PYMNTS-MonitorEdge-May-2024

fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

Senate Committee To Focus On Prepaid-Card Scams
Senate Committee To Focus On Prepaid-Card Scams
November 20, 2014  |  News

A U.S. Senate special committee is looking into scams that use reloadable prepaid debit cards like Green Dot’s popular MoneyPak card to victimize consumers, less...

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How Home Depot Got Hacked
How Home Depot Got Hacked
November 07, 2014  |  News

Home Depot on Thursday (Nov. 6) reported that, in addition to the data for 56 million payment cards that was stolen, thieves also grabbed 53...

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Banks Struggle To Overcome Mobile Deposit Fraud
Banks Struggle To Overcome Mobile Deposit Fraud
November 06, 2014  |  Mobile

As deposit-by-smartphone becomes more popular, banks and imaging vendors are looking for new ways to block a new type of fraud: customers cashing a check...

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Cyberthieves Target Rewards Points
Cyberthieves Target Rewards Points
November 03, 2014  |  News

Payments professionals invest a lot of time and money protect payment card data and shopper PII specifics, but thieves are now zeroing in on an...

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Credit Unions, Retail Groups Finger-Pointing On Payment Security
Credit Unions, Retail Groups Finger-Pointing On Payment Security
October 31, 2014  |  News

A volley of accusatory news releases and letters to Congress between groups representing major retailers and credit unions has erupted, with each side accusing the...

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How One Thief Used 12 Credit Cards To Make One Purchase
How One Thief Used 12 Credit Cards To Make One Purchase
October 31, 2014  |  News

In the fight against payment card fraud, law enforcement has always argued that retail must work together with police. But one top police official this...

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Feds Figure Out Who Did Not Attack Chase
Feds Figure Out Who Did Not Attack Chase
October 21, 2014  |  News

At a briefing from the FBI and the U.S. Secret Service, authorities say that they no longer suspect the Russian government of playing any role...

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Why POTUS’ Credit Card Got Declined
Why POTUS’ Credit Card Got Declined
October 20, 2014  |  News

Seems that payment card fraud issues even impact the President of the United States as President Barack Obama just discovered. “I went to a restaurant...

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Supervalu Reports Second Data Breach
Supervalu Reports Second Data Breach
October 01, 2014  |  News

Supervalu has discovered a second data breach—a “separate intrusion” potentially launched by a different sets of cyberthieves—that hit many of its grocery stores. The chain...

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