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.

Oversight Launches T&E Fraud Identification Tool
Oversight Launches T&E Fraud Identification Tool
January 10, 2018  |  B2B Payments

Oversight Systems has updated its Insights On Demand software-as-a-service (SaaS) solutions to provide managers with quicker ways to identify expense report fraud. In an announcement on...

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Uber Settles NY Driver Fees Lawsuit For $3M
Uber Settles NY Driver Fees Lawsuit For $3M
January 10, 2018  |  Payments Innovation

Ride-hailing app company Uber reached a settlement with more than 2,000 New York drivers, agreeing to pay $3 million. Reuters, citing a court filing in...

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Chinese Pyramid Scheme Lands Fraudsters In The Pokey – For Life
Chinese Pyramid Scheme Lands Fraudsters In The Pokey – For Life
January 10, 2018  |  International

A Chinese court has sentenced two people to life in prison for fraud, with 19 others getting up to 12 years in prison for their...

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Western Union Slapped With $60M Fine Over AML Lapses
Western Union Slapped With $60M Fine Over AML Lapses
January 05, 2018  |  Security & Fraud

Western Union has agreed to pay a $60 million fine as part of a consent order with the New York State Department of Financial Services....

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Debit Card Scammer Steals $350K In Apple Products
Debit Card Scammer Steals $350K In Apple Products
January 04, 2018  |  Apple

A Sacramento man has pleaded guilty to stealing $350,000 worth of Apple devices from stores across the U.S. According to Cult of Mac, 33-year-old Marcus...

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Why Collection Notices Are 2018’s Tipoff To Digital ID Fraud
Why Collection Notices Are 2018’s Tipoff To Digital ID Fraud
January 04, 2018  |  Security & Fraud

In the annals of fraud — payments fraud and identity theft and all manner of bad doings — 2017 may be a year we’d all...

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Top 5 Retail Stories Of 2017
Top 5 Retail Stories Of 2017
January 03, 2018  |  Retail

It’s 2018! That means that now, whenever people perceive something as backwards, unfashionable or antiquated, they’ll be quick to say it’s “so 2017.” But let’s...

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Consumers Want Biometrics – How Will Payments Respond?
Consumers Want Biometrics – How Will Payments Respond?
January 02, 2018  |  Security & Fraud

With the holiday shopping season behind us, most shoppers can probably say with confidence that the worst part of the whole experience was trying to...

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Power Tool Pirates: How Fraudsters Are Targeting Their Favorite Industries
Power Tool Pirates: How Fraudsters Are Targeting Their Favorite Industries
January 02, 2018  |  Security & Fraud

Fraud is rampant in the furniture, appliance and home improvement industries. The average mid-range chargeback for purchases between $100 and $500 is up from $288...

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