Tuesday, December 15, 2009

Visa & Mastercard Scam


I thought the "bloggers" should know about the latest credit card scma.




> Fyi -


> > VISA/MasterCard FRAUD


> Just a heads up for everyone regarding the latest in Visa

> fraud. Royal Bank received this communication about the

> newest scam. This is happening in southern Alberta right now

> and moving.



> This one is pretty slick since they provide YOU with all

> the information, except the one piece they want..

> Note, the callers do not ask for your card number; they

> already have it.


> This information is worth reading. By understanding how the

> VISA & MasterCard telephone Credit Card Scam works,

> you'll be better prepared to protect yourself. One of

> our employees 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 Security and Fraud Department at VISA. My

> Badge number is 12460, 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 of

> bank). Did you purchase an Anti-Telemarketing 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 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 Number. 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, 'I need 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 part of your card

> number, the last 3 are the Security Numbers that verify you

> are the possessor of the card. These are the numbers you

> sometimes use to make Internet purchases to prove you have

> the card. The caller will ask you to read the last 3

> numbers to him. 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 minutes to ask a

> question. Are we were 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 charged to our card. We made a

> real fraud report and closed the VISA account. VISA is

> reissuing us a new number. What the scammers want 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 directly for verification of their

> conversation..



> 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

> too late and/or more difficult 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. I dealt

> with a similar situation this morning, with the caller

> telling me that $3,097 had been charged to my account for

> plane tickets to Spain , and so on through the above

> routine.



> It appears that this Is a very active scam, and evidently

> quite successful.


> Pass this on to all your family and friends


> Niki Laxamana

> Detective Constable (99739)

> Toronto Police Service Fraud Squad - Corporate Section


> 40 College Street, 3rd Floor

> Toronto, Ontario Canada M5G 2J3 B:

> (416) 808-7344 F: (416) 808-7302

Thanks David R.

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