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.

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...

READ MORE >
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....

READ MORE >
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...

READ MORE >
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...

READ MORE >
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,...

READ MORE >
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...

READ MORE >
Survey: Cross-Border B2B Payments Growth Raises Fraud Risk
Survey: Cross-Border B2B Payments Growth Raises Fraud Risk
December 10, 2019  |  B2B Payments

Fraud and data security are quickly climbing to the top of accounts payable (AP) professionals’ list of concerns, according to new data from Levvel Research....

READ MORE >
The Fraud That 85 Percent Of Fraud Detection Systems Miss
The Fraud That 85 Percent Of Fraud Detection Systems Miss
December 10, 2019  |  Security & Fraud

The battle against fraudsters in the digital era has evolved into a never-ending arms race. The tools we use to detect, score and prevent fraud...

READ MORE >
Lawyer Convicted For Stealing $60M From Belgium’s Richest Family
Lawyer Convicted For Stealing $60M From Belgium’s Richest Family
December 09, 2019  |  Security & Fraud

A lawyer on Monday (Dec. 9) was convicted in Swiss court of laundering money and forgery for stealing shares from Belgium’s richest family, according to...

READ MORE >