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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PYMNTS

APRIL 5, 2019

To that end, Vocalink , a Mastercard company, released its third annual Business Fraud Report , which found that as much as 73 percent of the U.K. businesses it surveyed think the payment fraudsters are “ahead of the industry.” A full 37 percent said they have either been a victim of payments fraud or know a firm that has been.

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Study Industry Fraud Survey 122

PYMNTS

DECEMBER 13, 2016

Radial is an industry leader in omnichannel commerce technology and operations. 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 Radial knows a thing or two about fighting fraud.

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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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Taxes Bitcoin blockchain Seattle 100

PYMNTS

MAY 25, 2016

Radial , an omnichannel and fraud solutions provider, is promising to take away merchant woes with a suite of solutions, which it says improves order conversion rates and helps eliminate fraud. 2015, online fraud is forecast to explode from an estimated $3.1 percent industry average. billion in 2015, to $6.4

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Fraud Taxes Retail Tools 109

PYMNTS

MAY 17, 2018

The fallout from what Reuters reports described as “mega-fraud” at India’s Punjab National Bank (PNB) continues, with small- and medium-sized businesses (SMBs) still struggling to access financing as the financial institution (FI) tightens its grip against risks. We need to be strict or else, after a few years, I might be arrested.”.

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National Fraud Lending Taxes 108

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Unfortunately, most banks don’t gather fraud data across payment channels or track “pre-crime events.”

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Conference Payments Fraud Data 195

FICO

JUNE 11, 2019

Tax agencies have a limited amount of resources to pursue tax compliance activities (collections and audit). Tax Compliance - Why Use Analytical Models at Tax Agencies? The IRS, among other tax agencies are investing in predictive analytics. Tax Compliance - Predictive Analytical Models. Three Types.

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Taxes Analytics Compliance Resources 58

FICO

FEBRUARY 25, 2022

Since May 2019, major UK banks have participated in a voluntary code - the Contingent Reimbursement Model (CRM), designed to provide funds back to the victims of authorised push payment fraud or APP fraud. So, what can banks do to prevent APP fraud? Look Out for APP Fraud Signals – Develop the Rules.

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Fraud Payments Taxes Analytics 52

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

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

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

South State Correspondent

MARCH 21, 2023

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects. In 2020, the U.S.

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Taxes Community Bank Community Operations 195

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

Abrigo

OCTOBER 15, 2020

Key Takeaways Economic relief payments are often subject to fraud – PPP is no exception. BSA Officers should be aware of PPP red flags to identify potential fraud. Economic relief payments are often subject to fraud, and the Paycheck Protection Program (PPP) is no exception. Other PPP Fraud Indicators.

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Fraud Lending Los Angeles Taxes 150

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

APRIL 21, 2020

Plus, the IRS has shelved processing tax refunds to make room for sending stimulus payments. IRS Puts Tax Refunds In Storage As It Works On Stimulus Checks. restaurant industry has asked Congress for more financial aid, as the industry faces losing an estimated $240 billion by year’s end. The Washington, D.C.

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Company Payments Taxes Fraud 141

PYMNTS

SEPTEMBER 30, 2020

In the annual Department for Business, Energy & Industrial Strategy report, the best-case scenario would be around 13 billion pounds (about $17 billion), according to Bloomberg. Both estimates come from loss ranges based on history, from similar prior programs, combining credit and fraud losses. That comes with U.K. billion).

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Taxes Retail Lending Fraud 247

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

JULY 8, 2019

Onyx CenterSource , a global provider of B2B payments and business intelligence solutions to the hospitality industry, announced it has partnered with tax software provider Sovos to expand its Onyx’s InvoicePro eInvoicing capabilities. The company has now chosen Sovos to help it meet the upcoming changes in the compliance sector.

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Taxes Compliance Security Fraud 115

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. The cars were then shipped to Africa for resale.

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Training Fraud New Jersey Regulation 195

PYMNTS

AUGUST 30, 2019

Today in the payments news roundup, travel technology firm Amadeus is teaming with Visa’s CyberSource to bolster anti-fraud measures for the industry. Trending: Merchants Struggle With The (Un)Certainty Of eCommerce Sales Taxes. Also, Netflix turned 22 on Thursday (Aug. Citi Banks On API Calls To Make Treasury Ops Real Time.

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social media Payments Fraud Taxes 101

Abrigo

JUNE 27, 2023

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. Financial criminals have used the industry to clean their illicit funds for years. Including rental and leasing licensees, as of 2021, the industry comprises approximately 16.7%

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South State Correspondent

OCTOBER 4, 2023

Maybe technology and maybe fraud, but other than that, it is hard to duplicate that success rate. Business Savings: If you are looking for the least marketed product in the banking industry, we would submit for your consideration the business savings account. The same is true after getting a tax refund or estate windfall.

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Marketing Taxes Training Management 195

PYMNTS

OCTOBER 11, 2017

The San Mateo startup recently announced the addition of a new fraud monitoring module, Tipalti Detect, to help eliminate accounts payable fraud risk. Israch explained the module looks for patterns across the supplier database, analyzing factors such as tax data, contact information and IP address, among other elements.

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Fraud Taxes Course Payments 108

PYMNTS

MAY 15, 2018

Validating tax information to comply with the IRS: sounds like a no-brainer, something every business and finance organization would simply take for granted and have to do. Israch said he was surprised to find so many organizations were not validating tax info in a compliant manner, considering the current compliance regime.

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Compliance Taxes Study Strategy 101

PYMNTS

DECEMBER 20, 2019

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. In the case of mobile order-ahead, chargeback fraud is the one to watch out for, but it’s very hard to spot.

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Mobile Fraud New York City Metro 131

PYMNTS

JANUARY 26, 2021

Currently, actual instances of fraud are low, but Waterhouse said it’s better to be proactive. “As As the digital economy continues to mushroom, we’re seeing more and more accounts embedded in third-party apps, so the proliferation of account credentials is starting to cause an increased fraud risk,” he said. The EIP Rollout.

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Payments Fraud Taxes Tools 274

PYMNTS

MAY 22, 2019

Through this cooperation, we have proven Wirecard’s power in global technology services and our ability to create solutions for a wide range of consumers and industries to create a better tomorrow for all.”. And because all data is stored in a centralized database, consumers can also use the cards to track tax payments and declarations.

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Cards Taxes Fraud Technology 122

PYMNTS

NOVEMBER 22, 2019

In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve the banking industry. Ongoing security concerns have caused the Federal Reserve to take a further look at the large tech firms that serve the banking industry. And Former U.S.

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South Dakota Apple Taxes Cards 101

PYMNTS

AUGUST 5, 2019

Fraud comes in many flavors, and a payments-related lawsuit arising from the growing business of legal, recreational marijuana is proof of that point. That new industry is growing, and new services, including online ordering and delivery, are rising to meet consumer demands for legal pot. The good news? Onboarding Stage.

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Company Payments Fraud Meeting 163

PYMNTS

JANUARY 16, 2020

17, that would relieve medallion owners from tax liability for debt forgiveness. How AI Helps Marketplaces Fight Off-Platform Fraud. Fraud threats in industries such as advertising and the sharing economy are growing, and victims often blame the marketplaces and publishing sites for not better protecting them.

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PYMNTS

NOVEMBER 22, 2017

Account takeover fraud , card-not-present (CNP) fraud, tax fraud, selling stolen financials, selling fake bank accounts, the Dark Web: If security experts are fighting it today, chances are that Brett Johnson was there when it started. The family lived in eastern Kentucky, an area Johnson describes as “fraud central.”

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Fraud Taxes Community Cards 120

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. billion every year.

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Taxes Fraud Compliance Regulation 102

PYMNTS

JUNE 16, 2020

Cyberattacks against the financial industry have jumped by 238 percent in just the first five months of the year, VMware, Inc. 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

NOVEMBER 4, 2019

This week, three new cases of accused internal fraud emerged, showcasing the variety of ways employees can steal company cash. The ETA warns that cyber fraud threats are hampering small businesses’ growth opportunities. The ETA warns that cyber fraud threats are hampering small businesses’ growth opportunities.

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Fraud Pennsylvania Data Cards 101

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.

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Payments US Fraud Innovation 130