frequency of credit card fraud, cash management company crazy
lack of exposure to credit card cash
law, profits of the unspoken rules behind how to
journalists to investigate, uncover the veil of a deformed industry
Hello, here is the second program of CCTV Economic Channel, Welcome to \ One day early in May 2009, Bank of China Beijing Branch Security Department staff reported to the Beijing Public Security Bureau Chaoyang Branch, said they were on the Bank's trading system to monitor the process,
belstaff jackets, discovered a very strange phenomenon.
Li officers: they found a clothing store, which in just ten days time inside, it's credit card records and more particular, more than a hundred, the failure rate of its credit card particularly high, reaching percentage The sixty or more.
bank monitoring data show that in April 10 to April 27 just ten days time, which the store's POS machine credit card transactions are 142 document records the amount of consumption reached 88 million yuan, and All credit card transactions are carried out by foreign , this series of credit card transactions was extremely unusual.
Lee Police: We were the first time found the clothing business, is to ask her such a situation, when the man she admits that indeed the middle of April, when this POS machine was rented to a person.
Chen is the operator of the store, she said, with her who rent POS machines Wang, two people did not know before the day Wang directly to the store, with Ms. Chen said, he has a Maihua friends, and recently a number of foreign customers, the POS machine is not available outside their own credit card business, so want to Chen cooperation.
Chen: See if you can say you put on your POS machines lend me, I rent, rent that one day I'll give you a thousand dollars.
a thousand dollars a day rent, and their need to pay any cost, no more like Chen, Wang, readily accepted the request.
Chen: the first way, then brush the tens of thousands of dollars, and to list a few, I really did not suspect him, and then the money was taken from the bank to him.
days, the Miss Xiang Chen Wang rented a total of four POS machines, each time to come back two days, Chen is also in accordance with the requirements of the other party, or by bank transfer is the way to take the money to the king A the same time, Wang Chen will rent to.
Chen: that a thousand dollars a day, and then the last thing he is not more than 40 million, he said, Miss Chan left you ten thousand dollars, to he gave me a total of sixteen thousand.
This is a foreign credit card information stolen, making Weika to cash in credit card fraud, credit cards, overdraft is mainly used for consumption, can also be a limit on the amount to cash, cash advance amount can not exceed half the amount of so-called credit card cash, meaning the credit card holders do not bank counters or through formal channels such as ATM machines to withdraw cash, but through POS machines to create false consumer cash in advance cash, Wang mentioned earlier should be the most from fraud external link.
police soon arrested several suspects, the suspect has a large offshore Weika Zhang, Yang and named Ma is responsible for providing POS, Wang Yang and named Ma is employed, the business households to borrow POS machines. Meanwhile, police recovered a magnetic stripe in addition there is no pattern except the text of the \
interview, reporter learned that a large number of offshore Internet credit card information was recklessly reselling, outlaws bought the information, it is easy to be produced Weika, in order to take out cash, criminals also a variety of means, The most common is the use of POS cash machine.
Li Officer: I can use POS machines such as credit card, we can also go directly to the mall to spend, that is, buy this card, we can also use the ATM machine to cash this way, but the latter two ways to do this may be against him, is his own risk coefficient is relatively high. / Why is this person such as a Chinese, so many foreigners took the card to spend, then you go to ATM machines to card, then maybe we will then video equipment to record your physical characteristics, the / it as I rent a POS machine, and I in a closed, like this house to me, I wanted to do it much, how much can brush.
POS machines, which in this case, became the tools of crime suspects. And in recent years, credit card fraud cases were uncovered, the suspect more and more people use POS machines to cash in cash. We have reported in 2008 part of Fujian Longyan credit card fraud, police cracked the case, the suspect purchased a large number of online Cao Zhongxin personally identifiable information, and then apply for credit card fraudulent use of another person's identity, credit card hand, and then through a number of businesses or intermediary use POS machines to cash in advance cash. During the interview, the People's Bank Payment and Settlement Division, told reporters Ouyang Weimin, credit card cash acts against huge credit not only become breeding grounds for crime, or even seriously affected China's financial order .
Ouyang Director: The first is with the issuing bank losses, the loan losses caused a substantial loan. The second is damage to the stolen information to those with the interests of cardholders, / losses and reputation, loss of reputation that is great , it will affect our credit card for the public, for the entire banking system, and even the whole of China security concerns of the financial system.
easy to unscrupulous elements in addition to ordinary credit card users cash in through false transactions to financial institutions will conduct a huge risk.
Zhu Director: it (cash) are motivated by many, some to solve the financing problem of SMEs, some for their own investment needs, some simply fraudulent bank funds is to exist, whether it is Which triggered motivation for these industries in our financial institutions seem to be a high-risk industries, it is generally not hesitate to sacrifice the cost of credit to obtain bank financing, and its overall risk profile is very large, so eight per cent of the general cash, ninety will become bad .
reporter learned that the current credit card cash has become a mature industry, the Internet's leading search engine, enter \ These sites claim to offer credit card cash services, then the service is targeted at those sites who get their benefits but also how it?
in this is called \ find the location of this company.
The company has only a small room less than ten square meters, only one staff member, a desk stocked with several POS machines, a money detector, and a laptop computer, the staff member that they engaged in the financial center is actually a credit card cash, she took the initiative out of cash in a few other people left notes.
staff: brush so much, you see not, people with a card that has nothing to brush twenty-eight thousand, twenty-eight thousand, more than nineteen thousand, / more than ten thousand, a million there, it does not , this is more than ten thousand, which are more than ten thousand, so that (brush) card, are particularly vulnerable, you do not know.
reporter took out credit cards, offered to extract the 5,000 yuan in cash, the other says the amount of fee is 2% of credit card, cash in the amount of fees to be greater the more expensive.
staff: brush more can be less, I give him general brush million of 1.8%.
quickly closing the deal, the other party immediately point of 5,000 yuan in cash to reporters, journalists paid a fee of 100 yuan, the staff said they only need to pay a fee to the bank card,
belstaff panther jacket, the rest is that they profits .
staff: for example, you brush on my machine, brush cap (POS), brush your 50,000 dollars I received was 750,750 1.5% Bank need only take 50, I am of course very much to make money.
reporters in an interview that, in general, credit cards, bank counters or through formal channels such as ATM machines to withdraw cash, line of credit can only extract half the fee at about 3%, but have to pay extreme of the day Five of the interest, cash in the POS machine, you only need to pay to cash in up to 2% of the fee, and all the credit limits can be set out, you can enjoy up to 56 days interest-free period. Thus,
belstaff motorcycle jackets, there is a certain cash requirements of the credit card users will naturally find the cash you to cash in cash.
Xiao Zhao in Beijing Zhongguancun
a business, in running his own shop, but also use their credit card cash POS machines some of the business contract. Xiao Zhao frankly, Zhongguancun liquidity in many shop operators are dependent on credit card cash advances.
Xiao Zhao: You say I am a friend of it, he opened the company, is to do some specialized products, do some goods, he needs the cash relatively large, may be a one-time needs, less time may take up to 20 million, may need more time thirty-five million, of course, may not be such a high credit limit, but his card number, because he has several staff beneath it, or even friends and relatives say he is to do a credit card, each person probably three to five, should all be in a high amount of ten thousand twenty thousand, the highest may be forty or fifty thousand, and he is holding the cards over and then brush.
this way, only a few thousand dollars to pay fees to connect easily with a few hundred thousand dollars interest-free short-term liquidity, but the money is to be returned to the bank after all, if the repayment period not on how to do, so he gave birth to another intermediary business cash - on behalf of the repayment.
staff: For example, today you 5000 dollars in my brush, then your next month (bills) credited into account, and owed the bank, you 5000 dollars you are working, but come, you come to us to give you, also into the future, brush from your card out.
cash into the money to an intermediary for the client credit card payments, after credit card will be the same amount of money put away, and once again charge a fee, so that the cost of credit card outstanding interest-free time and can extend hundreds of days.
Xiao Zhao: He can always have these two or three hundred thousand to do anything, when he needs to repay, I will help him to put these cards to all banks also lost, when it also finished after I then painted all of these cards to my account, so he never could have before him the money to go brush.
Xiao Zhao said the Zhongguancun business gathered in great demand for cash, a lot of cash in the company spotted this huge market, settled here, where the cash the company more \ According to Xiao Zhao's instructions, the reporter came to the office located in Zhongguancun e world's cash company.
cash in the company's outside of this there is no plaque, that reporters want to use credit card cash, the other side will welcome journalists into a small compartment, after some exchanges, the company's staff to take over from the other room, a POS machines, too, need cash charges 100 yuan 5000 yuan. This station cash machine to play the notes POS display, Shijiazhuang City, Hebei Province, the business name is a tea shop.
staff 2: The Jade Fuk operation of the gifts of tea,
belstaff online, that is, you buy the tea and gifts.
staff told reporters that they handled more than POS machines belonging to different industries and companies, they will follow the amount of cash the size of the customer to provide the appropriate POS, should the bank details.
staff 2: as you have a big consumer, we have a large consumer items, building materials, auto parts, which belong to the large consumption of thing.
journalists stay here ten minutes time, the staff of this company several times to withdraw cash from the bank downstairs for customers to cash.
unannounced visits to a number of journalists
credit card cash companies, which funds water every day to hundreds of thousands from the hundreds of thousands range, the daily profit of about 1% of water resources, high income surprising. The Gengrang journalists hard to believe that the process of credit card cash in the experience, these companies do not process cash cardholder's identity, nor to check the signature on the instrument, that is,
outlet belstaff, anyone who mastered the credit card the password, you can cash in the card. Cash each company varies from three the number of POS machines of two, a dozen sets of POS machines are so much come from?
As a rule, companies or merchants for POS, need to provide business license, tax registration certificate, bank account permits a range of materials, POS machines issuing authority must be real names of the business review and on-site review, which no place of cash you do not have any products.
Xiao Zhao: He has a deep relationship between a bank, possibly within the bank or a bank he had supernatural powers, the majority of such comparisons, he can to help him to handle a variety of industries POS machine, but without that relationship, there is another, he can go, for instance, today I can go to a clothing store, clothing store owner that I am familiar with you are friends or fellow, or friends Through him, you do a POS machine, because, as we do not have POS machines are very easy to do, a company can do one or two to do so, you do use one of your own, you should apply for a mobile, Or do the other one, you lend me to use, I rent, right.
In addition, there are some companies able to provide \.
Reporter: You are able to do there, POS machines?
staff 3:
Reporter: Are you there, POS machine is how do ah?
3
staff: the need for you to provide (business) license, and your identity card, and you can do multiple machines, a machine with a built-line card, Beijing, China Construction Bank Card, China Construction Bank Card Copies of these out.
Reporter: can? The business license if I could use a friend or someone else's it?
staff 3: Yes, with friends, you need it legal to write a power of attorney to you.
other said, POS machine can handle the down within ten working days at a cost of 3,000 yuan, and their claim to the identity of the journalists by surprise.
Reporter: Here is your POS machine agent are you doing?
staff 3: Yes, we CUP Guangdong, the Guangdong CUP put POS machines.
agent according to the company's view of this, as long as business license, either their own or borrowed, you can run down POS, but if not get a business license how to do it? Another company that journalists make unannounced visits to more resourceful.
Reporter: Do you how to do this POS machine is it?
A: I was in the field, the field I have a friend put special POS machines.
Reporter: put POS machines?
A: Yes, generally all POS, POS machines that region he passed through his hands.
Reporter: banks, right?
A: yeah. So there is this relationship.
Reporter: do this if we are to the specific process?
A: ID card one, on it.
Reporter: gone?
A: pay some deposit.
reporter for falsely claiming to POS, but they have nothing, the other said no problem, but for this higher cost of POS machines, you need to twelve thousand dollars, because he needs to get through many relationships, a fictional shops. The other just out of a run down the procedures for others,
belstaff brad jacket, indeed, business license, tax registration certificate, seal, financial chapter everything.
A: This is the business license, tax registration certificate.
Reporter: This is what we do is set down?
A: This is an all to you, this thing I do not stay, then this is the copy.
The man told reporters that he now has three POS, through this channel for their own identity, in addition restricted to the agency POS, he also did business credit card cash, in the dark the course of the visit, the agent who received a customer's phone.
A: while I have time, I'll let you do it, while next to no time to do for you, big brother, good-bye Big Brother, watching the right, which in turn sixty thousand, and three six -card million, we cost ninety dollars, we accept him nine hundred dollars, we look to (make) more than eight, is not it.
the other said, his day's income of not less than 2000 dollars, and they are actively looking for business came to the door. Very interested to see a reporter, he encouraged reporters have been doing this.
A: Do not be afraid to spend money early, direct hit ads, and the crazy hit.
Reporter: Online face?
A: One is online and a newspaper, plans to come up with twenty thousand dollars, into advertising.
The agency claimed
POS machines, and myself in a well-known Internet search engine to run advertising, his own website clicks by search fee be paid to the search engines.
A: a search card, I always came in first, this is a point about two dollars, two points about that.
Reporter: how to find a site to do this?
A: have to find the internal one.
Reporter: Do you not to talk to him directly?
A: No, do not talk to him about, and now state controlled, with the word cash, credit cards, because it is associated with this ad is not to do.
April 27 this year, the People's Bank of China, China Banking Regulatory Commission, Ministry of Public Security and the State Industry and Commerce Administration jointly issued a \ review of credit card ads, advertising shall not contain credit card \ However, there are policy measures to counter, the reporter found in the survey, some well-known search engines still doing this business.
in Baidu search for the keyword \ Key words changed to \ credit card cash services.
Moreover, some newspapers also published on the cash advertising racked their brains to the Beijing local newspaper has been published on the credit card cash advertising, the four ministries and agencies issued \ Notice against credit card crime, \ These ads are in the end is doing it, the reporter's phone number through advertising made contact with each other.
Reporter: I saw your ad in the newspaper, which is credit card business?
B: Right, right, right.
Reporter: I see only read access, and also ah
B: Yes, we do take credit cards now, and on behalf of the repayment
Reporter: Advertising is now only get to play it going?
B: Yes, yes, taking also.
driven by economic interests, the publisher of advertising provisions of the competent departments, double face, loophole, walking a fine line, in many cases, they even make plans for our customers, to avoid audits.
reporter went to an advertising agency, the company agent with a number of newspaper advertising in Beijing, a reporter wanted to publish the contents of each other as \ and the newspaper staff to contact the call.
C: Let that still says \ \
reporters: \
C: Yes, this \
Reporter: is the \
C: newspaper that side and I just called, it should be it.
The staff also took out an ad for a ready-made recommendation to reporters.
C: a \
as long as willing to pay, an identity card under the POS machine can do, as long as willing to spend money to advertise the relevant provisions can be bypassed, as long as advertising, the business will be steady stream of cash, active site, which gives financial order and security caused great financial risk, and in the back of these risks, POS machines issuing authority also to blame.
reporters in an interview that, POS machine for each completed credit card transaction, fees twenty percent of POS machines owned by the issuing authority all the while issuing bank and the China Union Pay a fee of seven percent, respectively, ten, and ten percent.
Ouyang Director: From the acquirer, it think it cloth the POS machine, as long as the card, it can receive the fee income alone, but the risk it does not matter, because the risk, and finally this loan out, out loss of funds by the issuer to take, so do not mind it, so this is why acquirer, the light fabric of the POS machine, but not very serious to the auditing business in the real-name system and the implementation of the inspection system is not to be examined, a very important reason.
Director
Ouyang said the cash in the face of intensified credit card illegal acts, the PBC and relevant ministries, agencies are taking measures to cope with.
Ouyang Director: four ministries jointly issued a notice, prepared to do a major overhaul the country, including us and the Ministry of Public Security established the Office of the United remediation bank card crime, including bank cards we require the number of suspicious transactions, money laundering Some aspects of behavior to do monitoring, screening and transfer and so on.
credit card cash on the financial order and safety hazards in consumer great card, but credit card holders and illegal behavior is still in the intermediate cash legal \ regulations rather than state regulations. Reporter was informed that, at present, the People's Bank of China, Ministry of Public Security, China Union Pay is promoting and co-Supreme Court and the Supreme People's Procuratorate credit card cash as soon as possible and punish the illicit brokering of judicial interpretation, to combat credit card cash basis of criminal law enforcement. Well, here is the \
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