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Elaborate credit card con still works

MSNBC.com: “The simple but ingenious “credit-back” scheme essentially lets a criminal turn a merchants’ credit card terminal into a printing press for money. It exploits a fundamental flaw in some credit card processors which allows consumers to buy merchandise with one credit card, then allows them to return the merchandise and receive a credit on a different card.”


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http://www.msnbc.com/news/844216.asp

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This entry was posted on Tuesday, December 10th, 2002 at 9:59 pm and is filed under Headlines, Security. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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