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Why US Credit Card Fraud Complaints Are On The Rise

PYMNTS

Credit card fraud complaints in the U.S. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. At the state level, the number of credit card fraud complaints were much more pronounced. Across the U.S.,

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Affinity Federal Credit Union On The Importance Of Accelerating Digital Transformations

PYMNTS

The pandemic has fast-tracked that digitization, however, as concerns and restrictions have led members to reduce their branch visits and turn to contactless features to carry out their banking activities online. Embarking On A Digital Transformation. Headquarters Federal Credit Union, created to serve its employees.

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Italian Bank UniCredit To Investigate Capital One Data Hack

PYMNTS

Software engineer Paige Thompson, 33, allegedly boasted online about the hack and left crumbs for investigators to follow, The New York Times reported. Seattle-based Thompson was charged with one count of computer fraud and abuse following her arrest on Monday (July 29). Online, she used the name “erratic.”. Reuters reported.

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Mobile Payments Fraud: How Strong Is Your Defensive Line?

FICO

Seeing the flutter of sawbucks gave me a flashback to one of my first payments memories, from the early 1980s, when the Connecticut Bank and Trust Co. However, as a payments professional in the business of preventing fraud, I’m not just impressed at how easy this new ATM technology is to use. No, CBT’s Barney wasn’t a purple dinosaur.

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Do Consumers Own Digital ID Algorithms? Look To Illinois.

PYMNTS

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals. Illinois’ Role. for use of biometric data.

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