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.

Visa Warns Of Rise In Gas Station POS Cyberattacks
Visa Warns Of Rise In Gas Station POS Cyberattacks
December 15, 2019  |  Security & Fraud

Visa has announced in a release that cybercriminals are employing new tactics to steal credit card information from around the U.S. Get the Full Story...

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RBS Reimburses Customers After FX Scandal
RBS Reimburses Customers After FX Scandal
December 15, 2019  |  B2B Payments

The Royal Bank of Scotland (RBS) is reimbursing 40 million pounds ($53 million) to about 730,000 customers after workers at the bank were found to...

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New Facebook AI Doubles Detection Of Fake Accounts
New Facebook AI Doubles Detection Of Fake Accounts
December 13, 2019  |  Security & Fraud

Facebook has been using a new type of artificial intelligence (AI) to identify and delete hundreds of millions of fake accounts, according to a report...

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Sharing Platforms Fight Fraud, Make Friends
Sharing Platforms Fight Fraud, Make Friends
December 13, 2019  |  Security & Fraud

We now inhabit a world where one can rent almost anything. It’s a world that has sprung up around the spending power and tastes of...

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Inside N26’s Strategy to Win US Customers
Inside N26’s Strategy to Win US Customers
December 13, 2019  |  Digital Banking

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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Bitcoin Daily: Blockchain Exec Pleads Guilty To Securities Fraud; Investor Hits BitMex Crypto Exchange With $300M Lawsuit
Bitcoin Daily: Blockchain Exec Pleads Guilty To Securities Fraud; Investor Hits BitMex Crypto Exchange With...
December 12, 2019  |  Bitcoin

The CEO of Shopin, a blockchain-powered startup, has pleaded guilty to securities fraud related to $42.5 million in an initial coin offering, according to a...

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How Outdoorsy Is Balancing Buyer, Seller Payments In The RV World
How Outdoorsy Is Balancing Buyer, Seller Payments In The RV World
December 12, 2019  |  Payments Innovation

Sharing platforms in the $50 billion RV market are just the latest example of a sharing economy marketplace trying to grapple with fraudulent listings while...

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JPMorgan Employs Machine Learning For Expense Reports
JPMorgan Employs Machine Learning For Expense Reports
December 12, 2019  |  Innovation

JPMorgan Chase has been using artificial intelligence (AI) and machine learning to process expense reports and check them for compliance, according to Bloomberg. Lori Beer,...

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HBOS Fraud Compensation Review Discovers ‘Shortcomings’
HBOS Fraud Compensation Review Discovers ‘Shortcomings’
December 11, 2019  |  B2B Payments

Small to medium-sized businesses (SMBs) impacted by fraudulent activity within Lloyds-owned HBOS could be in line for larger compensation payouts after an independent review found...

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