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.

UK Sees 13% YoY Drop In H1 Fraud Losses As In-Person Scams Surge

UK Sees 13% YoY Drop In H1 Fraud Losses As In-Person Scams Surge
UK Sees 13% YoY Drop In H1 Fraud Losses As In-Person Scams Surge
October 18, 2022  |  Security & Fraud

In the never-ending cat-and-mouse game between those looking to defraud consumers and others looking to protect them, the advent of enhanced Strong Customer Authentication (SCA)...

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CFPB: Active Network Duped Users Into $300M in Junk Fees
CFPB: Active Network Duped Users Into $300M in Junk Fees
October 18, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has sued Active Network, saying the online event registration company duped people into signing up for its discount subscription...

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Featurespace, Global Processing Services Team to Detect Issuer Payments Fraud
Featurespace, Global Processing Services Team to Detect Issuer Payments Fraud
October 18, 2022  |  Partnerships

Payments technology company Global Processing Services (GPS) is advancing its fraud detection capabilities through a new collaboration with fraud detection and risk management firm Featurespace....

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95% of FIs Tap Power of Receipt Data
95% of FIs Tap Power of Receipt Data
October 17, 2022  |  Data

Receipts aren’t just pieces of paper that end up at the bottom of your shopping bag. Get the Full Story Complete the form to unlock...

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Today in Crypto: High School Hacker to Pay $22M in AT&T Case
Today in Crypto: High School Hacker to Pay $22M in AT&T Case
October 16, 2022  |  Cryptocurrency

Twenty-year-old crypto hacker Ellis Pinsky will have to pay $22 million to the victim of his scheme, crypto investor Michael Terpin, Coindesk wrote. Get the...

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AI Provides Context Needed to Help Banks Stop Financial Scams
AI Provides Context Needed to Help Banks Stop Financial Scams
October 13, 2022  |  Security & Fraud

In a recent conversation with Karen Webster, Featurespace Founder Dave Excell and MidFirst Bank Vice President and Director of Enterprise Fraud Candler Eve sounded the...

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Experts Say Digital Makeover of Receivables Yields Returns Beyond AR
Experts Say Digital Makeover of Receivables Yields Returns Beyond AR
October 11, 2022  |  Innovation

The pandemic ushered in a receivables revolution as disruption forced an “innovate or perish” urgency in cash management, money movement, payout options and related fraud...

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CFOs Bring New Risk Mindset to Digitization 3 Years After Urgent COVID Shutdown 
CFOs Bring New Risk Mindset to Digitization 3 Years After Urgent COVID Shutdown 
October 10, 2022  |  B2B Payments

With any luck, there will never be another end-of-the-world business shutdown moment like that which was seen in March 2020, where companies large and small...

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Financial Scams up the Ante for FI Investment in AI-Powered Tools
Financial Scams up the Ante for FI Investment in AI-Powered Tools
October 10, 2022  |  B2B Payments

Something’s got to give, as the old song goes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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