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.

Trust and Data Give Credit Unions a Cost-Effective Edge When Fighting Fraud, Says PSCU
Trust and Data Give Credit Unions a Cost-Effective Edge When Fighting Fraud, Says PSCU
March 30, 2023  |  Security & Fraud

For financial institutions — credit unions, especially — fighting fraud is a nuanced battle. Karen Postma, managing vice president of risk analytics and fraud services...

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Bridge Millennials Want Payments Innovation as Long as It’s Secure
Bridge Millennials Want Payments Innovation as Long as It’s Secure
March 29, 2023  |  Security & Fraud

This second-to-last installment of PYMNTS’ generational mini-series takes a closer look at the digital habits and behavior of bridge millennials. The cusp generation known as...

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Open Banking Account Verification Builds the ‘Foundation’ for Fighting Fraud
Open Banking Account Verification Builds the ‘Foundation’ for Fighting Fraud
March 29, 2023  |  Fraud Prevention

The benefits of open banking are multi-faceted, Ramesh Menon, group director, product management of LSEG Digital Identity/Account Verification and Fraud Solutions, told PYMNTS. “Open banking,...

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CSI and Hawk:AI Partner on AI-Powered Anti-Fraud and AML Tools
CSI and Hawk:AI Partner on AI-Powered Anti-Fraud and AML Tools
March 28, 2023  |  Partnerships

CSI and Hawk:AI have partnered on artificial intelligence (AI)-powered tools to combat financial crimes. The new collaboration adds Hawk:AI’s anti-money laundering (AML) and fraud prevention...

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Visa Head of Fraud Services on Protecting Consumers From Hacker Scams
Visa Head of Fraud Services on Protecting Consumers From Hacker Scams
March 28, 2023  |  Fraud Prevention

The good news is that today’s payment landscape is becoming faster, easier, and more digital. The bad news is that fraudsters and cybercriminals are increasingly...

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Hindenburg Research Accuses Dorsey’s Block of ‘Wild West Approach’ to Compliance
Hindenburg Research Accuses Dorsey’s Block of ‘Wild West Approach’ to Compliance
March 23, 2023  |  Security & Fraud

Block saw its stock tumble Thursday (March 20) after a short seller accused it of misleading investors. A report by Hindenburg Research, which the firm...

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Alloy and Kyckr Streamline KYB Process for Banks and FinTechs
Alloy and Kyckr Streamline KYB Process for Banks and FinTechs
March 21, 2023  |  B2B Payments

Alloy and Kyckr have partnered on a know your business (KYB) solution. This collaboration adds Kyckr’s real-time KYB and Ultimate Beneficial Owner (UBO) data to...

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FTX Lawyers Sue to Keep Bahamian Unit Away From Assets
FTX Lawyers Sue to Keep Bahamian Unit Away From Assets
March 21, 2023  |  Legal

Lawyers for crypto exchange FTX are suing to keep its Bahamian affiliate out to sea. Not just because the bankrupt crypto firm was recently revealed...

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Card Scheme Tokens Emerge as Latest Payments Tool to Drive Sales of Digital Goods
Card Scheme Tokens Emerge as Latest Payments Tool to Drive Sales of Digital Goods
March 21, 2023  |  Payment Methods

As the digital goods and services market expands globally, merchants and their payment partners must figure out the ideal mix for each market, offering the...

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