PYMNTS

DECEMBER 7, 2020

But the BEC scam is not the only kind of business payments fraud plaguing firms today. This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification. PYMNTS breaks down the numbers behind the latest cases below.

Fraud 228

Fraud Ohio Indiana Payments 228

PYMNTS

SEPTEMBER 16, 2019

So now, the investigation deepens and broadens, with payroll fraud under the microscope. Pioneer Bank, in turn, has pointed to a filing with the Securities and Exchange Commission this week that referenced $19 million in deposit activity that could be linked to “potentially fraudulent activity.”.

Fraud 174

Fraud Cleveland Indiana New York 174

PYMNTS

JULY 16, 2019

Regional banking firm KeyCorp disclosed a massive instance of fraud on Tuesday (July 16) that could potentially cost $90 million, according to a report by CNBC. In a K-8 filing, KeyCorp, which is based in Cleveland, said the fraud involved a “business customer” and that it was discovered “on or about” July 9. Shares fell on the news.

Fraud 142

Fraud Cleveland Indiana Community 142

PYMNTS

JUNE 17, 2020

The South Bend, Indiana-based company will now also be partnering with Boeing as it moves into the next phase of its research in investigating blockchain’s potential for military supply value. Air Force has granted blockchain firm SIMBA Chain a $1.5

blockchain 132

blockchain Fraud Indiana Bitcoin 132

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. KeyBank’s Costly Payroll Fraud Problem . Interlogic Outsourcing is reportedly the customer involved – the Ekhart Indiana based firm processes payrolls. Starting with.

Data 100

Data Security Fraud Indiana 100

PYMNTS

MAY 18, 2018

But the move towards bits and bytes is gathering steam in a bid to bring security to far flung transactions. Through remote notarization (and through Notarize, she added), parties to a transaction can save time and reduce fraud. The affixation of seal, and stamp, and signature is a process that seems necessarily bound in paper and ink.

Indiana 133

Indiana Nevada Tennessee Texas 133

PYMNTS

AUGUST 9, 2019

ransomware attacks have recently hit two Florida city government systems, followed by an attack on an Indiana city. Government systems are increasingly being targeted by cyberattacks. In the U.S.,

Indiana 108

Indiana Florida System Resources 108