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.

Real-Time Transactions and Regulations Continue to Shape Payments
Real-Time Transactions and Regulations Continue to Shape Payments
May 24, 2024  |  Real-Time Payments

When it comes to payments innovations, banks and payment companies have held up their end of the deal. Instant payments, pay-by-bank, digital wallets, artificial intelligence and...

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Payments Speed and Security Acceleration Driven by Behavioral Expectations
Payments Speed and Security Acceleration Driven by Behavioral Expectations
May 23, 2024  |  Payments Innovation

The future of payments won’t be built overnight. But progress is being made almost every single day. Technology is reshaping every facet of business. The pursuit...

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Amazon, Microsoft and Others Agree on AI Safety Commitment at Seoul Summit
Amazon, Microsoft and Others Agree on AI Safety Commitment at Seoul Summit
May 22, 2024  |  Artificial Intelligence

Artificial intelligence companies from around the globe came together to address the growing concerns surrounding the safety and responsible development of advanced AI systems. The Seoul...

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Mastercard Uses AI to Solve ‘Jigsaw’ of Credit Card Fraud
Mastercard Uses AI to Solve ‘Jigsaw’ of Credit Card Fraud
May 22, 2024  |  Fraud Prevention

Mastercard says it is using generative AI to more quickly detect compromised credit cards. “Until now fraudsters may have thought they were operating in obscurity, seeking to...

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Intellicheck CEO: Identity Validation Needs Simplicity as Account Takeovers Spike
Intellicheck CEO: Identity Validation Needs Simplicity as Account Takeovers Spike
May 21, 2024  |  Identity

Staying one step ahead of the bad guys is becoming more difficult by the day for financial services companies. For example, identity verification is a...

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Shoppers Seek ‘Next-Gen Fraud Strategies’ From eCommerce Merchants
Shoppers Seek ‘Next-Gen Fraud Strategies’ From eCommerce Merchants
May 20, 2024  |  Fraud Prevention

Amid ongoing fraud concerns in eCommerce, advanced, data-driven prevention strategies can be crucial for protecting shoppers and enhancing their retail experiences, driving loyalty. PYMNTS’ Q1 eBook,...

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UK Fraud Proposal Has ‘Significant Problems,’ Minister Says
UK Fraud Proposal Has ‘Significant Problems,’ Minister Says
May 20, 2024  |  Regulation

A British treasury official has reportedly criticized proposed fraud reimbursement measures for banks and FinTechs. The plan would require those companies to repay fraud victims...

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Government Mandates Will Force Business Payments Modernization
Government Mandates Will Force Business Payments Modernization
May 20, 2024  |  B2B Payments

Change is inevitable, and businesses that initiate change have the best opportunity to manage it. That’s why embracing payments modernization is so important for organizations, particularly with...

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DOJ Charges 2 With Money Laundering Around ‘Pig Butchering’ Scams
DOJ Charges 2 With Money Laundering Around ‘Pig Butchering’ Scams
May 17, 2024  |  Legal

Two Chinese nationals have been charged with leading a scheme to launder proceeds from cryptocurrency investment scams. The indictment, unsealed in the Central District of...

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