13 May '13, 8pm

IT Hiccups of the Week: Programming Error Rejects Unsuspecting Oregon Trimet Riders' Credit and Debit Cards f...

IT Hiccups of the Week: Programming Error Rejects Unsuspecting Oregon Trimet Riders' Credit and Debit Cards f...

For years, officials at Portland, Oregon’s, metro TriMet bus, light rail and commuter rail transit system have been trying to deter thieves using stolen credit and debit cards from purchasing TriMet transit tickets as a way to quickly cash in on their theft before a card is reported stolen. According to a 2011 story at the Oregonian , the thieves' modus operandi is using a stolen card to purchase an $88 TriMet pass at a ticket machine, then selling them for huge discounts in a thriving local black market . The fraud costs the transit system tens of thousands of dollars, the article says, because TriMet has made transactions using plastic so easy that “credit processor Visa requires it to cover the cost of every ticket purchased with a stolen credit card.” In 2012, Visa charged back US $95 389 for fraudulent transactions.

Full article: http://spectrum.ieee.org/riskfactor/computing/it/it-hiccu...

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