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.

56% of eCommerce Firms Lack the Right Tools to Fix Failed Payments
56% of eCommerce Firms Lack the Right Tools to Fix Failed Payments
February 01, 2024  |  eCommerce

Imagine a consumer attempting to make a purchase, only to get rejected at checkout. This was not because of money problems or fraud, but due...

READ MORE >
AI’s Role in Helping Banks Fight Fraud and Financial Crimes
AI’s Role in Helping Banks Fight Fraud and Financial Crimes
February 01, 2024  |  Security & Fraud

Easy money attracts bad actors.  In today’s increasingly digitized and borderless business landscape, the threat of attack has only grown more pointed. That’s why it...

READ MORE >
Biometrics Startup Incognia Raises $31 Million for Anti-Fraud Tools
Biometrics Startup Incognia Raises $31 Million for Anti-Fraud Tools
January 31, 2024  |  Biometrics

Biometrics startup Incognia has raised $31 million to develop its location identity offerings. The funding, announced in a Wednesday (Jan. 31) press release, will also help the...

READ MORE >
Experian Launches Fraud Prevention Tool for Car Dealers
Experian Launches Fraud Prevention Tool for Car Dealers
January 31, 2024  |  Security & Fraud

Car buying is increasingly moving online, and scammers who target car buyers are following suit. With that in mind, Experian has debuted Fraud Protect, a tool to help auto...

READ MORE >
‘Accessible’ AI Makes Leap From Concept to Reality Happen Faster, Fiserv Says
‘Accessible’ AI Makes Leap From Concept to Reality Happen Faster, Fiserv Says
January 31, 2024  |  Artificial Intelligence

Brandy Wood, vice president and head of client experience products at Carat from Fiserv, told PYMNTS that despite all the headlines and controversies swirling around...

READ MORE >
New York Sues Citi for Allegedly Failing to Protect and Reimburse Fraud Victims
New York Sues Citi for Allegedly Failing to Protect and Reimburse Fraud Victims
January 30, 2024  |  Legal

New York Attorney General Letitia James accused Citi of failing to protect fraud victims. In a lawsuit filed Tuesday (Jan. 30), the state’s top prosecutor...

READ MORE >
The 4 Easy Wins GenAI Brings to the Payments Sector
The 4 Easy Wins GenAI Brings to the Payments Sector
January 30, 2024  |  Artificial Intelligence

The ability to scale is what qualifies an innovation as such. While generative artificial intelligence has, by many observers’ accounts, already reached innovation status at...

READ MORE >
GenAI’s Role in Transforming Payments: Sovos Says Don’t Expect a Revolution
GenAI’s Role in Transforming Payments: Sovos Says Don’t Expect a Revolution
January 30, 2024  |  Artificial Intelligence

Eric Lefebvre, chief technology officer at Sovos, said generative artificial intelligence (AI) will transform the ways in which consumers and businesses interact with financial institutions...

READ MORE >
eCommerce Firms Use Advanced Screening Tools to Combat Tech-Driven Fraud
eCommerce Firms Use Advanced Screening Tools to Combat Tech-Driven Fraud
January 26, 2024  |  Security & Fraud

eCommerce firms are grappling with the widespread impact of fraud, and according to PYMNTS Intelligence research, more than 80% encountered true fraud — verified instances...

READ MORE >