Fraud | Credit Card Topics

Expert Tips to Help Consumers Distinguish Between Legitimate Debt Collection Phone Calls and Scammers

By: Matt Walker, 5/24/2019

In a Nutshell: Unwanted robocalls are on the rise, despite continuing efforts to combat them. Common robocall scams include callers purporting to represent debt collectors or even the IRS. The scams prey on vulnerable consumers who may expose their sensitive information to criminals because they don't recognize the ruse. We recently spoke with Aaron Foss, the Founder of Nomorobo, to learn more about the robocall problem and gain insight on how consumers can identify illegitimate calls.... read more »

How to Get a Virtual Credit Card Number

By: Brittney Mayer, 6/13/2018

While the implementation of chipped EMV credit cards has eliminated a large portion of card-present (CP) fraud, the amount of card-not-present (CNP) — read: online — credit card fraud has steadily risen over the last few years. In an effort to combat CNP fraud, several card issuers and third-party companies have developed what are called virtual credit cards. Designed for use when shopping online, virtual credit cards are randomly generated, single-use credit card numbers... read more »

MarkMonitor® Uses Proprietary Anti-Fraud Technology and Intelligence to Build a Wall Between Fraudsters and Financial Brands

By: Ray FitzGerald, 12/1/2017

In a Nutshell: Every year, trillions of dollars are lost to fraud and brand manipulation. The scams can be as simple as a fake online paid advertisement claiming affiliation with a brand, or an impersonation website to trick customers into providing sensitive financial information. Since 1999, MarkMonitor has been a global leader in brand protection services. The company offers big and small corporations the latest technology and information tools to guard against fraud and malicious... read more »

Fighting Fraud with Knowledge — How Western Union’s Fraud Education Resources Help Lower Consumer Money Transfer Fraud

By: Brittney Mayer, 6/9/2017

In a Nutshell: While modern technological advances have improved many aspects of our lives, they've also given rise to new avenues for fraudsters and con-artists to scam us out of our hard-earned cash. For nearly 150 years, Western Union has helped Americans transfer money, and the company knows that knowledge is half the battle in the fight against fraud. With that in mind, Western Union is arming consumers with a comprehensive fraud awareness campaign to teach them the warning signs,... read more »

Finding Fraud Fast: How Advanced Predictive Modeling & Detection Technology from Fiserv are Helping Reduce Institutional Fraud Exposure

By: Brittney Mayer, 12/15/2016

In a Nutshell: From complicated phishing scams to simple pick-pocketing, fraudsters seem to never run out of ways to get their hands on your credit, debit, or prepaid card information. Thankfully, companies like Fiserv are fighting back -- and helping consumers fight back, too. With massive predictive models and highly trained fraud detection teams, Fiserv is a big part of the fraud-fighting infrastructure of more than 3,000 institutions around the country. They're even encouraging... read more »

My Credit Card Was Used Fraudulently (Here’s What to Do)

By: Eric Bank, 1/19/2016

If you’ve been victimized by credit card fraud or identity theft, the IRS's advice is to place a “fraud alert” or a “credit freeze” on your credit account. You can also use a credit monitoring or identity-theft-repair service, and you can choose credit cards that provide extra protection from fraudulent losses. The first step you need to take, however, is to notify your credit issuer. Contact the Card Issuer Upon learning of the fraud, immediately contact the card issuer,... read more »