Monthly Archives: August 2008
Why Identity Theft is such a problem!
If you are one of those that wonders why Identity Theft has become such a problem, wonder no more. Here’s just a few reported in one week. Continue reading
Posted in Data Breach, fraud, fraud trends, identity theft
Tagged Data Breach, fraud trends, identity theft
3 Comments
Chip and PIN Fraud
Chip and PIN was designed to prevent credit card fraud but it only sort of works. Or maybe it’s doing exactly what it was meant to do; push the liability away from the banks. Continue reading
Posted in Chip and PIN, Smart Cards, credit card fraud, fraud trends
Tagged Chip and PIN, credit cards, debit card fraud, fraud trends, hackers
1 Comment
Street Level Credit Card Fraud
Remember the stories about thieves arrested with hotel key cards containing Credit card information? Snopes claimed they weren’t true. Until now. Continue reading
Posted in credit card fraud, fraud, fraud trends, profit from fraud
Tagged credit card fraud, Data Breach, fraud trends, profit from fraud
2 Comments
Visa Doesn’t Like Merchants
Visa and MasterCard don’t like merchants and they spent a million and a half dollars in the second quarter of 2008 to prove it. Continue reading
Posted in Interchange Fees, credit card fraud, e-Commerce, greed, merchant
Tagged e-Commerce, Government, greed, Visa
6 Comments
“Housing Bill” Affects E-commerce Merchants
Starting in 2011, the bank or other company that processes a merchant’s debit and credit card transactions must send the Internal Revenue Service a form disclosing the dollar amount of payments the merchant received on those cards each year. Continue reading
Posted in e-Commerce, government accountability, greed, merchant
Tagged credit cards, e-Commerce, Government, greed, merchants
4 Comments
