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.

Today In Payments: Mastercard Introduces Sustainable Credit Card; Wirecard Seeks Forensic Investigation Into Collapse

Today In Payments: Mastercard Introduces Sustainable Credit Card; Wirecard Seeks Forensic Investigation Into Collapse
Today In Payments: Mastercard Introduces Sustainable Credit Card; Wirecard Seeks Forensic Investigation Into Collapse
July 22, 2020  |  News

In today’s top news, Mastercard is promoting sustainable credit cards, and Wirecard seeks a forensic investigation into its recently discovered accounting scandal. Plus, Salesforce expanded...

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Three Former Top Wirecard Execs Arrested In Alleged Fraud Scheme
Three Former Top Wirecard Execs Arrested In Alleged Fraud Scheme
July 22, 2020  |  Cybersecurity

Three former top executives of Wirecard AG were arrested Wednesday (July 22) as prosecutors allege they were part of a criminal enterprise to steal billions...

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Radius Bank’s Approach To Collective Intelligence In Fraud Prevention
Radius Bank’s Approach To Collective Intelligence In Fraud Prevention
July 22, 2020  |  Fraud Prevention

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. But to beat highly...

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FTC Provides Testimony On Anti-Fraud Efforts Amid Pandemic
FTC Provides Testimony On Anti-Fraud Efforts Amid Pandemic
July 21, 2020  |  Cybersecurity

The Federal Trade Commission (FTC) testified before the Senate Commerce Subcommittee on Manufacturing, Trade and Consumer Protection on Tuesday (July 21), detailing its efforts to...

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Today In Payments: Adevinta To Buy eBay’s Classifieds Unit; Panel To Review UK’s FinTech Sector 
Today In Payments: Adevinta To Buy eBay’s Classifieds Unit; Panel To Review UK’s FinTech Sector 
July 21, 2020  |  News

In today’s top news, Adevinta agrees to buy eBay’s classifieds division for $9.2 billion, and an independent panel plans to review the U.K.’s FinTech sector....

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Deep Dive: Securing P2P Apps Against Scams And ATOs
Deep Dive: Securing P2P Apps Against Scams And ATOs
July 21, 2020  |  AML

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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Radius Bank: Becoming Partners In Crime Prevention Can Help FIs Beat Fraud Rings
Radius Bank: Becoming Partners In Crime Prevention Can Help FIs Beat Fraud Rings
July 21, 2020  |  Fraud Prevention

Cybercrime is a constant concern for banks, credit unions and other financial institutions (FIs), with more than 25 percent of all malware attacks targeting the...

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Why Traditional Fraud Methods Failed To Stop Public-Payout Systems Fraud
Why Traditional Fraud Methods Failed To Stop Public-Payout Systems Fraud
July 21, 2020  |  Cybersecurity

Some recently unemployed Americans who have attempted to file for jobless benefits are encountering a nasty shock: They’ve been robbed by canaries. Get the Full...

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