PYMNTS

NOVEMBER 27, 2019

The expansion of EMV chip-enabled payment cards has made it more challenging for fraudsters to steal credit card information at the point of sale (POS). has recently experienced a rise in property scams in which thieves steal deeds and forge sales documents and notary stamps. The city of Philadelphia, Pa.,

Point-of-Sale (POS) 60

Point-of-Sale (POS) AI Card Issuer Credit Cards 60

FICO

APRIL 29, 2022

All these evolutions mean a changing landscape for retail fraud and scam trends. Will Zelle Join Apple Pay, GooglePay and Credit Cards at Point of Sale? About 56,000 romance scams, totaling $139 million in losses, were reported to the Federal Trade Commission last year, according to agency data.

Retail Payments 52

Retail Payments Zelle Consumer Romance Scams 52

PYMNTS

FEBRUARY 3, 2020

Skimming tools are frequently used by bad actors to access consumers’ sensitive payment information, as these devices can be attached to ATMs, gas station pumps, point-of-sale (POS) systems and other payment terminals.

Debit Card 52

Debit Card Assessments Data Breach Online and Mobile Banking 52

PYMNTS

DECEMBER 20, 2019

In the past QSRs could screen for credit card scams right at the point of sale (POS), typically face-to-face with the fraudster. In the case of mobile order-ahead, chargeback fraud is the one to watch out for, but it’s very hard to spot. QSRs are discovering this as mobile ordering remakes their industry.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Verification Fraud Prevention Scams 52

PYMNTS

JANUARY 10, 2019

Thanks to a nationwide crackdown on peer-to-peer (P2P) lending in China, a move that came after a series of multibillion dollar scams in that space and resulting protests, the P2P industry there could see the number of players decline by as much as 70 percent in 2019.

P2P 53

P2P eWallet Point-of-Sale (POS) Payments 53

PYMNTS

OCTOBER 2, 2018

The nature of being scammed leads the victim to feel like they are solely responsible or that they have made mistakes. That ‘non-reporting figure’ probably happens across the board — not just with businesses, but with direct consumers who get scammed, too,” he told Webster. Relationships Preyed Upon. He noted that, in the U.K.,

Money Laundering 59

Money Laundering Crime Financial Crimes Business Email Compromise 59

PYMNTS

MAY 12, 2020

GreenBox POS Adds Same-Day ACH Support. In a new feature designed to connect businesses to revenue in a faster manner, point-of-sale (POS) solutions provider GreenBox has added support for Same-Day ACH , which links funds processed via its POS to sellers’ bank accounts. It really minimizes the disruption.”.

B2B 52

B2B Same Day ACH FedNow Federal Reserve 52

FICO

AUGUST 16, 2022

At FICO World 2022, I hosted a session where we talked about global fraud trends like authorized push payment scams and romance scams. Often thieves will put a false front on an ATM, gas pump or point-of-sale (POS) terminal, which reads and records the information on the card’s magnetic strip. But here in the U.S.,

Compromise 52

Compromise Push-to-Card Romance Scams ATM 52

PYMNTS

JANUARY 10, 2019

Thanks to a nationwide crackdown on P2P lending in that country — a move that came after a series of multi-billion dollar scams in that space, and resulting protests — the peer-to-peer (P2P) industry there could see the number of players decline by as much as 70 percent in 2019.

P2P 46

P2P eWallet Point-of-Sale (POS) Payments 46

Clearly Payments

JULY 16, 2024

Point-of-Sale (POS) Attacks: Fraudsters target POS systems to steal card information through methods such as skimming devices or malware. POS fraud incidents rose by 27% in 2023, highlighting the growing threat to physical retail locations.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

PYMNTS

JANUARY 22, 2021

Payments sent to the wrong account by mistake or as a result of a fraudster’s scam cannot simply be canceled before the funds settle. “We This is intended to catch mistyped account digits at the POS and prevent those payments from going through. “If

RTP 56

RTP Finance Security Real Time Payments 56

PYMNTS

MARCH 1, 2019

Point of sale underwriting — installment loans offered to consumers at the point of purchase that let them finance their buy over time, usually three to six months — is more an example of the latter case. As many as 7 percent of Americans say they’ve used the substance. Elsewhere, Cowen & Co.

Finance 63

Finance Identity Theft Push-to-Card Underwriting 63

PYMNTS

DECEMBER 2, 2019

Approximately 12 percent of live concert attendees — about 11 million people — fell victim to ticket scams last year, including those in which consumers purchased fake tickets or paid for ones that ultimately never materialized.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Account Takeovers Credit Cards Duplicate 52

Fintech Finance

MAY 30, 2024

Tap to Phone: Any device can now be a point-of-sale (POS) by simply tapping a card or a digital credential. Visa Protect for A2A Payments is already identifying 60% of RTP fraud and scams previously undetected by financial institutions where live in the UK and Latin America.³

Online and Mobile Banking 52

Online and Mobile Banking Product Credential Micro-Entry 52

Stax

APRIL 30, 2024

Depending on the business type, merchant processing solutions are of two types: Point-of-sale (POS) systems POS systems are a popular payment collection system, with more than 93,300 companies using them in the US alone. They consist of the hardware and software components required to process an in-person payment.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

CB Insights

JUNE 17, 2020

Businesses that had not already incorporated contactless payment options into their point-of-sale (POS) systems prior to Covid-19 have moved to do so. Phishing scams where attackers assume the identities of healthcare and other aid organizations to extract sensitive information have increased.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

FICO

MAY 19, 2020

We need to be proactive in our communications to customers around scams. 2) Top 5 Fraud Manager Considerations During COVID-19: Scams are now tailored, so we need to modify our strategies. 2) Top 5 Fraud Manager Considerations During COVID-19: Scams are now tailored, so we need to modify our strategies. by Adam Davies.

Account Takeovers 52

Account Takeovers Identity Theft Scams Online and Mobile Banking 52