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Paypal's president loses finances through fradulant transaction made from his credit card

David Marcus's credit card gets cloned while he was away in UK and transactions were made from it

Feb 11 2014, 1:27pm CST | by

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Paypal's president loses finances through fradulant transaction made from his credit card
 
 

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Paypal's president loses finances through fradulant transaction made from his credit card

There have been times when people have lost their Paypal holdings for absolutely no reason and no mistake on their part. This usually happens after a mysterious transaction has been made and you might just be tempted enough to curse the Paypal platform no matter how much it has helped you in the past. Well here is a situation full of irony which surely will be enjoyed by those who have suffered at the hands of Paypal.

David Marcus, the president of Paypal, has claimed that someone tried to clone his credit card by using a skimming device. While the president of Paypal was in UK, someone took the maximum advantage of it and made a handful of fraudulent purchases. While some of you are reading this and thinking aloud that this was his time for payback, the president claims that this incident wouldn’t even have taken place if the merchant accepted Paypal for transactions. Because then the company would have masked away the card number and the skimmer would have been useless at the end. This is a point well noted by Mr. Marcus and we sincerely hope his lost finances get recovered soon.

source: twitter

 

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<a href="/latest_stories/all/all/32" rel="author">Ahmed Humayun</a>
Ahmed Humayun is a technology journalist bringing you the hottest tech stories of the day.

 

 

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