Scam factories, where perpetrators themselves are victims of a system they help perpetuate, present a significant challenge to the integrity of global financial networks, resulting in an estimated $75 billion lost over the last four years. These fraud factories operate predominantly across developing markets like...
Software-as-a-service (SaaS) solution providers experience a bevy of challenges when managing their non-payroll spending. For one, these firms too often rely on time-consuming, inefficient manual processes to manage this spend, which includes suppliers’ invoices and employees’ expenses, leading to delays impacting critical parties. Another flaw...
March 13, 2024
Scam factories, where perpetrators themselves are victims of a system they help perpetuate, present a significant challenge to the integrity of global financial networks, resulting in an estimated $75 billion lost over the last four years. These fraud factories operate predominantly across developing markets like Cambodia, Laos and Myanmar, Claire Greene, a payments risk expert […]
May 01, 2024
The Federal Trade Commission (FTC) has announced a settlement with payment processing company BlueSnap and its former CEO Ralph Dangelmaier and former Senior Vice President Terry Monteith. The FTC charged these defendants with knowingly processing payments for deceptive and fraudulent companies from 2019 to 2021, the agency said in a Wednesday (May 1) press release. In its federal court complaint, the FTC charged […]
