Businesses ripped off by card scammer, Gander chamber warns

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The Gander and Area Chamber of Commerce is warning merchants in central Newfoundland to be on the lookout for a scammer who is manipulating debit and credit card machines. Incidents have been reported from Gander, Twillingate and Musgravetown.

Bogus payments when paying with debit or credit card

The scammer submits a credit card or debit card as they would in a normal transaction. When the Point of Sale terminal is passed to them to enter their PIN, they enter a series of codes to hack into the system, keying in up to 20 different numbers in order to do that. From the merchant’s perspective, it then appears the transaction has been authorized, when in fact there have been no funds approved.

Read more at CBC News.

This article is summarized by Canadian Fraud News Inc.