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Category: Fraud Protection Tips

August 19, 2015

Fending off Credit Card Fraud in 10 Easy Steps

As of 2012, 72.1% of consumers had credit cards. Recent surveys show during the last five years, 27% of cardholders worldwide have been victims of credit card fraud. The credit industry is not perfect. For instance, credit card authorization and settlement processes can take up to 30 days to clear. That’s ample time for unauthorized purchases to occur. But there are ways to protect against fraud. 1. Keep Credit Cards Safe You should always know where your credit and debit cards are located. If you don’t keep all your cards on your person, then place them in a secure location...Read more


August 12, 2015

How Do EMV® Solutions Help Americans? Number 3 May Surprise You

For many years now, debit and credit cards in the United States have been swiped thanks to the magnetic strips on their backs. But what many credit card companies and merchants didn’t realize was that this method opened consumers up to fraudulent charges on their credit cards and bank accounts due to minimal security features. As companies struggled to find solutions, 63% of merchants also dealt with credit card data breaches with their chip-and-pin machines by adding more security or plan to soon. As a result, more credit cards now feature EMV® solutions that do away with the magnetic strips...Read more


July 29, 2015

Credit Card Processor Turned Super Sleuth for the Livery Industry!

In this month’s Chauffeur Driven Magazine, there was a great article on one of the biggest fraud stings in our industry.  Our own President, Jeff Brodsly and the Chosen Payments team were instrumental in foiling an ongoing credit card scam brought about by Charlie Barbero.  His “M.O.” was using expired credit cards to stay at high-end hotels and book luxury chauffeured transportation. When the card would come up as declined when the company would attempt to run the card, Barbero would claim to contact the credit card processor company, and would provide a so-called “offline authorization,” which was fake. The credit card processor would...Read more


June 10, 2015

Online Data Security Tips: 3 Ways to Protect Your Financial Information Online

In today’s age, you can never be too careful with your information. That goes not only for shoppers, but also for merchants. In the past year, hackers breached credit card processing systems at major retailers including Target and Home Depot, accessing sensitive customer data. Online identity theft can jeopardize a person’s credit and many cases are never fully resolved. When it comes to financial information and the internet, prevention is the best cure. Here are 3 ways to safeguard your financial data: Watch Out for Wireless Networks It may seem convenient to get your banking done at an airport, coffee...Read more

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