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.

Report: Automation And Tight KYC Process Improve SMBs’ Loan Access

Report: Automation And Tight KYC Process Improve SMBs’ Loan Access
Report: Automation And Tight KYC Process Improve SMBs’ Loan Access
March 24, 2021  |  Banking

Financial institutions (FIs) are turning their focus to the post-pandemic world and contemplating the measures that will need to be taken in a radically changed...

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Bitcoin Daily: Abra Users Can Now Take Out Loans On Crypto Collateral; OKEx To Exit South Korea Over New AML Rules
Bitcoin Daily: Abra Users Can Now Take Out Loans On Crypto Collateral; OKEx To Exit...
March 23, 2021  |  Bitcoin

Abra has rolled out Abra Borrow, which will help the company reach its goal of becoming a complete crypto bank, a company blog post stated....

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Today In Payments: Banks Wary As Fed And MIT Prep Digital Currency Report; Jumio Lands $150 Million
Today In Payments: Banks Wary As Fed And MIT Prep Digital Currency Report; Jumio Lands...
March 23, 2021  |  News

In today’s top news, Boston’s Federal Reserve and MIT could reveal digital dollar prototypes this summer, and Jumio raised $150 million to expand its digital...

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Apple, Goldman Cleared Of Unlawful Lending Discrimination Claims
Apple, Goldman Cleared Of Unlawful Lending Discrimination Claims
March 23, 2021  |  Apple

New York’s Department of Financial Services has found no evidence of lending discrimination in an investigation into Apple’s credit card, the state agency announced Tuesday....

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Ex-Wirecard Executive Says Company’s Alleged Fraud Began Over 10 Years Ago
Ex-Wirecard Executive Says Company’s Alleged Fraud Began Over 10 Years Ago
March 23, 2021  |  Cybersecurity

An ex-Wirecard executive informed prosecutors that the firm’s alleged fraud began over 10 years prior to its implosion, with some high-level managers starting to create...

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Banks Large And Small Turn To FinTech Friends For Modernization
Banks Large And Small Turn To FinTech Friends For Modernization
March 23, 2021  |  B2B Payments

From multinational banks to community financial institutions (FIs), teaming up with external help can be a valuable strategy to strengthening product offerings. Get the Full...

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Report: Donatos Pizza Bakes In Digital ID Tools To Prevent Food Fraud
Report: Donatos Pizza Bakes In Digital ID Tools To Prevent Food Fraud
March 23, 2021  |  Mobile Order Ahead

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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Today In Payments: Google Pay Exec Plans April Exit; Visa To Raise Interchange Fees In UK
Today In Payments: Google Pay Exec Plans April Exit; Visa To Raise Interchange Fees In...
March 22, 2021  |  News

In today’s top news, Google Pay’s Caesar Sengupta plans to step down in April, and Visa will raise its interchange fees on transactions between the...

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