PYMNTS

FEBRUARY 4, 2020

RELX will acquire Arizona-based Emailage for $480 million in the former’s push to establish a footprint in the fraud prevention market, according to Financial Times (FT). In addition, RELX made pre-tax profits of £2.15 billion in 2018. It plans to release more recent numbers soon.

Analytics 136

Analytics Fraud San Diego Arizona 136

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.

Taxes 195

Taxes Community Bank Community Operations 195

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

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. Samir Assaf, HSBC head of global banking and markets, shared the news with other seniors bankers on Tuesday (Nov. HSBC CFO Ewen Stevenson announced plans to restructure the U.K.

Compliance 101

Compliance Fraud Taxes Regulation 101

PYMNTS

FEBRUARY 20, 2020

Steve Chen, the mastermind behind a $147 million gemcoin fraud from 2013 to 2015, pleaded guilty of his crimes of tax evasion and conspiracy to commit wire fraud, reported on Wednesday (Feb. The 62-year-old California resident will face a minimum of a decade in prison, according to the Department of Justice.

Bitcoin 130

Bitcoin Fraud cryptocurrency California 130

PYMNTS

MARCH 26, 2019

Attorney Michael Avenatti has been charged in two federal cases with wire and bank fraud, as well as allegedly attempting to extort more than $20 million from Nike. He is also charged with supposedly defrauding a bank through fake tax returns. The Wall Street Journal ( WSJ ) reported that the U.S. I’m not f—ing around.”.

Fraud 110

Fraud Los Angeles California New York 110

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

PYMNTS

JANUARY 24, 2020

The Italian government is setting aside $3 billion for the venture, with the goal of cutting down on fraud and black market deals. He added that because of a thriving black market economy, more people in Italy use cash because it’s not as traceable as digital payments.

Payments 234

Payments Fraud Taxes Technology 234

PYMNTS

AUGUST 2, 2019

Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ).

blockchain 148

blockchain Fraud Data Report 148

PYMNTS

SEPTEMBER 15, 2020

Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient. 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.

System 258

System Operations Fintech Taxes 258

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. C&I Loans.

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. 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. The price of bitcoin was $6,826.68 as of 11:13 p.m.,

Bitcoin 124

Bitcoin cryptocurrency Marketing Taxes 124

PYMNTS

FEBRUARY 28, 2020

B2B payments market. ” There is also the growing risk of tax compliance, as markets like Europe and Latin America move to capture greater tax revenues. However, Cichy said that the company will likely turn to a third-party solution provider to enable the function.

Taxes 209

Taxes Data Fintech Compliance 209

PYMNTS

APRIL 21, 2020

Plus, the IRS has shelved processing tax refunds to make room for sending stimulus payments. Instead, millions went to companies traded publicly on the stock market, businesses with thousands of employees and even to some firms that were about to fold before the coronavirus crisis hit. Public Businesses Reap PPP Relief Of $300M.

Company 141

Company Payments Taxes Fraud 141

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.

Taxes 115

Taxes Compliance Security Fraud 115

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

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

MARCH 3, 2020

Andrew Tyrie, chairman of the Competition and Markets Authority (CMA), a competition regulator in the U.K., He spoke at a CMA conference on Tuesday (March) and said there had “probably been underenforcement of merger control in digital markets.” He also called for stronger abilities to go after large tech companies.

Regulation 140

Regulation Conference Taxes Marketing 140

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

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

Independent Banker

OCTOBER 1, 2022

Financial fraud and cyber attacks aren’t a one-age-fits-all scenario. Community banks can find ways to mitigate age-related fraud through technology, as well as by educating their customers of their particular risks. Reports about fraud losses: Millennials vs. people 40+. How to minimize age-related fraud.

Fraud 133

Fraud social media Millennials Examples 133

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. The real estate market is enticing to more than just new homeowners or investors. Real estate market AML risks Real estate is a proven, traditional, and well-established marketplace.

El Paso 195

El Paso Miami United States New York City 195

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

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.

Compliance 150

Compliance Cards Management Taxes 150

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

MARCH 15, 2017

According to a recent report from logistics provider DHL , the cross-border eCommerce market is poised for big growth over the next few years: The company anticipates the value of the international eCommerce market will grow to $900 billion by 2020. Other companies are working to help cross-border merchants defend against global fraud.

Report 100

Report Taxes Fraud Tools 100

PYMNTS

FEBRUARY 21, 2020

trillion by 2020, but new sales channels also invite emerging fraud forms. More than $1 trillion is expected to be spent on cybersecurity solutions worldwide between 2017 and 2021 as companies address the need for protections and make major investments in digital fraud-fighting techniques. The Sizable Online Fraud Threat.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

PYMNTS

MAY 28, 2019

A German investigation of Cum-Ex tax deals involves as much as 447.5 Cum-Ex deals, which are no longer allowed, involved taking advantage of a German practice on tax refunds for dividends. When they were in use, an entity paying dividends withheld the tax automatically, but the payment was certified by the shareholder’s bank.

Taxes 108

Taxes America Groups Report 108

FICO

AUGUST 12, 2019

Child identity fraud is an alarmingly large and growing problem. . A 2018 report released by Javelin Strategy & Research found that more than one million children were victims of identity fraud in 2017. As I’ve blogged about previously, synthetic identity fraud is rampant , and fraudsters are growing ever-more sophisticated.

Fraud 40

Fraud How To Resources Report 40

PYMNTS

DECEMBER 16, 2020

Read More On Restaurants: ChowNow: AI Helps Independent Restaurants Fight The Growing Threat of Digital Fraud DoorDash And Uber Fee Hikes Will Test Business Model – And Restaurants’ Patience COVID Surge Prompts Gov. The ability to order food online and the ability to pay for it digitally came in a close second and third, cited by 38.5

National 160

National New York City Policies New Jersey 160

PYMNTS

JUNE 14, 2018

Identity theft is an unfortunately reality for more consumers as data breaches continue to rock the market. “Small business identity theft – stealing a business’ identity to commit fraud – is big business for identity thieves,” warned NCSS CEO Mary Ellen Seale in a statement. million, in 2016 alone.

Fraud 109

Fraud Taxes Resources National 109

PYMNTS

JULY 29, 2019

We’re even more convinced that this transformative combination will extend leadership and value for clients, create important opportunities for associates and deliver above-market returns for shareholders for many years to come,” he noted.

Data 185

Data Leadership Taxes System 185

PYMNTS

APRIL 21, 2020

Mexico’s eInvoicing requirements began back in 2004, when its tax authority, the SAT, first developed its eInvoicing legal framework. Its eInvoicing traction isn’t the only way the Mexican market differentiates itself from the U.S. For accounts payable, it’s a one-stop-shop to make a payment.”.

Payments 144

Payments Software Taxes Cards 144

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. Additionally, reports on Monday (Aug.

Regional 108

Regional Taxes System Guidelines 108

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

FEBRUARY 3, 2020

As open banking frameworks continue to encourage bank-FinTech collaboration , the financial services market is exploring new ways to unlock data — not only with banks, but with each other. For corporates and their accountants, the opportunities in data integration between payroll and accounting and tax portals are similarly vast.

Data 184

Data Security Taxes blockchain 184

PYMNTS

SEPTEMBER 16, 2019

At the Monday press conference, Arkansas Attorney General Leslie Rutledge said the AGs, across political parties and demographics, stand together to “protect the free market, protect competition and … the American consumer … against this online, search engine juggernaut.”. On the Continent — and Taxes in Sight.

social media 122

social media Google Taxes Arkansas 122