PYMNTS

FEBRUARY 26, 2020

Software developer and Ukrainian native Volodymyr Kvashuk, 25, from Renton, Washington, worked for Microsoft from 2016 to 2018, and was tasked with testing Microsoft’s online retail sales platform. On fake tax returns, he said the bitcoin was gifted to him from a relative. dripping fraud and deceit every step of the way….

Fraud 207

Fraud Bitcoin Washington Taxes 207

PYMNTS

MARCH 23, 2020

Officials are warning of a rise in phishing attacks, while retailers have also been warned about fraud risks, with Amazon recently removing 1 million products for allegedly making fraudulent claims, recent Forbes reports said. Below, PYMNTS looks at some of the latest data points around the fraud threat. The report surveyed U.K.

Philadelphia 178

Philadelphia Fraud Taxes Survey 178

PYMNTS

DECEMBER 13, 2016

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 We’ve settled into providing services as a payments and fraud business.”. Radial knows a thing or two about fighting fraud. “We’ve

Fraud 100

Fraud Virgin Islands Pennsylvania Taxes 100

PYMNTS

DECEMBER 12, 2017

Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. Booth has been arrested twice for retail return fraud related to gift cards and is now in recovery from heroin and oxycodone addiction at Gateway with Smith.

Retail 105

Retail Fraud Cards Florida 105

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.

Fraud 52

Fraud Payments Taxes Analytics 52

PYMNTS

MAY 12, 2016

Online merchants know very well that fraud costs them in many ways – in chargebacks, in false positives, in the friction that’s introduced at checkout that can cost a sale. But there’s nothing like putting the cost of fraud into the parlance that merchants know really well: units sold. Kount: Calculating The 9 Deadly Costs Of Fraud.

Fraud 100

Fraud Taxes Online Report 100

PYMNTS

SEPTEMBER 30, 2020

Both estimates come from loss ranges based on history, from similar prior programs, combining credit and fraud losses. economy isn't doing well in general, with retail employment down 45 percent since May — the sharpest downturn since the Great Recession, according to data from the Confederation of British Industry (CBI). billion).

Taxes 247

Taxes Retail Lending Fraud 247

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

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. He was ordered to pay $133,777.

Taxes 134

Taxes Fraud Operations Security 134

PYMNTS

SEPTEMBER 14, 2018

Amazon’s B2B Biz : Amazon is everywhere — and while retail is the name of the game, B2B is growing by leaps and bounds. In fact, Amazon’s B2B is growing faster than retail, as Amazon Business is on track to hit $10 billion in sales this year, just four years after launch — it took the unit only one year to reach $1 billion in sales.

Fraud 139

Fraud cryptocurrency Bitcoin America 139

PYMNTS

APRIL 26, 2017

In an increasingly complex consumer landscape, creating a coherent retail strategy requires synthesizing hundreds of data points on industry, consumer and competitor trends. Other days, I spend looking at partners that, when combined with our services, could add something to the retail ecosystem that the world doesn’t even know it needs yet.

Strategy 100

Strategy Retail Online Data 100

PYMNTS

MAY 22, 2019

In a press release , Wirecard said retail agents in India will collect the data needed for the cards – also known as PAN (permanent account number) cards – digitize that data and forward it to UTIITSL, which will then issue the cards and send them directly to customers. The cards can also be used as proof of identity.

Cards 122

Cards Taxes Fraud Technology 122

PYMNTS

MAY 8, 2018

The decision is intended to both prevent fraud and reduce errors, the retailer said. The news comes as major retailers like Target , Home Depot , Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend.

Tennessee 101

Tennessee Policies Retail Fraud 101

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.

Fraud 101

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.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

SEPTEMBER 8, 2020

Should I leverage the online capabilities?’ — taxes that budget,” Gauthier said. He said retailers and service providers need to address such anxieties as they sketch out their digital and omnicommerce strategies and think about what new tech to put in place. Should I send my kids to school or not? Gauthier said.

Innovation 223

Innovation Retail Millennials Tools 223

PYMNTS

JUNE 7, 2019

While digital fund disbursements clearly can affect insurance claims, government tax returns and gig economy workers’ paychecks, it’s reimbursements that play a major role for the retail industry. On the other hand, almost all (95 percent) of U.S. consumers can now access same-day ACH, so the technology is there. It’s no small matter.

Online 178

Online Retail Study Video 178

Payments Source

NOVEMBER 2, 2017

It may seem weird or even risky at first, but e-invoicing not only reduces tax fraud, but also makes life easier for small businesses, writes Diego Caicedo, CEO of Portal Finance.

America 126

America Taxes Fraud Retail 126

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.”

Fraud 120

Fraud Taxes Community Cards 120

PYMNTS

NOVEMBER 10, 2017

No respondents have seen a boost in fraud. Attending to the unattended retail space: USA Technologies buys Cantaloupe Systems , boosting cloud and mobile functionality for vending. Some 14 months since launch, and among 125 FIs surveyed, 66 percent are making same-day funds available.

Retail 100

Retail New Jersey Taxes Virginia 100

PYMNTS

OCTOBER 22, 2018

In 2016, the Australian Tax Office pushed for a nationwide standard of electronic invoices. The retail sector’s adoption of eInvoicing standards was then followed by the launch of the Digital Business Council, which was developed for the sole purpose of creating a national framework of standardizing eInvoices. .

Taxes 139

Taxes Fraud National Industry 139

PYMNTS

JUNE 29, 2020

With the Wealthfront mobile app, customers with direct deposit can get paid up to two days early, as well as set up direct deposit for other payments like a tax refund or company expenses.

Fintech 151

Fintech California New York ATM 151

PYMNTS

OCTOBER 22, 2018

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. In all, losses to this emerging and increasingly occurring form of fraud reached $40 million in 2017, doubling the $20 million in losses reported 2015.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

OCTOBER 18, 2018

The world is full of inefficiencies, some more grating than others – such as B2B transactions’ ongoing reliance on paper for payments to the ongoing “tax” fraudsters and cybercriminals are exacting from businesses and financial institutions. percent: Uptick in the cost of fraud for U.S. financial services firms in the last year.

Data 123

Data Millennials Taxes Fraud 123

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. Funding, valuation, and investors.

Online 98

Online Company Retail Payments 98

PYMNTS

JUNE 13, 2019

The tokenization helps sidestep the vulnerabilities to fraud that exist when sending checks, ACH and wire transfers. As noted in Retail Dive, the two companies said in a press release that Visa banking and FinTech partners will have the option to use Currencycloud’s cloud-based payments platform. “Our Mastercard, Too.

Charlotte 189

Charlotte Payments Taxes Compliance 189

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 2, 2020

Managing suppliers typically involves manual processes, which makes it difficult to check identities and monitor documents, such as tax certifications. Trust Your Supplier is meant to save time and decrease the risk of errors and fraud by taking a decentralized approach and building a blockchain -based audit trail. Gartner Inc.,

blockchain 142

blockchain United States Taxes System 142

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

NOVEMBER 16, 2017

These retail products are sourced from around the world to help customers discover new items they haven’t seen before. And the team got another crash course in tax compliance after the first year, when a lack of planning left them scrambling at tax season to hunt down information and vendors — some of whom had since gone out of business.

Taxes 115

Taxes Compliance Course Payments 115

PYMNTS

JUNE 15, 2018

This comes as the newswire reports that retailers take as long as five to seven months to pay suppliers, as estimated by the ministry of trade. In the Middle East , RAK Bank has said it will offer Sage accounting software to business banking customers, in an agreement that helps those firms manage value-added tax (VAT) compliance mandates.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

OCTOBER 7, 2020

Online retail has exploded in popularity over the past 20 years, with online giants like Amazon, eBay and big-box retailers’ marketplaces becoming consumers’ go-to alternatives to brick-and-mortar merchants. The eCommerce industry is expected to generate $4.5 The eCommerce industry is expected to generate $4.5

Payments 171

Payments Analytics Online Retail 171

PYMNTS

DECEMBER 28, 2018

. “The big change in regard to KYC and customer onboarding for business banking came in 2018, when FinCEN created much more stringent requirements for banks to identify the ownership of businesses before they open bank accounts, in order to prevent criminal activity like money laundering, tax evasion and terrorist financing,” he said.

Compliance 186

Compliance Regulation blockchain Taxes 186

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. billion : The amount of theft, at a minimum, caused by fraudulent tax returns in 2016. 172 billion: The value of peer-to-peer (P2P) transfers consumers made via their bank accounts in 2018.

Taxes 122

Taxes Regional Data Mobile 122

PYMNTS

NOVEMBER 30, 2020

Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach. Adoption rates could rise even further in the near future as more retailers and other venues begin accepting virtual cards.

Cards 151

Cards Security ATM Data 151

Tomorrow's Transactions

OCTOBER 5, 2016

So we can see that in the US, as in the UK and many other countries, the rise of contactless and mobile payments means that the use of cash for retail transactions is falling steadily. Is card fraud really a barrier to cashlessness? Contactless transactions have now reached £2 billion per month in the UK.) Is this true?

Fraud 54

Fraud Cards America US 54

PYMNTS

DECEMBER 27, 2016

Snapdeal, the online retailer in India, has the answer to the cash crisis going on in the country: door-to-door delivery of cash. As reported by the BBC, taking those notes out of the financial system represented an effort to stymie fraud efforts, corruption and what the BBC noted as “illegal cash holdings.”

Taxes 108

Taxes Maine Online Retail 108