PYMNTS

DECEMBER 17, 2020

Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Developments From The World Of Digital Fraud.

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Fraud Online Retail Examples 255

PYMNTS

NOVEMBER 7, 2019

The Bank of England has told HSBC to improve compliance controls for non-fiscal factors like fraud and staff conduct, according to a report by Reuters. HSBC posted an 18 percent loss in pre-tax profits for the third quarter of 2019 compared to the same period last year, reports said. businesses, which had the greatest losses.

Compliance 101

Compliance Fraud Taxes Regulation 101

PYMNTS

FEBRUARY 14, 2020

A section of the IRS website telling people that the online currency from the popular game Fortnite was subject to federal taxes has been removed as of Wednesday (Feb.12). Experts say V-bucks, as well as other, similar game currencies, are a new field that will need to be reported in some way on one’s taxes.

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Report Taxes Video Bitcoin 143

PYMNTS

SEPTEMBER 15, 2020

He also cited “banks’ aversion to taking on risk and fraud” in a proactive manner that leads them to create and promote new card offerings. For the traditional FIs, evolution is slow, he said, in what has traditionally been a “swipe” market, and where in a swipe market, fraud has traditionally been borne by the issuer.

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System Operations Fintech Taxes 258

PYMNTS

DECEMBER 23, 2019

Egypt is readying an electronic invoicing mandate for consumers to pay their taxes, an initiative that reports said will eventually expand to standardize invoicing in government procurement processes. Reports in Zawya on Monday (Dec. Reports in Zawya on Monday (Dec. That effort also aims to go live in 2020, reports said.

Taxes 130

Taxes Conference System Mobile 130

Abrigo

MARCH 22, 2023

Misrepresentation is used to justify the movement of funds and, in some cases, reduce the tax obligation reflected on customs documents. Over- or under-shipment or phantom shipments: Over- or under-shipment involves misrepresenting the number of goods in a shipment.

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Training Fraud New Jersey Regulation 195

PYMNTS

JULY 6, 2020

Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. 34 percent of furloughed employees were asked to commit furlough fraud , according to a survey from U.K.-based

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Fraud Missouri California Report 148

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.

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Fraud Tools Training Taxes 131

PYMNTS

FEBRUARY 18, 2020

Corporates can gain greater insights and control, while ensuring regulatory and tax compliance through this solution,” said Parag Rao, country head for payments business and marketing of HDFC Bank. It’s India’s largest private sector lender when viewed by assets, and it’s the largest bank in India by market capitalization.

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Compliance Cards Management Taxes 150

PYMNTS

DECEMBER 20, 2019

Tons of capital was raised and spent on new systems and processes. As city councils all over the nation get a hankering for MOA tax revenue, the category just keeps growing and evolving. As mobile takes fast food by storm, QSRs find themselves gagging on friendly (and unfriendly) fraud. Chargebacks Bite. MOA is a Goer.

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Mobile Fraud New York City Metro 131

PYMNTS

JUNE 16, 2020

Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during the virtual hearing. Additionally, Kellerman called for a tax credit to encourage firms in the financial vertical to set aside 10 percent of their information technology (IT) budgets at a minimum toward cybersecurity.

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US Cyber Security Security National 227

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.

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Fintech California New York ATM 151

PYMNTS

JUNE 15, 2018

In addition, corporate clients will be able to apply for working capital loans and make vendor and salary payments. In Africa, the biggest private bank in Kenya, CBA, has cemented a partnership with a FinTech there, Ennovative Capital, a Kenyan firm that licenses software to boost payments speeds.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

APRIL 2, 2019

The FCA said it saw evidence that Innovative Finance ISAs, which are used to shelter peer-to-peer loans from capital gains and income tax, were marketed along with cash ISAs even though they don’t give the same level of protection to consumers. They were released pending further investigations.

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Capital Taxes Fraud Marketing 108

PYMNTS

NOVEMBER 20, 2018

The obvious benefits of card acceptance are factors like higher customer satisfaction and the ability to be paid more quickly without forcing a corporate client to let go of capital sooner. Christopher Ward, the technology aims to build on top of the progress that EMV chip technology made in combating card-present fraud.

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Cards Fraud Taxes Data 118

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.

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Software Taxes Fraud Meeting 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. In a statement.

Capital 100

Capital Fraud Management Fintech 100

Abrigo

SEPTEMBER 1, 2021

With this in mind, Financial Institutions should be aware of transactions involving China that are at or near the Capital Flight Restriction (50,000.00 FinCEN AML/CTF Priorities Part 7: Fraud and COVID-19. One thing they all have in common is the reliance on the use of TBML via the utilization of Asian networks. Learn More. Learn More.

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Training Regulation Community Austin 195

Abrigo

MAY 29, 2019

Does tax season or holiday retail volumes give you more alerts than you can handle with current staffing? Fraud Prevention. Capital Bank | Strengthening Your BSA Program with Advisory Services. Fraud Prevention. 5 Reasons Why Financial Institutions Need One for Their AML & Fraud Monitoring Systems.

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Analysis Training Fraud Compliance 150

PYMNTS

JANUARY 27, 2020

Indeed, when it comes to younger consumers these days, eSports are reportedly on the rise (including with high school students), and are even prime part of plans to revive retail malls and to collect more states taxes , as PYMNTS has covered. games — have reached the six-figure threshold in private sales.”.

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Video Trends New York Report 226

PYMNTS

DECEMBER 27, 2016

According to a report , Snapdeal is letting Indian residents in two cities place an order of rupees over the internet, pay with a bank card and have the cash delivered to their door as Snapdeal tries to capitalize on the cash crisis that took hold in India starting in November. 10 and extending through Dec.

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Taxes Maine Online Retail 108

PYMNTS

JUNE 2, 2016

APEX Analytix , which focuses on supply chain management and optimizing the use of working capital, late last month announced the newest release of its FirstStrike SmartVM, which is software geared toward sourcing, scrubbing and simultaneously cleaning data that flows across corporate clients’ transoms about their suppliers.

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Data Analytics Fraud Taxes 100

PYMNTS

MAY 27, 2016

The B2B venture capital roundup this week is flush with startups providing services to other corporates that, in one way or another, impact the business’ bottom line. The funding was led by Accion Frontier Inclusion Fund, with participation from Quona Capital, QED Investors, Kaszek Ventures and Jaguar Ventures, reports said.

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Capital Management Taxes Security 100

PYMNTS

JUNE 7, 2019

While digital fund disbursements clearly can affect insurance claims, government tax returns and gig economy workers’ paychecks, it’s reimbursements that play a major role for the retail industry. On the other hand, almost all (95 percent) of U.S. consumers can now access same-day ACH, so the technology is there. It’s no small matter.

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Online Retail Study Video 178

PYMNTS

MAY 9, 2016

Bank of America, Capital One, Wells Fargo, Chase and more published their findings — sometimes to contradicting conclusions. Chase reached some optimistic conclusions regarding how small business owners feel about the year ahead, while Capital One highlighted a 9 percent decline in SME optimism. Small businesses’ top concern?

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America National Capital Survey 100

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange.

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Taxes Compliance Tools System 107

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange.

Taxes 101

Taxes Compliance Tools System 101

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.

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Virgin Islands Taxes Regulation Regional 116

PYMNTS

JULY 9, 2018

As noted in this space earlier this month, financial regulators in that country stated that “issuers of digital tokens must be a company registered under Thai law and will be able to offer such assets of an unlimited amount to institutional investors, ultra-high net-worth investors, venture capital and private equity firms.”.

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cryptocurrency Regulation blockchain Data 101

PYMNTS

SEPTEMBER 6, 2017

In an interview with InvestorDaily , Steven Cunico, coauthor of the report and treasury and capital markets partner at Deloitte, explained that FX volatility is proliferating across the globe, affecting the U.S. According to Deloitte, manual treasury management processes, from cash management to FX, can open up the organization to fraud.

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Risk Management Survey Management System 108

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 195

Fintech Lending Software Compliance 195

CB Insights

FEBRUARY 13, 2020

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Fraud prevention tools. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. Source: Finix.

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Online Company Retail Payments 98

PYMNTS

JANUARY 25, 2019

The flow of commerce and capital gets bogged down in phone calls, applications, emails and inefficient risk profiling based on traditional credit models. The $24 trillion global B2B commerce opportunity, as PYMNTS readers know, is continually — and has been historically — plagued by the paper chase. focused B2B sales. The Process.

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Retail Capital Data Payments 159

PYMNTS

MARCH 29, 2018

Emailage stopped almost twice as much potential fraud in 2017 as in the previous year. billion in potential fraud was prevented, compared to last year’s $1 billion. Jewel Paymentech has forged a capital alliance with Japan’s largest payment processor, GMO Japan, which will be leading the startup’s Series A+ funding round.

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cryptocurrency Regional Bitcoin Cards 109

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.

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Payments Regional America Trends 124

Javelin Strategy & Research

FEBRUARY 23, 2015

They want to spot fraud. Last week, robo-adviser Betterment scored another $60 million in venture capital, giving it a valuation of up to $500 million. In January, Capital One snatched up Level Money’s budget app. They want to know where it goes. They want to know how to save more of it. They want to borrow money more smartly.

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Management Taxes Mobile America 40

PYMNTS

MARCH 17, 2017

On Monday (March 13), the Canadian government was forced to pull the plug on its website for filing federal taxes after it discovered that hackers broke into the statistics bureau last week. Bad actors are constantly looking to capitalize on any bugs that are revealed and act quickly to cause as much damage as possible.

Cyber Security 100

Cyber Security National Security Software 100