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.

India Cracks Down on ‘Sketchy’ FinTech KYC Rules
India Cracks Down on ‘Sketchy’ FinTech KYC Rules
February 22, 2024  |  Regulation

India’s banking regulator has made some high-profile enforcement moves in recent weeks. Last month, the Reserve Bank of India (RBI) ordered Paytm Payments Bank to...

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Are Digital Wallets the Answer to Mixed Reality Payments Infrastructure?
Are Digital Wallets the Answer to Mixed Reality Payments Infrastructure?
February 21, 2024  |  Technology

History tends to repeat itself. For example, picture this: Bitcoin is trading above $50,000 and one of the world’s biggest technology companies just launched a...

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Apple Launches Security Upgrade to Combat Potential Quantum Computing Attacks
Apple Launches Security Upgrade to Combat Potential Quantum Computing Attacks
February 21, 2024  |  Apple

In a move to improve the security of its iMessage app, Apple is upgrading its encryption system to fend off potential quantum computing attacks. The new system,...

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Buy Side, Supply Side: Winning the B2B Payments Fraud War
Buy Side, Supply Side: Winning the B2B Payments Fraud War
February 21, 2024  |  B2B Payments

Fraud is a costly and common problem in payments. In B2B payments, both of those elements are scaled up to a degree that is impossible...

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Tinder to Expand ID Verification to US and UK
Tinder to Expand ID Verification to US and UK
February 20, 2024  |  Authentication

After a pilot program in Australia and New Zealand, Tinder will be expanding its identity verification feature to users in the United States, the United...

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This Week in AI: Enterprise Intelligence, Healthcare Efficiencies, Deepfake Threats
This Week in AI: Enterprise Intelligence, Healthcare Efficiencies, Deepfake Threats
February 16, 2024  |  Artificial Intelligence

Artificial intelligence (AI) is becoming the standard-bearer for innovations that progress in leaps and bounds. Putting an exclamation point on the technology’s value to nearly...

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Hawk AI Appoints Napier Veteran Robin Lee APAC General Manager
Hawk AI Appoints Napier Veteran Robin Lee APAC General Manager
February 16, 2024  |  Personnel

Hawk AI, a provider of artificial intelligence (AI)-powered technology for fraud and anti-money laundering (AML) surveillance, has appointed Robin Lee as general manager for the Asia-Pacific (APAC)...

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Tokenization Now Seen by Merchants as Performance Optimization Play
Tokenization Now Seen by Merchants as Performance Optimization Play
February 16, 2024  |  Security & Fraud

Jeff Hallenbeck, head of payments at Forter, said tokenization, from the merchant point of view, is moving from being thought of as an operational cost...

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Payments Vaulting Seen as Competitive Differentiator for Subscription Commerce
Payments Vaulting Seen as Competitive Differentiator for Subscription Commerce
February 16, 2024  |  Subscriptions

Joe Meuse, vice president of product at Spreedly, told PYMNTS that subscription-based business models face challenges and opportunities in meeting customers’ demands in the digital...

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