Joining AATAC means that our retailers will meet quality companies with products and services that will help you prosper.

A New Focus on Credit-Card Skimming

LOS ANGELES — Even as the Wall Street Journal shined a spotlight on credit-card skimming in recent weeks, reports of card data being collected at gasoline pumps seemed to come from every corner of the United States.

In Richmond, Va., investigators reported a jump in skimming devices targeting credit cards at gas stations, according to a WWBT NBC12 report. And in Grand Rapids, Mich., five people were charged in connection with skimming incidents at West Michigan gas stations, according to FOX17.

These reports comer as the credit-card industry and gas-station owners are deploying everything from sophisticated software to heavy-duty padlocks to combat the epidemic of fuel-related theft and fraud, WSJ reported.

The crackdown is gaining additional momentum because many gas stations will be among the last merchants to install equipment accepting a new generation of fraud-resistant cards. While many big merchants will have equipment in place by Oct. 1 to accept the new chip-based cards, tougher guidelines set by Visa Inc. and MasterCard Inc. don’t apply to gas stations until 2017.

That delay could exacerbate what analysts, card companies and law-enforcement officials say has been a recent surge in fraud at the pump.

“The concern is that this is still a gaping hole that has not been well addressed and now there are conditions that are going to make it worse,” Al Pascual, a director of fraud and security at Javelin Strategy & Research, a unit of Greenwich Associates LLC, told WSJ.

Gas stations make easy targets for those who want to make fraudulent purchases using stolen numbers, since pumps are usually unattended.

In addition, law-enforcement officials say it is increasingly common for crooks to rig pumps with “skimming” devices, which captures data from the magnetic strip on customers’ cards. Thieves can use that data to create counterfeit cards.

In May, Florida state officials conducted a series of sweeps that found more than 100 skimmers at gas stations.

In recent weeks, law-enforcement officials in California for the first time found devices that skim card data from unsuspecting gas-station customers and then relay the information to crooks via text message, Steven Scarince, a U.S. Secret Service agent in Los Angeles who runs a task force that specializes in gas-pump-skimming investigations, said in the newspaper report.

“Their technology keeps improving year after year,” he said. “Boy, are we busy.”

Credit and debit cards account for more than half of all U.S. gasoline purchases, according to Nilson Report, a Carpinteria, Calif.-based newsletter that tracks the payments industry.

Gas stations also are being hit by criminals who use counterfeit cards to fill up tanks hidden inside vehicles called “bladder trucks” that can hold hundreds of gallons of gas. The criminals then sell the stolen fuel to unscrupulous gas-station owners or construction sites.

“It’s frustrating how many times it’s happening. We spend a lot of time chasing it and trying to prevent it,” says Brian Decker, operations manager for SC Fuels, an Orange, Calif.-based distributor that also operates retail gas pumps.

Click here to read the complete Wall Street Journal report.

Author(s): 
Steve Holtz

jota

About jota

Vendor Application

 

Toll Free: 888-662-7780

Here at AATAC we are always looking for companies that may enhance our member’s businesses and better the industry as a whole. If you are interested in becoming a preferred vendor within our network please fill out this information form.

Send info and materials to our receivables office:

503 E. Jackson St. STE# 141
Tampa, FL. 33602

×

Answer

Answer the Question of the Day by filling in the information below and send it to us for your chance to win the prizes and exclusive discounts offered only to our members!

×

QOD

Located on the front page of our national website is a field called “Question Of The Day” (QOD). Each day we post a different question about the products and services that are presented through our website. The answer to this question can be found on one of our partner’s web pages. Our members will navigate through the preferred vendors page to find the answer to your question while subconsciously educating themselves about your company! AATAC effectively selects members who answer the question correctly to win rewards which include; rebates, complimentary services, cash, promotional offers from vendors, prizes, giveaways, etc. *Your QOD should be 1-2 sentences in length and can not name a specific product or company within the question. 

Here are some examples:

Which preferred vendor offers your customers a 99% accurate drug test that reads results in five minutes?  

One of our partner’s provides important compliance training classes in a virtual setting for a low cost. Who is it?

×

Your Vendor Category

When your logo and redirect are added to our preferred vendors catalog it offers two very important elements to members:

  1. It tells them that your company has been vetted and approved for business within our network. 
  2. It encourages them to visit your website where they can learn more about your company. 

*IMPORTANT:

 

 

×