PYMNTS

DECEMBER 3, 2018

The Federal Trade Commission (FTC) warned Monday (Dec. 3) that a new scam is targeting people 70 and older, in which they are being tricked into sending large amounts of cash to people pretending to be their grandchildren. “These scammers are experts at impersonating people they’ve never even met.

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PYMNTS

MAY 21, 2019

Payment company Allied Wallet and its owner, Ahmad Khawaja, as well as two officers, Mohammad Diab and Amy Rountree, have settled with the Federal Trade Commission (FTC) over allegations of knowingly processing fraudulent transactions related to scams, the FTC reported on Tuesday (May 21). Rountree’s $320,429.82

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FICO

JULY 7, 2020

COVID-19 scams are on the rise. In a recent webinar I hosted, we learned that 31% of participants had received a communication that looks like a COVID-19 scam in the past 30 days. This can also take shape as a romance scam, where the criminal creates an enticing fake profile and builds a relationship with their unsuspecting victim.

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PYMNTS

AUGUST 11, 2020

Congress has yet to agree on the next round of stimulus funding, but the Federal Trade Commission ( FTC ) is already warning the public to beware. No one will call to ask for your bank account, credit card or Social Security number, the FTC said. Consumers who spot a scam should contact the FTC at ftc.gov/complaint.

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PYMNTS

FEBRUARY 25, 2020

To support scam victims, the Federal Trade Commission (FTC) will start to send refunds of over $1.7 million to consumers who fell victim to a tech support scam, the agency said in a press release. The FTC will start to provide 57,960 refunds with an average of approximately $30 to each of the scam’s victims.

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PYMNTS

SEPTEMBER 28, 2016

monthly fee for credit monitoring the FTC said they never ordered. The FTC and the states of Illinois and Ohio said they secured the consumer redress as part of a settlement of charges against One Technologies in Jan. The FTC alleged that the defendants violated the FTC Act and the Restore Online Shoppers’ Confidence Act.

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PYMNTS

DECEMBER 17, 2020

The “stimulus” scams are already out there, reports NBC News. This scam is a new twist on those we’ve been seeing much of this year.”. Stimulus scams have been running all year , as have COVID-connected attempts to heist consumers’ funds. The FTC marked $201.26 PIRG Education Fund, told CNBC. “We

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PYMNTS

JUNE 9, 2020

A Texas operator of several payment processing centers has agreed to be permanently banned from the industry in order to settle charges by the Federal Trade Commission (FTC) and the state of Ohio that they unlawfully participated in scams, according to a press release. District Court for the Western District of Texas.

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PYMNTS

JANUARY 18, 2021

This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 19 million in shipping scams hit Amazon , according to U.S. 250,000 in loan offerings are appearing in a new COVID-19 scam targeting small businesses , the U.S.

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PYMNTS

FEBRUARY 20, 2020

The Federal Trade Commission (FTC) has sent $34 million to victims of a scheme by Office Depot and a separate software provider that encouraged them to buy unnecessary computer repair products, according to a report. The FTC is distributing 541,247 checks at $63.35

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PYMNTS

MAY 19, 2020

More than 147,000 consumers who were scammed by I Works are getting full refunds totaling $12 million, the Federal Trade Commission (FTC) announced Monday (May 18). The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010.

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PYMNTS

MARCH 7, 2018

The Federal Trade Commission (FTC) has announced that new Medicare cards will be mailed out starting next month. The FTC is requesting that once the new cards are received, the old ones should be shredded immediately. But as the new Medicare cards start being mailed, there might be an uptick in related scams.

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Payments Source

MAY 20, 2020

First Data Merchant Services LLC and a former executive agreed to pay more than $40 million to settle a claim by the Federal Trade Commission that the company processed payments and laundered credit card transactions for scams targeting hundreds of thousands of consumers.

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PYMNTS

JULY 21, 2020

The Federal Trade Commission (FTC) testified before the Senate Commerce Subcommittee on Manufacturing, Trade and Consumer Protection on Tuesday (July 21), detailing its efforts to combat coronavirus-related fraud, including sending warning letters and trying to educate customers on how to spot a scam, according to a press release.

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PYMNTS

APRIL 30, 2020

Bitcoin blackmail scams are on the rise , according to the Federal Trade Commission (FTC). The scams are usually centered around emails claiming to have recorded the user visiting an adult website. The FTC’s advice when one receives those messages is blunt: “Stop. It’s a scam.”. Don’t pay anything.

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PYMNTS

MARCH 2, 2020

In response to fraud from the American Immigration Center, the Federal Trade Commission (FTC) is sending out refunds for those defrauded, according to a press release. The FTC will issue 4,976 refund checks and 44,136 PayPal payments to victims, totaling over $2 million to help make them whole. There was also a $2.2 Analytics Inc.,

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PYMNTS

FEBRUARY 11, 2019

The Federal Trade Commission said it will send refund checks to people who were victims of a tech support scam. FTC, as part of the settlement, will mail checks that average around $380, and totalling $26,000, to about 70 people. Sometimes, the alleged bad guys would install malware. The checks have to be cashed within 60 days.

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PYMNTS

OCTOBER 13, 2016

In one of the latest legal twists on hackers who hold hardware and software and the data held within for ransom, Courthousenews.com reported Thursday that the Federal Trade Commission has sued five firms and three men havuing allegedly acted as masterminds behind a global Internet scam.

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PYMNTS

JULY 1, 2020

Since the beginning of the coronavirus pandemic, the Federal Trade Commission (FTC) has received a record number of complaints related to online shopping, the agency reported on Wednesday (July 1). The most common missing items included face masks, sanitizer, toilet paper, thermometers and gloves, the FTC said.

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PYMNTS

FEBRUARY 12, 2019

12) about potential “romance scams,” which cost victims a collective $143 million last year. The FTC said these particular types of scams cost people more than any other type of swindling, and that they’re expected to become more common. Also, make sure to notify any dating site on which the person tried to scam.

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PYMNTS

MAY 19, 2020

million to settle allegations that they laundered credit card transactions for scams targeting hundreds of thousands of consumers, the Federal Trade Commission (FTC) said on Tuesday (May 19). The FTC said that Ko operated First Pay Solutions LLC, an independent sales organization (ISO) affiliated with First Data, from 2012 to 2014.

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PYMNTS

JULY 27, 2016

Victims of an illegal credit card billing scam have started receiving checks from the Federal Trade Commission. The FTC said it has begun mailing checks, amounting to $9.7 million, to the 321,982 consumers that were victims of the scam by J.K. All of the illegal actions date back to 1998, the FTC noted.

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PYMNTS

DECEMBER 5, 2017

4) it filed a complaint in a federal district court in Orlando to stop a credit card interest rate reduction scam. In a press release , the FTC alleges that the scam deceived a number of consumers who were already struggling with credit card debt. The Federal Trade Commission announced Monday (Dec. and Travis L.

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PYMNTS

DECEMBER 17, 2019

The Federal Trade Commission (FTC) is refunding over $2.6 million to small businesses that were scammed by A-1 Janitorial, a New York-based office supply company, the FTC said in a press release on Tuesday (Dec. The FTC is mailing 30,374 checks averaging $86 each to victims of the alleged scheme. In April , a U.S.

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PYMNTS

NOVEMBER 18, 2020

The Federal Trade Commission (FTC) has alleged that the mobile banking app Beam Financial has misled customers about quick transfers of funds, a press release says, with some customers receiving funds late or not at all. Some of the most popular scams included eCommerce sites not delivering items that had been promised.

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PYMNTS

MARCH 2, 2018

But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. Overall, the FTC is seeing that consumers are losing more money due to fraud in 2017 than 2016.

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PYMNTS

OCTOBER 1, 2019

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. The top five frauds to which millennials report losing money are online shopping frauds, business imposters, government imposters, fake check scams and romance scams.

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PYMNTS

MAY 15, 2017

Merchants that accept checks or online payments are being warned about a scam that could cost them time and money. The FTC warns the public that if you receive an ACH payment, check, cashier’s check or certified check from a customer with this routing number, do not accept it.

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PYMNTS

JUNE 19, 2018

The Federal Trade Commission (FTC) has announced a new law enforcement initiative targeting operations seeking to defraud small businesses. attorneys’ offices and the Better Business Bureau (BBB), the FTC has released the results of Operation Main Street: Stopping Small Business Scams. Postal Inspection Service, two U.S.

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PYMNTS

DECEMBER 1, 2016

2015, the FTC brought charges against Jason A. The FTC claims that the defendants in the case sold applications to Ideal Financial for roughly $0.50 Scammers used consumer information they bought from this operation to make millions in unauthorized charges,” said Jessica Rich, director of the FTC’s Bureau of Consumer Protection.

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PYMNTS

OCTOBER 2, 2020

The Straits Times , a Singapore newspaper, reported that police have received about 11 reports of purchase order (PO) scams since August. More than 200,000 Americans have lost $145 million linked to the COVID-19 pandemic since the start of the year, the Federal Trade Commission (FTC) reported last month.

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PYMNTS

JUNE 22, 2020

The Federal Trade Commission ( FTC ) is sending out over $8.7 Triangle, along with other defendants in the FTC’s case, was marketing items online, such as skin creams, electronic cigarettes, and dietary supplements, according to the release. for the full product and then signed up for a costly continuing negative option plan.

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PYMNTS

DECEMBER 29, 2016

According to an FTC alert , scammers are creating official-looking fake emails alerting recipients that their licenses will be suspended unless they pay past due fees. With some of the scams, they insist money is wired over by the close of business, while others demand the victim give a credit card number on the spot.

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PYMNTS

JULY 7, 2020

Americans have lost more than $77 million in COVID-19 fraud since the start of the year, according to the Federal Trade Commission (FTC). But that number misses an unprecedented scope of scams connected to the coronavirus, according to John Breyault , a spokesman for the National Consumers League , the Washington, D.C.-based

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PYMNTS

OCTOBER 17, 2018

A new report from the Federal Trade Commission (FTC) says that fraudsters are increasingly requesting to be paid with gift cards, with some even asking for certain brands such as Google Play and iTunes gift cards. The report adds that the gift cards aren’t just requested during tech support scams.

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PYMNTS

MARCH 16, 2017

In a Payday Support Center scam, the Federal Trade Commission (FTC) is coming to the rescue by sending out money to the debt victims. Here are the numbers: 561 | Number of checks mailed out by FTC. Financial debt is something that plagues everyone at one point or another in their lifetime.

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Tearsheet

JANUARY 28, 2025

Last year, the FTC received 2.6 million fraud reports with only 5% of those scams occurring through P2P networks. Fighting fraud and scams is not a new initiative for Zelle. In 2023, we processed 99.95% of transactions without a report of scam or fraud, but we know the work to stay ahead of criminals is never done.

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