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.

Luckin Launches Probe Into Alleged Inflated Revenues
Luckin Launches Probe Into Alleged Inflated Revenues
April 02, 2020  |  Security & Fraud

An internal investigation is underway by the board of directors of Luckin Coffee Inc. into its former COO who may have inflated estimated revenues by...

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How A Digital Makeover Could Be Key To CUs’ Member Acquisition Plans
How A Digital Makeover Could Be Key To CUs’ Member Acquisition Plans
April 02, 2020  |  Credit Unions

Digital overhauls can help boost credit unions’ online presences, but member data must be fiercely guarded during this transformation. In this month’s Credit Union Tracker,...

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Building The Biggest Wall Around Logins Only Makes Good Customers Mad
Building The Biggest Wall Around Logins Only Makes Good Customers Mad
April 02, 2020  |  Security & Fraud

The goal for any security platform aiming to enable digital commerce is as simple in concept as it is incredibly difficult to execute: Give the...

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ATB Financial’s Front- And Back-End Data Analytics Initiatives
ATB Financial’s Front- And Back-End Data Analytics Initiatives
April 01, 2020  |  Digital-First Banking

Use and analysis of customer data has become key to enabling a personalized and omnichannel digital banking experience. But it’s easy to cross the line...

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Senate Federal CEO On Protecting Member Trust During Digital Overhauls
Senate Federal CEO On Protecting Member Trust During Digital Overhauls
April 01, 2020  |  Credit Unions

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Coronavirus Scams Trigger Surge In FTC Complaints
Coronavirus Scams Trigger Surge In FTC Complaints
March 31, 2020  |  Coronavirus

The Federal Trade Commission (FTC) reported in a press release that it has received over 7,800 complaints from consumers all relating to the coronavirus pandemic,...

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A Debit-Enabled Fix To In-Store Checkout Abandonment
A Debit-Enabled Fix To In-Store Checkout Abandonment
March 30, 2020  |  Next-Gen Debit

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Why Credit Unions’ ‘Mature Trust Model’ Matters For Members
Why Credit Unions’ ‘Mature Trust Model’ Matters For Members
March 30, 2020  |  Credit Unions

As COVID-19, the disease caused by the coronavirus, ravages the economy, and millions of Americans shelter in place to figure out their next financial moves...

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Today In Payments: Western Union Debuts Tool For Home Money Transfers; Target Pauses Curbside Pickup Plans
Today In Payments: Western Union Debuts Tool For Home Money Transfers; Target Pauses Curbside Pickup...
March 27, 2020  |  News

In today’s top news, Western Union is launching a new tool for people to send money from home over a voice or video call, and...

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