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Tag Archive: credit card fraud

March 18, 2017

Chosen Payments Assists Merchant With Scam Investigation

Chosen Payments, was recently contacted by a limo operator in New Jersey who recently incurred combined losses of approximately $4200 in repeated occurrences of fraud perpetrated against them. On March 8th, Chosen Payments was contacted by Deanna Gulino, owner of Gem Limousine Worldwide to report that someone had used various names and credit card numbers to fraudulently book transportation primarily between LAX (Los Angeles International Airport) and a residence in the Griffith Park area of Los Angeles. Between February 17nd and February 22nd, the suspect initiated rides that lasted for several hours and included stops at The Project, a swanky...Read more


June 1, 2016

Why PCI Compliance Exists

You may have been assessed a $30 monthly penalty for failing to maintain a PCI Compliance Certificate with your credit card processor. That $30 does not go to your processor but rather to the acquiring banks who access the fine to your processor, such as Chosen Payments who then pass it on to the merchant. In 2006, an independent body was created by Amex, Visa, MasterCard, Discover and JCB effectively try and reduce credit card fraud caused by the poor handling of credit card information by merchants. On a grand scale, think of Target and its data breach of nearly...Read more


April 20, 2016

The Cost of Online Fraud – Verify Address Using AVS

The internet has undoubtedly changed the way we shop.  Shopping for many common household items and, clothing in particular, has become a way of life.  People are finding that ordering paper towels in bulk or even toothpaste through Amazon or other online merchants can be cheaper than buying at the grocery store and the product is delivered right to your door saving time and money. Unfortunately, this has created an increase in credit card fraud activity and merchants can be hurt financially in the process without controls in place to combat the activity.  Fraudulent sales result in chargebacks to the...Read more


October 14, 2015

Fraud Protection Tips: 3 Ways to Protect Your Financial Information

Identify theft, fraud and stolen financial information are on the rise. However, there are viable ways that you can protect your mobile wallet, passwords, identification log-ins, credit card numbers, and more. Online Safety Especially online, it is critical that you do everything possible to keep your financial information safe. Every day, thousands upon thousands of criminals are on the prowl for their next victim. After obtaining financial information, criminals wreak havoc on people’s lives. In addition to fraudulent purchases, criminals steal proprietary business data and complete identities. For victims, it can take years to recover. When dealing with credit card...Read more


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


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

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