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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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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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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. To get the full story, download the Tracker.

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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. A technology website called ZDNet originally reported the data breach and passed along the 10.6 million number.

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Bitcoin Tracker: Easy Access Is ‘Easier’ With ATMS & Gift Cards

PYMNTS

The average rate of a new bitcoin ATM? Not to make them out to be a toast attraction, but the other kiosks can be checked out in New York, New Jersey, Pennsylvania, Texas, Louisiana and Nevada. What about gift cards? Turns out, former Amazon executive Gene Kavner’s already on the bitcoin gift card ball.

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When Loyalty Is Unattended Retail’s Key Feature

PYMNTS

To help build customer loyalty, eCommerce and brick-and-mortar retailers have a myriad of tools on hand: Cashiers can sign customers up for loyalty cards at brick-and-mortar stores, and eCommerce sites can send customers special offers and coupons by email. We love shrinking down, and bringing the design and technology a whole new flavor.

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Earnings Reports from FIS to PayPal Herald Point of Sale’s ‘New Normal’

PYMNTS

The first quarter of 2020 should have been business as usual — especially for the payments processors and financial services technology companies — the firms that keep commerce humming across offline and online channels. Card-not-present volumes are more than 50 percent of volumes, where pre-COVID they were roughly a third of volumes.

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