fraud

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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 ?
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.
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.
Layered Approach: NuData Security has capabilities across all three layers of fraud detection prescribed in the Gartner 2014 Market Guide (Endpoint, Navigation, User & Account).
This unique, peer-to-peer forum represented an important opportunity to collaborate with leading financial institutions and really uncover their primary concerns," said Entrust's Terry Schoen, vice president of fraud detection and risk-based authentication solutions.
FDS is unique in achieving earlier, more accurate fraud detection.
PatternWatch is a fraud prevention service that uses pattern recognition techniques and fraud detection expertise to monitor loans, both pre and post funding, and identify subtle fraud patterns as they emerge in a portfolio.
We chose Fair Isaac's Falcon Fraud Manager based on its market-proven fraud detection performance and its ability to help preserve card issuers' trust in the integrity and security of our services.
MasterCard Worldwide today announced MasterCard Online Fraud Monitor[TM], a new advanced fraud detection and mitigation solution designed to enhance security for PIN debit transactions.
FraudGUARD is truly the most comprehensive fraud detection weapon on the market to protect lender and investor assets.
SQN Banking Systems, a leading provider of integrated fraud detection and process improvement products for the financial industry, and Parascript(R), LLC, the intelligent recognition technology provider, today announced the successful integration of a new image survivable security feature, SENTRY: Seal(TM), into one of the top five financial institutions in the world.