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Ingo Money’s Edwards: Government Disbursement Modernization Depends On Digital Engagement

PYMNTS

There is no customer experience between the government, as a payer, and the citizen recipient. Right now, the IRS has everything it needs, except for one big, important thing: the ability to electronically engage a citizen safely, asking how she wants her money.”. And it’s a problem that is fairly unique to the government, he noted.

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How Automation Can Help With FATCA Compliance

PYMNTS

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. New policies put the onus on payers, not payees, to guarantee accurate information on tax forms.

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How Machine Learning Fights “Hypnofraud”

FICO

Around tax season, hypnofraud spikes as fraudsters claim to be Internal Revenue Service (IRS) employees (or HM Revenue & Customs in the UK), using spoofing to make telephone calls look like they are coming from IRS phone numbers. Devices that a payer has used in the past to make payments.

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Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms.

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Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms.