Missionaire:

I had some money in my GTB account on the 12th of this month. When I went to use the ATM the next day on the 13th, I could only find less than 836 naira.

When I called the bank, I was told that my ATM card was used at a POS called Pay Arena for only God knows what.

This was quite surprising because my card had been with me since morning and every time. I don't do online transactions with it and have only used it for POS once and that was in August this year.

I went to the bank yesterday to fill the dispute form and was told that the issue would be sorted out in 45 days. Can you imagine??

How possible can my card be used at a POS without the card?

15ssDRIVE:


Some POS are clone.... just like fake websites ... the owners bought it on porpoise. Mainly to copy the details of cards inserted. It will always decline ... because it’s not real.


Once copied .... on

You are On half tank,any time wey he remember your card,you are in trouble ....


Pls be careful next time ....

Missionaire:



I have actually thought of this as a possibility.
But my transaction worked that day.
I have been trying to reach the bank customer service today so I can know the exact location where the transaction was carried out.

Once I know, I'll take my next line of action.

15ssDRIVE:



Technology is getting advance everyday,I think they now have the ones that can approve and still skim your details.

Always use area POS..

Missionaire:


True...

I actually had to use that one because I was stranded that day. Didn't even check the name well sef.

Well, next week would be show down for that agent. Imagine how many other people have been defrauded.

majamajic:



Don't conclude yet , I use POS almost every day and I never had any issues
Tell the bank to give u transaction details , and why they didn't give u debit alert for that very transportation ?

Missionaire:


This is another angle.
Reason why I haven't taken any drastic step yey towards the POS agent.
I just realized how much POS agents with different names are littered almost every nook and cranny.

On Wednesday next week, I will be around where I used the POS. If it is the same name, then it would be very very ugly for that person.

But till then, let me be considering all angles.

majamajic:



Even if it's same name , some one can take your card to ATM

Why didn't u get the debit alert ?

Missionaire:
I want to find out how possible this can be.

Whether it is from the bank or the POS agent.

Modified: These are my findings.

My card was used for a web transaction and not a POS transaction.
According to them, there is no way for them to know what it was used to purchase or received by.

I asked them how possible it could be when I have never used this card for any online transactions as it is my savings account. I was told that my card number can be copied and used without further authorization from me.

This is quite unfortunate. Considering this, I asked why they don't do OTP or any other form of two steps verification before approving web transactions with card and I was told that it is not applicable to every transaction.

Thankfully, I had already transferred most of the money from that account to a new UBA account I opened last week. The money that was used was N2,210.
(Discovered later though that the money was 17,210. Someone sent me 15k before it happened. It even reflected on my statement of account).

It is worrisome that our banking institutions are (un)consciously aiding and abetting account fraudulent and financial crime activities.

Knowing the kind of society they operate in, they should endeavor to integrate at least two steps verifications for EVERY web transaction no matter the amount.

It is quite very unfortunate... Very very.

Missionaire:



I have actually thought of this as a possibility.
But my transaction worked that day.
I have been trying to reach the bank customer service today so I can know the exact location where the transaction was carried out.

Once I know, I'll take my next line of action.

majamajic:



Don't conclude yet , I use POS almost every day and I never had any issues
Tell the bank to give u transaction details , and why they didn't give u debit alert for that very transportation ?

15ssDRIVE:


Some POS are clone.... just like fake websites ... the owners bought it on porpoise. Mainly to copy the details of cards inserted. It will always decline ... because it’s not real.


Once copied .... on

You are On half tank,any time wey he remember your card,you are in trouble ....


Pls be careful next time ....

Fussion1000:



Did u knw POS are giving by banks and not purchased in open market?

supercase1:

GTB abi,I knew it!!!! that bank useless aswear,uba better pass am

happybrother:
Payarena is a fraudstars' haven. I am a witness. Some rouges used my card to buy things online five times and it happens 1am to 2am and I received alert with the FBN/PAYARENA code . Went to my bank to complain they say they wouldn't know who did it.
I was advised to change my card. Henceforth I dont use any POS that is not FBN or Zenith bank branded.

15ssDRIVE:


Yes sir,I know ...

Do you also know we have some thing called Gray market ? Or underground market ?

Fussion1000:



In your previous post, you made emphasis on "buying" POS , you were saying categorically as if its been sold in open market, ...... ..within a twinkle of an eye, you changed to Gray & underground market.


This is how misinformations are traveled like a wild of fire.

15ssDRIVE:


Oga mi sir, I was talking about POs that are not issued from the banks. The ones your buy only from the dark market with the main porpoise ,of skimming your details.

I hope you understand now ?? No be every clothes dem dey dry for sun.

Fussion1000:




POS can't be issued outside bank sir, POS is product that is highly sensitive, and no bank will want to involve in a market which can tarnish her image.

Even ur so called grey market, the products are genuine and not with purpose to defraud public.

Bye.

temmytee2309:
My mum account was cleared of 306,000 naira in June using this same format.
We are yet to recover from it.

15ssDRIVE:



My brother, what you don’t know,you don’t know .


This one no be school education oh.

So forget it..... in this area you be new comer... I hope you get it .

Fussion1000:




POS can't be issued outside bank sir, POS is product that is highly sensitive, and no bank will want to involve in a market which can tarnish her image.

Even ur so called grey market, the products are genuine and not with purpose to defraud public.

Bye.

Missionaire:


I'm telling you... To even show you how useless they are, they were telling me that Pay Arena was a UBA stuff thereby insinuating that the fault could be from their ATM. Can you imagine??

Missionaire:


Oga... It seems you are new to Nigeria.
There are no impossibilities here.

How do SARS officers get POS machines that they use for extortion?
Isn't it a bank that gave it to them?

What about armed robbers who use POS machines for robberies?

How do you think banks make and declare huge profits? It is from all these side hustles while they maintain a professional stance in public.

Oga... Many handshakes take place under the table and as the other guy said, no be every cloth them dey dry for outside.

Just pray to not be a victim.

Fussion1000:



Oga stop arguing imaginary thought as a real, if you go to bank and asked them you need POS after verification with particular location, if they confirm no other that bank ATM there, bank will give POS for you, having giving u, u can take it to other locations, high way inclusive, to take money from public,

In case of police they will force guys to use their ATM to withdraw money, if they do that, it will seem as legal transaction and for real its a forced legal transaction and not clown as u portrayed it
.
u re hell bent in ignorance, am not here for debate, seek information to knw that ur assumption is wrong

Bye.

supercase1:

sorry for the loss,but to be on the safe side please avoid using POS for any atm transactions.it seems local right? but I have always had this strange feeling regarding POS transactions except for making deposit only instead I rather enter que at ATM than this post of a thing because I noticed that so many Yahoo boys now operates POS bussinesses