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.

Thredd Rolls Out Compliance and Risk Management Tools
Thredd Rolls Out Compliance and Risk Management Tools
October 31, 2024  |  Security & Fraud

Payments processor Thredd introduced a suite of compliance and risk management services. The new offerings are designed to help FinTechs, program managers and their bank...

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Bank of America May Ask Courts to Resolve CFPB Zelle Investigation
Bank of America May Ask Courts to Resolve CFPB Zelle Investigation
October 30, 2024  |  Banking

Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle...

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FTX Engineering Chief Gets Probation in Crypto Fraud Case
FTX Engineering Chief Gets Probation in Crypto Fraud Case
October 30, 2024  |  Legal

One-time FTX executive Nishad Singh was sentenced to three years of supervised release — with no prison time — Wednesday (Oct. 30) afternoon. Before announcing the...

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Data-Driven Defense: Discover Global Network Focuses on Brand Integrity
Data-Driven Defense: Discover Global Network Focuses on Brand Integrity
October 30, 2024  |  Security & Fraud

In payments, mitigating fraud and risk is essential. Fraud is growing, and access to advanced tools helps fraudsters exploit payments vulnerabilities. Companies must prioritize robust...

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J.P. Morgan Sues TikTok Users Over ATM ‘Glitch’
J.P. Morgan Sues TikTok Users Over ATM ‘Glitch’
October 29, 2024  |  Legal

Over the summer, a curious fad went viral on TikTok, involving Chase Bank. People were writing fake checks and depositing them into the bank’s ATMs,...

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Trending: Intensity of Financial Scams Builds Pressure on Banks to Regain Consumer Trust
Trending: Intensity of Financial Scams Builds Pressure on Banks to Regain Consumer Trust
October 29, 2024  |  Security & Fraud

The flood waters have yet to recede. In Florida, the devastation is not fully accounted for, and the costs are not fully tallied. All of...

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Amazon and Google File Dual Lawsuits Against Fake Review Site
Amazon and Google File Dual Lawsuits Against Fake Review Site
October 28, 2024  |  Legal

Amazon and Google are taking action against a website that generates fake product/business reviews. The two tech giants have filed parallel lawsuits against Bigboostup.com, accusing it of selling...

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Democratizing Payments: How Payment Hubs Fuel Innovation for Smaller Banks
Democratizing Payments: How Payment Hubs Fuel Innovation for Smaller Banks
October 28, 2024  |  Payments Innovation

Keeping pace with innovation can be daunting. For small- to mid-sized banks, credit unions and FinTechs, implementing the latest money movement integrations like real-time payments...

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J.P. Morgan Payments and ValidiFI Team to Improve Account Validation
J.P. Morgan Payments and ValidiFI Team to Improve Account Validation
October 28, 2024  |  Authentication

J.P. Morgan Payments has teamed up with predictive bank account/payment intelligence company ValidiFI. The collaboration, announced Monday (Oct. 28), is designed to give businesses greater...

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