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.

Top News In Payments: Facebook Is Developing Its Own OS; PayPal Acquires 70 Pct Stake In China’s GoPay

Top News In Payments: Facebook Is Developing Its Own OS; PayPal Acquires 70 Pct Stake In China’s GoPay
Top News In Payments: Facebook Is Developing Its Own OS; PayPal Acquires 70 Pct Stake...
December 20, 2019  |  News

In today’s top news, Facebook is developing its own operating system to increase its independence, and PayPal is acquiring a 70 percent stake in China’s...

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American Airlines And Citi Crack Down On Account Abuse
American Airlines And Citi Crack Down On Account Abuse
December 20, 2019  |  Loyalty & Rewards

Citi and American Airlines have cracked down on customers they say are abusing the airline’s rewards program, signing up for multiple accounts fraudulently just to...

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Digital Fraud And AI Battle To The Death
Digital Fraud And AI Battle To The Death
December 20, 2019  |  Fraud Prevention

All in all, cybercriminals had a pretty good year. In Q3 2019 alone they made off with cryptocurrency valued at almost $4.5 billion. More than...

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Mobile Order-Ahead Delivered The Goods In 2019
Mobile Order-Ahead Delivered The Goods In 2019
December 20, 2019  |  Mobile Order Ahead

“It was the best of times, it was the worst of times.” That famous literary opener could apply to the mobile order-ahead (MOA) space in...

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Priceline Uses AI To Stop Fraudsters In Their Tracks
Priceline Uses AI To Stop Fraudsters In Their Tracks
December 19, 2019  |  Fraud Prevention

The $755 billion online travel industry is a honeypot for bad actors looking to use stolen payment credentials to purchase vacation packages and resell them...

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How Open Banking, Faster Payments Change Banks’ Fraud Threat
How Open Banking, Faster Payments Change Banks’ Fraud Threat
December 19, 2019  |  B2B Payments

An explosion of FinTech innovation has jump-started traditional financial institutions’ (FIs) digitization efforts. M&A initiatives and partnerships, Open Banking business models and data integrations, and...

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When The Text Message From The Bank Isn’t From The Bank
When The Text Message From The Bank Isn’t From The Bank
December 19, 2019  |  Security & Fraud

In business – and especially in financial services and banking – trust is built up over decades, and can be destroyed in an instant. Get...

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Top News In Payments: Open Banking Could Expand In UK; Goldman Leads $1.75B Credit Line For WeWork
Top News In Payments: Open Banking Could Expand In UK; Goldman Leads $1.75B Credit Line...
December 18, 2019  |  News

In today’s top payments news, the Financial Conduct Authority proposed new data sharing rules to expand open banking in the U.K., and WeWork received $1.75...

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Caribou Coffee Doubles Down On Customer-Driven Mobile Innovations
Caribou Coffee Doubles Down On Customer-Driven Mobile Innovations
December 18, 2019  |  Mobile Order Ahead

Coffee chains have been on the cutting edge of mobile order-ahead, offering generous loyalty incentives and lightning-fast pickup. But staying competitive means constant adjustment to...

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