I am a mobile money agent that operate different banks POS. A lot of customers always run to my office when been frauded in one way or the days. I help people in logging dispense error and fraud complains to banks on their behalf, from there I have gained a lot of experience about different method that fraudsters use to withdraw money from people’s account
Today, I let you know how fraudsters among POS agents can withdraw money from your bank account using your ATM without any OTP pins
Some POS Agent are fraudsters and some still sell your bank details to Fraudsters
Here are the methods they use.
1. When you get to a fraudsters POS agent. He will tell you there is no Network on his POS.
2. He will ask you to let him use his phone to withdraw money for you using online wallet (Quickteller, Opay, WalletNg etc)
3. He will collect your card to input your card details into his wallet to add your card. check below what details of your card he will input.
Interface for WalletNg
Interface for Quickteller wallet funding
Interface for Opay wallet funding
4. After input of your card details including your cvv, ATM card number, ATM expiry date, Your Date of Birth. He will try to save your card details.
5. After the transaction is successful, the money will enter his wallet and give your Cash and return your card
6. First transaction on a card the bank will send an OTP to your phone to authorize the payment.
7. When you become his loyal customer, He will be using the app to withdraw money from your account.
8. 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.
9. Them he started withdraw small amount of money from your account like N100 for you to keep thinking it is from your bank
10. That is many people always see debit alert of small money they can’t claim at bank on their account.
10. Imagine he do that for 20 customers per day that is N100*20=N2000 on his wallet per day.
Please, don’t allow any POS agent to withdraw your money using his phone. if there is no network on POS, wait till there is network BN or kindly go to bank to withdraw your money.
Kindly share this good information with people around you to protect their money.
