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[Closed] Credit Card Fraud - Verification payments. I don't understand..

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[#3030630]

So just had a call from my cc company, someone one tried to spend 60p on my cc last night. They said it was a verification payment, to test if the card worked, and thats why it looked suss, because it was only 60p.

I don't get it. This knowledge has been around for a while now, surely your fraudster will just use any fresh details to make a decent sized haul and not do the 60p thing to attract attention to themselves?

Somebody please explain..


 
Posted : 09/08/2011 10:22 am
 kcr
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[url= http://www.merchantequip.com/merchant-account-blog/36/what-does-a-fraudulent-transaction-look-like ]www.merchantequip.com/merchant-account-blog/36/what-does-a-fraudulent-transaction-look-like[/url]


 
Posted : 09/08/2011 10:36 am
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kcr thanks thats interesting. I fink I understand..


 
Posted : 09/08/2011 10:48 am