[Lex Computer & Tech Group/LCTG] Fraud Issue: Check Your Bank Account Running Balance

[Joel Shwimer]

Another clear take-away is do NOT use a DEBIT card.  This was the advice 
provided in a lecture I attended years ago by Frank Abagnale Jr. who was 
the subject of the movie "Catch me if you can" and is now a consultant 
to the FBI on security matters.

Joel

On 11/21/2024 6:23 AM, Drew King (dking65--- via LCTG wrote:
> Very good advice.
>
> If you get declined at a point of sale the first thing you should do 
> is call the phone number on the back of your card and inquire with the 
> bank. Let them know that you went to the supermarket and the 
> transaction was declined and you paid cash so that you have it on 
> record possibly even recorded.
>
> Several years ago I was starting a new job and made some purchases 
> that were not typical in preparation for my new job and my bank 
> eventually questioned the transactions because they saw a lot more 
> activity than normal.
> It was all regular shopping to buy things I needed and also go on 
> vacation and so I was spending money on airfare and food and clothing 
> and entertainment  I wouldn't normally do.
>
>
>
>
> On November 21, 2024 6:05:41 AM EST, Robert Primak via LCTG 
> <lctg at lists.toku.us> wrote:
>
>     My ATM/Debit MasterCard was involved in a fraudulent charge
>     attempt. The Bank froze the Debit Card immediately when the
>     suspicious activity happened. Hours later, not having checked my
>     phone messages, I tried to make a food purchase at an automatic
>     self-checkout POS terminal using the same card. Here's what happened.
>
>     The Star Market POS system at Self-Checkoout and the Registers
>     declined my Card, as they should have. (I eventually ended up
>     paying cash for the purchase.) But the Star Market charges still
>     showed up in the Bank Ledger as valid, even though my Card was
>     frozen at the time the Card was declined by the Star Market POS
>     System. This should have been programmatically impossible!
>
>     Take-home lesson: If you ever experience a freeze on a credit or
>     debit card due to suspected fraud, DO NOT rely on store POS
>     systems which appear to have "declined" the card not to reinstate
>     the charges. As soon as you learn of the issue, go to your bank or
>     use their online banking app or web site, and CHECK THE RUNNING
>     (Ledger) BALANCE! If anything suspicious is processing or has been
>     recorded as processed, NOTIFY YOUR BANK ASAP.
>
>     I appear to have been successful at getting the Star Market system
>     error(s) removed from my bank account charges. But this is not
>     always guaranteed.
>
>     -- Bob Primak
>
>
> -- 
> Sent from my Android device with K-9 Mail.
>
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-- 
Joel Shwimer
shwimer at tiac.net
(781) 275-1886
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