Sonic Drive-In, a fast-food chain with nearly 3,600 locations across 45 U.S. states, has acknowledged a breach affecting an unknown number of store payment systems. The ongoing breach may have led to a fire sale on millions of stolen credit and debit card accounts that are now being peddled in shadowy underground cybercrime stores, KrebsOnSecurity […]
Mastercard is unveiling an anti-fraud tool that’s been in development for more than three years, bringing a new way to pinpoint cards and accounts at the highest risk of fraud following data breaches. Read more here
Visa and MasterCard are sending confidential alerts to financial institutions across the United States this week, warning them about more than 200,000 credit cards that were stolen in the epic data breach announced last week at big-three credit bureau Equifax. At first glance, the private notices obtained by KrebsOnSecurity appear to suggest that hackers initially breached Equifax starting in November […]
In the wake of the massive data breach at Equifax, some are calling for tokenization of all data that has the potential to be stolen by fraudsters. Read more here
Compliance is improving, but more than 40% of companies still have work to do, according to a new Verizon report. Read more here
Responsibilities: • Responsible for monitoring, analyzing and reporting fraud, suspicious activities and risky activities on merchant accounts; • Develop and implement new risk mitigation solutions and frameworks that improve our ability to deter, detect, measure and intervene against fraudulent activity, including better operational processes, automated systems and upstream design solutions; • Ensure the right rule […]
Responsibilities: • Process accounts payable and receivable for multiple entities and ensure the follow-up of all outstanding items; • Monitor cash flow and bank reconciliations; • Prepare payments (checks, wires) and their accounting for a multi-currency environment; • Respond to all vendor inquiries; resolve invoice discrepancies; maintain records and vendor files; • Analyze accounts and […]
Responsibilities: • Provide general administrative and clerical support including mailing, scanning, receiving visitors, faxing and copying for the office; • Plan, schedule and coordinate meetings; • Prepare presentations, expense reports or other reports; • Edit, correct, and translate documents (presentations, letters, etc) in Dutch, French and English; • Manage travel arrangements; • Answer calls; • […]
The cashless ATM is meant to make it easier for legal dispensaries and other high-risk stores to accept card payments. But for Alden Linn, owner of World of Weed, it became a hassle. Read more here :
Welcome to the news section of Chargepay.net. We have recently added this section to share with you what we believe are the relevant updates and news concerning compliance and risk management related the high risk merchant world. And we’ll throw along some updates on new hacks and security topics as well for your viewing pleasure.