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.

Singapore Responds to ‘Strong Interest’ in Asset Tokenization
Singapore Responds to ‘Strong Interest’ in Asset Tokenization
November 04, 2024  |  Blockchain

Singapore’s banking regulator announced plans to promote tokenization in the financial services industry. The Monetary Authority of Singapore (MAS) said the effort will include deepening...

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Making Sense of Your Company’s B2B Payments Data
Making Sense of Your Company’s B2B Payments Data
November 01, 2024  |  B2B Payments

For most of its history, payments data has been primarily paper-based. This relegated B2B payments data to mere record-keeping minutiae and made the task of...

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Visa Reports More Than 500 Generative AI Applications
Visa Reports More Than 500 Generative AI Applications
November 01, 2024  |  Artificial Intelligence

Visa reportedly uses more than 500 generative artificial intelligence applications and is looking to add more. The company aims to gain the benefits of the...

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Securing the Cyber Perimeter Starts With Safeguarding Corporate Emails
Securing the Cyber Perimeter Starts With Safeguarding Corporate Emails
November 01, 2024  |  Cybersecurity

Corporate email accounts are among the most exploitable entry points for scammers. Phishing, ransomware and business email compromise (BEC) attacks cost companies billions of dollars...

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Mastercard: Contactless Payments Now 70% of Face-to-Face Transactions
Mastercard: Contactless Payments Now 70% of Face-to-Face Transactions
October 31, 2024  |  Mastercard

Mastercard’s third-quarter earnings results demonstrated that consumers are still spending, and sentiment is healthy amid a resilient labor market and the Federal Reserve’s September cuts...

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Thredd Rolls Out Compliance and Risk Management Tools
Thredd Rolls Out Compliance and Risk Management Tools
October 31, 2024  |  Security & Fraud

Payments processor Thredd introduced a suite of compliance and risk management services. The new offerings are designed to help FinTechs, program managers and their bank...

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Bank of America May Ask Courts to Resolve CFPB Zelle Investigation
Bank of America May Ask Courts to Resolve CFPB Zelle Investigation
October 30, 2024  |  Banking

Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle...

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FTX Engineering Chief Gets Probation in Crypto Fraud Case
FTX Engineering Chief Gets Probation in Crypto Fraud Case
October 30, 2024  |  Legal

One-time FTX executive Nishad Singh was sentenced to three years of supervised release — with no prison time — Wednesday (Oct. 30) afternoon. Before announcing the...

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Data-Driven Defense: Discover Global Network Focuses on Brand Integrity
Data-Driven Defense: Discover Global Network Focuses on Brand Integrity
October 30, 2024  |  Security & Fraud

In payments, mitigating fraud and risk is essential. Fraud is growing, and access to advanced tools helps fraudsters exploit payments vulnerabilities. Companies must prioritize robust...

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