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  2. Bank of America accused of opening fake accounts and ... - AOL

    www.aol.com/bank-america-accused-opening-fake...

    Bank of America wrongfully withheld credit card rewards, double-dipped on fees, and opened accounts without consent,” CFPB Director Rohit Chopra said in a statement. “These practices are ...

  3. Credit card fraud - Wikipedia

    en.wikipedia.org/wiki/Credit_card_fraud

    A fake automated teller slot used for "skimming". Credit card fraud is an inclusive term for fraud committed using a payment card, such as a credit card or debit card. [1] The purpose may be to obtain goods or services or to make payment to another account, which is controlled by a criminal. The Payment Card Industry Data Security Standard (PCI ...

  4. Payment Card Industry Data Security Standard - Wikipedia

    en.wikipedia.org/wiki/Payment_Card_Industry_Data...

    The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard used to handle credit cards from major card brands. The standard is administered by the Payment Card Industry Security Standards Council, and its use is mandated by the card brands. It was created to better control cardholder data and reduce credit ...

  5. Bank of America - Wikipedia

    en.wikipedia.org/wiki/Bank_of_America

    In 2007, Bank of America partnered with Brighter Planet to offer an eco-friendly credit card, and later a debit card, which help build renewable energy projects with each purchase. [131] Bank of America has also donated money to help health centers in Massachusetts [ 132 ] and made a $1 million donation in 2007 to help homeless shelters in Miami .

  6. How to Prevent Fraud With Your Bank Account - AOL

    www.aol.com/finance/prevent-fraud-bank-account...

    Being the target of bank fraud is never good, to put it mildly. Unlike credit card fraud, it can be much more difficult to recover your money if it is fraudulently withdrawn from your bank account ...

  7. Bitcoin ATM fraud is soaring, FTC warns. Here's how the scams ...

    www.aol.com/bitcoin-atm-fraud-soaring-ftc...

    In 2023, consumers reported $114 million in losses from scams involving BTMs — a nearly 900% increase over the preceding three years, the FTC said Tuesday in a report. Losses through June of ...

  8. Card-not-present transaction - Wikipedia

    en.wikipedia.org/wiki/Card-not-present_transaction

    Card-not-present transactions are a major route for credit card fraud, because it is difficult for a merchant to verify that the actual cardholder is indeed authorizing a purchase. If a fraudulent CNP transaction is reported, the acquiring bank hosting the merchant account that received the money from the fraudulent transaction must make ...

  9. Friendly fraud - Wikipedia

    en.wikipedia.org/wiki/Friendly_fraud

    To combat digital transaction fraud, prepaid cards have been offered as an effective alternative to ensure customer payment. [3] MasterCard was sued in 2003 by an Internet vendor for having credit card policies and fees that have made Internet vendors especially vulnerable targets of friendly fraud.