PYMNTS

AUGUST 6, 2019

Latin America is often considered to be the world leader in electronic invoicing thanks to government mandates, but the Asia Pacific region is quickly gaining steam in its eInvoicing efforts, too. on the benefits of an eInvoicing mandate, noting that it would address the nation’s current tax challenges. On Monday (Aug.

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Regional Taxes System Guidelines 108

PYMNTS

MARCH 12, 2019

In addition, the problem of fraudulent tax returns could keep growing as digital processes come to the tax-filing-and-return space. 10 : The number of countries in the region in which Grab operates. billion : The amount of theft, at a minimum, caused by fraudulent tax returns in 2016.

Taxes 122

Taxes Regional Data Mobile 122

FICO

MAY 25, 2017

million digital records exposed the dark deeds of dirty money and tax evasion and burst the bubble of pretense that the world is effective at dealing with corruption. One in five banks in Asia Pacific say that they expect tax evasion to increase 100 to 500 percent over last year’s levels according to a recent poll by FICO.

Taxes 40

Taxes Survey Compliance Regional 40

PYMNTS

MARCH 16, 2017

“Our expansion into the country was driven by customers who are looking to conduct more business in this increasingly important region. Now they will have access to fast, efficient processing while simultaneously reducing the risk of fraud.”. TrustWeaver will provide the Tungsten platform with compliant digital e-signatures.

Taxes 100

Taxes Compliance Fraud Regional 100

PYMNTS

MARCH 15, 2017

Other companies are working to help cross-border merchants defend against global fraud. ACI Worldwide is also working with Digital River World Payments to provide fraud solutions for the company’s eCommerce merchants. Notable News from the X-Border Space.

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PYMNTS

OCTOBER 4, 2017

In a press release, Trulioo said the tool can help verify if a business is real in order to enable companies to detect cybercrime, fraud and other criminal activity, like tax evasion or money laundering. Trulioo , the global identification company, announced news on Wednesday (Oct.

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Tools Company Fraud Compliance 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

MARCH 5, 2019

Expectations can differ from region to region regarding timing of payments, taxes, currencies, regulatory differences – and we look at all of those variables.”. She stated, too, that a fraud detection team is tasked with watching for and preventing account takeovers.

Regional 148

Regional Mobile Security Fraud 148

PYMNTS

FEBRUARY 21, 2019

That’s not so say that everyone involved with mileage reimbursement is a crook (though, of course, mileage fraud does persist). Beyond that, though, using the IRS rate can lead to unnecessary expenses, including tax-related ones, for employers. Mileage Misconceptions. Different Programs.

Taxes 128

Taxes San Francisco New York City Case Study 128

PYMNTS

JULY 22, 2019

KeyBank’s Costly Payroll Fraud Problem . Regional banking force KeyCorp disclosed a massive fraud that could potentially cost as much as $90 million – according to reporting out of CNBC last week. A loss for KeyCorp – but by far not the weeks’ biggest, or most explosive case of fraud. Starting with.

Data 100

Data Security Fraud Indiana 100

PYMNTS

OCTOBER 22, 2018

And New England isn’t the only place enjoying the autumn chill as it sets in — although we are perhaps enjoying it more colorfully with the region’s famed foliage. The report excluded data on shop-at-home purchases and includes information about frauds reportedly directly to the FTC between January and September of this year.

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Data Fraud Cards Regulation 134

Gonzobanker

AUGUST 17, 2022

Plaid acquired ID verification and KYC/AML compliance platform Cognito Mitratech Holdings acquired compliance risk and vendor management solution Continuity Mitek acquired KYC onboarding and analysis solution HooYu Equifax acquired post-transaction fraud solution Midigator.

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

JANUARY 6, 2017

It never takes long for cybercriminals to find new avenues to perpetrate fraud. Fraud On The Line. The call center employees would then demand immediate payment from scam victims to cover bogus taxes that were never paid and owed. In the past, India wasn’t known for large-scale fraud, but that is changing.

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Video Fraud Security social media 133

PYMNTS

JUNE 2, 2016

The firm has said that SmartVM uses a variety of mechanisms through which to automate supplier information: robotic process automation, interfaces with a number of governmental agencies, including tax agencies, and vendor records that are tied to APEX Analytix’s several decades of work within supply chain management.

Data 100

Data Analytics Fraud Taxes 100

PYMNTS

OCTOBER 10, 2017

“Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded. Regional Trends. What’s Holding Them Back.

Payments 124

Payments Regional America Trends 124

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. In Spain, regulators are reportedly exploring how to support blockchain developers.

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blockchain Los Angeles Regulation Oregon 130

PYMNTS

MARCH 29, 2018

Emailage stopped almost twice as much potential fraud in 2017 as in the previous year. billion in potential fraud was prevented, compared to last year’s $1 billion. While some countries are struggling more than others, Emailage found that every region is facing new challenges in the wake of EMV going online.

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cryptocurrency Regional Bitcoin Cards 109

PYMNTS

MARCH 4, 2019

Nordea, the biggest bank in the Nordic region, is being accused of handling millions of dollars in suspicious transactions for several years.

Virgin Islands 116

Virgin Islands Taxes Regulation Regional 116

PYMNTS

DECEMBER 8, 2016

Not so for other parts of the world: Government mandates are looking to reduce corruption and fraud and enhance reporting capabilities through eInvoicing requirements. In Europe, analysts at the Organization for Economic Cooperation and Development found that eInvoice mandates are helping Europe to promote tax compliance and detect fraud.

Compliance 100

Compliance Regulation Taxes Fraud 100

PYMNTS

JULY 3, 2018

Those that felt ready had invested in knowledge of local markets and tax codes, new tech and/or new vendors. After four years of growing its presence in the Salt Lake region, AvidXchange has moved into a new facility — part of a $35 million investment it’s making in its West Coast base of operations. AvidXchange.

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National Charlotte Regional Operations 101

PYMNTS

OCTOBER 7, 2020

This means individual transactions are unlikely to pop up on regulators’ or tax officials’ radar, thus keeping the operations under wraps. Perpetrators process their funds through thousands of smaller transactions rather than a few larger ones. How Payment Providers Stop Money Laundering.

Payments 171

Payments Analytics Online Retail 171

PYMNTS

MAY 23, 2017

Raimundo Diaz, head of Americas at TMF Group, and Jason Gerlis, regional director of North America at TMF Group, both chatted with PYMNTS about the findings in the report. He pointed to Ireland, which successfully shaped tax policy to attract FDI in the market, as well as jurisdictions in Asia that are doing the same.

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US Compliance Taxes Trends 100

PYMNTS

MARCH 22, 2018

At Mastercard, he created and structured a business where he served as president of Mastercard’s Europe, Middle East, Africa and Canada regions until his appointment as president and CEO. According to Equifax , Selander served as president and CEO of Mastercard from 1997 until 2010.

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Puerto Rico United States Leadership Data 101

PYMNTS

DECEMBER 27, 2016

The world of global payments is evolving rapidly — driven by an increasingly global economy, expanding consumer buying power in regions like Asia and South America, rising adoption of digital payment methods and increasing concerns over security and transparency. Payments 2016: The Year Of The Emergence Of The Global Citizen.

Payments 113

Payments eBook Regional Study 113

PYMNTS

DECEMBER 11, 2019

In Norway, banking group Eika Group announced an investment in and collaboration with EedenBull in an effort to help traditional financial institutions in the region strengthen financial services to business clients. Eika Group, EedenBull Team for Banks. Alliance Bank Taps Into Ephesoft Data Capture.

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Fintech Groups Data Strategy 132

PYMNTS

FEBRUARY 15, 2019

Reports indicated that four Amazon executives met in Governor Cuomo’s office with “the presidents of the New York State AFL-CIO, a regional chapter of the Teamsters and his group, as well as some officials from the governor’s office.” Card-present fraud slides, again: Continued traction is evident in the fight against fraud at the register.

New York 115

New York New York City Virginia Nashville 115

FICO

FEBRUARY 27, 2019

Recent Asian money laundering scandals continue to shake up the financial world, and the ripple effect is still keenly felt across the region. To add to the concern, new types of transactions outside of banking are emerging as money laundering risks in the region. Tax Evasion: Have We Learned the Panama Papers Lesson?

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Compliance Regional Survey Analytics 45

PYMNTS

JANUARY 19, 2021

But reaching a broader range of consumers, accommodating their payment preferences, and satisfying regulatory and tax issues in unfamiliar territory introduces a host of new operational challenges for these companies. The shift to digital commerce has opened up new markets for companies across all verticals and sizes.

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Branding Taxes Fraud Regulation 322

CB Insights

FEBRUARY 13, 2020

Fraud prevention tools. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. Payments companies assumed risk for losses associated with chargebacks, fraud, KYC, or AML, while also providing support, dispute management, and reporting. Fraud prevention tools.

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Online Company Retail Payments 98

Jeff For Banks

NOVEMBER 24, 2019

billion in assets, had 87 full-time equivalent employees, and accounted for two-thirds of the town's tax revenue. Another depressed town due to the general economic malaise that bedraggled the region when the steelmaking industry moved elsewhere. However, it seems unlikely that McConnell didn't orchestrate the fraud.

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National West Virginia Virginia Pennsylvania 78

PYMNTS

MAY 27, 2016

Konfio links microbusinesses in the region to financing. “We will have more partnerships with banks to help with services like fraud and online payment protection.” For the small and medium-sized enterprise, tax returns are a pain, but noncompliance could cost them big. ” BigID. The startup, which raised $2.1

Capital 100

Capital Management Taxes Security 100

PYMNTS

MARCH 12, 2018

If so, some measures come into play – aimed at shielding investors from fraud, and well, unleveled playing fields – that haven’t been in play. Obviously, there are tax issues and you’ve got the IRS involved,” said Patel. The landscape is an unregulated one. And the debate hinges on some key tenets: Are ICOs really securities?

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Regulation Security Course blockchain 117

PYMNTS

MAY 12, 2017

In 2014, its first year in business, the company quickly signed up over 200 customers in Europe and then determined it needed to expand outside the region to build momentum. Another company facing similar difficulties is MangoPay, a Luxembourg-based marketplace and crowdfunding payment solution provider.

Payments 109

Payments Compliance Guidelines Comparison 109

FICO

DECEMBER 21, 2016

Just as in adjacent spaces — fraud, cybersecurity — analytics help investigators pick the most suspicious activities based on study of a wide range of factors. Today, it’s really only Tier 1 banks that use analytics in AML, KYC and tax compliance areas. We expect that to change. We will see the next Panama Papers revelations.

Compliance 40

Compliance Analytics Taxes Groups 40

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud. Here are excerpts.

Fraud 52

Fraud Cards Report Analytics 52

Abrigo

MARCH 3, 2021

While the typologies of EIP fraud are not new, FinCEN has provided examples of trending types of EIP-related criminal activities. . Takeaway 1 FinCEN has provided examples of the trending types of EIP fraud. . Takeaway 3 FinCEN has requested specific SAR filing instructions for EIP fraud. . Red flags for EIP fraud.

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Fraud Payments ATM Trends 195

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Mozido’s fintech fraud fiasco. And others disappear forever.

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Fraud Las Vegas Company Video 78