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. Dark Web Terms. Dark Web’ doesn’t mean anything,” Rogers told PYMNTS. But that goes only so far.

Fraud 184

Fraud Cards Data Maine 184

PYMNTS

APRIL 14, 2017

While the fraud ecosystem continues to rapidly develop and advance, big data may prove itself to be a strong weapon in combatting fraud. With that thought in mind, DataVisor set off on a mission to utilize harness and analyze that could potentially detect fraud and protect billions of users around the world.

Fraud 112

Fraud Online Big Data Taxes 112

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.

Fraud 150

Fraud Lending Los Angeles Taxes 150

PYMNTS

MARCH 30, 2018

tax deadline approaches, CNBC reported. Customers, in all, said they lost more than $11 million in 2017 due to tech support fraud. Youbit’s operating company, Yapian Corp., Bitcoin fell below $7,000 on Thursday (March 29) – and analysts expect sales of bitcoin and other cryptos to increase as the April U.S.

Bitcoin 124

Bitcoin cryptocurrency Marketing Taxes 124

Abrigo

MARCH 22, 2023

A well-known example of a TBML system is the Black Market Peso Exchange , where U.S. Trade-based money laundering is the process of moving illegal funds through the international trade system to legitimize them. This can include the falsification of the price, quantity, and quality of imported or exported goods.

Training 195

Training Fraud New Jersey Regulation 195

PYMNTS

FEBRUARY 28, 2020

B2B payments market. Global expansion of business operations is one trend likely to place new pressures on AP departments, said Cichy — in more ways than one. ” There is also the growing risk of tax compliance, as markets like Europe and Latin America move to capture greater tax revenues.

Taxes 209

Taxes Data Fintech Compliance 209

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.

Cards 188

Cards Payments Taxes Study 188

PYMNTS

MARCH 26, 2018

The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. Take the market’s VAT legislation, for example. Tax fraud is a massive threat of corporates. billion every year.

Taxes 102

Taxes Fraud Compliance Regulation 102

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. Technology can help prevent such fraud, particularly that associated with beneficial ownership of company and using shell companies in support of fraudulent activities. The good news?

Company 163

Company Payments Fraud Meeting 163

PYMNTS

OCTOBER 8, 2019

Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. Together, Bitfinex and Tether manipulated a market that, by design, is supposed to be decentralized,” states the lawsuit. The filing comes days after the company revealed that it was expecting a lawsuit to be filed against it.

Bitcoin 181

Bitcoin Taxes cryptocurrency Innovation 181

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. With the global pandemic continuing to cause market disruptions, the opportunities for fraudsters remain on the rise.

Fraud 148

Fraud Missouri California Report 148

PYMNTS

JULY 29, 2019

“As a newly combined company, we will leverage our technology expertise and integrate our solutions to serve client needs in ways no one else can match,” said Frank Bisignano, president and chief operating officer, Fiserv (former CEO of First Data). “We

Data 185

Data Leadership Taxes System 185

Abrigo

SEPTEMBER 1, 2021

Drug Trafficking Organizations (DTOs) are a key concern From drug cartels to street gangs, the illegal drug market has been a constant money-maker for DTOs. . FinCEN AML/CTF Priorities Part 7: Fraud and COVID-19. Would you like others articles like this in your inbox? FinCEN AML/CTF Priorities Part 8: Drug Trafficking Organizations.

Training 195

Training Regulation Community Austin 195

PYMNTS

AUGUST 6, 2019

With government agencies working to combat tax evasion and fraud, eInvoice mandates mean a reduced risk of invoice fraud and greater visibility into trade and transactions. on the benefits of an eInvoicing mandate, noting that it would address the nation’s current tax challenges. On Monday (Aug.

Regional 108

Regional Taxes System Guidelines 108

PYMNTS

AUGUST 28, 2019

The Blockchain-as-a-Service (BaaS) model enables organizations to start using Kadena’s blockchain by quickly provisioning it online, significantly reducing the cost and time-to-market associated with the on-premise installation of other blockchain solutions.

Policies 116

Policies National cryptocurrency Bitcoin 116

PYMNTS

OCTOBER 23, 2020

We see it when companies get wrong advice, such as, 'hire global contractors,' when they don't understand the tax complexities, the Permanent Establish risks, and so on," Guez warned. Regulations are a particularly complicated matter, considering the rules in each market are not only different, but constantly changing.

Compliance 143

Compliance Strategy Regulation Taxes 143

PYMNTS

JUNE 19, 2017

New York City soup producer and marketer Soupman – home of Seinfeld’s “Soup Nazi” character – has filed for bankruptcy protection following charges against former CFO Robert Bertrand last month. million, and total alleged tax loss to the U.S. million, and total alleged tax loss to the U.S. was about $594,000. was about $594,000.

New York City 108

New York City Taxes New York Operations 108

PYMNTS

APRIL 22, 2019

In addition, ClickBank works with product creators, digital marketers, banks and credit card companies to prevent risks, including fraud and cyberattacks. At ClickBank, he will manage the company’s financial management and growth strategies, including the accounting, treasury, tax and financial-planning functions.

Strategy 124

Strategy Leadership Taxes America 124

PYMNTS

JUNE 29, 2020

Wirecard said over the weekend it would continue to operate in all but one of its European locations as the court considers the company’s insolvency request. Markus Braun, Wirecard’s founder and CEO, was arrested last week on charges of manipulating the market and misrepresenting accounts.

Taxes 223

Taxes Report Financial Technology Digital Banking 223

PYMNTS

MAY 23, 2017

“Technology continues to break down barriers between cultures, and businesses are continuing to look abroad to access new markets and expand their customer base.”. firms explored cross-border markets. percent) said their global expansion is to open new markets and increase market share. Instead, nearly half (45.6

US 100

US Compliance Taxes Trends 100

PYMNTS

AUGUST 1, 2018

Supreme Court struck down state bans on sports betting, MGM Resorts International has signed deals with the NBA and other operations that could mark the first chapter of the country’s new sports and gambling culture. MGM officials will also reportedly help the league detect fraud and game-fixing. GVC Joint Venture. technology hub.”.

United States 101

United States Online New York Louisiana 101

PYMNTS

SEPTEMBER 12, 2019

The latest AMC/KYC Tracker examines current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space. A 2019 study underscored this point, discovering that even though the AML software market is slated to grow 15.25 The Cost of Compliance. Cryptocurrency and Blockchain.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

NOVEMBER 29, 2017

It’s because this type of fraud literally started with laundromats. Regular folks (the ones who didn’t have housekeepers for that sort of thing) were enamored with the coin-operated machines that, for the first time, saved them the trouble of doing the wash themselves. Ever wonder why it’s called “laundering money?”

Chicago 117

Chicago Fraud Operations Marketing 117

South State Correspondent

OCTOBER 4, 2023

If you want to grab a material amount of new deposit balance, offer a 5.05% money market rate, post it all over Instagram, and sit back and watch the money roll in. In this article, we will show you 15 proven deposit marketing campaigns that will rack up deposit-gathering wins while building a high-performing bank in the process.

Marketing 195

Marketing Taxes Training Management 195

PYMNTS

FEBRUARY 18, 2019

which the institution plans to deploy in its corporate payments operation. However, participation from the traditional financial services sector isn’t necessarily a requirement when it comes to crypto adoption, even in the B2B payments market, according to BitRail Co-founder and Vice Chairman Cameron Chell.

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

PYMNTS

SEPTEMBER 6, 2019

Bamboo Straws, Emerging Markets And The Lessons Of Selling Cross Border. It’s another thing to walk the walk, especially when it comes to giving sellers the chance to gain new revenue via online marketplaces and new markets. Visa: Chip Cards Reduce Counterfeit Fraud By 87 Pct. What 10 Top CEOs Said About Payments This Summer.

Innovation 116

Innovation Payments Apple United States 116

PYMNTS

FEBRUARY 2, 2018

tax laws had on other firms recently reporting results, Mastercard put up numbers Thursday (Feb. Excluding the aforementioned tax impact, earnings per share came in at $1.14, two pennies better than Wall Street expectations. As for its own tax savings, the company will use at least part of the money to boost financial inclusion.

Taxes 100

Taxes cryptocurrency Regional Branding 100

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

JULY 29, 2016

The cybercriminals of today are organized, collaborative, motivated and tend to look and operate more like any business professional out there working today. Don Bush , VP of Marketing at Kount , recently joined Karen Webster for a live digital discussion on what fraudsters are up to these days and how they perfect their trade.

Fraud 100

Fraud Tools Cards Resources 100

PYMNTS

MARCH 22, 2017

All panel members agreed that forcing a multi-billion-dollar-a-year vertical to operate in a cash-dominated, semi-black market when it comes to financial services is not sustainable — or smart. They also pay their staff, pay their suppliers, pay their utility bills and pay their taxes. Higher Risk Than Necessary.

Payments 123

Payments Taxes Colorado District of Columbia 123

PYMNTS

SEPTEMBER 6, 2017

FX volatility is top risk challenge for treasurers today, with 52 percent citing this issue, followed by the challenge of gaining visibility into global operations, cash and financial risk exposures (cited by 43 percent). dollar, yen, euro and others that “were fairly stable and predictable.”. Technology Tripping Up Treasury.

Risk Management 108

Risk Management Survey Management System 108

PYMNTS

JULY 3, 2018

Everyone thinks of win rates differently, and people use their metrics differently,” said Pallavi Kuppa-Apte, Head of Business Operations, Chargehound. Those that felt ready had invested in knowledge of local markets and tax codes, new tech and/or new vendors. DadeSystems.

National 101

National Charlotte Regional Operations 101

PYMNTS

MAY 16, 2018

Soon, however, the payments industry will be able to tap into that market legally, thanks to a recent decision by the Supreme Court to axe a federal law that prohibited gambling on sports in most U.S. Tax revenue is a powerful motivator. Fraud Isn’t A Problem. Today, illegal gambling represents a $150 billion business.

Online 100

Online Fraud Industry New Jersey 100

PYMNTS

JANUARY 4, 2017

These global citizens have become a huge target for fraud. It’s because of this that Flywire has expanded its role to be more than just a cross-border payment provider, but also a payment company that can help handle and mitigate the growing threat of fraud to the institution clients and payors it serves. The Ever-Growing Target.

Fraud 102

Fraud Training Payments Resources 102

PYMNTS

MARCH 29, 2018

Parker said the startup is working to get the payments industry comfortable with the idea of operating in the cloud. Amaryllis is also in the process of finalizing an ACI worldwide contract, which will expand the company’s global reach and create access points in new markets. ModoPayments. Chargehound.

cryptocurrency 109

cryptocurrency Regional Bitcoin Cards 109

PYMNTS

MARCH 5, 2018

As part of the alleged scam, the suspects sold the real estate at prices that undervalued the Vatican-owned real estate to offshore companies, which then resold the properties at the current market rate. The suspects then received the profit from the difference, a source familiar with the investigation told the AP.

Taxes 101

Taxes Report Operations Marketing 101

PYMNTS

SEPTEMBER 15, 2017

It noted that ICO projects are often in early stages of development, exist in an unregulated space, offer no investor protection and suffer from price volatility, fraud potential and inadequate documentation. Dimon said he would fire any JPMorgan employee found to be speculating in that market. This week, U.K.’s

Bitcoin 177

Bitcoin cryptocurrency blockchain Regulation 177