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.

Report: Banks Resist Refunds for Unauthorized Zelle Payments
Report: Banks Resist Refunds for Unauthorized Zelle Payments
June 20, 2022  |  Digital Banking

A slew of regulatory issues and new methods of stealing money from peoples’ bank accounts are changing how banks handle fraud and theft claims, The...

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Real-Time Demand Will Boost EU Open Banking Payments, Says Worldpay EMEA GM
Real-Time Demand Will Boost EU Open Banking Payments, Says Worldpay EMEA GM
June 20, 2022  |  Payments Innovation

Whether it’s the rapid normalization of contactless payments, the buy-now-pay-later boom or the growing interest in cryptocurrencies, the payments industry has been evolving at a...

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This Week in US TechREG: SEC, Crypto Community Exchange Warnings; CFPB Wants Credit Reporting Standards in BNPL Sector
This Week in US TechREG: SEC, Crypto Community Exchange Warnings; CFPB Wants Credit Reporting Standards...
June 17, 2022  |  Technology

This week, the Securities and Exchange Commission (SEC) and the crypto community have been sending warnings to each other: the SEC chair said there was...

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PYMNTS AM Radar: Zoo NFTs; Robinhood Woes; Rich Reality; Friendly Fraud; ICYMI 
PYMNTS AM Radar: Zoo NFTs; Robinhood Woes; Rich Reality; Friendly Fraud; ICYMI 
June 16, 2022  |  Economy

Today is Thursday, June 16 and on this day in 1911, IBM was formed and started automating business transactions with punched card-based data tabulating machines....

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Today in Retail: May Retail Sales Dip 0.3%; H&M Gets Q2 Boost in Foot Traffic
Today in Retail: May Retail Sales Dip 0.3%; H&M Gets Q2 Boost in Foot Traffic
June 15, 2022  |  Retail

Today in retail, retail sales fall unexpectedly in May, while shoppers return to H&M stores. Plus, retailers fight fraud, Shopee cuts staff, Walmart teams with...

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Spike in Friendly Fraud Triggers Review of Chargeback Mechanisms
Spike in Friendly Fraud Triggers Review of Chargeback Mechanisms
June 15, 2022  |  Security & Fraud

First-party misuse — known as “friendly” fraud — can be difficult to detect, and reducing it is a delicate matter of telling true policy abusers...

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Retailers Counter Fraud With Digital Innovation — and a Bit of Kindness
Retailers Counter Fraud With Digital Innovation — and a Bit of Kindness
June 15, 2022  |  Security & Fraud

Fraud prevention platforms are fine-tuning as the dust of the great digital shift settles, and a prime revelation from this activity is that stopping fraud...

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LHV UK Fights Push Payment Fraud With Confirmation of Payee Service
LHV UK Fights Push Payment Fraud With Confirmation of Payee Service
June 14, 2022  |  Security & Fraud

Banking services provider LHV UK is fighting authorized push payment (APP) fraud with the integration of the Confirmation of Payee (CoP) service, now live for...

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Virgin Money Teams With SurePay on CoP Solution
Virgin Money Teams With SurePay on CoP Solution
June 13, 2022  |  Fraud Prevention

Payment information company SurePay has teamed up with Virgin Money to help the company implement its U.K. Confirmation of Payee (CoP) solution to guard consumers...

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