2012 Cards Fraud Operations 
PYMNTS
MAY 19, 2020
million to settle allegations that they laundered credit card transactions for scams targeting hundreds of thousands of consumers, the Federal Trade Commission (FTC) said on Tuesday (May 19). The FTC said that Ko operated First Pay Solutions LLC, an independent sales organization (ISO) affiliated with First Data, from 2012 to 2014.
PYMNTS
AUGUST 19, 2019
We are seeing gangs involved in drug trafficking and firearms offenses turning to fraud, targeting victims across the U.K. These criminals are exploiting new technologies to commit fraud, posting adverts on social media to try and recruit money mules,” he said. Fraud that was in turn prevented by the unit amounted to as much as $8.2
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PYMNTS
FEBRUARY 18, 2019
So much of the focus on fraud these days involves exploiting holes in software, hacking into systems to steal personal information and payment data, or otherwise using digital methods in heists. But recent news involving “death-spiral financing” reminds us that fraud is still conducted in other, relatively old-fashioned ways.
South State Correspondent
OCTOBER 25, 2023
The rise of card-not-present transactions for phone and then e-commerce, starting in 1994, cannibalized check volume, as did Paypal, retail ACH for phone and internet transactions in 1998. The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash.
PYMNTS
OCTOBER 26, 2018
That comes in the wake of BEC scams that are growing as a threat to companies of all sizes and industries as they conduct B2B operations. Cyber frauds are a pervasive, significant and growing threat to all companies, including our public companies,” said SEC Chairman Jay Clayton at the time the report debuted.
PYMNTS
SEPTEMBER 13, 2017
The startup is not in the business of tracking down fraudsters who may be using stolen or synthetic IDs to open new credit card accounts. Founded in 2012, Emailage it is now hitting its major growth area and has entered expansion mode. Founded in 2012, Emailage it is now hitting its major growth area and has entered expansion mode.
PYMNTS
JANUARY 2, 2019
The road has been long and winding for Australia’s march toward real-time payments, tracing its genesis back to 2012. Different countries operate on different messaging systems, a challenge that can be addressed by standards such as ISO 20022. Key Drivers in Place. Signing On, With ROI in Sight.
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