Keyed Scam Scheme and Stolen Credit Card Numbers

Keyed Schemes

• The Method: Fraudsters obtain card data via phishing, data breaches, or physical skimming, then manually enter this information into a payment terminal.
• "Card-Present" Fraud: Even if a thief has only the card numbers, they may use them at a store, posing as a "card present" transaction by keying it in, which increases the risk of fraud, note TD Bank and Tidal Commerce.
• Risks & Costs: Keyed transactions usually have higher processing fees and are more susceptible to chargebacks.
• NFC "Ghost Tapping": A modern variation involves "ghost tapping," where thieves use hidden, high-frequency devices to steal card data wirelessly in crowded areas, report YouTube and YouTube.

Protect Yourself

• Inspect Terminals: Before using an ATM or gas pump, look for loose, crooked, or damaged card readers, advise Facebook and the Federal Bureau of Investigation (.gov).
• Use Chip/Tap: Always prefer using the EMV chip or contactless "tap" over sliding your card, says Feedzai.
• Monitor Accounts: Regularly review bank statements for unfamiliar charges.
• Use Digital Wallets: Using Apple Pay or Google Pay creates a unique, one-time code for transactions, making it much harder to steal data compared to physical cards.

If you suspect you are a victim, contact your financial institution immediately to freeze your card, advise the Office of the Comptroller of the Currency and Experian.