In place of a signature, it has a notice that the account holder has given permission to have money withdrawn from his or her checking account to pay bills for goods and services. The criminal calls a consumer and announces that the consumer has won a cash prize. Once the consumer provides the account information, the criminal prepares demand drafts and withdraws funds from the account. A representative of a criminal organization contacts potential credit card users and promises to arrange for them to get VISA or MasterCard credit cards. The representative asks for checking account information to issue the card and, when the information is provided, prepares demand drafts against the consumers' accounts.
Telemarketing frauds can be successful when customers reveal confidential account information.