The Paypers

NOVEMBER 22, 2017

(The Paypers) The US Federal Trade Commission (FTC) announced that citizens who lost money to scammers in wire frauds via Western Union can get their money back.

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Wire Wires Federal Trade Commission FTC 28

PYMNTS

DECEMBER 17, 2020

As of September 2020, the FTC reported that there had been $145 million in pandemic-related scams. The FTC marked $201.26 Anybody who calls, emails or text messages you asking for money, asking for gift cards, asking for wire transfers – that is a scam,” he noted.

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Scams IRS Federal Trade Commission FTC 84

FICO

JULY 7, 2020

In one recent example, a criminal impersonated the leader of a UK-based energy firm using voice-generating AI software to convince a chief executive to wire $243K. For example, this could be a message from your “boss” that says if you don’t wire funds to a client in the next hour, an important account will be lost. every month.

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Scams Smishing Phishing IRS 97

PYMNTS

JANUARY 18, 2021

The individual pleaded guilty to wire fraud and money laundering conspiracy. Reports in ABC 7 Chicago said the FTC is notifying small business owners about the threat of an email scam, with messages issued to businesses claiming to be from the Small Business Administration Office of Disaster Assistance.

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Scams Business Email Compromise Email Compromise Federal Trade Commission 87

PYMNTS

AUGUST 12, 2020

The enforcement action alleged Vietnam residents Thu Phan Dinh, Tran Khanh and Nguyen Duy Toan engaged in wire fraud to profit from the pandemic. Department of Justice (DOJ) obtained a temporary restraining order to close hundreds of websites that purported to sell products that became scarce during the pandemic, according to a press release.

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Law Enforcement Federal Trade Commission Financial Crimes Scams 52

PYMNTS

JUNE 20, 2018

This past week saw the Federal Trade Commission (FTC) announce a new law enforcement initiative that focuses on bad actors who seek to commit crimes against small businesses. The arrests were international in scope, and come as part as the FBI’s Operation Wire Wire, which is designed to pinpoint those scams. million.

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Scams Phishing Federal Trade Commission Wires 45

PYMNTS

FEBRUARY 6, 2019

There are also fees linked to paying card bills via wire transfer, and fees if the fleet cards go unused. Yet, reports said there have been 366 complaints filed with the Federal Trade Commission (FTC) against FLEETCOR since 2014. 10-per-gallon or $2-per-transaction fee noted as an account administration charge. FLEETCOR posted $2.2

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Payroll Commercial Card Federal Trade Commission Wire Transfer 66

Finextra

JUNE 26, 2025

The Federal Trade Commission (FTC) alone documented nearly 266,000 cases of online shopping and negative review scams in 2023. Stablecoin transaction fees are typically much lower compared to those incurred with traditional payment methods like credit cards or wire transfers. Problem 1: Mistrust in Sellers.

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Stablecoins Payment APIs and Integration Fraud Prevention Cross-Border 52

PYMNTS

JULY 19, 2019

Facebook Slapped With $5B FTC Fine, But Still Has Lots Of Friends. And, despite reporting on July 12 that the Federal Trade Commission (FTC) had reached an agreement to fine Facebook $5 billion, shares in the social media company were up $3.84 and closed at $204.87. PayPal’s Xoom Goes Global and Door-to-Door.

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Payment APIs and Integration Federal Trade Commission FTC PayPal 51

Finextra

JUNE 26, 2025

The Federal Trade Commission (FTC) alone documented nearly 266,000 cases of online shopping and negative review scams in 2023. Stablecoin transaction fees are typically much lower compared to those incurred with traditional payment methods like credit cards or wire transfers. Problem 1: Mistrust in Sellers.

Stablecoins 52

Stablecoins Payment APIs and Integration Cross-Border Account Takeovers 52

FICO

JANUARY 19, 2022

As my colleague Matt Cox recently blogged , an enterprise fraud approach delivers a composite view of a customer’s inflow and outflow activity by breaking down traditional silos of credit, debit, deposits and payments (person-to-person, mobile, wire transfers, ACH and more), adding application fraud detection to that view.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

PYMNTS

JANUARY 8, 2018

“According to State Department reports, people who have responded to these emails have been beaten, subjected to threats and extortion, and in some cases, murdered,” the FTC stated. Neu is not Nigerian, but the police stated that money acquired by Neu was wired to people in Nigeria.

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Tax Refunds Scams Wires Wire 42

PYMNTS

OCTOBER 1, 2018

FIRREA authorizes the federal government to seek civil penalties against companies and individuals that commit various criminal offenses affecting federally insured financial institutions, including bank fraud, wire fraud and false statements to financial institutions. Those effects, however, were short-lived.

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P2P Origination Underwriting Returns 54

BioCatch

MARCH 20, 2025

Note: In looking at the FTC Consumer Sentinel Report for 2024 it is important to note that the fraud statistics probably include both unreimbursed fraud transactions (unauthorized transactions) including 1) retail wires and 2) fraudulent checks and unreimbursed scam transactions (authorized transactions).

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Scams FTC Wire Wires 59

PYMNTS

NOVEMBER 12, 2018

But lest we rush by a bit too quickly, we have three interesting bits this week worth taking a closer look: the most successful day in eCommerce history happened last weekend, SWIFT shut the door on Ripple rumors and MoneyGram settled with the FTC. MoneyGram And The FTC Settle. Singles Day $30B Bonanza. So what did we learn this week?

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SWIFT Settlement FTC Federal Trade Commission 43