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Different Types of Credit Card Fraud

Credit card fraud accounts for about 30% of identity theft cases. As more and more people turn to ecommerce for shopping as well as starting a business or taking their existing one online, the importance of keeping your data safe has never been more important. At Pinpoint Payments, we have protected many businesses from credit card fraud and one thing we’ve noticed is that people don’t realize just how [...]

By |2019-09-16T17:42:33+00:00August 16th, 2019|blogs, Fraud Prevention|

Preventing Credit Card Fraud

Credit card fraud is no joke; according to Forbes, merchants in the United States are losing approximately $190 billion a year to credit card fraud. Customers of banks lose around $4.8 billion, with banks themselves losing an additional $11 billion. The scale of this problem is massive, with credit card losses equivalent to the total annual energy spending in the USA (which is about $140 billion). This is the [...]