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NRF Survey: Tax Payers Not Spending Refunds

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That day is when the IRS hands out tax refund checks from the previous year’s tax filing. In years past, this money was typically spent on things like paying off credit cards, buying new clothes or taking a trip somewhere exotic. Not this year. percent plan to pay down debt. Here’s the breakdown: Everyday expenses.

Taxes 100
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Small Business Optimism Begins Its Downswing

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are less optimistic about the national economy, with economic outlook dropping for the fourth month in a row, according to analysis from the National Federation of Independent Business (NFIB). in December, its lowest level since late-2016, according to reports. Reports in the Wall Street Journal on Tuesday (Jan. last August.

Michigan 168
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Businesses Can Have Their Identities Stolen, Too, Experts Warn

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million, in 2016 alone. with more than 16,800 victims recorded in 2016. A new report from The National Cybersecurity Society (NCSS) published this week warns that business identity theft is an emerging threat for entrepreneurs and executives. . But individual consumers aren’t the only victims of identity theft.

Fraud 109
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Deep Dive: Digital ID Developments From Around The World

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A wide range of biometric solutions are being used to develop national identification systems around the world. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . A reported 3.6 Digitizing government services .

Security 159
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NEW REPORT: What Demonetization? India’s Cash Usage To Reach $2.5T By 2021

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Demonetization was launched in India in an effort to crack down on the nation’s underground economy, boost tax revenues and encourage the transition to a digital banking infrastructure. However, nearly two years after the policy launched in 2016, cash remains a key component of the nation’s economy. percent by 2021.

Report 104
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Visa On Tap To Pay, Cash Displacement And B2B Payments

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Visa President Ryan McInerney said that beyond the core card business there remains the opportunity to “capture new flows of money using our expanding network of networks.” McInerney also pointed to government to consumer (G2C), which is a “more nascent” market, with presence in government benefits and tax refunds. B2B Potential.

Payments 163
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Deep Dive: Striking A Balance In Digital ID Security

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It’s undeniably advantageous to the world economy, with a recent study finding that national digital ID systems could induce GDP growth of up to 13 percent. The country was eager to adopt digital governmental services with the launch of an online tax payment service in 2000 and a national digital ID system in 2002.

Security 129