By Brett Dworski
Source: C-Store Dive
Payment skimming continues to persist across the U.S., and is believed to cost more than $1 billion each year, according to the FBI.
For convenience stores, skimming — which occurs when devices illegally installed on ATMs, point-of-sale (POS) terminals or fuel pumps record data or cardholders’ information — doesn’t seem to be fading anytime soon. As of 2020, 15% of U.S. consumers said they’ve experienced skimming at fuel pumps, while 43% said they’ve changed how they pay for gas because of skimming concerns, according to online marketplace Lendingtree. Just this summer, 7-Eleven and Casey’s General Stores — two of the three largest c-store chains in the country — have dealt with credit card fraud and skimmers at various locations.