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.

Patisserie Valerie Ex-Chairman Claims No Knowledge Of Fraud

Patisserie Valerie Ex-Chairman Claims No Knowledge Of Fraud
Patisserie Valerie Ex-Chairman Claims No Knowledge Of Fraud
June 11, 2019  |  B2B Payments

The former chairman of U.K. café chain Patisserie Valerie said he had no idea of any fraud occurring within the business, distancing himself from the...

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How Online Universities Take Fraudsters To School
How Online Universities Take Fraudsters To School
June 11, 2019  |  Authentication

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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Old Payments Problems, New Solutions
Old Payments Problems, New Solutions
June 10, 2019  |  Today In Data

While the digital age has supplied any number of new solutions to problems, many of those problems still persist. Thieves target retailers, moving objects from...

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‘Scattered Canary’ BEC Scams Aim At US Firms
‘Scattered Canary’ BEC Scams Aim At US Firms
June 10, 2019  |  B2B Payments

From a one-man shop committing check fraud on Craigslist to a sophisticated multi-fraudster committing BEC scams, the rise of Scattered Canary has been startling. Elsewhere, in...

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FLEETCOR Accused Of Clean Energy Fraud
FLEETCOR Accused Of Clean Energy Fraud
June 10, 2019  |  B2B Payments

About a month after reports surfaced that commercial fleet payments technology firm FLEETCOR is facing a lawsuit over claims of anticompetitive behavior, a new report...

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Deutsche Bank Auditors Found AML Process Weaknesses
Deutsche Bank Auditors Found AML Process Weaknesses
June 10, 2019  |  Bank Regulation

Internal auditors at Deutsche Bank found weaknesses in anti-money laundering processes resulted in checks and high-value electronic payments being processed without undergoing the proper vetting....

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Allied Wallet Settles With FTC Over Fraud Charges
Allied Wallet Settles With FTC Over Fraud Charges
June 07, 2019  |  Security & Fraud

Allied Wallet, an online payment provider and a client of Wirecard, settled with the Federal Trade Commission (FTC) last month over charges that it helped...

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Freeing, And Securing, Trapped Funds Everywhere
Freeing, And Securing, Trapped Funds Everywhere
June 07, 2019  |  Today In Data

There are all kinds of ways money can end up “trapped.” It might get trapped in a  security deposit, or get frozen in place by...

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Bitcoin Daily: Komodo Blockchain Platform Hacked Itself To Protect Users’ Crypto; ING Gets On Board With USC Blockchain Project
Bitcoin Daily: Komodo Blockchain Platform Hacked Itself To Protect Users’ Crypto; ING Gets On Board...
June 07, 2019  |  Bitcoin

Blockchain startup Komodo Platform resorted to hacking its users’ wallets in order to save $13 million in bitcoin and other cryptocurrency from being stolen. Get...

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