PYMNTS

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. Simmons was ordered to pay $15,000.

Taxes 134

Taxes Fraud Operations Security 134

PYMNTS

MARCH 2, 2018

Millennials are apparently reporting losing money to fraud more often than seniors. Forty percent of those aged 20-29 who reported fraud indicated they lost money, while only 18 percent of those 70 and older said they lost any funds. Overall, the FTC is seeing that consumers are losing more money due to fraud in 2017 than 2016.

Millennials 138

Millennials Fraud Taxes Report 138

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

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

FICO

AUGUST 12, 2019

Child identity fraud is an alarmingly large and growing problem. . A 2018 report released by Javelin Strategy & Research found that more than one million children were victims of identity fraud in 2017. As I’ve blogged about previously, synthetic identity fraud is rampant , and fraudsters are growing ever-more sophisticated.

Fraud 40

Fraud How To Resources Report 40

PYMNTS

MARCH 12, 2020

The men were said to have impersonated Jean-Yves Le Drian, France’s defense minister from 2012 to 2017, mostly by phone — but in some instances, they staged a fake office and used a silicone mask for video calls. They were also told that public tax money couldn’t be used for ransom and that the government would pay them back.

New York 141

New York Video Fraud Taxes 141

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

JUNE 14, 2018

. “Small business identity theft – stealing a business’ identity to commit fraud – is big business for identity thieves,” warned NCSS CEO Mary Ellen Seale in a statement. Business identities can be used to open card accounts, initiate wire transfers or commit tax fraud. That figure rose to 10,000 last year.

Fraud 109

Fraud Taxes Resources National 109

PYMNTS

APRIL 7, 2017

The tool — which allows users to directly port their electronic tax return into the Free Application for Federal Student Aid form — had to be unplugged in March when it was discovered that enterprising cybercriminals were using the tool for an unintended purpose: gathering information to file fake tax returns.

Tools 100

Tools Data Taxes Fraud 100

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. 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.

Compliance 40

Compliance Analytics Taxes Groups 40

PYMNTS

FEBRUARY 7, 2020

Patreon’s first subscription model revamp occurred in 2017, when developers released a processing fee structure update. Patreon unveiled its new tier-based subscription model — which includes Patreon Lite, Patreon Pro and Patreon Premium — last year and designed it with the 2017 episode in mind. Not All Smooth Sailing. per pledge.

San Francisco 141

San Francisco Video Taxes Software 141

PYMNTS

MARCH 22, 2018

Citing comments the company made on a recent conference call, Reuters reported the $275 million is in addition to the $164 million in pre-tax costs it reported for the last six months of 2017. At the end of 2017, the cost from the data breach stood at $439 million.

Puerto Rico 101

Puerto Rico United States Leadership Data 101

PYMNTS

DECEMBER 9, 2020

9) that it had reviewed an email to Deutsch Bank staff announcing that Brigitte Bomm, global head of tax, would replace Loetscher effective immediately. Apas suspects that EY partners knew they were issuing “factually inaccurate” audits for Wirecard in 2017 and 2018, according to the FT report. The FT reported Wednesday (Dec.

Leadership 151

Leadership Taxes Report Payments 151

PYMNTS

MARCH 4, 2019

According to a report in Reuters , citing Finnish broadcaster Yle, which had access to leaked documents, the money came from companies registered in countries with tax havens, including the British Virgin Islands, Panama and Belize. The investment firm rates Nordea at underperform.

Virgin Islands 116

Virgin Islands Taxes Regulation Regional 116

PYMNTS

DECEMBER 10, 2018

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. 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.

Virgin Islands 167

Virgin Islands Taxes America Report 167

PYMNTS

MARCH 22, 2017

They also pay their staff, pay their suppliers, pay their utility bills and pay their taxes. And state officials like the situation even less than dispensaries do — a panel member claimed — because all the cash flying around makes it very hard to keep track and be certain that the right amount of tax revenue is actually being paid.

Payments 123

Payments Taxes Colorado District of Columbia 123

PYMNTS

DECEMBER 27, 2016

The world of global payments is evolving rapidly — driven by an increasingly global economy, expanding consumer buying power in regions like Asia and South America, rising adoption of digital payment methods and increasing concerns over security and transparency. Security is also important. And we expect more of the same in 2017.

Payments 113

Payments eBook Regional Study 113

PYMNTS

NOVEMBER 7, 2019

Even consumers equipped with credit cards may not be willing to use them online – 40 percent of Brazilians report that fear of fraud stops them from sharing credit card information on the internet. . percent tax on foreign merchant transactions by using local payment methods. Attracting Customers With Boleto Bancário.

Online 100

Online Payments Cards Fraud 100

PYMNTS

JUNE 17, 2019

According to a report in Reuters , citing Finnish broadcaster Yle, which had access to leaked documents, the money came from companies registered in countries with tax havens, including the British Virgin Islands, Panama and Belize.

Virgin Islands 103

Virgin Islands Taxes Groups Report 103

PYMNTS

APRIL 1, 2019

Many marketplaces act as go-betweens for firms looking to hire remote or freelance workers by offering time-tracking options to ensure correct payments, payment transfers in various currencies, communication and collaboration options, tax estimates or compliance help, healthcare options and other work-related issues.

Payments 183

Payments Survey Online Company 183

PYMNTS

DECEMBER 4, 2018

At that time, the business was handling trusts in low-tax locations, including Germany and the Virgin Islands, generating just a tiny portion of Deutsche Bank ‘s overall annual revenue. In October of 2017, it announced a deal to sell the unit to N.T. Butterfield & Son, with the sale completed at the end of March.

Virgin Islands 116

Virgin Islands Taxes Operations America 116

PYMNTS

OCTOBER 10, 2017

The 2017 report , released Monday (Oct. 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.

Payments 124

Payments Regional America Trends 124

PYMNTS

NOVEMBER 29, 2017

It’s because this type of fraud literally started with laundromats. An ongoing explosion of technologies, business models, payment types, platforms and services has made 2017 into something of a golden age for businesses, said Frechtling, but illegitimate operations are also benefitting from those innovations.

Chicago 117

Chicago Fraud Operations Marketing 117

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. And in 2017, those investments were off-the-charts nuts.

Fintech 183

Fintech blockchain Lending Digital Banking 183

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

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Fraud prevention tools. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. Funding, valuation, and investors. Leadership and board members.

Online 98

Online Company Retail Payments 98

CB Insights

OCTOBER 26, 2020

By 2017, it had much of this codified in its own internal software. IEX received approval as a registered stock exchange in 2017 and is now looking to attract trading volume away from exchanges by letting companies list for free. In 2017, startups raised $5.6B The exchange is the first that is founded by its members.

Management 78

Management Capital Company Marketing 78

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

CB Insights

OCTOBER 10, 2018

Neon quickly secured a new partner, BancoVotorantim, to resume card services. In December 2017, Amazon’s Alexa Fund participated in its $16M Series A. Divvy automates the entire expense report process, helps companies eliminate fraud and wasteful spending, and optimizes online subscriptions.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

JANUARY 31, 2018

From fraud to fitness tracking, from cross-border to cryptocurrencies and from chargebacks to KYC, here’s how seven startups aim to change the game in 2018 (and how some of them already are). After cementing its presence in Europe during 2017, Emailage turns its focus to the Asia-Pacific region for 2018 expansion.

cryptocurrency 115

cryptocurrency Regional Fraud Taxes 115

PYMNTS

JANUARY 10, 2019

Platform operators and merchants must conduct due diligence related to everything from intellectual property and tariffs to tax laws and FX rates. One is account takeover — well-documented in this space — and the second type is merchant fraud. It’s a model that the firm hopes to replicate across marketplaces in the U.S. and elsewhere.

United States 158

United States Regulation Compliance Strategy 158

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. Why is Anti Financial Crime so important?

Compliance 81

Compliance Technology Fraud Analytics 81

Bussman Advisory

FEBRUARY 21, 2018

Startups, primarily in the blockchain world, raised $4.6bn in various forms of token launches in 2017, a quantum leap from the $0.2 While this may not seem like much compared to the $188.8bn raised in traditional IPOs in 2017, five of the largest ICOs in history took place in October and November so there is clearly strong momentum.

Capital 67

Capital Cyber Security blockchain cryptocurrency 67

NCR

DECEMBER 19, 2016

The rollout came with a fraud liability shift that transferred liability for fraud onto the party – either the issuing FI or the merchant – that has not adopted EMV technology. The UK and Australia have both launched new banknotes this year, with security additions and other features that are unique to physical currency.

blockchain 40

blockchain Fraud Fintech Cards 40

CB Insights

SEPTEMBER 10, 2019

The average millennial student debt load was $10,600 as of 2017 — about 2X more than what was owed by Gen X in 2004. Millennials will likely need more retirement savings than previous generations, as they are expected to live longer and receive less from Social Security and other programs. Retirement.

Millennials 77

Millennials Mobile Lending Cards 77

CB Insights

JUNE 6, 2019

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business.

Apple 78

Apple Branding Google Company 78

Fintech Labs Insights

OCTOBER 3, 2016

Announced new investment of $50 million, with another $25 million coming in 2017. Listed in Silicon Review as one of the 20 fastest growing security companies. Quoted in eWeek on the problem of app security. Announced its Cyber Security scholarship program. Announced its Cyber Security scholarship program.

San Francisco 18

San Francisco Taxes Lending Colorado 18