Midwest America Federal Credit Union has reportedly restricted the use of debit-cards to minimize the losses arising from debit-card frauds.
"Recently staff at the credit union began seeing problems with transactions in those two states, and now the same patterns of fraudulent card use have started cropping up in other states," Mike Woehnker, vice president of marketing for the credit union was quoted as saying by news-sentinel.com.
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"Automatic transactions — such as monthly withdrawals for cable service, for example — have shown up as leading types of transactions targeted by criminals, he said, but they’ve shown up in many kinds of transactions," Woehnker added.
However, he did not reveal the type of restriction, the credit union want to adopt.
Woehnker further said the credit union has taken the preventive step following rise in fraudulent card use in other US states.
"Whoever’s behind these (frauds), they are really masterminds," he said.
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By GlobalDataIn order to ensure maximum safety during the transaction, the credit union has requested it members to make their purchases with a personal-identification number.
