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.

Pay.UK Says Controlling UK’s Payments Fraud Epidemic Needs More than AI
Pay.UK Says Controlling UK’s Payments Fraud Epidemic Needs More than AI
May 16, 2023  |  Security & Fraud

Over £1.2 billion ($1.5 billion) in the U.K. was stolen through authorized and unauthorized financial fraud in 2022, according to a recently published UK Finance report....

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How a 190-Year-Old UK Bank Is Reimagining Payments
How a 190-Year-Old UK Bank Is Reimagining Payments
May 15, 2023  |  Cross-border Payments

Slow processing times, high banking fees, and complex and overlapping regulatory requirements continue to create pain points for individuals sending and receiving remittances worldwide. And...

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UK Records $1.5 Billion in Fraud in 2022
UK Records $1.5 Billion in Fraud in 2022
May 14, 2023  |  Security & Fraud

Fraudsters stole more than £1.2 billion ($1.5 billion) in the U.K. last year, down 8% since 2021. Get the Full Story Complete the form to...

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IRS Targets FTX While US Chamber of Commerce Backs Coinbase
IRS Targets FTX While US Chamber of Commerce Backs Coinbase
May 12, 2023  |  Legal

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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Mastercard to Offer Vesta’s Fraud Protection Solutions in APAC Region
Mastercard to Offer Vesta’s Fraud Protection Solutions in APAC Region
May 12, 2023  |  Security & Fraud

Mastercard will soon offer Vesta’s fraud protection solutions to eCommerce merchants in the Asia-Pacific (APAC) region. Get the Full Story Complete the form to unlock this article...

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CCC and Verisk Team to Tackle Auto Insurance Fraud
CCC and Verisk Team to Tackle Auto Insurance Fraud
May 09, 2023  |  Fraud Prevention

CCC Intelligent Solutions and Verisk have partnered to combat a $308 billion problem: insurance fraud. Get the Full Story Complete the form to unlock this...

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Generative vs Predictive AI’s Role Across the Future of Payments
Generative vs Predictive AI’s Role Across the Future of Payments
May 09, 2023  |  Artificial Intelligence

Predictive artificial intelligence (AI) has long been a chief financial officer’s best friend. Get the Full Story Complete the form to unlock this article and...

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Bankman-Fried Wants Bulk of Charges in FTX Case Dismissed
Bankman-Fried Wants Bulk of Charges in FTX Case Dismissed
May 09, 2023  |  Legal

Accused cryptocurrency fraudster Sam Bankman-Fried wants most of the charges against him thrown out. Get the Full Story Complete the form to unlock this article...

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Generative AI Aimed at Making Business Payments Customer-First
Generative AI Aimed at Making Business Payments Customer-First
May 09, 2023  |  Artificial Intelligence

Generative artificial intelligence (AI) solutions are set to produce new efficiencies across the business landscape. Get the Full Story Complete the form to unlock this...

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