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.

GenAI Tools Show Promise of Reducing Payments Fraud by 85%

GenAI Tools Show Promise of Reducing Payments Fraud by 85%
GenAI Tools Show Promise of Reducing Payments Fraud by 85%
August 08, 2024  |  Artificial Intelligence

The landscape of payments fraud is undergoing a shift as traditional detection methods become increasingly inadequate against sophisticated fraud schemes. Get the Full Story Complete...

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Zest AI Launches Fraud Detection Solution
Zest AI Launches Fraud Detection Solution
August 07, 2024  |  Artificial Intelligence

Zest AI unveiled a tool to identify fraudulent activity during the loan decisioning process. Get the Full Story Complete the form to unlock this article...

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Report: CFPB Probe of Zelle Expected to Include BofA and Wells Fargo
Report: CFPB Probe of Zelle Expected to Include BofA and Wells Fargo
August 07, 2024  |  Fraud Prevention

The Consumer Financial Protection Bureau (CFPB) is reportedly looking into how some of the biggest U.S. banks handle complaints from customers who dispute transactions made through Zelle. Get...

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Galileo Says Wire Transfers Go Big and Go Digital With New APIs
Galileo Says Wire Transfers Go Big and Go Digital With New APIs
August 07, 2024  |  Faster Payments

If you were looking for another reason to appreciate core banking infrastructure, here it is. Get the Full Story Complete the form to unlock this...

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German Prosecutors Charge 2 Former Wirecard Executives With Embezzlement
German Prosecutors Charge 2 Former Wirecard Executives With Embezzlement
August 06, 2024  |  Security & Fraud

Four years after the collapse of online payments company Wirecard, German prosecutors have reportedly charged two more of the firm’s former executives. Get the Full...

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Axiad Raises $25 Million to Bolster ID Verification Offerings
Axiad Raises $25 Million to Bolster ID Verification Offerings
August 04, 2024  |  Security & Fraud

Identity security firm Axiad has raised $25 million in a new funding round. Get the Full Story Complete the form to unlock this article and...

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UK’s National Crime Agency Shuts Down Platform Enabling Scam Calls
UK’s National Crime Agency Shuts Down Platform Enabling Scam Calls
August 02, 2024  |  Security & Fraud

The United Kingdom’s National Crime Agency (NCA) reported Thursday (Aug. 1) that it shut down a platform that was used to make 1.8 million scam calls...

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Rewards Drive Mobile Wallet Use for One-Third of eCommerce Shoppers
Rewards Drive Mobile Wallet Use for One-Third of eCommerce Shoppers
August 01, 2024  |  Loyalty & Rewards

Rewards are a stronger draw for digital wallet users shopping via digital channels than those making purchases in person. Get the Full Story Complete the...

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Tokenization’s Rise Offers New Ways to Monetize Data and Real World Assets
Tokenization’s Rise Offers New Ways to Monetize Data and Real World Assets
August 01, 2024  |  Payments Innovation

The concept behind tokenization is simple. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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