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NY Man Gets Jail Time For $390K Card Skimming Scheme

PYMNTS

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. From there, they used the information to steal customers’ money from their accounts.

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New App Pinpoints Card Skimmers On Gas Pumps, ATMs

PYMNTS

As credit card skimmers have gotten smarter, they have also gotten easier to detect, thanks to Bluetooth broadcasting that announces the presence of enabled devices. Now there is an app that can wirelessly reveal the thievery technology, as reported on Wednesday (Aug. student Nishant Bhaskar. states, the report noted.

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Bluetooth Security Flaw Makes Data Vulnerable To Attack

PYMNTS

Bluetooth has also changed the way thieves go about card skimming, with the ability to use smaller devices and download data over SMS. Card skimmers today are largely invisible to the eye, and with wireless Bluetooth technology, it’s easier for thieves to wirelessly download stolen data.

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Deep Dive: Emerging Security Threats Facing The CU Space And How Data Analytics Can Help

PYMNTS

Advances in technology are making consumer transactions seemingly more secure, but cybercriminals are still finding sophisticated ways to beat systems and commit financial fraud. Clicking can initiate malicious attacks and spyware that can steal passwords, credit card numbers and other data from browsers.

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Pride Vendors Look To Triple Sales With mPOS

PYMNTS

In this month’s feature story, PYMNTS caught up with vendors from Boston and San Diego to explore how mPOS is becoming increasingly critical to winning business at Pride events. This is especially true in North America, where consumers are still heavily reliant on plastic cards and cash payments. In markets like the U.S.,

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The war for wallets: CU Wallet to debut this year

Abrigo

Financial institutions were clamoring to offer their customers Apple Pay capabilities, too, and nearly 40 banks and credit unions are now participating issuers for credit and debit cards. While Apple Pay is the leader of the pack right now, Google Wallet and PayPal Here both have skin in the mobile payment game, too.

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Faster Cash Back, Happier Customers?

PYMNTS

Several major banks and FIs — including Bank of America, Discover and Wells Fargo, among others — offer cash back rewards on their credit card products to entice customers and encourage brand loyalty. Despite incentives, a new study found debit cards appear to be more popular than credit cards, especially among younger customers.