FBI Warning Highlights New Account Takeover Scams
The FBI Internet Crime Complaint Center has received more than 5,000 consumer complaints about account takeover (ATO) fraud already this year, totaling more than $250 million. The news came in an FBI warning about several new ATO scams consumers should be vigilant about. In ATO fraud, criminals usually gain unauthorized access to a targeted online […]
How Stored-Value Accounts Are the Next Iteration of Prepaid Payments
Consumers are loading account balances, whether to buy a cup of coffee or to purchase a toll pass. Although a gift card may be the traditional form factor of prepaid products, these stored-value accounts are essentially a gift card purchased for self-use. This concept is revolutionizing the prepaid industry. As Jordan Hirschfield, Director of Prepaid […]