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gossip PYMNTS.com September 20, 2026

Scammers Turn to Outdated Payment Tech to Steal Benefits

Scammers Turn to Outdated Payment Tech to Steal Benefits
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Decades-old payment technology is reportedly helping scammers steal hundreds of millions of dollars from the welfare system. It’s part of an operation led by Romanian organized crime groups in the U.S., who rely on magnetic stripe-based payment systems to carry out their thefts, The Wall Street Journal (WSJ) reported Sunday (Sept. According to the report, investigators say these gangs rely on “builders” who construct skimming devices easily missed by merchants, stealing benefits from custom

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