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.

Tech Takes The Emotion Out Of Dispute Management
Tech Takes The Emotion Out Of Dispute Management
November 21, 2019  |  Credit Unions

Where there are credit card transactions, there are disputes. That’s especially true of transactions that happen in a card-not-present environment (as is increasingly the case),...

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Can AI Pass The Nike Test?
Can AI Pass The Nike Test?
November 20, 2019  |  Innovation

There is often a significant gap between efficiency and creativity, and that’s playing out now in the world of artificial intelligence (AI), and could have...

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How Scotiabank Manages Fraud Protection For A Data-Driven Future
How Scotiabank Manages Fraud Protection For A Data-Driven Future
November 20, 2019  |  Digital Banking

With more than 4.1 billion user credentials exposed in the first half of 2019 alone, financial institutions (FIs) are rushing to artificial intelligence (AI) to...

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How Wahlburgers Keeps Fraud Off The Order-Ahead Menu
How Wahlburgers Keeps Fraud Off The Order-Ahead Menu
November 20, 2019  |  Mobile Order Ahead

Mobile order-ahead has had an outsized impact on the entire restaurant industry, with a recent study finding that only 15 percent of restaurant meals are...

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Visa: Keeping Online Merchants Safe From The Pipka Skimmer
Visa: Keeping Online Merchants Safe From The Pipka Skimmer
November 20, 2019  |  VISA

A new version of the card skimmer resides on eCommerce checkout pages, where fraudsters steal consumers' data as it is entered. The newest sinister iteration...

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FinCEN Head Warns AML Crypto Rules Will Be Strictly Enforced
FinCEN Head Warns AML Crypto Rules Will Be Strictly Enforced
November 18, 2019  |  Regulation

Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco said on Friday (Nov. 15) that anti-money laundering (AML) laws will be strictly enforced in the...

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Corporates Brace For BEC Scam Ramp-Up
Corporates Brace For BEC Scam Ramp-Up
November 18, 2019  |  B2B Payments

Cybersecurity experts are warning that the next year, and beyond, will continue to present an elevated threat level to businesses at risk of payments fraud...

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‘Travel Rule’ To Force Crypto Exchanges To Share Customer Data
‘Travel Rule’ To Force Crypto Exchanges To Share Customer Data
November 15, 2019  |  Cryptocurrency

The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. 15) that the U.S. government is going to strictly oversee...

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Amid KYC/AML – And eCommerce – Biometrics Gain Support
Amid KYC/AML – And eCommerce – Biometrics Gain Support
November 14, 2019  |  Today In Data

Customers want speed and security when transacting online or with various FIs and merchants. The problem is that fraudsters have increasingly been crafting new ways...

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