Credit Card Fraud??

[baseballfanz]

As a retailer I do check and double check all credit card transactions. I know if it end up fraud I don't loose money but it's a big hassle to deal with
paper work ect.... Sometimes they hold that amount till "investigation" is clear. That's money I could be using to better my business.
Even debit cards with PIN they can get your infos with a "skimmer". They'll actually install a skimmer over a legit ATM that take your info and PIN.
They have machine to make duplicates of your card. There was a situation here at a local mall where someone came and actually put a whole ATM machine in the food court.
Once you put your card in and inter PIN it just give you a message that transaction didn't work but the little laptop inside took your card info and PIN.
I don't use debit card period

Restaurants is another spot with lots of fraud involved, maybe not the owner but the waiter/waitress will use a little skimmer to take your infos.
There's people who pay good money for that infos.

[sharkey]

My mom actually called me yesterday asking what to do about $400 that just got spent in Africa??? The card company called her to report fraud and the card got put on hold...no money back yet but shes expecting it soon.... my question: how do people in africa have internet?? all the tv shows show starving children.

alright that may have been over the top....

[baseballfanz]

It would be funny if someone got their cc "fraud" and a Stillen supercharger or some headers was bought or something like that.
Well maybe not so funny.

[Shane06fl]

Originally Posted by sharkey

my question: how do people in africa have internet?? all the tv shows show starving children.

alright that may have been over the top....

There is plenty of technology on the continent of Africa. Even still hackers will bounce IP # around the globe. The POS thief could be your Mom's neighbor. If you run a firewall that logs IP #'s you can see where the hack is coming from. You might be surprised at how the IP tracker will follow a hacker around the globe.

[spoonman]

Got taken for charges in France one time. I remember something that CHASE told me, not sure if its 100% true, but they told me generally, if the charges are international then more than likely the card info was stolen somewhere online, since the hackers/stealers collect it and then sell it to other hackers overseas. If the charges are in the US, then it might have been taken by a skimmer. But I think it was just some line fed "facts" they have in a script.

[fish]

does not have to be anything too high tech like hacking, just a simple skimmer and your credit card is available for purchase. easy example, bad guy hooks up with a waitress in a restaurant. gives waitress a little skimmer she keeps in her apron. as customers come pay for food, she swipes the mag strip through the skimmer which reads the info on the mag strip. returns your card to you after charging you for your bill. after 10, 20 ...whatever number of swipes, she calls bad guy, bad guy gives her $50-100, she returns the skimmer to him. he either uses the info for his own purchases by remagnatising a blank card with your info, or sells the info on the internet for around $10-20 bucks each.

bottom line, if it has not happened to you yet, it probably will at some point if you use a credit card, whether it is on the internet or in hand to hand transactions, it can happen to anyone.

[HoneyB]

Instead of signing my business cards, I wrote "Check ID!" It works, more times than not. (I am aware that cards are not valid unless signed!)

[madrock]

Someone from Texas hacked my PayPal account a couple months ago and transferred $600 to a fake PayPal. It took about a week for me to get the money back. My checking account got blacklisted by PayPal.

Another time, I had collection agency call to say I owed $580 for an AT&T cell phone account (I have AT&T). They had my name spelled wrong so I figured they were trying to scam me. I pulled a credit report but nothing negative showed. I didn't pay much attention to them until my sister called me about a month later saying the collection agency called her asking about my whereabouts. I had enough and called them. It turns out someone in Washington DC stole my identity, opened an account (misspelled my name), ran up charges and didn't pay. I worked with AT&T (they hassled me like it was my actual account that was late), and we ended up getting it written off as fraud.

[yscty]

Didn't have time to read all the responses but yes call your bank and dispute the charge, it's called a Reg E dispute for unauthorized charges. It may take your bank a bit to investigate this but they still should be able to issue you a provisional credit until they wrap up the case.......

Transmitted From Mars By Way Of Galaxy S2 Epic 4G While Sleeping

[smon]

I had someone buy a bunch of stuff online with my Capital One card. Capital One called me and said the address didn't match, they shutdown the card, and overnighted me a new one. The money was back in my account before I even knew it was gone. It was the best customer support I have ever seen.

[baseballfanz]

Originally Posted by smon

I had someone buy a bunch of stuff online with my Capital One card. Capital One called me and said the address didn't match, they shutdown the card, and overnighted me a new one. The money was back in my account before I even knew it was gone. It was the best customer support I have ever seen.

Same here, Capital One was pretty quick to shut down my card when they detected fraud on my account. Someone got a hold of my account, a card I haven't used for about 8 months. They made a few small online purchase for $10-$20, those went through them they tried a big purchase that got denied.


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[tarheelmatthew1]

Originally Posted by HoneyB

Instead of signing my business cards, I wrote "Check ID!" It works, more times than not. (I am aware that cards are not valid unless signed!)

Thats what I do with my card. Learned that on my finance class and my dad asked why? And got mad about it. Two weeks later he lost his card one night we went out drinking and had a $300 bar tab from a different bar downtown. Karma

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