Credit Card Fraud Redux 14 ! (1 Viewer)

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Larry

Nitro Member
Joined
Jul 10, 2006
Messages
1,372
Age
77
Location
HEART OF TEXAS !
Ok if you don't guard everything you will surely get ripped off if you live within 50 miles of a city. My house got ripped off again yesterday and yep alarm system goes in tomorrow.
Had some one home just about all the time till last summer and now have been broke into twice.
This time the PC and cameras and grand kids games went.

Thankfully they uncovered my Corvette in the garage but did not find the keys rolled up in a sock in my drawer.
I guess I finally bought an air compressor they would have to have a crane and a truck to take.
Here's the scams and I'm sure we have all done the same old stuff.
Mods looks like we need a separate category for threads about theft and fraud which seems to be rampant in the city's.
These were fwd to me today.



Subject: CREDIT CARD SCAMS



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 an d 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.
Larry again: Using a phone camera to take a picture of your credit card info.
They started with carbons then just wrote info down off credit card slip and now taking pictures.
Whats next????
A friend had her credit card stolen and it was used to pay an electric bill .
Guess what just because the bill was paid using the card is no evidence that the person who got their bill paid was actually the one who stole the card! Go Figure!
 
Religion does a lot of good things for me. I'll just share this one thought. As we sow, so shall we reap! Whether or not these low-lifes ever get caught, one day they will suffer the entire consequences of their deeds here in this mortal existence. That's an absolute guarantee.

For the record, even video surveillance doesn't stop them but it sure gives you lots to go on. I know, Buzzz's home was broken into and robbed blind but we know who the parties were and have nearly two hours of video well preserved for their collective convictions.
 
There are some things I learned the hard way... when I lived in Nevada I never knew when I would get home and have no furniture, door would be open when I got there, etc... I had a security gate that was 8ft from my front door that locked with a deadbolt... both could be open when I got home.

Some things I learned the easy way that I will share with you... I learned while working in the Payment Fraud group in my company.

1.) Never let your credit card out of your sight. Even at restaurants. And there is a little reader that is made specifically to store swiped numbers... the waiter or waitress can carry along all day or evening. It stores huge amounts of numbers.

2.) Pay for gas with cash instead of swiping your card at the pump... even if you take the receipt the store clerk can print a copy that includes your card number in many convenience stores.

3.) Don't give your number over wireless devices... cordless phones and cell phones or even laptop computers that you use a wireless card in. Cell phones and cordless phones are just another type of radio and we have all heard AM & FM broadcasts.

4.) Be aware of who is around you with a cell phone, many have camera or video capabilities.

5.) Many grandkids and children have no qualms about taking advantage of mom & dad or grandparents and unless family is willing to press civil charges against their precious little johnny who would never do something like that, it is not considered fraud.

6.) Know your friends well and don't assume that all acquaintances are honest, leaving your purse or wallet on the coffee table because there are people who just can't resist an open invitation to steal. Many companies will not consider a friend using a card as fraud unless you are willing to press civil charges.

7.) Don't shop at stores that insist that they need to see the entire card number on the receipt. They don't. It has already been processed.

8.) Cross cut shredders are a cheap investment to protect personal information. Include credit card offers in the shred pile even if you don't plan to use it.

9.) Don't drop mail containing personal information or checks into an unlocked mailbox.

10.) reconcile your credit card receipts and your bank account frequently, once a month may be too late to save yourself from alot of grief.

All that being said, I know I don't always practice what I preach... but I am alot more conscious of what I do and have cuts my credit cards down to two so that I can keep better track. This has had the added benefit of paying little to no interest and my savings account has grown by leaps.
 
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