Two days ago I got $200 cash from My Wells Fargo Bank ATM in Grants, New Mexico. When I got my email transaction receipt, I noticed my balance was about $1,000+ lower than what I thought it should be. Hmmm, I thought, so I went online to check my account statement. Sure enough, there were two transaction…one for $700+ and another for $400+ that I didn’t make. They were shown as purchases at Best Buy.

I immediately got on the phone and called Wells Fargo Fraud Protection and told them I travel extensively and use my debit card a lot! I’ve been a Wells Fargo customer since 1995 and I’m sure I use my debit card several hundred times a year. They immediately cancelled out the card and told me I could get a temporary one at the local wells Fargo Bank…

They told me most likely I was a victim of a skimming device on a gas pump…which I use a lot! They told me I could find out all about skimming devices by just entering “skimming devices” in my Internet search box…I did and there are a bunch of sites describing these devices!

Here’s a link to a site describing skimming devices…
http://www.merchantequip.com/merchant-account-blog/149/credit-card-skimming-and-places-that-sell-skimming-devices

and a very informative Wikipedia link about credit card fraud…
http://en.wikipedia.org/wiki/Credit_card_fraud

From the Wikipedia link…

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Cardholder liability

In the US, federal law limits the liability of card holders to $50 in the event of theft of the actual credit card, regardless of the amount charged on the card, if reported within 60 days of receiving the statement.[16] In practice many issuers will waive this small payment and simply remove the fraudulent charges from the customer’s account if the customer signs an affidavit confirming that the charges are indeed fraudulent. If the physical card is not lost or stolen, but rather just the credit card account number itself is stolen, then Federal Law guarantees card holders have zero liability to the credit card issuer.[17]

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I encourage you to spend a few minutes on the two above websites to educate yourself about skimming devices. It could be worth a lot of money to you!

All original material Copyright – Jim Jaillet 2012
For more information about my three books, click this link:
http://www.lulu.com/spotlight/panamaorbust

Debit Card Fraud Risks…

February 7, 2012

We’re still at the Golden Sun RV Resort in Apache Junction, Arizona where we will remain hanging out and visiting with friends.. See my Blog entry for more information about this place…
http://wp.me/pDCku-3wM

In the meantime…here’s an interesting story.

As a person who travels extensively with a debit card…I found this article most interesting. Perhaps you will also.

http://www.bankrate.com/finance/checking/risky-places-swipe-debit-card-1.aspx

All original material Copyright – Jim Jaillet 2012
For more information about my three books, click this link:
http://www.lulu.com/spotlight/panamaorbust

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