FICO

MARCH 8, 2021

This year the Internal Revenue Service (IRS) will start accepting 2020 tax returns on February 12 , about two weeks later than usual. That’s positive news—because you definitely want to file your tax return as soon as possible, particularly if you’re claiming a refund. How do fraudsters commit tax refund fraud?

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Taxes Fraud Security Cards 52

PYMNTS

AUGUST 11, 2020

No one will call to ask for your bank account, credit card or Social Security number, the FTC said. As in the first distribution of $1,200 checks in the spring, most people will get money direct deposited, or via a debit card or check will be mailed to the address where your taxes were filed.

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Fraud Taxes Survey Cards 174

Payments Source

MARCH 27, 2016

Fallout from widespread data breaches hurts many payment industry sectors, but this year's tax-filing season brings fresh pain for the prepaid card industry, with new details out connecting prepaid cards with some of last year's biggest tax refund fraud busts.

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Taxes Fraud Cards Data 64

Abrigo

AUGUST 19, 2020

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. COVID-19-related fraud schemes are escalating at an alarming rate. How can your transaction monitoring system detect trending COVID-19 related fraud?

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PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. By offering the incentive, they hope to cut down on black market deals and fraud, according to The Financial Times.

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Cards Payments Taxes Study 188

Abrigo

AUGUST 19, 2020

Key Takeaways COVID-19-related fraud are not new typologies; they just have a new spin. Adjusting your velocity scenarios can help detect money mule scams and check fraud. . COVID-19-related fraud schemes are escalating at an alarming rate. How can your transaction monitoring system detect trending COVID-19 related fraud?

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Fraud System Trends Software 195

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.

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Cards Payments Fraud Google 174

PYMNTS

SEPTEMBER 24, 2020

Fraud Threats To Digital Banking. Another threat is identity fraud, in which bad actors will either steal an individual’s identity or forge a new one, and then use it to open new accounts or apply for fraudulent loans they have no intention of paying back. Identity fraud accounted for $16.9 Shetty explained.

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Video Fraud Digital Banking System 205

CB Insights

MAY 18, 2021

Payments giant Stripe has acquired Bouncer, a card-scanning and authentication solution, for an undisclosed amount. The company’s team and technology will be integrated into Stripe Radar, its anti-fraud platform. Stripe recently acquired a cloud-based tax services provider, TaxJar. WHO ARE THE PARTIES TO THE DEAL?

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Fraud Cards California Taxes 74

PYMNTS

NOVEMBER 23, 2018

But those illegal marketplaces — often called the “Dark Web” — also present a juicy opportunity for those fighting fraud to detect and even preempt criminal activities than cost businesses revenue and, often, parts of their brand reputation. Early Warning Value. Enough of the basics. But that goes only so far.

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PYMNTS

FEBRUARY 18, 2020

This creates new security challenges as firms must learn to centrally manage their fraud protection methods while also gauging threats across many different channels. Fraud orchestration can help solve this issue as it allows banks to build holistic fraud prevention defense systems and gain 360-degree views of their customers.

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Fraud Customer Experience Compliance Survey 131

PYMNTS

OCTOBER 19, 2020

Gone are the days of diners handing waiters a stack of credit cards to split a bill, and instead seamless money transfers occur in a matter of seconds. We split out scams and frauds,” he explained in a recent interview with PYMNTS. The Scams And Frauds Facing P2p Payment Apps. Leveraging AI To Fight Cybercrime.

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PYMNTS

MAY 22, 2019

Wirecard, the global digital financial technology company, announced on Wednesday (May 22) that it has partnered with India’s government-owned UTI Infrastructure Technology and Services Limited (UTIITSL) to facilitate the issuing of physical and digital taxpayer identification cards. The cards can also be used as proof of identity.

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Cards Taxes Fraud Technology 122

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.

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Cards Data Florida Fraud 124

PYMNTS

NOVEMBER 5, 2019

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments.

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PYMNTS

FEBRUARY 26, 2020

He took advantage of that access to steal currency stored value (CSV) such as digital gift cards that he then resold on the internet. . On fake tax returns, he said the bitcoin was gifted to him from a relative. dripping fraud and deceit every step of the way…. million in bitcoin. million lakefront home.

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Fraud Bitcoin Washington Taxes 207

PYMNTS

OCTOBER 21, 2019

Corporate fraud comes in many colors, but for many businesses, the most unexpected threat is the one looming from within company walls. This week, IBM announced a collaboration with Raw Seafoods to develop a blockchain solution to address supply chain fraud in the seafood industry, including cases of incomplete documentation and mislabeling.

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Fraud blockchain Ohio Survey 111

PYMNTS

DECEMBER 9, 2020

This has accelerated the need for spend management solutions and payment tools that enable businesses to review and approve transactions in real time, Caleb Jenkins , leader of client accounting services for tax and accounting firm RLJ Financial , said in a PYMNTS interview. Bringing Virtual Cards To A Virtual B2B World.

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Cards Management Tools Payments 155

PYMNTS

DECEMBER 13, 2016

With headquarters in King Of Prussia, Pennsylvania, Radial provides major brands and merchants with fraud, payments and tax solutions, as well as a host of other commerce technology solutions. “We We’ve settled into providing services as a payments and fraud business.”. Radial knows a thing or two about fighting fraud. “We’ve

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Fraud Virgin Islands Pennsylvania Taxes 100

PYMNTS

NOVEMBER 30, 2020

Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach. Virtual Card Payment Trends. Merchants’ efforts to please shoppers have ushered in a wave of virtual card activity in recent months, Knutson said.

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Cards Security ATM Data 151

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

SEPTEMBER 15, 2020

Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. As Poovala told Webster: “We had to get a debit card by actually creating our own startup. It’s been 20 months, and we tried to get a debit card from some of the largest banks.

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System Operations Fintech Taxes 258

PYMNTS

NOVEMBER 18, 2016

17) of a new tax bill scam in which unwitting consumers receive a fake IRS notice that contends they owe the government money because of the Affordable Care Act. As the end of the year gets closer and the tax deadline nears, the number of IRS scams tends to pick up. The Internal Revenue Service warned Thursday (Nov.

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Taxes Fraud Compliance Tools 100

FICO

MARCH 16, 2018

Social Network Analysis (SNA) tools hold the potential to help tax and revenue agencies identify non-compliance and tax fraud. These tools have been proven to be effective in fraud detection¹, but to date haven’t been utilized to any large degree at tax agencies. Opportunities for Tax Agencies.

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Analysis Taxes Fraud Compliance 45

PYMNTS

NOVEMBER 20, 2018

With payment bigwigs like Visa , Mastercard and American Express pushing further into the B2B payments space, commercial card adoption is being driven by more than growth in the number of card products available. “It streamlines payments and ease of paying by card,” Weiss told PYMNTS in an interview.

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Cards Fraud Taxes Data 118

PYMNTS

MARCH 18, 2020

Fraud is a perennial concern for quick-service restaurants (QSRs), and digital channels open ample new avenues for cybercrime, with hackers targeting restaurants for their cash, data and even customers’ loyalty points. The following Deep Dive explores the different types of social engineering fraud and how restaurants can combat them.

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Fraud Training Data Taxes 177

PYMNTS

FEBRUARY 3, 2020

Daya Shankar Kushwaha was arrested by tax officers in New Delhi for allegedly using fake invoices worth over Rs 1,200 crore to get tax benefits, according to reports on Monday (Feb. Kushwaha reportedly used fraudulent Input Tax Credit (ITC) of Rs 124 crore. .

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Taxes New York Fraud Report 132

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.

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Fraud Taxes United States Study 67

PYMNTS

OCTOBER 25, 2017

There are different levels of fraud management an organization can implement, from completely in-house to completely outsourced. But for a company planning to build an internal team to manage and prevent fraud 24/7, it’s important to understand the value and limitations of this approach.

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Fraud Management Tools Analytics 101

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.

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Payments Fraud Taxes Technology 234

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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Fraud Taxes Online Report 100

PYMNTS

NOVEMBER 22, 2019

Goldman CEO Denies Claims Of Apple Card Credit Biases. Isaacson has watched remote sales tax policies unfold since that time in a flurry of new laws that differ by state, and even municipality. Moving Issuers — And Auth Rates — Past Fraud Prevention To Revenue Protection.

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South Dakota Apple Taxes Cards 101

FICO

MARCH 25, 2022

While it may seem like an esoteric topic, explainability in fraud management is important – and it’s especially relevant when it comes to using AI and machine learning in fraud detection and prevention. In other words, a fraud management system isn’t a black box. Effective Fraud Management Requires Explainable Technology.

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Fraud Management System Course 52

Bobsguide

JANUARY 16, 2017

Americans currently lose $50 billion a year to a variety of fraudulent practices, according to estimates from the Financial Fraud Research Center at Stanford University. These practices include theft of credit cards and personal financial information, unauthorized checks, forged documents, tax.

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Fraud Taxes Cards 60

PYMNTS

DECEMBER 17, 2020

Fraudsters, according to PYMNTS data, were already enjoying a banner year in 2020 as the world went online and the forces of fraud rapidly followed. But fraud never sleeps, nor does it take holiday vacations or stop looking for creative ways to turn society’s good news into an opportunity for personal gain. The FTC marked $201.26

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Fraud Taxes Washington Security 210

PYMNTS

FEBRUARY 18, 2020

The bank will offer a corporate credit card for travelers that provides solutions for expense management and payments while users are on business trips. Mastercard and SAP Concur, an invoice management company, will provide support for the card.

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Compliance Cards Management Taxes 150

PYMNTS

FEBRUARY 28, 2020

” Payments via card programs and other tools are of particular interest when banks explore data integrations with FinTech firms, he noted. “In addition to card and ACH/wire requirements, the U.S. Yet, in the procure-to-pay space, streamlining and automating vendor payments can be a particularly challenging feat.

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Taxes Data Fintech Compliance 209