fraud

(redirected from Fraud Detection)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia.

fraud

[frôd]
Etymology: L, fraudare, to cheat
(in law) the act of intentionally misleading or deceiving another person by any means so as to cause him or her legal injury, usually the loss of something valuable or the surrender of a legal right resulting from the action of that person on the misrepresentation.

fraud

Managed care The intentional misrepresentation or deception resulting in payment(s) for services not rendered or payment above that normally paid. See Medicaid fraud, Medicare fraud Patient care Dishonest practice; breach of confidence. See AIDS fraud, Health fraud. Cf Misrepresentation.

fraud

(frawd)
An act of deliberate deception performed to acquire an unlawful benefit, such as the improper coding of health services in a claim for payment.

fraud

(frawd)
An act of deliberate deception performed to acquire an unlawful benefit.

fraud,

n an intentional perversion of truth for the purpose of inducing another, in reliance on it, to part with something valuable or to surrender a legal right; deliberate deception; deceit; trickery.
References in periodicals archive ?
This market is segmented and forecast on the basis of components and deployments of the fraud detection systems market in the Asian region.
8220;By redeploying our powerful fraud detection software suite for these evolving threats,” Uhland said, “we can provide banks and credit unions with the cross-channel fraud detection they need at a cost they can afford.
For a demonstration of SQN's fraud detection software, contact Rachel Woodman, SQN Banking Systems' Director of Sales & Marketing, at 484-961-0490, or by emailing her at rwoodman@sqnbankingsystems.
Integrated Fraud Detection enables us to establish a set of parameters based on things such as dollar amount, check numbers and the wrong signature count," Cappy Payne, CFO at Guaranty Bond Bank, said.
By leveraging BasePoint's pattern recognition software and fraud detection expertise, lenders have yet another weapon in their arsenal to protect their customers and investors from mortgage fraud," said Grace.
Expert Monitoring System (EMS), MasterCard Alerts, and other state of the art fraud detection and network monitoring technologies, continuously help ensure the safety of every transaction, around the clock and around the world.
Used by 15 of the top 20 lenders, Interthinx combines its National Fraud Protection Database (NFPD), along with advanced technology and data collection, to offer the most comprehensive fraud detection system available.
Parascript's capability to recognize data from checks and other images is very valuable for fraud detection tasks," said Mike Fenton, vice president of sales and operations for Parascript.
Used by 15 of the top 20 lenders, Interthinx combines its National Fraud Protection Database (NFPD) along with advanced technology and data collection to offer the most comprehensive fraud detection system available.
Percept is the industry's first and only fraud monitoring product line that combines real-time traffic capture, identity-based fraud detection, analytics, forensics and reporting for a completely transparent solution to manage online fraud while not interfering with the application performance or the user experience.
Integrating the DISSCO and ValVerify fraud detection tools moves us closer to our goal of providing an ultra fast underwriting decision while simultaneously enhancing our fraud detection capabilities," said Marni Scott, senior vice president of underwriting at Flagstar Bancorp.