Every month the same scene plays out at kitchen tables across America—parents receiving their bank statement or credit card bill are suddenly struck by blind dread and horror as they realize that their children have somehow spent most of their monthly salary buying in-app upgrades...
A lawsuit from the U.S. Federal Trade Commission filed against a group of ISOs on Wednesday (July 30) reads like a how-to guide for ripping off the card brands, as it details the fraud techniques the ISOs are accused of using to sidestep Visa and...
The good news: in the not to distant future, consumers will be able to run the dishwasher, turn on the light and lock the doors remotely with the tap of a button from a smart phone. The bad news: in the not too distant future,...
An important part of fleet management is ensuring that the recorded mileage is actually the mileage that was driven for a delivery. This ensures that all parties involved are paid properly and that the fleet management firm’s invoices remain accurate. But what happens when there...
Ohio-based company Diebold recently launched what it claims to be “the world’s most secure anti-skimming card reader” called ActiveEdge. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Sandwich chain Jimmy John’s, with more than 1,900 stores across the U.S., appears to be the latest common-point-of-purchase retail data breach victim, with KrebsOnSecurity reporting a large-scale card-present fraud. That means someone is using cloned payment cards to buy an awful lot of hoagies. Get the Full...
With U.S. retailers hesitant to embrace chip and pin and U.S. consumers apathetic about the same, Square announced Wednesday (July 30th) that it will support microchip-enabled EMV cards but not PIN. In the next generation of its matchbook sized credit card reader will be able to read will...
Nearly one third of Americans are delinquent on debt, according to a new report out from the Urban Institute. An analysis of the credit files of nearly 7 million Americans revealed that 35 percent had a debt so far past due it had been referred...
Forbes reported that the EMV chip rollout in credit cards could lead to increased fraud in the U.S. In fact, Allen Friedman, director of payment services at Ingenico, told Forbes that “Sixty –seven percent of the UK-issued card fraud is from the U.S.” Therefore, said...
