in india you can buy credit card numbers

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lucasoil4u
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Postby lucasoil4u » Mon Jul 02, 2012 1:13 pm

You got the Centurion you will never have that happen.. Or they will run like 300000 on it in a day.


MemberSince99
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Postby MemberSince99 » Mon Jul 02, 2012 5:45 pm

lucasoil4u wrote:You got the Centurion you will never have that happen.. Or they will run like 300000 on it in a day.


I wouldn't bet the rent on that. They had Indian CSRs on their high end revolver, BCP, and on the Gold card, so it's coming, might be a few years, but it's coming.

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FastSRT8
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Postby FastSRT8 » Mon Jul 02, 2012 11:32 pm

Bottom line it is all about $$ and cents. IF you can get a service for less, companies will do it.
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MemberSince99
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Postby MemberSince99 » Tue Jul 03, 2012 6:13 am

FastSRT8 wrote:Bottom line it is all about $$ and cents. IF you can get a service for less, companies will do it.


Of course they will. They will if they go out of business doing it. I've seen this first hand. The execs don't care about the harm it does to the company because they get bonuses for "cost savings".

Case in point - I worked (got out of there when I realized how nuts they were) for a large international company last year. They had offshored all of their software development to India, because it was cheaper in terms of what they paid. And indeed, it was cheaper vs what they would have paid Americans, however, even they could see (and it had to be blindingly obvious for that to happen) that they were getting very little to nothing in return for what they paid to the point the company was suffering. As a result they actually brought it back to the US, because even though it was "cheap", they got nothing back and as a result actually saved nothing but just threw away money.

So sure you can "save" money, probably as an exec get a nice bonus for it, but that doesn't mean you get the same product. You get what you pay for. If all you care about is cheap, go for it, but don't come crying to me if you end up worse off that way I won't have much sympathy for you, anymore than you had for the workers you let go who could have kept your company running.

And by the way in my personal experience also, it's very much the same with CSRs. Yes these foreigners are cheaper, but some of them were so bad I felt like whatever they got paid they were overpaid. You can barely understand them and they can't answer your questions and they are likely to mess up your requests. I had Amex foreign CSRs mess up a relatively simple request for me after assuring me she was doing what I asked her to do - nope, it was screwed up. Sometimes cheap really ain't better. I guess if Amex aspires to be like Capital One in terms of CSRs they are doing great, but if they desire to be the cream of the crop, they aren't anywhere close anymore. Whatever happened to all of their "prestige" when "cheap" came along?

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Postby KingVicc » Thu Aug 02, 2012 2:01 am

FastSRT8 wrote:WOW. That's crazy. I hope I never have to go thru that experience.


Yupp. That reminds me that I need to constantly check my statements and make sure that nothing I didn't purchase has been charged.
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khad
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Postby khad » Sun Aug 19, 2012 4:37 pm

Credit card details (along with verification codes, and billing addresses) can be bought on the black market for about one US dollar a piece if you buy in bulk. Most people’s credit card details have been stolen a dozen times over (mostly through breaches of traditional merchants).

Image

via http://press.pandasecurity.com/wp-content/uploads/2011/01/The-Cyber-Crime-Black-Market.pdf

JNK
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Postby JNK » Tue Oct 23, 2012 1:22 am

... Wow. Though, that hardly surprises me given the fact that I have heard whisperings of the same thing happening here in the US (credit card information harvesting and then redistributing to use in fraud rings) and probably not far from where I live, besides - the redistribution of stolen numbers bit anyhow.

Here's something else nice and crazy in the realm of fraud:

While I was working retail, someone called in to my department using the TTY system. Local telephone operator said that the customer was deaf and so needed help in doing a transaction.

This transaction?

+$5000 of clothing items billable on a credit card whose billing information didn't match the shipping information and when asked for ID, the caller hung up.

Turns out, the call I made to the credit card verification company alerted them to the unauthorized transaction on a credit card that hadn't yet been reported as lost or stolen which in turn alerted the card holder before it even happened.
Personal Collection:

AMEX: Everyday (MR), Macy's (cobranded)
MASTER: Citibank Dividend Platinum Select (non-World version)
VISA: Chase Amazon Signature, Chase (bank issued)
GE: Care Credit (medical expenses), Macy's (store), JCP (store)


Business Collection:

AMEX: Costco True Earnings
MASTER: None
VISA: Chase Ink Cash

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FastSRT8
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Postby FastSRT8 » Wed Oct 24, 2012 4:00 pm

khad wrote:Credit card details (along with verification codes, and billing addresses) can be bought on the black market for about one US dollar a piece if you buy in bulk. Most people’s credit card details have been stolen a dozen times over (mostly through breaches of traditional merchants).

Image

via http://press.pandasecurity.com/wp-content/uploads/2011/01/The-Cyber-Crime-Black-Market.pdf


Wow...One can buy an ATM??? Bank account with funds in it??!!! One can really 'show' themselves well if you can afford the buy in ratel
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