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.

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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UK to Close Online Advertising Consultation Eyeing Stricter Rules, Regulator
UK to Close Online Advertising Consultation Eyeing Stricter Rules, Regulator
May 31, 2022  |  Regulation

Google, Meta, TikTok and other companies in the online advertising industry may face a new regulatory landscape in the United Kingdom as a result of...

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PYMNTS AM Radar: Indigestion; Connected Demand; Weaponized Fraud; Super Apps to the Rescue; ICYMI
PYMNTS AM Radar: Indigestion; Connected Demand; Weaponized Fraud; Super Apps to the Rescue; ICYMI
May 31, 2022  |  Delivery

It’s Tuesday, May 31 and President Joe Biden is meeting with Federal Reserve Chair Jerome Powell today to discuss inflation and the state of the...

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Authorized Push Payment Fraud Challenges CFPB’s Open Banking Stance
Authorized Push Payment Fraud Challenges CFPB’s Open Banking Stance
May 30, 2022  |  Regulation

Despite the absence of specific legislation mandating the use of open banking in the U.S., this practice is growing across the country. Open banking —...

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