Visa is aware of recent incidents in the U.S. in which criminals are committing fraud through processing fraudulent purchase return transactions. The fraud scheme involves cloned POS devices, and funds are cashed out at ATMs after the purchase returns have been posted to the cards. The purpose of this Visa Security Alert is to provide clients with an understanding of the threat landscape and best practices for securing the environment.

This Visa Security Alert may be disseminated to all payment system stakeholders.

Visa is committed to protecting the payment system. As part of this commitment, Visa regularly posts data security communications on our website.

Source: The Balance.