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.

Crypto Exchanges Renew Emphasis On Regulatory Compliance
Crypto Exchanges Renew Emphasis On Regulatory Compliance
March 19, 2021  |  Cryptocurrency

While cryptocurrency has found more mainstream acceptance among consumers, it also has the unfortunate tendency to draw money launderers. According to a PYMNTS AML/KYC Tracker,...

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Fed’s Powell Says X-Border Payments One Of ‘Less Efficient’ Areas Of Financial System
Fed’s Powell Says X-Border Payments One Of ‘Less Efficient’ Areas Of Financial System
March 18, 2021  |  Payment Methods

Cross-border payments represent a big opportunity for firms worldwide — more than $120 trillion in payments volume flows each year between business trading partners globally,...

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New Challenges Emerge From Payment Rail Innovation
New Challenges Emerge From Payment Rail Innovation
March 18, 2021  |  B2B Payments

While new payment rails are designed to tackle some of the biggest legacy pain points of the financial services industry, innovative infrastructure is also opening...

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FanDuel Sports Betting Platform Focuses On Faster Payouts, Fraud Prevention
FanDuel Sports Betting Platform Focuses On Faster Payouts, Fraud Prevention
March 17, 2021  |  Faster Payments

Sports might have been sidelined by COVID-19 in 2020, but online sports betting was not. In fact, Flutter, the parent company of FanDuel — one...

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Bitcoin Daily: Bids For Elon Musk’s NFT Tweet Top $1 Million; Crypto Inflows Hit $4.2 Billion In Q1 Of 2021
Bitcoin Daily: Bids For Elon Musk’s NFT Tweet Top $1 Million; Crypto Inflows Hit $4.2...
March 16, 2021  |  Bitcoin

Billionaire and Tesla CEO Elon Musk is making a tweet of his that involved non-fungible tokens (NFTs) into an NFT, CNBC reported. Get the Full...

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Digital ID Firm Socure Raises $100 Million To Advance Fraud Detection
Digital ID Firm Socure Raises $100 Million To Advance Fraud Detection
March 16, 2021  |  Investments

Digital identity startup Socure closed a $100 million Series D funding round led by Accel with backing from existing investors Commerce Ventures, Scale Venture Partners, Flint...

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Putting Speed Bumps In The Path Of Real-Time Payments Fraud
Putting Speed Bumps In The Path Of Real-Time Payments Fraud
March 16, 2021  |  Faster Payments

No one ever said that developing real-time payments would be easy. While more businesses are realizing the need for the velocity and data that comes...

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Payroll Diversion, Supply Chain Crime Raise B2B Payment Fraud Alerts
Payroll Diversion, Supply Chain Crime Raise B2B Payment Fraud Alerts
March 15, 2021  |  B2B Payments

Criminals are creative, and when it comes to corporate payments, there are a plethora of ways scammers can infiltrate a transaction workflow to steal not...

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Treasury Veteran Ed Wilson Sees Both Sides Of The Digital Coin
Treasury Veteran Ed Wilson Sees Both Sides Of The Digital Coin
March 15, 2021  |  Cryptocurrency

Last month, U.S. Treasury Secretary Janet Yellen said central banks should explore creating and issuing sovereign digital currencies. The hypothesis is that such currencies —...

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