Alert: Credit Card Fraud and Debit Card Scams
8 Reasons to Worry About Debit Cards
Reports of debit card fraud have rocked Michaels, a national chain of arts- and-crafts stores, after the company reported it had discovered tampering with the card-reading equipment at stores in 20 states. The massive security breach put the spotlight on the safety of debit cards, one of the most popular ways in America to spend money.
BBB, DPS Warn of MoneyPak Scams
The Better Business Bureau of Minnesota and North Dakota (BBB) and the Minnesota Department of Public Safety's (DPS) Alcohol and Gambling Enforcement Division (AGED) are warning consumers that online thieves have found a new method of siphoning cash from them: Green Dot MoneyPaks. MoneyPaks, which are sold in stores throughout the U.S., are reloadable debit cards normally used to make same-day payments or add money to prepaid cards or PayPal accounts.
BBB Warns Consumers of Robocalls Promising to Lower Their Credit Card Interest Rate
Consumers are sounding off about incessant automated telemarketing calls promising to lower interest rates on their credit cards. Not only are the calls a nuisance and violate U.S. and Canadian Do-Not-Call laws, but some companies behind the calls are ripping off consumers by charging large up-front fees to negotiate lower interest rates with credit card companies -- something consumers can do on their own for free.
Consumers Hit With Mysterious Charges from Online Store
An online business that appears to sell recreational products has been the subject of a recent rash of complaints to the Better Business Bureau Serving Denver/Boulder. The Web site is http://rushaction.co -- (not .com but .co).
Debt-Relief Firms Attract Complaints
As the economy weakens, a growing number of consumers are paying big money for services from debt-settlement companies that purport to help them settle their debts for a fraction of what they owe. Customers can end up wishing they hadn't sought such help.
FTC Warns Against Credit Card Interest Rate Reduction Scams
U.S. consumers are being inundated with prerecorded 'robocalls' from companies claiming they can negotiate lower credit card interest rates - for a fee. The Federal Trade Commission urges extreme skepticism about these offers, because many of them are fraudulent.
Michael's Stores - Thieves Swipe Debit Card Data
Thieves tampered with the retailer's debit-card processing equipment at about 80 stores from Massachusetts to Washington. The thefts apparently involved the use of electronic devices called skimmers that allowed crooks to record information from shoppers' debit cards and steal their personal identification numbers, or PINs.
Scammers Offering Cheap Home Exercise Equipment - Don't Buy It!
The Better Business Bureau of Minnesota and North Dakota is hearing from consumers who have lost money on offers they found on Craigslist advertising home exercise equipment at 50% off in some cases. They say that after paying for their exercise equipment with Green Dot MoneyPak gift cards, the merchandise they ordered was not delivered and the scammers dropped out of contact.
Sticky ATM Keypad May Mean Trouble
In this con, thieves glue down certain ATM buttons 'enter,' 'cancel' and 'clear' to prevent you from completing a transaction after inserting a cash card and keying in a PIN. Frustrated, you leave the machine to report the problem and crooks move in to complete the withdrawal.