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.

How Open Banking Will Test Banks’ Data Security Strategies
How Open Banking Will Test Banks’ Data Security Strategies
November 02, 2018  |  B2B Payments

Whether driven by regulation or market competition, the financial services sector in several jurisdictions is progressing toward open banking, interconnectivity and a freer flow of...

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Shell Companies Eyed In Fraud At Aegean Marine
Shell Companies Eyed In Fraud At Aegean Marine
November 02, 2018  |  B2B Payments

Payments fraud on the high seas, perhaps, as a global shipper may have been involved with fake transactions and shell companies. Elsewhere, ransomware gets a roadblock...

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Instant Onboarding: A Payments ‘Red Herring?’
Instant Onboarding: A Payments ‘Red Herring?’
November 02, 2018  |  Faster Payments

Instant onboarding — the ability for a merchant to complete a one-page digital application, then instantly process payments — has, more or less, been heralded as the best thing to happen in...

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Yooz Taps SnapCheck To Digitize Checks In Accounts Payable
Yooz Taps SnapCheck To Digitize Checks In Accounts Payable
November 01, 2018  |  B2B Payments

Invoicing and payments Software-as-a-Service company Yooz has struck a strategic partnership with SnapCheck to address the friction of companies paying suppliers by check. Get the Full...

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Faster Payments, Real-Time Payments And A Few Glitches
Faster Payments, Real-Time Payments And A Few Glitches
November 01, 2018  |  Faster Payments

Speed matters in payments, and as B2B moves away from checks, some recent infrastructure initiatives and announcements show traction in Europe and Asia.  However, as...

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Why Context Makes Virtual Assistants Smart Digital Bankers
Why Context Makes Virtual Assistants Smart Digital Bankers
October 30, 2018  |  Digital Banking

AI and ML-powered services can help fight banking fraud. However, to layer the tech into viable solutions to assist customers with banking, robo-advisors need to...

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NEW DATA: Why One-Third Of Businesses Want Real-Time Payments
NEW DATA: Why One-Third Of Businesses Want Real-Time Payments
October 30, 2018  |  Faster Payments

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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Data Dive, Halloween Edition: Fines And Fraudsters
Data Dive, Halloween Edition: Fines And Fraudsters
October 29, 2018  |  Data Dive

There will be no shortage of ways to try to scare yourself through the first half of this week — scary movies, scary costumes, scary receipts for...

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SFO Chief Recuses Herself From Barclays Case
SFO Chief Recuses Herself From Barclays Case
October 29, 2018  |  B2B Payments

The new director of the Serious Fraud Office (SFO) has stepped down from the prosecution of four former Barclays bankers over potential conflicts of interest....

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