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.

Mastercard Realigns Organizational Structure, Adds ‘Data and AI’ Group
Mastercard Realigns Organizational Structure, Adds ‘Data and AI’ Group
April 09, 2024  |  Mastercard

Mastercard realigned its organizational structure to support its strategic priorities and position itself for “the next era of growth.” The realignment centers on three teams: Core...

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Intellicheck CEO Envisions a Bank Consortium to Fight ID Fraud
Intellicheck CEO Envisions a Bank Consortium to Fight ID Fraud
April 09, 2024  |  Fraud Prevention

When you read about collaboration in the financial services industry the topic usually centers around banks and FinTechs. But maybe there’s more to that story....

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Oracle Introduces AI-Powered Anti-Money Laundering Service for Banks
Oracle Introduces AI-Powered Anti-Money Laundering Service for Banks
April 08, 2024  |  AML

Oracle Financial Services introduced an artificial intelligence-powered cloud service that helps banks mitigate anti-money laundering (AML) risks. The new Oracle Financial Services Compliance Agent “identifies and remediates vulnerabilities,”...

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Report: Target Adds Camera-Based Theft-Deterrent Tech to Self-Checkout Registers
Report: Target Adds Camera-Based Theft-Deterrent Tech to Self-Checkout Registers
April 08, 2024  |  Retail

Target is reportedly adding camera-based systems to its self-checkout registers to deter theft. The new technology detects items on scanners, alerts the shopper if an item...

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3DS 2.0 Demands More Attention as Fraud Defense From Issuers and Merchants
3DS 2.0 Demands More Attention as Fraud Defense From Issuers and Merchants
April 08, 2024  |  Security & Fraud

Dewald Nolte, chief strategy officer at Entersekt, said 3-D Secure (3DS), the security protocol that was refreshed seven years ago, is an essential tool in fighting...

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Terraform Labs and Co-Founder Do Kwon Convicted of Defrauding Investors
Terraform Labs and Co-Founder Do Kwon Convicted of Defrauding Investors
April 05, 2024  |  Cryptocurrency

A jury in a U.S. District Court has found Terraform Labs and its co-founder, Do Kwon, liable for defrauding investors in crypto asset securities. The court found earlier...

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Managed Services Give Banks End-to-End Look at Real-Time Payments 
Managed Services Give Banks End-to-End Look at Real-Time Payments 
April 05, 2024  |  Real-Time Payments

Laura Sullivan, senior product manager at Form3, told PYMNTS in an interview that as faster payments gain ground in the United States, fraudsters are lying in...

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Visa and Skipify Link ‘Click to Pay’ and Digital Wallet
Visa and Skipify Link ‘Click to Pay’ and Digital Wallet
April 04, 2024  |  Partnerships

Visa and Skipify partnered to streamline consumers’ checkout experience with Skipify’s next-generation digital wallet. The collaboration will enable Skipify customers in a growing number of global markets to...

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FinCEN’s Look at Banks’ Customer ID Efforts Points the Way to Increased Digitization
FinCEN’s Look at Banks’ Customer ID Efforts Points the Way to Increased Digitization
April 04, 2024  |  Banking

The fraudsters are wilier than ever. The dark web offers all manner of details up for sale, from email addresses to Social Security numbers. And...

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