Posted on: 22-10-09 09:13:17
Quote:
Originally posted by sudesingh
Quote:
Originally posted by dimple2001
I never lost the card itself. So, I am intrigued as to how someone was able to use my account to charge - twice at the same gas station, once at a walmart, once at a car wash and another at a gas station, all in a 5 day period.
This happens a lot at the smaller merchants or gas stations. They swipe your card twice, once for the genuine transactions and the second time to capture your card information. Once they have the card info, the same is written onto a blank card, and viola... you have a duplicate card.
Most banks have sofisticated systems to monitor such activity, and block the card even before you realize what's happening. Sometimes they call you right away to confirm. It's a good thing that the bank caught the suspicious activity.
Have you heard of chip card, or contactless cards, well that's the new RFID technology that most banks have embraced, to counter fraud. With contactless cards, all the reader does is read the RFID chip on your card, that way you are not handing over the card to the vendor. Besides the encryption on these cards is very strong.
Europe introduced chip cards atleast 10-12 years ago, where as Canada has just started a year or 2 ago. Chip cards will certainly reduce fraud.
Sorry if I digressed...
I personaly believe CHIP and PIN card are very safe than swipe one. We used to use that while there. In swipe type card nobody bother to match sign
Yep, the bank credited in a day.
Quote:
Originally posted by rajcanada
Receipts do not usually have full credit card numbers printed on them. Chip cards can be a success when all the merchants switch to chip terminals and stop swiping the cards.
JRF, has the bank credited the money back to your account or is it under investigation.
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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM
It happened to me also ..... the bank found it out and blocked the credit card ... found that at a gas station .... Took around 20 days for the bank to credit me the account ... I closed the account and the credit card with them as I was getting a better credit card Scotia Momentum ... also it is a chip card ...
I suspect in my case the information was collected at pub which I rarely visit (had gone for lunch with office colleagues ) ... The waiteress had collected all the cards ... and went inside .... But thats just a suspicion ..
Ever since I have become particular not to hand my card to the vendor but to my surprise even at places like Walmart , the cashier insists on swiping it -
I wonder if we can insist on swiping our credit card ourselves ??
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Fido.
Quote:
Originally posted by Fido
Ever since I have become particular not to hand my card to the vendor but to my surprise even at places like Walmart , the cashier insists on swiping it -
I wonder if we can insist on swiping our credit card ourselves ??
What difference will it make if you swipe the card? They can always tell you to swipe it again (Assuming they are using the trick to swipe it again to hack information)
You are right, I also tried many times but they insist taking card from you. I have noticed they ask for the card to check expiry date and sometime match sign.
Quote:
Originally posted by sudesingh
Quote:
Originally posted by dimple2001
I never lost the card itself. So, I am intrigued as to how someone was able to use my account to charge - twice at the same gas station, once at a walmart, once at a car wash and another at a gas station, all in a 5 day period.
Have you heard of chip card, or contactless cards, well that's the new RFID technology that most banks have embraced, to counter fraud. With contactless cards, all the reader does is read the RFID chip on your card, that way you are not handing over the card to the vendor. Besides the encryption on these cards is very strong.
Sorry if I digressed...
What extra security (Other than PIN) the chip card provides? Even if the encryption is strong and it is not using unsymmetrical keys(I don't think so) then how to avoid 'Man in the middle attacks'?
PIN in itself is a good security .
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Fido.
Quote:
Originally posted by frnd
What difference will it make if you swipe the card? They can always tell you to swipe it again (Assuming they are using the trick to swipe it again to hack information)
From what I have read and heard, is the merchant swipes the card in 2 different machines. One is the genuine one for your transaction and the 2nd is the fake one just to collect the info from the mag stripe.
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SS
Reiki Grand Master
