Credit card scam takes €200k from businesses

Sophisticated credit card scammers have hit at least 50 merchants and taken €200,000 in bogus credit card payments.

The Irish Payments Service Organisation warns that scammers are cold-calling retailers claiming to be engineers from card payment processing companies to dupe them into making dummy refunds.

“The scam involves a number of individuals phoning shops and purporting to be engineers from their merchant acquirer [card payment processor]. They name the correct merchant acquirer and claim to be managers,” IPSO said.