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.

Priceline Uses AI To Stop Fraudsters In Their Tracks

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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
FTC Refunding $2.6M To Companies Duped By A-1 Janitorial
FTC Refunding $2.6M To Companies Duped By A-1 Janitorial
December 17, 2019  |  Security & Fraud

The Federal Trade Commission (FTC) is refunding over $2.6 million to small businesses that were scammed by A-1 Janitorial, a New York-based office supply company,...

READ MORE >
BIS Looks For ‘Prudential’ Crypto Rules
BIS Looks For ‘Prudential’ Crypto Rules
December 17, 2019  |  Bank Regulation

The Basel Committee has said in a paper that a “prudential” regulatory framework should be constructed by stakeholders in a bid to address concerns over...

READ MORE >
Deep Dive: How The Challenger Bank Technology Gap Is Helping Fraudsters
Deep Dive: How The Challenger Bank Technology Gap Is Helping Fraudsters
December 17, 2019  |  Digital Banking

Fraudsters are approaching their less-than-ethical business models with healthy work ethics. Headlines are filled with reports of service outages and data breaches, and both banks...

READ MORE >
Caribou Coffee Spills The Beans On Customer Loyalty In The Mobile Age
Caribou Coffee Spills The Beans On Customer Loyalty In The Mobile Age
December 17, 2019  |  Mobile Order Ahead

Consumers’ preference for mobile order-ahead is now driving how physical restaurants are designed and renovated. Nowhere is this change more pronounced than in the coffee...

READ MORE >