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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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Fed Banks’ Study Reports Rise In Card, ePayments

PYMNTS

In the fifth official study conducted by the Federal Reserve Banks of Atlanta, Boston, Richmond and San Francisco, the 2018 Diary of Consumer Payment Choice (DCPC) detailed the cash and non-cash payment behavior of U.S. However, the study reported that the number still is less than the 46 payments reported in October 2016.

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Deep Dive: Why Contactless Card-Not-Present Transactions Are Gaining New Momentum

PYMNTS

Customers are also looking for options like digital and card-not-present (CNP) transactions that allow them to make eCommerce purchases as smoothly and seamlessly as possible. . Safety Concerns Encourage Contactless Card Use . consumers’ POS transactions were contactless in 2016, and only 3.5 percent of U.S. percent of U.S.

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CFPB March 2017 complaint report highlights credit card complaints, complaints from Massachusetts consumers; Ballard Spahr to hold April 13 webinar

CFPB Monitor

The CFPB has issued its March 2017 complaint report that highlights credit card complaints. The report also highlights complaints from consumers in Massachusetts and the Boston metro area. In February 2016, the CFPB began accepting complaints about federal student loans. On April 13, 2017, from 12:00 p.m.

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CFPB March 2017 complaint report highlights credit card complaints, complaints from Massachusetts consumers; Ballard Spahr to hold April 13 webinar

CFPB Monitor

The CFPB has issued its March 2017 complaint report that highlights credit card complaints. The report also highlights complaints from consumers in Massachusetts and the Boston metro area. In February 2016, the CFPB began accepting complaints about federal student loans. On April 13, 2017, from 12:00 p.m.

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Merchants Gone Wild: The Surcharge Edition

PYMNTS

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter. The ability for merchants to surcharge in the U.S. is nothing new.

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Bank of America To Update Branches In Response To Customer Behavior

PYMNTS

It will also upgrade 16,000 ATMs with new features like paying with phones and the ability to pay credit card bills. It fell from 38 percent to 26 percent in 2016. As more and more people are handling routine transactions online, banks have been slowly reducing the number of branches they have. and Pittsburgh.

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