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.

Anti-Fraud and Anti-Money Laundering: Two Sides of the Same Coin
Anti-Fraud and Anti-Money Laundering: Two Sides of the Same Coin
July 06, 2022  |  AML

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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Law Firm Probes Zelle’s Unauthorized Fraud Reimbursement Position
Law Firm Probes Zelle’s Unauthorized Fraud Reimbursement Position
July 06, 2022  |  Security & Fraud

A San Francisco law firm says it is investigating the fraud reimbursement practices of a number of major American banks that use the Zelle peer-to-peer...

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Today in B2B: Invoicing, Supplier Portals Lead to Smoother Payments; Digital Processes Reduce Fraud
Today in B2B: Invoicing, Supplier Portals Lead to Smoother Payments; Digital Processes Reduce Fraud
July 05, 2022  |  B2B Payments

Today in B2B payments, cross-border payments streamline eCommerce opportunities in China, while qiibee expands its blockchain-based B2B rewards marketplace. Plus, Tesorio raises $17 million amid...

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UK Banks Held to Higher Standards as APP Fraud Skyrockets
UK Banks Held to Higher Standards as APP Fraud Skyrockets
July 05, 2022  |  Security & Fraud

Authorized push payments (APP) fraud in the U.K. amounted to £583 million ($706 million) last year as financial fraud in the country increased 39% from...

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Ukraine Cyber Police Thwart $3M Phishing Campaign
Ukraine Cyber Police Thwart $3M Phishing Campaign
July 05, 2022  |  Cybersecurity

Nine people were arrested following the interception of a European Union payments phishing campaign that allegedly defrauded over 5,000 citizens of Ukraine of more than...

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Half of Companies Say Digital Processes Reduce Fraud
Half of Companies Say Digital Processes Reduce Fraud
July 05, 2022  |  CFO

A majority of companies across all size ranges report that they have benefited from digitizing payments processes.  Get the Full Story Complete the form to...

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PYMNTS Am Radar: Livestreaming Upset; Unexpected Pinches; Weakest Link; Healthcare Foundation; ICYMI
PYMNTS Am Radar: Livestreaming Upset; Unexpected Pinches; Weakest Link; Healthcare Foundation; ICYMI
July 05, 2022  |  Consumer Finance

Today is Tuesday, July 5 and on this day in 1946 — the first war-free summer since World War II ended in September 1945 —...

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PayPal’s Fraud Chief Says ‘Story-Based’ Analytics Can Fix eCommerce’s Weakest Link
PayPal’s Fraud Chief Says ‘Story-Based’ Analytics Can Fix eCommerce’s Weakest Link
July 05, 2022  |  eCommerce

The chain of command in eCommerce is made up of links. And those links go something like this:  Get the Full Story Complete the form...

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Wirecard’s Stephan von Erffa Reportedly Admits Forging Documents for Audit
Wirecard’s Stephan von Erffa Reportedly Admits Forging Documents for Audit
July 04, 2022  |  Security & Fraud

Stephan von Erffa, Wirecard’s former head of accounting, has reportedly admitted to forging documents in the case that has been going on for several years...

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