PYMNTS

SEPTEMBER 4, 2019

Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. States can now tax sales by companies that do not have a physical presence within the state. Will this increasingly regulated online sales tax environment affect this growth? Online Sales Tax and Marketplaces.

Taxes 129

Taxes Online South Dakota Louisiana 129

PYMNTS

DECEMBER 2, 2019

These groups also face a common small- to medium-sized business (SMB) challenge — needing to track every transaction to prove fiscal responsibility to donors and regulators. million tax-exempt groups active in the U.S., according to the latest figures from the IRS, which monitors and regulates such organizations.

Management 141

Management Taxes Groups Regulation 141

PYMNTS

FEBRUARY 10, 2020

The jousting over eCommerce taxes — especially for U.S. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government.

Taxes 175

Taxes Illinois Study Operations 175

PYMNTS

DECEMBER 30, 2019

Merchants’ marketing departments may find bundling useful, but their accountants are less likely to see it positively — determining individual items’ tax obligations in the different states into which they are sold can be challenging, and putting offerings into bundles only magnifies complexities. Unpacking States’ Unbundling Policies .

Taxes 130

Taxes Iowa Policies Retail 130

PYMNTS

OCTOBER 28, 2019

Wayfair case that allowed states and individual cities to launch tax policies aimed at remote sellers and marketplaces is still reverberating in 2019 and will likely affect online retail in 2020. In Q3 2019, 14 states started collected online sales tax and 11 more followed in October. eBay Makes a Deal.

Taxes 102

Taxes Online San Jose South Carolina 102

PYMNTS

JANUARY 29, 2020

29) that it supports plans to establish a digital regulator. The short-term home rental firm won an exemption from European property regulations in a ruling last month of the Court of Justice of the European Union (CJEU), Reuters reported. Airbnb made its support official in a series of letters to EU and city leaders. It raised $1.5

Regulation 142

Regulation New York Taxes Policies 142

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

JANUARY 19, 2021

But reaching a broader range of consumers, accommodating their payment preferences, and satisfying regulatory and tax issues in unfamiliar territory introduces a host of new operational challenges for these companies. Retailers are entering new markets at a time when regulations are becoming more complex and costly, not less.

Branding 322

Branding Taxes Fraud Regulation 322

PYMNTS

JULY 15, 2019

Marcus said the Swiss government will regulate Libra because that’s where it’s going to be headquartered, and that the Libra Association and the Calibra wallet will follow all U.S. monetary regulations in terms of taxes, fraud and money laundering laws. . Monetary policy is properly the province of central banks.”.

Regulation 100

Regulation Policies cryptocurrency National 100

PYMNTS

JULY 15, 2019

Marcus said the Swiss government will regulate Libra because that’s where it’s going to be headquartered, and that the Libra Association and the Calibra wallet will follow all U.S. monetary regulations in terms of taxes, fraud and money laundering laws. . Monetary policy is properly the province of central banks.”.

Regulation 100

Regulation Policies cryptocurrency National 100

PYMNTS

JULY 2, 2018

trade tariffs , policy is keeping entrepreneurs on their toes. Surveys gauging the sentiment of the small business owner about shifting rules and regulations – both in the U.S. PYMNTS dives into the numbers behind the changing regulations that could have a massive impact on small businesses. Fifteen U.S. ”

Policies 100

Policies Taxes Washington Minnesota 100

PYMNTS

AUGUST 28, 2019

Kadena’s existing blockchain clients include $3 billion asset manager USCF Investments, healthcare technology company Rymedi, and leading Latin American technology business Alteum, as well as one of the world’s top 100 largest banks, and Fortune 500 companies. .’ The current policy is a non-policy.

Policies 116

Policies National cryptocurrency Bitcoin 116

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. In July, cryptocurrency exchange IDEX officially ended a policy under which users could remain anonymous while trading up to $5,000. A report found that the U.S.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

Abrigo

MARCH 29, 2023

Takeaway 3 Following the use of funds can lead to fraud detection, and regulators will expect enhanced due diligence on PPP fraud. For example, the PPP applicants simply needed to self-certify information—the SBA did not have policies or methods to verify borrower information before funds were disbursed or forgiven.

Fraud 195

Fraud Trends Taxes Training 195

PYMNTS

SEPTEMBER 5, 2019

Governments rely on tax revenues to fuel the vital services they provide to residents and businesses – from firefighting and public education to water system repair and road maintenance. Retail sales taxes have long been key sources of state governments’ budgets and have been their greatest single stream of revenue since the mid-1900s. .

South Dakota 116

South Dakota Taxes Policies North Dakota 116

PYMNTS

APRIL 10, 2020

To help businesses contend with new procedures and regulations related to the Families First Coronavirus Response Act (FFCRA), GoCo has rolled out a new feature to manage and track COVID-19 paid leave. The creation of the feature stemmed from the law, which took effect on April 1, according to an announcement.

Tools 185

Tools Taxes Texas Policies 185

PYMNTS

NOVEMBER 27, 2018

“In harnessing the potentials of the new economy, we shall promote the production of a comprehensive policy on blockchain technology and cryptocurrencies by the relevant government agencies,” he said. Abubakar added that regulation will “provide clarity” and allow for jobs and income for Nigeria.

blockchain 193

blockchain cryptocurrency Bitcoin Ohio 193

PYMNTS

JULY 16, 2019

Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs and human trafficking,” Mnuchin said, adding that he is “not comfortable today” with the social media giant’s planned launch. “We

National 187

National Security cryptocurrency US 187

Abrigo

JUNE 10, 2020

The Bank did not begin to address its deficient policies and procedures for monitoring transactions and generating alerts until June 2014, when questions from the OCC and reports from an internal complainant caused the Bank’s Chief Risk Officer to retain outside counsel to investigate the Bank’s practices,” it said. Get adequate resources.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

APRIL 9, 2019

Senate passed legislation that increased the SBA’s authority over the program, bolstering its credit risk management office, and increasing its oversight of its lending partners that facilitate the financing of small business loans via the program. Last year, the U.S.

Lending 128

Lending Policies US Capital 128

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders. There are also an “extremely high number” of tax rules.

Compliance 146

Compliance Marketing Taxes Groups 146

PYMNTS

DECEMBER 12, 2019

The content oversight board trust was made for accountability and good governance, to ensure that the funds are managed properly. It will have the role of handling such tasks as ensuring tax compliance, administering payroll and reviewing the annual budget of the board.

social media 130

social media Delaware Tools Policies 130

Abrigo

MAY 11, 2021

An institution can look at their debt-to-income (DTI) ratio, which does not count for living expenses or taxes, or their debt service coverage (DSC) ratio, which is generally the net of their living expenses and taxes. Credit Risk Management. three years) or the weighted average over a specific time period (i.e., Learn More.

Analysis 195

Analysis Lending Taxes Comparison 195

Abrigo

FEBRUARY 15, 2023

When considering each of the eight AML/CFT priorities FinCEN identified in 2021, banks and credit unions must evaluate the risks and incorporate them into their policies and procedures to meet regulatory expectations. The most common types of fraud include bank fraud, consumer, health care, securities, and tax fraud.

Fraud 195

Fraud United States Training Policies 195

PYMNTS

APRIL 11, 2017

President Trump is scheduled to meet with some 20 chief executives, the White House said, in a bid to drum up support for various administration policies, including a $1 trillion dollar infrastructure program. Back in February, retail industry executives met with Trump to discuss his proposed change to the border tax.

Meeting 100

Meeting Taxes Policies National 100

Abrigo

FEBRUARY 2, 2020

The importance of FinCEN’s Customer Due Diligence (CDD) Rule , effective May of 2018, is evident, and regulator expectations are high. The CDD Rule amended the Bank Secrecy Act regulations to strengthen customer due diligence requirements for financial institutions. Let’s take a brief step back to review the CDD Rule. In fact, the U.S.

United States 195

United States Regulation Delaware Policies 195

PYMNTS

FEBRUARY 10, 2019

the] high spreads express severe doubts, mainly triggered by its poor revenue,” said Michael Hünseler, head of credit portfolio management at Assenagon, according to The Financial Times. Barclays analyst Amit Goel added in a report that the bank could also see a 35 percent cut to its pre-tax profit. Last week, the bank sold €3.6

Payments 122

Payments Regulation Taxes Maine 122

PYMNTS

MARCH 14, 2019

and challenging monetary policy, which contributed to an overall decline in corporate confidence. Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

JULY 1, 2019

“Perhaps the most visible symptom of potential overheating is the remarkable growth of the leveraged loan market, which has reached some [$3 trillion],” said Agustín Carstens, the BIS’ general manager, according to The Guardian. Fiscal policies can be refashioned to be growth friendly,” he told the publication.

Taxes 128

Taxes Policies Regulation System 128

Independent Banker

FEBRUARY 28, 2022

No other event provides more opportunities for community bankers to engage with lawmakers, regulators and government officials. A study by the Congressional Management Foundation found that in-person constituent meetings with members of Congress and their staff are the most effective way to influence them. Advocacy coaching.

Community 180

Community Washington Community Bank Capital 180

Abrigo

MARCH 24, 2023

Step two Identify inherent risk vs. residual risk Inherent risk is any activity or factor posed to the credit union, notwithstanding applying any management or risk mitigation tools. After adjusting the inherent risk for the credit union’s risk management controls, residual risk represents the bank or credit union’s current risk.

Fraud 195

Fraud Compliance Examples Analysis 195

PYMNTS

MARCH 3, 2020

Some have pointed to a similar attempt by H&R Block, when it tried to purchase another do-it-yourself tax software company in 2011 but was blocked by regulators. Several legal experts have said that TurboTax’s deal to buy personal finance site Credit Karma for $7.1 billion raises serious antitrust concerns.

Apple 132

Apple National cryptocurrency Payments 132

PYMNTS

NOVEMBER 12, 2019

The blueprint for the proposed digital currency seems to offer Beijing extraordinary supervision over the flow of money, giving regulators economic control that most central banks do not have. “We

Bitcoin 101

Bitcoin cryptocurrency blockchain Conference 101

PYMNTS

JANUARY 15, 2021

trillion COVID-19 relief package, including an additional $1,400 stimulus checks, $400-per-week unemployment benefits, expanded paid leave and an increase in the child tax credit. New Regulations Could Push Stablecoins Into the Payments Mainstream. JPMorgan’s Mobile Customers Surge 10 Pct; Management Cautious on Economic Environment .

Payments 141

Payments Taxes Retail Policies 141

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. Declining deposits, higher cost of funds, and ever-increasing competition are just a few challenges these executives are managing. The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

NOVEMBER 13, 2017

Small business owners have a lot on their plates today and, depending on who one asks, top concerns range from taxes to late invoice payments. In fact, 45 percent said they are concerned about taxes, making this topic an even greater worry for SMB owners than cash flow management (42 percent) and keeping up with technology (32 percent).

Taxes 105

Taxes Survey Capital America 105

PYMNTS

JUNE 24, 2019

Financial regulators are considering allowing smaller businesses (SMBs) more time to comply with sweeping changes in lease accounting standards, which experts have said will place a significant burden as organizations work to comply with the requirements.

San Diego 145

San Diego Compliance Conference Taxes 145