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.

An Industry Insider on the Growing Importance of Compliance in Bank-FinTech Relationships
An Industry Insider on the Growing Importance of Compliance in Bank-FinTech Relationships
June 05, 2023  |  Banking

Nearly all banks view FinTech partnerships as important, but the partnership dynamics will be put to the test as new open banking regulations go into...

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Uber Freight Says Digital Payments Help Transportation Firms Battle Rising Tide of Fraud
Uber Freight Says Digital Payments Help Transportation Firms Battle Rising Tide of Fraud
June 01, 2023  |  B2B Payments

Amid the great digital shift, and in the post-pandemic world, the transportation industry is undergoing significant changes. With those changes come new vulnerabilities that need...

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Combating the Rising Tide of CNP Fraud
Combating the Rising Tide of CNP Fraud
May 31, 2023  |  Fraud Prevention

Six in 10 banks plan to increase their IT spending on fraud management in 2023, including cutting-edge solutions to help with push payments fraud. But...

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Report: FTX Collapse Triggered 41% Spike in UK Crypto Fraud
Report: FTX Collapse Triggered 41% Spike in UK Crypto Fraud
May 30, 2023  |  Security & Fraud

The value of U.K. cryptocurrency fraud hit a record high following the collapse of FTX. That’s according to a recent report by law firm RPC,...

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Deepfakes Are Biggest AI-Related Threat, Says Microsoft President
Deepfakes Are Biggest AI-Related Threat, Says Microsoft President
May 25, 2023  |  artificial intelligence

The president of Microsoft says deepfakes are his biggest AI-related worry. Speaking Thursday (May 25) in Washington on how to regulate artificial intelligence (AI), Brad...

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64% of FIs Report Increases in Fraud Attacks on Credit and Debit Cards 
64% of FIs Report Increases in Fraud Attacks on Credit and Debit Cards 
May 25, 2023  |  Security & Fraud

The heated battle between fraudsters and financial institutions (FIs) got hotter during the pandemic-era run-up in eCommerce and the use of alternative payment methods. This...

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CFPB: Citizens Bank to Pay $9 Million Fine Over Credit Card Billing Errors
CFPB: Citizens Bank to Pay $9 Million Fine Over Credit Card Billing Errors
May 23, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) and Citizens Financial Group have reached a settlement on a CFPB complaint. Citizens will pay a $9 million civil money penalty to resolve CFPB’s allegations...

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Stytch Launches Authentication Solution for B2B Products and Applications
Stytch Launches Authentication Solution for B2B Products and Applications
May 23, 2023  |  B2B Payments

Stytch has added B2B authentication to its platform that already provides B2C authentication. This new offering enables businesses to add authentication to their B2B products...

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Half of Merchants Say Managing the Cost of Chargebacks Is Their Biggest Problem
Half of Merchants Say Managing the Cost of Chargebacks Is Their Biggest Problem
May 22, 2023  |  Fraud Prevention

When half of merchants report wrestling with their most costly and contentious problem, it demands attention. Chargebacks are just such an issue and one that...

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