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.

Larger FIs More Likely to Use AI and ML to Fight Financial Crime

Larger FIs More Likely to Use AI and ML to Fight Financial Crime
Larger FIs More Likely to Use AI and ML to Fight Financial Crime
January 08, 2024  |  Fraud Prevention

Financial institutions (FIs) are increasingly recognizing the importance of fraud-fighting technologies as they confront more sophisticated fraud and financial crimes. In fact, the surge in...

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Network Tokenization and Digital Identities Are Quietly Transforming Payment Security
Network Tokenization and Digital Identities Are Quietly Transforming Payment Security
January 05, 2024  |  Payments Innovation

One innovation above all others dominated the headlines in 2023: artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and...

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New Realities of Global Compliance Demand a New Approach
New Realities of Global Compliance Demand a New Approach
January 04, 2024  |  Opinion

PYMNTS asked industry executives across the payments and digital commerce landscape to give us their take on the pivotal shifts, technological advancements and strategies that...

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22% of Mid-Sized Firms Anticipate Reduced Payments Fraud With AP/AR Automation
22% of Mid-Sized Firms Anticipate Reduced Payments Fraud With AP/AR Automation
January 03, 2024  |  Security & Fraud

With advancements in artificial intelligence and robotics, firms are banking on automation not just to boost efficiency but also to bolster their resilience in navigating...

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12 Payments Experts Share How AI Changed Everything in 2023
12 Payments Experts Share How AI Changed Everything in 2023
December 28, 2023  |  Artificial Intelligence

The payments ecosystem reached an inflection point in 2023. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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BNP Paribas Part of French Money Laundering Probe
BNP Paribas Part of French Money Laundering Probe
December 27, 2023  |  Regulation

Prosecutors in France reportedly launched a money laundering investigation that involves BNP Paribas. Get the Full Story Complete the form to unlock this article and...

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Instant Payments Have a Supply Problem, Not a Demand Problem
Instant Payments Have a Supply Problem, Not a Demand Problem
December 22, 2023  |  Real-Time Payments

Immediacy will always prove to be a winning concept — particularly within payments. Get the Full Story Complete the form to unlock this article and...

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IRS Launches Voluntary Disclosure Program for Businesses That Filed Dubious ERC Claims 
IRS Launches Voluntary Disclosure Program for Businesses That Filed Dubious ERC Claims 
December 21, 2023  |  Disbursements

The Internal Revenue Service (IRS) has launched a new program that aims to assist businesses that mistakenly filed Employee Retention Credit (ERC) claims and want to...

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