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.

California Freezes Unemployment Debit Cards Over Purported Fraud 
California Freezes Unemployment Debit Cards Over Purported Fraud 
October 26, 2020  |  Fraud Attack

California officials have frozen about 350,000 unemployment debit cards over purported fraud, according to an AP report on Monday (Oct. 26). Get the Full Story...

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B2B Scammers Wield The Power Of The Invoice
B2B Scammers Wield The Power Of The Invoice
October 26, 2020  |  B2B Payments

When invoices are generated manually, there are plenty of opportunities for billing to go awry. This week’s look at the latest in B2B payments fraud...

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Bitcoin Daily: China Shuts Down Gambling Sites Using Tether; Japan’s Soccer Star Debuts Own Crypto
Bitcoin Daily: China Shuts Down Gambling Sites Using Tether; Japan’s Soccer Star Debuts Own Crypto
October 25, 2020  |  Bitcoin

On P2P marketplace Paxful, traders are selling up to $16.2 million in discounted bitcoin in exchange for gift cards — an amount that a report...

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Perceptions Of Credit Card Frictions Critical For Merchants
Perceptions Of Credit Card Frictions Critical For Merchants
October 23, 2020  |  Fraud Prevention

Card declines, disputes and chargebacks are sprouting like weeds in a commerce environment dominated by card-not-present (CNP) transactions that are more prone to fraud. Each...

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Mitek Upgrades Digital ID Verification With NFC Technology
Mitek Upgrades Digital ID Verification With NFC Technology
October 22, 2020  |  Authentication

A major provider of financial technology to banks, Mitek Systems said its digital identity verification software will now incorporate near-field communication (NFC) technology as well....

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Amazon Teams With Family-Owned Business In Counterfeiting Lawsuit
Amazon Teams With Family-Owned Business In Counterfeiting Lawsuit
October 22, 2020  |  Legal

Seattle-based Amazon has hooked up with a small business to sue 11 individuals, alleging that they counterfeited J.L. Childress’ products — including travel bags for...

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Feedzai: ‘May You Live In Interesting Times’
Feedzai: ‘May You Live In Interesting Times’
October 22, 2020  |  Security & Fraud

Feedzai‘s Senior Vice President of Product Pedro Barata describes the pandemic era as “the perfect storm for payments fraud.” He describes to PYMNTS how Feedzai...

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Merchants, Online Fraud And The 3DS 2.0 Reset
Merchants, Online Fraud And The 3DS 2.0 Reset
October 22, 2020  |  Security & Fraud

As has historically been the case with commerce security upgrades that roll in by government mandate, the path to European Union adoption of 3D Secure...

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Fraud Fighters Focusing On Better P2P Security
Fraud Fighters Focusing On Better P2P Security
October 21, 2020  |  Fraud Prevention

There’s no soft version, no smoothing it over. Companies charged with protecting people’s data lost ground in 2020, after an abysmal 2019 of breathtaking data...

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