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.

35% of Cardholders Abandon Merchant After a Card Decline
35% of Cardholders Abandon Merchant After a Card Decline
October 04, 2024  |  Credit Cards

Striking the right balance between seamless payments and strong security is crucial for merchants. As eCommerce continues to flourish, a PYMNTS Intelligence report, “Why Network...

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UK’s Revolut Accuses Meta of ‘Woefully Short’ Effort in Battling Fraud
UK’s Revolut Accuses Meta of ‘Woefully Short’ Effort in Battling Fraud
October 03, 2024  |  Security & Fraud

U.K. FinTech Revolut has reportedly criticized Meta’s approach to combating financial fraud. As CNBC reported Thursday (Oct. 3), Revolut argues that the Facebook owner should be the one to provide compensation...

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Meta Teams With UK Banks to Fight Scammers
Meta Teams With UK Banks to Fight Scammers
October 02, 2024  |  Security & Fraud

Meta launched an anti-fraud information-sharing partnership with banks in the United Kingdom. The Fraud Intelligence Reciprocal Exchange (FIRE) is a “threat intelligence sharing program” that...

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Google Cloud: There Are Two Reasons Banks Need to Move to the Cloud
Google Cloud: There Are Two Reasons Banks Need to Move to the Cloud
October 02, 2024  |  Security & Fraud

Cybersecurity is a pressing and complex challenge for financial institutions. It’s a space where technology and strategy must align to ensure resilience and compliance, and...

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52% of Gen Z and Millennial Consumers Say They Might Give Community Banks a Try
52% of Gen Z and Millennial Consumers Say They Might Give Community Banks a Try
October 02, 2024  |  Credit Unions

As digital banking transforms the financial landscape, community banks and credit unions (CUs) are poised to capture Generation Z and millennials. These digital natives are...

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AI Software Tools Could Streamline and Personalize the Commerce Experience
AI Software Tools Could Streamline and Personalize the Commerce Experience
October 01, 2024  |  Artificial Intelligence

The rise of artificial intelligence in software development is reshaping the commerce landscape, offering faster product launches and more personalized customer experiences. Qodo’s $40 million...

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Account Verification Is the Only Way to Build Trust in Pay-by-Bank World
Account Verification Is the Only Way to Build Trust in Pay-by-Bank World
October 01, 2024  |  Authentication

The promise of open banking is to foster a range of new products and services as banks link with FinTechs to use customer-permissioned data to...

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Manual Payments, Maximum Risk: How AP/AR Automation Beefs Up Security
Manual Payments, Maximum Risk: How AP/AR Automation Beefs Up Security
October 01, 2024  |  B2B Payments

Old-school manual B2B payments, particularly checks, are sitting ducks for fraudsters. Many organizations, particularly those in industries with long-established practices or fragmented environments, like construction,...

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New Approaches to Fraud Prevention Needed as Card Issuance Ecosystem Expands
New Approaches to Fraud Prevention Needed as Card Issuance Ecosystem Expands
September 30, 2024  |  Security & Fraud

The expanding ecosystem of card issuance demands a new approach to defending against fraud as criminals become more sophisticated and employ advanced technologies to steal...

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