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.

Law Firm Probes Zelle’s Unauthorized Fraud Reimbursement Position

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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Weekly TechREG EMEA: EU Agrees on Crypto Regulation With Strict Controls on Stablecoins; EU Banking Regulator Proposes Standard APIs To Boost Open Banking 
Weekly TechREG EMEA: EU Agrees on Crypto Regulation With Strict Controls on Stablecoins; EU Banking...
July 01, 2022  |  Regulation

This week the most notorious development in the TechREG space is the agreement reached by EU institutions on the scope of the regulation that will...

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