PYMNTS

SEPTEMBER 23, 2019

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. They took the details and applied for credit cards. Check Fraud, Too. Vendors even made payments to Jelfo’s credit card accounts, according to reports in patch.com.

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Cards Data Florida Fraud 124

PYMNTS

JULY 27, 2016

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.

Fraud 100

Fraud Cards South Dakota West Virginia 100

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

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Cards US Data Fraud 98

PYMNTS

NOVEMBER 2, 2018

1) that a probe by international auditors is underway, examining a fraud that could be $200 million in scope at Aegean Marine Petroleum Network , tied to shell companies that ostensibly did business with the shipping fuel firm. Of that number, 59 were tied to gift cards, memberships, IT equipment and furniture. A Bit Of Victory.

Fraud 168

Fraud Company Massachusetts United States 168

PYMNTS

MAY 28, 2020

The Internal Revenue Service ( IRS ) wants to make sure you don’t throw out your prepaid $1,200 government stimulus debit card. Many people have done that, thinking the cards are junk mail and discarding them, according to MarketWatch. On Twitter, numerous people have shed light on the issue.

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Cards Payments Florida ATM 163

PYMNTS

OCTOBER 7, 2016

A judge is allowing small businesses to sue the major credit card companies for forcing them to adopt chip readers at the checkout counter — a case that could become a multi-billion-dollar class action. The lawsuit takes aim at the nationwide upgrade to chip-based credit cards, an awkward rollout that’s been annoying for stores and shoppers.

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Cards California US United States 173

FICO

JULY 6, 2023

Beyond the pleasure of leading a FICO Falcon Fraud Manager User Forum and moderating a couple of panel breakout sessions, I I was also able to catch up with many of the fraud-focused attendees from around the world. Scams: A Top Fraud Concern Scams are becoming a leading fraud concern, all around the world.

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Fraud Management Customer Experience San Diego 52

PYMNTS

OCTOBER 26, 2017

And in New Mexico, two Santa Fe government employees were placed on leave following a report that fraud is running rampant in their department. Internal fraud is, unfortunately, an all-too-common problem for businesses and government entities, especially with regards to misuse of p-cards. And that’s just in the last month.

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Fraud Payments Cards Policies 108

PYMNTS

JULY 17, 2017

Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a very unfair match, if you ask Skye Spear, VP of eCommerce fraud-fighting firm Signifyd. “I Classic fraud deflection is rules-based. Fraud is dynamic. It’s a business. percent in Q1 2017.

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Fraud Data Delaware New York City 109

PYMNTS

AUGUST 23, 2018

Darden Restaurants announced Wednesday (August 23) that the data on 567,000 payment card numbers may have been exposed. The company said payment card information — including card numbers — from visitors who went to the restaurants from Nov. 3, 2017, through Jan. 2 2018 may have been affected.

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Cards South Carolina North Carolina Nebraska 112

PYMNTS

FEBRUARY 24, 2020

But even restaurants that are leveraging mobile ordering are being faced with more avenues for fraud to enter. The partnership was first launched at Publix’s Orlando, Florida-based stores, with the service planned to expand to the chain’s other locations over the next few months. Mobile Order-Ahead Developments. About the Tracker.

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Data Fraud Mobile Florida 214

FICO

JUNE 11, 2020

With an October 1, 2020 deadline to have EMV chip card readers installed on the nation’s 1 million fuel dispensing pumps, the number that remain to be converted could be as high as 75%, industry experts say. Gas stations are a hotbed for fraud. Highest 3 fraud rate states: Nevada, Florida, Michigan.

New Hampshire 72

New Hampshire Alaska Nevada Fraud 72

Abrigo

MARCH 22, 2023

Large credit card payments as a majority of debit activity, where the use of funds is unknown. The appearance of an individual or company operating as a “broker” between other companies. A business with significant funds movement to/from or between higher risk geographies, including domestic areas with geographical risks, such as south Florida, (..)

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Training Fraud New Jersey Regulation 195

FICO

APRIL 18, 2018

FICO today unveiled several solution upgrades that will help banks, lenders, fintechs and other institutions fight fraud and financial crime. These solutions bring unparalleled efficiency and machine learning capabilities to fraud, risk and compliance professionals. FICO ® Card Compromise Manager 2.0

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Fraud Analytics Miami Florida 53

PYMNTS

DECEMBER 12, 2017

Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. They say gift cards are the gift that always fits. Customers cannot use credits to buy gift cards and cannot redeem gift cards for more gift cards, either.

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Retail Fraud Cards Florida 105

ATM Marketplace

APRIL 14, 2016

Two Florida retailers have sued major credit card companies and banks over certification issues related to the liability shift for bankcard fraud in the US.

Cards 48

Cards Florida Branding Fraud 48

FICO

APRIL 8, 2021

Over the last year, the global pandemic has profoundly impacted fraud trends , with financial criminals feasting on a desperate stew of consumer loneliness, financial difficulties, boredom and desperation. A Local Twist on a Global “Secret Shopper” Scam. Here, victims in the U.S. By furnishing mules in the U.S.

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Video Fraud Florida Cards 72

PYMNTS

DECEMBER 28, 2020

Many CUs have since leaned into these efforts with digital innovations aimed at a range of issues, such as tackling fraud or enhancing members’ remote banking access. It also offers participating CUs customized consulting services.

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North Carolina Houston Fraud Innovation 197

PYMNTS

JUNE 5, 2019

According to a report from Quartz , “over the past seven years, a New York City-based fraud ring allegedly stole more than $19 million worth of iPhones by posing as cell phone subscribers to get new devices at little or no cost. Counterfeit Debit Cards. But cryptos have done a great job of acting as conduits to all sorts of fraud.

cryptocurrency 132

cryptocurrency Fraud New York City social media 132

FICO

DECEMBER 3, 2018

In this continuation of my recent video interview with Jesse Gossman , — a police detective in South Florida, Certified Fraud Examiner, and president of the counter-fraud consulting group Bottom Line Fraud — we discuss how synthetic identity fraud is perpetrated, how the synthetic identities are created, and why they look so real.

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Fraud Video Case Study United States 40

PYMNTS

AUGUST 12, 2019

In a smattering of individual instances of fraud: In Canada, SaskEnergy said that it fired an employee amid allegations that the unnamed worker had misappropriated a fuel card, racking up $30,000 in charges between 2004 and 2019. The employee had been given the fuel card as part of their job, which included driving a corporate vehicle.

New York City 149

New York City Phoenix Fraud Florida 149

PYMNTS

JUNE 30, 2020

Tropical Financial Credit Union , for one, is working to gain more members in South Florida by launching a rewards credit card that features no annual fee and allows users to earn three points per dollar. Each point can be redeemed for 1 cent, meaning members essentially receive 3 percent cash back on an unlimited number of purchases.

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Report Innovation Florida Cards 133

MyBankTracker

JUNE 15, 2020

With no annual fee, this card could be a good choice for the occasional traveler who wants to earn free nights or the regular spender who’s interested in racking up hotel points. But is the American Express Hilton Honors Card right for you? Not as rewarding if you use the card to book hotels other than Hilton properties.

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Cards Alaska America Branding 52

CFPB Monitor

MARCH 12, 2019

Credit card fraud was the most common type of identity theft report. Florida, Georgia, Nevada, Delaware, and Tennessee had the highest fraud reports per capita. Georgia, Nevada, California, Florida, and Texas had the highest identity theft reports per capita. declined by 24% from 2017.

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Nevada Georgia Florida Delaware 74

PYMNTS

MAY 11, 2018

Credit card skimmers steal more than $1 billion from U.S. Now, after three years of study, cybersecurity expert Patrick Traynor and two Florida graduate students invented the “Skim Reaper,” a credit-card thin gadget that slides into card reader slots and can easily and quickly detect if an ATM or gas pump has been tampered with.

ATM 117

ATM New York Florida Cards 117

NCR

MARCH 29, 2016

EMV chip cards made their debut in the U.S. The switch from magnetic-stripe cards has meant not just new cards, but new payment processes, as well, which some folks have found frustrating. Unlike the old magnetic-stripe cards, EMV chip cards create a unique transaction code that cannot be used again.

Cards 40

Cards Fraud Dallas Florida 40

FICO

DECEMBER 12, 2022

I am very glad that my role at FICO centers on AI and analytic innovation, and incorporating it into the wide range of solutions our customers use to fight fraud, scams and other financial crimes. This technology is incorporated into FICO® Falcon® Fraud Manager. This technology is incorporated into FICO® Falcon® Fraud Manager.

Analytics 52

Analytics San Diego Fraud Cyber Security 52

PYMNTS

FEBRUARY 4, 2019

Former Israeli intelligence agents or military members have taken the knowledge they gained during their service and contributed to artificial intelligence (AI), fraud prevention and other efforts that do make — or can end up making — a difference in the daily lives of consumers. Department of Defense (DOD) or NATO , for instance.

Fraud 161

Fraud Illinois Retail Security 161

FICO

SEPTEMBER 14, 2016

Have you ever had the frustrating experience of trying to use a credit card in a foreign country, only to have the purchase blocked because your bank was unsure it was legitimate? But when you have to abandon a purchase, switch cards or use up your cash, you’re probably not going to be feeling grateful.

Analytics 40

Analytics Fraud Mobile Cards 40

FICO

FEBRUARY 27, 2023

In fact, this year the winning projects used FICO Platform to do everything from onboarding a customer and digitally delivering a credit card in under 5 minutes to processing 5 billion transactions with a score each day to better understand customer behaviour. You can read more about our judges in this blog post.

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Meeting social media Management Analytics 98

PYMNTS

DECEMBER 23, 2019

billion in credit card debt and $382.9 The initiative removes friction and reduces fraud risk when members apply for loans, also reducing the potential for human-based errors. Credit unions (CUs) remain strong, despite the many challenges they face. billion in car loans, a 6.9 percent and 4.1

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Data Lending Michigan Regulation 131

PYMNTS

MAY 18, 2018

The account-by-account approach worked in the past, said White, because the fraud prevention space had not yet realized the value of an email-based risk assessment approach. Strong, direct relationships are an important part of forging and maturing partnerships to foster growth. Direct relationships create a direct path to growth.

Florida 100

Florida Conference Fraud America 100

PYMNTS

NOVEMBER 1, 2017

billion Mastercard and Maestro-branded cards worldwide. He noted that Mastercard’s push payment’s solution, Mastercard Send , is now capable of reaching “pretty much all debit cards in the U.S.” directly to their debit cards. directly to their debit cards. Earnings per share came in at $1.34 per share, up from $1.08

Retail 112

Retail Cards Security Branding 112

PYMNTS

MARCH 19, 2019

And it’s grand strategy at that, with cross-border linkups that anticipate and facilitate (and, yes, spur) the move from cash to paying online or with cards. As reported Monday (March 18), Florida-based Fidelity Information Services (FIS) has struck a $43 billion pact to buy Worldpay, based in the U.K.

Payments 191

Payments Strategy Course Cards 191

PYMNTS

MARCH 4, 2020

Barry Floyd, the firm’s chief financial officer, told PYMNTS in a recent interview that the company was particularly busy during 2016 and 2017, when Hurricanes Matthew and Irma hit the company’s home state of Florida. The firm is also deploying data analytics as well as fuel cards to improve its fleet management efforts.

Management 141

Management Technology Analytics Resources 141

PYMNTS

NOVEMBER 1, 2017

billion Mastercard and Maestro-branded cards worldwide. He noted that Mastercard’s push payment’s solution, Mastercard Send , is now capable of reaching “pretty much all debit cards in the U.S.” directly to their debit cards. directly to their debit cards. Earnings per share came in at $1.34 per share, up from $1.08

Cards 122

Cards Security Branding Florida 122

PYMNTS

JUNE 21, 2018

It’s one of the ideals of payments and commerce, a vision that drives so much research and experimentation: Making it through a store checkout lane without fishing for a card or waving a mobile phone, or even checking into a hotel after an exhausting flight without producing a driver’s license and credit card to gain access to the room.

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Technology Retail Florida Cards 129