Visa and Mastercard scams......BEWARE!!

@Katlady2 (9920)
United States
March 11, 2007 6:20pm CST
This was sent to me by a good friend. I have actually had people call me with this scam, and I have tried to ask them questions, only to be hung up on. Please read this...it's very informative. New Credit Card Scam .. Snopes.com says this is true. See this site - http://www.snopes.com/crime/warnings/creditcard.asp 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 $497.9 9 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 thisControl Number. The caller then gives you a 6 digit nu mber. "D o 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 hav e any other questions?" After you say No, the caller then thanks you and sates, "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.
4 people like this
7 responses
@blackbriar (9080)
• United States
20 Mar 07
I'm subscribed to snopes.com so I already knew about this. Thankfully, noone ever called me but then, my number isn't listed so they can't call me or I would be asking them questions on how they got my phone number. P.S.- I tried approving your friend request but mylot isn't letting me right now. Soon as mylot is acting right for me again, I'll approve ya. Thanks for adding me, Kat. :-)
1 person likes this
@Katlady2 (9920)
• United States
20 Mar 07
I'm glad they can't call you...it's very annoying and nerveracking when they do. I'll try resending the friend request and see if that works. Thanks hon.
@weemam (13377)
19 Mar 07
Thank for that pal . The thing is that I used to trust everyone , Hubby was always telling me off for being too trusting as I thought no one would ever do things like this , but since joining the Internet and especially My Lot I have realised he has been right , and with good friends like you and discussions like this I am getting wiser every day xx
@Katlady2 (9920)
• United States
19 Mar 07
I used to be way too trusting myself, until someone hit my paypal account to where I had to pay over $600.00 because the problem never could be resolved. Like you, thanks to good friends and Mylot, things have gotten much better. You're the best hon.
@gabs8513 (48715)
• United Kingdom
12 Mar 07
Hi there Kat. I have heard something about this but here in the UK we where warned that it is to do with Bank Cards. Thank you for this Information though at least I know now what they ask for as I was not told how they do it.
1 person likes this
@Katlady2 (9920)
• United States
12 Mar 07
It's pretty unnerving getting one of their phone calls. But they definitely don't like being questioned.
@CatEyes (2449)
• United States
12 Mar 07
Thank you very much for the warning. I have been hearing about these type of things happening latley. Must be a new crime waive. I hate it when these crimenals have the gall to go this far.
1 person likes this
@Katlady2 (9920)
• United States
12 Mar 07
You're not the only one. Thanks for replying.
@albert2412 (1782)
• United States
12 Mar 07
Anywhere that there is money you find crooks. They often are very smart. You would think that anyone that smart could make a lot of money honestly without having to steal for it. I guess that most of them arew just lazy. I am always careful who I give my personal information to.
1 person likes this
@Katlady2 (9920)
• United States
12 Mar 07
Same here. You just never know anymore. Thanks hon.
@Acts238girl (2088)
• United States
11 Mar 07
thanks for the information.i am very sorry this happened to you.i was scammed not to long ago.i had put my wedding dress on our local online trader and someone sent me a counterfeit check and said they wanted to purchase my dress.long story short i tried to cash it and just about got in trouble.thank God i had saved all my emails from this person and was able to print them.i had to show these emails to the manager at the bank that way i didn't get in any kind of trouble.its a shame people spend their time trying to rip people off.
@Katlady2 (9920)
• United States
12 Mar 07
You were definitely thinking along the right lines saving all those emails. I'm sorry that happened to you, and I'm glad you didn't get into trouble because of it.
@lilaclady (28240)
• Australia
11 Mar 07
Gee they are cunning, I guess the best way is to always ask them for a number you can call them back on, these people would do better by going out and getting a proper job....
@Katlady2 (9920)
• United States
12 Mar 07
That's what I was thinking...then they wouldn't have to worry about getting caught! Thanks.