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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

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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PSCU Unveils Enhanced Fraud Services To Help Protect Credit

PYMNTS

PSCU , which is billed as the nation's premier credit union service organization (CUSO), has announced its new Enhanced Fraud Services system, which the company said “has helped 10 early adopter credit unions combat fraud of all types, ranging from first-party chargeback fraud to identifying card information being sold on the dark web.”.

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Payments App And Device Take The Cake At Restaurant Trade Show

PYMNTS

The Florida Restaurant and Lodging Show is an annual three-day event for hospitality professionals to network, source, purchase and learn about new industry trends to follow, how to increase profits and how to ramp up their restaurant or lodging business to engage and serve customers in innovative ways. Other Notables.

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BEC Scam Storms The Sports Field (Literally)

PYMNTS

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.

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Why The Switch To Electronic Payments Isn’t Enough To Combat Employee Fraud

PYMNTS

Internal fraud is, unfortunately, an all-too-common problem for businesses and government entities, especially with regards to misuse of p-cards. That certainly doesn’t reflect well on how a local- or state-level government is managing taxpayer dollars,” Zitting said in a recent interview with PYMNTS. It’s a snowball effect,’ he said.

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How FanFood Brings Mobile Ordering To Sports And Concerts

PYMNTS

Disney is offering mobile concession ordering at its California and Florida amusement parks, and several universities are introducing similar options at their on-campus dining halls. The company assigns a manager to oversee operations at each site as well as food runners if the venue’s staff cannot handle delivery. How FanFood works

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Helping Turn Callers Into Loyal Customers

PYMNTS

As such, when consumers do connect with a customer care agent, the calls are more meaningful and complex, according to Gary Praznik, senior vice president and chief operating officer of call center manager iQor. Securing the Call. For iQor, that means taking steps to secure its own operations.

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