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.

EMEA Daily: UK to Unveil New Rules to Target Push Payment Fraud
EMEA Daily: UK to Unveil New Rules to Target Push Payment Fraud
May 18, 2022  |  International

In today’s top Europe, Middle East and Africa (EMEA) news, the United Kingdom’s Payment System Regulator (PSR) gets ready to roll out new rules targeting...

READ MORE >
The Data Point: 68% of B2B Firms in Retail, Manufacturing Unsatisfied With Fraud Solution
The Data Point: 68% of B2B Firms in Retail, Manufacturing Unsatisfied With Fraud Solution
May 18, 2022  |  Fraud Prevention

As goes the online marketplace, so goes fraud. Cybercrooks treat online marketplaces like great fishing spots, ceaselessly testing for vulnerabilities — and often finding them — to...

READ MORE >
UK Payment Regulator to Get More Powers to Fight Authorized Push Payment Fraud 
UK Payment Regulator to Get More Powers to Fight Authorized Push Payment Fraud 
May 18, 2022  |  Security & Fraud

The U.K. Payment System Regulator (PSR) is continuing its fight against authorized push payment (APP) fraud. New rules and legislation will provide the regulator with...

READ MORE >
The Data Point: 92% of Merchants Using Only Third-Party Tech Keep Chargebacks Under 0.5%
The Data Point: 92% of Merchants Using Only Third-Party Tech Keep Chargebacks Under 0.5%
May 17, 2022  |  Fraud Prevention

Fraud detection is constantly improving, but so are the capabilities of fraud rings and hackers, making choice of fraud detection and dispute resolution technology critically...

READ MORE >
PYMNTS AM Radar: Disputes and Fraud; FinTech Fairness; Delivering Cravings; Invisible Payments; ICYMI
PYMNTS AM Radar: Disputes and Fraud; FinTech Fairness; Delivering Cravings; Invisible Payments; ICYMI
May 16, 2022  |  Payment Methods

Today is Monday, May 16, and nuns are Tik-Toking about #ConventLife, while North Korean leader Kim Jong Un is launching a military response to the...

READ MORE >
Treasury Dept. Outlines Strategy to Fight Terrorist Funding, Illicit Finance
Treasury Dept. Outlines Strategy to Fight Terrorist Funding, Illicit Finance
May 13, 2022  |  Security & Fraud

The U.S. Department of the Treasury issued its strategy for fighting illicit financing Friday (May 13), highlighting measures designed to make the financial system more...

READ MORE >
Twitter’s Buyout Pause Shows Platforms Need Robust Verification Tools in Battle vs Bots
Twitter’s Buyout Pause Shows Platforms Need Robust Verification Tools in Battle vs Bots
May 13, 2022  |  Fraud Prevention

For the Twitter bid a la Elon Musk, the lesson is: Easy come, easy go. Get the Full Story Complete the form to unlock this article...

READ MORE >
Texas Man Gets 5 Years in Prison for Role in PayPal Fraud Scheme
Texas Man Gets 5 Years in Prison for Role in PayPal Fraud Scheme
May 11, 2022  |  Legal

The Department of Justice has reported that 37-year-old Marcos Ponce of Austin, Texas, was sentenced to five years in prison for a scheme to buy...

READ MORE >
CFPB Orders $8M Paid to Consumers in Student Loan Scam
CFPB Orders $8M Paid to Consumers in Student Loan Scam
May 11, 2022  |  CFPB

The Consumer Finance Protection Bureau (CFPB) has finalized an enforcement action against RAM Payment and Account Management Systems, two payment processors working with debt relief,...

READ MORE >