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Credit Card scam

Discussion in 'The Lounge' started by JBJ, Dec 2, 2004.

  1. JBJ

    JBJ

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    >VISA & MASTERCARD Telephone Credit Card Scam
    >
    >
    >
    > This information is worth reading. By understanding how the VISA &
    >
    > Mastercard Telephone Credit Card Scam works, you'll be better prepared
    >
    > to protect yourself. Thanks to Dr. Pat Cloney for passing this on.
    >
    > Those con artists get more creative every day.
    >
    >
    >
    > My husband was called on Wednesday from "VISA", and I was called on
    >
    > Thursday from "MasterCard". The scam works like this:
    >
    >
    >
    > Person calling says, "this is <name>, and I'm calling from the
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    > Security and Fraud Department at VISA. My Badge number is 12460.
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    > Your card has been flagged for an unusual purchase pattern, and I'm
    >
    > calling to verify. This would be on your VISA card which was issued
    >
    > by <name> bank. Did you purchase an Anti-Telemarke ting Device for
    >
    > $497.99 from a marketing company based in Arizona?"
    >
    >
    >
    > When you say "No", the caller continues with, "Then we will be issuing
    >
    > a credit to your account. This is a company we have been watching and
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    > the charges range from $297 to $497, just under the $500 purchase
    >
    > pattern that flags most cards. Before your next statement, the credit
    >
    > will be sent to (gives you your address), is that correct?"
    >
    >
    >
    > You say "yes". The caller continues... "I will be starting a Fraud
    >
    > investigation. If you have any questions, you should call the 1-800
    >
    > number listed on the back of your card (1-800-VISA) and ask for
    >
    > Security. You will need to refer to this Control #"
    >
    > The caller then gives you a 6 digit number. "Do you need me to read
    >
    > it again?"
    >
    >
    >
    > Here's the IMPORTANT part on how the scam works. The caller then
    >
    > says, "he needs to verify you are in possession of your card".
    >
    > He'll ask you to "turn your card over and look for some numbers.
    >
    > There are 7 numbers; the first 4 are your card number, the next 3 are
    >
    > the 'Security Numbers' that verify you are in possession of the
    >
    > card. These are the numbers you use to make Internet purchases
    >
    > to prove you have the card. Read me the 3 numbers". After you tell
    >
    > the caller the 3 numbers, he'll say ,"That is correct. I just needed
    >
    > to verify that the card has not been lost or stolen, and that you
    >
    > still have your card. Do you have any other questions?"
    >
    > After you say No, the caller then Thanks you and states, "Don't
    >
    > hesitate to call back if you do", and hangs up.
    >
    >
    >
    > You actually say very little, and they never ask for or tell you the
    >
    > card number. But after we were called on Wednesday, we called back
    >
    > within 20 minute s to ask a question. Are we glad we did! The REAL
    >
    > VISA Security Department told us it was a scam and in the last
    >
    > 15 minutes a new purchase of $497.99 was charge on on our card.
    >
    >
    >
    > Long story made short, we made a real fraud report and closed the VISA
    >
    > card, and they are reissuing us a new number. What the scammers wants
    >
    > is the 3-digit PIN number on the back of the card.
    >
    > Don't give it to them. Instead, tell them you'll call VISA or Master
    >
    > card direct. The real VISA told us that they will never ask for
    >
    > anything on the card as they already know the information since
    >
    > they issued the card! If you give the scammers your 3 Digit PIN
    >
    > Number, you think you're receiving a credit. However, by the time you
    >
    > get your statement, you'll see charges for purchases you didn't make,
    >
    > and by then it's almost to late and/or harder to actually file a fraud
    >
    > report.
    >
    >
    >
    > What makes this more remarkable is that on Thursday, I got a call from
    >
    > a "Jason Richardson of MasterCard" with a word-for-word repeat of the
    >
    > VISA scam. This time I didn't let him finish. I hung up!
    >
    > We filed a police report, as instructed by VISA. The police said
    >
    > they are taking several of these reports daily! They also urged us to
    >
    > tell everybody we know that this scam is happening.
    >
    >
    >
    > Please pass this on to all your friends. By informing each other, we
    >
    > protect each other.
     
  2. Ken

    Ken KLN

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    thanks for the info always something new
     

  3. Thanks JBJ for the heads up. I don't think I would have fallen for that one as I am usually on my toes but it never hurts to be even more cautious. That call scenario is very believable as it sounds similar to one that I received from Visa (Cabela's issued card) that was checking for unusual activity. It turned out that the purchases were all made by us but the locations that they were made raised suspicion. We had Ohio purchases one week, I bought some tools from a travelling tool distributor based in like Illinois. Then we headed on vacation a to Canada by way of Michigan and made purchases in each area. This "travelling" credit card raised suspicion in their system and prompted the call. We were able to validate the purchases and the customer service person asked no more information than purchase verification. I thanked them for keeping an eye on things and that was that. So I guess I am mentioning this so that people are aware that this can be a valid call as well. But like JBJ's advice says, do NOT give out any information to that can be deemed private or secure.
     
  4. Lewzer

    Lewzer Powderfinger

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    I ordered something from three different internet sites 2 months ago and none asked for the verification number.:confused:
    Can't the police just go to where the merchandise is sent and go from there?
     
  5. mrfishohio

    mrfishohio Recovering Fishaholic

    I don't think there's any merchandise involved Lewser, I think it's just a sales record cashed in by a bogus company.
     
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