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: Disputes and Fraud; FinTech Fairness; Delivering Cravings; Invisible Payments; ICYMI
PYMNTS AM Radar: Disputes and Fraud; FinTech Fairness; Delivering Cravings; Invisible Payments; ICYMI
May 16, 2022  |  Payment Methods

Today is Monday, May 16, and nuns are Tik-Toking about #ConventLife, while North Korean leader Kim Jong Un is launching a military response to the...

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Treasury Dept. Outlines Strategy to Fight Terrorist Funding, Illicit Finance
Treasury Dept. Outlines Strategy to Fight Terrorist Funding, Illicit Finance
May 13, 2022  |  Security & Fraud

The U.S. Department of the Treasury issued its strategy for fighting illicit financing Friday (May 13), highlighting measures designed to make the financial system more...

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Twitter’s Buyout Pause Shows Platforms Need Robust Verification Tools in Battle vs Bots
Twitter’s Buyout Pause Shows Platforms Need Robust Verification Tools in Battle vs Bots
May 13, 2022  |  Fraud Prevention

For the Twitter bid a la Elon Musk, the lesson is: Easy come, easy go. Get the Full Story Complete the form to unlock this article...

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Texas Man Gets 5 Years in Prison for Role in PayPal Fraud Scheme
Texas Man Gets 5 Years in Prison for Role in PayPal Fraud Scheme
May 11, 2022  |  Legal

The Department of Justice has reported that 37-year-old Marcos Ponce of Austin, Texas, was sentenced to five years in prison for a scheme to buy...

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CFPB Orders $8M Paid to Consumers in Student Loan Scam
CFPB Orders $8M Paid to Consumers in Student Loan Scam
May 11, 2022  |  CFPB

The Consumer Finance Protection Bureau (CFPB) has finalized an enforcement action against RAM Payment and Account Management Systems, two payment processors working with debt relief,...

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Nordic AP Automation Platform Palette Software Rebrands as Rillion for US Debut
Nordic AP Automation Platform Palette Software Rebrands as Rillion for US Debut
May 11, 2022  |  B2B Payments

Global Software-as-a-Service (SaaS) solutions provider Rillion has rebranded from its original name, Palette Software, amid its United States debut, according to a press release. Get...

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UK Bill to Give Regulator Power to Require Scam Reimbursement
UK Bill to Give Regulator Power to Require Scam Reimbursement
May 10, 2022  |  Regulation

The U.K.’s Payment Systems Regulator (PSR) is gaining the ability to make banks provide compensation to victims of “push payment scams,” the Financial Times reported...

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CFPB Faces Fraud, Privacy Concerns in Open Banking Rules
CFPB Faces Fraud, Privacy Concerns in Open Banking Rules
May 10, 2022  |  CFPB

On April 26 and 27, during his testimonies at the Senate and the House, Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB) offered...

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Entersekt, Capitec Team to Improve eCommerce Security
Entersekt, Capitec Team to Improve eCommerce Security
May 10, 2022  |  Partnerships

Device identity and authentication solutions provider Entersekt is working with South Africa’s Capitec Bank to improve the security of eCommerce payments, according to a Tuesday...

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