Thursday, August 27, 2009

Being Married to a Fraud Consultant Does Have Its Advantages: Debit Card Scan

Nate got a fraud alert this morning. Wal-mart apparently just busted a huge bunch of its employees who were scamming customers. This could happen at any retail outlet.

1. You checkout
2. You pay with a debit card
3. The cashier manually inputs $20-$60 cash back which only shows up on your receipt and not on the touchpad screen.
4. If the cashier is under constant surveillance (which they are at Wal-mart) the cashier give the next person in line, who is in on the scam, your cash advance.
5. If the cashier is not under surveillance then they simply keep track of the cash back and remove the money when their shift ends and they reconcile their register to the till.

Even if you catch them doing it, they will simply claim the machine has been messing up and automatically doing cash-backs. Just always check your receipt for cash-backs.


Adriana said...

Oh my gosh! I have been hearing alot about different debit card scams! :(
Thanks for informing us! I will make sure I look at my receipts!

Rachel said...

Oh great. One more thing to worry about. I heard on the news about some guy here in AZ doing this. So now I just do credit. What next?

Carrie said...

Thanks for the tip.