While e-commerce merchants typically have a return rate of around 20 percent, it can reach 30 percent during the holidays. So, too, rises fraud.
Often, these theft events will occur in the retail setting, but there are other ways by which the devices can be used to steal information. Unfortunately, all it requires is a little illicit technology and a lot of criminal intent.
Inaugural Anti-Counterfeiting Conference Focused on Cash Management and Defeating Counterfeit Currency
More than 800 attendees converged to the Las Vegas Convention Center November 6-8 for the first-ever Anti-Counterfeit & Currency Expo (ACCE).
We cover a lot of credit card fraud news in the LPM Insider. It’s a natural topic for a readership heavily concentrated in retail...
From counterfeit fashion to counter-culture initiatives: how the little black dress funds the black flag of hatred.
The latest data reveal that criminals aren’t giving up on card theft; they are just changing their tactics. This post provides a snapshot of recent credit card fraud statistics so that you can stay informed.
Twenty hours of Internet searching sparked an idea that led to one fraudster stealing $6,000 from local stores and causing numerous customers to be stuck with useless gift cards they had legitimately purchased or received as gifts.
So EMV cards have had a dramatic effect on reducing credit card fraud in the United States. But are there any downsides to the adoption of credit card chip technology?
In 2015, $78 million in counterfeit currency was passed in the United States, according to a report by the US Secret Service. Nearly 7o percent of that $78 million was created with the use of digital printing technologies.
Employees should be taught the signs of customer who uses a stolen credit card. Credit card fraud detection signs may include the red flags listed in this post.