FICO

MAY 25, 2017

million digital records exposed the dark deeds of dirty money and tax evasion and burst the bubble of pretense that the world is effective at dealing with corruption. One in five banks in Asia Pacific say that they expect tax evasion to increase 100 to 500 percent over last year’s levels according to a recent poll by FICO.

Taxes 40

Taxes Survey Compliance Regional 40

PYMNTS

OCTOBER 4, 2017

In a press release, Trulioo said the tool can help verify if a business is real in order to enable companies to detect cybercrime, fraud and other criminal activity, like tax evasion or money laundering. Trulioo , the global identification company, announced news on Wednesday (Oct.

Tools 116

Tools Company Fraud Compliance 116

PYMNTS

FEBRUARY 2, 2018

tax laws had on other firms recently reporting results, Mastercard put up numbers Thursday (Feb. and abroad, the company reported during a conference call with analysts. Excluding the aforementioned tax impact, earnings per share came in at $1.14, two pennies better than Wall Street expectations. Without the U.S.,

Taxes 100

Taxes cryptocurrency Regional Branding 100

PYMNTS

OCTOBER 22, 2018

And New England isn’t the only place enjoying the autumn chill as it sets in — although we are perhaps enjoying it more colorfully with the region’s famed foliage. The report excluded data on shop-at-home purchases and includes information about frauds reportedly directly to the FTC between January and September of this year.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

OCTOBER 10, 2017

Digitization of B2B payments is on the rise, but the trend is challenged by discrepancies across geographic markets, according to the latest World Payments Report by Capgemini and BNP Paribas. The 2017 report , released Monday (Oct. Regional Trends. percent between 2015 and 2020 — significantly lower than the 11.2

Payments 124

Payments Regional America Trends 124

PYMNTS

JULY 22, 2019

KeyBank’s Costly Payroll Fraud Problem . Regional banking force KeyCorp disclosed a massive fraud that could potentially cost as much as $90 million – according to reporting out of CNBC last week. A loss for KeyCorp – but by far not the weeks’ biggest, or most explosive case of fraud. Starting with.

Data 100

Data Security Fraud Indiana 100

PYMNTS

MARCH 4, 2019

Nordea, the biggest bank in the Nordic region, is being accused of handling millions of dollars in suspicious transactions for several years. It’s not clear from the report if Nordea faces any ties to the money laundering scandal in Estonia that has ensnared rivals Swedbank and Danske Bank , the news outlet said.

Virgin Islands 116

Virgin Islands Taxes Regulation Regional 116

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. Local officials are hoping to use blockchain to improve public services and boost transparency.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

JANUARY 6, 2017

It never takes long for cybercriminals to find new avenues to perpetrate fraud. Fraud On The Line. According a report from the New York Times highlighting the scams , the Federal Trade Commission was recently alerted to a scam in which everyone in a particular call center was impersonating Internal Revenue Service officials.

Video 133

Video Fraud Security social media 133

PYMNTS

OCTOBER 7, 2020

Money launderers deploy numerous schemes — including transaction laundering and launching front companies — to process and hide their funds from payment providers and law enforcement officials, but payments processors are responding with new technologies that hunt down and report their deeds. How Payment Providers Stop Money Laundering.

Payments 171

Payments Analytics Online Retail 171

PYMNTS

DECEMBER 11, 2019

Yet a new report from Intuit Quickbooks suggests many small to medium-sized businesses (SMBs) may not even be aware of this banking revolution. Recent reports in Accountancy Age said SMBs are largely unaware of open banking, with Intuit Quickbooks finding in a survey of U.K. Eika Group, EedenBull Team for Banks.

Fintech 132

Fintech Groups Data Strategy 132

PYMNTS

MARCH 22, 2018

At Mastercard, he created and structured a business where he served as president of Mastercard’s Europe, Middle East, Africa and Canada regions until his appointment as president and CEO. According to Equifax , Selander served as president and CEO of Mastercard from 1997 until 2010.

Puerto Rico 101

Puerto Rico United States Leadership Data 101

PYMNTS

MAY 23, 2017

Perhaps even more surprising, TMF’s report found, there is more at play to this trend than U.S. TMF released its report “ Venture Further — What drives international expansion and investment by U.S. Written in conjunction with Forbes, the report, which surveyed C-Suite executives from U.S. businesses?” is extremely low.”. “In

US 100

US Compliance Taxes Trends 100

PYMNTS

DECEMBER 8, 2016

Not so for other parts of the world: Government mandates are looking to reduce corruption and fraud and enhance reporting capabilities through eInvoicing requirements. Earlier this year, Billentis released its 2016 eInvoicing: Digitization & Automation report and found that paper invoices continue to reign in the U.S.

Compliance 100

Compliance Regulation Taxes Fraud 100

PYMNTS

MARCH 29, 2018

CEO Mark Bishopp reported that the startup has completed its certification with Vantiv, enabling it to move to the next stage of growth: gaining clients and volume. Emailage stopped almost twice as much potential fraud in 2017 as in the previous year. billion in potential fraud was prevented, compared to last year’s $1 billion.

cryptocurrency 109

cryptocurrency Regional Bitcoin Cards 109

PYMNTS

FEBRUARY 15, 2019

By Wednesday, according to reports in Bloomberg , meetings were in still in progress in the governor’s office with state officials, union leaders and Amazon representatives. Card-present fraud slides, again: Continued traction is evident in the fight against fraud at the register.

New York 115

New York New York City Virginia Nashville 115

FICO

FEBRUARY 27, 2019

Recent Asian money laundering scandals continue to shake up the financial world, and the ripple effect is still keenly felt across the region. To add to the concern, new types of transactions outside of banking are emerging as money laundering risks in the region. Latest Reports Name FICO TONBELLER a Leader in AML, KYC.

Compliance 45

Compliance Regional Survey Analytics 45

PYMNTS

MAY 27, 2016

Konfio links microbusinesses in the region to financing. The funding was led by Accion Frontier Inclusion Fund, with participation from Quona Capital, QED Investors, Kaszek Ventures and Jaguar Ventures, reports said. “We will have more partnerships with banks to help with services like fraud and online payment protection.”

Capital 100

Capital Management Taxes Security 100

CB Insights

FEBRUARY 13, 2020

In this report, we dive into Stripe’s unique strategy, growth trajectory, product set, and where the $35B payments giant sees the global online commerce market heading next. Fraud prevention tools. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. Get the full report.

Online 98

Online Company Retail Payments 98

Jeff For Banks

NOVEMBER 24, 2019

billion in assets, had 87 full-time equivalent employees, and accounted for two-thirds of the town's tax revenue. Another depressed town due to the general economic malaise that bedraggled the region when the steelmaking industry moved elsewhere. In 1998, its last full reporting year, it had net income of $69 million.

National 78

National West Virginia Virginia Pennsylvania 78

PYMNTS

MAY 12, 2017

The cross-border B2B payments market, on the other hand, is fraught with friction, despite being much larger in size — accounting for nearly 80 percent of global cross-border payment revenue, according to a 2016 report by McKinsey & Company.

Payments 109

Payments Compliance Guidelines Comparison 109

PYMNTS

JANUARY 31, 2020

That theme was apparent in both sets of news reports out of China this week: with movement of both the best kind in the form of expanded commerce capacity and movement of the not so good kind, namely the increasingly large footprint of the Wuhan coronavirus and the uncertainty it carries in its wake. “It million users in the U.K.

Bitcoin 100

Bitcoin Payments Los Angeles blockchain 100

FICO

DECEMBER 21, 2016

Just as in adjacent spaces — fraud, cybersecurity — analytics help investigators pick the most suspicious activities based on study of a wide range of factors. Today, it’s really only Tier 1 banks that use analytics in AML, KYC and tax compliance areas. We expect that to change. We will see the next Panama Papers revelations.

Compliance 40

Compliance Analytics Taxes Groups 40

Abrigo

MARCH 3, 2021

While the typologies of EIP fraud are not new, FinCEN has provided examples of trending types of EIP-related criminal activities. . Takeaway 1 FinCEN has provided examples of the trending types of EIP fraud. . Takeaway 3 FinCEN has requested specific SAR filing instructions for EIP fraud. . Red flags for EIP fraud.

Fraud 195

Fraud Payments ATM Trends 195

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud. Here are excerpts.

Fraud 52

Fraud Cards Report Analytics 52

CB Insights

MAY 23, 2019

Download the full 25-page report. Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. And others disappear forever.

Fraud 78

Fraud Las Vegas Company Video 78

FICO

MAY 27, 2021

These typically reference the largest of the local delivery companies or even the central mailing services within the attack region. Like many modern card and e-commerce frauds, the scam itself contains a range of attack vectors in a single place. Example from FedEx Recognize & Report Fraud page. . The Financial Gain.

How To 98

How To Fraud Examples Report 98

CB Insights

OCTOBER 10, 2018

DOWNLOAD THE 61-PAGE consumer banking REPORT. Existing startups like the UK’s Revolut are also looking to expand in the region. In Brazil, Neon crossed 600K reported customers in May after the Brazilian Central Bank liquidated the startup’s credit provider, Banco Neon. Why now for digital banking startups.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

DECEMBER 30, 2020

Buyers, he said, get a report from their banks with details of how, where, and when each transaction was settled. Automating card data collection and processing and single-use virtual cards also reduce the potential for fraud, as staff are never exposed to card data and the scope for storing sensitive card information is eliminated.

Cards 262

Cards Regional Payments Data 262

PYMNTS

JANUARY 1, 2021

This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and commerce business. The year-over-year increase in cross-border online sales was even more dramatic in other regions. Buy Now, Pay Later. Credit Union.

Trends 259

Trends Video Retail Payments 259

CB Insights

OCTOBER 26, 2020

Despite this, the Wall Street Journal reported that Morgan Stanley, Goldman Sachs, and the company’s other underwriters made $175M in fees. When Facebook wanted to go public, it convinced Morgan Stanley, Goldman Sachs, and others to accept a reported fee of just 1.1%. get the full REPORT. In 2017, startups raised $5.6B

Management 78

Management Capital Company Marketing 78

FICO

MARCH 6, 2020

With the acquisition of Tonbeller in 2015, FICO expanded its fraud portfolio and moved into the growing market for financial crime and compliance solutions to bring the benefits of advanced analytics to a field dominated by rule-based systems. Fraud and money-laundering are closely connected. Can you elaborate on that?

Compliance 81

Compliance Technology Fraud Analytics 81

PYMNTS

AUGUST 5, 2019

Merchants’ financial institutions (FIs) or payment processors are no doubt well aware that adhering to today’s stricter anti-money laundering (AML) regulations, tax evasion laws and economic sanctions — while simultaneously combatting cyber fraud — all add to these transactions’ complexity and expense.

Payments 115

Payments Compliance Operations System 115

PYMNTS

JUNE 23, 2016

Last month, Indonesia announced plans to track down all credit card transactions in an effort to curb rampant tax evasion. According to reports from the Indonesian Central Bank, the credit card transaction volume dropped by 4 percent (or 2 million transactions) from the month before, reverting to a volume last seen six years ago.

ATM 102

ATM Cards Analysis Trends 102

Fintech Labs Insights

JULY 16, 2015

BehavioSec’s BehavioMobile offers fraud detection by monitoring device rhythm and interaction patterns that are unique to each end user. DAVO Technologies’ automated technology solution solves small-to-mid-sized merchants’ sales tax pain points.

Company 12

Company Mobile Software Big Data 12

PYMNTS

JULY 15, 2019

We have to understand what they really want: protecting consumers, avoiding fraud, avoiding terrorism financing, avoiding money launderers. The reality, Cuban noted, is that Libra could be a dangerously destabilizing factor in some regions where it is proposed for use. “I The group of nations that comprise the G7 (the U.S.,

Regulation 100

Regulation cryptocurrency Policies blockchain 100

CB Insights

OCTOBER 31, 2017

Pearl’s demise was first reported by Axios. East-West Digital News reported on how international sanctions, mismanagement, and strategic missteps contributed to the failure of this Russian e-commerce platform that had raised $81M in disclosed funding. Product: Fresco News ‘ social reporting platform. Read more here.

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Company US San Francisco Capital 78