StockFetcher Forums · General Discussion · Credit Card Scam<< >>Post Follow-up
11,571 posts
msg #58967
Ignore johnpaulca
1/14/2008 12:42:30 PM

I received this from a friend today.

This one is pretty slick since they provide Y O U 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 "MasterCard".

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 497.99 from a Marketing company based

in London?" 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 0800

number listed on the back of your card (0800-VISA) and ask for


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 MasterCard 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


What makes this more remarkable is that on Thursday, I got a call

from a "Jason Richardson of MasterCard" 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.

485 posts
msg #58985
Ignore guru_trader
1/14/2008 10:35:01 PM

So, what you do is ... tell them the wrong 3-digit number and see if they confirm the wrong number ... busted!

1,373 posts
msg #59008
Ignore EWZuber
1/15/2008 4:43:13 PM

I had one CC scammer cal me and SHE was using a pitch shift device on her voice to make her sound like a guy with a really deep voice.
She blew it though when at a single inflection of her voice dropped below even the lowest register of any male voice. Having used these pitch shifters in making comedy bits for a radio show, I recognized what was happening.
When all that failed to get me to give her my number then she left the line as a man and came back as herself to try the sexy pursuasion.

StockFetcher Forums · General Discussion · Credit Card Scam<< >>Post Follow-up

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