A Largo telemarketer, together with several of his companies, are to pay $2.5 million to end the dispute concerning their participation in a scheme. The latter was about helping pharmacies seek Medicare and Medicaid payments of up to $25.000 for pain medicines being retailed for less than $10. This article will tell you more about the case and will also...
Illicit trade has to do with smuggling, counterfeiting and tax evasion, human and wildlife trafficking. It causes progress to dwell on the dark side, adds to the overall costs and stops the growth of the goals. Just read below to know more about the topic and find a trustworthy payments specialist that can help you avoid online payment processing fraud...
During the first quarter of this year, more than the 70% of the 3.1 billion transactions made by online shoppers across Europe, the Middle East, and Africa (EMEA) originated from mobile devices. With the uptick in mobile purchases also comes the increase in cybercrime and fraud attacks. Between January and March 2019, the ThreatMetrix EMEA Cybercrime Report: Q1 2019 shows...
Europol went public with a report on the ongoing counterfeiting, and what came out should be an eye-opener. The cross-national police force was working with European Union Intellectual Property Office (EUIPO), and their investigations came to one conclusion; professional syndicates organize most of these crimes. This was the first-ever Intellectual Property Crime Threat Assessment covered the entire European Union. And...
Canada is not a crime-free paradise as many US citizens assume! According to a new investigation by the US State Department, Canada is one of the leading money laundering countries, perhaps comparable to notorious ones like Iran, China, Paraguay, among others. The report highlighted that Canadian banks aren’t taking the necessary Anti Money Laundering measures, a practice that has turned...
A recent online survey shows that people who pay for purchases with debit cards or prefer to would consider using point-of-sale credit to pay for even common household items, like groceries. This indicates that consumers are willing to embrace alternatives to credits, even if it means paying installments for everyday items. According to New York City-based Auriemma Research, about 40%...
Financial services companies will spend $11 billion on artificial intelligence in 2020, according to an analysis by IDC. It’s money well spent in the payments industry, which recognizes all of the possible opportunities, including fighting fraud, streamlining underwriting, and improving the user experience. But what does the future look like? In the near and distant future, consumers and merchants can...
Though most payments fraud is due to identity theft and organized crime in North America, the continent also sees a standout number of incidents due to terrorism as compared to other developed regions. According to the information-security firm Terbium Labs’ report, “The Next Generation of Criminal Financing: How Payment Fraud Funds Transnational Crime,” 8% of the 154 criminal cases in...
Despite the legal uncertainties surrounding cannabidiol (CBD), interest and business is booming. The U.S. Food and Drug Administration has issued warnings, noting there is little scientific evidence backing up the promoted benefits of CBD or whether its use can cause harm to people and animals. This warning comes despite mass roll outs of creams, lotions, drinks, food, supplements, and other...
Visa will buy the Los Angeles-based Verifi, which offers tools that help merchants, acquirers, and issuers to resolve chargebacks. This is especially impactful considering rising chargebacks in the industry. Though the terms of the acquisition were not announced, Visa said it will integrate Verifi’s technology with the risk-management offerings from CyberSource and Cardinal Commerce. Visa acquired CyberSource in 2010 and...
