Msg#: 4264410 posted 10:27 pm on Feb 8, 2011 (gmt 0)
Long story short. Our company had a legit check to a supplier stolen out of the mail.
The people who stole it took all the information off the check and reproduced new high quality fake checks using the banking information on our real check (or cheque as I normally write it ;-) ).
A month ago, somebody in the Bronx tried to cash one of these fake checks for 30 grand. Our bank stopped it after it was deposited. So we are not out any money. We closed the account shortly after.
Today, another one of these fake checks for 90 grand shows up in Florida. The person who received the check contacted us. Turns out he was doing the reverse Nigerian on the scammers.
It started when he replied to an email from them. They offered to give him 10% for acting as a go between for our company and some bogus agricultural company in Europe and Africa. They provided him all these bogus documents detailing our "contract" between the two companies.
They offer him 10% of any checks he can cash. They gave a place to forward to the 90% to in Texas. Obviously this guy in Florida and the other guy in the Bronx will be on the hook when the check bounces.
Msg#: 4264410 posted 7:33 am on Feb 10, 2011 (gmt 0)
But if you use a secure web page the bad guys will immediately grab all your bank details.
Don't know about the situation in your country, but the banks in all the countries where I have bank accounts--both in Europe and Asia--allow to logon to the secure web portal of the bank and make invoice payments from there directly to the bank account of the beneficiary. Unless there are bad guys working at the IT department of those banks, I don't expect anyone to grab my bank details.
I recently went to the regional head office of my Asian bank with an AdSense check. They asked me "What is that? In which country do they still use them?" They had to call the national office of their bank to ask for the procedure to process it. Checks are so twentieth century...
Msg#: 4264410 posted 7:49 am on Feb 10, 2011 (gmt 0)
I use a chip card based system for all my payments. I have a banking software and a chip card reader connected to my computer. To transfer money I have to put my chipcard into the reader and type in a PIN number.
We don't use cheques and don't receive many cheques. Actually we only received a cheque once and my apprentice did not know what it was punched holes in it and filed it away.
Msg#: 4264410 posted 5:20 pm on Feb 11, 2011 (gmt 0)
Recruiting for "payment processing services" has been in the spam channels for years. In the US, those "processors" may still be used for cashing fake checks. Elsewhere they are used as recipients for bank transfers from victims where the online banking credentials have been captured by spyware. If successful, the "processor" will usually forward the other 90% via moneygram et al, so that the real recipient can't be tracked.