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.
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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Scienaptic AI and SentiLink Enhance Fraud Detection Tool Partnership
Scienaptic AI and SentiLink Enhance Fraud Detection Tool Partnership
December 18, 2023  |  Artificial Intelligence

Scienaptic AI and SentiLink enhanced their product partnership to provide credit unions and lenders with artificial intelligence-powered fraud detection capabilities. The fraud detection tools will...

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Small Businesses See Instant Payments as Vital Cash Flow Boost
Small Businesses See Instant Payments as Vital Cash Flow Boost
December 18, 2023  |  Real-Time Payments

Enigma Technologies Co-founder and CEO Hicham Oudghiri said the ecosystem surrounding instant payments is complex. “When it comes to instant payments, everyone has their own...

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Fraudsters Cook Up Slicker Recipes as More Transactions Move Online
Fraudsters Cook Up Slicker Recipes as More Transactions Move Online
December 18, 2023  |  Fraud Attack

Financial fraud remains a persistent challenge across industries, and its threat is further sharpened by technological complexity and the growing sophistication of bad actors.  “Fraud...

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Meta Apologizes for Fraudulent Ads Featuring Billionaire Wissam Al Mana
Meta Apologizes for Fraudulent Ads Featuring Billionaire Wissam Al Mana
December 15, 2023  |  Meta

Qatari billionaire Wissam Al Mana reportedly emerged victorious in a legal battle against Meta over the unauthorized use of his image in cryptocurrency scam advertisements...

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