As active participants in the evolving payment community since 1972, MagTek is leading the industry efforts to wipe out counterfeit card fraud once and for all.
Counterfeit cards have a huge cost on banks, processors, merchants, and consumers, and everyone will benefit from a collective effort to save over $100 billion dollars a year in fraud.
Join the discussion by selecting any of the groups on the right side of this page, tell us what you think, what you want, and how you think we can get there. Stay current on the news below, read what others are saying on our blogs, and download stories, white papers, podcasts and more.
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Payment Card Fraud News
Payment Card Fraud News from Around the World-
Skimmed Credit Card Data Put on Gift Cards and Used in Scam
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Large Ring of Fraudsters Being Brought to Justice
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Olympia, WA Teenager Took More Than Customers' Orders
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14 Customers File Reports, More Victims Anticipated
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Suspect Worked at Foothills Business Where He Skimmed Customers' Cards
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Scrutinize Your Accounts Today
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Protect Yourself This Holiday Season
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Nevada Attorney General Suggests Tips to Fend Off Holiday Scammers
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Authorities Apprehended Suspects Due to Erratic Driving
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Califorina Veterans the Real Victims of this Scam
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University of Georgia Student Sentenced to 70 Months for Fraud
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Restaurant Served Skimmed Customers' Payment Info When Settling the Bill
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Skimming Devices Suspected in Fleecing of Residents
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Pulled-Over Culprit Caught with Counterfeiting Gear, Cards and Cash
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Popular Chain Store Hit By Fraudsters, Keeping Mum on Details
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Victims From Michigan, Colorado, Texas and Georgia
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111 People Arrested Across U.S.
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San Rafael Police Track Thief After She Buys Gas With Fraudulent Card
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Messages Come From Local Numbers in the Twin Cities
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Loveland, CO Movie House Site of Card Breach
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Excessive Expenditures Rung Up on Cloned Government Card
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Man Faces Up to Ten Years in Prison
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Serial I.D. Thief Sentenced to 5 Years
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Payment Tidbits - Steve Sommers
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Philadelphia Area Mall Targeted by Crook
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Paso Robles Police Alert Community to Be Cautious
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Laguna Beach Police Confiscate Almost 100 Fraudulent Cards
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Drive-Thru Employee Skimmed Cards While Taking Orders in Minnesota
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Criminals Message Victims, Phishing For Sensitive Credit Card Information
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Card Info Stolen This Summer, Charges Made All The Way To Texas
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"Something Fishy" Tips Off Authorities
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Four Banks and Hundreds of Customers Lose Thousands
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Crook Stole Credit Card Numbers at Restaurant
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Over $700,000 Charged Up on Stolen Accounts
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Mugs & Jugs Restaurant Site of Skimming
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Personal Information Skimmed from Gas Station Used for Fraudulent Credit Card
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Some Card Info Used Minutes Later in New York City
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More Than 120 Victims Impacted
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Men Discovered with Computers and Mounds of Plastic Cards
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5 Arrested for Making Fake Cards
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Three NYC Men Arrested in Wake of Criminal Spree
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Service Station Location of the Breach
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Thieves Stole Credit Card Info and Purchased Gift Cards
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New Jersey Police Nab California Pair for Credit Card Fraud
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13 People Arrested in Florida
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$100,000 Illegally Charged to Compromised Accounts
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In-Store PIN Pads Compromised
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Michigan Workers' Accounts Used All Over U.S.
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Two Brothers Behind Massive Fraud Scheme
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Crooks Selling Stolen Card Data Online
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Toronto Police Work With Wal-Mart Security to Break Fraud Ring
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Maternity Clothing Website Used to Launder Money from Credit Cards
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Caught After Spending Over $15,000
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Stamford, CT Woman Caught Using Fraudulent Cards
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Twelve Victims File Complaints in Aspen, CO
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West Virginia Sees a Spike in Card Fraud
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Stolen Identity Used to Manufacture Bogus Cards
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Gang from Maryland Uses Stolen Card Info for Buying Spree
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People Who Sell Their Old Phones Prime Targets for Identity Theft
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A Breakdown of Who Orchestrates Card Fraud
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Connecticut Resident Discovers over $5,000 Spent Across Europe
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Police in Bakersfield Ask for Public's Help
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"A Higher Level" of Card Fraud Uncovered
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Bridgeport, CT Resident Arrested for Orchestrating Card Fraud
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Scam Artists Lure Generous People to Provide Credit Card Info
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Automated Gas Pumps Targeted
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Ridgewood, NJ School Production Costs Parents More Than Price of a Ticket
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Central Florida Latest Area Hit
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Man Traveled through Ohio and Pennsylvania Using Stolen Card Info
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Waitress Used Customer's Credit Card Info to Buy Personal Items
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Harford, Maryland Sherrif Arrests Suspect after Fraud Discovered
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Information Stolen in St. Louis used in California and New York
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Airline Employee Steals $500,000 from Flyers
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Police Offer Tips to Avoid Card Fraud
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Mom Did Not Authorize Use, It Is Still Fraud
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How One Hacker Took Over the Billion-Dollar Cybercrime Underground
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Rikers Island inmate spearheads fraud ring from the inside
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Two Massachusetts Men face felony charges
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59 Accounts Breached in latest skimming attack
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You can love your children, just don't trust them with your card.
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Learn how card theft is cheap and easy
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Tips to secure your Credit Card information
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Sierre Madre falls victim to "break out" skimming attack
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Wal-Mart employee arrested for skimming customers' credit card information
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Information on 110,000 customers compromised
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Payment Database Breached at Major Retailer
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An app for stealing credit card information?
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Four suspects apprehended by Secret Service
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Cards skimmed as drivers sit in their cars
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Bogus credit card helps catch card fraudsters.
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Dozens arrested in "skimming" scheme.
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Cleveland Federal Reserve Hacked
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Square allows easy credit card acceptence -- does it also allow easy credit card skimming?
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Another reason to review your accounts.
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A new method of card fraud that happens in minutes.
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Crooks devise simple, inexpensive new ways to compromise payment terminals
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An increasingly common high-tech method experts say makes up just a fraction of a $10 billion international criminal trade.
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A California-based security company says its Magneprint's system uses a card's magnetic stripe like a fingerprint to prevent counterfeiting
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Hotels can keep guests' credit card data secure -- it's good business.
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The Jamaican Observer on how MagTek's MagnePrint can reduce the $245 million card fraud in Jamaica alone.
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Debit and Credit Card Fraud strike Scotiabank Jamaica
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Emerging Technologies, Trends Give Fraudsters Greater Access to Customer Data
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It doesn't take the brilliance of a rocket scientist for a nefarious employee to hack into a hotel computer and steal your credit card info
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Is it really time for the US to invest in, and move to EMV when the approach to magnetic stripe fingerprinting is simpler, more cost-effective and more seamless to consumers, merchants and issuers?
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The losses are expected to total several million dollars.
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A great presentation from Barnaby Jack at the Black Hat Briefings in Las Vegas
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Thieves are using high-tech skimmers to steal account information
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The number of domestic ATM skimming attacks is five times higher today than even a year ago
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The FBI in the United States has smashed two Bulgarian crime rings accused of defrauding Las Vegas and Phoenix area car dealers out of $1.6 million
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Pop quiz: Can you be a victim of credit or debit card fraud if you still have the physical card?
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Account balances under $100,000 need not apply
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Skimming devices attached to cash machines to read users' card details increasingly return their data to the criminals via SMS text messages
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"Cloned" debit cards have been used to steal more than $200,000 from Long Island banks between April and the end of May, police said.
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Brian Krebs does it again with great reporting!
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A federal grand jury in Connecticut indicted three Queens residents on charges related to alleged participation in an ATM “skimming” scheme.
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Written by Evan Schuman of Storefrontbacktalk.com
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Smartcards may be the future, but legacy payment cards still need support
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More than 100 customers have said they have found fraudulent charges on their debit cards
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Payment card fraud can be a multimillion-dollar racket
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Skimmer scams are hitting cities across the country
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Thousands of dollars in unauthorized withdrawals were made from bank accounts
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The hacker who gained notoriety for helping to purloin millions of credit and debit card numbers has been sentenced to 20 years in prison
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A relatively inexpensive technology could wipe out the multi-billion dollar costs of payment card fraud
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Device Discovered by ATM Technician in VA
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"According to the industry, ATM skimming is becoming the No. 2 way in which credit and debit cards are becoming compromised,"
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Another week, another data breach affecting some Cincinnati area bank customers
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MagnePrint I.D.s counterfeit cards at point of purchase
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While credit cards and debit cards may look almost identical, not all plastic is the same
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5,000 Cards Blocked After New Fraudulent Transactions Reported
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...allegedly taking $2 million by using credit card skimming technology at gas pumps
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Retailers are using their heads to combat fraud involving the use of counterfeit credit, debit and gift cards
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QwickPay, the safest way
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EXCLUSIVE INTERVIEW - Q&A With Heartland CIO Steven Elefant
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Five Institutions Say Customers Received Fraudulent Calls
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INITIATIVE TO WIPE OUT CREDIT CARD FRAUD
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Online service providers will have to improve their authentication measures or lose out to competitors, an international survey has concluded.
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A former ringleader of a top internet carding site run secretly by the FBI has pleaded guilty in the United Kingdom.
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Avoid the Chargeback Fees and Hassles - Simply Stop Fraud
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Admitted TJX hacker Albert Gonzalez has identified two Russian accomplices who helped him hack into numerous companies and steal more than 130 million credit and debit card numbers.
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Counterfeit credit/debit card fraud accounts for billions of dollars. To make matters worse, experts agree it is the number-one way terrorists fund themselves. We need to change that.
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PYMNTS.com recently had the honor to speak with MagTek's CEO Mimi Hart and asked her to share her thoughts on this potentially game-changing device.
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This is the time of year that credit-card and debit-card use is at its peak. It is also the time for credit-card fraud.
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From The Tech Herald - Security
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Enterprises should rethink their approach to IT security, panelists say
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Keep your credit card or debit card info out of the hands of scammers with these counter-fraud tips.
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The WSJ takes aim at counterfeit card fraud...
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Media discussion on the Campaign to Wipe Out Counterfeit Card Fraud
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This is a recap of MagTek's event at BAI's Retail Delivery Conference where Tom Patterson exposes the links between counterfeit card fraud and terrorism. - Podcast
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Steve Potisk interview with Tom Patterson - Podcast
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BAI Retail Delivery 2009 - Podcast
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Card fraud's devastating ramifications, the extent of which few fully understand (2009-11-16)
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Recording the magnetic fingerprint (MagnePrint) gains critical momentum...
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Watch FBI's Shawn Henry and CSIS's Jim Lewis scare you with stories...
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Credit card skimming devices found loaded with info...
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Reaffirms Support for Card Authentication Technology
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Skimming works on debit cards too, but so does the anti-counterfeiting....
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As the campaign to wipe out counterfeit cards goes to the hill...
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Visa takes fighting fraud seriouslly-- and so should you!
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ATM machines and 2500 bank accounts compromised
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Pair arrested in Thailand with counterfeit credit cards.
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At least 18 bills have been introduced as Congress considers digital disaster
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MagTek's cost-netural plan to reduce counterfeit card fraud gains PCI notice...
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Merchants and Issuers focused on who pays, instead of who saves.
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Fraud, Security Raise Cost Concerns for ATM Managers, Report Says
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A FIFTH of all Australians are victims of credit card fraud...
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Good news piece on credt card fraud using skimmers on gas pumps in North Carolina.
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Not only steals your banking ID/PWD, but takes your money at the same time!
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I wonder what the sentence for credit card fraud in Saudi Arabia is?
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Security expert Tom Patterson talks to CBS News about card skimmers.
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