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.

Wells Fargo Facing Class-Action Lawsuit Over Alleged Zelle Scams
Wells Fargo Facing Class-Action Lawsuit Over Alleged Zelle Scams
June 03, 2022  |  Security & Fraud

Wells Fargo and money transfer service Zelle are facing a class-action lawsuit on allegations of violating the Electronic Fund Transfer Act and California’s Unfair Competition...

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Incognia Grabs $15.5M to Increase Its ID Fraud-Fighting Efforts
Incognia Grabs $15.5M to Increase Its ID Fraud-Fighting Efforts
June 02, 2022  |  Investments

Mobile identity platform Incognia on Thursday (June 2) finalized a $15.5 million Series A fundraising round that it plans to use for continued growth of...

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Today in Retail: GameStop Increases Its Digital Focus; Fighting Back Against the Rise of Friendly Fraud
Today in Retail: GameStop Increases Its Digital Focus; Fighting Back Against the Rise of Friendly...
June 02, 2022  |  Retail

Today in retail, Walmart’s eCommerce head refers to its 4,700 stores as “shoppable fulfillment centers.” Plus, online sneaker startup KicksCrew is expanding its reach, Walmart...

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PYMNTS AM Radar: Digital Brazil; Security for the Win; Check Fraud; You’ve Been Scammed; ICYMI
PYMNTS AM Radar: Digital Brazil; Security for the Win; Check Fraud; You’ve Been Scammed; ICYMI
June 02, 2022  |  Security & Fraud

Today is Thursday, June 2, and Britain is celebrating its longest-reigning monarch, Queen Elizabeth II, in her Platinum Jubilee year. For regular people, that means...

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New Tech Helps Merchants, Banks Beat Back Rising Tide of Friendly Fraud
New Tech Helps Merchants, Banks Beat Back Rising Tide of Friendly Fraud
June 02, 2022  |  Fraud Prevention

Sometimes the biggest threats come from the foes who pose as friends, spinning tales that seem legitimate and often urgent. And then comes the realization: Get...

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The No. 1 Reason Consumers Lose Trust in Online Merchants: Stolen Personal Data
The No. 1 Reason Consumers Lose Trust in Online Merchants: Stolen Personal Data
June 01, 2022  |  eCommerce

How much consumers trust the grocers and retail merchants with which they shop online correlates with how long they have used those merchants’ services, according...

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FTC: Financial Education Services Ran $213M Pyramid Scheme
FTC: Financial Education Services Ran $213M Pyramid Scheme
June 01, 2022  |  Security & Fraud

The Federal Trade Commission (FTC) has acted against credit repair company Financial Education Services, accusing it of running a $213 million pyramid scheme, according to...

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PYMNTS AM Radar: Crypto Counter-Lobby; Big Paycheck Reality Check; Crypto Money Laundering; ICYMI
PYMNTS AM Radar: Crypto Counter-Lobby; Big Paycheck Reality Check; Crypto Money Laundering; ICYMI
June 01, 2022  |  Economy

It’s Wednesday, June 1 and it’s a special day in the NFL due to a recent rule change that allows two players in the off-season...

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Banks’ Battle vs the Fraudsters May Be Won in the Cloud
Banks’ Battle vs the Fraudsters May Be Won in the Cloud
June 01, 2022  |  Fraud Prevention

David Excell, founder of Featurespace, tells Karen Webster how cloud-based and other advanced tech are finding scammers while also surfacing better insights so that legitimate...

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