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.

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

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  |  Legal & 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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Mining Capital Coin CEO Indicted in $62M Crypto Fraud Scheme
Mining Capital Coin CEO Indicted in $62M Crypto Fraud Scheme
May 06, 2022  |  Cybersecurity

Mining Capital Coin CEO and founder Luiz Capuci Jr. was indicted for allegedly masterminding a $62 million global investment fraud scheme through his purported cryptocurrency...

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Jane on Protecting Retail Customer Data With Digital Identity Verification
Jane on Protecting Retail Customer Data With Digital Identity Verification
May 06, 2022  |  eCommerce

It's a war out there for eCommerce marketplaces right now, as they face a swirl of fraud attempts and bot attacks looking to steal customer...

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