Change Your Merchant Access Code
If you are a business owner you need to be aware of a new fraud involving the use of your debit machine.
Short version: while one accomplice distracts the clerk, the other who is pretending to authorize a purchase is actually cancelling the transaction and issuing a refund back to his account. The amount of the fraud could be up to $1,000.
The key to the fraud is a generic access code assigned to these machines, which should be changed by the merchant after purchasing the machine. Merchants should change this access code.
Several males and at least one female have been involved in this newest scam.