There is a proliferation of individuals who abuse chargebacks, promotions, returns or merchant and financial services firms’ policies to get free merchandise or payouts, often in plain sight. This so-called first-party fraud — thus named because fraudsters often use their own identities rather than concealing...
A tidal wave of consumers hit the stores (online and real world) for the kick-off weekend of the holiday shopping season, trying to snap up the deals and savings. But shoppers aren’t the only ones who are busy: It’s also a busy time of year...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest European push to tax such companies as Google, Apple, Facebook and Amazon. NCR makes a fraud prevention move, Airbnb landlords get a hefty fine, Amazon...
NCR, the banking and commerce solutions company, announced Tuesday (Nov. 6) that it has acquired StopLift Checkout Vision Systems, an intelligent computer vision system, to combat theft in the retail business. In a press release, NCR said financial terms of the transaction were not disclosed. “This acquisition...
January 24, 2024
No matter the attack vector, bad actors have a singular strategy in place when it comes to eCommerce fraud, Jason Paguandas, VP and GM, Merchant Security and Fraud, Carat from Fiserv, told Karen Webster. “They want to accumulate as much data as possible, and even payment credentials,” he said, “so that they can best monetize […]
November 06, 2018
NCR, the banking and commerce solutions company, announced Tuesday (Nov. 6) that it has acquired StopLift Checkout Vision Systems, an intelligent computer vision system, to combat theft in the retail business. In a press release, NCR said financial terms of the transaction were not disclosed. “This acquisition will help NCR accelerate growth in our market-leading self-checkout and […]
January 04, 2018
A Sacramento man has pleaded guilty to stealing $350,000 worth of Apple devices from stores across the U.S. According to Cult of Mac, 33-year-old Marcus Israel Butler committed debit card...
