article thumbnail

Worried About Digital Fraud Now? Just Wait For The Implants.

PYMNTS

Consider the Wisconsin workers whose employer offered them the chance to embed chips to buy snacks, gain access to physical spaces and computers and other tasks. Those devices are not the microchips from those programs in Wisconsin and Sweden — nor, of course, the chips implanted into pets.

Fraud 176
article thumbnail

Europe Grabs B2B Payments Fraud (Small And Large) Headlines

PYMNTS

To that end, a finance platform based in Switzerland, Advanon, has grappled with fraud, as reported by p2p-banking.com. The invoices were then financed by 78 private investors – and the fraud resulted in ill-gotten gains worth about two million euros. Underhanded Doings in the Land Down Under. 1 of 2013 and the end of March 2018.

Fraud 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Keeping On-Campus Credit Unions Competitive

PYMNTS

Meanwhile, the customer-is-always-right philosophies can make staff too accommodating — to the extent of possibly overlooking signs of fraud. University of Wisconsin Credit Union’s Lessons for Serving College Students. Smaller CUs don’t always have the resources to easily handle all their security needs on their own.

Wisconsin 116
article thumbnail

WCCU Taps PSCU For Credit Card Processing Support, Services

PYMNTS

WCCU, which is based in Wisconsin, tapped PSCU after a comprehensive review process. “We Last year, PSCU prevented more than $277 million in would-be fraud, a 30 percent increase over 2018. Cybercriminals were blocked at the point of sale, at its contact centers and other avenues.

Cards 130
article thumbnail

The Push For Cybersecurity Technology At Credit Unions

PYMNTS

percent: Increase in loans from Wisconsin credit unions during 2018. $5 million: Number of credit union members in the U.S. as of December 2018. 20 percent: Share of CUs that prioritized growing mortgage loans in 2019, down from 52 percent in 2018. 12 hours: Amount of time senders have to settle their accounts at a Dollar General store.

article thumbnail

FBI Probing Hack Of US Electricity Providers

PYMNTS

Executives of Wisconsin Rapids Water Works and Lighting Commission said an FBI agent contacted the company in early-October about being a potential target earlier in the year. “It Attackers briefly identified intended targets on an exposed server in Hong Kong.

article thumbnail

Darden Cyberattack Puts 567K Cards At Risk

PYMNTS

Darden said the Cheddar restaurants impacted are located in Alabama, Arizona, Arkansas, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Missouri, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Virginia, and Wisconsin.

Cards 112