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.

Five At Five: Alibaba Makes Cross-Border Payments Play
Five At Five: Alibaba Makes Cross-Border Payments Play
September 27, 2018  |  News

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest payments/FinTech news from Alibaba, along...

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Look-Alike Domains Emerge As Huge Holiday Fraud Threat
Look-Alike Domains Emerge As Huge Holiday Fraud Threat
September 27, 2018  |  Fraud Prevention

Look-alike domains are increasingly finding favor with criminals eager to rip off online shoppers, according to a new report from Venafi, a cybersecurity firm. Get...

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Fusion Pulls Suppliers Into Its Corporate Risk Management Software
Fusion Pulls Suppliers Into Its Corporate Risk Management Software
September 25, 2018  |  B2B Payments

Fusion Risk Management is expanding its corporate risk management software offering by integrating new functionality into the tool, the company said in a press release on...

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Paytm Tests Biometrics For Digital Payments
Paytm Tests Biometrics For Digital Payments
September 25, 2018  |  Digital Payments

Paytm has started working on a facial recognition tool to enable digital payments. According to The Economic Times, the company plans to expand the feature...

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Why Credit Unions Should Talk The Fraud Prevention Talk
Why Credit Unions Should Talk The Fraud Prevention Talk
September 25, 2018  |  Credit Unions

When it comes to how consumers think about where their funds are the safest, large banks can benefit from somewhat of a perception gap. The...

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Deep Dive: Fighting Fraud With AI And Machine Learning
Deep Dive: Fighting Fraud With AI And Machine Learning
September 24, 2018  |  Security & Fraud

In the inaugural Digital Fraud Tracker, PYMNTS takes a deep dive into the world of cybercrime, exploring the latest attack methods employed by fraudsters, and...

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Accentuating The Payments Positives, Eliminating The Negative
Accentuating The Payments Positives, Eliminating The Negative
September 21, 2018  |  Today In Data

High-pressure systems often have bad news to share. In payments, data theft is going nowhere: In fact, it is expected to be an explosive growth...

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FBI Sets Sights On Payroll Fraud Scheme
FBI Sets Sights On Payroll Fraud Scheme
September 21, 2018  |  B2B Payments

Payroll fraud is underway, according to the FBI's "IC3" division, targeting employees in a number of verticals. The key method is phishing. Elsewhere, Europol warns...

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Christmas In September? Holiday Fraud Planning Is In Full Takeover Mode
Christmas In September? Holiday Fraud Planning Is In Full Takeover Mode
September 21, 2018  |  Security & Fraud

The criminals have already started. They are buying fraud tutorials and data from other criminals online. They are eyeing juicy targets such as gift cards...

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