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.

Making Sense Of The New Omnichannel Experience
Making Sense Of The New Omnichannel Experience
May 30, 2019  |  Omnicommerce

As far as buzzwords go, one must tip their hat to the enduring power of “omnichannel.” Get the Full Story Complete the form to unlock...

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UK Banks Create Money Pool To Refund Fraud Victims
UK Banks Create Money Pool To Refund Fraud Victims
May 29, 2019  |  B2B Payments

A group of U.K. financial institutions are signing a voluntary code to refund consumer and small business victims for fraud schemes, the BBC reported on...

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Indictment Names Major Banks In Cum-Ex Case
Indictment Names Major Banks In Cum-Ex Case
May 28, 2019  |  Security & Fraud

A German investigation of Cum-Ex tax deals involves as much as 447.5 million euros ($500 million) lost to the government centers around two London bankers...

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Visa CyberSource: AI’s Role Is To ‘Predict’ — Not To ‘Know’
Visa CyberSource: AI’s Role Is To ‘Predict’ — Not To ‘Know’
May 28, 2019  |  VISA

Marvin Minsky, cognitive scientist and co-founder of MIT’s AI lab, said decades ago that computers can only do what we tell them to do.  Scott...

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Criminals Use Universal Credit System To Defraud Families
Criminals Use Universal Credit System To Defraud Families
May 27, 2019  |  Security & Fraud

Fraudsters are using the universal credit (UC) benefits system to defraud U.K. families, leaving them without any money. Get the Full Story Complete the form...

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Crypto Diamonds Are For … Never(?)
Crypto Diamonds Are For … Never(?)
May 24, 2019  |  Security & Fraud

Charles Ponzi built his eponymous schemes on the promise of profits tied to postage stamps. But ours is a decidedly high-tech world, where fortunes are...

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Travel Managers Battle Growing Fraud Threats
Travel Managers Battle Growing Fraud Threats
May 24, 2019  |  B2B Payments

Travel managers are battling against card skimming and other types of fraud — and the instances of fraud are on the rise, according to a...

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Can IoT Developers, Lawmakers Ever See Eye To Eye?
Can IoT Developers, Lawmakers Ever See Eye To Eye?
May 24, 2019  |  Intelligence of Things

Intelligence of Things (IoT) devices are continuing to gain popularity. By some estimates, more than 14 billion devices are expected to be in use by...

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Payments, Speeding Across Borders
Payments, Speeding Across Borders
May 23, 2019  |  Today In Data

Cross-border payments have been a focal point for a growing number of stakeholders within financial services. For banks, it’s a multi-billion dollar opportunity. For merchants,...

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