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: Indigestion; Connected Demand; Weaponized Fraud; Super Apps to the Rescue; ICYMI

PYMNTS AM Radar: Indigestion; Connected Demand; Weaponized Fraud; Super Apps to the Rescue; ICYMI
PYMNTS AM Radar: Indigestion; Connected Demand; Weaponized Fraud; Super Apps to the Rescue; ICYMI
May 31, 2022  |  Delivery

It’s Tuesday, May 31 and President Joe Biden is meeting with Federal Reserve Chair Jerome Powell today to discuss inflation and the state of the...

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Authorized Push Payment Fraud Challenges CFPB’s Open Banking Stance
Authorized Push Payment Fraud Challenges CFPB’s Open Banking Stance
May 30, 2022  |  Legal & Regulation

Despite the absence of specific legislation mandating the use of open banking in the U.S., this practice is growing across the country. Open banking —...

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Fraud Played ‘Significant’ Role in $163B Leak from Pandemic-Era Unemployment System
Fraud Played ‘Significant’ Role in $163B Leak from Pandemic-Era Unemployment System
May 27, 2022  |  Cybersecurity

Fraudsters bilked about $163 billion from the unemployment system during the COVID-19 pandemic, according to the semiannual report to Congress by the Office of Inspector...

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PYMNTS AM Radar: Inflation Side Effects; Downside of Fighting Fraud; Modernizing Spend Management; ICYMI
PYMNTS AM Radar: Inflation Side Effects; Downside of Fighting Fraud; Modernizing Spend Management; ICYMI
May 27, 2022  |  Consumer Payments

It’s Friday, May 27, this year’s kick-off to summer beach days, backyard barbecues and vacation plans. It’s also the start of the three-day weekend that...

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Fixing Retail’s $600 Billion False Declines Problem When Fighting Fraud
Fixing Retail’s $600 Billion False Declines Problem When Fighting Fraud
May 27, 2022  |  Cybersecurity

Fighting fraud and pushing back cybercriminals has become the central focus of cybersecurity – and for very good reason. Cybercriminals have proven themselves to be...

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Scammers Used Twitter’s Crypto Community to Steal Information
Scammers Used Twitter’s Crypto Community to Steal Information
May 26, 2022  |  Cybersecurity

Scammers are hijacking Twitter accounts to promote questionable cryptocurrency platforms that let them compromise their victim’s information. Get the Full Story Complete the form to...

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Seth Green’s Kidnapped Bored Ape Shows NFTs’ Growing Commercialization
Seth Green’s Kidnapped Bored Ape Shows NFTs’ Growing Commercialization
May 25, 2022  |  NFTs

Actor Seth Green’s plans to turn his Bored Ape NFT into a TV show have apparently crashed and burned just weeks before its launch after...

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CFPB Calls on States To Expand Enforcement Efforts
CFPB Calls on States To Expand Enforcement Efforts
May 24, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) issued on Thursday, May 19 a new interpretative rule seeking to bolster the states’ enforcement actions to protect consumers....

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