“Will you be paying with cash or card?” It’s a question that’s been asked of consumers for decades. And despite the increasing popularity of digital payment methods, cash and card remain the most popular choices worldwide. In 2021, 65 percent of all point-of-sale transactions globally were made using cash or card, according to Fidelity National… Continue reading The Guilty Way We Pay
Category: Consumer Issues
Holiday Scam Alert
The holiday season is busy enough as is. The last thing you want to be dealing with is scammers trying to – or successfully – tricking you out of your money. Five common holiday scams include: Holiday Charity Scams: This may be the commonest scam of all. Delivery Scams: As holiday packages are delivered around… Continue reading Holiday Scam Alert
Watch Out for Fake Health Claims
If you’re browsing the Internet and are tempted to buy a particular health product, one of the best ways to protect yourself from fake, and even possibly harmful, items is asking whether a claim sounds too good to be true, or if it contradicts what you’ve heard from reputable sources. In July 2022, the U.S.… Continue reading Watch Out for Fake Health Claims
Consumer Fraud Scams Are on The Rise
Newly released Federal Trade Commission (FTC) data shows that consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70 percent over the previous year. According to a news release from the FTC, the agency received fraud reports from more than 2.8 million consumers last year (2021), with the… Continue reading Consumer Fraud Scams Are on The Rise
The State of Scam Calls
According to the Federal Trade Commission, complaints about imposter robocalls totaled nearly 600,000 in fiscal year 2021, with scammers frequently posing as representatives of the Social Security Administration or the Internal Revenue Service. The FTC also said that nearly three million people signed up for its Do Not Call Registry Data Book, bringing the total… Continue reading The State of Scam Calls