Brooks RCMP warn businesses about credit card fraud following local loss

The transaction was completed, and the merchandise was picked up, as the business was later notified that the credit cards had been reported stolen, resulting in a financial loss and the loss of the merchandise.

Brooks RCMP are reminding business owners and employees that an approved credit card transaction does not necessarily mean a payment is legitimate or that a business is protected from a chargeback.

Police recommend being cautious of large phone orders from unfamiliar customers, particularly when multiple credit cards are used, or unusual pickup arrangements are requested.

Businesses are also encouraged to verify suspicious transactions with their payment processor or merchant services provider, following fraud prevention procedures and avoiding releasing high-value merchandise until payment and pickup arrangements have been properly verified.

“Fraudsters can be convincing and may create a sense of urgency or provide explanations that make unusual transactions seem legitimate,” Brooks RCMP said in a release.

“We encourage businesses to take the extra time to verify suspicious purchases. A few additional precautions could prevent a significant financial loss.”

Anyone who believes their business has been targeted by fraud can contact Brooks RCMP at 403-362-5535 or report the incident to the Canadian Anti-Fraud Centre at 1-888-495-8501.

by Jett Schwaier

Brooks RCMP warn businesses about credit card fraud following local loss

Our Community