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.

Wawa Says Thousands Affected By Data Breach
Wawa Says Thousands Affected By Data Breach
December 20, 2019  |  Security & Fraud

Gas station and convenience store chain Wawa said it discovered a data breach in which thousands of customers’ debit and credit card information was stolen,...

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Top News In Payments: Facebook Is Developing Its Own OS; PayPal Acquires 70 Pct Stake In China’s GoPay
Top News In Payments: Facebook Is Developing Its Own OS; PayPal Acquires 70 Pct Stake...
December 20, 2019  |  News

In today’s top news, Facebook is developing its own operating system to increase its independence, and PayPal is acquiring a 70 percent stake in China’s...

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American Airlines And Citi Crack Down On Account Abuse
American Airlines And Citi Crack Down On Account Abuse
December 20, 2019  |  Loyalty & Rewards

Citi and American Airlines have cracked down on customers they say are abusing the airline’s rewards program, signing up for multiple accounts fraudulently just to...

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Digital Fraud And AI Battle To The Death
Digital Fraud And AI Battle To The Death
December 20, 2019  |  Fraud Prevention

All in all, cybercriminals had a pretty good year. In Q3 2019 alone they made off with cryptocurrency valued at almost $4.5 billion. More than...

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Mobile Order-Ahead Delivered The Goods In 2019
Mobile Order-Ahead Delivered The Goods In 2019
December 20, 2019  |  Mobile Order Ahead

“It was the best of times, it was the worst of times.” That famous literary opener could apply to the mobile order-ahead (MOA) space in...

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Priceline Uses AI To Stop Fraudsters In Their Tracks
Priceline Uses AI To Stop Fraudsters In Their Tracks
December 19, 2019  |  Fraud Prevention

The $755 billion online travel industry is a honeypot for bad actors looking to use stolen payment credentials to purchase vacation packages and resell them...

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How Open Banking, Faster Payments Change Banks’ Fraud Threat
How Open Banking, Faster Payments Change Banks’ Fraud Threat
December 19, 2019  |  B2B Payments

An explosion of FinTech innovation has jump-started traditional financial institutions’ (FIs) digitization efforts. M&A initiatives and partnerships, Open Banking business models and data integrations, and...

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When The Text Message From The Bank Isn’t From The Bank
When The Text Message From The Bank Isn’t From The Bank
December 19, 2019  |  Security & Fraud

In business – and especially in financial services and banking – trust is built up over decades, and can be destroyed in an instant. Get...

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Top News In Payments: Open Banking Could Expand In UK; Goldman Leads $1.75B Credit Line For WeWork
Top News In Payments: Open Banking Could Expand In UK; Goldman Leads $1.75B Credit Line...
December 18, 2019  |  News

In today’s top payments news, the Financial Conduct Authority proposed new data sharing rules to expand open banking in the U.K., and WeWork received $1.75...

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