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.

SEC Charges Payday Lender Sky Group With $66M Fraud
SEC Charges Payday Lender Sky Group With $66M Fraud
September 27, 2021  |  Security & Fraud

The Securities and Exchange Commission (SEC) has accused a Miami-based payday loan company and its CEO of defrauding its investors. Get the Full Story Complete...

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Report: Data Security Concerns Keep Nearly Half of US Consumers From Switching to Digital Only Banks
Report: Data Security Concerns Keep Nearly Half of US Consumers From Switching to Digital Only...
September 27, 2021  |  Digital Banking

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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Merchants Must Mind Fraud and Honor Consumer Needs Amid Rising RTP
Merchants Must Mind Fraud and Honor Consumer Needs Amid Rising RTP
September 24, 2021  |  Payment Methods

Merchant payments are racing toward a digital paradise. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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CFPB Data Shows Lower-Income Areas More Likely to File Complaints on Credit Reporting, ID Theft
CFPB Data Shows Lower-Income Areas More Likely to File Complaints on Credit Reporting, ID Theft
September 23, 2021  |  CFPB

Lower-income, mostly Black and Hispanic, communities were more likely to submit complaints to the Consumer Financial Protection Bureau (CFPB) about credit reporting, identity theft and...

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Airbnb’s Data Sharing, Rental ‘Blacklist’ Signal Drive to Secure Platforms 
Airbnb’s Data Sharing, Rental ‘Blacklist’ Signal Drive to Secure Platforms 
September 23, 2021  |  Fraud Prevention

The connected economy leads to the (data) sharing economy — which leads to a safer economy, for consumers and especially for platforms. Get the Full...

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UK Bank Lobby Group: Fraud Threatens National Security  
UK Bank Lobby Group: Fraud Threatens National Security  
September 22, 2021  |  Fraud Attack

Increasing incidents of fraud against online shoppers and digital banking newcomers across Britain since the start of the COVID-19 pandemic is “a national security threat”...

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In First-Ever Case, SEC Charges Crowdfunding Site With Allegedly Selling Unregistered Securities
In First-Ever Case, SEC Charges Crowdfunding Site With Allegedly Selling Unregistered Securities
September 21, 2021  |  Legal

The Securities and Exchange Commission (SEC) has charged three people along with an issuer with conducting a fraud scheme to sell almost $2 million in...

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Bitcoin Daily: El Salvador Buys Bitcoin as Price Drops; DeFi Platform pNetwork Offers $1.5M Bounty for Return of $12M in Bitcoin
Bitcoin Daily: El Salvador Buys Bitcoin as Price Drops; DeFi Platform pNetwork Offers $1.5M Bounty...
September 20, 2021  |  Bitcoin

El Salvador President Nayib Bukele said on Twitter Monday (Sept. 20) that the country has bought the bitcoin price dip to exchange dollars for bitcoin,...

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Synctera Launches Card Issuing, Fraud Protection Services
Synctera Launches Card Issuing, Fraud Protection Services
September 20, 2021  |  Security & Fraud

Synctera, which works with partnership banking, has rolled out new programs for card issuing and fraud protection, according to Finextra. The programs are called Synctera...

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