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

FEBRUARY 15, 2023

From a transaction-monitoring perspective, the risk and fraud departments should look for rapid transfers between accounts, money mule activity, and transactions with no reasonable explanation for action or source of funds. Fraud - Fraud is believed to be the largest generator of proceeds for criminals in the U.S.

Fraud 195

Fraud United States Training Policies 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.

Taxes 58

Taxes Analytics Compliance Resources 58

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

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.

Fraud 67

Fraud Taxes United States Study 67

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.

Fraud 177

Fraud Training Data Taxes 177

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.

Compliance 101

Compliance Taxes Study Strategy 101

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Preventing crime also includes thwarting tax fraud, and companies must obtain certain details to fulfill their tax reporting responsibilities.

Data 166

Data Management Taxes Meeting 166

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. 34 percent of furloughed employees were asked to commit furlough fraud , according to a survey from U.K.-based

Fraud 148

Fraud Missouri California Report 148

PYMNTS

JANUARY 16, 2020

17, that would relieve medallion owners from tax liability for debt forgiveness. Fed Study: Wholesale Payments Vulnerable In Bank Cyberattack. How AI Helps Marketplaces Fight Off-Platform Fraud. State and city leaders are planning to announce legislation on Friday, Jan. Google Improves Search To Make Apparel Easier To Buy.

Apple 130

Apple New York City New York Google 130

PYMNTS

JUNE 16, 2020

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. However, he noted that the move could negatively impact morale at DHS.

US 227

US Cyber Security Security National 227

PYMNTS

DECEMBER 16, 2020

The study found that 76.7 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 Delivering on Restaurant Rewards report found that 38.6 percent and 37.6 percent and 37.6

National 160

National New York City Policies New Jersey 160

FICO

MARCH 17, 2021

In this two-part series, I will explore some recent studies on TBML, the challenges faced in countering the problem and some industry trends. Two recent studies have provided a more in-depth analysis of the problem. This study, together with the U.S. Efforts to Combat Trade-Based Money Laundering”. As the U.S.

Study 98

Study United States Groups Trends 98

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

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

OCTOBER 8, 2019

Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. The umbrella company running Bitfinex and Tether , iFinex, has been hit with a $1 trillion class-action lawsuit. Together, Bitfinex and Tether manipulated a market that, by design, is supposed to be decentralized,” states the lawsuit.

Bitcoin 181

Bitcoin Taxes cryptocurrency Innovation 181

Abrigo

OCTOBER 25, 2014

After all, numerous studies show that attracting new clients costs a lot more than retaining existing ones. Studies have also revealed that the reason a client leaves may not be what accountants expected it to be. “When they think of their accountant, they think of taxes,” he says.

Taxes 284

Taxes Study Survey Fraud 284

PYMNTS

APRIL 24, 2020

IBM X-Force has released a study showing that since the World Health Organization (WHO) declared the COVID-19 pandemic last month, there has been a more than 6,000 percent increase in coronavirus-related spam, according to SecurityIntelligence.com.

Taxes 159

Taxes Exercises Security Study 159

PYMNTS

DECEMBER 14, 2018

13), cites Deutsche Bank’s “numerous enforcement actions,” as well as a recent raid by police officers and tax investigators in Germany. The letter from Warren and Van Hollen, sent on Thursday (Dec. In addition, it mentions the financial institution’s U.S.

Taxes 136

Taxes Compliance Study Operations 136

PYMNTS

JUNE 13, 2019

It’s undeniably advantageous to the world economy, with a recent study finding that national digital ID systems could induce GDP growth of up to 13 percent. Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. More than 4.5

Security 129

Security blockchain San Francisco United States 129

Abrigo

MARCH 23, 2017

However, a study by the Global Public Policy Committee called, “Enhancing Auditor Professional Skepticism” disagrees. Either way, with financial statement fraud on the rise, we need to strengthen our skepticism…not weaken it. Since leaving public accounting, she has been an internal auditor, a tax preparer and a Controller.

Analytics 150

Analytics Technology Data Study 150

PYMNTS

MAY 8, 2018

The decision resulted from a CDC study which found that those who were prescribed one or more days of opioids faced a 6 percent chance of addiction one year later, and those with such prescriptions lasting eight days or longer had nearly double the odds of addiction at 13.5

Tennessee 101

Tennessee Policies Retail Fraud 101

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

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. Studies have shown that digital commerce has higher return rates than with offline purchases. It’s no small matter.

Online 178

Online Retail Study Video 178

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 116

cryptocurrency Regulation Compliance blockchain 116

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. Some companies just push their luck a little too far. Total Funding: $1.1B.

Fraud 78

Fraud Las Vegas Company Video 78

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

CFPB Monitor

JULY 6, 2021

The Priorities, listed according to FinCEN “[i]n no particular order,” are as follows: Corruption; Cybercrime; Domestic and international terrorist financing; Fraud; Transnational criminal organizations; Drug trafficking organizations; Human trafficking and human smuggling; and. The Priorities and Their Utility. Proliferation financing.

United States 78

United States Fraud Regulation Compliance 78

PYMNTS

JANUARY 15, 2021

The goal of this initiative is to bring the country closer to its goal of a cashless society, as well as more accurately track transactions and avoid merchants falsely claiming a tax exemption. For more on these and other QR code news items, download this month’s Tracker. Decathlon On The QR Code Deployment Challenge For The U.S.

Retail 207

Retail Security Payments United States 207

Abrigo

MARCH 29, 2017

Since leaving public accounting, she has been an internal auditor, a tax preparer and a controller. A study by the Global Public Policy Committee, “Enhancing Auditor Professional Skepticism,” found that common judgment tendencies in auditors act to weaken skepticism and lead to bias.

Analytics 150

Analytics How To eBook Fraud 150

PYMNTS

SEPTEMBER 8, 2020

Gauthier said studies show that consumers have what’s called a “decision-making budget” — how much energy they can put toward making decisions — but COVID-19 is pushing that to the limit. “We Should I leverage the online capabilities?’ — taxes that budget,” Gauthier said. Should I send my kids to school or not?

Innovation 223

Innovation Retail Millennials Tools 223

PYMNTS

JULY 29, 2016

“Whether you know that you have a fraud problem or you don’t, sometimes, even the methods we use to deter fraud can limit us.” ” There’s a number of reasons why the fraud problem is getting worse, Bush explained. The social aspect of fraud is growing rapidly as well,” Bush noted.

Fraud 100

Fraud Tools Cards Resources 100

PYMNTS

DECEMBER 27, 2016

Both payers and payees are looking for protection against fraud and assurances of compliance with any international regulations. Schools, hospitals, tax agencies and others are not necessarily equipped to be in that business. Over 1 million international students studied at U.S. Security is also important.

Payments 113

Payments eBook Regional Study 113

Abrigo

APRIL 20, 2017

According to the AICPA, analytical procedures consist of reviewing financial information by studying plausible relationships between data and evaluating it for consistency. Are there indications of potential fraud? Since leaving public accounting, she has been an internal auditor, a tax preparer and a Controller.

Analytics 150

Analytics Referral Marketing eBook Data 150

PYMNTS

JANUARY 24, 2020

Fifty-one percent of United States consumers stated in the most recent PYMNTS Disbursements Satisfaction Report that they would prefer to receive tax refunds, child support payments and other government payments through instant payout methods. The Bank App Feature 54.1 Percent Of Consumers Agree They Want. But as reported Tuesday (Jan.

Payments 150

Payments New York Mobile United States 150

PYMNTS

JULY 3, 2018

Ahead of its global expansion, Tipalti conducted a study to find out. Those that felt ready had invested in knowledge of local markets and tax codes, new tech and/or new vendors. The Sydney office currently serves as the base of operations for the APAC region. The startup is now establishing an office in Singapore to fill that role.

National 101

National Charlotte Regional Operations 101

Qudos Bank

FEBRUARY 15, 2024

Case Study: The effects of a romance scam For a real-life case study, please visit the National Anti-Scam Centre website: Scamwatch for details on how a scammer left a victim broke after connecting via Facebook. You are asked to pay a deposit or overseas taxes or duty prior to being able to make a withdrawal.

social media 52

social media Case Study Online Video 52