This is really alarming. One usually doesn't think too much of swiping one's card on a POS machine, especially in a mall or some reputable place.
I for one would have thought it's some promotion going on for increasing usage of debit cards.
I feel the mall management is more to blame for this than the individuals who got duped.
But sadly in our country, even reporting to the police will have little effect. I'm sure the police is very much in the loop about this scam and are getting their cut from it.
Sad.
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Edit: Just composed this email and sent it to my family members. Please feel free to circulate it.
There seems to be a new scam going on in big malls in various cities (seems to have started in Hyderabad).
These people from "Make a Deal" set up a stall in big reputed malls and ask you to pay Rs. 50 and get coupons or talktime or whatever for Rs. 250 on the spot. They also promise to send you some reebok vouchers or something by post.
The only catch is you have to pay by your debit card (not sure about credit card). Once you swipe your debit card, they capture the card details on their machine, and after some days, large transactions start showing up in your account.
Remember, all that is needed to make physical point of sale (POS) transactions from a debit card is the debit card itself. No passwords or PINS are required. And the money is gone as soon as the card is swiped. So if they clone your card and swipe it anywhere, that money will be gone from your account and it'll be a lengthy process to get it back from the bank (if at all). I'm sure they will be able to forge your signatures on the charge slip since you already signed the charge slip the first time you swiped the card.
So beware of handing over or swiping your card for any deal which sounds too good to be true.
It's better to use websites like
www.snapdeal.com for deals, since there is a lot of security built into online usage of cards, but not so much in the physical usage.
And avoid using debit cards for POS transactions, especially those linked with salary accounts.
Take care.
More info:
http://www.complaintsboard.com/compl...e-c450049.html http://expressbuzz.com/cities/hydera...rs/271533.html