Interesting Day (Credit Card Fraud)

When my card co asked me. Are you sure you didn't make those charges?

Which i replied. If i did make them as you're implying. Could you explain how i used a Limo service in S.F 4x while the same day i was buying lunch (based on the amount) for my co-workers in N.Y AND ordering a laptop in Chicago?

OH i see that, yes you're right [facepalm]


IF Card companies actually had those who commit fraud arrested, instead of not holding you responsible for the charges. No matter the amount charged, the theft of you're i.d. would drop.

Last year, against my better judgement at the time, I used my CC at Bubba Chinos on West Colfax (warning sign #1) for lunch. The guy swiped it through a reader on an iPhone (warning sign #2) and at 11:00 pm that night I got a text alert from US Bank wondering if I was trying to buy$250 worth of fuel in Commerce City. Turned out there were a couple of small "feeler" purchases earlier in the evening as well to make sure the card data was valid.

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Originally Posted by .455_Hunter

The guy swiped it through a reader on an iPhone (warning sign #2)

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Many legitimate businesses are using moblile/tablet payments these days, so I'd hardly call that a warning sign.

Yes, it's becoming frequent. What surprised me this time was that someone was willing (I assume) to come to my home to get the laptop off the porch. That's putting someone (probably a runner and not the actual scammer) within arms reach.

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Originally Posted by Great-Kazoo

[snip]

IF Card companies actually had those who commit fraud arrested, instead of not holding you responsible for the charges. No matter the amount charged, the theft of you're i.d. would drop.

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The same card companies that send me two pre-filled applications a month in the mail? Just add bogus income info and a change of address and scammers are all set.

If they really wanted to stop this, they could. Lots of biz, legal and tech solutions. But we keep eating the cost and they keep making interest/transactions fees.

Just a reminder that there is an entire parallel economy out there of people who don't work but exist on the backs of others. Oh, and we buy their housing/healthcare/daycare/food too!

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Originally Posted by hurley842002

Many legitimate businesses are using moblile/tablet payments these days, so I'd hardly call that a warning sign.

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I guess it depends on your personal experience. With the vendors I typically patronize and can see the process, they all utilize traditional countertop terminals.

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Originally Posted by .455_Hunter

I guess it depends on your personal experience. With the vendors I typically patronize and can see the process, they all utilize traditional countertop terminals.

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I see you are in the mountains West of Boulder, that might explain things (non derogatory). Here in the metro area, I see them all the time, and frequent at least three different businesses that use ipads, and I believe square is the program they use.

Quote:

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Originally Posted by hurley842002

Many legitimate businesses are using moblile/tablet payments these days, so I'd hardly call that a warning sign.

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I've never seen a issue around this... I personally like this, because the card doesn't leave your sight- if your waiter/waitress takes your card away, they could swipe it in a "skimmer" while they have it out of your sight- which is what I believe happened the only time I've ever had a CC unauthorized charge... new restaurant (not just new to me, they just opened), then early next morning I get a text for a charge at sportmansguide.com I contacted CC company and they handled it... I was able to use info I got from the CC company to get into the Sportsman's account they created (prodded a little, they "aren't suppose to share except with law enforcement"- and they were shipping it to a (presumably vacant) house in Littleton.

I contacted the restaurant to let them know they need to look at their card handling procedures, since the only time I've ever had CC fraud was hours after patronizing their restaurant... and don't be surprised if there is a and issue getting payment, since the card had to be cancelled as a result of this (that got their attention).

Those of you experiencing frequent fraud, I would look into what financial institutions and places you are charging- maybe this is just much more common in large cities.... my mother-in-law was hit several times in a year, turns out it was her oldest son's girlfriend copying down her info.

What about skimming RFID chip info while the card is still on one's person?

I've had my share of CC fraud and it's always been taking care of easily. Last Nov I had a case of check fraud where someone actually made checks in Florida and tried to deposit 4 different checks in the $710-730 range at a Bank of America. They had my old address on the checks and the check number was way off. B of A called me to let me know. I had to cancel my 1stbank acct that I had for 15 years. That was a bit of a pain, but they took care of the $2100+.

This is why I pay CASH for 99% my local purchases. If you are regularly using your Debit or Credit card for daily purchases under $100 then you are asking for trouble. Swiping a card is convenient until your info gets stolen and you have to deal with fraudulent charges, canceled cards, and reissued cards.

At a minimum only use your card at retailers that use the chip verification process. I know that many retailers are still not using the chip verification process and force you to swipe. For those establishments pay with cash to ensure that you don't get taken for a ride.

Given how much these credit card companies and banks lose on these fraudulent charges I am shocked that there isn't more effort put into tracking down these thieves.