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NY Man Gets Jail Time For $390K Card Skimming Scheme

PYMNTS

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. The case was prosecuted by Homeland Security Investigations, along with agents of the U.S.

San Diego 130
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Bringing Government Procurement Into The Digital Age — And Onto Online Marketplaces

PYMNTS

There is limited visibility to source and complete contracts with the cooperatives that offer IT, security and law enforcement through approved industry partners. With such confusion in place, he noted, there’s no way for the state of Nevada to benefit from some of the same efficiencies that the Commonwealth of Massachusetts generates.

Online 109
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Is Self-Checkout Catnip For Criminals?

PYMNTS

Customers can use credit cards or cash or go completely cashierless with Grabango’s payment app. In the abovementioned reports of French supermarkets exploring automation, the need for increased security was emphasized. Fraudsters could use stolen credit cards to place orders, then collect the items to keep or sell. Solutions

Retail 117
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New Cyberattacks Aim for ATM Management Systems

Independent Banker

It’s called ATM cash-out fraud, and it’s a new data security threat where physical attacks and cyberattacks converge. Doing so, they withdraw as much money as they can using either ATM cards issued for fraudulent “mule” accounts they create, or by encoding stolen credentials of legitimate bank accounts onto magnetic stripe cards.

ATM 93
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‘Google Checking,’ T-Mobile Data Breach Top This Week’s News

PYMNTS

The data did not reportedly include password information, Social Security numbers or financial information. 25) that it secured $1 billion in new funds from Japan’s SoftBank and China’s Alibaba affiliate Ant. Amazon has opened an online store , establishing a presence on Chinese online shopping site Pinduoduo.

Google 129
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8 Connected-Economy Firms Expected To Light Up The IPO Market In 2021

PYMNTS

Massachusetts securities regulators recently sued the company , alleging that it exposes investors to “unnecessary trading risks” and prompts inexperienced investors to trade frequently through the “gamification” of stock-market investing. Rival online pet supply firm Chewy staged a successful IPO last year.

Marketing 198
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Klarna Credit Review: Retail Financing Even With No Credit

MyBankTracker

Online shopping isn’t only convenient. There’s the option of paying for goods with a credit card, gift card, and debit card, which many consumers do. It’s an alternative to a credit card or cash. Or, select this payment method when shopping with select retailers online.

Retail 52