πŸ‡¦πŸ‡ΊAustralia

Ghost Rider Payments

2 verified sources

Definition

Lack of verifiable boarding records permits fraudulent ridership claims to schools/governments.

Key Findings

  • Financial Impact: 2-5% of transport contract value (AUD 10,000-50,000/year per school contract)
  • Frequency: Ongoing during billing cycles
  • Root Cause: No automated proof of student boarding for invoice validation

Why This Matters

The Pitch: Manual tracking enables 5-10% revenue fraud via ghost students. Automated verification prevents overbilling losses.

Affected Stakeholders

Billing Staff, Contract Managers, Auditors

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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