Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,598,340 members, 6,030,511 topics. Date: Thursday, 03 December 2020 at 06:08 PM

Be Careful When Making A Transaction At A POS Terminal (Here Is Why) - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Be Careful When Making A Transaction At A POS Terminal (Here Is Why) (69269 Views)

Please How Do I Get A Court Order For The Bank To Reverse A Transaction / How To Start A POS Service Business And Make N100,000 Or More In A Month / How Can I Make A Transaction Without ATM Card (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (17) (Reply) (Go Down)

Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by Tiwaz2: 7:21pm On Nov 17
Please, be careful when making a transaction at a POS terminal. Some POS agents can send your ATM card details to fraudsters.

• HOW IT IS BEING DONE

When you go to a POS terminal to make a transaction, he/she will collect your ATM card and slot it into an ATM machine. After few seconds, he/she will tell you that the POS machine is malfunctional (i.e not working properly). He/She will tell you that you should wait while he/she bring another POS machine inside.

When he/she goes inside, your ATM card will be snapped (including the surface and below) with a smartphone. He/She will surely come out with another POS machine, but you will not know that your ATM card had been snapped and sent to fraudsters! The fraudsters will now use your ATM card details and make transactions online!

187 Likes 23 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by chatinent(m): 7:25pm On Nov 17
That's true.

However, I'm very careful.

201 Likes 17 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by chatinent(m): 7:25pm On Nov 17
That's true.

However, I'm very careful.

36 Likes 2 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by Robnectar(m): 7:32pm On Nov 17
chatinent:
That's true.

However, I'm very careful.

damn niCcah, damn motherfvckax grin

12 Likes 1 Share

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by Donjazzy12(m): 7:48pm On Nov 17
Tiwaz2:
Please, be careful when making a transaction at a POS terminal. Some POS agents can send your ATM card details to fraudsters.
.
.
• HOW IT IS BEING DONE
When you go to a POS terminal to make a transaction, he/she will collect your ATM card and slot it into an ATM machine. After few seconds, he/she will tell you that the POS machine is malfunctional (i.e not working properly). He/She will tell you that you should wait while he/she bring another POS machine inside. When he/she goes inside, your ATM card will be snapped (including the surface and below) with a smartphone. He/She will surely come out with another POS machine, but you will not know that your ATM card had been snapped and sent to fraudsters! The fraudsters will now use your ATM card details and make transactions online!
No fraudster can take money from your account without your ATM pin.

457 Likes 20 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by helinues: 7:50pm On Nov 17
Donjazzy12:

No fraudster can take money from your account without your ATM pin.

Are you not going to input your pin in the new POS?

85 Likes 4 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by poiZon: 7:52pm On Nov 17
Donjazzy12:

No fraudster can take money from your account without your ATM pin.
Help me tell dem.
And also even if they try it, they still need to verify their transactions with otp...

413 Likes 15 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by gentlesinna(m): 7:57pm On Nov 17
poiZon:

Help me tell dem.
And also even if they try it, they still need to verify their transactions with otp...
. My brother knowledge is power..there are softwares that bypass OTP and your atm PIN
Fraudsters this days don't need ur pin or otp.
The only information they need is ur card details especially that 3 digit number at d back of ur card which is more important in there fraudulent act.

549 Likes 38 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by poiZon: 8:04pm On Nov 17
gentlesinna:
. My brother knowledge is power..there are softwares that bypass OTP and your atm PIN
Fraudsters this days don't need ur pin or otp.
The only information they need is ur card details especially that 3 digit number at d back of ur card which is more important in there fraudulent act.
Isoryt

5 Likes

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by LikeAking: 8:15pm On Nov 17
The account wey your big money dey should not be activated for internet banking,etc.

Keep you bank account sim at home.

Follow the first stuff I wrote and u will be fine.

174 Likes 12 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by MyVILLAGEpeople(m): 8:27pm On Nov 17
Hmmmm

Thanks

4 Likes 1 Share

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by hellohgy(m): 8:33pm On Nov 17
Donjazzy12:
No fraudster can take money from your account without your ATM pin.
It is very easy to know someones pin just by typing it .

2 Likes 1 Share

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by galantjoe(m): 8:50pm On Nov 17
Best safety is to have ATM account. That is a bank account you will used to make atm or Pos withdrawal and you will not keep substantial amount or your life savings in the account.

Once fraudster get hold of ur card number and that 3digit number at the back of atm card, getting your pin is small case.

Be cyber smart!

115 Likes 3 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by supportnija: 9:04pm On Nov 17
gentlesinna:
. My brother knowledge is power..there are softwares that bypass OTP and your atm PIN
Fraudsters this days don't need ur pin or otp.
The only information they need is ur card details especially that 3 digit number at d back of ur card which is more important in there fraudulent act.
And you think if they something like that bank will not be aware, OP stop typing because you feel like typing, all these security are embedded in your ATM chip ,it will not bypass.

24 Likes 4 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by nedekid: 9:18pm On Nov 17
supportnija:

And you think if they something like that bank will not be aware, OP stop typing because you feel like typing, all these security are embedded in your ATM chip ,it will not bypass.
Oga, listen and learn from him.
Years back, I ordered refurbished common rail injection units for a truck I owned back then from the UK. They sent me an invoice. I asked how to pay, all they said was to provide them with my card number and expiry date. I had not finished calling the number over the phone when debit alert entered.
I was like how did they do it? shocked
Meanwhile I was here in Lagos oh.

246 Likes 16 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by Raymond989: 9:19pm On Nov 17
For those that don’t believe what the op is saying, u can as well just leave a picture of the front and back of ur card. If u really confident you money can’t be remove without ur pin or otp, mk we try some experiment... I come in peace.

331 Likes 15 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by Raymond989: 9:22pm On Nov 17
The op just trying educate u, but if u don’t believe wat his saying, u can as well leave a pics of ur card. Let do some experiment. I come in peace

66 Likes 2 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by Memberclub(m): 10:19pm On Nov 17
It's a debit card. What are you talking about grin
Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by ebenezer202l(f): 10:20pm On Nov 17
Raymond989:
The op just trying educate u, but if u don’t believe wat his saying, u can as well leave a pics of ur card. Let do some experiment. I come in peace
it will request for otp which will be impossible for your transaction to be successful

7 Likes

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by Raymond989: 10:43pm On Nov 17
ebenezer202l:
it will request for otp which will be impossible for your transaction to be successful
some transaction don’t need otp, or ur pin, why do you think banks always advice blocking ur card immediately when u lost it.

157 Likes 9 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by wiseone28: 10:56pm On Nov 17
What about those that their account is empty but they have atm card grin

63 Likes 3 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by Princewill1(m): 10:58pm On Nov 17
Most foreign e-commerce sites, you don't need otp or pin to make purchases.

Only front and back of your card.

83 Likes

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by SKhanmi: 11:10pm On Nov 17
Smh, some folks don't know how things dey go at all. Go and be careless with your atm na, Na body go tell you when debit alerts dey rapture for your inbox. I'll rather go and queue at the ATM than use it to withraw from POS. It's only good for paying in imo. And the way banks give every tom and Harry POS and yet still refuse to track down scammers unless sufficient force is brought to bear is enough to dissuade anybody from messing around with POS agents. If I was a thief I don't even need to snap when I can easily memorize the digits. E go do you like film.

51 Likes 1 Share

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by lytech1(m): 11:26pm On Nov 17
gentlesinna:
. My brother knowledge is power..there are softwares that bypass OTP and your atm PIN
Fraudsters this days don't need ur pin or otp.
The only information they need is ur card details especially that 3 digit number at d back of ur card which is more important in there fraudulent act.

Stop saying nonsense

If this is the case,ATM card will have been scrapped because no one is safe with what you wrote up there.

With this ur claim,not only POS attendant can dupe you. Your family and friends can also dupe you.

24 Likes 3 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by tingFanG: 11:32pm On Nov 17
lytech1:

Stop saying nonsense
Snap your debit card front and back to prove him wrong

94 Likes 3 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by Neddstark: 12:57am On Nov 18
Donjazzy12:

No fraudster can take money from your account without your ATM pin.

I pay for stuffs online with simply just the details on my credit card. No OTP, No PIN. My brother this is 100% possible.

120 Likes

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by massalati(m): 1:16am On Nov 18
poiZon:

Help me tell dem.
And also even if they try it, they still need to verify their transactions with otp...

Please don't say what you don't know

14 Likes

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by IMAMofWAR: 4:23am On Nov 18
Donjazzy12:

No fraudster can take money from your account without your ATM pin.
please can u give me your card details , if i dont empty it in 3 mins without your pin i wll tranfer 50k to u now. make sure money dey inside o

61 Likes 4 Shares

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by TechXpert: 5:12am On Nov 18
Donjazzy12:

No fraudster can take money from your account without your ATM pin.
See this one! Please don’t say what you don’t know. Some transactions online doesn’t require ATM pin and OTP. Never allow anyone to snap the front and back of your credit/debit card

31 Likes 1 Share

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by supportnija: 5:57am On Nov 18
IMAMofWAR:
please can u give me your card details , if i dont empty it in 3 mins without your pin i wll tranfer 50k to u now. make sure money dey inside o
Stop telling lies, if it is possible those sixteen numbers will not shown out. Is is not possible without your pin. Don't tell me to send it to you because there is no need.

1 Like 1 Share

Re: Be Careful When Making A Transaction At A POS Terminal (Here Is Why) by adecz: 7:06am On Nov 18
Some people here are just
displaying ignorance because they
don't know how far ahead cyber criminals are.


With all the levels of security, American
Government & European organizations
got taken by Hushpuppi & crew.


Once your card details have been
accessed, the only remaining thing is
your PIN which they can bypass.
They know how to get the OTP by
try & error.

48 Likes 1 Share

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (17) (Reply)

US Bank Stops Western Union Transfers To Nigeria In Aftermath Of 80 Fraud Burst? / Access Bank Unveils New Logo / Neteller Now Accept Nigerians

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2020 Oluwaseun Osewa. All rights reserved. See How To Advertise. 86
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.