Cross Posted from Social Business Bank Introduction Credit card fraud is something that can never be completely eliminated, but rather something that must be managed. Merchants must develop a delicate balance between using safeguards to prevent fraud and not creating too many hoops for customers to jump through. In Part #1, we talked about fraud [...]
Tag Archives: Fraud
Tue 06/01/2010 - 03:27
Wed 05/26/2010 - 03:15
Cross Posted from Social Business Bank Introduction: Want to win 1 year of free credit card processing? You should check out the Sweepstakes currently going on at http://www.SocialBusinessBank.com/win. Liability for fraud shifts from the card issuer to the merchant for ‘Card Not Present’ sale (mail order, telephone/fax order, and internet sales). The merchant is generally [...]
Sat 04/24/2010 - 09:15
Cross-posted from Bank Fraud Forum by Shirley Iscoe According to the 2009 ABA Deposit Account Fraud Survey Report, debit card losses totaled $788 million in 2008, compared to $1.024 billion lost to check fraud. On the surface, clearly check fraud is a larger problem. Surprisingly, however, more banks reported experiencing debit card fraud losses than [...]
Wed 04/14/2010 - 03:02
Cross posted from Bank Fraud Forum April 09, 2010 by Shirley Inscoe Recently several bankers I’ve spoken with stated they “don’t have a check fraud problem†or that they have check fraud “under controlâ€. These comments puzzled me, especially in light of the release of ABA’s most recent Deposit Account Fraud Survey Report. The report, [...]
Thu 04/01/2010 - 07:31
(March 18, 2010 Digital Transactions) More online shoppers are repudiating transactions even after they’ve received their merchandise, much to the chagrin of online merchants, which are focusing on the problem as they seldom have in the past. That’s according to Robert W. Botelle, executive vice president for merchant services and chief customer officer at Litle [...]
Sat 03/06/2010 - 09:53
FBI director Robert Mueller: “The risks are right at our doorsteps and in some cases they are in the house”; Richard Clarke, former White House terrorism czar: “Every major company in the U.S. and Europe has been penetrated — it’s industrial warfare” Published 5 March 2010 – Homeland Security News Wire Terrorists, crooks, and nation [...]
Thu 11/05/2009 - 09:24
By Marcia Savage, Site Editor 03 Nov 2009 | SearchFinancialSecurity.com The surge of Automated Clearing House (ACH) fraud committed by criminals stealing the online banking credentials of small and midsize businesses has resulted in approximately $100 million in attempted losses, according to the FBI. Criminals are hitting businesses at a rapid clip, with several new [...]
Thu 05/14/2009 - 11:58
NASHVILLE, Tenn.–(BUSINESS WIRE)–May 13, 2009– On May 12, 2009, iPayment, Inc. (“iPayment”) disclosed in the Quarterly Report for the quarter ended March 31, 2009, filed on Form 10-Q with the Securities and Exchange Commission the following: On May 11, 2009, a jury in the Superior Court of the State of California for the County of Los Angeles handed [...]
Tue 03/24/2009 - 06:18
Payment fraud is a hot topic these days and we wanted your thoughts. How is your company working to protect themselves from fraud? Do you use human or computer aided technologies?
