123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> General >> View Article

Not-for-profit Company Fell To Credit Card Scam

By Author: lexie grey
Total Articles: 5

A local not-for-profit organization based in Chicago was victimized by a credit card scam called “card tumbling.” The culprits operate this type of scam by checking the usability of random stolen credit card numbers. The scammers process the card numbers to see if it still works.

Evanston Youth Lacrosse Association, a not-for-profit organization, teaches young boys and girls about the game of lacrosse for affordable rates. They offer nearly 20 scholarship grants to eligible children each year. The scholarship is given to children who want to join and learn about the sport but cannot afford it. The organization was surprised when they received a large bill from the credit card company in May.

iPayment, the company which handles the organizations’ payment system, did an inexcusable matter on the financial dilemma of the association. The company did not terminate the numerous attempts of fraudulent transactions. A month before the large bill was sent, the people behind the scam ran 23,000 duplicitous transaction attempts. This was the not-for-profit organization’s website.

The fraud transactions ran by card tumblers could have been dismissed by the payment company. iPayment did a dreadful thing about the scam because they were aware of where the fraudulent fees began and originated. Even with the information, they proceeded to charge the lacrosse association of fraud charges that amounted to thousands of cash.

According to Evanston Youth Lacrosse Association coach, David Singer, they don’t have the budget to incur a large expense using their credit card. They are a not-for-profit organization aiming to help kids who want to learn about lacrosse. It would be difficult for them to resolve the problem since they do not have many resources to settle the payments they did not even incur.

According to Tina Jamieson, the administrator of Evanston Youth Lacrosse Association, they need a refund because what happened to them was a fraud. Not only do they need to sustain the expenses for the scholarship grants they provide to children but they have coaches and field rental to pay.

Unverified transactions
The not-for-profit association suffered the consequences of card tumbler. The I-Team contacted iPayment to review and clear up the false transactions. It was successfully reversed. The payment company update the security parameters of the association. It was integrated so the recent fraudulent attempts do not reoccur.

iPayment has also issued a full credit to the organization for all fees related to these external fraudulent activities. Not-for-profit and charity websites become the usual targets of card tumbling scam because of the poor secure features of the website. People use the site for donations and pledges.

Evanston Youth Lacrosse Association and other organizations alike are suggested to have a better protection. It is also recommended to establish fraud prevention measures in terms of payment processing vendors. The donation amount must be regulated and kept in minimum. The credit card expiration dates and security codes must also be required.

THE DOMINION GROUP INTERNATIONAL

Total Views: 99Word Count: 478See All articles From Author

General Articles

1. Best Cancer Hospital In India
Author: anirban bhattacaharya

2. 7 Social Media Blogs You Must Follow
Author: Shubham Yadav

3. Supplier Of Southern-girl Style
Author: Ben Alford

4. Top 5 Incredible Hacks To Get The Best Apartments For Rent
Author: Balaji Services

5. Cracker Maryborough |backpage Maryborough
Author: bedpageseo

6. Epf And Esic
Author: AKT Associates

7. Backpage Bemidji Best Classified Site!
Author: bedpageseo

8. Secure Your Online Presence With The Best Seo Services In Usa
Author: Qtonix

9. Budget Air Supply Has The Hvac You Need At The Price You Deserve
Author: Butch Jouaneau

10. How To Eat Healthy When Eating Out?
Author: DR. Sarika Nair

11. The Role Of Orthodontist In The Occurrence And Treatment
Author: Alan Smith

12. Spine Care Technologies Inc. And Mdi Consultants Inc. Announce Strategic Alliance
Author: 1888pressrelease

13. Smart Meters Market Size Valued At $19.98 Billion By 2022
Author: Markets and Markets

14. Visit Coldman, Known As The Best Cold Chain Company.
Author: coldman

15. Hot Foil Stamping Services Sg
Author: Hot Foil Stamping Services sg

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: