You may not know it, but you’re likely at risk of encountering an ATM or gas pump skimmer this summer. And if you use a prepaid debit card, you might find Sylvia Powers’ experience with a card skimmer of particular interest. She swiped her American Express Bluebird card at the pumps of her local gas station, and a skimming device secretly recorded her information. Then, thieves duplicated the prepaid debit card and quickly began draining Powers’ funds.
Powers assumed American Express would protect her against this fraud. She assumed wrong. “My prepaid debit card was drained by a skimmer at the gas station!”