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IRS Going After Offshore Debit Cards With John Doe Summons

PYMNTS

The IRS has been using a John Doe summons to get access to taxpayers’ bitcoin information and is now using the same tactic to get debit card information. that may have offshore accounts created by Panamanian company Sovereign Management & Legal LTD. that received a Sovereign Gold Card debit card from 2005 to 2016.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Steve Jobs, in his very famous 2005 Stanford commencement address , said connecting the dots was only possible with hindsight, by looking in the rearview window at the series of things that had happened over the course of one’s life to explain the actions of the here and now. A Couple of Important Dots. as of January 2019.

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Fraudsters Pose As Hurricane Relief Orgs

PYMNTS

Justin Lavelle, communications director of BeenVerified.com and a frequent writer on how to avoid scams, noted that even back in 2005 (practically the dark ages when it comes to the internet), while the U.S. Think before you click,” says Steve Durbin, managing director of the London-based Information Security Forum. Just don’t.

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A Decline in Personal Savings

TrustBank

The only time US personal saving has been this low was back in 2005 when it bottomed out at 2.1%. The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. in October. What followed was a new level of prosperity.

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The 40 Fintech Graduates from Y Combinator (YC)

Fintech Labs Insights

The first class (Summer 2005) included one fintech startup, TextPayMe, among the eight companies. But as YC grew from 2005 to 2009, the number of fintech companies stayed at roughly 1 per year. Pay with with Dwolla or Bitcoin, and manage all your orders in one place. You are almost guaranteed a multi-million funding.

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Killing Strategy: The Disruption Of Management Consulting

CB Insights

The early consultants changed that by using market research and data analysis combined with niche expertise to help companies manage their supply chains, improve their product positioning, and enter new markets to beat their competitors. From one perspective, the position of management consulting as an industry has never seemed more secure.

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The Coming Millennial FinTech Crisis

PYMNTS

It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. Chetty and his team did that by gaining access to the anonymized tax returns of people in their mid-30s over a 40-year period between 1940 and 1980.