PYMNTS

APRIL 10, 2019

One of the largest challenges for procurement chiefs today, according to Sovos VP of Strategy Christiaan Van Der Valk, is tax compliance, and it can easily trip up organizations as regulations become more complex — and as regulators’ strategies to ensure tax compliance become more sophisticated.

Taxes 139

Taxes Compliance Regulation Data 139

PYMNTS

SEPTEMBER 24, 2020

Fraud Threats To Digital Banking. Another threat is identity fraud, in which bad actors will either steal an individual’s identity or forge a new one, and then use it to open new accounts or apply for fraudulent loans they have no intention of paying back. Identity fraud accounted for $16.9

Video 205

Video Fraud Digital Banking System 205

PYMNTS

AUGUST 12, 2020

Venezuela may be going forward with a plan to allow the use of the Petro (PTR) cryptocurrency to pay taxes, according to Cointelegraph. The system would be used to look into alleged illegal deals with digital assets and to locate crypto funding schemes that are involved in money laundering and terrorism, according to CoinDesk.

Taxes 160

Taxes Bitcoin cryptocurrency New York 160

PYMNTS

APRIL 10, 2020

TurboTax , the online tax preparation service, has said it is launching a free stimulus registration system to help people who don’t need to file a tax return. Approximately 10 million people in the country don’t have to file taxes, and roughly 80 percent can receive a stimulus check. . Trackers and Reports.

Taxes 216

Taxes Tools Payments Los Angeles 216

Abrigo

FEBRUARY 5, 2021

You might also like this webinar: "Detecting PPP Fraud: Optimizing Your AML Solution". Takeaway 1 To prevent the kind of fraud that plagued the Paycheck Protection Program in 2020, the SBA has put new measures in place that have created challenges. PPP fraud-prevention challenges arise. New Guidance Out. That issue was resolved.

Fraud 195

Fraud Lending Taxes Regulation 195

PYMNTS

OCTOBER 19, 2020

Meeting this fraud threat will require in-depth knowledge of fraudsters’ techniques and advanced technology and customer vigilance, according to Jamie Armistead , vice president and business line leader for banking app Zelle. “We We split out scams and frauds,” he explained in a recent interview with PYMNTS.

Fraud 171

Fraud Analytics System Examples 171

American Banker

JANUARY 10, 2024

The agency plans to restrict access to a system that provides borrower tax returns to mortgage lenders beginning June 30. Left out of the loop, small-business lenders say getting credit to borrowers will become more difficult as a result.

Taxes 71

Taxes Data System Fraud 71

Abrigo

MAY 10, 2021

Features of a Commercial LOS What basic functions should a loan origination system complete? Takeaway 1 Know the features and functions of a loan origination system (LOS) if your financial institution is shopping for one or upgrading. What should an LOS vendor provide? . You might also like this Aite Group report on LOS vendors.

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System Lending Analysis Software 195

PYMNTS

NOVEMBER 14, 2018

As the saying goes, nothing in life is certain but death and taxes. To be certain of taxes, will blockchain seal the deal? Last week, Thailand’s Revenue Department was reported to be bringing blockchain projects into the fold to track tax payments, aided by machine learning.

Taxes 141

Taxes blockchain Data Report 141

PYMNTS

JULY 15, 2019

In Australia, a new report shows just how widespread internal fraud in the Commonwealth, aimed at government agencies, has become. This past week it was reported that, per an investigation by the Australian Institute of Criminology, such fraud amounted to $42 million over the past year. Grayson Jr., owner of Zealcon Corp.,

Fraud 109

Fraud Cards Taxes Payments 109

PYMNTS

FEBRUARY 18, 2020

This creates new security challenges as firms must learn to centrally manage their fraud protection methods while also gauging threats across many different channels. Fraud orchestration can help solve this issue as it allows banks to build holistic fraud prevention defense systems and gain 360-degree views of their customers.

Fraud 131

Fraud Customer Experience Compliance Survey 131

PYMNTS

SEPTEMBER 12, 2019

FIs and FinTechs increasingly encounter new forms of fraud as they expand their digital operations, making it all the more important that they have strong risk assessment and compliance systems in place. A team of analysts can only handle so many potential fraud cases at a time, after all. . resources.

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

JANUARY 24, 2021

Cygnet Infotech promotes FACE as a product that handles not only conventional accounting processes, but also provides specialized handling of challenges around goods and services taxes. India uses its Invoice Registration Portal to track business activity and ensure compliance with tax laws.

Taxes 178

Taxes Compliance Software Fraud 178

PYMNTS

AUGUST 29, 2019

Reuters is reporting that the tax agency said it was going to appeal the decision. It’s also considering taking legal action against hackers who got into the system, in an attempt to make them responsible for the fine. The National Revenue Agency (NRA) in Bulgaria was fined 5.1 million levs ($2.9

Taxes 102

Taxes Data Study System 102

PYMNTS

DECEMBER 12, 2017

Airbnb , the short-term, home-sharing site, has removed a payment system in France that was deemed controversial. The company told the newswire that less than 1 percent of hosts in the country of France use the system. Still, it decided to remove the card, following “concerns [that it was] tied to possible debit card abuse.”

System 100

System Regulation Payments Taxes 100

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. As he sees it, “credit card fraud is the slush fund for much worse stuff.”.

Fraud 184

Fraud Cards Data Maine 184

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. Payroll Professionals Inc.

Philadelphia 178

Philadelphia Fraud Taxes Survey 178

PYMNTS

AUGUST 24, 2020

CryptoTrader.Tax lets users put trades into its system from dozens of digital currency exchanges and automatically create tax reports that can be brought into TurboTax, according to the report. He noted that the attacker could view support center information and took a file that had data with the inclusion of 1,082 email addresses.

blockchain 160

blockchain System Bitcoin Taxes 160

PYMNTS

AUGUST 24, 2018

In addition, China’s Alipay is working to step up efforts to monitor its platform for peer-to-peer crypto trading transactions, as it also taking more measures to prevent fraud. . automated payment management system, customers can pay for the mobile phone or utility bills, as well as make loan repayments.

Fraud 100

Fraud Taxes System Payments 100

PYMNTS

JUNE 19, 2018

Kenya’s biggest mobile phone operator, Safaricom , is against a proposed tax rise on mobile phone-based cash transfers. But Safaricom’s CFO Sateesh Kamath said the tax hike would only serve to discourage the drive towards modern payments systems. The proposed tax increases also included a new “Robin Hood” tax of 0.05

Taxes 100

Taxes Mobile Maine National 100

PYMNTS

MAY 10, 2019

The voice ID system was put into place in January of 2017. The system was criticized for not informing citizens that they didn’t have to agree to participate. The Information Commissioner’s Office (ICO) conducted the investigation after receiving the complaint, and found that the tax office collected the data illegally.

Taxes 108

Taxes Data System Groups 108

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

FICO

MARCH 25, 2022

While it may seem like an esoteric topic, explainability in fraud management is important – and it’s especially relevant when it comes to using AI and machine learning in fraud detection and prevention. In other words, a fraud management system isn’t a black box. Proprietary or shared fraud detection models?

Fraud 52

Fraud Management System Course 52

PYMNTS

JUNE 21, 2019

Fraud knows no boundaries. Aside from the political implications of such claims, The New Yorker ‘s report pointed to the fraud risks that organizations face, even from the C-Suite. It also highlighted the predicament that organizations face if a C-Suite executive is found committing fraud. In the U.S.,

Fraud 108

Fraud Baltimore cryptocurrency Maryland 108

PYMNTS

JUNE 12, 2019

The university now serves those who need to take online classes, grading them with a competency-based system that requires them to demonstrate they have learned the required materials. One of the biggest forms of education-related fraud is as simple as it is prevalent: students sending someone else to take tests for them.

Online 145

Online Fraud Analysis Study 145

PYMNTS

OCTOBER 25, 2017

There are different levels of fraud management an organization can implement, from completely in-house to completely outsourced. But for a company planning to build an internal team to manage and prevent fraud 24/7, it’s important to understand the value and limitations of this approach.

Fraud 101

Fraud Management Tools Analytics 101

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

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. Second Cost: Do-It-Yourself Systems.

Fraud 100

Fraud Taxes Online Report 100

Abrigo

MARCH 22, 2023

Trade-based money laundering is the process of moving illegal funds through the international trade system to legitimize them. A well-known example of a TBML system is the Black Market Peso Exchange , where U.S. 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

DECEMBER 23, 2019

Egypt is readying an electronic invoicing mandate for consumers to pay their taxes, an initiative that reports said will eventually expand to standardize invoicing in government procurement processes. Reports in Zawya on Monday (Dec. Reports in Zawya on Monday (Dec. That effort also aims to go live in 2020, reports said.

Taxes 130

Taxes Conference System Mobile 130

PYMNTS

AUGUST 17, 2018

To that end, a finance platform based in Switzerland, Advanon, has grappled with fraud, as reported by p2p-banking.com. The invoices were then financed by 78 private investors – and the fraud resulted in ill-gotten gains worth about two million euros. Underhanded Doings in the Land Down Under. 1 of 2013 and the end of March 2018.

Fraud 100

Fraud Payments Wisconsin social media 100

PYMNTS

JANUARY 15, 2021

These violations, said FinCEN, “caused millions of dollars in suspicious transactions to go unreported in a timely and accurate manner, including proceeds connected to organized crime, tax evasion, fraud, and other financial crimes laundered through the bank into the U.S. financial system.”.

Capital 268

Capital New Jersey Groups New York 268

PYMNTS

MAY 19, 2020

He is charged with wire and bank fraud, and making false statements to lenders and the SBA. The department and our law enforcement partners will use all the tools at our disposal to investigate and prosecute frauds against the Paycheck Protection Program.”. Attorney Joseph D. Brown of the Eastern District of Texas, in a statement. “We

Texas 205

Texas Fraud Taxes Security 205

PYMNTS

MAY 21, 2020

The new Preventing Financial Crimes Playbook explores the latest financial crime developments, including a rise in financial fraud related to the ongoing COVID-19 pandemic, new threats targeting digital payment apps and guidance from PNC Financial Services on how multilayered defense systems can help curb the tide of digital scams.

Fraud 131

Fraud Tools Training Taxes 131

PYMNTS

JUNE 2, 2020

At the time that a product is brought into a product system, the filing notes, its information could be included in “the creation element” at the beginning of a ledger for that object. In the event that a certification rule is met, a record could be made to show transfer of the product from a provider to the catalog system.

blockchain 142

blockchain United States Taxes System 142

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.

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Cards Payments Taxes Study 188