Tag "Credit Card fraud"
Merchants Push Back Against Chip Cards
Credit cards with a chip have only been the standard for a year, but legal challenges are mounting. It’s been only a year since chip-equipped cards have become the standard for merchants that accept credit cards. Yet small retailers are
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3 Summer Scams To Avoid
The heat is on and so is summer scams! So while you’re planning for the upcoming summer trip with family or friends, beware of scammers who will be hard at work doing some planning of their own. To avoid taking
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Merchants See Dip in Fraud Thanks to Chip Cards
New chip-enabled cards are flowing into the U.S. marketplace and already made a dent in fraud, with some of the biggest merchants seeing a dip of more than 18% in counterfeit transactions, according to Visa. Among the 25 merchants who
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Customers’ Data Breached at 16 Major Companies
The CVV number on the back of your credit card may have been exposed to hackers! In fact your entire credit card number may have fallen victim to online travel sites or smartphone apps. You’re not alone though, nearly 500,000 people
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Prevent Credit Card Fraud this Holiday Season
Today, more than 77% of U.S. consumers carry one or more credit cards, and nearly three quarters of cardholders use them for holiday shopping. But now credit card fraud is more frequent than ever. Nearly 32 million 3 U.S. consumers were
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Fraud to Increase During Online Holiday Shopping
Holiday shopping is here and so is the growth in the gifts that no one wants, but we keep on receiving— which is fraud. New research from ACI Worldwide shows that cyber thieves will be increasing on the prowl to lift
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Scam du jour: The Latest Chip Card Scams
Scammers are trying to take advantage of the millions of consumers who haven’t yet received a chip card. Here’s what’s happening: Scammers are emailing people, posing as their card issuer. The scammers claim that in order to issue a new
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More Online Fraud Expected with New Credit Cards Arrival
The new chip credit cards that shoppers are getting in their mailboxes may prevent criminals from stealing from stores, but many thieves are expected to move their operations online. Small businesses could be the most vulnerable. Online fraud in the
Read MoreLas Vegas Strip Credit Card Scam: 11 People Indicted
Las Vegas – Eleven people are charged with running credit card scams right out of resorts along the Las Vegas strip. Those charged are accused of making fake credit cards and using those cards to take out cash advances. RELATED: Reduce Credit
Read MoreCredit Card Chips Don’t Protect Against Fraud
Spurred by regulatory changes and a spate of high-profile data breaches, U.S. banks and retailers are moving from traditional credit cards — those bearing easily copied magnetic strips — to cards embedded with microchips that are less susceptible to duplication
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