PYMNTS

JUNE 12, 2019

One of the biggest forms of education-related fraud is as simple as it is prevalent: students sending someone else to take tests for them. This type of fraud played a significant role in this year’s widely publicized college admission scandal. The university began utilizing a webcam-based system in 2015. Trust, But Verify.

Online 145

Online Fraud Analysis Study 145

PYMNTS

OCTOBER 17, 2018

The FTC examined fraud reported directly to the agency and excluded reports about shop-at-home purchases, finding that from January through September of this year, gift cards and reload cards were reported as a payment method in 26 percent of the fraud reports, up from just 7 percent in 2015 — a 270 percent increase.

Cards 174

Cards Payments Fraud Google 174

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.

Fraud 100

Fraud Taxes Online Report 100

PYMNTS

FEBRUARY 10, 2020

Investments by Baidu, Alibaba and Tencent peaked in 2015 at $4.7 Crypto Fraud Scores More Than $4B In 2019. Amazon (And Others) Brace For India’s New eCommerce Tax. India has levied a new tax on eCommerce companies and platforms. India has levied a new tax on eCommerce companies and platforms.

US 142

US Taxes Millennials Payments 142

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.

Fraud 67

Fraud Taxes United States Study 67

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

MAY 21, 2020

The new Preventing Financial Crimes Playbook explores the latest financial crime developments, including a rise in financial fraud related to the ongoing COVID-19 pandemic, new threats targeting digital payment apps and guidance from PNC Financial Services on how multilayered defense systems can help curb the tide of digital scams.

Fraud 131

Fraud Tools Training Taxes 131

PYMNTS

OCTOBER 8, 2019

Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. The umbrella company running Bitfinex and Tether , iFinex, has been hit with a $1 trillion class-action lawsuit. Together, Bitfinex and Tether manipulated a market that, by design, is supposed to be decentralized,” states the lawsuit.

Bitcoin 181

Bitcoin Taxes cryptocurrency Innovation 181

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. Check Fraud, Too. In another example of decidedly low-tech fraud, in Oklahoma, a woman recently sentenced to prison stole $400,000 from her employer through signed paper checks.

Cards 124

Cards Data Florida Fraud 124

PYMNTS

MARCH 26, 2016

A loan company employee has pleaded guilty to stealing identities of several customers and fraudulently seeking $400,000 in tax returns. The government alleges that the two co-conspirators worked together to get away with the tax returns. Huff returned half of the money to Battle and kept the remaining balance.

Company 100

Company Alabama Taxes Fraud 100

The Paypers

MARCH 24, 2016

(The Paypers) The IRS is now taking up to 21 days to review a tax return which in 2015 took 7 days to review, a recent report unveils.

Taxes 28

Taxes Fraud Report 28

PYMNTS

MARCH 12, 2020

They were also told that public tax money couldn’t be used for ransom and that the government would pay them back. Investigators were alerted to the situation in July 2015 after some suspicious victims called the defense ministry to ask questions. The victims were told that the operation was secret and time-sensitive.

New York 141

New York Video Fraud Taxes 141

PYMNTS

OCTOBER 22, 2018

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. That is up from just 7 percent in 2015 — a 270 percent increase. As of September 2018, losses from gift-card fraud have hit $53 million. However, a host of U.S.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

MARCH 2, 2016

Identity theft, at the second spot in top complaints, jumped more than 47 percent year over year in 2015, with a chief impetus being tax identity theft. In total, through the past year, the network gathered more than 3 million complaints, with Florida, Georgia and Michigan at the top of the state list for fraud complaints.

Florida 100

Florida Missouri Connecticut Michigan 100

PYMNTS

APRIL 30, 2019

Danske Bank admitted that 200 billion euros went through its Estonian branch between 2007 and 2015, and the document shows that Russian Central Bank employees warned about money laundering risks and tax evasion schemes.

Virgin Islands 129

Virgin Islands Taxes National Regulation 129

CFPB Monitor

JANUARY 14, 2016

For consumers who plan to take a lump-sum payout, the guide also provides advice on detecting errors in the payment calculation, consideration of future needs, planning for tax consequences, and avoiding frauds and scams. The tool allows consumers to estimate how much they can expect to receive in benefits at different ages.

Taxes 60

Taxes Tools Fraud Security 60

PYMNTS

AUGUST 6, 2018

The report noted that the filing also disclosed that Wells Fargo is being investigated in formal and informal manners by a government agency or agencies into how it purchased federal low-income housing tax credits. The computer glitch impacted some accounts that were in the foreclosure process between April of 2010 and October of 2015.

United States 120

United States Software Taxes National 120

Fintech Labs Insights

APRIL 13, 2016

FinDEVr alum and long-time Magento partner, Avalara announced that its sales-tax calculation solution, Compliance Cloud, will be a part of Magento 2.0 In addition, customers will get access to Avalara’s tax prep, filing and remittance services. The company made its FinDEVr debut at FinDEVr San Francisco 2015.

Taxes 12

Taxes Fraud San Jose San Francisco 12

Abrigo

MARCH 29, 2017

Since leaving public accounting, she has been an internal auditor, a tax preparer and a controller. In fact, in its 2015 publication “Audit Analytics,” the AICPA stated that “data analytics have the potential to transform the way financial statement audits are conducted, making them significantly more effective and possibly more efficient.”

Analytics 150

Analytics How To eBook Fraud 150

PYMNTS

APRIL 7, 2017

He cited third-party apps in spaces like expense reporting, payments and tax management as a few of the areas that stand to benefit from an agreement like the one made with Wells. reached a new high in 2016, with 1,093 incidents marking a 40 percent increase from 2015 levels.

Data 191

Data Technology Security Tools 191

PYMNTS

SEPTEMBER 6, 2019

Visa: Chip Cards Reduce Counterfeit Fraud By 87 Pct. million merchants, whereas in September of 2015 that number was only 392,000. Report: The Risky Business Of Navigating Online Sales Tax For Merchants. Chip cards are now accepted at more than 3.7 That’s an 825 percent increase. Trackers and Reports.

Innovation 116

Innovation Payments Apple United States 116

PYMNTS

JULY 29, 2016

“Whether you know that you have a fraud problem or you don’t, sometimes, even the methods we use to deter fraud can limit us.” ” There’s a number of reasons why the fraud problem is getting worse, Bush explained. Bush recalled research showing over 700 million records were breached in 2015, 1.2

Fraud 100

Fraud Tools Cards Resources 100

PYMNTS

JULY 7, 2017

Moglix, which launched in 2015, has begun to add new services to its lineup as its home market of India introduces tax reform; the company recently launched a new solution to help manufacturers remain compliant with new rules, and its software will also look to help digitize more aspects of manufacturing in the country.

Capital 100

Capital Fraud Management Fintech 100

PYMNTS

SEPTEMBER 6, 2017

The company’s latest 2017 Global Corporate Treasury Survey was recently published, and it’s not surprising that, since its 2015 report, Deloitte found that treasurers continue to face new pressure from their executive committees and boards to become a strategic, value-added role within the enterprise. “A Technology Tripping Up Treasury.

Risk Management 108

Risk Management Survey Management System 108

PYMNTS

FEBRUARY 15, 2019

Card-present fraud slides, again: Continued traction is evident in the fight against fraud at the register. Visa reports that merchants have seen an 80 percent drop in card-present fraud – as measured from September 2015 to September of 2018 – due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards.

New York 115

New York New York City Virginia Nashville 115

Abrigo

DECEMBER 20, 2021

Millions of dollars in suspicious activity were not reported to FinCEN in a timely or accurate manner, including those connected to tax evasion, illegal gambling, money laundering, and other financial crimes. . The dates cited are between 2015 and 2019. Fundamentals of BSA. CommunityBank of Texas' citations. Be Prepared.

Resources 195

Resources Texas Analysis System 195

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. In 2015, nearly sixteen years to the day of the failure, the last defendant, Terry Church, was released from prison. However, it seems unlikely that McConnell didn't orchestrate the fraud. That was Church and Cherry.

National 78

National West Virginia Virginia Pennsylvania 78

PYMNTS

OCTOBER 10, 2017

“Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded. Regional Trends.

Payments 124

Payments Regional America Trends 124

PYMNTS

DECEMBER 27, 2016

Both payers and payees are looking for protection against fraud and assurances of compliance with any international regulations. Schools, hospitals, tax agencies and others are not necessarily equipped to be in that business. colleges and universities alone in the 2015–2016 academic year. Security is also important.

Payments 113

Payments eBook Regional Study 113

PYMNTS

OCTOBER 14, 2016

holiday spending is forecasted to increase up to 4 percent this year compared to 2015, which, in turn, means merchants are expected to handle more global cross-border shipments and payments than usual. In the cross-border shipping space, calculating fees and taxes in real time is yet another challenge that plagues efficiency, Hull said.

Operations 100

Operations Payments Retail Fraud 100

CB Insights

FEBRUARY 13, 2020

Fraud prevention tools. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. Payments companies assumed risk for losses associated with chargebacks, fraud, KYC, or AML, while also providing support, dispute management, and reporting. Funding, valuation, and investors.

Online 98

Online Company Retail Payments 98

CB Insights

MAY 23, 2019

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. Some companies just push their luck a little too far. Total Funding: $1.1B.

Fraud 78

Fraud Las Vegas Company Video 78

FICO

MARCH 31, 2016

At FICO World, two senior FICO leaders, experts in the areas of fraud and financial crime prevention, will engage in a lively discussion of how best to approach some of the top global compliance threats in the areas of anti-money laundering, know your customer (KYC), tax and business due diligence.

Compliance 40

Compliance DC Washington Regulation 40

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

Banking 2020

NOVEMBER 25, 2015

Until now, this sector has been subject to very little legislation, but there have been claims that this hands-off approach has helped facilitate problems such as fraud and money laundering. Chinese market research company iResearch estimates that in the first quarter of 2015, a total of 2.4 The impact of tougher regulations.

Regulation 40

Regulation Online Marketing Payments 40

NCR

NOVEMBER 4, 2016

trillion of cash was used for payments across western Europe’s 15 largest economies in 2015. “Scaling back paper currency would hardly end crime and tax evasion; but it would force the underground economy to employ riskier and less liquid payment devices,” wrote Professor Rogoff. That figure is forecast to rise to €2.2

Chicago 40

Chicago Taxes Payments US 40

NCR

DECEMBER 18, 2015

A pilot phase for the Identity Verification Service will start in mid-November 2015 and run until February 2016, with payment service providers (PSPs) invited to take part. The possible use scenarios for this are endless, from performing a simple age check when buying alcohol online to filling out tax returns and applying for a passport.

Data 40

Data social media Online Security 40