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Visa/Mastercard Fraud

March 9th, 2009, 02:08 PM
Received an email and I have checked it out on Snopes:

> >
> >
> >
> >Just a heads up for everyone regarding the latest in Visa fraud. Royal Bank
> >of Canada 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.

March 9th, 2009, 02:44 PM
Thank you very much. I hate scammers :wall: its nothing but a pain in the neck when they get you and trying to clear your credit rating! :yell:

March 10th, 2009, 12:12 PM
Thanks for the heads-up...I forwarded this to everyone I know. :frustrated: they seem to come up with these ideas faster and faster!

March 10th, 2009, 06:12 PM
Ironically I got a call today from RBC Visa security. I told the guy I would call back. So I called the number on the back of the card and it turned out it was legit! Its good tho that I was cautious