Credit Card Scam

August 14, 2009 at 2:25 am (Uncategorized) (, )

Credit Card Scam

Snopes.Com says this is true. To verify see this site:

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
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 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
The caller then says, ‘I need to verify you are in possession of your
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
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 issued20the 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, friends
and neighbors. By informing each other, we protect each other. Neighbors


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