PYMNTS
FEBRUARY 1, 2021
From commercial card misuse to invoice fraud, internal employees can be the bad actors, too. 727,000 was defrauded from a Missouri trucking company in an employee expense scam , reports in FreightWaves said. At the same time, as this week's B2B Data Digest reveals, fraud can come from many sources, not only outside of the enterprise.
PYMNTS
JULY 8, 2019
InComm acquired Meridian to help strengthen its incentive initiatives with the creation of rewards and membership-type programs and management tools for employee, B2B and B2C platforms. Also, 53 percent of merchandise and gift card programs bought by corporate users don’t report or analyze the performance of these programs.
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American Banker
AUGUST 10, 2023
UMB Financial hired an outside company to provide customer service in connection with some of its credit cards and debit cards. In a lawsuit, the Missouri bank alleges that the vendor suddenly stopped performing its duties, and that the bank's own employees had to step into the void.
PYMNTS
MAY 28, 2020
The bank robbers who decades ago would have pulled off in-person heists have in many cases instead become cybercriminals who hack into mobile accounts, purchase stolen credit card information on the dark web and impersonate customers online or over the phone.
PYMNTS
AUGUST 10, 2016
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. An inquiry into it found access was first made in May.
PYMNTS
JULY 6, 2020
In a statement, Crossland Managing Director Beverly Sunderland said the tactic is “potentially making the company money and so increasing their profits, and the government will pick up 80 percent of the employee’s wage and. could potentially foot a bill of billions in fraudulent furlough wage claims.” ” The U.K.
PYMNTS
SEPTEMBER 17, 2018
As for the locale: Search warrants, noted by ZDNet , were served on those individuals in an immigration detention center, yielding 16 mobile phones, various SIM cards and a number of electronic storage devices. The scam, which used those devices and deployed email methods, netted more than $3 million in Australian currency.
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