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Radius Bank: Virtual Debit, Mobile Tools Help Banks Fight Debit Fraud

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Studies showed that many consumers in the United States have begun tapping their debit cards more often for payments, for example, with one report finding that debit use rose about 6 percent year over year. consumers now count themselves as “ debit-centric ” users, a sizable jump over the 33 percent who said the same about credit cards.

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Holiday Season Brings Corporate Payments Fraud Spike

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’Tis the season for corporate fraud? the FBI recently issued a warning for holiday shoppers of a new scam called eSkimming , in which cyber criminals hack into legitimate online retailer websites to steal shoppers’ credit and debit card details. Yet, analysts warn, as cross-border B2B payment volumes rise, so does the risk of fraud.

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Payments Fraud Rides Money Mules Into 2019

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It’s no surprise that payments fraud is on the rise. Juniper Research , for example, has estimated that retailers will lose as much as $130 billion in card-not-present (CNP) fraud through 2023 — as tech gets more complex and transactions are done across borders. Then again, the fraud may be a bit more low-tech and on-site.

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WEX Extends Fuel Card Contract With Sheetz

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announced a 10-year extension of its fleet fuel card contract with convenience chain retailer Sheetz, Inc., WEX supports the Private Label, Universal and Tri-Brand fleet cards available at Sheetz, which can be used to purchase gasoline at store locations. Department of Homeland Security (DHS). On Wednesday (Oct. billion range.

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Darden Cyberattack Puts 567K Cards At Risk

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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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Adobe Pays Paltry $1 Million Fine Over Hack In 2013

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According to Krebs on Security , the $1 million goes to settle a lawsuit by 15 attorney generals stemming from that data breach. Krebs on Security broke news of the hack back on Oct. According to Krebs on Security, the victims will walk away with a whopping $1.80.

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Health Care Companies Data At Risk Of Being Compromised

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Newkirk issues identification cards for insurance plans, and in early July, it discovered a server that housed information on members of payer organizations was accessed without the proper authorization. Social Security numbers, medical information, bank account numbers and claims information were not part of the hack.