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.

CFPB Wants Banks to Pay Back Victims Scammed Using Zelle, Other P2P Services
CFPB Wants Banks to Pay Back Victims Scammed Using Zelle, Other P2P Services
July 19, 2022  |  CFPB

Victims of scams involving Zelle and other peer-to-peer (P2P) money transfer services could be getting new assistance from the Consumer Financial Protection Bureau (CFPB) by...

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Shift in Spending Doesn’t Mean Shift in Fraud
Shift in Spending Doesn’t Mean Shift in Fraud
July 19, 2022  |  Opinion

As consumers dine out and go to events less, Jared Kernodle, chief revenue officer at Kount, an Equifax company, predicts in the PYMNTS eBook “Baseline 2022:...

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FBI Warns Fake Crypto Apps Robbed Investors of Millions
FBI Warns Fake Crypto Apps Robbed Investors of Millions
July 19, 2022  |  Security & Fraud

The FBI is warning investors and financial institutions (FIs) that fraudulent cryptocurrency apps tricked 244 victims out of $42.7 million between October 2021 and May...

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FIs Need Collaboration AND Technology to Win AML War
FIs Need Collaboration AND Technology to Win AML War
July 19, 2022  |  AML

Popular images of international crime fighting are usually replete with bank heists, gun fights, drug smuggling, and undercover agents in dark suits and shades. Get...

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Ujji on Fighting First-Party Fraud and Coupon Abuse
Ujji on Fighting First-Party Fraud and Coupon Abuse
July 18, 2022  |  Fraud Prevention

In the July "Digital Fraud Tracker®," Jake Doering, founder of wellness drink company Ujji, tells PYMNTS how dynamic discount codes and tailored communications can help...

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The Data Point: 76% of Merchants Say Third-Party Dispute Resolution Is the Way to Go
The Data Point: 76% of Merchants Say Third-Party Dispute Resolution Is the Way to Go
July 15, 2022  |  Fraud Prevention

With the surge of credit card transactions during the pandemic is the seemingly inescapable cascade of disputes and chargebacks that eat into profits and create...

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Money Transfer Firm Ping Express Admits to AML Violations
Money Transfer Firm Ping Express Admits to AML Violations
July 15, 2022  |  AML

A Texas money transfer company has pleaded guilty to federal charges that it failed to adequately maintain an anti-money laundering (AML) program, letting $167 million...

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Businesses Need Proactive Anti-Fraud Strategies to Ensure Growth
Businesses Need Proactive Anti-Fraud Strategies to Ensure Growth
July 14, 2022  |  Opinion

Now that Paycheck Protection Program loans have dried up, we’re seeing an overwhelming surge of intent of fraud, TreviPay CEO Brandon Spear writes in the...

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NFTs Are Now a Legal Way to Serve Documents in UK Courts 
NFTs Are Now a Legal Way to Serve Documents in UK Courts 
July 14, 2022  |  Legal

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