Category Archives: Credit Cards

VIPA Director: New Guidelines For Charge Card After Embezzlement

Port Authority Executive Director Carlton Dowe stated Friday that brand-new guidelines remain in location relating to the use of credit cards in the company after news that a trusted employee was detained and implicated of stealing more than $200,000 with her Port Authority credit card.There are some internal controls that we certainly put in place, Dowe told The Daily News. We knew that we had some internal obstacles that we had to correct.Lydia Cabret, a former buying manager for the VIPA, was apprehended Thursday and charged in connection with ratings of unauthorized charges on her Port Authority charge card, including $102,668 in cash advances taken over 14 months at one branch of Banco Popular on St. Croix.Dowe stated Friday

that the Port Authority had started carrying out an internal audit of all credit cards appointed to the St. Croix system in April 2014, which the arrest came as an outcome of the subsequent internal investigation.Cabret carried out all purchases for the Port Authority unit in St.

Croix, according to statements kept in mind in the affidavit signed by unique representative Leonardo Carrion Sr. of the Special Investigations Department of the Justice Department.Dowe stated Port Authority guidelines now require credit card statements to be more often audited by workers in both the companies administration and finance departments, rather than just by the acquiring department.Cabrets arrest came less than a month after Sen. Almando Liburd asked the VI Inspector General to examine the process by which credit cards are made use of and released by the government of the

Virgin Islands and its instrumentalities.How lots of cards are government-issued, and who are the cardholders? Liburd asked in his letter to the Workplace of the Inspector General. What kind of internal controls are now in location? Exactly what is the main use/necessity for these cards? What kinds of charges are considered appropriate? Exists a system in location for compensating the government in the occasionon the occasion that non-permissable charges are made?Liburd likewise asked Sen. Clifford Graham, in a letter dated Oct. 19, for the Post Audit Division to start evaluating the usagemaking use of credit cards by all government companies and instrumentalities. I do not recall any accounts of charge card use being released in currentover the last few years, so it would befit us as a body to obtain an idea of exactly what has actually been invested, Liburd wrote.Graham, the chairman of the Senate Financing Committee, reacted on Nov. 9 that it is much better if the Office of Management and Budget plan is asked to perform a testimonial of federal government issued-credit cards. He sent out a letter that same day to OMB Director Nellon Bowry asking him to provide a list of the variety of credit cards provided by each company and the name of the people holding the credit cards. Graham likewise asked that OMB discuss whether it is possible to enforce internal controls on the usage of federal government credit cards, whether there is a written policy on the useusing credit cards and whether there is a system in place to compensate the

government for non-permissible charges.Graham asked that Bowry react by Dec. 6. Attempts to reach Bowry for comment Friday were not successful.Liburds concentrate on credit cards came after a series of Daily News short articles in-depth how Gov. Kenneth Mapp used his office charge card for the purchase of beer, wine, groceries and more than$

5,000 worth of sheets and towels at Macys in Miami

, amongst other things. A testimonial of Government House travel records also revealed that Mapp and staff members in the executive branch utilized their government-issued charge card to spend for space service and costly dishes. Some workers charged dishes to their card when they also were gathering a daily payment intended to cover the expense of food.Recent reports highlight the most likely requirement for standard operating treatments and policies for their use, Liburd wrote in his letter to Inspector General Steven van Beverhoudt. As legislators, we are charged with holding the executive branch accountable. Regrettably, in this case, we do not have a clear concept of exactly what we are representing, in terms of credit card use.

Cabret was accuseded of embezzlement of public accounts; acquiring cash by incorrect pretense; unauthorized usage of a federal government charge card; and violating the Criminally Influenced and Corrupt Organizations Act. She made her very first appearance Friday early morning in St. Croix Magistrates Court.-Contact Jonathan Austin at 714-9104 or email jaustin@dailynews.vi.

Credit Cards For Charity? There Are Much Better Methods To Contribute

Offering money to charity can be a fantastic concept and might be top of mind as the holidays near, but contributing with a charity credit card? No a lot, specialists state.

Its not that so-called affinity credit cards are wickedprofane. Charging purchases on a card with a threatened tiger or a pink bust cancer bow on the front might make you feel excellent, but simply recognize you could do far much better for yourself and your favorite charity.

NEW: New Liability Rules For Credit Cards, Innovation Take ResultWork

CHEYENNE (WTE) – Over the last numerous months, monetary organizationsbanks have issued countless brand-new charge card to clients, each geared up with a brand-new computer system chip technology.And as of Oct. 1, the guidelines regulating those cards, and who answers for cases of credit card scams, have changed.In the past, making use of older magnetic strip credit cards, the bank issuing the card was responsible whenever somebody copied the card and made deceitful purchases with it. Now, with the new computer chip innovation, that liability falls to individual merchants.For that factor, merchants big and small requirementhave to begin purchasing and setting up brand-new card readers with the ability of running the computer chip charge card. However while large retailers are primarily up to speed, smaller sized companies have been slow to capture up.Read more about the new credit card technology and what it means for customers and merchants in Mondays Wyoming Tribune Eagle.

Released on: Sunday, Oct 04, 2015 -03:46:09 pm MDT

Suspected Serial Burglar Who Took Weapons, Electronic Devices, Credit Cards Jailed …

A presumed serial intruder with a stash of stolen items that consisted of weapons, electronic devices and credit cards was apprehended Saturday in Linn County, according to the constables workplace.

Jerry Lee Goodwin, 38, of Lebanon, faces charges in connection with 9 thefts over the past month and is an individual of interest in numerous more, authorities stated in a news release Sunday. So far, more than $5,000 worth of taken items has been determined.

Princeton Authorities Searching For Female Who Utilized Stolen Charge Card

The woman took a wallet including money and credit cards from Panera Bread at 136 Nassau Street around 2 pm on Aug. 14. She made use of the charge card at Target and Kohls in West Windsor, police stated.

The female is described as white or Hispanic, 20- to Three Decade old, with a heavy develop and long brown hair. She was last seen wearing a white shirt and dark pants, cops said.

Anyone with details is asked tocontact Detective Adam Basatemur at -LRB-609-RRB- 921-2100 ext. 2170.

Keith Brown might be reached atkbrown@njadvancemedia.com. Follow him on Twitter@KBrownTrenton. FindThe Times of Trenton on Facebook.

Cops: Men Make Use Of Taken Credit Cards To Buy Thousands Of Dollars In Present Cards

CLAY, NY– Authorities are looking for the publics help identifying 2 guys they state made use of stolen credit cards to buy countless dollars worth of gift cards from several shops in northern Onondaga County.

The New York State Cops said the 2 grand larceny suspects made use of the stolen charge card to steal thousands of dollars in gift cards from many shops in the towns of Clay and Cicero, including Burlington Coat Factory, Marshalls, Wal-Mart and Kmart.

State authorities released pictures of the suspects from Sept. 24. THe men are seen attemptingattempting to use a credit card at a business on Path 57 in Clay, state police said.

Anybody who recognizes the grand larceny suspects is asked to contact the New York State Police at 315-455-2826.

VIDEO: Credit Cards Strategies: The Best Ways To Beat The Banks

Michelle Pogyo differs her peers.The 19-year-old Hopewell Junction homeowner got her first credit card when she was 18. I was thinking about getting a car, Pogyo stated. We figured (the credit card)might also help my develop credit( history). Jenna Nielson, a 21-year-old Dutchess Community University student from Brewster, carries a small number of charge card in her wallet.I am the only one of my pals to get one, she said.Indeed, a lot of millennials– the market

term utilized to describe individuals born in between the early 1980s and the late 1990s– do not have credit cards.A 2014 study published by Bankrate.com and conducted by Princeton Survey Research Associates International discovered nearly two-thirds of people in the 18-to-29 age range do not possess one.Experts say that young individualsyouths avoid credit cards for a number of factors, ranging from the psychological weight of school loans to a lower emphasis on acquisitions, such as a home, that require a substantial credit history.

Chip-driven Charge Card Bring Brand-new Tech, Brand-new Questions

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  • Historically, banks that provide credit cards have actually usually been on the hook for payment card fraud, not consumers or merchants. Nothing is changing for customers. ButNow merchants are at threat of getting stiffed if they do not make use of chip card readers, which can block a sale to a fraudster.

    Companies depending on swipe-only card readers might not be paid for goods or services purchased with counterfeit cards, which crooks can produce with relative ease.

    That prospect was just a little too scary for Heppners Auto Body, which started converting a year ago to chip readers at its 6 stores.