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APP Webinar - "Money Mules &  Bogus Subscriptions: How Scammers ..."

APP Webinar - "Money Mules & Bogus Subscriptions: How Scammers ..."

Tuesday, July 16, 2024
11:00 AM - 12:00 PM (PDT)

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Event Details

Money Mules and Bogus Subscriptions: How Scammers Infiltrate the Payments Ecosystem

Payments experts Shari Savlick, David Press, and Will Seitz discuss the latest evolution of transaction laundering. In this multi-part scam, fraudsters obtain payment processing for multiple websites. Then, using stolen credit cards, the scammers enroll their victims in a low-dollar monthly subscription. The cards are obtained through various illegal methods, including fake identity validation schemes, sham vehicle history report requests, and even phony parking tickets! Our presentation will describe this complicated scam in depth; disclose patterns and techniques used by these criminals; and provide guidance for keeping these illegal actors out of your portfolio. 

Shari Savlick
Vice President, Merchant Compliance
Merrick Bank 

David Press
Vice President, Card Brand Relationships, Card Brand Compliance

Will Seitz
Director of Sales, Americas
G2 Risk Solutions 

Check out APP's new Fraud Trends Strategic Interest Group's (SIG's) paper on Money Mules before you attend this webinar. 
Members can find this and other papers in the "7 Things to Know About..." Series at this webpage - click here.