article thumbnail

Mega Millions Winning Ticket Could Come Via Payment Card Tonight

PYMNTS

Payment cards could play a role in making somebody, or a group of people, insanely wealthy tonight via the $1.6 According to reports, 32 states allow consumers to use at least some combination of credit, debit and gift card to buy tickets for that lottery. Take Connecticut, for example,” reads an article from Heavy.com.

Cards 126
article thumbnail

Why US Credit Card Fraud Complaints Are On The Rise

PYMNTS

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. Across the U.S.,

Fraud 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

People's United Bank On How ML And Rules-Based Analysis Work In Tandem For Fraud Prevention

PYMNTS

Connecticut-based People’s United Bank has seen this trend in action in recent months, said Karen Boyer , the financial institution's vice president of financial crimes and fraud intelligence. Cash users [shifted] to physical cards and the physical card users [shifted] more to.

Analysis 165
article thumbnail

Ohio Lottery Makes A New Bet on Mobile

PYMNTS

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. The product combines the gift card with the lotto entry, and here’s how it works, according to statement announcing the launch. Lotto and Payment Cards.

Ohio 103
article thumbnail

Equifax Blames Flaw In Database Software For Breach; Backlash Mounts From Consumers, Lawmakers

PYMNTS

Equifax, the credit scoring company that suffered a data breach that impacted as many as 143 million Americans, is blaming a vendor software flaw in its online databases. consumers and potentially compromised the credit card numbers of approximately 209,000 people. On Thursday, Sept. website application to gain access to certain files.

Software 165
article thumbnail

Mobile Payments Fraud: How Strong Is Your Defensive Line?

FICO

Seeing the flutter of sawbucks gave me a flashback to one of my first payments memories, from the early 1980s, when the Connecticut Bank and Trust Co. While ApplePay and most fill-in-the-blank “pays” are secured with debit or credit cards, other newer entrants are funded directly by checking or savings accounts.

Fraud 64
article thumbnail

The 14 Biggest Insurtech Events & Conferences in 2023

Fintech Labs Insights

May 2-3 | Mohegan Sun | Uncasville, Connecticut Book Now If you are interested in broader fintech events such as Finovate or Money 20/20 , refer to our larger fintech event calendar and/or other industry segment calendars: Fintech conferences, events and trade shows Banking, Mortgage & BankTech conferences, events and trade shows Payments & (..)