PYMNTS

SEPTEMBER 8, 2020

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Regulation. The FAA’s role is to ensure that any [drone] operation is performed safely,” the FAA said in a statement to PYMNTS. and other countries.

Taxes 131

Taxes Google Apple social media 131

PYMNTS

OCTOBER 11, 2019

But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes. When [eCommerce companies] can’t get through the language barrier, the outcome is large-scale tax evasion, whether through ignorance, or whether through deliberate actions across the world.”.

Taxes 123

Taxes Course Company Training 123

South State Correspondent

JUNE 7, 2023

Bank ERC Background Bank ERCs is a refundable tax credit available to businesses, including financial institutions, affected by the global pandemic as granted under the CARES Act and modified by the Relief Act. Unable to hold in-person meetings—with customers, partners, regulators, industry representatives, and more.

Taxes 195

Taxes Meeting Operations ATM 195

PYMNTS

APRIL 12, 2016

China has some new taxes on goods imported through eCommerce sites, though it has also removed some duties that had previously been assessed. Food will now import at a higher duty price; previously the tax was 10 percent. Instead, it will wipe out those companies that were only seeking a policy loophole and operating in a gray zone.”.

Taxes 100

Taxes Policies Metro Retail 100

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Corporate buyers that have gathered enough information on potential business partners then need to answer to regulators. Digital Fixes.

Data 166

Data Management Taxes Meeting 166

PYMNTS

MAY 6, 2020

The COVID-19 pandemic has had a noted effect on how several industries can operate and interact with their customers during this time including retail stores, movie theaters and casinos. The COVID-19 pandemic has put a halt on some of that growth — no sports means no sports betting, for example — but it has not prevented its rise completely.

Online 222

Online Taxes United States Industry 222

PYMNTS

MAY 8, 2020

Supreme Court decision allowed sports betting in 2018 and inspired 2019 laws that govern the fledging industry in 10 states and set guidelines such as how online casinos can operate and how sports betting would be taxed. Pennsylvania reported similar figures, with tax revenues from brick-and-mortar gambling declining to $50.5

Online 176

Online Industry New Jersey Pennsylvania 176

PYMNTS

APRIL 14, 2020

Food delivery and Uber drivers, for example, are among those still able to work. Gig workers’ rights and benefits — including healthcare and access to unemployment — have become key topics debated by regulators in th e United States as they work to figure out how to provide support. How The Pandemic Is Impacting Business Regulations.

Regulation 285

Regulation Examples United States National 285

PYMNTS

NOVEMBER 1, 2018

Take, for example, markets like the food and beverage, pharmaceutical and medical supplies space. These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping.

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

MAY 3, 2016

This is proving particularly true for more and more cash-strapped states that have spent years staring at soaring traffic for online retailers but little — if any — increases in the taxes reaped from this digital, transcontinental economy. Fields, chair of Morrison & Foerster LLP’s state and local tax group, told Bloomberg BNA.

South Dakota 100

South Dakota Taxes Online North Dakota 100

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. It is likely that regulators will soon ask banks to come up with a plan.

Conference 195

Conference Payments Fraud Data 195

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. billion — 91 percent — of those penalties, while European regulators demanded $1.7 imposed a full $23.52

Fraud 189

Fraud Fintech Compliance Regulation 189

Abrigo

MARCH 22, 2023

A well-known example of a TBML system is the Black Market Peso Exchange , where U.S. For example, a seller exports $100,000 of goods to the buyer but only invoices the importer $10,000. Banking regulators and criminals understand TBML, so be sure your AML investigative team also does. Gain confidence in your BSA program.

Training 195

Training Fraud New Jersey Regulation 195

PYMNTS

JUNE 29, 2020

We cannot lift the restrictions without reassuring ourselves that the firm has been able to satisfy all our concerns, for example that all clients’ money is safe,” the Financial Conduct Authority (FCA) said in a statement. “We The United Kingdom’s regulatory authority said Wirecard AG was correcting issues raised by the $2.1

Taxes 223

Taxes Report Financial Technology Digital Banking 223

PYMNTS

MARCH 15, 2018

The draft regulation, as quoted by Reuters, targets what might be seen as harmful trading practices and states that “online intermediation services can hold superior bargaining power over their business users, enabling them to behave unilaterally in a way that is capable of harming the businesses using them.”.

Google 129

Google Apple Regulation Taxes 129

PYMNTS

AUGUST 3, 2020

Consumers have come to expect on-demand service when they watch movies, make online purchases or hail rides, for example, but this practice contrasts with how most employees are paid. McDonald’s and Outback Steakhouse began offering day-of payouts to employees two years ago, for example, and Walmart — the largest private employer in the U.S.

Payments 211

Payments Taxes Case Study Examples 211

PYMNTS

MARCH 26, 2018

Take the market’s VAT legislation, for example. Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. Tax fraud is a massive threat of corporates. The publication said VAT fraud costs the EU $1.9

Taxes 102

Taxes Fraud Compliance Regulation 102

Abrigo

FEBRUARY 5, 2021

Takeaway 3 Meanwhile, regulators continue to reinforce the importance of lenders knowing customers and beneficial owners. In a letter, the AICPA cited an example that, in many instances, small business owners applying for PPP loans were being incorrectly informed they had a criminal record. New Guidance Out. Ongoing changes help.

Fraud 195

Fraud Lending Taxes Regulation 195

Abrigo

FEBRUARY 10, 2022

Since 2016, three serious document leaks have made international news and exposed the activity of powerful political elites or wealthy individuals who used shell companies to disguise the source of funds and avoid taxes. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation. Keep Me Informed.

Training 195

Training Regulation Report Compliance 195

South State Correspondent

JUNE 13, 2022

One morning, President Trump tweeted his desire for an additional tax on all foreign-owned companies operating in the US. The first risk of a tax on foreign-owned companies resulted in an instantaneous credit shock, while the change in gas station demand will take place over years. Consider the risk above.

Risk Management 195

Risk Management Examples social media Management 195

PYMNTS

APRIL 3, 2020

There is a lot to consider, said Manish Vrishaketu, chief operating officer at supplier payments automation firm Tipalti , from vendor onboarding processes to tax compliance across borders. Automation, he said, led the company to “dramatically increase the velocity of bringing new publishers and new inventory onto our platform.”

Taxes 131

Taxes Compliance Payments Data 131

Independent Banker

SEPTEMBER 30, 2021

Community banks operate on a majority of the country’s military installations. Community banks comprise more than two-thirds of the 66 banks operating on U.S. Noemi Gallardo and Larry Wilson of First Arkansas Bank and Trust pose in front of a C-130 display plane at Little Rock Air Force Base, where the bank operates a branch.

Arkansas 168

Arkansas Community Bank Community Operations 168

PYMNTS

MAY 9, 2019

Operational pain points are often not addressed until they have to be addressed, then, because of that neglect, they suddenly require all sorts of investments in terms of time and money. In addition, local regulations may govern the particulars of a transaction, said Amit, mandating the types of information that need to be included.

Resources 177

Resources Management Payments Operations 177

Jeff For Banks

MARCH 5, 2021

According to my firm's profitability peer group, a branch with $74 million in average deposits made a mere pre-tax profit of three basis points. Another challenge is imposed by the very government that tries to assist LMI households: regulation. Since a bank can't cut regulation, they trim their branch network to lower those costs.

Regulation 78

Regulation Indiana Charlotte Community Bank 78

Abrigo

JULY 17, 2017

Requirements for delivering an advisory service “can differ quite a bit depending on the type of advisory service,” he says, given the differences between risk advisory services, tax planning, or performance management consulting, for example. Consequently, the methodology that will be the backbone of the service deserves some focus.

Honolulu 150

Honolulu Taxes eBook Leadership 150

PYMNTS

FEBRUARY 13, 2017

With old rules evolving into new ones, geographic boundaries and their own set of regulations are just some of the many complexities that add friction to the process of international business. Bullock discussed the compliance challenges of various payment scheme regulations that cross-border merchants often need to confront.

Compliance 100

Compliance Taxes Regulation Operations 100

MyBankTracker

OCTOBER 1, 2020

Some investors feel that sin stocks are uniquely positioned to maintain their value and continue to grow while others prefer to avoid sin stocks because of the way they operate. Typically, companies that operate in industries considered immoral or unethical are grouped together as sin stocks. Subject to additional taxes.

Taxes 52

Taxes Examples Regulation Industry 52

PYMNTS

SEPTEMBER 20, 2018

European regulators this week continued to show their love, respect and admiration for U.S.-based Assuming that caught your attention, here’s the real story: It’s shaping up as a busy week for regulators in Europe (including Turkey, which for purposes of this article, qualifies as Europe). based tech firms operating there.

Google 124

Google social media Regulation Course 124

PYMNTS

MARCH 27, 2020

Under PSD2 regulations, Payment Initiation processes enable an end-user to initiate payment to a seller directly from their bank account rather than relying on a third-party payment provider to facilitate the payment. QR codes [are] an excellent example of the innovation we will see on the back of Payments Initiation.

Payments 151

Payments Innovation Security Guidelines 151

Abrigo

FEBRUARY 23, 2023

In such an environment, community banks should focus on the power of their relationships with customers, according to Kent Kirby, a retired banker with 39 years of experience in all aspects of commercial banking; lending, loan review, back-room operations, portfolio management, portfolio analytics, and credit policy. The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

OCTOBER 7, 2020

A drug dealer might open up a nail salon, for example, then put his drug money into the salon’s cash flow and report it to the Internal Revenue Service as revenue from salon customers. This means individual transactions are unlikely to pop up on regulators’ or tax officials’ radar, thus keeping the operations under wraps.

Payments 171

Payments Analytics Online Retail 171

PYMNTS

FEBRUARY 18, 2019

which the institution plans to deploy in its corporate payments operation. That is, without having to pay the fees or give up customer data to third-party service providers like PayPal or Visa — information that can be valuable to businesses that want to develop their own loyalty programs, for example. ” Confusion, Doubt Remain.

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

PYMNTS

APRIL 19, 2019

payroll processing company Payescape , said this area of the back office may have a larger influence on how accountants operate than some may believe. The EU’s General Data Protection Regulation (GDPR) is a prime example, said Jones. However, Steven Jones, business development manager of U.K.

Innovation 154

Innovation Compliance Technology Resources 154

Bank Innovation

MAY 9, 2017

Due to complexity and regulation, it has taken finance a little longer than other industries to evolve into an interoperable and open industry model. What are some examples of premium APIs that banks might deploy? It helps to contextualise purchasing decisions and distil the burden of opportunity cost.

Data 191

Data Trends Industry Examples 191

Perficient

JANUARY 7, 2021

They had to change the way they operate with new social distancing guidelines. For example, most batteries can run for 300-400 miles, a far cry from the 100 miles just a few years ago. What about the tax incentives and credits? The government has regulations for greenhouse gas emissions, and companies have carbon-neutral goals.

Marketing 309

Marketing Industry Mobile Massachusetts 309

Abrigo

SEPTEMBER 21, 2021

As a loan reviewer, you need to be technically sound in order to do your job, which means you need to have a fundamental understanding of financial analysis, tax analysis, and all of the regulatory laws that surround the credits that you’re going to be reviewing,” Cooley says. Credit Risk Regulation. Be Curious. Keep me informed.

Video 195

Video Analysis Risk Management Training 195

PYMNTS

MARCH 5, 2018

game have been drawing increased scrutiny from regulators … everyone from exchange operators to miners. And in a world where the investments in ICOs have lurched into the billions of dollars, the regulation of a thus far unregulated (ICO) U.S. has been somewhat, at least arguably, late to the ICO regulation game.

Bitcoin 123

Bitcoin cryptocurrency Regulation Course 123