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.

The Real-World Tech That Smooths Payments in the Metaverse

The Real-World Tech That Smooths Payments in the Metaverse
The Real-World Tech That Smooths Payments in the Metaverse
September 28, 2022  |  eCommerce

The new eCommerce landscape is complex and ever evolving: Businesses seeking to provide their customers with new virtual spaces like gaming environments have to adapt...

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Best Line of Payments Fraud Defense: A Harder Target
Best Line of Payments Fraud Defense: A Harder Target
September 28, 2022  |  Cybersecurity

No matter where you look, fraud attacks on banks and merchants are on the rise. The fraudsters are getting more creative in their schemes, leveraging...

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Congress Drills Bank Brass on Authorized Push Payments Fraud
Congress Drills Bank Brass on Authorized Push Payments Fraud
September 23, 2022  |  Bank Regulation

The top brass of the country’s seven biggest financial institutions faced lawmakers in a second meeting on Capitol Hill about accountability, consumer protection, and compliance,...

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Watchdog: Crooks Likely Jacked $45B From Pandemic Unemployment 
Watchdog: Crooks Likely Jacked $45B From Pandemic Unemployment 
September 23, 2022  |  Cybersecurity

Crooks likely used the Social Security numbers of dead people and prisoners plus filed claims in multiple states to steal more than $45 billion from...

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Data Brief: 95% of Execs Involved in AML Say Innovation Is ‘High Priority’
Data Brief: 95% of Execs Involved in AML Say Innovation Is ‘High Priority’
September 22, 2022  |  AML

A few words sum up the state of fraud and the challenges facing financial institutions (FIs): rising at a fast clip. Get the Full Story...

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DOJ Asks Congress for Tools to Limit NFT Money-Laundering Risk
DOJ Asks Congress for Tools to Limit NFT Money-Laundering Risk
September 22, 2022  |  Cybersecurity

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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As FedNow Rollout Progresses, Banks, Processors Begin Strategic Shifts
As FedNow Rollout Progresses, Banks, Processors Begin Strategic Shifts
September 22, 2022  |  Real-Time Payments

Less than a year from now, faster payments — instant ones, in fact — will be a widespread reality in the United States. Get the...

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Report: Crypto Trader Wintermute Loses $160M to Hackers
Report: Crypto Trader Wintermute Loses $160M to Hackers
September 20, 2022  |  Cryptocurrency

London-based cryptocurrency trader Wintermute has reportedly lost about $160 million in digital assets to a theft by hackers. Get the Full Story Complete the form...

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