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.

New Tech Arms Merchants With Evidence to Stop Friendly Fraud
New Tech Arms Merchants With Evidence to Stop Friendly Fraud
July 01, 2022  |  Security & Fraud

Tal Yeshanov, head of risk and strategic financial operations at Plastiq, said the term “friendly fraud” is a pleasant way of masking over a growing...

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Today in TechREG: EU Lawmakers Look to Pass Online Platform Bills Next Week; Wells Fargo, Zelle Dodged Fraud Lawsuit
Today in TechREG: EU Lawmakers Look to Pass Online Platform Bills Next Week; Wells Fargo,...
June 29, 2022  |  Regulation

Today in TechREG, allegations of fraud and scams against Walmart, Wells Fargo and Zelle followed very different paths. Whereas the lawsuit against the banking giant...

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Class-Action Lawsuit Dropped Against Wells Fargo, Zelle
Class-Action Lawsuit Dropped Against Wells Fargo, Zelle
June 29, 2022  |  Security & Fraud

A class-action lawsuit launched against banking giant Wells Fargo and digital payments network Zelle was dropped, Law360 reported. Get the Full Story Complete the form...

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PYMNTS AM Radar: Unlicensed to Bank; Modernizing Payments; Fighting Fraud; Blockchain Payment Perks ; ICYMI
PYMNTS AM Radar: Unlicensed to Bank; Modernizing Payments; Fighting Fraud; Blockchain Payment Perks ; ICYMI
June 29, 2022  |  Payment Methods

Today is Wednesday (June 29) and it’s the 15th anniversary of the iPhone, which changed the trajectory of mobile phones. Turkey said it won’t stand...

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FTC Takes Walmart to Court Over Money Transfer Fraud Allegations
FTC Takes Walmart to Court Over Money Transfer Fraud Allegations
June 28, 2022  |  Legal

The Federal Trade Commission has sued Walmart alleging that its money transfer services were corrupted by fraudsters — which reportedly resulted in customers being “fleeced...

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Santander: ‘Celebrity-Endorsed’ Crypto Scams in UK Could Double
Santander: ‘Celebrity-Endorsed’ Crypto Scams in UK Could Double
June 28, 2022  |  Security & Fraud

Banco Santander is warning customers in the United Kingdom that celebrity-endorsed cryptocurrency scams are on track to nearly double this year. Get the Full Story...

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EBA Recommends a Standard API for Open Banking in New PSD3 
EBA Recommends a Standard API for Open Banking in New PSD3 
June 28, 2022  |  Bank Regulation

The European Banking Authority (EBA) published on Thursday, June 23 an opinion in response to the European Commission’s call for advice on the upcoming review...

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Credit Suisse Conviction Signals New Money Laundering Liabilities for Banks
Credit Suisse Conviction Signals New Money Laundering Liabilities for Banks
June 27, 2022  |  Digital-First Banking

A courtroom verdict in  Switzerland is signaling that banks will be under increasing scrutiny for the acts they take and have taken, to combat fraud —...

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Latest Crypto Bridge Hack Exposes Key Ecosystem Weakness
Latest Crypto Bridge Hack Exposes Key Ecosystem Weakness
June 24, 2022  |  Security & Fraud

Harmony’s Horizon bridge was exploited for $100 million, making three major bridge hacks this year and exposing a central weakness in the digital-asset nexus, according...

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