Memento provides next-generation technology and solutions that enable financial institutions to rethink and improve the way they combat fraud and manage compliance. Memento customers realize unmatched business value and rapid ROI.

bank fraud forum

Secret Service Arrests 5 In Credit Card Fraud

March 10, 2011
Total Loss: $200,000

A credit card fraud conspiracy led U.S. Secret Service agents to Central Florida. Investigators said the crime was hard to detect. The suspects would take gift cards and encode them with information stolen from American Express and MasterCard holders to spend at stores. The Secret Service told WFTV Tuesday it could have cost the suspects as little as $10 per card number.

Source: WFTV
Posted in: Credit Card Fraud