Experian Releases E-commerce Fraud Report and other Digital Transactions New briefs

• U.S. Attorney General Loretta Lynch is expected to announce a crackdown on a global mail-fraud scheme that allegedly stole millions of dollars from elderly victims, CNNMoney reported. At the center of the investigation is an Canadian processor named PacNet Services Ltd. that reportedly deposited many of the victims’ checks. PacNet said it never continued to process payments for any promotion it knew to be deceptive.

• Eudora, Kan., is home to the highest e-commerce billing fraud ZIP code, found Experian in an analysis of e-commerce transactions from the first six months of 2016.

• Internet giant Yahoo! Inc. is soon expected to confirm a massive data breach that exposed several hundred million user accounts, the Recode online tech news service reported, citing anonymous sources. Earlier this summer Yahoo said it was investigating a possible breach affecting 200 million accounts. Yahoo is in the process of selling its core business to Verizon Communications Inc. for $4.8 billion.

• Canada’s finance minister said he will review network fee reductions that Visa Inc. and MasterCard Inc. agreed to in November 2014 in order to ensure compliance and determine their effects.

• Security-services provider Parabit Systems Inc. said it is making lobby access controls that work with near-field communication (NFC) and contactless EMV devices, including many phones, payment cards, and wearables.

• Global consumer card payments will top $23.1 trillion in 2016, surpassing cash payments for the first time, said Euromonitor International, a financial-services consulting firm.

• Testing lab FIME introduced the Savvi 3.0 EMV testing tool that includes a card emulator to enable capturing of test data for analyzing by the test platform.

• Cubic Transportation Systems, a provider of fare-payment systems for transit agencies, opened its Global Operations Centre in Stockton-on-Tees, England, where Cubic already has a facility; the new one will support Cubic customers around the world.

• Health-care payments specialist SwervePay named Mike Luessi as executive vice president for sales and channel development. Luessi previously worked at Microsoft Corp., Target Corp., and Unisys Corp.