Most of this POS stand outside banks, malls hospital e.tc are been own by fraudster popularly know as Yahoo boys.

You would want to know why they own this establishment

The previous idea for them creating this business is to cover up for their fraud act, and also for the public to assume them as genuine husslers, by so doing it tries to prevent unnecessary observation from the public and security agency.

But we all know that due to Covid-19 it is not easy to carry out fraud in d international community, so this fraudster has device a new means of defrauding people using the business platform know as POS stand.

How the act is being carried out

When you provide your ATM card to withdraw fund from your account, they simply capture the important details like card numbers, Security, expiring date or they can simply snap it or open a live camera and all the details is secret conserve


After about 1 month and above they start using this details to debit your account.


Or patiently waiting for it to be credited b4 making any move

Less I forget some of the banks staff are aiding this crime for the fraudster, that is another story for another day.


Beware of POS Stand

eddynaira125:
Most of this POS stand outside banks, malls hospital e.tc are been own by fraudster popularly know as Yahoo boys.

You would want to know why they own this establishment

The previous idea for them creating this business is to cover up for their fraud act, and also for the public to assume them as genuine husslers, by so doing it tries to prevent unnecessary observation from the public and security agency.

But we all know that due to Covid-19 it is not easy to carry out fraud in d international community, so this fraudster has device a new means of defrauding people using the business platform know as POS stand.

How the act is being carried out

When you provide your ATM card to withdraw fund from your account, they simply capture the important details like card numbers, Security, expiring date or they can simply snap it or open a live camera and all the details is secret conserve


After about 1 month and above they start using this details to debit your account.


Or patiently waiting for it to be credited b4 making any move

Less I forget some of the banks staff are aiding this crime for the fraudster, that is another story for another day.


Beware of POS Stand

I have experienced the bolded in a supermarket before. It took me almost unaware. The sales lady started fidgeting when I caught her red handed. I raised no alarm. I immediately disabled my ATM card.

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Lala

This is 100% feasible. I was in a clothing shop once and wanted to pay via POS but the present POS was not working. That is how the sales girl took my card to go into her boss office to pick the other POS machine. Me being frantic knowing my card was risky being in her hand opened the so-called oga office. Saw this girl looking at my card and pressing her phone. When I accused this bitch for fraud, that is how she was swearing and ready to pick up a fight with me over it. I simply took my card and left. Broke it that day and requested for another immediately. Nigeria is a jungle. One second of non-vigilance and you will be preyed upon. If you must pay with POS, dont let your eyes go off your card untill it is back in your hands.

meobizy:
Abegi, unnecessary vigilance. If money is deducted from my account, I’ll report to the bank immediately. They have records of every transaction made from my account. If they find the illegal transaction they can refund the money back, close the account and then wait for the criminal to physically show up. A better scam is deducting two Naira extra from every POS user. One can make at least five hundred Naira a day at least and maybe three thousand five hundred Naira on a good day. I don’t know anybody who’ll cause a ruckus from such a small transaction.

So if they use your card details to make purchases online, the bank will refund it to you?

Terrible