BayPay Members Blogs

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Safeguard Your Money: How to Protect Yourself from Identity Theft

TORONTO, ONTARIO--(Marketwire - March 1, 2013) - Many people have heard about identity theft, but most think it is something that happens to others. The reality is that identity theft...

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State Farm(R) and Insurance Bureau of Canada Partner to STOP AUTO FRAUD in Ontario

AURORA, ONTARIO--(Marketwire - March 1, 2013) - Editors Note: There is an image associated with this press release. March is Fraud Prevention Month and to mark the occasion, State Farm...

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Bank Muscat hit by $39m pre-paid card fraud

Oman's Bank Muscat says crooks have managed to compromise a dozen pre-paid travel cards, racking up RO15 million (US$39 million) in fraudulent transactions. No customers have suffered any financial loss...

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Credit card fraud numbers soaring at record rate In Canada

OTTAWA — Cyber crooks are pushing credit card fraud to record highs and costing Canadian businesses hundreds of millions of dollars annually.
According to statistics released by the Canadian Bankers Association, credit card fraud hit $436.6 million in 2011, the latest year for which statistics are available. Of that, “card-not-present” fraud, where a crook uses a stolen card number to make purchases over the Internet or by phone, was the biggest and fastest growing type of credit card fraud in Ca
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Deception crimes drive small increase in card fraud and online banking fraud losses

  • -  Card fraud losses as a proportion of the amount we spent on our cards decreases – from 0.066% during January to June 2011 to 0.063% during the first half of this year
  • -  Payment fraud losses are only half a per cent of all fraud losses in the UK
  • -  Figures suggest fraudsters bypassing security safeguards by duping consumers into handing over their own details – industry redoubles efforts to support vulnerable customers

    New figures released today (27 September 2012) show
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Merchant Risk Council to host online fraud meeting in the US


The Merchant Risk Council (MRC), the merchant-led trade association focused on online payments, fraud and e-commerce, will host a "Members Only" meeting in Seattle, Washington, US, on October 1-3.
Almost 200 global merchants, law enforcement and industry players, including Microsoft, Google, Expedia, Gartner and Forrester Research, will gather to discuss the newest breakthroughs and innovations in reducing online payment fraud and improving risk management strategies.
Sponsored by Discover, this
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CTS, Financial Crimes Services join forces for fraud prevention


CTS North America, a division of CTS Electronics, a global provider of automated systems for payments, document processing, cash recycling and deposits, and Financial Crimes Services (FCS), a check fraud and accountability solutions provider, have joined forces to fight fraud.
Under the terms of the alliance, FCS’s SNARE software customers can use the ID Card Reader-equipped CTS check scanners to scan government-issued identification cards and verify their authenticity. This enables law e
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ReD, Sage Pay partner for fraud prevention services


UK payment fraud prevention company ReD and payment services provider Sage Pay have partnered to provide UK e-commerce businesses with fraud prevention services which enable merchants to accept e-commerce and m-commerce transactions.
As a result, Sage Pay customers will gain access to ReD's ReD Shield fraud prevention solution. ReD Shield is a multi-dimensional solution which combines fraud prevention technology with fraud analytics to provide fraud screening capabilities. Sage Pay has revealed
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Internet Retailers Band Together to Fight Fraud as a Community


The Only Service of Its Kind: 3dcart’s Free Fraud Protection Service Uses Feedback from 16,000 Merchants to Take Action Against Counterfeit Purchases
TAMARAC, FL (PRWEB) September 27, 2012
Taking cues from ‘community watch’ groups, a new scoring service uses the power of community to protect online merchants against fraud. More than 16,000 internet retailers provide the information to power 3dcart’s new ‘Community Alert’ feature, a free service that calculates risk based on the experience of other
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Credit Card Fraud Ring Bust Exposes Breadth And Depth Of Consumer Vulnerability

There is some likelihood that your credit card number is for sale in a dark corner of the Internet. The selling price? As little as $3.50 per number. On Tuesday, a huge crackdown on a international credit card fraud ring revealed just how sophisticated -- and prevalent -- virtual credit card and identity theft has become. Does this mean consumers should be paranoid about the prospect of some kind of credit card fiasco? Financial service companies say customers should not worry too much about...
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Dissecting Operation High Roller

How the high-tech mantra of “automation and innovation” helps a multi-tiered global fraud ring target high net worth businesses and individuals. Building on established Zeus and SpyEye tactics, this ring adds many breakthroughs: bypasses for physical multi-factor authentication, automated mule account databases, server-based fraudulent transactions, and attempted transfers to mule business accounts as high as €100,000 ($130,000 USD). Where Europe has been the primary target for this and other fi...
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BayPay Event - Cybercrime's Impact on Payments - June 12, 2012 - Santa Clara, CA

Cybercrime's Impact on Payments BayPay Event - Santa Clara, CA Dear BayPay Member, Join us for our next event! Topic: "Cybercrime's Impact on Payments" Time: June 12, 2012, 6:00p.m. to 9:00 p.m. Location: SVB, 3003 Tasman Drive, Santa Clara, CA Before we start: 1. Finovate Spring 2012 is now wrapped up. Check out our tweets @danielchat 2. You can now download The BayPay Forum Mobile App from the Android Marketplace  3. We have created a complementary group reserved to the attendees of this ev...
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Local stay, China charge

COLONIE — Bob Sobeck didn't need to call on his training as a former sheriff's deputy to know there was fraud afoot when he opened his small nonprofit group's credit card statement in November."I looked at the bill and saw a charge to China," said Sobeck, the executive director of the Alfred Housing Committee in Allegheny County. "And the farthest east I'd been was Albany."Specifically, The Desmond Hotel and Conference Center on Albany Shaker Road.Sobeck, who had been in town a month earlier for...
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Breach Hits Card Processor Global Payments

By ROBIN SIDEL And ANDREW R. JOHNSONGlobal Payments Inc., GPN -9.06% which processes credit cards and debit cards for banks and merchants, has been hit by a security breach that has put some 50,000 cardholders at risk, according to people with knowledge of the situation.The full extent of the breach couldn't be determined, one of the people said. It wasn't immediately clear if cardholders have been hit by fraudulent transactions.Representatives of Global Payments, based in Atlanta, couldn't be...
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The Dumbest Things Americans Did With Their Credit Cards In 2011

As far as criminal genius goes, physically stealing a credit card ranks somewhere between attempting to rob an armored car and stealing ice cream from kids in the park. It’s extraordinarily risky, but the payoff is usually about as rewarding as brain freeze.Often, a stolen credit card will be canceled before a thief even has a chance to use it. Other times, it’ll record every single purchase a thief makes and leave a nice little trail for the cops. Either way, when you steal a credit card, you...
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NY men charged with using fake credit cards at Limerick stores

LIMERICK — Two New York men were arrested Tuesday and charged with fraud after allegedly using fake credit cards to buy items at area convenience stores.According to a release from Limerick Police Chief William Albany, police stopped Christopher Idore, of Queens Village, N.Y., and Rockiem Alke-Ryan Taylor, of St. Albans, N.Y., both 23, while driving a Toyota Corolla rented from Hertz that had been last seen leaving Limerick Sunoco where the two had aroused the suspicions of the cashier.The i...
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National Consumer Protection Week 2012

National Consumer Protection Week 2012David Vladeck, DirectorWelcome to the fourteenth annual National Consumer Protection Week, March 4-10, 2012 and NCPW.gov, the site visited by hundreds of thousands of people in 2011.NCPW.gov, your  “information destination,” hosts an incredible variety of resources on topics that matter to the nation’s consumers.  The information offered by the ever-growing list of NCPW partners is both out of this world and within easy reach of people looking for practical...
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The Google Wallet Hack Is Not The End Of The World (Or Even NFC) As We Know It [Update: Google Reacts]

Stay calm and carry on, people: It's way too soon to say that NFC should stand for Now Fatally Corrupted. Yes, Google's breakthrough NFC payments app Wallet is being mentioned all over the news thanks to a flaw--it's vulnerable to a hack that gives nefarious types access to your secure PIN number. But don't believe any doomsayers or fearmongering that you may encounter on this matter; it's not as evil as it seems and, believe it or not, it's actually a sign that the future of wireless mobile...
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Rare Legal Fight Takes On Credit Card Company Security Standards and Fines

A small celebrity-friendly restaurant in Utah is finally doing what many merchants have only dreamed of doing for a long time — taking on a part of the payment card industry’s powerful but flawed system for securing card data by fining merchants for failing to secure their data.Stephen and Theodora “Cissy” McComb, owners of Cisero’s Ristorante and Nightclub in Park City, Utah, have filed a lawsuit against U.S. Bank claiming that the financial institution, which used to process the restaurant’s c...
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Zappos Sued Over Data Breach

Class-Action Suit Argues Data Not SafeguardedZappos.com and its parent company, Amazon.com, face a class action lawsuit stemming from a recent data breach that affected more than 24 million customers (see: Zappos Breach Affects 24 Million).In the lawsuit, Stevens v. Amazon.com Inc., filed Monday in the U.S. District Court for the Western District of Kentucky, attorneys for Theresa D. Stevens claim that the defendants were entrusted with "safeguarding plaintiff's and class members' PCAI...
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