•   
  •   

Money WA businesses put on alert about new type of credit card fraud

04:06  12 june  2018
04:06  12 june  2018 Source:   watoday.com.au

Origin Energy offer power bill relief

  Origin Energy offer power bill relief Energy Minister says price cuts 'a step in the right direction'Electricity prices in Queensland and South Australia will be slashed and Origin Energy said this morning it would also freeze tariffs in New South Wales and the ACT.

WA businesses are being warned about a group of scammers using a new and deceitful type of credit card fraud . "It has been reported to police that a person will purchase a number of items from the store and manually enter the credit card details without necessarily having the actual credit card

Credit card fraud is a wide-ranging term for theft and fraud committed using or involving a payment card , such as a credit card or debit card , as a fraudulent source of funds in a transaction.

Police say up to four men are involved in the fresh wave of credit card crime.© Jessica Shapiro Police say up to four men are involved in the fresh wave of credit card crime.

WA businesses are being warned about a group of scammers who are using a deceitful type of credit card fraud which is costing small business owners thousands of dollars.

Police have been aware of the group - who are mostly targeting businesses in the Perth Hills region - since at least early April.

In some cases the scammers have defrauded small businesses, such as liquor stores, by more than $4000 in one day.

They are suspected of using stolen credit card details to make large purchases of mostly alcohol, and or cigarettes.

Top money saving challenges for 2018

  Top money saving challenges for 2018 Even if your well-intentioned money-saving New Year’s resolutions didn’t last for as long as you'd hoped, it’s never too late to get serious about saving money. Over the rest of 2018 and beyond, if you can rise to the challenge of saving your money rather than spending it, you could find yourself enjoying significant benefits by the year’s end.Who knows, maybe you could afford to buy that pony!Make a budget, then follow itThe first step to managing your money is measuring it. Make a money-saving plan, accounting for your income, expenses, and how soon you’d like to achieve your savings goals.

WA businesses are being warned about a group of scammers using a new and deceitful type of credit card fraud .

Learn more about the different types of credit cards and how they can help you establish better The creditor will see the fraud alert when they pull your credit report. This will notify them to take extra Step One: Contact all creditors that the deceased person(s) did business with and request that they

The police Facebook post which went out on April 10.© WA Police Facebook The police Facebook post which went out on April 10. Police issued a broadcast about the group via the WA Police Wheatbelt District Facebook page on April 10.

"Wundowie and Northam Police are in receipt of information that a number of dark-skinned males (of African appearance) are suspected of engaging in the fraudulent use of credit cards in the area. It is believed that up to four men are involved," the Facebook post said.

"Police suspect their method is to approach stores to purchase various items (alcohol, cigarettes) and will advise that they don't have the credit card, only the card numbers.

Customers in limbo as retailer goes under

  Customers in limbo as retailer goes under Customers of West Australian whitegoods retailer Kambo's, which has gone into administration, may be left out of pocket.Consumers may be left out of pocket after a West Australian whitegoods retailer went into administration.

A fraud alert can make it harder for an identity thief to open more accounts in your name. When you have an alert on your report, a business must verify your identity You can get a new one after one year. It allows you to order one free copy of your credit report from each of the three credit bureaus.

You can avoid credit card fraud by taking steps to keep your credit card details safe. After you make a purchase put your credit card away immediately. Confirm you have your credit card back Credit card thieves have been known to pose as credit card issuers and other businesses to trick

"They will request a manual transaction to make the purchase - staff members will be requested to enter in the numbers to complete the transaction.

"A warning to all shop owners in the area, please be vigilant.

"If you are approached by this group, please decline the purchase and contact police as a priority.

"Attempt to gain as much information about the group as possible, descriptions and vehicle details to assist with the ongoing investigation."

One victim who owns a liquor store in the Perth Hills told WAtoday being targeted by the group had been devastating for her business.

The woman's shop was hit by the group last month, resulting in losses of $4131 in just one day.

The woman said because the scammers had carried out a manual transaction, the banks were not going to cover their losses.

"It is very upsetting and I am really angry," the woman said.

"They just manually entered these numbers of the stolen credit card and because it is being manually entered, we are not covered by the bank.

Commuters to be slapped with Opal Card increase of 2.2%

  Commuters to be slapped with Opal Card increase of 2.2% Commuters are set to pay more to travel on NSW's public transport network, with Opal fares to jump by 2.2 percent. The increase, worth an average of 39 cents a week, will kick in from July 2.The rise, however, won't affect seniors and pensioners, with Gold Opal prices to remain at $2.50 for all day travel any day of the week.A train trip from Penrith to Town Hall, for example, will go up by 15 cents, while a ferry ride from Manly to Circular Quay will rise 16 cents.A week's worth of travel for an adult will be capped at $63.20, up from $61.60.

A fraud alert notifies creditors that they must take certain steps to verify your identity and contact you before approving Understand the limitations of fraud alerts . A fraud alert does not guarantee that no new credit accounts will Select the type of alert . Check the box next to “Initial 90 Day Fraud Alert .”

The third is counterfeit cards — when a card is “cloned” from another and then used to make purchases. In Asia Pacific, 10% to 15% of fraud results from malpractices The fourth is called “never received” — when a new or replacement card is stolen from the email, never reaching its rightful owner.

"We are not the only ones. There are so many businesses in the hills that have been targeted."

On Monday police issued a statement, stating the frauds had so far occurred in retail stores throughout the metropolitan area and in regional districts close to Perth.

"It has been reported to police that a person will purchase a number of items from the store and manually enter the credit card details without necessarily having the actual credit card with them," police said.

"Police suggest that businesses check the merchant copy of their receipt, in particular, for letter codes “M” “K” and “H” which show a manual transaction has occurred."

Business have been urged to call police on 131 444 or Crime Stoppers on 1800 333 000 if they have any information about the group.

Seb Monsour, Campbell Newman's brother-in-law, charged with fraud .
Police charge Sebastian 'Seb' Monsour, the brother-in-law of former Queensland premier Campbell Newman, as part of a long-running investigation into a $5 million investment fraud. Police raided his business in Spring Hill earlier today and arrested him at the Brisbane City watch-house.His bail has been withheld and he is due to appear in the Brisbane Magistrate's Court tomorrow charged with fraud. The 44-year-old is the chief executive of real estate development company Majella Group.It is alleged he accepted three significant payments from an overseas investor for non-existent projects.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!