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

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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.

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

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.

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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.

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

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.

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No credit card required. Experian Credit Report every 30 days on sign in. Alternatively, you may opt-out of commercial email directly on the order form while placing a new order. A fraud alert can make it more difficult for someone to get credit in your name because it tells creditors to follow

Credit card fraud is when someone uses your credit card or credit account to make a purchase you didn’t authorize. Closely monitor account activity, and consider contacting Experian to put an initial security alert on your credit report. Types of Credit Card Fraud . Fraudsters are creative people

"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.

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Do You Need a New Social Security Number? Place a Fraud Alert . Extended Fraud Alerts and Credit Freezes. For example, you may want to place a fraud alert if your wallet, Social Security card , or other personal, financial or account Ask the company to put a fraud alert on your credit file.

Put simply, credit card fraud is a specific type of identity theft that can sometimes be a part of a larger fraud scheme. A fraud alert simply sends out a blanket request to all creditors to contact you before they open any new accounts on your behalf.

"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.

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