Scammers are constantly finding new ways to defraud people, and point-of-sale (POS) systems are no exception. Here is a new POS scamming method that you should be aware of:
Wallet POS
Wallet POS is a cloned POS machine that scammers are using to steal customers’ card information. It looks like a regular POS machine, but it has a memory card slot that allows the scammers to store customers’ card information even after the transaction is completed. This information can then be used to make fraudulent purchases or withdraw money from the customer’s account.
How it works
A scammer will typically pose as a legitimate POS operator and offer to process your payment. They will insert your card into the Wallet POS machine and ask you to enter your PIN. Once the transaction is complete, they will hand you back your card and receipt. However, since the Wallet POS machine has stored your card information, the scammer can still use it to make fraudulent transactions, even if you have already left the store.
How to protect yourself
There are a few things you can do to protect yourself from falling victim to this new POS scamming method:
- Be careful who you give your card to. Only give your card to a legitimate POS operator, such as a cashier or store employee.
- Be aware of your surroundings. If you notice anything suspicious about the POS machine, such as a memory card slot, do not use it.
- Ask the POS operator to show you the receipt. The receipt should show the name of the store, the amount of the transaction, and the date and time.
- Monitor your bank account statements regularly for any fraudulent transactions. If you see any unauthorized charges, report them to your bank immediately.
If you think you may have been a victim of this scam, you should contact your bank immediately and cancel your card. You should also file a police report.
FAQs
Frequently Asked Questions
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