VISTA InfoSec

JULY 5, 2023

With the proliferation of people paying hospital bills and health insurance using credit and debit cards, the risk of identity theft has also augmented exponentially! It was originally formed in 2004 by major card brands such as MasterCard, Visa, Discover Financial Services, American Express, and JCB International.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

PYMNTS

AUGUST 11, 2020

No one will call to ask for your bank account, credit card or Social Security number, the FTC said. As in the first distribution of $1,200 checks in the spring, most people will get money direct deposited, or via a debit card or check will be mailed to the address where your taxes were filed.

FTC 69

FTC Federal Trade Commission Scams Direct Deposit 69

PYMNTS

DECEMBER 9, 2016

No longer are they focusing on credit and debit cards — those brazen attempts have been at least partly blunted by EMV and tokenization initiatives. Credit cards fetch $4 to as high as $12. Personal records that run the gamut from birth dates to Social Security numbers can run from $11 to $30.

CHIPS 74

CHIPS MSPS Breach Data Breach 74

PYMNTS

FEBRUARY 27, 2020

Debit payments are being turned to as one way to thread that needle. The United States federal government issues Social Security benefits to recipients’ reloadable debit cards, for example, thus giving unbanked residents a faster, more secure alternative to receiving payments via paper checks.

Payroll 56

Payroll Direct Deposit Debit Card Social Security 56

PYMNTS

SEPTEMBER 24, 2020

Social Security numbers. ATOs mostly] happen through social engineering,” he said. Fraudsters] will call up customers pretending to be bank employees and ask the customers to share their passwords, debit card details, PINs, et cetera. It’s like the Social Security number in the U.S.,”

Account Takeovers 82

Account Takeovers Database Authentication Fraud Prevention 82

PYMNTS

AUGUST 23, 2019

North Loop is offering checking accounts and debit cards with partner Evolve Bank and Trust designed to combat the financial problems that overseas students face. social security number. Students can apply before leaving their home country and get a debit card on arrival.

Enrollments 46

Enrollments Debit Card Cross-Border Payments Cross-Border 46

PYMNTS

DECEMBER 23, 2019

Starting with one or two pieces of real information (a Social Security number is always one of them, sometimes paired with a real name), fraudsters take their time to slowly nurture a fake credit profile until it has a good enough record to make a big strike.

Social Security 52

Social Security Identity Theft Wire Transfer Security 52

PYMNTS

FEBRUARY 3, 2020

Every Remitly Passbook customer gets a Visa debit card. No Social Security number is necessary to open a Passbook account. “We want to bring peace of mind to immigrants with a suite of financial services that work for them and that they can trust.”.

Push-to-Card 55

Push-to-Card Debit Card Social Security P2P 55

PYMNTS

SEPTEMBER 18, 2017

Venmo launched a debit card powered by Shift Financial, Equifax tried to shift some blame for its horrific breach and Nordstrom decided to transition to a store design without inventory. First up was the announcement that Venmo is testing a free debit card linked to users’ accounts. Baird & Co. consumers.

Venmo 46

Venmo Debit Card Online and Mobile Banking Breach 46

PYMNTS

DECEMBER 23, 2019

Wayne Brown, the grocery owner, says these small purchases hurt his business, as the debit transaction fees often outweigh the actual sale. Residents are maxing out cashback options from their Social Security debit cards, he said.

Federal Reserve 52

Federal Reserve Credit Union Crime ATM 52

EBizCharge

NOVEMBER 12, 2024

These accounts typically come with services like check writing, debit cards, and online banking. Merchant account: Merchant accounts enable businesses to accept and process credit and debit cards and other electronic payments, allowing customers to pay through various methods.

Accounts 52

Accounts Debit Card Credit Cards Payroll 52

PYMNTS

MARCH 6, 2018

Also, companies are increasing primary cash management relationships, and accounts receivable (AR) departments are still seeing commercial credit and debit card payments. 11 percent | Percentage of commercial credit and debit card payments that come into AR, according to a National Automated Clearing House Association (NACHA) survey.

Risk 40

Risk NACHA Cash Management Debit Card 40

Nanonets

SEPTEMBER 28, 2023

Here are some of the most common: ACH (Automated Clearing House) Transfers Wire Transfers Credit Card/ Debit Card Transactions as EFT Mobile Payments Electronic Checks (eChecks) Point-of-Sale (POS) Payments Direct Deposits Recurring Payments EFT accounts can be checking or savings.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52

Nanonets

SEPTEMBER 28, 2023

Here are some of the most common: ACH (Automated Clearing House) Transfers Wire Transfers Credit Card/ Debit Card Transactions as EFT Mobile Payments Electronic Checks (eChecks) Point-of-Sale (POS) Payments Direct Deposits Recurring Payments EFT accounts can be checking or savings.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52

PYMNTS

DECEMBER 20, 2019

The information exposed did not include any financial information, Social Security numbers or password data. None of your financial data (including credit card information) or Social Security numbers was involved, and no passwords were compromised.”. We promptly reported this to authorities.

Data Breach 52

Data Breach Breach Identity Theft Credit Cards 52

PYMNTS

MARCH 4, 2016

” While Toporek made it clear that, during the inadvertent breach period, third-party users did not have access to other personal data, such as Social Security numbers or full credit or debit card or health insurance information, it is possible that they could have viewed details like names, addresses, dates of birth and prescription history.

Privacy 40

Privacy Debit Card Social Security Breach 40

PYMNTS

NOVEMBER 3, 2019

Others complained that they could not use their debit cards. The theft of data was large, and 140,000 Social Security numbers and 80,000 bank account numbers were compromised. We sincerely apologize for the inconvenience.” Thompson is in government custody, and faces up to 25 years in prison if convicted.

Direct Deposit 40

Direct Deposit Data Breach Breach Debit Card 40

PYMNTS

NOVEMBER 3, 2019

Others complained that they could not use their debit cards. The theft of data was large, and 140,000 Social Security numbers and 80,000 bank account numbers were compromised. We sincerely apologize for the inconvenience.” Thompson is in government custody, and faces up to 25 years in prison if convicted.

Direct Deposit 40

Direct Deposit Data Breach Breach Debit Card 40

EBizCharge

NOVEMBER 12, 2024

A merchant application is a formal document a business owner must complete and submit to a merchant account provider to be able to accept and process customer credit and debit cards and electronic payments. This typically includes providing your full name, date of birth, Social Security number, email address, and physical address.

Online and Mobile Banking 52

Online and Mobile Banking Processors Debit Card Volume 52

PYMNTS

NOVEMBER 26, 2019

In one tactic blending low and high tech, a fraudster can find a victim’s phone number online, call the victim with a spoofed bank phone number (pretending to be the bank), explain that a one-time password (OTP) is being sent, and trick them into divulging their own login credentials or reading the security OTP code over the phone.

Real Time Payments 61

Real Time Payments Authentication Fraud Prevention Credential 61

EBizCharge

JUNE 3, 2024

ACH is designed to process batches of transactions, such as direct deposits of salaries or social security benefits and direct payments for bills. When using a payment terminal to swipe a debit card or entering payment information on an eCommerce site, EFT is behind the scenes, processing card payments securely.

Funds Transfer 52

Funds Transfer Electronic Fund Transfer Act (EFTA) Electronic Funds Transfer (EFT) Wire Transfer 52

PYMNTS

JANUARY 27, 2017

Social Security numbers were exposed in more than half of all breaches last year. Looking at record exposure, 3,182 credit card and debit card records were exposed in financial services, compared to more than 3.6 million combined cards in health care.

Data Breach 71

Data Breach Breach Security Risk 71

PYMNTS

JANUARY 22, 2020

The Idaho Department of Health and Welfare is allowing residents to schedule and receive reoccurring payments to their credit or debit cards in a bid to simplify the child support payment process.

Government 52

Government Governance Checks Tax Refunds 52

PYMNTS

MARCH 13, 2019

The agency uses electronic fund transfers that can directly deliver approved aid to recipients’ checking or debit card accounts, meaning funds are available immediately. It also uses a thorough verification system to review government identifications, Social Security numbers and public records through databases like LexisNexis.

Debit Card 40

Debit Card Federal Reserve Checks Government 40

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

PYMNTS

JUNE 1, 2020

Debit cards could prove helpful, Donovan noted, and some consumers even receive Social Security benefits via this method. Checks are less useful for homeless patients, for example, as many are unbanked and will thus have to endure check-cashing services and fees.

Electronic Funds Transfer (EFT) 55

Electronic Funds Transfer (EFT) B2C Checks Point-of-Sale (POS) 55

PYMNTS

FEBRUARY 28, 2020

Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. A recent hack against Pennsylvania-based convenience store chain Wawa exposed credit and debit card credentials issued by hundreds of local credit unions.

Credit Union 52

Credit Union CCPA Data Breach NCUA 52

Stax

APRIL 23, 2024

ACH transfers versus credit and debit card transactions ACH transfers are often a better choice than debit or credit card transactions. If you’re looking for a solution to set up any small recurring payment, Automated Clearing House will create a streamlined option for your business.

ACH 88

ACH Direct Deposit ACH Network Wire Transfer 88

Fintech Labs Insights

JUNE 22, 2015

And with BillGuard, users get credit/debit card transaction monitoring (powered by Yodlee ) for free. Social security number fraud alerts (Ultimate service only). BillGuard premium benefits: Credit bureau monitoring (3 bureaus in Ultimate service, 1 in Pro service). Identity restoration services (via call center help).

Identity Theft 26

Identity Theft Online and Mobile Banking Non-Bank Debit Card 26

PYMNTS

JULY 16, 2018

“We have investigated the matter thoroughly, addressed the cause and, as a precaution, have implemented additional security measures,” Macy’s said in an emailed statement. Macy’s was able to confirm that social security numbers were not accessed — but that data like birthdays and addresses might have been.

Breach 40

Breach PayPal Online and Mobile Banking Compromise 40

Stax

JANUARY 1, 2024

Interest-Earning Business Checking Accounts Another great interest-earning strategy, particularly for businesses seeking additional functionalities such as check writing and a business debit card, is a high-yield business checking account. Our favorites are: Bluevine Business Checking: This account provides a 2.0%

Accounts 88

Accounts Online and Mobile Banking API ATM 88

PYMNTS

OCTOBER 11, 2017

Byrnes said there are three primary types of fraud: stolen credit cards, account takeover and friendly fraud. The stolen credit or debit card is classic fraud. Credit cards go for around $0.25 Byrnes walked PYMNTS through the latest threats and defenses. The Modern Face of Fraud.

Crime 44

Crime Account Takeovers eWallet Online and Mobile Banking 44

PYMNTS

JANUARY 25, 2018

Other uses include social benefits disbursement, such as Social Security payments. Once the code is entered at an enabled ATM, he or she can access the cash without using a debit card. Businesses or individuals that need to send money or make payments can use Cash Pick-Up to initiate a request.

ATM 40

ATM FDIC Checks Visa 40

CB Insights

SEPTEMBER 10, 2019

Millennials will likely need more retirement savings than previous generations, as they are expected to live longer and receive less from Social Security and other programs. Another trend taking shape in the payments space is the rise of virtual credit and debit cards. Retirement.

Finance 77

Finance Online and Mobile Banking Micro-Entry Advisors 77

CB Insights

OCTOBER 10, 2017

debit & credit cards. social security number (for tools like Robinhood and Credit Karma). They need to show their users how helpful they can be during the first-run experience while asking for a bigger commitment in the form of: trust. bank accounts. income information. They would be automatically categorized.

Finance 78

Finance Online and Mobile Banking Product Checks 78

PYMNTS

JULY 23, 2018

Everything’s fair game, it seems, from names and Social Security numbers (SSNs) to account data, and even info gleaned off social profiles (more on this in a minute). Among them: Fraudsters are taking on fresh Social Security numbers — the ones issued to children, the most vulnerable victims. Don’t Look To The Law.

Social Security 41

Social Security Breach Data Breach Debit Card 41

PYMNTS

JANUARY 24, 2017

Looking at record exposure, 3,182 credit card and debit card records were exposed in financial services, compared to more than 3.6 million combined cards in health care. Social Security numbers were exposed in more than half of all breaches last year.

Data Breach 44

Data Breach Breach Identity Theft Phishing 44