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.

FinTechs Seek Fraud Guarantees on Incoming Deposits to Attract, Retain Customers

FinTechs Seek Fraud Guarantees on Incoming Deposits to Attract, Retain Customers
FinTechs Seek Fraud Guarantees on Incoming Deposits to Attract, Retain Customers
July 20, 2022  |  Cybersecurity

For banks and for the FinTechs, the first moments of engagement are among the most critical. Get the Full Story Complete the form to unlock...

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Visa Changes Chargeback Dispute Program
Visa Changes Chargeback Dispute Program
July 20, 2022  |  VISA

Visa is changing how it deals with first-party fraud, or intentional cardholder misuse, the company announced in a blog post Tuesday. Get the Full Story...

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Competitors Become Collaborators in Fight Against Financial Crime
Competitors Become Collaborators in Fight Against Financial Crime
July 20, 2022  |  Cybersecurity

In financial services, the greater the surface area, the greater the chance the fraudsters will strike — and be successful. Get the Full Story Complete...

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Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
July 19, 2022  |  Cybersecurity

Call it a reset on how the Consumer Financial Protection Bureau (CFPB) views authorized P2P fraud — and by extension, just who’s on the hook...

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Amazon Files Lawsuit Against 10K Facebook Groups Over Fake Reviews
Amazon Files Lawsuit Against 10K Facebook Groups Over Fake Reviews
July 19, 2022  |  Amazon

Amazon filed a lawsuit against more than 10,000 Facebook group administrators for allegedly brokering fake reviews, including one called “Amazon Product Review,” which had more...

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CFPB Wants Banks to Pay Back Victims Scammed Using Zelle, Other P2P Services
CFPB Wants Banks to Pay Back Victims Scammed Using Zelle, Other P2P Services
July 19, 2022  |  CFPB

Victims of scams involving Zelle and other peer-to-peer (P2P) money transfer services could be getting new assistance from the Consumer Financial Protection Bureau (CFPB) by...

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Shift in Spending Doesn’t Mean Shift in Fraud
Shift in Spending Doesn’t Mean Shift in Fraud
July 19, 2022  |  Opinion

As consumers dine out and go to events less, Jared Kernodle, chief revenue officer at Kount, an Equifax company, predicts in the PYMNTS eBook “Baseline 2022:...

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FBI Warns Fake Crypto Apps Robbed Investors of Millions
FBI Warns Fake Crypto Apps Robbed Investors of Millions
July 19, 2022  |  Cybersecurity

The FBI is warning investors and financial institutions (FIs) that fraudulent cryptocurrency apps tricked 244 victims out of $42.7 million between October 2021 and May...

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