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Top News In Payments: Sensory, OEMS Team For Independence From The Cloud; PBOC Says Stablecoins Threaten Yuan

PYMNTS

Amid the common themes that emerged: Change will come to the point of sale, spurred by the continued shift to contactless ways to pay and more buying power for the mighty millennial. A ‘Diaper’ by Any Other Tax Code: The Complexities of Selling Across State Tax Laws.

Taxes 131
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Faster Payments Readies Global Payroll For A Paradigm Shift

PYMNTS

Time report collection, data aggregation across different formats and departments, data consolidation for processing, tax withholdings and benefits calculation must all be done, approved, and processed for on-time payroll. Compliance is still a major challenge.

Payments 127
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ADP’s Wisely Pay Bids To Smarten And Speed Up Gig Economy Payments

PYMNTS

As noted in a recent report commissioned by ADP, roughly half of Generation Z (47 percent) and about a third of millennials (at 31 percent) would turn down a job if unable to choose how money ends up in their pockets. Wisely Pay dovetails with ADP compliance solutions and an electronic payment program that is extant across 50 states.

Payments 125
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The Dawn Of A Cashless Global Economy?

PYMNTS

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. That would be millennials, ages 18–29, with 64 percent saying they prefer to use cards even for transactions under $5.

Taxes 100
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Can Non-U.S. Residents Open U.S. Brokerage Accounts to Trade Stocks?

MyBankTracker

Additionally, you’ll likely end up being asked to sign a W-8BEN (also known as the Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting form). If it does, you might end up paying higher taxes. Taxes to Consider. It needs to be renewed every three years. Don’t let it expire.

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Fizzle Of The Week: The Activist CFPB

PYMNTS

The CFPB also announced that in the meantime, it would be providing waivers to banks hit by the implementation deadline so that compliance efforts would not be complicated by rule changes. Costco for Millennials: Forget the dad jeans. South Korea is levying heavy duty taxes on trades. The reason?

Lending 101
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For SEC, Subpoenas No Mere “Token Interest” In ICOs

PYMNTS

Obviously, there are tax issues and you’ve got the IRS involved,” said Patel. Said Patel of the ICO-focused firms themselves: “My concern is that we need one agency to rule them all so they know what they need to do to be in full compliance.”. If defined as currencies, should the Department of Treasury be involved?