Latest Credit Card Scam  

mygmyg 59M
483 posts
8/13/2005 7:22 am

Last Read:
3/5/2006 9:27 pm

Latest Credit Card Scam

Hi - never sure how seriously to take these things, but probably not a bad idea to read through.

WARNING...New Credit Card Scam.

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.

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 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 next 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 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 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.

Long sto! ry made short - 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 to 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
ins! tructed 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 family and friends. By informing each other,
we protect each other.

DirtyLilSecret61 55F

8/13/2005 10:35 am

I'd not heard of this method ... thank you for the head's up.


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