fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

Walmart Says FTC Lawsuit Over Money Transfers Is ‘Overreach’

Walmart Says FTC Lawsuit Over Money Transfers Is ‘Overreach’
Walmart Says FTC Lawsuit Over Money Transfers Is ‘Overreach’
August 29, 2022  |  Legal

Walmart on Monday (Aug. 29) asked a federal court to dismiss a Federal Trade Commission lawsuit against the retailer, calling the case “an egregious instance...

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FTC Warns Public About Student Loan Forgiveness, Payment Pause Scams
FTC Warns Public About Student Loan Forgiveness, Payment Pause Scams
August 26, 2022  |  Security & Fraud

The federal government’s plan to forgive some student loans isn’t up and running yet, but it’s certainly been getting a lot of coverage in the...

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Cash App, Block Accused of Negligence in Class Action Over Breach
Cash App, Block Accused of Negligence in Class Action Over Breach
August 25, 2022  |  Legal

A class action was filed against mobile payments company Cash App Investing and its parent Block over “negligent” behavior related to the December 2021 data breach...

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Fraud Orchestration Offers Merchants Extra Lines of Defense During Peak Sales Seasons
Fraud Orchestration Offers Merchants Extra Lines of Defense During Peak Sales Seasons
August 25, 2022  |  Security & Fraud

Amanda Mickleburgh, product director for fraud at ACI Worldwide, tells PYMNTS that fraud orchestration can be a key line of defense as merchants (and fraudsters)...

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How Crypto Shields Merchants Against Chargeback Fraud
How Crypto Shields Merchants Against Chargeback Fraud
August 23, 2022  |  Cryptocurrency

One way to get a merchant’s ears to perk up when the idea of accepting crypto payments comes up is to mention one big benefit:...

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PYMNTS Intelligence: Deploying Behavioral Analytics to Smooth Friction Points in the Customer Journey
PYMNTS Intelligence: Deploying Behavioral Analytics to Smooth Friction Points in the Customer Journey
August 22, 2022  |  Authentication

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Cross River Bank’s PPP Lending Practices Raise Questions
Cross River Bank’s PPP Lending Practices Raise Questions
August 21, 2022  |  Loans

While Cross River Bank had been doing massive amounts of work helping small businesses get Paycheck Protection Program (PPP) loans at the beginning of the...

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Academic Study Finds Signs of Insider Trading at Crypto Exchange Coinbase Global
Academic Study Finds Signs of Insider Trading at Crypto Exchange Coinbase Global
August 17, 2022  |  Security & Fraud

A new study by three academics has found that insider trading at cryptocurrency exchange Coinbase Global may be more widespread than a case being pursued...

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COVID Fraud Could Hit $163B, Experts Say
COVID Fraud Could Hit $163B, Experts Say
August 17, 2022  |  Security & Fraud

While 1,500 people have been charged with pandemic fraud and 450 have been convicted, investigators are still chasing down abundant leads in what could top...

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