Allstocks.com's Bulletin Board: Pin numbers are being stolen from debit purchases!

my profile login | register | search | faq | forum home

»	Allstocks.com's Bulletin Board » Off-Topic Post, Non Stock Talk » Pin numbers are being stolen from debit purchases!

UBBFriend: Email this page to someone!

Author

Topic: Pin numbers are being stolen from debit purchases!

Dustoff 1
Member

Rate Member

posted

Big time Heads up!

Merchants store your Pin mumber, they are being stolen....You can be liable for the full loss.!!!

What a mess...Check your bank accounts TODAY!

Credit cards give us some security in a theft...
But if you are not dilligent you can be liable on your debit account.

The merchants store our Pin numbers...Crimanals are having a Gold Rush type Klondike!!!!

Posts: 10729 | From: oregon | Registered: Feb 2005 | IP: Logged |

bond006
Member

Member Rated:

posted

Thats is sure nice just another reason to go through life checking everything two and three times. Which turns a 30 secound purchase into a 1 hr ordeal. And then everybody wonders how you spend your damn time all day.

Posts: 6008 | From: phoenix az | Registered: Mar 2005 | IP: Logged |

Ramius
Member

Rate Member

posted

Merchants store your pin number? Is there any documentation on this?

Posts: 722 | From: Richmond, Va , USA | Registered: Mar 2004 | IP: Logged |

Dustoff 1
Member

Rate Member

posted

Yes! Visa is giving the merchants fines right now!

My Banker told me to hit the credit button on the credit/debit machine..Even when using the debit card..Then sign for it, instead of putting in your pin...

Banks are PO'D that this has happened and I was told the memo is in the banks right now, concerning the problem...

Posts: 10729 | From: oregon | Registered: Feb 2005 | IP: Logged |

T e x
Member

posted

happened to me a coupla years ago--sometimes crooks take jobs in restaurants etc in order to swipe your number.

I almost always choose credit over debit

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

Posts: 21062 | From: Fort Worth | Registered: Apr 2005 | IP: Logged |

Dustoff 1
Member

Rate Member

posted

Google settles for $90,000,000.00 in Click Fraud suit....Tip of the iceberg?

Posts: 10729 | From: oregon | Registered: Feb 2005 | IP: Logged |

Dustoff 1
Member

Rate Member

posted

So far 200,000 pins stolen from merchant software.....'Don't know if that is from one central theft...

How much is being reported is another story...The Banks do not like this kind of info available to the general public..

Visa is on the ground floor now, trying to get to the bottom of it..Source: My Banker.

Google has the Click fraud brewing, and those in the know are saying the problem got by there security systems and is probably a huge problem..

Source: CNBC News.

Posts: 10729 | From: oregon | Registered: Feb 2005 | IP: Logged |

AgentGPF
Member

posted

This is bad news for merchants because they I do believe not receive as much on the transaction when its billed as a credit card. This is why they ask you credit or debit so much, they want you to use debit.

Mastercard and Visa were in court around a year ago with Wallmart and I think one other large player, Visa settled quickly out of court but Mastercard kept pushing their rates. Almost immediately after the settlement my bank switched to Visa debit cards.

--------------------
Well done is better than well said. Ben Franklin

Posts: 718 | From: Bay Area, CA | Registered: Aug 2005 | IP: Logged |

Printer-friendly view of this topic