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.

WEX President: There’s an Urgent Need to Modernize Payment Systems for a Digital World
WEX President: There’s an Urgent Need to Modernize Payment Systems for a Digital World
April 10, 2025  |  B2B Payments

The business landscape hasn’t gotten the memo about moving entirely to digital payments. Despite technological advancements and increasing calls for modernization, progress in the migration...

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Metal Payment Cards Move From Luxury to Everyday as Fraud Fears Deepen
Metal Payment Cards Move From Luxury to Everyday as Fraud Fears Deepen
April 10, 2025  |  Fraud Prevention

For decades, consumers have been bombarded with security advice designed to keep their financial data safe. Yet, in a digital landscape increasingly fraught with sophisticated...

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Trust Multiplied: How Verified Data Platforms Strengthen Business Lending
Trust Multiplied: How Verified Data Platforms Strengthen Business Lending
April 09, 2025  |  Data

During the pandemic, the government extended a $1.2 trillion lifeline through the Paycheck Protection Program (PPP). Four years on, the sobering stats show that the...

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Fraudsters Use Generative AI Tools to Secure Remote Jobs
Fraudsters Use Generative AI Tools to Secure Remote Jobs
April 08, 2025  |  Fraud Attack

Generative AI tools are reportedly powering a new threat to companies: job seekers who aren’t who they say they are. Using artificial intelligence (AI) tools...

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Banks Say Debit Card and Check Fraud Attacks Are Gaining Momentum
Banks Say Debit Card and Check Fraud Attacks Are Gaining Momentum
April 08, 2025  |  Fraud Prevention

PYMNTS Intelligence data has detailed the continuing appeal of debit cards as preference for everyday spending, prized for convenience and as a way to spend...

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Hawk Raises $56 Million to Help Banks Counter Financial Crime
Hawk Raises $56 Million to Help Banks Counter Financial Crime
April 08, 2025  |  Fraud Prevention

Fraud and money laundering prevention provider Hawk has raised $56 million in new funding. The Germany-based company says its Series C round, announced Tuesday (April...

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From Fringe to Financial Infrastructure: How Blockchain Became Bankable
From Fringe to Financial Infrastructure: How Blockchain Became Bankable
April 07, 2025  |  Cryptocurrency

File this under things you couldn’t say two years ago: Blockchain technology is maturing, and its potential for compliant, mainstream use is growing. “Banks are...

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Validating Checking Accounts Gives the Good Guys a Chance
Validating Checking Accounts Gives the Good Guys a Chance
April 07, 2025  |  Security & Fraud

Late last year, PYMNTS Intelligence reported that 28% of payments executives were seeing an increase in fraud and risk management uncertainties, and a commensurate percentage...

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NICE Actimize Adds Agentic AI to Financial Crime Prevention Platform
NICE Actimize Adds Agentic AI to Financial Crime Prevention Platform
April 02, 2025  |  Artificial Intelligence

NICE Actimize added agentic AI capabilities to X-Sight ActOne, the company’s platform for fraud and financial crime prevention. Available through X-Sight ActOne’s InvestigateAI, the agentic...

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