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.

Federal Deadline Looms as Agencies Struggle to Move Beyond ACH Payments
Federal Deadline Looms as Agencies Struggle to Move Beyond ACH Payments
June 27, 2025  |  Digital Payments

Watch more: Federal Deadline Approaches as Agencies Struggle to Move Beyond ACH Payments A looming Sept. 30 deadline set by an executive order to digitize...

READ MORE >
Experian Adds Mastercard’s ID Verification Tool to Ascend Platform
Experian Adds Mastercard’s ID Verification Tool to Ascend Platform
June 26, 2025  |  Authentication

Experian added Mastercard’s identity verification and fraud prevention technology to its Ascend analytics platform. The collaboration will bolster identity verification services for the more than...

READ MORE >
Visa and FIS to Offer Financial Institutions Value-Added Payment Capabilities
Visa and FIS to Offer Financial Institutions Value-Added Payment Capabilities
June 26, 2025  |  Partnerships

Visa and FIS expanded their partnership to offer new value-added payment capabilities to financial institutions of all sizes. The new offerings will include stop payment...

READ MORE >
Stablecoins ‘Perform Poorly’ as Money and Could Face Uphill Payments Battle
Stablecoins ‘Perform Poorly’ as Money and Could Face Uphill Payments Battle
June 26, 2025  |  Cryptocurrency

When Mastercard announced Monday (June 23) that it is partnering with Paxos to advance the Global Dollar Network, the move added more weight to stablecoin...

READ MORE >
Worldline Mulls Suit Over Media Reports on Alleged Fraud Lapses
Worldline Mulls Suit Over Media Reports on Alleged Fraud Lapses
June 26, 2025  |  Cybersecurity

Worldline is reportedly weighing legal action following media allegations that the company permitted customer fraud. In a call with analysts late Wednesday (June 25) Pierre-Antoine Vacheron, chief...

READ MORE >
Block Stops $2 Billion in Cash App Fraud by Alerting Customers to Scams
Block Stops $2 Billion in Cash App Fraud by Alerting Customers to Scams
June 26, 2025  |  Cybersecurity

Watch more: Block Stops $2 Billion in Cash App Fraud by Alerting Customers to Scams There are signs that the good guys are gaining momentum...

READ MORE >
Mastercard Targets ‘Friendly’ Fraud With Expanded Program
Mastercard Targets ‘Friendly’ Fraud With Expanded Program
June 25, 2025  |  Payment Methods

Mastercard said it is expanding its First Party Trust program to tackle “friendly” fraud. Also known as first-party fraud, the term refers to genuine transactions...

READ MORE >
Fed Drops ‘Reputational Risk’ Rule, Paving Way for Banks to Enter Crypto
Fed Drops ‘Reputational Risk’ Rule, Paving Way for Banks to Enter Crypto
June 25, 2025  |  Cryptocurrency

Sometimes the biggest news can make the smallest splash. When the Federal Reserve Board announced in a Monday (June 23) press release that it would...

READ MORE >
Worldline Defends Itself Against Claims in ‘Dirty Payments’ Probe
Worldline Defends Itself Against Claims in ‘Dirty Payments’ Probe
June 25, 2025  |  Cybersecurity

Worldline’s shares plunged Wednesday (June 25) as media reports alleged the company concealed customer fraud. The French payments firm responded by saying it had for the last two...

READ MORE >