Fraud in the News

Fraud in the News

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Written by: Emily Primeaux, CFE
Date: January 1, 2017
Read Time: 2 mins

Fake payment for fast food

According to the Dec. 1, 2016, Herald Sun article, Teenagers using credit card fraud to steal fast food, by John Masanauskas, fast-food outlets like Hungry Jack's, Krispy Kreme and McDonald's have been hit by teenage fraudsters using stolen prepaid Australian Post Visa credit cards to steal hamburgers, chips, drinks and other items.

According to the article, Australia Post confirmed that an unusual glitch affecting food outlet payment terminals has enabled the purchases to be processed as if they were actually paid for.

According to the article, a Visa spokeswoman said, "This issue was the result of a unique set of technical circumstances on the impacted merchant prepaid cards and payment terminals that are not easily replicated. The merchants and financial institutions involved are working hard to update the configurations on the cards and terminals to ensure this doesn't happen in the future."

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