2015 Cards Fraud Taxes 
PYMNTS
NOVEMBER 23, 2018
To counter fraud as the holiday season approaches, Best Buy , Target and Walmart made changes to their gift card programs. With the new policies, changes include lowering the transaction limits on the sale of store-branded gift cards. That figure rose from only 7 percent in 2015, which marked an increase of 270 percent.
PYMNTS
MARCH 10, 2017
Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015. What’s Next In Tax Fraud. As of February, the number of mentions in 2017 so far was already over 40 percent of the 2016 total.
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PYMNTS
OCTOBER 17, 2018
A new report from the Federal Trade Commission (FTC) says that fraudsters are increasingly requesting to be paid with gift cards, with some even asking for certain brands such as Google Play and iTunes gift cards. Google Play cards were not reported in significant numbers until this year.
PYMNTS
SEPTEMBER 23, 2019
As we noted in the recent Digital Banking Tracker, the CNP fraud has taken a leg down in favor of fraud that looks to snag credit card numbers. They took the details and applied for credit cards. Check Fraud, Too. She also submitted a false tax return in 2016, omitting those funds as income.
PYMNTS
JANUARY 24, 2020
The country has one of the lowest rates of credit card use in Europe, but that could change if the cashless initiative catches on. The Italian government is setting aside $3 billion for the venture, with the goal of cutting down on fraud and black market deals. The country has the highest rate of value-added tax (VAT) fraud in Europe.
ZootBlog
MAY 18, 2016
This is the first in a two-part series as we look more deeply at fraud concerns and best practices for managing this ever-changing threat. Over the past couple of weeks we’ve been discussing fraud mitigation strategies on ZootBlog—everything from EMV chip cards to encryption, tokenization, and biometrics.
PYMNTS
MAY 12, 2016
Online merchants know very well that fraud costs them in many ways – in chargebacks, in false positives, in the friction that’s introduced at checkout that can cost a sale. But there’s nothing like putting the cost of fraud into the parlance that merchants know really well: units sold. Kount: Calculating The 9 Deadly Costs Of Fraud.
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