Abrigo

DECEMBER 10, 2024

It can take many forms, such as misusing or stealing money, coercing an older individual into signing documents, or improperly using conservatorship, guardianship, or power of attorney. This crime against the elderly typically involves assets being taken through deception, coercion, or threats.

Fraud 195

Fraud Training Software social media 195

PYMNTS

NOVEMBER 29, 2018

Federal authorities in Germany raided six offices of Deutsche Bank on Thursday morning (November 29), searching for evidence about money laundering and offshore tax havens, according to a report by The Wall Street Journal. The searches could very well continue into Friday, authorities said.

Taxes 129

Taxes United States Report Company 129

PYMNTS

JANUARY 24, 2019

Data and analytics company Ascension has suffered a data leak that exposed more than 24 million loan and mortgage documents from some of the country’s biggest banks. Unfortunately, the server wasn’t password protected, giving anyone access to the documents. It’s those documents that were exposed, Diachenko said.

Taxes 155

Taxes New York Security Data 155

Abrigo

NOVEMBER 17, 2023

Stop : Driving to pick up bank statements and other supporting documents from a borrower or making repeated phone calls to secure them, and tracking documents needed for loan processing on a spreadsheet one by one as they trickle in. Stop manual tax-data entry. Generate fully documented ones with one click.

Lending 221

Lending System Software Taxes 221

Perficient

JANUARY 18, 2023

Ensuring the security of your proprietary and customers’ data is paramount to staying in line with ethical and regulatory standards and retaining customer trust. . Each category has a different sensitivity and will require different security controls. . Are there entitlements and security controls in place for sensitive data? .

Regulation 275

Regulation Data Security Compliance 275

PYMNTS

AUGUST 13, 2018

Tax policy. The move to grab billions of dollars in holdings amid wild speculation has come against a backdrop where tax policy remains unsure. The upshot may be taxes owed, or penalties looming … or both. You can’t tax something – a least not easily – without defining what is being taxed. A currency?

Taxes 100

Taxes Policies cryptocurrency Guidelines 100

PYMNTS

MAY 2, 2016

The Internal Revenue Service has estimated that the business of tax evasion is a costly one for the government. Tax cheats cost the government as much as $458 billion annually, according to data tabulated between 2008 and 2010. As noted by Fortune , public awareness over tax evasion has been heightened.

Taxes 100

Taxes US United States Fraud 100

Payments Source

APRIL 11, 2019

Tax-related identity theft can be especially worrisome, not only for the monetary consequences it carries, but tax documents often contain highly sensitive information, like Social Security numbers, writes Paige Schaffer, president and COO of Generali Global Assistance’s Identity and Digital Protection Services Global Unit.

Taxes 69

Taxes Security Innovation Fraud 69

Abrigo

JANUARY 17, 2023

Takeaway 1 Many financial institutions used a customer portal for PPP, but once the program ended, went back to old manual processes, Takeaway 2 Automating lending provides a secure portal between the bank and customer and automated workflows that speed origination. The customer portal for requesting financials and tax returns.

Lending 195

Lending System Customer Experience Case Study 195

PYMNTS

SEPTEMBER 17, 2020

Physical documents introduce a trove of friction points for the enterprise. Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. A (Digital) Document Deluge.

Compliance 157

Compliance Taxes Industry Data 157

PYMNTS

NOVEMBER 5, 2019

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments. I think this is a problem that requires a lot of solutions and a lot of layers of security.

Taxes 100

Taxes Bitcoin blockchain Seattle 100

PYMNTS

AUGUST 13, 2018

Tax policy. The move to grab billions of dollars in holdings amid wild speculation has come against a backdrop where tax policy remains unsure. The upshot may be taxes owed, or penalties looming…or both. You can’t tax something – a least not easily – without defining what is being taxed. A currency?

Taxes 100

Taxes Policies cryptocurrency Guidelines 100

PYMNTS

JANUARY 31, 2021

Kindambu, 49, “carried out the scheme in connection with two businesses that he owns by creating fraudulent payroll documentation for each business, and then submitting that documentation in support of the PPP loan applications,” the U.S. District Attorney’s Office for the Eastern District of Virginia stated in the release.

Virginia 222

Virginia Fraud Taxes Meeting 222

PYMNTS

AUGUST 17, 2020

9 in 10 of ASX 100 companies were found to have lapsed security strategies that allow for email spoofing and invoice scams , a new report from Agari said. According to reports, the individual had access to the business’s bank accounts, allowing her to make tax payments.

Fraud 237

Fraud Trends Report Security 237

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat. ” A memo included with the subcommittee’s documents also pointed to the U.S.

US 227

US Cyber Security Security National 227

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. Federal Trade Commission on Tuesday (Sept.

Taxes 134

Taxes Fraud Operations Security 134

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

MAY 19, 2020

In an application to the first lender, Yates allegedly asked for $5 million in PPP loan proceeds by claiming to have 400 employees with an average monthly payroll of $2 million, according to court documents in the U.S. District Court in Texarkana. In the second application, Yates said he employed 100 individuals and obtained a $500,000 loan.

Texas 205

Texas Fraud Taxes Security 205

Abrigo

MAY 10, 2021

While a financial institution often primarily focuses on securing software to originate business loans, a commercial LOS provides scalability when it offers integrated solutions on one platform to manage all stages of the life of the loan. Without this, staff must engage in back-and-forth emails or phone calls to check the status of a loan.

System 195

System Lending Analysis Software 195

PYMNTS

JANUARY 19, 2021

He also allegedly submitted fake tax documents with both applications. Yates allegedly submitted a list of the purported employees with the applications, which he had obtained from a random name generator on the internet, the release said. Yates was charged with two counts of wire fraud.

Texas 263

Texas Fraud Taxes Report 263

Abrigo

DECEMBER 8, 2016

Document collection: A crucial part of any loan origination process is collecting the necessary documents from the borrower. In traditional loan origination processes the borrowers’ only options for submitting documentation are to either travel to the bank to submit documents in person, or to mail the documents.

How To 150

How To Lending Community Bank Software 150

PYMNTS

FEBRUARY 27, 2019

Even though biometrics offer notable security advantages, they do come with risks. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . Giving travel documents a biometric boost . A reported 3.6

Security 159

Security National Wyoming Idaho 159

PYMNTS

APRIL 24, 2020

BleepingComputer.com reports that the Coronavirus Aid, Relief and Economic Security (CARES) Act has triggered the latest round of scams. . The phishing expedition, as explained by AbnormalSecurity.com , requests the recipient’s signature for PPP documents. The fraudsters’ mission is to lure recipients with financial relief options.

Taxes 159

Taxes Exercises Security Study 159

PYMNTS

FEBRUARY 3, 2020

Daya Shankar Kushwaha was arrested by tax officers in New Delhi for allegedly using fake invoices worth over Rs 1,200 crore to get tax benefits, according to reports on Monday (Feb. Kushwaha reportedly used fraudulent Input Tax Credit (ITC) of Rs 124 crore. .

Taxes 132

Taxes New York Fraud Report 132

Current

DECEMBER 9, 2020

You've filed your tax paperwork, and then the question begins swirling in your mind. How long does it take to get a tax refund? There is a time lapse between your tax refund being processed and you actually receiving that money. Sign up to get your tax refund up to five days faster. When Can I Expect to Get My Tax Refund?

Taxes 90

Taxes Data Tools Examples 90

PYMNTS

OCTOBER 21, 2020

The hackers published the contribution in addition to tax receipts for 0.88 The document came after a teenage hacker and accomplices in July got into Twitter’s network, took control of different high-profile accounts, and tweeted out a “double your bitcoin” scam. in bitcoin ( valued at approximately $10,515 as of 7:04 P.M.

Bitcoin 234

Bitcoin New York Taxes Report 234

PYMNTS

MAY 30, 2019

The financial impact of the data breach – which included bank account numbers, Social Security numbers, financial and tax records, and images of drivers’ licenses – is more than $5 million, according to the damages the lawsuit is seeking. First American was the title insurer for 11 housing deals.

Data 148

Data Pennsylvania United States Security 148

PYMNTS

MARCH 18, 2020

A common scheme involves fraudsters posing as tax officials — a particularly effective tactic during the first quarter, when restaurants are preparing employee W2s and corporate tax documents. Those that do can then be identified for further training, eliminating weak links in the security chain.

Fraud 177

Fraud Training Data Taxes 177

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

APRIL 30, 2019

Suspension, Taxes and a Breach. Securities and Exchange Commission (SEC) announced that it has temporarily suspended the trading of Bitcoin Generation shares (BTGN) from the Oklahoma-based cryptocurrency exchange. In other news, Australia wants to make sure crypto traders are paying their fair share in taxes.

Bitcoin 134

Bitcoin Taxes New York Oklahoma 134

Abrigo

JANUARY 27, 2017

Dealing with slow, confusing and labor-intensive loan application processes that can take anywhere from 2-4 weeks to complete and secure funding is causing small business owners to look elsewhere for credit. By reviewing which documents don’t necessarily need a “wet ink” signature the bank can significantly shorten the application timeline.

Online 150

Online Capital Software System 150

Abrigo

AUGUST 28, 2019

When commercial bankers making $200,000 a year are driving all over town to pick up supporting documents just to get the completed loan application moving forward instead of calling on prospects, inefficiencies of a manual application system are personally frustrating. This reduces bottlenecks and is easier for borrowers and lenders.

Lending 150

Lending Analysis Taxes Data 150

PYMNTS

DECEMBER 10, 2020

the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc. Plus, HM Treasury is seeking input on the challenges that the sharing economy brings for value-added tax (VAT). and Europe the ability to send secure funds to 12 nations in Africa for a reduced charge. Canada, U.K.

Payments 178

Payments Google Technology Taxes 178

Abrigo

SEPTEMBER 6, 2017

Secure portals allow secure uploads of documents minimizes the member to upload digital files seamlessly without having to print, scan, fax and/or email documents.

Survey 150

Survey Taxes Fintech Comparison 150

South State Correspondent

MAY 30, 2024

We work with well-known national CPA firms that specialize in working with banks specifically to claim their ERC tax rebate. Our team has worked with approximately 55+ banks and secured over $82 million in credits. The average tax rebate is approximately $1.5 We will set up a call to discuss your situation, timing, and risks.

Georgia 195

Georgia Alabama New Jersey Taxes 195

PYMNTS

APRIL 30, 2019

The resulting document shows the extent of bank supervisors’ failures to catch the money laundering or stop it from happening. The document illustrates how little action was taken to respond to the warnings, a move that the EBA says is a breach of EU rules.

Virgin Islands 129

Virgin Islands Taxes National Regulation 129

Abrigo

OCTOBER 22, 2015

Financial statements, tax returns, collateral appraisals, rent rolls, loan agreements, economic data, credit reports, images, etc. all factor into credit decisions, making document and data management a big deal for bankers. Then they proceed to handover PDF documents. IT Resources Required.

Data 150

Data Software Security Taxes 150