Credit Card Processors Stealing from Business Clients

credit card scamsConsumers already worry about businesses storing and possibly stealing financial information. Now consumers have to worry about the credit card processors stealing the information from businesses. Recently, several proprietors of a credit card processing company  have been indicted on several charges in Phoenix, Arizona.

The various charges include money laundering, wire fraud charges, and changing contract terms among other charges. Sean Clinton Mecham, 36, Ashley Brisbin Mecham, 27, Jonathon L. Cannon, 31, and Jake Brisbin, 26, were all indicted by a federal grand jury.

According to court documents, the accused were executives and employees at Icon Payment Solutions, Axiom Merchant Services and Oracle Payment Services. These companies are all the same company just under different names and they processed credit card payments for retailers.  Prosecutors allege that the quartet were misleading customers, forging the signatures of business owners and deposited $2.9 million of the ill-gotten gains into personal accounts. The money was then used to buy a luxury boat, Maserati cars and off-road trucks for racing.

There were multiple complaints against the quartet and the companies that they owned to the Better Business Bureau.  The accused Continue reading Credit Card Processors Stealing from Business Clients

5 Credit Card Safety Tips for Travel during the Holidays

credit card scamsTraveling during the holidays should be fun. It shouldn’t be filled with worry and stress. Using a credit card instead of cash or a debit card can make travel during the holidays less stressful and less risky. Use these five tips to keep from becoming a victim of credit card fraud.

Pick One Card

Pick one credit card to take with you. Make sure you have a copy of it, but store this copy in a safe place. Carrying multiple cards can lead to the loss of one or more of them.  When you pack for traveling remember to remove all other cards and store them in a secure location.  If your wallet or purse get stolen while you are traveling it is much easier to deal with one stolen card instead of six.

Separate Your Credit Card from Purse or Wallet

Don’t keep your credit card in your purse or wallet. Purses and wallets, particularly  Continue reading 5 Credit Card Safety Tips for Travel during the Holidays

Personal files containing financial data mistakenly sold at Goodwill stores

As the holiday approaches I begin to clean out my house.  I do this for several reasons.  First, I know that with the holidays there is going be some presents underneath the tree that are going to need so space to be stored in when they are not being played with.  I also know that especially during the winter months and holiday season charitable organizations are in big demand and can use all the help they can get in the form of monetary as well as physical donations to help meet the needs of the hundreds that call upon them.  Last but not least, I don’t like anything to go to waste and the coat my daughter wore four times (it doesn’t get really cold here in Houston) and has now outgrown doesn’t belong in the trash, but it does belong on another little girl who could use one.  But with all this peace on Earth and good will towards man, it’s important to pay attention to what’s going out the door and into the hands of others.

We have talked before about the importance of clearing your electronics like cell phones and computers of information, personal data and stored information and images.  But what I never imagined I would find is that important papers could be lost and then found again, but quite possibly the wrong person as many of us clean out closets and make donations.

NBC News recently reported about a purchase made at an Indiana Goodwill Outlet Store.  Edith Watson purchased a box during a bulk sale not knowing what it contained, but they were selling it for pennies per pound.  Hoping to find something good, she realized after she got home that if she was an identity thief she definitely would have “struck it rich” as the entire box contained document after document of financial information, social security numbers, credit card bills, medical records and more. After reporting it to her local televisions station a look at other Goodwill locations occurred, finding that this was not a singular incident.

Yahoo News reports:

Goodwill’s Marketing Vice President Cindy Graham admitted their mistake and told WTHR, “We do take this very seriously…They don’t want us to have it and we don’t really want to have it either.” Policy changes are on the way after the charity completes their internal investigation. Cindy Graham said, “We’re going to take a look and see how we can prevent that from happening. Our process would have been and should have been and will be, ‘Let’s shred this.’” She also adds that Goodwill encourages all donors to be cognizant of what they are donating so that sensitive documents do not mistakenly end up at their retail stores.

How did this happen?  Several different ways including cleaning out the home of a deceased family member and the cleaning service not properly disposing of or passing the information on to the family. In another case boxes marked for storage were sent to Goodwill instead of storage.  Apparently theses boxes were never inspected by Goodwill, simply placed in the outlet stores.

Graham told the Indy Star, “We’re looking at every one of our processes,” she said, “and seeing what needs to be done differently so that there isn’t a gap and that material that was donated doesn’t get into the wrong hands.”

I think it’s happened to everyone. You are cleaning out drawers and dressers, closets and desks and make stacks of to go, to stay to donate.  I know in our home one of my daughter’s beloved characters for her homemade videos were accidentally donated.  Not exactly on the same level as letting my personal documents out of my hands, but it’s just a small example of how anyone can make a mistake.

So, keep in mind this holiday season as you show goodwill toward men to double check your boxes, computers, cell phones and other items for anything personal.  It’s one thing to be charitable, it’s another thing to have your whole identity stolen.

U.S. Senate Launches Anti-Fraud Hotline

Victims of fraud are increasing on a daily basis. Everyone is a target, but some people are more at risk than others. Elderly people, lonely people, and immigrants are often targets of fraudulent activity. Scams to get credit card and other financial information include email scams for moving large amounts of money, phone calls asking for financial information because a loved one is in trouble, and online matchmaking gone horribly wrong.

People have lost their livelihoods by falling victim to these scams and schemes. The United States Senate wants to put a stop to them and wants to help victims of fraud, especially elderly victims.  A new anti-fraud hotline has been unveiled to make it easier for senior citizens to report suspected fraud and to receive assistance.

“If you Continue reading U.S. Senate Launches Anti-Fraud Hotline