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.

Why Credit Unions Crush Loyalty
Why Credit Unions Crush Loyalty
March 28, 2019  |  Credit Unions

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UK Businesses Lost £93M Last Year Due To Invoice Fraud
UK Businesses Lost £93M Last Year Due To Invoice Fraud
March 25, 2019  |  B2B Payments

A new report has revealed that invoice fraud cost U.K. businesses £93 million ($122.8M USD) last year. But despite the losses, more than four in...

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Fixing The KYC And AML ‘Horse-and-Buggy’ Model
Fixing The KYC And AML ‘Horse-and-Buggy’ Model
March 25, 2019  |  Security & Fraud

Only 1 percent of proceeds from financial crimes are intercepted, which means the bad guys are getting away with hundreds of billions of dollars, even...

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iOffer Putting A Dent In The $1.5T Counterfeit Goods Business
iOffer Putting A Dent In The $1.5T Counterfeit Goods Business
March 22, 2019  |  Mastercard

In the U.S. and worldwide, counterfeiting is a large, lucrative business worth between $1.2 trillion and $1.5 trillion annually, according to the International AntiCounterfeiting Coalition...

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OECD Report: Rise In Counterfeit Goods Harms Global Economy
OECD Report: Rise In Counterfeit Goods Harms Global Economy
March 18, 2019  |  Security & Fraud

A new study by the Organisation for Economic Co-operation and Development (OECD) shows that trading in pirated and counterfeit goods has risen significantly, according to...

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Supremes Take On ID Fraud, Undocumented Immigrants
Supremes Take On ID Fraud, Undocumented Immigrants
March 18, 2019  |  Legal

The U.S. Supreme Court has agreed to hear arguments over states’ ability to prosecute illegal immigrants for identity theft if they use someone else’s Social Security...

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Tackling Fraud With P2P Payments
Tackling Fraud With P2P Payments
March 18, 2019  |  Today In Data

Companies are working to keep funds safe from bad actors as payments grow increasingly faster with person-to-person (P2P) solutions and real-time platforms. In addition, dollar...

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How Payroll Partakes In The Back-Office API Ecosystem
How Payroll Partakes In The Back-Office API Ecosystem
March 18, 2019  |  B2B Payments

An application programming interface (API) ecosystem isn’t only for the banking sector. Increasingly, the corporate back office has embraced API connectivity to achieve seamless data...

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