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Thursday, August 31, 2006

Credit Card Scam

Fellow Bloggers,
I received this email from a friend of mine on yet another Credit Card Scam. . .It is so unusual that I thought it needed to be shared. . .

New Credit Card Scam ...

See this site - Snopes.com says this is true.

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 "Master Card".

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

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 story - 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 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 Master Card" 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 family and friends. By informing each
other, we protect each other.


At 7:43 PM, Blogger SongBird said...

Thanks for sharing this.

At 8:37 PM, Blogger Shauna said...

If it helps one person it's worth it. . .

At 10:23 PM, Blogger willowtree said...

I worked for a bank and the rule is, never give any detail unless you initiated the call.

Because as you say, the bank already has all the info, you just have to give it to them to establish its really you making the call.

At 4:23 AM, Blogger Shauna said...

Thanks Willowtree

At 6:29 AM, Blogger Swampwitch said...

Thank you so much...When I respond to my posts today, I will send readers here (even though I haven't gotten the link thing down yet, but with WillowTree's continued assistance, will Git-R-Done soon)so they can read this. You are just a wealth of useful info...yesterday I learned about GLOB day from your GLOB...hope to read previous stories on your GLOB sometime later today...

At 6:53 AM, Blogger Shauna said...

Thanks swampwitch! Maybe we can learn this stuff together. . .I have to copy a link every time from a previous post so that I remember what to do - LOL

I'm not much of a writer. Julie, Willowtree, Pamela, Silly Hilly, Songbird, Karmyn R, etc. - are much more interesting - hope you don't get bored. . .

At 10:30 AM, Blogger Silly Hily said...

Oh stop it, you're making me blush. :-)

Thanks for sharing this.

At 2:27 PM, Blogger Shauna said...

I do enjoy your blog Silly!

At 5:08 PM, Blogger Swampwitch said...

I think if what you write is important to you, that's all that counts...we all have the choice to read or not to read...that has a familiar ring to it...keep it up and I appreciate your support.

At 10:48 PM, Blogger Pamela said...

There are so many scams - there is now one because the IRS is outsourcing it's collection to private organiztions.

So If you get an IRS letter saying you owe back taxes.. be aware of that one too

At 5:30 AM, Blogger Shauna said...

Thank you Swampwitch for your support. . .

There are a bunch of scams Pamela. . .Guess we really can't call the people that are sacam artists dumb because they outsmart a lot of folks. . .But they need to get a life and quit ripping off the working public!


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