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.

Fusion Pulls Suppliers Into Its Corporate Risk Management Software

Fusion Pulls Suppliers Into Its Corporate Risk Management Software
Fusion Pulls Suppliers Into Its Corporate Risk Management Software
September 25, 2018  |  B2B Payments

Fusion Risk Management is expanding its corporate risk management software offering by integrating new functionality into the tool, the company said in a press release on...

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Paytm Tests Biometrics For Digital Payments
Paytm Tests Biometrics For Digital Payments
September 25, 2018  |  Digital Payments

Paytm has started working on a facial recognition tool to enable digital payments. According to The Economic Times, the company plans to expand the feature...

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Why Credit Unions Should Talk The Fraud Prevention Talk
Why Credit Unions Should Talk The Fraud Prevention Talk
September 25, 2018  |  Credit Unions

When it comes to how consumers think about where their funds are the safest, large banks can benefit from somewhat of a perception gap. The...

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Deep Dive: Fighting Fraud With AI And Machine Learning
Deep Dive: Fighting Fraud With AI And Machine Learning
September 24, 2018  |  Security & Fraud

In the inaugural Digital Fraud Tracker, PYMNTS takes a deep dive into the world of cybercrime, exploring the latest attack methods employed by fraudsters, and...

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Accentuating The Payments Positives, Eliminating The Negative
Accentuating The Payments Positives, Eliminating The Negative
September 21, 2018  |  Today In Data

High-pressure systems often have bad news to share. In payments, data theft is going nowhere: In fact, it is expected to be an explosive growth...

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FBI Sets Sights On Payroll Fraud Scheme
FBI Sets Sights On Payroll Fraud Scheme
September 21, 2018  |  B2B Payments

Payroll fraud is underway, according to the FBI's "IC3" division, targeting employees in a number of verticals. The key method is phishing. Elsewhere, Europol warns...

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Christmas In September? Holiday Fraud Planning Is In Full Takeover Mode
Christmas In September? Holiday Fraud Planning Is In Full Takeover Mode
September 21, 2018  |  Security & Fraud

The criminals have already started. They are buying fraud tutorials and data from other criminals online. They are eyeing juicy targets such as gift cards...

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How Ally Balances Convenience And Risk
How Ally Balances Convenience And Risk
September 21, 2018  |  Security & Fraud

For digital-only banks, offering convenience and maintaining top-notch security is a delicate balance. One technique, according to Anand Talwar, deposits executive for Ally Bank, is...

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Five At Five: Amazon Makes A Big Grocery Move
Five At Five: Amazon Makes A Big Grocery Move
September 20, 2018  |  News

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest about eCommerce and payments in...

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