.

The young man behind the counter took my card, swiped it, then laid it on the counter as he waited for the approval, which is pretty standard procedure.

While he waited, he picked up his cell phone and started dialing.

I noticed the phone because it is the same model I have, but nothing seemed out of the ordinary.

Then I heard a click that sounded like my phone sounds when I take a picture...

He then gave me back my card but kept the phone in his hand as if he was still pressing buttons.

Meanwhile, I'm thinking: I wonder what he is taking a picture of, oblivious to what was really going on.

It then dawned on me: the only thing there was my credit card, so now I'm paying close attention to what he is doing.

He set his phone on the counter, leaving it open. About five seconds later, I heard the chime that tells you that the picture has been saved.

Now I'm standing there struggling with the fact that this boy just took a picture of my credit card.

Yes, he played it off well, because had we not had the same kind of phone, I probably would never have known what happened.

Needless to say, I immediately canceled that card as I was walking out of the pizza parlor.

All I am saying is, be aware of your surroundings at all times

Whenever you are using your credit card take caution and don't be careless. Notice who is standing near you and what they are doing when you use your card..

Be aware of phones, because many have a camera phone these days.
When you are in a restaurant and the waiter/waitress brings your card and receipt for you to sign, make sure you scratch the number off.

Some restaurants are using only the last four digits, but a lot of them are still putting the whole thing on there.

I have already been a victim of credit card fraud and, believe me, it is not fun. The truth is that they can get you even when you are careful, but don't make it easy for them.

[uls]

meron pa yung gumagamit ng card reader.

while the waiter is on his way to the cashier dala-dala ang iyong credit card, he takes a card reader from his pocket and swipes ur credit card... before handing ur card to the cashier.

kuha na nya credit card info mo... and he can sell the info to someone...

Don't know if this happened here na pero sa abroad nangyayari...

eto yung device: http://www.hackerscatalog.com/Produc...ams/index.html

yung may katabi na lighter

[tringgerman]

card readers are useless if your card comes with a microchip. yes they can read and clone the magnetic data of your card but the microchip comes as a 2nd line of defense. unless waiters can put a microchip reader in their pockets or even afford one, just make sure na ito i-request sa card mo

[fast lane]

i believe may incident din ganyan dito sa resto din, dont remeber exact date

it was shown on tv

just dont remember if its XXX or Imbestigador,


but i think the waiter is being paid P500 everytime he swipes a card into the device, which looks similar to the posted by sir uls

[theveed]

Kaya a lot of restaurants in the US are using wifi terminals where they bring the terminal to your table while you do the swiping, tearing of paper and receiving the receipts. No waiter contact during the transaction...

In case #1, filing a case with the police will allow the company to further conduct the investigation. The victim is not obligated to pay for the charges not made by him. It's quite easy to trace Cc purchases, no matter how mundane anyway, as soon as that's filed and an attempt to use the card is present, it's not impossible to localize the perpetrator.

Those examples are the prime reason why I laugh at those saying "don't buy stuff online with your credit card!!!", doing Cc with direct human contact to the card accounts for the bulk of fraudulent transactions. Restaurant and bars are the most common places for these things to occur, everytime you hand over a card to a gas boy, waiter, etc, there's no way you'll know what they'll do to it. When you shop online (unless you're not smart enough to still shop in unsecured checkout carts) the info are encrypted in different int'l encryption standards and the seller won't even know what your card number is during the whole transaction.

[redorange]

Mods: Not sure if this is the right place to post this. Kindly move if inappropriate. Thanks.

Got this via email from my cousin.

Scene 1: Regardless of when he reported it lost/stolen states have laws protecting the owner against identity theft. I myself had been a victim of similar case and did not have to pay a cent even when the thief maxed out my credit card. The card company investigates and once your claim is verified you're cleared. In my case the card was never lost/stolen in fact I still had it in my home and had not used it in 2 years. The only way I found out was the thief tried to buy $400 worth of sneakers and the card had already reached it's limit so it was rejected. The store called me and notified me of the limit reached and I informed them I never ordered the shoes. I then called the card company and had them give me a list of transactions in the account. I informed them I never bought $2000 worth of cellphones among other things on their list, they in turn started a case number and removed all charges from my account, canceled the card and issued me a new card and account number.

The best card I have with regards to identity theft protection is American Express. Every time I drive to LA from San Francisco it's guaranteed like clockwork that my card will be frozen by the time I reach Bakersfield to refuel if I use it just once to refuel in Fresno. I then have to call them and inform them that I am driving around California and not to freeze the account. My check card with Bank of America is the same way when I buy airline tickets it will automatically be frozen unless I call them to let them know I bought the tickets.

[Horsepower]

Moral of the story: It's best to pay in cash.

[j_avonni]

Kaya a lot of restaurants in the US are using wifi terminals where they bring the terminal to your table while you do the swiping, tearing of paper and receiving the receipts. No waiter contact during the transaction...

I noticed Toyota Makati is already using the wifi terminals. These should be used in restaurants so we can see what they are doing with our cards. Or, better, we should go to the cashier ourselves.


:regards: [SIZE="1"]3609[/SIZE]

[mbeige]

Some cards also have your image on them, to verify and compare your photograph with your driver's license for added verification. Whenever I use my card I always double check the image, as well as the information on it, just to make sure it's mine.

Thanks for the warning, that's a very good scam that most people can easily overlook. Definitely worth the read.

[puroy]

This only applies to US or abroad. Not sure if meron ng ganitong devices that reads the data from the card's magnetic media. If it does, it's very alarming. Be vigilant.

[puroy]

This only applies to US or abroad. Not sure if meron ng ganitong devices that reads the data from the card's magnetic media. If it does, it's very alarming. Be vigilant.

[theveed]

Puroy: CC Fraud here using such techniques are really high. If it can be done in big markets, it's even easier to scam in developing markets with lesser securities.

[theveed]

Puroy: CC Fraud here using such techniques are really high. If it can be done in big markets, it's even easier to scam in developing markets with lesser securities.

[uls]

yes CC fraud is easier and more rampant in developing countries...

Mas nauna natututo ng US and other advanced countries ang mga style ng CC fraud coz dun muna nag-ooperate mga scammer.

The advanced countries cope with the styles of scammers earlier than we do and they develop safeguards earlier.

Pag hindi na maaply ng mga scammers sa US, dito na-aaply sa developing countries.

late yata tayo ng 5 years sa security infrastructure.

so para sa mga scammer, walk in the park ang developing countries.

[pup2]

Dem, perps aren't even satisfied with shooting victims in the head anymore??

[diesoline]

Some cards also have your image on them, to verify and compare your photograph with your driver's license for added verification. Whenever I use my card I always double check the image, as well as the information on it, just to make sure it's mine.

i have an equitable credit card with my photo on it. now along comes BDO and buys up equitable lock, stock and barrel.

several billing periods ago, BDO cards sent me notice that they don't have any photo feature on the credit card that they will be issuing me this year. great!

positively jurassic, BDO!

[n2knee]

yung scenario #1 ay napa BS naman ang rason ng credit card company. hindi mo kailangan ireport na ninakaw yung card mo para may right kang mag complain ng fraud. tawagan lang nya yung fraud department at mag pa investigate. nangyari na sa akin yan. $15k ang bill. wala akong binayaran ni isang kusing (tatlong bwan akong nakipagbalikan sa credit card company). kontakin lang nya yung fraud department at magreklamo.