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.

As Digital Business Payments Become the Norm, New Use Cases Emerge
As Digital Business Payments Become the Norm, New Use Cases Emerge
October 06, 2021  |  Payment Methods

Whether it’s a finance team separated from the physical office mail and corporate checkbook, or legions of remote workers seeking purchase authorizations or expense reimbursements,...

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Robot vs. Robot: PayPal Taps AI/ML in Battle Against Fraudsters, Chargebacks and Passwords
Robot vs. Robot: PayPal Taps AI/ML in Battle Against Fraudsters, Chargebacks and Passwords
October 05, 2021  |  Security & Fraud

Artificial intelligence (AI) and machine learning (ML) are helping merchants and online platforms get smarter about detecting risk. Get the Full Story Complete the form...

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Challenger Bank Monzo Abandons US Banking License Application
Challenger Bank Monzo Abandons US Banking License Application
October 04, 2021  |  Digital-First Banking

London-based FinTech company Monzo has pulled back its application for a U.S. banking license, according to a Monday (Oct. 4) report from CNBC. Get the...

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Deep Dive: How Banks and Payments Providers Can Protect Customers, Merchants From Fraud Threats
Deep Dive: How Banks and Payments Providers Can Protect Customers, Merchants From Fraud Threats
October 04, 2021  |  Authentication

Customers flocked to online channels to access the goods and services they needed during pandemic closures, and research shows they have no plans to change...

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Barclays Hit in Phishing Scam Using Monzo Account, PISP
Barclays Hit in Phishing Scam Using Monzo Account, PISP
October 03, 2021  |  Security & Fraud

Millions of pounds were swiped from Barclays accounts in a phishing scam by a fraudster using a Monzo account and a payments initiation service provider...

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Two Californians Busted for Fake COVID-19 Test Results
Two Californians Busted for Fake COVID-19 Test Results
October 02, 2021  |  Security & Fraud

A 34-year-old man and a 33-year-old woman, both from California, were arrested in Hawaii for submitting fraudulent COVID-19 test results in an effort to skirt...

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HSBC on Authenticating Customer Payments to Reduce Fraud
HSBC on Authenticating Customer Payments to Reduce Fraud
October 01, 2021  |  Authentication

Telling good transactions from bad is tough when customers are scammed into validating fraudulent payments. In the Authenticated Payments Report, HSBC’s Drew Douglas explains how...

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Combating the ‘Bad Guys’ Through Sophisticated Digital Identity Verification
Combating the ‘Bad Guys’ Through Sophisticated Digital Identity Verification
October 01, 2021  |  Biometrics

Businesses around the world are going through a digital transformation to build more efficient digital channels. But in doing so, they are potentially exposing themselves...

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Payments Orchestration Helps Online Merchants Find, Plug Fraud Vulnerabilities
Payments Orchestration Helps Online Merchants Find, Plug Fraud Vulnerabilities
October 01, 2021  |  Security & Fraud

Among the key advantages of payments orchestration — which allows merchants and platforms to connect to any combination of payment service providers (PSPs) through a...

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