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.

The Three Things Merchants Are Doing to Fight Fraud in 2023
The Three Things Merchants Are Doing to Fight Fraud in 2023
February 17, 2023  |  Opinion

Combining data, technology and strategy is the best way to combat fraud and support revenue, Wendi Lete, chief customer experience officer at Kount, writes in...

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Crypto’s Lapses Hold Big Industry Lessons
Crypto’s Lapses Hold Big Industry Lessons
February 16, 2023  |  Cryptocurrency

For the cryptocurrency industry to grow, sector foibles can’t keep looking so avoidable in retrospect. This, as a recent class action lawsuit filed in California...

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Consumers’ Trust in PayPal and Amazon to Store Credentials Grows, Putting Banks on Notice
Consumers’ Trust in PayPal and Amazon to Store Credentials Grows, Putting Banks on Notice
February 16, 2023  |  Security & Fraud

Consumers’ faith in their primary banks’ ability to store sensitive information safely may be slipping. Trust and security have long been key loyalty drivers for...

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Debate Over UK Fraud Refund Rules Heats Up
Debate Over UK Fraud Refund Rules Heats Up
February 15, 2023  |  Bank Regulation

Regulators in the U.K. are preparing to mandate that banks reimburse victims of APP fraud. Leading the charge, the Payment Systems Regulator (PSR) has drawn...

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Lawyers Say Bankman-Fried Needed VPN to Watch Super Bowl LVII
Lawyers Say Bankman-Fried Needed VPN to Watch Super Bowl LVII
February 15, 2023  |  Legal

House arrest isn’t getting any sweeter for disgraced FTX crypto founder Sam Bankman-Fried. While the 2023 Super Bowl was notably absent crypto advertisements this year,...

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TCH Says AI Bridges Payments Innovation Gap Between Banks and Merchants
TCH Says AI Bridges Payments Innovation Gap Between Banks and Merchants
February 15, 2023  |  Artificial Intelligence

Artificial intelligence (AI) is gearing up to transform payments and commerce. Peter Davey, senior vice president and head of product innovation and labs at The...

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Bankman-Fried SEC Case Postponed Until After Criminal Trial
Bankman-Fried SEC Case Postponed Until After Criminal Trial
February 14, 2023  |  Legal

The federal government’s civil cases against Sam Bankman-Fried are on hold, at least for now. A court ruling Monday (Feb. 13) postponed lawsuits by the...

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How AI Use Cases in Payments Are Moving Beyond Fraud
How AI Use Cases in Payments Are Moving Beyond Fraud
February 14, 2023  |  artificial intelligence

As artificial intelligence (AI) gets smarter — as it’s designed to do over time and as usage increases — there are more places in the...

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Users’ Habits Weaken Password Managers, Opening Door for Advanced ID Tools
Users’ Habits Weaken Password Managers, Opening Door for Advanced ID Tools
February 13, 2023  |  Authentication

Password managers were a good start in getting users to tighten their internet security, but ultimately, consumers’ behavioral habits may instead have set the stage...

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