—Tom Lowry, “Thieves swipe credit with card readers; Waiters, clerks, organized crime take up ‘skimming’,” USA Today, June 28, 1999
Nor is the creation of counterfeit credit cards. Through a technique known as double-swiping, a crooked merchant can duplicate the data on a credit card through an illegal device the size of a cigarette lighter that transmits the information and allows it to be copied.
“Skimming,” as the operation is dubbed, has been a growing problem since 1997 and represented about half of all that $162-million.
—Timothy Appleby, “Chilling debit-card scam uncovered,” The Globe and Mail (Canada), December 10, 1999
—Jeffrey Kutler, “Search for a More Secure Method Of Card-Reading Gets a New Entry,” American Banker, September 17, 1980
pump and dump
swipe in / swipe out