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Oklahoma Accused Of Seeking Illegal Bank Account Access

PYMNTS

The Oklahoma Department of Public Safety (DPS) is coming under fire for its alleged request for illegal access to consumer bank accounts. The ACLU of Oklahoma confirmed there are state records proving that the request for the capability was made to manufacturer ERAD Group.

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CFPB November 2016 complaint report highlights other financial services complaints, complaints from Oklahoma consumers

CFPB Monitor

The report also highlights complaints from consumers in Oklahoma and the Oklahoma City metro area. Prepaid card complaints showed the greatest percentage decrease based on a three-month average, decreasing about 51 percent from the same time last year (August to October 2015 compared with August to October 2016).

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Some Fraudsters Go Low-Tech To Grab Credit Card, Personal Data

PYMNTS

As we noted in the recent Digital Banking Tracker, the CNP fraud has taken a leg down in favor of fraud that looks to snag credit card numbers. They took the details and applied for credit cards. Vendors even made payments to Jelfo’s credit card accounts, according to reports in patch.com. Check Fraud, Too.

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Darden Cyberattack Puts 567K Cards At Risk

PYMNTS

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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Why surcharging remains controversial, even when most states allow it

Payments Source

Oklahoma lawmakers' decision last month to drop the state's surcharging ban was yet another signal that U.S. merchants have the final say in whether to apply extra charges to credit card transactions to offset interchange fees.

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Credit Card Companies’ Focus On Subprime Increases Rate Of Missed Payments

PYMNTS

Credit card companies have not been shy when it comes to lending to subprime customers , but according to new data from TransUnion, that strategy is starting to backfire for the credit card issuers. percent for credit cards issued in 2014 and 1.5 percent for credit cards issued in 2013.

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In Australia, Card (And Other Payments) Fraud Is Big Business

PYMNTS

That fraud spans, among other methods, misuse of government credit cards and procurement payments, reported itnews.com. And when it comes to external fraud, 95 percent of external fraud can be traced to “one large entity” focused on payment card fraud. The report said the fraud had been identified and addressed. Grayson Jr.,

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