Capt. Chronic
Active Member
Here are some comments I came across concerning pre-paid credit cards when I read an article about campaign donations to Obama using these cards and the fact that they cannot be "traced"
Comments:
"This a non-issue. As a veteran of the credit card industry (10 years) this is a non-issue. I have seen millions of transactions were people have donated to Obama. Within the credit card structure itself there is a way to trace pre-paid credit cards. You have to pay to get the information but it is there. Due to the Patriot Act (thanks Bush) anything that has to do with money can be,will be and is traced. When a prepaid card is purchased, the money is uploaded on the card. From that point the card issuer (mastercard,visa,american express) knows where the card was located,sold and what time. From that point if fraudulent activity occurs they go to that merchant and take his receipts,video surveillance,clerk who rung it up and go after the individual. All financial crimes are under the Patriot Act and best believe everything is turned over the the FBI in your area. So this is an none issue because this situation is covered under the Patriot Act to many stop gap measures. Read the Patriot Act. Posted 12:31 PM on 10/29/2008
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Actually having grown up with my best friend's father being an FBI agent, and one of my adult friends being a Secret Service agent, I have known that these arms of the government were able to track credit card transactions long before the Patriot Act. If you are committing a crime of any sort, the last thing one wants to do is use any form of "plastic". As you state, where sold, video surveillance, any information pertaining to that transaction is easily found, traceable, pinpointed.
Unfortunately, what isn't said in this article is that Obama's support comes from the "little people" - those that are low/middle income, perhaps do not have a credit card account due to cancellation/poor credit and therefore have to use one of the methods available - prepaid credit cards to make payments, move money (The predatory effect is a nice little fee being charged for the transaction on people not having "normal" means).
This is a non-issue. I guess since ACORN didn't have the desired effect, its time to try the next possible vein to cause more doubt and suspicion on Obama from the people who are kicking and screaming to maintain their power."
"
Comments:
"This a non-issue. As a veteran of the credit card industry (10 years) this is a non-issue. I have seen millions of transactions were people have donated to Obama. Within the credit card structure itself there is a way to trace pre-paid credit cards. You have to pay to get the information but it is there. Due to the Patriot Act (thanks Bush) anything that has to do with money can be,will be and is traced. When a prepaid card is purchased, the money is uploaded on the card. From that point the card issuer (mastercard,visa,american express) knows where the card was located,sold and what time. From that point if fraudulent activity occurs they go to that merchant and take his receipts,video surveillance,clerk who rung it up and go after the individual. All financial crimes are under the Patriot Act and best believe everything is turned over the the FBI in your area. So this is an none issue because this situation is covered under the Patriot Act to many stop gap measures. Read the Patriot Act. Posted 12:31 PM on 10/29/2008
- + jp5472 See Profile I'm a Fan of jp5472 I'm a fan of this user permalink
Actually having grown up with my best friend's father being an FBI agent, and one of my adult friends being a Secret Service agent, I have known that these arms of the government were able to track credit card transactions long before the Patriot Act. If you are committing a crime of any sort, the last thing one wants to do is use any form of "plastic". As you state, where sold, video surveillance, any information pertaining to that transaction is easily found, traceable, pinpointed.
Unfortunately, what isn't said in this article is that Obama's support comes from the "little people" - those that are low/middle income, perhaps do not have a credit card account due to cancellation/poor credit and therefore have to use one of the methods available - prepaid credit cards to make payments, move money (The predatory effect is a nice little fee being charged for the transaction on people not having "normal" means).
This is a non-issue. I guess since ACORN didn't have the desired effect, its time to try the next possible vein to cause more doubt and suspicion on Obama from the people who are kicking and screaming to maintain their power."
"