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Texas Police Say Prepaid Card Cloning Is Increasing

Mercator Advisory Group by Mercator Advisory Group
January 6, 2012
in Analysts Coverage
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mobile shopping concept - virtual shop on phone screen and hand holding plastic card

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Police departments in the Texas towns of Plano and Mesquite are investigating a fraud scheme were someone drained three prepaid cards purchased by a woman in Plano at a Wal-Mart store. The woman sent the cards to her son in Ohio as a Christmas present, and when he tried to use them, the balance was $1.96 instead of the $100 the mother purchased.

Mesquite police are investigating the fraud. They want to take a look at surveillance video at the three stores where the purchases were made.

Plano police told News 8 that similar crimes are rising in their city too, as criminals are getting more sophisticated.

The news report from a Dallas Fort Worth television station says that Wal-Mart was pulling prepaid cards from its shelves. The story highlights how prepaid cards can confuse customers in that the customer is seeking a refund from Wal-Mart, which was not the issuer and may or may not have been the program manager. Companies need to have clear plans in place to address these kinds of issues.

Click here for more.

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