PYMNTS

NOVEMBER 16, 2020

Such security methods can be critical to preventing fraud that targets mobile users, of which one of the most prevalent types is SIM swap fraud. Once you have that blank SIM card, all you need to do is convince the carrier to transfer a phone number to that same card, and that's it. Why Fraudsters Swap SIM Cards.

Fraud 178

Fraud US Mobile Las Vegas 178

PYMNTS

OCTOBER 26, 2018

Following a data breach at learning platform Lynda in 2016, two hackers were indicted in Florida this month on charges of extortion and hacking. One alleged hacker lived in Florida, while the other was a Canadian citizen who was a Toronto resident, according to reports. drivers’ license numbers.

Florida 134

Florida Data Security Report 134

PYMNTS

JULY 27, 2016

Credit card fraud complaints in the U.S. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. At the state level, the number of credit card fraud complaints were much more pronounced.

Fraud 100

Fraud Cards South Dakota West Virginia 100

PYMNTS

SEPTEMBER 23, 2019

As we noted in the recent Digital Banking Tracker, the CNP fraud has taken a leg down in favor of fraud that looks to snag credit card numbers. They took the details and applied for credit cards. Check Fraud, Too. Vendors even made payments to Jelfo’s credit card accounts, according to reports in patch.com.

Cards 124

Cards Data Florida Fraud 124

PYMNTS

MAY 28, 2020

The Internal Revenue Service ( IRS ) wants to make sure you don’t throw out your prepaid $1,200 government stimulus debit card. Many people have done that, thinking the cards are junk mail and discarding them, according to MarketWatch. On Twitter, numerous people have shed light on the issue.

Cards 163

Cards Payments Florida ATM 163

PYMNTS

DECEMBER 16, 2020

Welcome Technologies , which builds data-driven tech for immigrant communities, has chosen PSCU , a credit union service organization, to provide processing services and support for the first credit card program to be offered by Welcome, an online consumer platform that focuses on immigrant communities, according to a press release.

Technology 154

Technology Cards Missouri Florida 154

PYMNTS

FEBRUARY 24, 2020

But even restaurants that are leveraging mobile ordering are being faced with more avenues for fraud to enter. The partnership was first launched at Publix’s Orlando, Florida-based stores, with the service planned to expand to the chain’s other locations over the next few months. Mobile Order-Ahead Developments. About the Tracker.

Data 214

Data Fraud Mobile Florida 214

PYMNTS

OCTOBER 26, 2017

And in New Mexico, two Santa Fe government employees were placed on leave following a report that fraud is running rampant in their department. Internal fraud is, unfortunately, an all-too-common problem for businesses and government entities, especially with regards to misuse of p-cards. And that’s just in the last month.

Fraud 108

Fraud Payments Cards Policies 108

PYMNTS

JULY 17, 2017

Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a very unfair match, if you ask Skye Spear, VP of eCommerce fraud-fighting firm Signifyd. “I Classic fraud deflection is rules-based. Fraud is dynamic. It’s a business. percent in Q1 2017.

Fraud 109

Fraud Data Delaware New York City 109

PYMNTS

AUGUST 23, 2018

Darden Restaurants announced Wednesday (August 23) that the data on 567,000 payment card numbers may have been exposed. The company said payment card information — including card numbers — from visitors who went to the restaurants from Nov. 3, 2017, through Jan. 2 2018 may have been affected.

Cards 112

Cards South Carolina North Carolina Nebraska 112

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

Cards 98

Cards US Data Fraud 98

PYMNTS

DECEMBER 28, 2020

Many CUs have since leaned into these efforts with digital innovations aimed at a range of issues, such as tackling fraud or enhancing members’ remote banking access. It also offers participating CUs customized consulting services.

North Carolina 197

North Carolina Houston Fraud Innovation 197

PYMNTS

DECEMBER 12, 2017

Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. They say gift cards are the gift that always fits. Customers cannot use credits to buy gift cards and cannot redeem gift cards for more gift cards, either.

Retail 105

Retail Fraud Cards Florida 105

Abrigo

MARCH 22, 2023

Large credit card payments as a majority of debit activity, where the use of funds is unknown. The appearance of an individual or company operating as a “broker” between other companies. A business with significant funds movement to/from or between higher risk geographies, including domestic areas with geographical risks, such as south Florida, (..)

Training 195

Training Fraud New Jersey Regulation 195

PYMNTS

AUGUST 12, 2019

In a smattering of individual instances of fraud: In Canada, SaskEnergy said that it fired an employee amid allegations that the unnamed worker had misappropriated a fuel card, racking up $30,000 in charges between 2004 and 2019. The employee had been given the fuel card as part of their job, which included driving a corporate vehicle.

New York City 149

New York City Phoenix Fraud Florida 149

PYMNTS

FEBRUARY 4, 2019

Former Israeli intelligence agents or military members have taken the knowledge they gained during their service and contributed to artificial intelligence (AI), fraud prevention and other efforts that do make — or can end up making — a difference in the daily lives of consumers. Department of Defense (DOD) or NATO , for instance.

Fraud 161

Fraud Illinois Retail Security 161

PYMNTS

MARCH 19, 2019

And it’s grand strategy at that, with cross-border linkups that anticipate and facilitate (and, yes, spur) the move from cash to paying online or with cards. As reported Monday (March 18), Florida-based Fidelity Information Services (FIS) has struck a $43 billion pact to buy Worldpay, based in the U.K.

Payments 191

Payments Strategy Course Cards 191

PYMNTS

JUNE 20, 2018

Collectively, the agencies and the attorneys stated that they had 24 actions in place, all geared toward fraud attempts and crimes against small businesses through a period of several months. Department of Justice said it had arrested 74 individuals who allegedly committed fraud via business email compromise scams.

South Carolina 114

South Carolina Survey Fraud Florida 114

FICO

JUNE 11, 2020

With an October 1, 2020 deadline to have EMV chip card readers installed on the nation’s 1 million fuel dispensing pumps, the number that remain to be converted could be as high as 75%, industry experts say. Gas stations are a hotbed for fraud. Highest 3 fraud rate states: Nevada, Florida, Michigan.

New Hampshire 72

New Hampshire Alaska Fraud Nevada 72

PYMNTS

MAY 11, 2018

Credit card skimmers steal more than $1 billion from U.S. Now, after three years of study, cybersecurity expert Patrick Traynor and two Florida graduate students invented the “Skim Reaper,” a credit-card thin gadget that slides into card reader slots and can easily and quickly detect if an ATM or gas pump has been tampered with.

ATM 117

ATM New York Florida Cards 117

ATM Marketplace

APRIL 14, 2016

Two Florida retailers have sued major credit card companies and banks over certification issues related to the liability shift for bankcard fraud in the US.

Cards 48

Cards Florida Branding Fraud 48

PYMNTS

JUNE 30, 2020

Tropical Financial Credit Union , for one, is working to gain more members in South Florida by launching a rewards credit card that features no annual fee and allows users to earn three points per dollar. Each point can be redeemed for 1 cent, meaning members essentially receive 3 percent cash back on an unlimited number of purchases.

Report 133

Report Innovation Florida Cards 133

FICO

APRIL 18, 2018

FICO today unveiled several solution upgrades that will help banks, lenders, fintechs and other institutions fight fraud and financial crime. These solutions bring unparalleled efficiency and machine learning capabilities to fraud, risk and compliance professionals. FICO ® Card Compromise Manager 2.0

Fraud 53

Fraud Analytics Miami Florida 53

FICO

APRIL 8, 2021

Over the last year, the global pandemic has profoundly impacted fraud trends , with financial criminals feasting on a desperate stew of consumer loneliness, financial difficulties, boredom and desperation. A Local Twist on a Global “Secret Shopper” Scam. Here, victims in the U.S. By furnishing mules in the U.S.

Video 72

Video Fraud Florida Cards 72

PYMNTS

NOVEMBER 1, 2017

billion Mastercard and Maestro-branded cards worldwide. He noted that Mastercard’s push payment’s solution, Mastercard Send , is now capable of reaching “pretty much all debit cards in the U.S.” directly to their debit cards. directly to their debit cards. Earnings per share came in at $1.34 per share, up from $1.08

Cards 122

Cards Security Branding Florida 122

PYMNTS

NOVEMBER 1, 2017

billion Mastercard and Maestro-branded cards worldwide. He noted that Mastercard’s push payment’s solution, Mastercard Send , is now capable of reaching “pretty much all debit cards in the U.S.” directly to their debit cards. directly to their debit cards. Earnings per share came in at $1.34 per share, up from $1.08

Retail 112

Retail Cards Security Branding 112

PYMNTS

JUNE 21, 2018

It’s one of the ideals of payments and commerce, a vision that drives so much research and experimentation: Making it through a store checkout lane without fishing for a card or waving a mobile phone, or even checking into a hotel after an exhausting flight without producing a driver’s license and credit card to gain access to the room.

Technology 129

Technology Retail Florida Cards 129

PYMNTS

DECEMBER 23, 2019

billion in credit card debt and $382.9 The initiative removes friction and reduces fraud risk when members apply for loans, also reducing the potential for human-based errors. Credit unions (CUs) remain strong, despite the many challenges they face. billion in car loans, a 6.9 percent and 4.1

Data 131

Data Lending Michigan Regulation 131

Javelin Strategy & Research

JUNE 2, 2015

As we discussed in MasterCard’s Security Matters , conventional wisdom indicates that card not present fraud will skyrocket as the United States shifts to EMV over the course of the next few years. Typically, this analysis is accompanied by analogies to balloons – as one end of the fraud “balloon” is squeezed, the rest expands.

Fraud 40

Fraud Cards United States US 40

FICO

JULY 6, 2023

Beyond the pleasure of leading a FICO Falcon Fraud Manager User Forum and moderating a couple of panel breakout sessions, I I was also able to catch up with many of the fraud-focused attendees from around the world. Scams: A Top Fraud Concern Scams are becoming a leading fraud concern, all around the world.

Fraud 52

Fraud Management Customer Experience San Diego 52

PYMNTS

MARCH 4, 2020

Barry Floyd, the firm’s chief financial officer, told PYMNTS in a recent interview that the company was particularly busy during 2016 and 2017, when Hurricanes Matthew and Irma hit the company’s home state of Florida. The firm is also deploying data analytics as well as fuel cards to improve its fleet management efforts.

Management 141

Management Technology Analytics Resources 141

CFPB Monitor

MARCH 12, 2019

Credit card fraud was the most common type of identity theft report. Florida, Georgia, Nevada, Delaware, and Tennessee had the highest fraud reports per capita. Georgia, Nevada, California, Florida, and Texas had the highest identity theft reports per capita. declined by 24% from 2017.

Nevada 74

Nevada Georgia Florida Delaware 74

PYMNTS

MAY 18, 2018

The account-by-account approach worked in the past, said White, because the fraud prevention space had not yet realized the value of an email-based risk assessment approach. Strong, direct relationships are an important part of forging and maturing partnerships to foster growth. Direct relationships create a direct path to growth.

Florida 100

Florida Conference Fraud America 100

PYMNTS

DECEMBER 5, 2017

Florida Senator Bill Nelson introduced the bill, which was co-sponsored by Connecticut Senator Richard Blumenthal and Wisconsin Senator Tammy Baldwin. million to settle claims related to its 2013 holiday season data breach, which compromised 40 million customers’ credit and debit cards. In May, Target paid $18.5

Data 134

Data Wisconsin Connecticut Florida 134

PYMNTS

APRIL 5, 2019

When it comes to combating payments fraud, it helps to have insight from one who’s been in the trenches. Group three may be hackers who go in and harvest the data — the credit cards, for example. One group may have the skill set of writing the malicious code. And as for these far-flung groups getting paid?

Groups 125

Groups Security Florida Fraud 125

PYMNTS

APRIL 10, 2017

Wells Fargo found yet more fraud problems in its organization; Amazon announced some hi-tech staffing expansions and bitcoin finally found a government with the will to recognize it as a currency. Ready to make the leap? Merchant processors earned $18.15 Amazon Adds (Lots of) Staff. Japan Gives Bitcoin a Big Thumbs Up.

Bitcoin 108

Bitcoin Data ATM New Jersey 108

FICO

DECEMBER 3, 2018

In this continuation of my recent video interview with Jesse Gossman , — a police detective in South Florida, Certified Fraud Examiner, and president of the counter-fraud consulting group Bottom Line Fraud — we discuss how synthetic identity fraud is perpetrated, how the synthetic identities are created, and why they look so real.

Fraud 40

Fraud Video Case Study United States 40