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.

NEW REPORT: The Banks’ How-To Guide To Using AI To Manage Credit Risk

NEW REPORT: The Banks’ How-To Guide To Using AI To Manage Credit Risk
NEW REPORT: The Banks’ How-To Guide To Using AI To Manage Credit Risk
December 09, 2020  |  Artificial Intelligence

Managing credit risk used to be a reactive process. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Trulioo Parody Video Implores ‘Don’t Stop Verifying’ Online Identities
Trulioo Parody Video Implores ‘Don’t Stop Verifying’ Online Identities
December 08, 2020  |  Cybersecurity

More and more, retailers and businesses around the world are trying to figure out if potential customers are really who they say they are. Get...

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Organizations’ Fraud Threats Rise This Holiday Season
Organizations’ Fraud Threats Rise This Holiday Season
December 08, 2020  |  B2B Payments

The holidays aren’t always so cheery as the risk of fraud plagues consumers and retailers alike. Get the Full Story Complete the form to unlock...

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Cryptocurrency Exchanges Turn To Mobile Verification To Stop AML
Cryptocurrency Exchanges Turn To Mobile Verification To Stop AML
December 08, 2020  |  AML

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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Dispute Resolution Set To Fight Expected Pandemic-Driven Fraud
Dispute Resolution Set To Fight Expected Pandemic-Driven Fraud
December 08, 2020  |  Cybersecurity

As the holiday shopping season kicks into high gear amid an unprecedented pandemic-era surge in online shopping, banks and merchants are bracing for an associated...

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Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes
Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes
December 07, 2020  |  B2B Payments

Business email compromise (BEC) scams continue to ravage company coffers. Indeed, the last week has seen the emergence of even more examples coming to light....

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Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow
Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow
December 07, 2020  |  Cybersecurity

At a time when 80 percent of apps ask for (and are usually given) users’ geolocation data, the fact that most mobile banking applications still...

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Pioneer Bank Sues For Lost $34 Million In ValueWise Scandal
Pioneer Bank Sues For Lost $34 Million In ValueWise Scandal
December 06, 2020  |  B2B Payments

Pioneer Bank has joined the number of firms filing lawsuits over the continuing and complex MyPayrollHR/ValueWise scandal, which a report from the Daily Gazette calls...

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