Check card number stolen!!!!

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Redhook98

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Aug 28, 2008
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Don't ya just love it? I just got a call from my credit union asking me about a few charges. Turns out the charges are in NY, NY at a Staples. I checked my accounts and found out I was wiped out, and quite in the negative. Merry Christmas all!!!! :smt021
 
That sucks... and banks don't have to put the money back on a debit card...
 
There are all kinds of ways people can get this information. If it was a PIN based Debit transaction you were a victim of a skimmer. If it was run as a credit card signature based transaction, someone could have bought your number and had a card made or had a friend who agreed to enter it manually at the register.

Been a victim more than once. Luckily, Credit Unions and some banks are pretty good about getting the money back to you.
 
I have it setup that anything over $100 I get a call on my cell phone to verify it. :smt001

If I'm buying something over that. I'll call them and tell what store I'm buying at. :thumbsup:.

Its a pain in the a$$ at times but the CROOKS are not getting my money. :smt001
 
sfergson727 said:
I had that happen a couple weeks ago, someone somehow made a card with my number and spent $500 at some grocery stores in Florida. Fortunately the bank closed the card prior to contacting me, and limited the damage. Two days later, the money was back in my account. Really pisses me off that this occurs and apparently there is no way to prevent it from happening.
Click to expand...

Sorry, there was a sale on salsa and I used your card.
 
sfergson727 said:
I had that happen a couple weeks ago, someone somehow made a card with my number and spent $500 at some grocery stores in Florida. Fortunately the bank closed the card prior to contacting me, and limited the damage. Two days later, the money was back in my account. Really pisses me off that this occurs and apparently there is no way to prevent it from happening.
Click to expand...

To me, Credit Cards are proof that *most* people are decent.

There *ARE* ways to prevent credit card fraud. BUT they all involve a certain amount of hassle to the consumer. That discourages use of the cards.

SO. . rather than have strict security, and lose business, the card companies have NO security.. . . and cheerfully accept a few losses as an expense.

Most stores today don't have you sign a slip for low value purchases. I sign probably 25% of my purchases with something that looks more like "void" than my name. I once bought a $1000 GPS unit from BOE. . .while in France. . and had it shipped to a buddies house. . .

I had a fradulent purchase maybe once. . or twice. . both times the problem was straightened out in minutes.

The system seems to work.
 
Credit cards, which are often used for both online and phone transactions are not very secure. If the credit card companies were losing *significant* amounts of money. . then they would put in better controls to prevent fraud.
 
Sorry to hear.....I find myself worring about ID theft more & more. Like most people we hardly use cash anymore. We live in a rural area & do most of our purchases online anymore to save the drive to a larger town. I always try & make sure of a buisness website security but you can never be totally sure & I've often wondered just how long they keep your info after a purchase.

If you prove your card was stolen won't your bank or credit union refund the money? Seems like they should have some kinda protection plan for that situation.

Hope everything works out.
 
comsnark said:
To me, Credit Cards are proof that *most* people are decent.
SO. . rather than have strict security, and lose business, the card companies have NO security.. . . and cheerfully accept a few losses as an expense.
The system seems to work.
Click to expand...

comsnark said:
Credit cards, which are often used for both online and phone transactions are not very secure. If the credit card companies were losing *significant* amounts of money. . then they would put in better controls to prevent fraud.
Click to expand...
The number of cardholders affected is in the millions totaling billions of $$$ in the USA There is no free lunch...somebody has to pay, these fraudulent charges affect prices and interest rates, don'tcha think.
 
comsnark said:
Credit cards, which are often used for both online and phone transactions are not very secure. If the credit card companies were losing *significant* amounts of money. . then they would put in better controls to prevent fraud.
Click to expand...

I was going to leave this alone but I can't. First off, the first sentence only states an obvious fact and does not address the question. The second is just wrong. On two accounts. 1. credit card companys don't loose money. 2. "Better controls to prevent fraud" would cost much more that they would be worth. Before they could fully impliment an internationally functional protection system(months at least), Someone would already have a work around figured out. The ROI just isn't there.

Besides that, neither of them demonstrate how credit cards are proof that most people are decent.

I'm not trying to start anything. For some reason it just stuck in my mind.
 
On the back of my card(s) I mark with a Sharpie, SEE I.D. .

The cashiers usually don't ask for my I.D. but I do like the idea of having that on mine.
 
Kreole KId said:
On the back of my card(s) I mark with a Sharpie, SEE I.D. .

The cashiers usually don't ask for my I.D. but I do like the idea of having that on mine.
Click to expand...

That should be put on all cards.....by the bank....:thumbsup:
 
Note for what it's worth -

Most 'Check Cards' have the option to run the transaction through as a credit card where you must sign for the transaction at the point of sale. The company/store employee with usually ask the purchaser, 'credit or debit'? There is a reason why they ask you this. If the transaction goes through as debit, the company/store waves a typical 3% transaction fee (4% or 5%? for Amer. Exp - I forget exactly). Again, hence why the store gives you the option. As a consumer, you are offered much more protection by using the 'credit' feature vs. debit. In the event that something goes wrong, it is much easier to dispute when the 'credit transaction' is used on your debit card. Most banks typically (not all) will provide protection up to a certain limit for check cards. My bank has protection up to $25,000.

Doug
 
^== what do you mean the company/store waves a typical 3% fee?

In my experience, the company/store may save the CC fee, but they do not pass that savings on to the consumer. In general, except for some gas stations, the CASH price, the DEBIT price, and CREDIT price are all the same.
 
Basically I was trying to show that mechants push for debit transactions because they avoid the fee, but the consumer loses protection when they do as such.

Doug
 
douglee25 said:
Basically I was trying to show that mechants push for debit transactions because they avoid the fee, but the consumer loses protection when they do as such.

Doug
Click to expand...


I agree.....if you use a debit /credit card and they don't ask you credit or debit???

Watch out......They will put it in as debit to save them money..

That happened to me on a $200.00 Purchase, they took my card and never asked debit, or credit, till i had to TELL them credit..
you have to speak up in some circumstances otherwise its your less protective purchase, and there savings of the kick back ///
 
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