PYMNTS

DECEMBER 27, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of The Emergence Of The Global Citizen. 2016 saw more people transacting across borders in larger sums than ever before.

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Payments eBook Regional Study 113

PYMNTS

JULY 15, 2019

The report noted there has been an 86 percent increase in fraud investigations done internally, with confirmation of fraud in as many as 75 percent of the cases investigated between 2016 and 2017, according to the report. Separately, in Oklahoma, a computer software company owner has pleaded guilty to payroll tax fraud. Grayson Jr.,

Fraud 109

Fraud Cards Taxes Payments 109

PYMNTS

MARCH 7, 2018

In 2016, Justworks announced its entrance into the small business accounting and legal services space via collaborations with accounting and tax company inDinero and online legal services marketplace LawTrades. Justworks aims to automate and streamline multiple business operations that small businesses (SMBs) need to function.

Security 100

Security Capital Taxes Resources 100

PYMNTS

APRIL 18, 2016

Securities and Exchange Commission. percent of the finance arm’s pre-tax earnings until it acquires the stake, the filing said. Alibaba is entitled to a stake of about one-third of Ant Financial with regulatory approval, according to a 2014 filing to the U.S. Alibaba has perpetual rights to 37.5

New York 100

New York Taxes Maine Groups 100

PYMNTS

JULY 22, 2019

Unfortunately, also adding heat this week was the world of fraudsters and hackers – with a few pretty sizable security blips and glitches. This week the world got an admission from Bulgaria’s finance minister that a hacker managed to make off with the data nearly every tax paying Bulgarian citizen, according to a report by Reuters.

Data 100

Data Security Fraud Indiana 100

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. Department of Justice (DOJ) said on Tuesday (Feb.

Fraud 207

Fraud Bitcoin Washington Taxes 207

Abrigo

SEPTEMBER 6, 2017

Federal Reserve Small Business Credit Survey The 2016 Small Business Credit Survey from the Federal Reserve states that moving into 2017, small businesses “expressed continued optimism while also reporting trouble making ends meet and accessing credit.” “People want money - that is why borrowers come to you. But it’s not just money.

Survey 150

Survey Taxes Comparison Fintech 150

PYMNTS

MARCH 18, 2020

A common scheme involves fraudsters posing as tax officials — a particularly effective tactic during the first quarter, when restaurants are preparing employee W2s and corporate tax documents. Those that do can then be identified for further training, eliminating weak links in the security chain.

Fraud 177

Fraud Training Data Taxes 177

PYMNTS

OCTOBER 16, 2020

COVID-era fraudsters use scams that range from impersonating tax officials to selling fake PPE on P2P payment apps. Peer-to-peer (P2P) payment apps like CashApp , PayPal , Venmo and Zelle are especially popular targets for financial crime, with fraud attacks against these apps increasing by 733 percent since 2016.

Fraud 222

Fraud Payments Security Data 222

PYMNTS

MARCH 2, 2018

based Beaufort Securities Ltd and two of its managers, among others, in the case, according to news from Reuters. In 2016, insider warnings led to speculation that London may be transforming into a global hub for illicit finance. office were facilitating tax evasion and money laundering. Prosecutors named U.K.-based

Fraud 161

Fraud Taxes Security Management 161

PYMNTS

JANUARY 4, 2019

In 2016, it was lower and companies only saw $4.3 These were OYO Rooms, a hospitality company, which raised $1 billion in September, and food delivery company Swiggy , which also secured a cool billion. That number is down from the $988 million raised in 380 rounds in 2017 and the $1 billion in 430 rounds raised in 2016.

Company 162

Company Taxes Innovation Capital 162

PYMNTS

OCTOBER 28, 2019

Starting next month, customers that have a current account or credit card with 20 of the major high-street and challenger banks will be able to connect their accounts to Coconut to utilize its automated bookkeeping and tax tools. Launched in 2016, Open Banking required the nine largest U.K.

Taxes 101

Taxes Tools Cards Innovation 101

PYMNTS

FEBRUARY 23, 2018

Citigroup disclosed in a filing with the Securities and Exchange Commission (SEC) on Friday (Feb. As noted by Reuters , and, in an additional statement from Citigroup, the banking giant — which is the third-largest card lender in the United States in 2016, according to the Nilson Report — disclosed the extent of the impact: 1.75

Cards 109

Cards United States Regulation Taxes 109

PYMNTS

FEBRUARY 16, 2018

tax code will help it post a profit in the not-too-distant future. The news comes as Sears is commencing private exchange offers for its outstanding unsecured notes due in 2019 and its secured notes due in 2018, according to a filing with the Securities and Exchange Commission (SEC). percent during the holiday shopping season.

Taxes 100

Taxes Branding Security Retail 100

PYMNTS

MARCH 26, 2018

Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. She pointed to Latin America , which enacted some of the world’s first eInvoicing mandates for the purposes of tax rule enforcement.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

OCTOBER 17, 2018

People report that they are typically directed to buy or reload cards at well-known stores like Walmart , Target , Walgreens , and CVS — and iTunes cards have been the top card brand by a wide margin since 2016. Google Play cards were not reported in significant numbers until this year. They may even call iTunes cards ‘payment vouchers.’

Cards 174

Cards Payments Fraud Google 174

PYMNTS

JULY 31, 2017

Wells Fargo takes the security and privacy of our customers’ information very seriously,” the banking firm said in a statement according to the report. “We Consulting firm Oliver Wyman prepared the document after reviewing insurance policies sold to the banking firm’s customers from January 2012 through July 2016.

Taxes 100

Taxes Data Security Report 100

PYMNTS

FEBRUARY 27, 2019

Even though biometrics offer notable security advantages, they do come with risks. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . A reported 3.6 billion people worldwide will carry digital IDs with embedded biometrics by 2021.

Security 159

Security National Wyoming Idaho 159

PYMNTS

APRIL 7, 2017

Today, APIs have become a popular way for banks to share this financial data with other services and have given rise to more possibilities for FinTechs in how they meet their customers’ needs — and more debate about the security of such facilitated information-sharing.

Data 191

Data Technology Security Tools 191

PYMNTS

SEPTEMBER 14, 2018

Securities and Exchange Commission (SEC) claims that two high-frequency traders routed millions through Citi Match, while the firm allegedly told clients that they were not using the service, Financial Times reported. ” The news comes as the U.S. billion that had been tallied at the end of the September quarter.

United States 134

United States Taxes Regulation Cards 134

PYMNTS

JULY 27, 2018

National Counterintelligence and Security Center (NCSC), titled “The Foreign Economic Espionage Report,” warns that cyber attackers could infiltrate the software supply chain, and pointed to China, Russia and Iran as the most capable of such an event. Department of Homeland Security advised U.S. A report by the U.S.

Community 104

Community US Software National 104

PYMNTS

FEBRUARY 24, 2020

In terms of individual company news, and in the United States, Facebook new is being sued by the Internal Revenue Service (IRS), for alleged tax evasion — to the tune of $9 billion. When it filed its tax returns, as reported by the Journal, Facebook put a $7 billion value on the intangible assets (the intellectual property).

Data 130

Data Marketing Taxes Regulation 130

PYMNTS

MARCH 1, 2018

56 percent | Percentage of ground transportation expenses Uber secured for travel and expense company Certify’s customers in 2017, up 52 percent in 2016. The study also found that 67 percent of mid-sized financial institutions (FIs) are allocating less than one-quarter of their budgets toward the same goals.

Innovation 100

Innovation Data Taxes Lending 100

BankBazaar

JUNE 18, 2020

If your tax slab is 30%, your FD returns will be taxed to that extent, unless you’re a senior citizen eligible for certain income tax bene?ts after income tax and that is your e?ective ective post-tax return (refer to Table 2). higher per annum post tax than ?xed ts on this front.

Management 78

Management Taxes Examples Capital 78

Bobsguide

MAY 3, 2016

With ILS (insurance-linked securities) heading into the London market, every effort is being made to push the corporation tax legislation through in 2016. UK companies will then be able to make the most of the business opportunities on offer. So, what is this ILS regulation and what makes.

Marketing 60

Marketing Capital Taxes Regulation 60

Abrigo

JANUARY 6, 2017

To be certain, many accountants could make a full-time job out of simply trying to understand the various types of technology that can make their personal lives easier and their practices more profitable and secure. These three trends are: the progress of blockchain technology, the continued shift to the cloud, and advances in automation. “The

Trends 218

Trends blockchain Taxes Survey 218

PYMNTS

JUNE 14, 2018

million, in 2016 alone. with more than 16,800 victims recorded in 2016. Business identities can be used to open card accounts, initiate wire transfers or commit tax fraud. ” There are four main types of business identity theft, according to the report: financial fraud, tax fraud, website defacement and trademark ransom.

Fraud 109

Fraud Taxes Resources National 109

PYMNTS

NOVEMBER 7, 2018

Management also stated that the CLUB Certificate Program — defined as whole loan transactions structured as tradable pass-through securities — is nearing the $1 billion mark, after having been launched less than a year ago, in December of 2017. CEO Sanborn stated that that engagement with the Federal Trade Commission remains ongoing.

Taxes 159

Taxes Management Risk Management Capital 159

PYMNTS

DECEMBER 4, 2018

The center of the money laundering investigation at Deutsche Bank lies at a tiny unit that was barely able to eke out a profit and had been up for sale since the early part of 2016, reported Financial Times. In 2016, it operated trusts for around 900 clients, with €311m in assets.

Virgin Islands 116

Virgin Islands Taxes Operations America 116

PYMNTS

APRIL 11, 2017

“A scammer impersonated our chief executive officer and requested that payroll information [Form W-2] for the 2016 tax year be sent via email,” Coupa said in a letter sent to employees and seen by media. Reports said employee data including names, employee IDs, Social Security numbers and other information was compromised as a result.

Data 115

Data Taxes Analytics Management 115

PYMNTS

JUNE 15, 2018

In the Middle East , RAK Bank has said it will offer Sage accounting software to business banking customers, in an agreement that helps those firms manage value-added tax (VAT) compliance mandates. The software firm, Sage, has had five of its accounting offerings focused on VAT, accredited by the UAE Federal Tax Authority.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

DECEMBER 10, 2018

The unit, which was based in the British Virgin Islands, was part of the bank’s Global Trust Solutions (GTS) business, which had been for sale since 2016. The business was handling trusts in low-tax locations like Germany and the Virgin Islands. In October of 2017, a deal was reached to sell the unit to N.T.

Virgin Islands 167

Virgin Islands Taxes America Report 167

PYMNTS

MARCH 26, 2018

corporate debt slumped at $38 billion in the fourth quarter of last year, the least since early 2016. The securities are on track for their worst quarter since 1994,” the publication wrote. Tax reform , too, has reduced demand for corporate bonds, and shifting trade relationships in the U.S.

America 100

America Taxes Report Trends 100

PYMNTS

JANUARY 21, 2019

Security and Marketing. launched a test in 2016 to secure digital drivers’ licenses, and Wyoming joined the program the following year.”. Besides California, states such as Arizona, Texas and Florida are moving toward use of digital license plates. And that’s not all they could potentially do.

Michigan 139

Michigan Wyoming Idaho Maryland 139

CFPB Monitor

MARCH 2, 2020

With regard to motor vehicle and other personal property financing, Interpretive Rule Q&A #2 asks: Does credit that a creditor extends for the purpose of purchasing a motor vehicle or personal property, which secures the credit, fall within the exception to ‘‘consumer credit’’ under 32 CFR 232.3(f)(2)(ii) because § 232.8(f) While all U.S.

Security 60

Security Analysis Regulation Lending 60

PYMNTS

DECEMBER 2, 2018

Since the publication of the Panama Papers in 2016 we have reviewed the whole issue and, in doing so, cooperated closely with the regulatory authorities. Late last week federal authorities in Germany raided six offices of Deutsche Bank on Thursday morning (November 29), searching for evidence about money laundering and offshore tax havens.

Taxes 129

Taxes Course Report US 129

PYMNTS

MARCH 2, 2018

Overall, the FTC is seeing that consumers are losing more money due to fraud in 2017 than 2016. And tax fraud was the second most common type of identity theft reported by consumers. But those age 80 and older lost more than double than millennial victims, with a median loss of $1,092 compared to $400 for those age 20 to 29.

Millennials 138

Millennials Fraud Taxes Report 138