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.
AI Needs Safety Standards and NIST Wants to Write Them
AI Needs Safety Standards and NIST Wants to Write Them
December 20, 2023  |  Artificial Intelligence

Despite its increasing popularity, generative artificial intelligence is still in its infancy. What happens now with the novel technology will be determined by what businesses...

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Nearly 70% of Consumers Want to Track Bill Payments Using an Everyday App
Nearly 70% of Consumers Want to Track Bill Payments Using an Everyday App
December 20, 2023  |  Connected Economy

In today’s fast-paced world, consumers are increasingly relying on various apps to meet their daily shopping and financial needs. However, the abundance of apps can...

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Businesses Can Hone Competitive Edge With Instant Payments
Businesses Can Hone Competitive Edge With Instant Payments
December 20, 2023  |  Faster Payments

Irfan Ahmad, managing director and head of U.S. payments GTS at Bank of America, said instant payments will get a lift from some of the...

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Anti-Fraud Measures Need to Work at the Speed of Instant Payments
Anti-Fraud Measures Need to Work at the Speed of Instant Payments
December 19, 2023  |  Real-Time Payments

The financial landscape is constantly in flux — and now it’s getting a little faster. As instant payments gain prominence, the strategies, challenges and potential...

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New Use Cases Needed to Drive Instant Payments Momentum Worldwide
New Use Cases Needed to Drive Instant Payments Momentum Worldwide
December 19, 2023  |  Real-Time Payments

Form3 CEO Dave Scola told PYMNTS that instant payments have a long way before they reach their full potential. “I’m not disappointed by the rates...

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VF Corporation Says Cyberattack Impacts Ability to Fulfill Orders
VF Corporation Says Cyberattack Impacts Ability to Fulfill Orders
December 18, 2023  |  Security & Fraud

VF Corporation, the owner of Vans, The North Face, Timberland and Dickies, is having trouble fulfilling orders after a Wednesday (Dec. 13) cyberattack. Consumers can...

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MongoDB Reports Security Breach of Its Database Management Company
MongoDB Reports Security Breach of Its Database Management Company
December 18, 2023  |  Security & Fraud

Database management firm MongoDB is investigating a security breach that exposed customer information. In an alert published on its website Saturday (Dec. 16), the company...

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AI’s First Year: How Voice Reshaped the Conversational Ecosystem
AI’s First Year: How Voice Reshaped the Conversational Ecosystem
December 18, 2023  |  artificial intelligence

We live during one of the most connected periods of human history. And that is a trend that is only set to accelerate, particularly now...

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A False Declined Payment Costs Merchants More Than a Sale
A False Declined Payment Costs Merchants More Than a Sale
December 18, 2023  |  eCommerce

A false decline is a legitimate card transaction that is ultimately denied, either by a bank or a merchant because it is mistakenly considered a...

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