BEWARE OF New Credit Card Scam

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  • #18858
    MulongoMulongo
    Participant

    New Credit Card Scam
    Snopes.com says this is true. To verify 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
    &Master Card 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: Caller:
    ‘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 ?’

    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 c aller 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, th e 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 m ade 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 cardDon’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 repe at 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, friends and neighbors. By
    informing each other, we protect each other.

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