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’s Payment Strategy Focuses on Fraud Detection, Instant Payments
UK’s Payment Strategy Focuses on Fraud Detection, Instant Payments
March 10, 2022  |  International

The United Kingdom continues developing its New Payment Architecture (NPA), which will allow financial institutions (FIs), payment providers and other players to access a new...

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As BNPL Takes Off, Fraudsters Step Up ‘Collusion Fraud’
As BNPL Takes Off, Fraudsters Step Up ‘Collusion Fraud’
March 10, 2022  |  Buy Now Pay Later

Any new payments vector, where hockey stick growth is apparent — up and to the right, of course — grabs the attention of fraudsters. Get...

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ACI Worldwide Launches Fraud Scoring for Financial Institutions
ACI Worldwide Launches Fraud Scoring for Financial Institutions
March 09, 2022  |  Fraud Prevention

Global real-time payments software firm ACI Worldwide is introducing a fraud scoring platform powered by machine learning to deliver real-time security and fraud prevention to...

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Biden’s Executive Order Set to Fast-Track Crypto Policy
Biden’s Executive Order Set to Fast-Track Crypto Policy
March 09, 2022  |  Cryptocurrency

Saying the “rise in digital assets creates an opportunity to reinforce American leadership in the global financial system and at the technological frontier,” President Joe...

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SEC Charges Siblings in $124M ‘Snake Oil’ Crypto Scam
SEC Charges Siblings in $124M ‘Snake Oil’ Crypto Scam
March 08, 2022  |  Cryptocurrency

The Securities and Exchange Commission said a brother-and-sister duo defrauded thousands of investors out of more than $124 million via two unregistered, fraudulent offerings of...

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Payment Card Verification Remains Leader Among Anti-Fraud Measures
Payment Card Verification Remains Leader Among Anti-Fraud Measures
March 07, 2022  |  Authentication

One of the most important parts of doing business with a new customer is verifying that that customer is who he or she claims to...

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P2P Fraud Battle Demands High-Tech Collaboration Between Banks and Customers
P2P Fraud Battle Demands High-Tech Collaboration Between Banks and Customers
March 07, 2022  |  Security & Fraud

That old Watergate adage to follow the money becomes well-nigh impossible in the digital age. Get the Full Story Complete the form to unlock this...

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Synthetic Identity Fraud Costs Businesses Billions Each Year, Data Shows
Synthetic Identity Fraud Costs Businesses Billions Each Year, Data Shows
March 03, 2022  |  Identity theft

While many corporations need to contend with identity fraud, a new version of this problem has arisen recently: synthetic identity fraud. Get the Full Story...

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FCA Warns Public on Consumer Investments Fraud
FCA Warns Public on Consumer Investments Fraud
March 03, 2022  |  Fraud Prevention

The Financial Conduct Authority (FCA) on Thursday (March 3) announced it will take “assertive action to tackle harm in the consumer investments market” and is...

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