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.

52% of Gen Z and Millennial Consumers Say They Might Give Community Banks a Try
52% of Gen Z and Millennial Consumers Say They Might Give Community Banks a Try
October 02, 2024  |  Credit Unions

As digital banking transforms the financial landscape, community banks and credit unions (CUs) are poised to capture Generation Z and millennials. These digital natives are...

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AI Software Tools Could Streamline and Personalize the Commerce Experience
AI Software Tools Could Streamline and Personalize the Commerce Experience
October 01, 2024  |  Artificial Intelligence

The rise of artificial intelligence in software development is reshaping the commerce landscape, offering faster product launches and more personalized customer experiences. Qodo’s $40 million...

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Account Verification Is the Only Way to Build Trust in Pay-by-Bank World
Account Verification Is the Only Way to Build Trust in Pay-by-Bank World
October 01, 2024  |  Authentication

The promise of open banking is to foster a range of new products and services as banks link with FinTechs to use customer-permissioned data to...

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Manual Payments, Maximum Risk: How AP/AR Automation Beefs Up Security
Manual Payments, Maximum Risk: How AP/AR Automation Beefs Up Security
October 01, 2024  |  B2B Payments

Old-school manual B2B payments, particularly checks, are sitting ducks for fraudsters. Many organizations, particularly those in industries with long-established practices or fragmented environments, like construction,...

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New Approaches to Fraud Prevention Needed as Card Issuance Ecosystem Expands
New Approaches to Fraud Prevention Needed as Card Issuance Ecosystem Expands
September 30, 2024  |  Security & Fraud

The expanding ecosystem of card issuance demands a new approach to defending against fraud as criminals become more sophisticated and employ advanced technologies to steal...

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3 Reasons B2B Payments Data Is So Valuable
3 Reasons B2B Payments Data Is So Valuable
September 30, 2024  |  B2B Payments

In a digital-first B2B landscape, data is more than just numbers — it’s a secret weapon. And the secret is out: for businesses looking to...

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British Banks Split on Charging Fraud Reimbursement Fees
British Banks Split on Charging Fraud Reimbursement Fees
September 30, 2024  |  Banking

British lenders are reportedly divided over whether to charge scam victims under new fraud reimbursement rules. Beginning Oct. 7, banks in the U.K. will be...

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Fraudsters Attack B2B Payments as Supply Chains Prove to Be Vulnerable
Fraudsters Attack B2B Payments as Supply Chains Prove to Be Vulnerable
September 30, 2024  |  Security & Fraud

As the world of business payments continues to grow, so does the threat of fraud. While to the rest of the world, B2B payments represent...

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FDIC Consent Orders Show Internal and External Risk Exposure
FDIC Consent Orders Show Internal and External Risk Exposure
September 27, 2024  |  Security & Fraud

A spate of recent enforcement decisions from the FDIC underscores risks that banks face — external as well as internal ones, where employees have allegedly...

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