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.

Open Banking Series: What Data Do Banks and FinTechs Share?
Open Banking Series: What Data Do Banks and FinTechs Share?
January 12, 2022  |  Digital Banking

Open banking is, undoubtedly, a good innovation for the banking sector, especially for consumers and FinTechs. But open banking can also help traditional banks to...

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Securities Regulators: Crypto Scams are Top Threat to Investors ‘By Far’ 
Securities Regulators: Crypto Scams are Top Threat to Investors ‘By Far’ 
January 12, 2022  |  Cryptocurrency

Cryptocurrencies and digital assets are the biggest threat to investors, according to new data from the North American Securities Administrators Association (NASAA). Get the Full Story...

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Deep Dive: How AP Automation Can Lower Businesses’ Fraud, Processing and Labor Costs
Deep Dive: How AP Automation Can Lower Businesses’ Fraud, Processing and Labor Costs
January 12, 2022  |  Accounts Payable

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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Healthcare Breaches Give Fraudsters New Tools for ‘Targeted’ Crowdfunding Scams
Healthcare Breaches Give Fraudsters New Tools for ‘Targeted’ Crowdfunding Scams
January 12, 2022  |  Security & Fraud

It’s well known that fraudsters are nothing if not creative and cunning as they continually seek to prey on the most basic human traits of...

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Binance Under Scrutiny in Alleged $100M Scam in Pakistan
Binance Under Scrutiny in Alleged $100M Scam in Pakistan
January 10, 2022  |  Security & Fraud

The Pakistan Federal Investigation Agency (FIA) has said it wants to talk with cryptocurrency exchange Binance about a scam that has grifted over $100 million...

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38% of Payments Fraud Victims Learn About the Incident the Same Day
38% of Payments Fraud Victims Learn About the Incident the Same Day
January 10, 2022  |  Security & Fraud

More consumers returned to shopping in physical stores after the Thanksgiving holiday. Seventy-three percent reported shopping for their holiday purchases in stores in December, up...

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Report: Binance Faces Scrutiny as Ponzi Mobile Apps Scam Surfaces
Report: Binance Faces Scrutiny as Ponzi Mobile Apps Scam Surfaces
January 10, 2022  |  Security & Fraud

Binance, a popular cryptocurrency exchange, is under investigation by Pakistan regulators over a multi-million-dollar Ponzi scheme, Dawn reported Friday (Jan. 7). Get the Full Story...

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Fighting Fraudulent Transactions, By the Numbers
Fighting Fraudulent Transactions, By the Numbers
January 07, 2022  |  Fraud Prevention

In the fall of 2021, PYMNTS, working with the Mastercard affiliate Brighertion, interviewed dozens of banking executives to determine how acquiring banks use artificial intelligence...

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London FinTech Starling Bank Boycotts Advertising on Meta Over Scammers
London FinTech Starling Bank Boycotts Advertising on Meta Over Scammers
January 07, 2022  |  Cybersecurity

London FinTech Starling Bank has put Meta on notice and said it was boycotting advertising on Facebook and Instagram due to the number of scammers...

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