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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

Using the data from these reports, issuers can act immediately to address known compromised cards with tactics like block/reissue or implement strategies to increase monitoring of those cards for signs of fraudulent activity. Knowing where skimmers are most prevalent is also a powerful piece of knowledge.

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With This Ring, I Thee Pay — Buy, And Authenticate

PYMNTS

In the latest edition of the PYMNTS “Matchmakers” podcast series, Karen Webster spoke with Tejash Unadkat, CEO at Motiv , a company that is trying to make a greater place for rings — yes, simple rings for fingers — as dominate wearable devices that can enable near-field communication (NFC) payments, purchases and consumer authentication.

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U.S. Card Skimming Fraud Grows 700+% in First Half of 2022

FICO

Using information from Card Compromise Reports (CCRs) and Suspect Reports – both of which are available through FICO’s Card Alert Service – banks and other financial institutions can quickly act on known compromised cards for block and reissue, or monitor cards more closely for signs of fraudulent activity.