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.

Report Alleges Wirecard Forged Client Data to Obtain €900M SoftBank Investment

Report Alleges Wirecard Forged Client Data to Obtain €900M SoftBank Investment
Report Alleges Wirecard Forged Client Data to Obtain €900M SoftBank Investment
July 10, 2022  |  Security & Fraud

Once-mighty payments giant Wirecard reportedly faked client data and was lying about internal records in order to get a SoftBank investment for €900 million ($913...

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Today in B2B: Golf Genius, RepSpark Integrate eCommerce Platform
Today in B2B: Golf Genius, RepSpark Integrate eCommerce Platform
July 08, 2022  |  B2B Payments

Today in B2B payments, Zwilling offers supply chain financing through partnership with Traxpay, and PYMNTS offers five key questions to help you asses your risk...

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5 Ways to Assess How Vulnerable You Are to B2B Payments Fraud
5 Ways to Assess How Vulnerable You Are to B2B Payments Fraud
July 08, 2022  |  B2B Payments

Organizations face numerous threats concerning B2B payments processing as bad actors look for ways to alter banking information and redirect B2B payments into the wrong...

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Weekly TechREG US: Federal Agencies Respond to Biden’s Crypto Executive Order; Bank Regulators Urged Banks to Conduct Customer Due Diligence, Avoid De-risking Practices 
Weekly TechREG US: Federal Agencies Respond to Biden’s Crypto Executive Order; Bank Regulators Urged Banks...
July 08, 2022  |  Regulation

This week, the U.S. Treasury proposed to the White House a plan to strengthen international cooperation on crypto regulation to make sure that the country...

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PYMNTS AM Radar: Age of Change; Smart Convenience; Digital Transformation Momentum; Fighting Professional Fraudsters; ICYMI
PYMNTS AM Radar: Age of Change; Smart Convenience; Digital Transformation Momentum; Fighting Professional Fraudsters; ICYMI
July 08, 2022  |  News

Today is Friday, July 8 and in one of the world’s safest countries, a former prime minister was shot dead while giving a speech. Shinzo...

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Cybersecurity Firms Challenge ‘Professional Fraudsters’ With Customer-Friendly Protections
Cybersecurity Firms Challenge ‘Professional Fraudsters’ With Customer-Friendly Protections
July 08, 2022  |  Security & Fraud

Is “fraudster” a title or job description of some kind? Perhaps it should be, because when shopping or sending money online, you’re never totally sure...

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AML Software Firm Lucinity Raises $17M
AML Software Firm Lucinity Raises $17M
July 07, 2022  |  Investments

Anti-money laundering (AML) software maker Lucinity has raised $17 million in a Series B round, the Icelandic company announced Thursday (July 7). Get the Full...

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Today in TechREG: Boris Johnson Resignation May Delay Crypto, BNPL Legislation; US Banks Urged to Take More Measured Approach to Customer Due Diligence 
Today in TechREG: Boris Johnson Resignation May Delay Crypto, BNPL Legislation; US Banks Urged to...
July 07, 2022  |  Regulation

Today the U.K. Prime Minister announced his resignation, and this decision may delay the adoption of new regulation on crypto assets and Buy Now Pay...

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Money Mobility Tracker: Adopting Security, AML, Anti-Fraud Measures
Money Mobility Tracker: Adopting Security, AML, Anti-Fraud Measures
July 07, 2022  |  Security & Fraud

Figuring out the best way to maximize money mobility is the goal in today’s digital-first economy, but digital banking’s vulnerability to bad actors has made...

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