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.

New SBA Data Shows PPP Loans With Missing Details
New SBA Data Shows PPP Loans With Missing Details
December 02, 2020  |  SMBs

New Paycheck Protection Program (PPP) data from the Small Business Administration (SBA) indicates that aid moved to small businesses as well as bigger companies. The...

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Virtual Debit Cards Secure Transactions And Ease Minds
Virtual Debit Cards Secure Transactions And Ease Minds
December 02, 2020  |  Security & Fraud

As entire industry sectors wage fierce cyber-battle against internet crooks, consumers continue to be victimized by these criminals, and it’s making them extremely nervous about...

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Bitcoin Daily: Bitcoin Crests $19,800; Russian Bank To Launch Sbercoin Crypto In 2021
Bitcoin Daily: Bitcoin Crests $19,800; Russian Bank To Launch Sbercoin Crypto In 2021
November 30, 2020  |  Bitcoin

Bitcoin saw a new all-time record high on Monday (Nov. 30), rising above $19,800 in the morning and resting at 19,633.264 at 7:32 p.m. Eastern...

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CSI, Featurespace Team Up To Fight Money Laundering
CSI, Featurespace Team Up To Fight Money Laundering
November 30, 2020  |  Security & Fraud

Computer Services, Inc. (CSI) is partnering with Featurespace to advance a new cybercrime solution to fight money laundering. Get the Full Story Complete the form...

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 Netspend On How Increased Security Demands Spur Virtual Card Adoption
 Netspend On How Increased Security Demands Spur Virtual Card Adoption
November 30, 2020  |  Next-Gen Debit

Consumers value security and touchless experiences when making debit payments — and virtual cards could give them both. In the Next-Gen Debit Tracker, Kelley Knutson,...

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Australia, New Zealand Take A Hard BEC Scam Hit
Australia, New Zealand Take A Hard BEC Scam Hit
November 30, 2020  |  B2B Payments

While the business email compromise (BEC) scam is a global pain point for businesses, this week’s B2B Data Digest looks at the latest figures in...

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New Data: Consumers Want Banks To Use Location Data To Keep Accounts, Transactions Fraud-Free
New Data: Consumers Want Banks To Use Location Data To Keep Accounts, Transactions Fraud-Free
November 30, 2020  |  Fraud Prevention

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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Why Refunds Are The New Chargeback
Why Refunds Are The New Chargeback
November 30, 2020  |  Fraud Prevention

It used to be an uncommon occurrence with a funny name, a misdemeanor of the digital-first era — but porch pirates aren’t so funny anymore....

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Hack Of C-Suite Email Addresses Portends Surge In BEC Fraud
Hack Of C-Suite Email Addresses Portends Surge In BEC Fraud
November 30, 2020  |  Security & Fraud

A hacker is reportedly selling information from hundreds of C-suite executives’ Microsoft-based email accounts, according to a report from Engadget. Get the Full Story Complete...

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