Credit Card Fraud

[2902326]

JoeIskor Wrote:

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> Do banks see when a card is cloned?

Did you really need to reserect an 11 year old thread to ask that question?

[Penguin68]

To answer the question - banks don't 'see' the act of cloning (or it wouldn't work), but their security algorithms pick up unusual usage activity, which a cloned card would demonstrate (i.e. close to simultaneous transactions geographically separated, unusual purchases etc. etc.)

[RichH]

Penguin68 Wrote:

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> ...but their

> security algorithms pick up unusual usage

> activity, which a cloned card would demonstrate

> (i.e. close to simultaneous transactions

> geographically separated, unusual purchases etc.

> etc.)

That's the theory but unfortunately, in my experience, this often doesn't work as expected. On two separate occasions, albeit several years ago, whilst driving in London (and thereby paying the Congestion Charge via Autopay on my credit card) I was apparently also in Bangkok paying for some rather large hotel bills! And yet, on another two occasions when making substantial (but not unusual) payments in a particular shop, my card was incorrectly blocked. I hope the AI has learned from its mistakes since then.

[Penguin68]

That's the theory but unfortunately, in my experience, this often doesn't work as expected.

The only card cloning I've had has been picked up quickly (even before the bank paid out to the merchant) - and the algorithms are getting better, but of course different issuers use different security algorithms and staff their security centres differently - some are 24 hour - some use their AI IT to immediately block transactions and then only review the machine decision during 'office' hours. It would be possible (in the case you quoted) that an authorised user (spouse?) was driving your car in London whilst you were travelling in Bangkok on business - in which case blocking either transaction would have been more than an annoyance. I've had something similar - luckily my card issuer put a hold on the transactions (not the card) until they could clarify that the transactions were kosher or not. Sometimes banks can put a temporary block on a card and then clear it if transactions are seen as 'correct' - but some issuer's processes require a complete card re-issue once a perceived problem has arisen. It's always a good idea to carry a couple of cards in case that happens to the one you're using.

[Siduhe]

Two new posters, both created at pretty much the same time, both have made a couple of innocuous but irrelevant comments on other threads, then one resurrects an old thread and the other post spam links. This is about the fourth or fifth time this week (different posters, different threads). It's spam, just a bit more ingeniously done.

User Profile : JoeIskor

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[RichH]

@penguin68

Yep, that's a fair point. In my cases the card issuer was perhaps unlucky enough to get it "wrong" from my perspective on four occasions. Where my transactions (not the card as I perhaps misled you earlier) were blocked I did indeed have a trusty alternative to use to save myself from a potentially embarrassing situation.

Anyway, perhaps this thread can be laid to rest once again... for a while at least :)