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.

PYMNTS AM Radar: Unlicensed to Bank; Modernizing Payments; Fighting Fraud; Blockchain Payment Perks ; ICYMI

PYMNTS AM Radar: Unlicensed to Bank; Modernizing Payments; Fighting Fraud; Blockchain Payment Perks ; ICYMI
PYMNTS AM Radar: Unlicensed to Bank; Modernizing Payments; Fighting Fraud; Blockchain Payment Perks ; ICYMI
June 29, 2022  |  Payment Methods

Today is Wednesday (June 29) and it’s the 15th anniversary of the iPhone, which changed the trajectory of mobile phones. Turkey said it won’t stand...

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FTC Takes Walmart to Court Over Money Transfer Fraud Allegations
FTC Takes Walmart to Court Over Money Transfer Fraud Allegations
June 28, 2022  |  Legal & Regulation

The Federal Trade Commission has sued Walmart alleging that its money transfer services were corrupted by fraudsters — which reportedly resulted in customers being “fleeced...

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Santander: ‘Celebrity-Endorsed’ Crypto Scams in UK Could Double
Santander: ‘Celebrity-Endorsed’ Crypto Scams in UK Could Double
June 28, 2022  |  Cybersecurity

Banco Santander is warning customers in the United Kingdom that celebrity-endorsed cryptocurrency scams are on track to nearly double this year. Get the Full Story...

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EBA Recommends a Standard API for Open Banking in New PSD3 
EBA Recommends a Standard API for Open Banking in New PSD3 
June 28, 2022  |  Bank Regulation

The European Banking Authority (EBA) published on Thursday, June 23 an opinion in response to the European Commission’s call for advice on the upcoming review...

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Credit Suisse Conviction Signals New Money Laundering Liabilities for Banks
Credit Suisse Conviction Signals New Money Laundering Liabilities for Banks
June 27, 2022  |  Banking

A courtroom verdict in  Switzerland is signaling that banks will be under increasing scrutiny for the acts they take and have taken, to combat fraud —...

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Latest Crypto Bridge Hack Exposes Key Ecosystem Weakness
Latest Crypto Bridge Hack Exposes Key Ecosystem Weakness
June 24, 2022  |  Cybersecurity

Harmony’s Horizon bridge was exploited for $100 million, making three major bridge hacks this year and exposing a central weakness in the digital-asset nexus, according...

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Spike in BNPL Fraud Prompts Cybersecurity ‘Arms Race’
Spike in BNPL Fraud Prompts Cybersecurity ‘Arms Race’
June 24, 2022  |  Cybersecurity

Paper checks, credit cards, bank accounts — all have been favored targets of fraudsters over the years. Enter buy now, pay later (BNPL), the latest...

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Today in TechREG: CFPB Probes Late Fees; UK FCA to Tap AI, Tackle Online Scams
Today in TechREG: CFPB Probes Late Fees; UK FCA to Tap AI, Tackle Online Scams
June 23, 2022  |  Technology

Today in technology regulation news, the U.K.’s Financial Conduct Authority (FCA) announced a new plan to use data analytics and AI to identify and prevent...

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