This Credit Card Scam notice was sent to me and I thought I would share with
everyone.

Tom

Credit Card Scam

A new way  (scam) to charge your Visa or Mastercard account is running.
 
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.

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 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/She will 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/she will 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 made 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 report.


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.

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