Payments News

On The Web

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Risk & Fraud

FBI Warns of ‘Unlimited’ ATM Cashout Blitz

“The Federal Bureau of Investigation (FBI) is warning banks that cybercriminals are preparing to carry out a highly choreographed, global fraud scheme known as an “ATM cash-out,” in which crooks hack a bank or payment card processor and use cloned cards at cash machines around the world to fraudulently withdraw millions of dollars in just a few […]
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Risk & Fraud

A Surprising Jump in ACH Fraud

“Which payment method holds the dubious distinction of racking up the fastest growth in fraud last year? According to the latest annual fraud report from the Association for Financial Professionals, it’s debits and credits on the automated clearing house network. In fact, the ACH was the only payment method examined in the report that registered […]

On The Wires

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