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.

Intellicheck to Provide ID Verification Services for Versatile Credit
Intellicheck to Provide ID Verification Services for Versatile Credit
December 12, 2023  |  Authentication

Intellicheck will provide identity verification services for financing platform Versatile Credit. “Intellicheck’s identity validation solution gives Versatile Credit merchants the ability to extend credit with...

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FTX and IRS Battle Over $24 Billion Tax Claim
FTX and IRS Battle Over $24 Billion Tax Claim
December 12, 2023  |  Cryptocurrency

FTX Trading is reportedly currently locked in a legal dispute with the Internal Revenue Service (IRS) over a $24 billion tax claim. The outcome of...

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Bankman-Fried Lawyer: Client Was ‘Worst’ Witness in Unwinnable Case
Bankman-Fried Lawyer: Client Was ‘Worst’ Witness in Unwinnable Case
December 12, 2023  |  Legal

Could FTX founder Sam Bankman-Fried have prevailed at trial? David Mills, the veteran attorney who helped the cryptocurrency mogul build his defense, doesn’t think so, according...

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Issuers and Merchant Collaborate to Thwart Fraudsters and Accept ‘Good’ Transactions
Issuers and Merchant Collaborate to Thwart Fraudsters and Accept ‘Good’ Transactions
December 12, 2023  |  Fraud Prevention

Jeff Gipson, director of payment product management at Discover® Global Network, told PYMNTS in a recent interview that the intensity of fraudsters’ attacks on all parts...

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Amazon Sues ‘International Fraud Organization’ Over Phony Returns
Amazon Sues ‘International Fraud Organization’ Over Phony Returns
December 10, 2023  |  Amazon

Amazon has sued an international group known as REKK for allegedly stealing millions via fraudulent returns. The suit, filed last week in U.S. District Court in...

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Why Lifecycle Management Matters When Fighting Payments Fraud
Why Lifecycle Management Matters When Fighting Payments Fraud
December 07, 2023  |  Security & Fraud

Brian Holbrook, director of product strategy at LSEG Risk Intelligence, told PYMNTS in an interview that financial institutions (FIs) are going to have to gird...

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90% of FIs Leverage Fraud-Prevention APIs as Crime-Fighting Tool
90% of FIs Leverage Fraud-Prevention APIs as Crime-Fighting Tool
December 06, 2023  |  Fraud Prevention

Financial institutions (FIs) are facing an increasing threat of fraud and financial crime in the digital age. And as the volume and sophistication of fraudulent...

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Experian and NeuroID Team to Fight Fraud Amid Surge in Sophisticated Financial Crime
Experian and NeuroID Team to Fight Fraud Amid Surge in Sophisticated Financial Crime
December 05, 2023  |  Fraud Prevention

In a bid to tackle the rising threat of fraud, global information services company Experian has partnered with behavioral analytics firm NeuroID to enhance its...

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Crypto Sector Lobbying Set to Make New US Record
Crypto Sector Lobbying Set to Make New US Record
December 05, 2023  |  Cryptocurrency

Cryptocurrency firms are reportedly spending record amounts of cash to advance their cause in Washington. Digital asset companies spent $18.9 million on lobbying during the first three...

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