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Visa / Mastercard Scam - WARNING

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  • Visa / Mastercard Scam - WARNING

    I have personally checked this out at Snopes and it is true


    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: 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 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 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.

  • #2
    Re: Visa / Mastercard Scam - WARNING

    If anyone calls us, even from a credit card company we refuse to talk to them. We only speak to them if we are the ones who called them. Too many scams for too many years and this is the rule of thumb we were told to follow by a credit card company. You should never call a number they offer, only the number on the back of the card.
    Last edited by SouthernCookn; 11-19-2008, 04:41 PM.

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    • #3
      Re: Visa / Mastercard Scam - WARNING

      Good rule of thumb to follow SouthernCookn

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      • #4
        Re: Visa / Mastercard Scam - WARNING

        Thanks for the heads up. I have been getting an 800# calls me twice a day and have not answered, I will tell DH about it too.

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        • #5
          Re: Visa / Mastercard Scam - WARNING

          it is amazing people still fall for scams like this.
          I just hold on tighter, to a hand that's stronger...he knows my every thought, he clears my weary heart, and hold's on tighter...

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          • #6
            Re: Visa / Mastercard Scam - WARNING

            This is the FIRST time I've ever had caller ID... I don't answer the calls that come from 800, 888, 866, etc. numbers. What POWER I have!!
            "What fresh hell is this?" Dorothy Parker

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            • #7
              Re: Visa / Mastercard Scam - WARNING

              Thanks for the heads-up! We've been getting lots of those 800 etc numbers on our phone too, and these ones come up too from time to time 123-456-7890 000-000-0000
              A balanced diet is a cookie in both hands

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              • #8
                Re: Visa / Mastercard Scam - WARNING

                Something like this happened to my Father in law last week! He called the police and they said that with the economy like it is...there is going to be alot of scams going on during the holidays.

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                • #9
                  Re: Visa / Mastercard Scam - WARNING

                  Has anyone gotten one of these calls and tried giving them the wrong three numbers? Seems like that would screw them up totally.
                  Thank God for what you have.
                  Trust God for what you need.
                  Live well, laugh often, love much!!!

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