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.

Today In Payments: Visa Opts Out Of Plaid Acquisition, Cites Complex Litigation; BillTrust To Make NASDAQ Debut Today Trading As BTRS

Today In Payments: Visa Opts Out Of Plaid Acquisition, Cites Complex Litigation; BillTrust To Make NASDAQ Debut Today Trading As BTRS
Today In Payments: Visa Opts Out Of Plaid Acquisition, Cites Complex Litigation; BillTrust To Make...
January 13, 2021  |  News

In today’s top news, Visa opted out of its acquisition of Plaid after the DOJ sued over antitrust concerns, and Billtrust is expected to start...

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Swap.com Uses Data Analytics to Fight Post-Holiday Fraud Surge
Swap.com Uses Data Analytics to Fight Post-Holiday Fraud Surge
January 13, 2021  |  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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Commerzbank Cautioned BaFin About Wirecard Months Before Scandal
Commerzbank Cautioned BaFin About Wirecard Months Before Scandal
January 12, 2021  |  Cybersecurity

Commerzbank warned German financial watchdog BaFin about Wirecard‘s illicit activity early in 2020, before the payment giant’s scandal of missing money came to light later...

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Rakuten Mobile Employee Arrested, Accused Of Stealing SoftBank Secrets
Rakuten Mobile Employee Arrested, Accused Of Stealing SoftBank Secrets
January 12, 2021  |  Cybersecurity

An ex-employee of SoftBank, a major Japanese wireless carrier, was reportedly arrested on Tuesday (Jan. 12) on suspicion of stealing trade secrets before taking a...

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‘Organized Retail Crime’ Is Growing (And Not Just Because Of The Pandemic)
‘Organized Retail Crime’ Is Growing (And Not Just Because Of The Pandemic)
January 12, 2021  |  Retail

Organized crime rings are taking advantage of the pandemic, looser police enforcement and a softening in anti-shoplifting laws to swipe tons of merchandise from retail...

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Bitcoin Daily: Britain’s Financial Regulator Warns Of Crypto Scams Offering High Returns
Bitcoin Daily: Britain’s Financial Regulator Warns Of Crypto Scams Offering High Returns
January 11, 2021  |  Bitcoin

The U.K. Financial Conduct Authority (FCA) said new scams could end up having devastating effects on crypto investors, CoinDesk reported. Get the Full Story Complete...

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Equifax Invests In Fraud Prevention And ID Verification With $640M Kount Deal
Equifax Invests In Fraud Prevention And ID Verification With $640M Kount Deal
January 11, 2021  |  Acquiring

The great digital shift – and the rising tide of eCommerce – has placed greater pressure on companies to verify their customers and guard against...

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Robinhood User Sues Platform After Account Hacked
Robinhood User Sues Platform After Account Hacked
January 10, 2021  |  Legal & Regulation

A California man has sued Robinhood Financial and Robinhood Securities, claiming he lost thousands of dollars after his brokerage account with the firm was breeched,...

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