Unbelievably quick theft!
Discussion
NDA said:
7795 said:
I
Touch technology is great until you lose a card/s...
Yes indeed.... I had this recently too. I must have dropped my card at Waterloo when digging out my season ticket. I know precisely when I was at Waterloo (as commuters do). My card was being used with 5 minutes of being dropped - the bank stopped it almost immediately, but even so, £80 had been run up, which was all refunded.Touch technology is great until you lose a card/s...
I asked the bank how they knew to do this and apparently very few people make multiple purchases, within minutes, at different outlets on their card - the card was flagged immediately.
As it was all food (Pret a Manger etc) I didn't feel too bad about it as I assume I fed someone who was hungry.
Even if it was stolen how do you use it in a shop? Up to £30 contactless works but after that you need the PIN. I can understand buying over the phone/online etc but not in a shop.
In terms of removing the 3 digits on the back that's now becoming pointless. The last couple of times I used my card over the phone they said they didn't need it any more.
In terms of removing the 3 digits on the back that's now becoming pointless. The last couple of times I used my card over the phone they said they didn't need it any more.
poing said:
Even if it was stolen how do you use it in a shop? Up to £30 contactless works but after that you need the PIN. I can understand buying over the phone/online etc but not in a shop.
In terms of removing the 3 digits on the back that's now becoming pointless. The last couple of times I used my card over the phone they said they didn't need it any more.
Most terminals, if not all, allow transactions to revert to signature if they can't read the chip. Thought behind it was to provide a "belts and braces" method in case of failure of terminal and/or card hardware, but basically yeah.... really on honesty/diligence of the operator checking the signature (I signed mine with "not checked" on occasion to see what they would do, as long as it was squiggly enough they let it go).In terms of removing the 3 digits on the back that's now becoming pointless. The last couple of times I used my card over the phone they said they didn't need it any more.
paulwoof said:
matjk said:
Exact same thing happened to a girl at work , she had £600 taken by Ladbrooks she also “won” I don’t know if she just got her £600 back or the winnings too (won £250) ! I’m not sure what the scam is as the money goes back onto the card the bet was placed with so how does the thief get his ill gotten gains ?
Not saying this is what they were upto but very likely. Theifs may be laying the bets they have placed with the stolen funds on a betting exchange. so betting on say team A to win, then betting against team A to win. so regardless of the outcome, you would end up with roughly the same amount. If the bookie bet loses, they make the money at the exchange and the have a non traceable amount appearing like a normal betting exchange bet and the money is transferred with no link to the victim.
The issue with this would be if the bookie bet wins and you end up with a huge amount at the bookie, the theif could lose his "own" cash at the exchange and it goes into a bookies account. theif would then need to place more bets to get the money over to the exchange, a run of bad luck and you could end up with thousands at the bookie, bookie gets note that its dodgy money and locks the account and if the account is not operated by the person its registered too, they can seize funds for duplicate/fraudulent accounts.
pretty common with some russian money and general money laundering. Some betfair accounts were hacked a while back where hackers made ridiculous prices on betting exchanges, then this money on the exchange was taken by the money laundering accounts, betfair just stepped back and went sorry not our problem, despite seeing all the transactions.
bookies/casinos for years now have to KYC checks and funds have to go back to the deposit method. even if you had a paypal and debit card linked to an account. if you deposit with bank card, it cant be withdrawn to your paypal account etc.
stevensdrs said:
I addition to scraping the number off of the rear, I create a fictitious contact in my phone contacts which contains the pin and the number on the back of the card. Then if you forget either it's easy for you to recover the numbers from your phone. A thief even with your phone would have no idea what to look for.
Until they read thisAnother method they use at bookies is to play poker in "room" against a friend with a "legitimate" account.
It's fairly easy to transfer the funds from the stolen cards account to the friends account by losing hands of poker.
Unfortunately bookies use the money laundering laws to their advantage eg only using them when people want to withdraw and using this to delay withdrawal with some people giving up. They also use it to try and prevent sucessful players who win and had their accounts closed starting new accounts. They don't use the laws when someone signs up to check they are who they say they are or check on someone (While they are losing) who has lost large amounts of money they could not possibly have that amount of money to lose eg someone stealing from their employer
It's fairly easy to transfer the funds from the stolen cards account to the friends account by losing hands of poker.
Unfortunately bookies use the money laundering laws to their advantage eg only using them when people want to withdraw and using this to delay withdrawal with some people giving up. They also use it to try and prevent sucessful players who win and had their accounts closed starting new accounts. They don't use the laws when someone signs up to check they are who they say they are or check on someone (While they are losing) who has lost large amounts of money they could not possibly have that amount of money to lose eg someone stealing from their employer
I had a wallet nicked with 2 contactless cards. Not a single transaction in the 2 hours it took (when I discovered my car had been broken into). They got away with £12 cash.
More annoyingly, they had my front door key and my address (license) and smashed the glass on the only locked door.
Skag heads in Swansea are the worst.
More annoyingly, they had my front door key and my address (license) and smashed the glass on the only locked door.
Skag heads in Swansea are the worst.
largelunchbox said:
stevensdrs said:
I addition to scraping the number off of the rear, I create a fictitious contact in my phone contacts which contains the pin and the number on the back of the card. Then if you forget either it's easy for you to recover the numbers from your phone. A thief even with your phone would have no idea what to look for.
Until they read thisgothatway said:
largelunchbox said:
stevensdrs said:
I addition to scraping the number off of the rear, I create a fictitious contact in my phone contacts which contains the pin and the number on the back of the card. Then if you forget either it's easy for you to recover the numbers from your phone. A thief even with your phone would have no idea what to look for.
Until they read this
d who uses his card online so often that he knows by heart not only the three on the back, but the long number...?
TooMany2cvs said:
Well, of course. Doesn't everybody...?
I mean, they don't change through your entire life - why would you not know them?
(BTW, is it the current three-on-the-back for my card or the old one that you know?)
Yeah, me too. I can remember my NI number, passport number, entire 16 digit debit card number and the 3 digit SN on the back. I mean, they don't change through your entire life - why would you not know them?
(BTW, is it the current three-on-the-back for my card or the old one that you know?)
All I need to do now is remember my wedding anniversary and which day to put the bin out.
Bigends said:
Spoon Burner said:
How did they know your pin?
You didnt drop it - it was stolen. Whats the chances of some random person finding it then shooting off and using it immediately?I had this about two years ago. I didn't lose my card but it had obviously been cloned. £10 went straight away to the red cross. Then a much large sum to Matalan.
What upset me is that I phoned the police and credit card company who both said the red cross is a common method for thieves to find out if the card is still active. The red cross apparently refuse to refund anything and take the money in complete confidence thereby giving peace of mind to the criminals and are non-cooperative with the authorities. This was from both the police and the bank.
Great organisation.
What upset me is that I phoned the police and credit card company who both said the red cross is a common method for thieves to find out if the card is still active. The red cross apparently refuse to refund anything and take the money in complete confidence thereby giving peace of mind to the criminals and are non-cooperative with the authorities. This was from both the police and the bank.
Great organisation.
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