Fussion1000:




POS can't be issued outside bank sir, POS is product that is highly sensitive, and no bank will want to involve in a market which can tarnish her image.

Even ur so called grey market, the products are genuine and not with purpose to defraud public.

Bye.

Pos can be issued outside bank. Is opay pos from Bank? Or moneypoint, itex, quickteller, kolomoni, etc from banks Too? There are many branded pos out there that are not from banks

Fussion1000:




POS can't be issued outside bank sir, POS is product that is highly sensitive, and no bank will want to involve in a market which can tarnish her image.

Even ur so called grey market, the products are genuine and not with purpose to defraud public.

Bye.

Point of correction.
You can buy pos outside bank. You can buy it just like you buy chewing gum or busquite.
You can buy it and take to the bank to be linked to your account. You can buy it as a toy for your kids to be chooking their cards, but not linked to any account.
Its just like buying a phone.

Fussion1000:




POS can't be issued outside bank sir, POS is product that is highly sensitive, and no bank will want to involve in a market which can tarnish her image.

Even ur so called grey market, the products are genuine and not with purpose to defraud public.

Bye.

You don't know shit.

Angrydruids:
You don't know shit.

Leave him.

Even sef... Our banks have become corporate fronts for politicians.
He thinks banks declare all these huge profits from legal transactions alone.

Missionaire:
I want to find out how possible this can be.

Whether it is from the bank or the POS agent.

Modified: These are my findings.

My card was used for a web transaction and not a POS transaction.
According to them, there is no way for them to know what it was used to purchase or received by.

I asked them how possible it could be when I have never used this card for any online transactions as it is my savings account. I was told that my card number can be copied and used without further authorization from me.

This is quite unfortunate. Considering this, I asked why they don't do OTP or any other form of two steps verification before approving web transactions with card and I was told that it is not applicable to every transaction.

Thankfully, I had already transferred most of the money from that account to a new UBA account I opened last week. The money that was used was N2,210.

It is worrisome that our banking institutions are (un)consciously aiding and abetting account fraudulent and financial crime activities.

Knowing the kind of society they operate in, they should endeavor to integrate at least two steps verifications for EVERY web transaction no matter the amount.

It is quite very unfortunate... Very very.

I buy from the internet all the time and they have a verification process that includes text or phone calls before deduction...

I suspect a close friend or relative copy your card and did this... Or a banker. Go to another branch, DM them on the bank Facebook page.

Digital transaction can be traced that is why scammers only use wire-transfer or cryptocurrency. If you give up, you would lose. If you persist, the thief would return your money. Today na 2k, tomorrow ei fit be everything.

Missionaire:


This is another angle.
Reason why I haven't taken any drastic step yey towards the POS agent.
I just realized how much POS agents with different names are littered almost every nook and cranny.

On Wednesday next week, I will be around where I used the POS. If it is the same name, then it would be very very ugly for that person.

But till then, let me be considering all angles.

POS are approved by said banks. They cannot do what you are suspecting them of doing without having you physical card pin code. So may be it's someone in your house.

nedekid:

Point of correction.
You can buy pos outside bank. You can buy it just like you buy chewing gum or busquite.
You can buy it and take to the bank to be linked to your account. You can buy it as a toy for your kids to be chooking their cards, but not linked to any account.
Its just like buying a phone.

It seems I might stop using POS o.

meezynetwork:

Pos can be issued outside bank. Is opay pos from Bank? Or moneypoint, itex, quickteller, kolomoni, etc from banks Too? There are many branded pos out there that are not from banks

It makes sense because businesses have POS. Who ever is trying POS scam in Nigeria is playing with their life.

faceland:


I buy from the internet all the time and they have a verification process that includes text or phone calls before deduction...

I suspect a close friend or relative copy your card and did this... Or a banker. Go to another branch, DM them on the bank Facebook page.

Digital transaction can be traced that is why scammers only use wire-transfer or cryptocurrency. If you give up, you would lose. If you persist, the thief would return your money. Today na 2k, tomorrow ei fit be everything.

Baba... I have done all these.
If you go through the thread, you'll discover more people with same experience.

My card doesn't even have the Security sef (the 3 digit code at the back of the card. I don't know why nairaland is changing it to security). It was one of the reasons I haven't used it for any online transactions.

I only used my ECO account.
And it's 17,210 naira not 2k.

POS business to me shouldn't even exist if Nigeria was a good country.... It's so easy to perpetrate these evil acts...

nedekid:

Point of correction.
You can buy pos outside bank. You can buy it just like you buy chewing gum or busquite.
You can buy it and take to the bank to be linked to your account. You can buy it as a toy for your kids to be chooking their cards, but not linked to any account.
Its just like buying a phone.

Lol leave... Go to AliExpress... You go see android pos tire... And integrating it shouldn't be a problem... The thing is it's not always easy to trace to them... Since it won't be instant

My own experience worst ohh last night I go a debit of 51000 as pos purchase payarena Lagos NG,I v never gone to any pos agent for transaction,I only did a transfer from UBa ATM MACHINE TO MY. IBTC BANK ON. 7TH MAY 2021,NO CREDIT ALERT I WAS WAITING TO GET A CREDIT ALERT ON THE OTHER BANK ONLY FOR ME TO GET DEBIT ALERT FROM POS PURCHASE PAYARENA LAGOS NG.V CONTACTED MY BANK FOR INVESTIGATION,COULD UBA BANK BE USING THEIR ATM MACHINE TO FRAUD PEOPLE,ON THAT FITHFUL EVENING I WAS JUST ALONE AT THE ATM MACHINE STAND AND I OBSERVED A STAFF OF UBA WAS WORKING ON THE OTHER MACHINE INSIDE..HMMM CNAT BELIEVE MY 51000 HARD MONEY IS GONE