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.

P2P Payments Fraud Suggests Liability Gray Area

P2P Payments Fraud Suggests Liability Gray Area
P2P Payments Fraud Suggests Liability Gray Area
July 12, 2022  |  Banking

Peer-to-peer (P2P) transactions between bank accounts are gaining in popularity, evidenced by the triple-digit percentage gains in Zelle and Venmo volumes, due in part to...

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Today in Data: Battling Bank Fraud
Today in Data: Battling Bank Fraud
July 11, 2022  |  Today In Data

Today in data, while banking fraud is on the rise, security professionals worry fraudsters have better tech than they do. Get the Full Story Complete...

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An Answer to Friendly Fraud
An Answer to Friendly Fraud
July 11, 2022  |  Opinion

Friendly fraud can account for up to 75% of all transaction disputes, writes Sara Craven, senior VP and CEO of Verifi, in the PYMNTS eBook,...

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Report Alleges Wirecard Forged Client Data to Obtain €900M SoftBank Investment
Report Alleges Wirecard Forged Client Data to Obtain €900M SoftBank Investment
July 10, 2022  |  Security & Fraud

Once-mighty payments giant Wirecard reportedly faked client data and was lying about internal records in order to get a SoftBank investment for €900 million ($913...

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Today in B2B: Golf Genius, RepSpark Integrate eCommerce Platform
Today in B2B: Golf Genius, RepSpark Integrate eCommerce Platform
July 08, 2022  |  B2B Payments

Today in B2B payments, Zwilling offers supply chain financing through partnership with Traxpay, and PYMNTS offers five key questions to help you asses your risk...

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5 Ways to Assess How Vulnerable You Are to B2B Payments Fraud
5 Ways to Assess How Vulnerable You Are to B2B Payments Fraud
July 08, 2022  |  B2B Payments

Organizations face numerous threats concerning B2B payments processing as bad actors look for ways to alter banking information and redirect B2B payments into the wrong...

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Weekly TechREG US: Federal Agencies Respond to Biden’s Crypto Executive Order; Bank Regulators Urged Banks to Conduct Customer Due Diligence, Avoid De-risking Practices 
Weekly TechREG US: Federal Agencies Respond to Biden’s Crypto Executive Order; Bank Regulators Urged Banks...
July 08, 2022  |  Regulation

This week, the U.S. Treasury proposed to the White House a plan to strengthen international cooperation on crypto regulation to make sure that the country...

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PYMNTS AM Radar: Age of Change; Smart Convenience; Digital Transformation Momentum; Fighting Professional Fraudsters; ICYMI
PYMNTS AM Radar: Age of Change; Smart Convenience; Digital Transformation Momentum; Fighting Professional Fraudsters; ICYMI
July 08, 2022  |  News

Today is Friday, July 8 and in one of the world’s safest countries, a former prime minister was shot dead while giving a speech. Shinzo...

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