How To Prevent The Newest Credit Card Scam

The fraud works like this: Person calling says, This is (name), and I am calling from the Security and Fraud Department at VISA. Be taught more on partner site by browsing our dynamite article directory.

My Badge number is 12457. Your card has been flagged for a unique purchase design, and...

That fraud begins with a phone call usually your own house. The callers don't request your card number, they have it. By understanding how the VISA & MasterCard Telephone Credit Card Scam works, you will be more prepared to protect your self or team. My co-worker discovered internet paycation compensation by searching Yahoo.

The scam works like this: Person calling says, This is (name), and I am calling from the Security and Fraud Department at VISA.

My Badge number is 12457. Your card has been flagged for an unusual purchase sample, and I am calling to examine. This might be in your VISA card that has been given by (name of bank). Did you acquire an Device for $497.99 from the

Marketing company based in Arizona?

When you say No, the owner continues with, Then we will be providing a credit back. It is a organization we've been seeing and the charges vary from $297 to $497, just under the $500 buy pattern that flags most cards. For a second viewpoint, please have a peep at: via. Before the next statement, the credit will be sent to (gives your address) to you, is that correct?

You say yes. The caller continues - I will soon be starting a Fraud research. To get different interpretations, please check-out: paycation review. If you've any questions, you should call the 1-800 number listed on the back of one's card and request Security.

You'll need to reference this Control Number. The caller then gives a 6 digit number to you. Do you'll need me to read it again?

Here's the CRUCIAL part how the scam works. The owner then says, I need to confirm you're in control of your card. He will request you to turn your card over and search for some numbers. There are 7 numbers; the first 4 are part of your card amount, the next 3 are the CVV numbers that confirm you are the owner of the card.

They are the numbers you sometimes use to make Internet purchases to prove you've the card. The owner will ask the 3 numbers to be read by you to him. After you tell the caller the 3 figures, he will say, That is right, I recently needed to confirm that the card hasn't been misplaced or stolen, and that you still have your card.

Are you experiencing any questions? After you say No, the owner then thanks you and states, Do not hesitate to call back if you do. and hangs up.

You actually say very little, and they never require or tell the Card number to you.

What the scammers need is the 3-digit PIN quantity on the back of the card. Don't give it to them. Rather, inform them you'll call VISA or Master card right for evidence of the talk.

Your credit card company will never ask for anything on the card as they already know the information since the card was issued by them! You think you're finding a credit, if you give your 3 Digit PIN Number to the scammers. However, by enough time you get your statement you'll see costs for purchases you did not make, and by then it's almost too late or maybe more difficult to truly file a fraud statement..

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