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Western Union Mulls Sale Of B2B Payments Unit

PYMNTS

Western Union is reportedly considering a sale of its business payments operation, unnamed sources told Bloomberg on Wednesday (Sept. According to reports, the business payment operations have become burdensome for Western Union following corporate tax changes that affect the finances of U.S.

Payments 198
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Email Fraudsters Take Advantage Of Coronavirus Opportunity

PYMNTS

It’s too soon to tell how the coronavirus crisis will impact corporates’ financial and payment operations, but while analysts continue to raise the alert about consumer payments fraud, the risk of B2B payments fraud persists, particularly as more employees work from home. Payroll Professionals Inc.

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Intuit Eyes Buying Credit Sesame, NerdWallet And Finicity

PYMNTS

Intuit , the tax software company best known as being the enterprise behind QuickBooks and TurboTax , is looking into acquiring FinTech Finicity , according to reports. The company has a suite of APIs that operate with outfits like Experian and Ellie Mae to help onboard and authenticate customers.

Taxes 154
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Uber Facilitated More Than $600M In Tips For Drivers

PYMNTS

Lyft , noted the report, is operating in fewer markets than Uber — Lyft is in the U.S. and Canada while Uber has operations around the world. The lawsuit alleged a breach of contract for adding sales tax and a fee to the total fare amount, which then boosted the number of service fees owed to the company.

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The pro-cyclicality of capital ratios and credit supply, a tale of two sizes

BankUnderground

First, analysing years up to 2009 can be used to measure the cyclical patterns in a less regulated environment, providing evidence on whether Basel III needed cyclical components. Second, expanding the analysis beyond 2009 provides evidence on whether Basel III addressed the pro-cyclicality of bank capital and lending. Cash 8762 1413.30

Capital 78
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Wild Cards? Gambling, Payroll, Other Models Provide Fresh Fuel For Prepaid

PYMNTS

To get a sense of how the world of payments and cards has changed, Cregan told Webster a story about a conference he attended in Las Vegas in 2009. However, with so much potential tax revenue on the line, Cregan said, there are heavy incentives that favor mobile. “As Lack of confidence will lead to lower tax revenues.”.

Cards 158
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Bitcoin Tracker: Smooth(ish) Sailing?

PYMNTS

However, recently the People’s Bank of China pointed to irregularities in the operations of bitcoin exchanges BTCC, Huobi and OKCoin as the cause of the recent rollercoaster ride in bitcoin’s price, said Reuters. Other digital currency exchanges operating abroad (while still serving U.S. Coinbase user and attorney Jeffrey K.

Bitcoin 100