It's a scam where credit or debit card information is stolen from the payment terminals we use daily without a second thought. These terminals can be at everyday locations such as your local coffee shop, grocery store, ATM, or gas station

In March, the U.S. Department of Agriculture told all 50 states to plan to fight EBT skimmer fraud, which happens when bad actors install a card reader on top of a legitimate point of sale at a retail store

INETCO BullzAI is a powerful fraud detection system that can detect and prevent EBT fraud skimming

In our last blog, we looked at 2022’s most prominent global payment fraud trends, including application fraud and synthetic identities, bot-driven DDoS attacks, brute force BIN attacks, and authorized push payment fraud

Payment fraud was at an all-time high ‍in 2022, as hackers and scammers took advantage of increasingly sophisticated techniques to access and exploit payment networks

With an increase in online payments volume, comes an increase in payment fraud. Many merchants have hurried to solve this problem, only to discover an even bigger challenge, namely the increase in falsely declined transactions which leave many shoppers frustrated enough to abandon their shopping journey altogether