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Some Fraudsters Go Low-Tech To Grab Credit Card, Personal Data

PYMNTS

And as banks and mobile providers have taken tech in hand to battle CNP, fraudsters have plied their trade through other means. 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. Sometimes the methods are decidedly old school.

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Bitcoin Daily: Xapo Stops Credit Payments for Crypto; Former CoinFlux Owner Pleads In Crypto-Laundering Case

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Xapo , a crypto wallet and bitcoin custodian, will no longer deal in credit card payments for digital asset purchases, according to an email from the company, as reported by CoinDesk. Xapo will also implement new restrictions on bank transfers, depending on a user’s location.

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Bank of America To Update Branches In Response To Customer Behavior

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The bank originally planned to redesign 1,500 centers, but the new plan will accelerate that. It will also upgrade 16,000 ATMs with new features like paying with phones and the ability to pay credit card bills. However, recently some banks have chosen to go in the opposite direction.

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