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Deloitte Blockchain Use Case Category Real Estate Blockchain Use Case Example. Blockchain ensures the reinvention and digitization of the real estate world. Drawing up, recording and managing lease and purchase contracts has been a labor-intensive, costly job for decades. By applying blockchain technology this can be faster, more reliable and more efficient.

The blockchain use case video shows how Deloitte has developed a platform to handle rental and other real estate contracts digitally. Amadeus Blockchain Use Case Category Travel Blockchain Use Case Example. Amadeus continuously seeks innovations that will stand the test of time and deliver value to the industry. Blockchain is a new enabling technology that for its unique characteristics, is expected to revolutionize many industries, including travel.

Amadeus blockchain use case video provides a general overview of the blockchain evolution as well as its unique characteristics. Izetex Network Blockchain Use Case Category Gaming Platform Blockchain Use Case Example. Izetex provides an open platform for the game developers, who will benefit from creating new games. It created a token concept which is based on the blockchain technology, that provides global reliability and trust for the protocol and token transactions.

Izetex Network s blockchain use case video shows how the cryptocurrency technology is used in gaming industry. Dubai Real Estate Blockchain Use Case Category Real Estate Blockchain Use Case Example. Watch these blockchain use cases to get ideas for marketing your own offering. While traditional real estate is very paper based and involves a lot of third-party players, including brokers and banks, the blockchain allows people to transfer funds, property titles and data in a more peer-to-peer manner that is digital and open source.

Dubai Real Estate s blockchain use case video shows how the blockchain technology is used to transfer money and assets. Standard Chartered Blockchain Use Case Category Banking Services Blockchain Use Case Example. Standard Chartered offers banking services in some of the world s most dynamic markets including Asia, Africa and the Middle East. The multinational banking firm has inked partnership deal with fintech startup EquiChain to join its blockchain pilot focused on bringing efficiencies to the capital markets.

Standard Chartered s blockchain use case video shows how global trade is revived by revolutionising trade finance and enabling digitisation. Aigang Blockchain Use Case Category Digital Insurance Blockchain Use Case Example. Aigang is a Blockchain Protocol for Digital Insurance. It enables insurance marketplaces for IoT devices that are fully automated due to the application of smart contracts.

Dubai Real Estate created the blockchain system using a smart and secure database that records all real estate contracts, including lease registrations. Such marketplaces behave as decentralized platforms allowing to invest in insurance and claim profits from insurance premiums as well as get insured. Aigang s blockchain use case video shows how blockchain protocol which makes digital insurance secure.

IQ Option Blockchain Use Case Category Trading Brokerage Blockchain Use Case Example. Being one of the leading brands in the industry, the company is focusing its attention on the blockchain and the possibilities that come with it. The firm creates a cross-chain solution that enables transactions across different blockchains. IQ Option s blockchain use case video introduces blockchain and explains secure transactions.

Cognizant Blockchain Use Case Category Financial Solutions Blockchain Use Case Example. Today s mortgage processes are complex, too many participants, transactions that leading to delays, higher costs and reconciliation issues. The blockchain-based solution from Cognizant for US Mortgage can address all these concerns. Privatix Blockchain Use Case Category P2P Network Blockchain Use Case Example. Privatix is a decentralized and autonomous P2P VPN Network on blockchain with internet bandwidth marketplace powered by own crypto-economy.

With this, any user can sell his spare or idle Internet broadband to the Network and get paid for it instantly with crypto. The payments come from buyers, who purchase the bandwidth via third-party applications or directly. The blockchain use case video shows how Cognizant s blockchain is used to cut costs, reduce fraud and manual errors, improve operational efficiency, etc.

Steem Blockchain Use Case Category Social Media Platform Blockchain Use Case Example. Privatix s blockchain use case video shows how blockchain is used to build a secure peer to peer network. Steem is a blockchain-based social media platform where anyone can earn rewards. It is a blockchain-based rewards platform for publishers to monetize content and grow community. The blockchain use case video gives an overview of Steem and how it can be used to gain rewards and grow communities.

It is a social news service which runs a blogging and social networking website on top of a blockchain database. Plutus app designed for merchants is one-tap solution equipped with features to track POS transaction data across all your stores, generate service request like charge slip paper roll request, terminal breakdown etc. By connecting bitcoin and blockchain technology with pre-existing global contactless payment infrastructure, Plutus opens the doors to shopping with bitcoin at your local brick mortar stores.

The blockchain use case video shows how Plutus empowers to make secure payments. Medicalchain Blockchain Use Case Category Medical Solutions Blockchain Use Case Example. Medicalchain uses blockchain technology to securely store health records iqoption fora do ar maintain a single version of the truth. The different organisations such as doctors, hospitals, laboratories, pharmacists and health insurers can request permission to access a patient s record to serve their purpose and record transactions on the distributed ledger.

The blockchain use case video shows how Medicalchain stores and shares electronic health records. Plutus Blockchain Use Case Category Payment Solutions Blockchain Use Case Example. Ripple Blockchain Use Case Category Financial Solutions Blockchain Use Case Example. Ripple provides global financial settlement solutions to enable the world to exchange value like it already exchanges information.

Ripple solutions lower the total cost of settlement by enabling banks to transact directly, instantly and with certainty of settlement. The blockchain use case video showcases how Ripple has made very easy to share money anywhere and anytime. Publica Blockchain Use Case Category Content Platform Blockchain Use Case Example. Publica is a platform for authors, readers, books of all kinds and the people who make them. It brings the publishing economy into the blockchain revolution.

Using the technology, it carries all kinds of transactions and exchanges for the publishing economy. The blockchain use case video shows how Publica supports Blockchains in the long tail of publishing derivatives such as movie scripts, games etc. with the requisite legal frameworks. TradeIX is the world s first open platform for trade finance. TradeIX Blockchain Use Case Category Trade Finance Platform Blockchain Use Case Example.

Powered by distributed ledger technology, its secure and connected API-driven platform facilitates the movement of assets and credit around the world. The blockchain use case video showcases how TradeIX has rewired the world of trade finance. Acciona Blockchain Use Case Category Sustainable Solutions Blockchain Use Case Example. Acciona is a leader in providing sustainable solutions for infrastructure and renewable energy projects across the world.

Acciona s blockchain use case video shows how the technology can be used in construction industry. The Burnie Group Blockchain Use Case Category Consultancy Service Blockchain Use Case Example. The Burnie Group is an experienced management consulting firm that helps clients design innovative strategies. It advises you on available options, vendor selection, capabilities and track record, perform due diligence and validation of offerings as it has become important for companies to have a well-informed blockchain strategy.

The blockchain use case video shows how The Burnie Group helps companies to cut costs, improve efficiency, improve security, and move to new iqoption fora do ar opportunities. WE CAN HELP CREATE THE FOLLOWING VIDEOS. Overview Video Brand Video 2D 3D Animated Explainer Video Marketing Video Promotional Video Youtube Teaser Videos Business Use Case Study Videos How To Videos. Key takeaways from the above blockchain use cases are. Build a strong creative brief Find a reference video or combine multiple video elements from different sources Work with a company that can understand your video production requirement easily.

With the above blockchain use cases, it s evident that companies are fast integrating videos in their marketing campaigns and various other touchpoints. If you are planning to develop these videos, a good start is to develop a brief of what can be the tone and style for your videos. We at Advids create custom videos based on your brief. We advise you to be different and unique while you create your messaging through the videos.

If blockchains implemented correctly, it can improve construction s transparency and efficiency in a number of ways, that s what Acciona exactly shows us. With a complete video production services plan at a fixed price, our design team works right from concept development, to art design and animation. Having created 2000 plus explainers for businesses, our Creative team can help you come up with the right fit. Do talk to us or send us a note on what your company plans to create with for the next video requirement.

1 - 10 of 42 reviews. by Craftsman from NE Pennsylvania on Fri Sep 21 2012. I want to address the bad reviews I have read - Not enough power It s 1. a Ferrari it ain t; but what it has works fine for me ; No glove box Has a tray under the passenger seat, and I bought a lockable box at the Dollar Store for between the front seats ; No center arm rest if your hands are at 10 Doesn t seat 4 no duh.

What do you expect in a 10 ft long car. - it s a 2 seater on steriods to keep insurance costs low ; No trunk room fold down the rear seats and there s ample room - it s a 2-seater on steroids ; Stopping distance is too long Don t tailgate, fool. Seat headrest is not adjustable you did not notice this when you bought it.

Many cars have this feature, as it is stronger and safer than the adjustable headrests. Bumpy ride it s a 78 in. wheelbase, only 18 in. longer than my 650cc Suzuki Burgman. Now for MY complaints - I m tall, need to sit back - visor is not long enough on the driver s door I bought a plastic extender - issue fixed. Terrible blind spot on the driver s side had to tweak my left and center mirrors, but I ve got it covered.

look over your left shoulder before changing lanes. There is no cigarette lighter power port yes, but it doesn t work with a lighter 8- Now for my Pro comments. Very comfortable seating and ride - I have no issues with the acceration, but have not yet taken it out to an area where I can safely test the handling responsivenesslove the default Pioneer sound system old guy, dropped 3.

5 GB music on a 10 USB stick, and I have DAYS of tunes that I can put in my pocket, no need for Satillite radio, CD s etc. A head turning quotient of 9. 5 on a 10 scale. I can park 2 of these in my garage, front to back. LOL I can do a 360 in my driveway. It is fun to drive, economical, and looks good.amazing gas milage with no hybrid battteries to replace, regular gas, unlike the Smart4Two which runs on Premium combined highway and local getting 37 MPG.

77 out of 77 people found this review helpful. by Claud from Orange County, NY on Mon Jul 15 2013. I ve put 2k miles on the car already and I got it at 4k miles certified pre-owned. This car is awesome. plain and simple. Either you love or hate it based on what it looks like from looking at it for the first time. but don t be so judgmental. It s WAY bigger on the inside than it looks, so don t judge it just yet when you first see it.

Secondly, this car gives me 41 MPG on average when driven using the eco. I live in a very mountainous area and the car has the power to accelerate over a huge hill mountain. I was pleasantly surprised to see how the engine actually has power to it. Now, its no mustang, but I used to own a Hyundai Accent and it accelerates better than my old car. and it has way better fuel economy.

I commute 140 miles a day. I really think this is the BEST option for a car if you want a one that comes very close to hybrid fuel economy, without the price and expensive maintenance. Note the car fits 3 people kind of comfortably, but its really meant for two. My dog rides in the back very comfortably. 27 out of 27 people found this review helpful. by Eddy from Georgia on Fri Mar 30 2012. I am a 37 Year old man 6 2 tall and weigh 235 lb. I bought this car for work, I drive mostly in town and wanted some thing that got good gas mileage and was easy to park.

You would not think this car would suit me, but you would be wrong. This fit the bill for me exactly. I looked at many new cars before I chose this one. At first, I thought it would just be too small after driving my Lexus ES300 for years. But was amazed at just how roomy it really is. Very easy to get in and out of and the front seats adjust nicely. Keep in mind that I normally drive alone so I cant not complain about no room for others. But if you need to haul around more than two adults, look else where.

This car is great for a commuter and fits in places no other car can. If you read a bad review on this car, Stop and look at what they are complaining about. You will quickly see that they bought the car for the wrong reason and should have just bought something else. Always drive every car in the class you can before buying. Don t write bad reviews to cover your own mistakes. by Lessismore from on Wed Sep 05 2012.

This car will seat four but it is a compromise. I am six two and can sit behind myself on the passenger side but not the drivers side, In that area a child would fit. When there are only two in the car and the seats are back there is more room than any car I can mention. A big plus is the width which is wider than any other small car and this provides plenty of elbo room. if you regularly carry four this is not the car to buy unless all are small.

Its a short very maneuverable fun to drive, practical and economical highly individual car for nipping iqoption fora do ar but still capable of making long journey s. Those new owners complaining about passenger space or an uncomfortable seat show a lack of judgement when choosing the car. If I were to change anything it would be the highly reflective glossy center section of the dash that blinds the driver when the sun hits iqoption fora do ar a certain angle. Inexcusable from the interior designer.

22 out of 22 people found this review helpful. by Joseph from Oregon on Sat Aug 27 2016. My wife and I absolutely love the iQ. We are both 6 feet tall and find it a pleasure to enter and exit it. No more dropping into the seat or climbing out of it. And once inside, it is surprisingly iqoption fora do ar, spacious, and very comfortable. The iQ is an ingenious design and purposefully and built vehicle for getting around the city, as well as making shorter trips outside of the city we know, because we do it quite often with no issues whatsoever.

It is a high quality vehicle built by Toyota quality and reliability. It is a very stable little car both in the city and on the highway. It is a joy to drive due to its comfortable interior, high upright seating position, great outward visibility, amazing agility and turning radius. Add to this the ability to park virtually anywhere and 40 mpg we are averaging 42 mpg and what more could one ask for in a micro car. Disregard the negative reviews from so-called professional automotive reviewers.

They forget what the purpose of the iQ is all about. you should read all the great reviews by actual owners. This is the only way to get a true assessment of any vehicle--including the iQ. We purchased our 2015 iQ used, with approximately 6,000 miles on it. We love it so much that we purchased a Toyota Factory New Car Extended Warranty eight years and 100,000 miles platinum warranty because we intend on keeping it for many years. 17 out of 17 people found this review helpful. by Nugget from Knoxville, TN on Tue Feb 04 2014.

Everybody loves this car. People ask me about it everywhere i go. People of all sizes have fit in it with me; large and small. I love cruising around in it. I never put more than 23 to fill it up. Only thing i don t like is the gas gauge bars AND IT DOESN T HAVE CRUSE CONTROL UGHHH. I drove all the way to canada 12 hours and it would have been nice. by RevAl from Anchorage, AK on Mon Jan 02 2012. Ordered it in the middle of November, arrived first week of Dec.

First one sold in Alaska. Is doing every thing I wanted. I don t fit the young tuner demographic, needed a urban, drive to work, visit my church family, hospital calls etc. Perfect for what I needed. To those of you that have read a marginal review, this one needs about 3 days, not 3 hours, to grow on you. It s not big, fast or a guzzler, it will get you there cheaply and in style. Should change Americas view of micro cars.

by Cyclerosis from Gerrardstown, WV on Wed May 03 2017. After returning a Beetle TDI to Volkswagen, I used the monetary award to purchase this car for the perceived fuel economy and am averaging 40 mpg, though often get better. I use it mainly to commute, but it s a capable highway driver as well and is comfortable on longer drives. Because of it s tiny stature, the iQ is incredibly responsive, has a very tight turning radius and with the standard 1.

3L engine with less than 100hp, it displays surprisingly good off the line performance, even if highway acceleration lags a bit. The Pioneer sound system sounds very good at lower speeds, but is hampered a little by road noise at highway speeds. Interior quality is very nice and definitely not cheap looking, although, I think Toyota should have offered choices in seating material, instead of just polka dots.

I leave the rear seat backs folded down due to the cramped rear space, and while a third passenger could fit fairly comfortably behind the passenger seat, that is not so behind the driver seat. For my daily round trip commute of 40 miles, this is the right car for me. 10 out of 10 people found this review helpful.

by Walt from Massachusetts on Mon Jul 02 2012. I ll start by saying that I m 6 and over 300lb. I can easily get in and out of the car comfortably. The iQ is way roomier than anyone would guess from looking at it from the outside. I find the look to be fantastic and it has top notch materials from what I can see. While it s not fast I ll say that getting out in front of traffic or on the highway is zero issue. If you need to get out quickly use the S setting on the shifter then shift into D after hitting cruising speed.

Standard features like traction control, ac and fantastic stereo with Bluetooth streaming is nice for the money. Mine replaced my 02 Accord and I find this more comfortable to drive and I don t think reliability will be an issue. Can t recommend the iQ enough for anyone who doesn t need to cart more than 2 people regularly. 7 out of 7 people found this review helpful.

by Mimi from Sacramento CA area on Sat Mar 15 2014. Toyota told me I was the first person to purchase ths car in the U. Quite a distinction. I had seen it was overseas some years ago and was interested in it then but didn t think it would ever make it to the U. It was rolled off the truck at the dealership one night and I was waiting there the next morning.

All it had to do was pass 4 tests. Easy to get in and out, good visibility out the back, merge safely on the freeway and be in my price range. It passed all with flying colors. When merging I m doing 70-75 mph before I know it and have to let off the gas. I have had 3 adults in the car but since that is rare for me I have removed the rear headrests, put the back seat down and keep it that way.

I have had a spare tire made up and there is plenty of room for it in the back along with all the other stuff I need to haul around at times. It is roomy in the front seat cabin and I really do forget how small the car is until I see it parked somewhere. I like making those tight u turns and seeing other drivers astonished faces. I enjoy everything about it and if it was totaled tomorrow I have no doubt I would replace it with another iQ.

The only thing difficult about that decision would be deciding on the color. 6 out of 6 people found this review helpful. 2014 Scion iQ 3dr HB. Custom with upgrades Eye Catcher - Led interior lights, Wing Spoiler with leg light, custom pedals, upgraded speakers, high quality decals, rust checked, well maintained with history documents, after market upgraded wheels - upgraded interior - Very Sporty - Automatic Every. 0 2014 Scion iQ for sale in Barrie. Great car for driving and parking in the city Well maintained, have all the dealer receipts Have the used Ontario vehicle information package Comes with 4 winter tires and rims Small scratch front right bumper Fuel efficient.

Car is super clean Accident free A C Safety AUX USB Bluetooth Please book your test drive by contacting 5194982299. List your car here. Reach millions of car shoppers locally and nationally for free. We analyzed similar vehicles in your area and calculated that this vehicle is priced lower than the average making it a Great Price. 2015 Scion iQ 3dr HB. We analyzed similar vehicles in your area and calculated that this vehicle is priced a bit lower than the average making it a Good Price.

We analyzed similar vehicles in your area and calculated that this vehicle is priced slightly higher than average making it a Fair Price. Contact seller for details. A 16-month investigation revealed that the people in the alleged crime circle staged crashes and filed false insurance claims, Georgia Department of Insurance spokesman Glenn Allen said in a news release.

Payouts from 12 companies involved in more than 50 suspicious claims totaled 155,925, Allen said. Staged crashes, false claims lead to 26 arrests in auto insurance fraud ring. The crackdown on insurance fraud by the office of Insurance Commissioner Ralph Hudgens brings 326 charges against these suspects listed by hometown. Warrants for the arrest of 26 people were issued Wednesday in connection with an automobile insurance fraud ring, officials said.

Albany Kenya N. Americus Maurice Young, 34. Columbus Timothy M. Buena Vista Deandra R. Lewis, 25; Rodney R. Lockett, 25; Angelia E. Jones, 49; Emory C.27; Mackery A. Cuthbert Deidra S. Williams, 42. Lumpkin Kamesha Lockett, 23; Jason D. Martain, 23; Moses Jackson, 32; Safia A. Streetman, 40; Corderro D. Thomas, 24; Devonta Waddy, 24; Annie P. Richland Leroy L. Johnson, 49; Terry Lyn Jones Johnson, 45; Chandra Michelle Jones, 44; Nekito Jones, 40; Devonta D. Josey, 23; Jasmine D. Pollard, 24; KeShawn Pollard, 23.

Marys Brittany C. Phenix City, Ala. The 326 charges range from fraud and theft by deception to racketeering and exploitation of an elder person, Allen said. East Point Shalawn L. Fraud Investigators allege that the ring attempted to get payouts totaling more than 500,000. The Muscogee County District Attorney s office is prosecuting the case.

Also, the suspects allegedly used multiple aliases and stole identities on the insurance claims to avoid detection by insurers, Allen said. Employee fraud is one of the most expensive liabilities organizations face, yet many companies wait until they are victimized before they put into iqoption fora do ar the comprehensive fraud controls needed to prevent it.

Know the fraud schemes and red flags to protect your company from harm. 41 Types of Fraud and How to Detect and Prevent Them. The ACFE has been reporting on employee fraud statistics since 1996 in their Report to the Nations and year after year they report that companies continue to lose, on average, five per cent of revenues to employee fraud. Types of Fraud and Theft. One of the biggest challenges of detecting, investigating and preventing employee fraud is the fact that there are so many types of fraud and theft that require different methods for discovery.

Every department presents opportunities for employees to steal, although it s been widely reported that a disproportionate percentage of theft is carried out by employees in senior positions and that employees involved in accounting and finance are the most frequent offenders. Most types of fraud schemes fall into the following categories. Asset Misappropriation. Vendor Fraud.

Accounting Fraud. Payroll Fraud. Bribery and Corruption. Don t gamble with your company s investigation processes. i-Sight software is a better way to manage investigations. i-Sight is a specialized investigative case management tool to make your investigations more efficient and consistent. Request your demo of i-Sight to find out how users are saving time, closing more cases, reducing risk, and improving compliance. So you ve found the fraudster in your organization.

Download the free cheat sheet How to Confront Employee Theft. Asset misappropriation is a broad term that describes a vast number of employee fraud schemes. Simply, it s the theft of company assets by an employee, also known as insider fraud. Asset misappropriation schemes include. Check Forgery. An employee forges a signature on a check made out to himself herself or to someone else.

Check Kiting. An employee writes checks on an account that doesn t have sufficient funds with the expectation that the funds will be in the account before the check clears. This type of fraud scheme is less common nowadays, with faster check clearing times. Check Tampering. An employee alters the payee, amount or other details on a check or creates an unauthorized check.

An employee steals product from a company, either by physically taking it or diverting it in some other way. Theft of Cash. Most common in retail environments where cash exchanges are common, this type of fraud covers simply. Stealing cash Skimming not registering a sale and pocketing the cash Return fraud an employee colludes with someone else to return goods fraudulently for a refund Any other scheme that involves the removal of hard currency.

Theft of Services. An employee misuses company services or company-funded services, for example, an employee at an auto shop gets the mechanics to do his oil changes for free. Inventory Theft. Expense Reimbursement Fraud. Also called expense fraud, this type of fraud includes. Forging receipts Double claiming for expenses Submitting false reimbursement claims Inflated expense claims.

Expense Account Fraud. An employee uses a company expense account for personal expenses and submits them as business-related. Procurement Fraud. This can also include expense reimbursement fraud, above. This type of fraud includes schemes such as over-ordering product then returning some and pocketing the refund, purchase order fraud where the employee sets up a phantom vendor account into which are paid fraudulent invoices, or initiating the purchase of goods for personal use.

This can include vendor fraud schemes as well as creating false customer accounts to generate false payments. Payment Fraud. Altering payee details on checks and payables Self-authorizing payments Colluding with others to process false claims for benefits or payments. Workers Compensation Fraud. In these types of fraud, an employee exaggerates injuries or a disability, invents injuries that did not occur or attributes injuries that occurred outside of the work environment to work to receive compensation pay.

Employees also commit workers compensation fraud when they lie about their health or work status while receiving compensation. Head over to our 31 Warning Signs of Workers Compensation Fraud article for more information about detecting and preventing workers compensation fraud in your organization. Health Insurance Fraud. Commission Fraud. An employee claims a reimbursement for medical or health services not received.

An employee inflates sales numbers to receive higher commissions, falsifies sales that did not occur or colludes with customers to record and collect commissions on falsified sales. Personal Use of Company Vehicle. An employee conspires or colludes with health care providers to defraud an insurance company by submitting false or inflated receipts. This is similar to theft of services, but involves the employee using a company vehicle and often the company-issued credit card for fuel for unauthorized personal activities.

Preventing Detecting Asset Misappropriation. To prevent and detect asset misappropriation. Conduct thorough background checks on new employees. Implement checks and balances. Separate the functions of check preparer and check signer. Rotate duties of employees in accounts. Conduct random audits of company accounts. Don t pay commission until goods are services have been delivered. Keep checks in a locked cabinet and destroy voided checks.

Implement an anonymous ethics hotline to encourage employees to report wrongdoing. Implement a fraud response plan to detect fraud sooner and prevent future schemes. Download our template to get started. Vendor fraud can be committed by employees acting alone or in collusion with vendors. This type of fraud can also be committed by vendors on their own.

Step 1 Examine your vendor files. To find out what to look for, download the free cheat sheet 16 Ways to Identify Fictitious Vendors. Examples of vendor fraud are. Billing Schemes. In a billing scheme, an employee generates false payments to himself herself using the company s vendor payment system either by creating a fictitious vendor shell company or by manipulating the account of an existing vendor.

An employee participates in a bribery scheme when he or she accepts or asks for payments from a vendor in exchange for an advantage. Bribery and Kickbacks. A check tampering scheme involves forging, altering or creating unauthorized checks. An employee steals checks for payment to a vendor and alters the payee or forges the vendor s signature to deposit them in his or her personal account. A vendor pads invoices to charge the company for more goods than it ships or to charge a higher price than agreed.

This can be done in collusion with an employee, who receives a kickback or by the vendor alone to defraud the company. Price Fixing. This type of fraud occurs when competing vendors collude amongst themselves to set a minimum price or price range. This makes both vendors prices appear competitive and ensures the company pays an inflated price no matter which vendor is chosen.

While employees of the company are not usually involved, they sometimes provide information to the vendors about pricing and budgets to facilitate this fraud. To prevent and detect vendor fraud. Preventing Detecting Vendor Fraud.

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