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Financial Fraud

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Debit Card Fraud

Debit cards offer the convenience of pay-as-you-go purchasing without using cash. Unfortunately, criminals can steal the card number, PIN, and even security code and empty an account before the cardholder is aware of the compromise. Criminals do not necessarily need the physical card to access your funds. A new threat called "skimming" allows a thief to capture the debit card magnetic stripe and keypad information with a special device.

Your Defense

Never keep your PIN with your card. When using your card, make sure that no one is watching. If an ATM or a gas pump looks suspicious, it may have a skimming device attached to it. If your card is compromised, it is important to call the bank immediately. During normal business hours, call (913) 253-0170. After hours, please call (800) 528-2273.

Counterfeit Cashier's Checks

As online auction sites, online classified ads and social media have become more popular, so has cashier's check fraud. A typical fraud scenario involves a seller advertising an item on the internet. A buyer agrees to pay full price for the item with a money order or cashier's check. Usually, the buyer is from another country. When the buyer arranges payment, the seller says there is someone in the United States who owes him money.  The person who owes the buyer money offers to send the seller a cashier's check for an amount over the purchase price and asks the seller to wire back the difference to the buyer. The seller agrees because the buyer offers a small commission. The seller receives the cashier's check, deposits it, and wires the leftover sum to the buyer. However,  the check isn't valid, and the seller is wiring (and losing) their own money.

Information source: American Bank's Association