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.

Account Verification Becomes Critical Factor in Cross-Border Payments
Account Verification Becomes Critical Factor in Cross-Border Payments
October 28, 2024  |  Cross-border Payments

Money movement across borders promises to speed the flow of funds between consumers and corporations if done digitally. But commerce is marked by complexity and...

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Making Sense of Quantum Data Defense in the Payments Space
Making Sense of Quantum Data Defense in the Payments Space
October 25, 2024  |  Cybersecurity

For firms in security-critical areas like financial services and payments, it’s time to pay attention to cybersecurity. A data breach in these industries doesn’t just...

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Bill360 to Add Bulk Email Notification to AR Automation Platform
Bill360 to Add Bulk Email Notification to AR Automation Platform
October 25, 2024  |  Accounts Receivable

Bill360 will add new features to its accounts receivable (AR) automation platform that will enhance the invoice email process, increase protection against credit card fraud...

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The Week in AI: Anthropic Agents, OpenAI’s Swarm and an Apple iOS Update Debut
The Week in AI: Anthropic Agents, OpenAI’s Swarm and an Apple iOS Update Debut
October 25, 2024  |  Artificial Intelligence

This week in artificial intelligence, Anthropic and OpenAI unveiled new AI systems capable of controlling computers and working in teams, while the U.S. Department of...

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Socure to Create ‘Single View of Identity’ With Effectiv Acquisition
Socure to Create ‘Single View of Identity’ With Effectiv Acquisition
October 24, 2024  |  Acquisitions

Socure plans to acquire Effectiv to create a unified identity, fraud and risk decision engine and offer its partners a “single view of identity.” The...

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Dwolla Expands Partnership With Plaid to Streamline Pay by Bank
Dwolla Expands Partnership With Plaid to Streamline Pay by Bank
October 23, 2024  |  Partnerships

Pay-by-bank solution provider Dwolla is expanding its partnership with data network Plaid. The companies will integrate Plaid’s instant account verification and risk assessment tools into...

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Report: How Financial Scams Are Eroding Consumer Confidence and Financial Health
Report: How Financial Scams Are Eroding Consumer Confidence and Financial Health
October 23, 2024  |  Fraud Prevention

Financial scams have never been more prevalent, but quality data on the number of victims and scale of their losses remains limited. For consumer-facing financial...

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AI Becomes Uncle Sam’s Super Sleuth
AI Becomes Uncle Sam’s Super Sleuth
October 22, 2024  |  artificial intelligence

The U.S. Treasury Department’s artificial intelligence system may be starting to do what armies of auditors have long struggled to achieve: curb financial crime more...

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FinTechs Looking to Enter the US Market Better Be Sponsor-Bank Ready, Says Thredd’s McCarthy
FinTechs Looking to Enter the US Market Better Be Sponsor-Bank Ready, Says Thredd’s McCarthy
October 22, 2024  |  Markets

When it comes to overall opportunity, the United States isn’t a hard sell. The U.S. market is home to over 13,100 FinTechs, with some estimates...

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