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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.

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Pay Cards, Flex Pay Options Help Employees During Pandemic

PYMNTS

Nearly half of the nation’s employees are willing to accept nontraditional payment methods, such as mobile payments, digital platforms or pay cards, according to research by ADP, the New Jersey provider of human resources management software and services.

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Chase Card Services President On Why It’s Time For Cards To Tap And Go

PYMNTS

To that end, Chase , the largest card issuer in the U.S., 14) that it’s rolling out tap-to-pay functionality across its Chase Visa card portfolio. The effort is broad and far-reaching, considering how more than 90 million debit and credit cards are wielded by Chase customers across the United States. said Wednesday (Nov.

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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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FBI Arrests Fugitive Wanted for $200M in Credit Card Fraud

PYMNTS

After nearly four years of evading authorities, a fugitive implicated in one of the Justice Department’s largest credit card fraud schemes gave himself up. The group allegedly cost banks and other businesses more than $200 million in fraud losses.

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MGM Resorts Admits To 2019 Hack

PYMNTS

The hotel said the data breach didn’t involve any password, financial or payment card information, and that all the guests who were affected were notified of the incident. The resort said it had upgraded its security to make sure a data breach like this one never happens again.

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CUs Use AI, Cloud-Based Tools To Drive Member Engagement

PYMNTS

Los Angeles-based immigrant-focused technology solution provider Welcome Technologies has announced that it has selected PSCU to provide processing and support services for its first credit card offering. The goal was to create virtual channels where members can interact using mobile and online banking, and its improved customer center.

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