PYMNTS

JANUARY 24, 2021

Business software maker Cygnet Infotech has updated its FACE ( Financial Accounting Comprehensive and Easy ) accounting software platform, according to a published report. India uses its Invoice Registration Portal to track business activity and ensure compliance with tax laws.

Taxes 178

Taxes Compliance Software Fraud 178

Abrigo

AUGUST 19, 2020

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. COVID-19-related fraud schemes are escalating at an alarming rate. How can your transaction monitoring system detect trending COVID-19 related fraud?

Fraud 195

Fraud System Trends Software 195

PYMNTS

NOVEMBER 26, 2019

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. .

Taxes 141

Taxes South Dakota District of Columbia Compliance 141

PYMNTS

AUGUST 12, 2020

Venezuela may be going forward with a plan to allow the use of the Petro (PTR) cryptocurrency to pay taxes, according to Cointelegraph. The software would cost $10.4 Ackerman is accused of wire fraud, and if convicted, he could face up to 20 years in prison and be fined $250,000.

Taxes 160

Taxes Bitcoin cryptocurrency New York 160

PYMNTS

JULY 15, 2019

In Australia, a new report shows just how widespread internal fraud in the Commonwealth, aimed at government agencies, has become. This past week it was reported that, per an investigation by the Australian Institute of Criminology, such fraud amounted to $42 million over the past year. Grayson Jr., owner of Zealcon Corp.,

Fraud 109

Fraud Cards Taxes Payments 109

PYMNTS

SEPTEMBER 12, 2019

FIs and FinTechs increasingly encounter new forms of fraud as they expand their digital operations, making it all the more important that they have strong risk assessment and compliance systems in place. A team of analysts can only handle so many potential fraud cases at a time, after all. . resources.

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

MARCH 23, 2020

Officials are warning of a rise in phishing attacks, while retailers have also been warned about fraud risks, with Amazon recently removing 1 million products for allegedly making fraudulent claims, recent Forbes reports said. Below, PYMNTS looks at some of the latest data points around the fraud threat. Payroll Professionals Inc.

Philadelphia 178

Philadelphia Fraud Taxes Survey 178

PYMNTS

FEBRUARY 26, 2020

Software developer and Ukrainian native Volodymyr Kvashuk, 25, from Renton, Washington, worked for Microsoft from 2016 to 2018, and was tasked with testing Microsoft’s online retail sales platform. On fake tax returns, he said the bitcoin was gifted to him from a relative. dripping fraud and deceit every step of the way….

Fraud 207

Fraud Bitcoin Washington Taxes 207

PYMNTS

NOVEMBER 23, 2018

But those illegal marketplaces — often called the “Dark Web” — also present a juicy opportunity for those fighting fraud to detect and even preempt criminal activities than cost businesses revenue and, often, parts of their brand reputation. But that goes only so far.

Fraud 184

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Abrigo

FEBRUARY 15, 2023

It often includes social engineering, software vulnerability exploits, and network attacks. From a transaction-monitoring perspective, the risk and fraud departments should look for rapid transfers between accounts, money mule activity, and transactions with no reasonable explanation for action or source of funds. or internationally.

Fraud 195

Fraud United States Training Policies 195

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Unfortunately, most banks don’t gather fraud data across payment channels or track “pre-crime events.”

Conference 195

Conference Payments Fraud Data 195

PYMNTS

JUNE 21, 2019

Fraud knows no boundaries. Aside from the political implications of such claims, The New Yorker ‘s report pointed to the fraud risks that organizations face, even from the C-Suite. It also highlighted the predicament that organizations face if a C-Suite executive is found committing fraud. In the U.S.,

Fraud 108

Fraud Baltimore cryptocurrency Maryland 108

Abrigo

JUNE 8, 2022

Takeaway 3 Anti-Money Laundering and Fraud monitoring software can help combat this serious crime. Prize/Lottery Scammers coerce their victims to send an "import tax" or "fee" to receive the money they supposedly won in a lottery. . Fraud Prevention. Fraud Trends. Get the latest information from FinCEN. Learn More.

Training 195

Training Fraud National Resources 195

PYMNTS

FEBRUARY 28, 2020

As Michael Cichy, general manager of the Americas for Centsoft parent company Palette Software , told PYMNTS, the value in cross-platform integration can be significant for companies, particularly when it comes to saving time often wasted on manual data entry. “This combination increases data accuracy, and shortens payment cycles.”

Taxes 209

Taxes Data Fintech Compliance 209

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Preventing crime also includes thwarting tax fraud, and companies must obtain certain details to fulfill their tax reporting responsibilities.

Data 166

Data Management Taxes Meeting 166

PYMNTS

SEPTEMBER 16, 2019

Fighting Against Fraud. To make small businesses’ technology adoption hurdles even taller, Brolin warned of the growing risk of fraud , a threat for which small businesses must always be watching. Fraud, said Brolin, is “one of the biggest challenges” for small business advisers today.

Fintech 134

Fintech Fraud Tools Technology 134

PYMNTS

DECEMBER 28, 2020

India-based business management software provider Tally Solutions is debuting a new service, TallyPrime Release 1.1, The software will also help generate e-way bill numbers for transactions where that applies. to help boost eInvoicing as a mandate for companies rolls out, a report from ExpressComputer.In

Taxes 202

Taxes Software Management Report 202

PYMNTS

JULY 8, 2019

Onyx CenterSource , a global provider of B2B payments and business intelligence solutions to the hospitality industry, announced it has partnered with tax software provider Sovos to expand its Onyx’s InvoicePro eInvoicing capabilities. The company has now chosen Sovos to help it meet the upcoming changes in the compliance sector.

Taxes 115

Taxes Compliance Security Fraud 115

PYMNTS

DECEMBER 28, 2020

It also allows companies to use the proceeds to pay for software and cloud computing services and accounting costs. Compliance with these rules is likely since the loans are only tax-free and forgiven if the proceeds are spent as intended. Tax Breaks. From Bill To Bank Account.

Taxes 183

Taxes Compliance Lending Fraud 183

Abrigo

MARCH 24, 2023

A credit union can use more sophisticated software to automate the risk assessment detail. Do you offer services to those without a Tax ID Number (TIN)? The credit union’s risk analysis can only be adequately supported with supporting documents. This example is a situation with a "high" inherent risk and "strong" mitigating controls.

Fraud 195

Fraud Compliance Examples Analysis 195

PYMNTS

MAY 15, 2018

Validating tax information to comply with the IRS: sounds like a no-brainer, something every business and finance organization would simply take for granted and have to do. Israch said he was surprised to find so many organizations were not validating tax info in a compliant manner, considering the current compliance regime.

Compliance 101

Compliance Taxes Study Strategy 101

PYMNTS

JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. The IRS has accepted digitally filed tax documents and issued digital refunds for years, and it received approximately 29 million electronic returns via direct deposit between February 2018 and February 2019.

Payments 130

Payments US Fraud Innovation 130

FICO

JANUARY 22, 2020

There has been a proliferation of real-time payments fraud, as new near-instant payment platforms, including person-to-person (P2P) transfers and mobile payment platforms grow across Asia Pacific. . We recently conducted a survey with banks in the region and found that 4 out of 5 (78 percent) have seen their fraud losses increase.

Survey 52

Survey Fraud Payments Regional 52

PYMNTS

JUNE 15, 2018

In India , Marg ERP, which makes inventory and accounting software, is linking with ICICI Bank , the nation’s largest private sector bank by consolidated assets. The partnership will offer integrated payments to micro, small and mid-sized enterprises, using the former’s accounting software. The tech is licensed by a U.S.

Fintech 115

Fintech Compliance Software Taxes 115

Abrigo

DECEMBER 7, 2021

Documenting the assessment process may be as simple as creating a Microsoft Word or Excel file, or an institution can use more sophisticated software that automates creating the risk assessment detail. Do you offer services to those without a Tax ID Number (TIN)? Fraud Prevention. Fraud Trends. Fraud Prevention.

How To 195

How To Fraud Analysis Compliance 195

PYMNTS

NOVEMBER 4, 2019

This week, three new cases of accused internal fraud emerged, showcasing the variety of ways employees can steal company cash. The ETA warns that cyber fraud threats are hampering small businesses’ growth opportunities. The ETA warns that cyber fraud threats are hampering small businesses’ growth opportunities.

Fraud 101

Fraud Pennsylvania Data Cards 101

PYMNTS

APRIL 21, 2020

Mexico’s eInvoicing requirements began back in 2004, when its tax authority, the SAT, first developed its eInvoicing legal framework. Indeed, traditionally, the invoice acceptance and payment processes have been disparate in AP departments, said Fairfax Software CEO and President Steve Chahal in a recent interview with PYMNTS.

Payments 144

Payments Software Taxes Cards 144

Gonzobanker

AUGUST 17, 2022

Plaid acquired ID verification and KYC/AML compliance platform Cognito Mitratech Holdings acquired compliance risk and vendor management solution Continuity Mitek acquired KYC onboarding and analysis solution HooYu Equifax acquired post-transaction fraud solution Midigator.

Fintech 184

Fintech Lending Software Compliance 184

Abrigo

JUNE 27, 2023

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases.

El Paso 195

El Paso Miami United States New York City 195

Abrigo

MAY 10, 2021

Providers of loan origination software representing good partners for a financial institution also have specific features. Therefore, commercial loan software will have features such as: A business development component that helps the financial institution identify lending opportunities to better serve customers or members.

System 195

System Lending Analysis Software 195

PYMNTS

MARCH 3, 2020

Some have pointed to a similar attempt by H&R Block, when it tried to purchase another do-it-yourself tax software company in 2011 but was blocked by regulators. Several legal experts have said that TurboTax’s deal to buy personal finance site Credit Karma for $7.1 billion raises serious antitrust concerns.

Apple 132

Apple National cryptocurrency Payments 132

PYMNTS

JUNE 29, 2020

With the Wealthfront mobile app, customers with direct deposit can get paid up to two days early, as well as set up direct deposit for other payments like a tax refund or company expenses.

Fintech 151

Fintech California New York ATM 151

PYMNTS

DECEMBER 7, 2017

According to Jake Benson, CEO of back-office software provider Libra , that’s because traditional accounting and auditing software solutions aren’t compatible with blockchain, rendering them unable to access, manage and analyze financial data stored on distributed ledgers. Libra, which recently announced $7.8

blockchain 131

blockchain cryptocurrency Software Regulation 131

PYMNTS

JUNE 4, 2020

From an instant payment perspective, it has now become much more important to be able to manage the fraud in real time online,” said Tino Kam , head of transaction banking at Finland-based Nordea Bank , in a recent interview with PYMNTS. API security.

Security 151

Security Fraud Payments Compliance 151

PYMNTS

MAY 3, 2018

The feature does not interrupt payroll service, allowing companies to pay employees and remit taxes on time. The suite includes a fraud hotline and other informational services as well. “At The feature addresses the friction of payroll delays associated with vacations and invoice delays, the company noted.

Software 100

Software Taxes Fraud Meeting 100

Abrigo

JUNE 10, 2020

Match powerful AML software to your risk profile. Consider outsourcing BSA/AML work as one option in order to remain compliant and meet short-term needs for alert or case-monitoring to address seasonal issues, such as tax season, or employee issues, such as a leave of absence. Fraud Prevention. learn more. “Mr. Learn More.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

SEPTEMBER 8, 2020

And, Austrian software developer and compliance expert Blockpit acquired its biggest rival, a German firm called CryptoTax , according to a report from Tech.eu. Both companies work to provide tax software for cryptocurrencies, but Blockpit CEO Florian Wimmer said the companies have different strengths.

Bitcoin 141

Bitcoin Fintech cryptocurrency Software 141