When you get to a fraudster POS agent. He will tell you there is no Network on his POS.
*He will ask you to let him use his phone to withdraw money for you using online wallet (Quickteller, WalletNg etc)
He will collect your card to input your card details into his wallet to add your card. Below are details of your card he will input.
Interface for WalletNg
Interface for Quickteller wallet funding
*After inputting your card details including your CVV, ATM card number, ATM expiry date, Your Date of Birth. He will save your card details.
*After the transaction is successful, the money will enter his wallet and give you the cash and return your card.
*First transaction on a card, the bank will send an OTP to your phone to authorize the payment.
*When you become his loyal customer, he will be using the App to withdraw money from your account.
*After several withdrawal on your card from the app. The app will recognized your card as an authorize card holder anytime he wants to withdraw money and it will not send OTP to your phone again.
*Then, he will start withdrawing small amounts of money from your account like N100 for you to keep thinking it is from your bank.
*That is why many people always see debit alert of small amounts they can’t claim at the bank on their account. Imagine if he does that for 20 customers per day that is *N100 * 20 = N2000* on his wallet per day.
So, never allow any POS agent to draw money from your account with his/her phone. If you learnt from this article, kindly share this article on your social platforms.
