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Last months arrest of Telegram CEO Pavel Durov spotlighted the platforms ties to criminal activity.The crimes stanley italia include people trafficking in weapons, stolen identities and child sexual abuse material. Add to that list another offense: returns fraud.Messaging apps like Telegram have become a popular place for fraudsters to promote schemes involving fraudulently returned merchandise, The Wall Street Journal r stanley cup eported Wednesday Sept. 11 .Some of these cases involve scammers returning knockoffs in place of designer goods or sending back boxes filled with bricks, according to the report. Others manipulate shipping labels to get a refund by sending back an empty envelope.Its be stanley us coming a major problem, costing retailers $101 billion last year, according to National Retail Federation estimates.Industry experts say scammers are sharing tips on how to exploit a specific retailers returns policies, per the report. Some scammers offer refunding services that can get customers full refunds in days without actually returning the products.A spokesman for Telegram said the companys moderators look to remove all fraud-related content and argued that the sites growth to nearly 1 billion users has caused growing pains in its content moderation, according to the report.PYMNTS examined the problem of returns fraud earlier this year in an interview with Doriel Abrahams of Forter and Richard Kostick, CEO of 100% PURE. We believe that around 15% of returns are actually fraudulent or represent abu Lpzc Instagram Infomercials Have Their Roots In Vitamix Blenders
EMV card issuance jumped by more than 27 percent in 2014 over the previous year, with key growth coming from the United States and China, according to ABI Research.The firm said on Thursday Aug. 6 in a statement that the EMV issuance was up a sizable 187 million units in the United States last year, and China logged 685 million units over the same period.It should be noted that the two countries drove the bulk of activity in the year. ABI said that if China and the U.S. were excluded from the calculations, the year-over-year shipment growth would be ratcheted down to just over 6 percent.The heady numbers are destined to be short-lived, according to the research firm, as the U.S. and China are likely to reach stanley termos saturation points, and then the annualized shipment numbers will settle into a range of 500 million to 700 million units, with only a few countries remaining globally to adopt EMV.In the statement announcing the latest survey results, ABI Researchs Phil Sealy, a senior analyst, noted, Although future growth for EMV card volumes may be limited, other revenue avenue stanley mug s are opening. All the major players including Gemalto, stanley usa Oberthur Technologies, Giesecke Devrient and Morpho are balancing strategies in a bid to address next-generation opportunities, Sealy added.The analyst continued: From a payments card perspective, contact-to-contactless migration is a natural step in next-generation EMV migration. But to ensure continued volume growth, vendors have to bal
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