QR code payment fraud in China’s radar with new caps

china QR code payment fraud globe

As popular as the mobile transactions may be, the country’s central bank is issuing new security regulations. China’s central bank is rolling out new regulations to help prevent QR code payment fraud. Quick response codes have become exceptionally popular in the country but have exposed consumers to fraudulent activities from criminals. Some of the most popular mobile payments apps in China currently use the barcodes to complete transactions. Both WeChat and Alibaba’s AliPay – two of the largest mobile payments apps in the country – use QR code payment technology…

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QR code scammers captured by police, ending retail fraud scheme

QR code scammers

Law enforcement was finally able to catch up with two men who were conning a number of retailers with quick response codes. Police finally managed to capture two sneaky QR code scammers who had managed to con a number of retailers using fake quick response codes. The two men were able to scam over 20 different retail stores before being tracked down by law enforcement. The QR code scammers took their fake quick response codes to the series of different retailers and managed to scam them out of hundreds of…

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QR code con culprits identified in China

bicycle bike qr code con

Two men are accused of being behind the fake bike rental quick response codes. A massive QR code con is underway in China, scamming bicycle renters out of their money. As was recently reported by QR Code Press, the quick response codes played a central role in causing consumers to pay into the wrong bank account as they attempted to rent a bike. Two men have now been arrested after being accused of pasting fake QR codes on top of the real ones. The two men are accused of having…

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Mobike QR codes should be checked for fake replacements

Mobike qr codes bicycle

Scammers in China are placing their quick response codes on top of the popular bike rental barcodes. Mobike QR codes are now among the growing number of quick response codes that should be checked for imposters before being scanned. Scammers have been reportedly replacing the genuine bike rental barcodes with their own scannable code stickers. When unsuspecting bike renters scan the QR codes, they end up paying into the scammer’s account. Certain Mobike QR codes have been carefully replaced with a sticker over top of the legitimate barcode. When a…

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QR codes are becoming central to the battle against fraud

qr codes business card

There are a range of counterfeit educational certificates circulating in India and quick response codes could combat this trend. Aside from the primary use for QR codes, which is in mobile marketing, these two dimensional barcodes have also found their way into a range of different verification processes that have given consumers and businesses, alike, the opportunity to use their smartphones and tablets to ensure that a product or document is the genuine article. As counterfeit products and documentation become more sophisticated, a simple verification solution is needed. Among the…

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