Scam Alert Warning, Pt. I: Phony EMV “Invoices” and All-Too-Real Skimmers

Unfortunately, both this week and next, we have a couple of scams affecting merchants to warn you about, either trying to pry money out of merchants directly, through phony invoices, or to get that money from your customers by “skimming” their credit card information.

On the phony invoice front, it turns out these scammers are sending invoices from a so-called “EMV Certification Group,” which tend to look very convincing.

Indeed, they tend to look like our sample to your right.

imageedit_1_7395168397

Sometimes other fake company names are used, like “Chip Card Merchant Registration,” all to make merchants to believe that these invoices are real. The fraudsters then ask merchants to send anywhere from $40 to $200, depending on the size of the “bill”

Even worse,  in some cases banking information for “recurring billing” purposes is requested.

If you get one of these phony invoices, or suspect something may be wrong, contact your AVPS Rep and let us know!  We will keep you updated as more about this scam unfolds.

Meanwhile,  Visa Global Payment System Risk has warned of incidents involving suspects who place skimming devices on point-of–sale (POS) terminals for the purpose of collecting the payment card information of your customers, including their PINs.

That information, of course, is then used to create counterfeit cards for unauthorized ATM withdrawals, or purchases of goods that can be resold, before the card is shut down.

There has been an uptick in targeting the self-checkout lanes in supermarkets, lately, but any POS terminal could be at risk, especially those that are often unattended, such as terminals at busy or remote counters, stands, etc.

The other pattern is that the scamsters will often target numerous stores within a geographic area for a certain period of time before moving to a new location. So two things to do in your own physical store:

  • Become aware of the placement of all POS devices
  • Stay alert for news of skimming devices in any area businesses

One of the catches?  Most of those targeted are POS devices that still haven’t been upgraded to accept EMV cards.

Don’t let this be you. Once again, contact your AVPS rep today.

We’ll have Part II of our Scam Alert Warning next week.

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