PYMNTS

JANUARY 26, 2017

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 received a Sovereign Gold Card debit card from 2005 to 2016. that may have offshore accounts created by Panamanian company Sovereign Management & Legal LTD.

Montana 100

Montana Cards Bitcoin Taxes 100

PYMNTS

SEPTEMBER 23, 2019

As we noted in the recent Digital Banking Tracker, the CNP fraud has taken a leg down in favor of fraud that looks to snag credit card numbers. They took the details and applied for credit cards. She also submitted a false tax return in 2016, omitting those funds as income. Sometimes the methods are decidedly old school.

Cards 124

Cards Data Florida Fraud 124

PYMNTS

SEPTEMBER 15, 2020

Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. As Poovala told Webster: “We had to get a debit card by actually creating our own startup. It’s been 20 months, and we tried to get a debit card from some of the largest banks.

System 258

System Operations Fintech Taxes 258

PYMNTS

JULY 11, 2016

Deutsche Bank Research and American Express offered an update on Amex’s card segments, and the successes of the credit card firm’s corporate segment are clear. According to the company, competition in the consumer card space remains a challenge. Last year, the GCS unit provided $3.2

Cards 100

Cards Report Leadership Taxes 100

PYMNTS

FEBRUARY 26, 2020

Software developer and Ukrainian native Volodymyr Kvashuk, 25, from Renton, Washington, worked for Microsoft from 2016 to 2018, and was tasked with testing Microsoft’s online retail sales platform. He took advantage of that access to steal currency stored value (CSV) such as digital gift cards that he then resold on the internet. .

Fraud 207

Fraud Bitcoin Washington Taxes 207

PYMNTS

APRIL 25, 2018

Capital One logged stronger than expected results when it posted its earnings yesterday — the growth was driven largely by rising interest rates and an uptick in its largest lending categories, cars and cards. Supply of card credit is on the high side, although it has settled out a bit. billion from a year earlier. What’s Next.

Capital 100

Capital Lending Cards Taxes 100

PYMNTS

MARCH 29, 2018

The news comes a little more than a year after Credit Karma became the latest company hoping to offer its online services to the masses of tax filers who prefer internet filing to using accountants. Prior to the release of Credit Karma Tax in December of 2016, Credit Karma acquired a tax software firm.

Taxes 102

Taxes Analysis Data Online 102

PYMNTS

OCTOBER 28, 2019

Starting next month, customers that have a current account or credit card with 20 of the major high-street and challenger banks will be able to connect their accounts to Coconut to utilize its automated bookkeeping and tax tools. In addition, credit cards and other accounts can be connected so that every business expense is captured.

Taxes 101

Taxes Tools Cards Innovation 101

PYMNTS

OCTOBER 25, 2019

We have deep, data-supported dives on Apple Pay, the outlooks for payments innovation in the 2020s, web sales taxes and Amazon’s holiday shopping season news. Cards in the field, so to speak, were up 4 percent year on year to 3.4 NRF On The Case For Revising eCommerce Sales Tax Laws. billion, as measured company wide.

Apple 101

Apple Innovation South Dakota Taxes 101

PYMNTS

JUNE 14, 2018

million, in 2016 alone. with more than 16,800 victims recorded in 2016. Business identities can be used to open card accounts, initiate wire transfers or commit tax fraud. Fraudsters can alter business information online and then use that information to apply for credit cards or make payments to other criminals.

Fraud 109

Fraud Taxes Resources National 109

PYMNTS

JANUARY 17, 2020

The move pushes Visa ever further away from cards and toward its goal of becoming, as management has often described it, a “network of networks.”. Specifically, Global Blue focuses on tourists spending abroad, and offers products that help capitalize on tax-free shopping as they buy luxury goods. percent year on year.

Company 132

Company Payments social media United States 132

PYMNTS

SEPTEMBER 14, 2018

The news comes months after Citigroup disclosed in a filing with the Securities and Exchange Commission (SEC) in February that it uncovered “methodological issues” with how it calculates credit card interest rates and will offer “remediation” to those customers impacted by such calculations.

United States 134

United States Taxes Regulation Cards 134

PYMNTS

MARCH 18, 2020

A common scheme involves fraudsters posing as tax officials — a particularly effective tactic during the first quarter, when restaurants are preparing employee W2s and corporate tax documents. Some cybercriminals are more interested in personal data than cash, however.

Fraud 177

Fraud Training Data Taxes 177

PYMNTS

JANUARY 9, 2019

in December, its lowest level since late-2016, according to reports. The NFIB’s optimism index dropped to 104.4 That’s after a record high for the Index of 108.8 last August.

Michigan 168

Michigan National Survey New York 168

BankBazaar

JUNE 18, 2020

If your tax slab is 30%, your FD returns will be taxed to that extent, unless you’re a senior citizen eligible for certain income tax bene?ts after income tax and that is your e?ective ective post-tax return (refer to Table 2). higher per annum post tax than ?xed ts on this front.

Management 78

Management Taxes Examples Capital 78

PYMNTS

AUGUST 7, 2018

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 from 2016 to 2021.

Report 104

Report Policies Digital Banking Payments 104

PYMNTS

FEBRUARY 13, 2020

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

Payments Regional America Cards 163

PYMNTS

MARCH 2, 2018

Overall, the FTC is seeing that consumers are losing more money due to fraud in 2017 than 2016. Specifically, credit card fraud was the most common type of identity theft reported by consumers. And tax fraud was the second most common type of identity theft reported by consumers.

Millennials 138

Millennials Fraud Taxes Report 138

PYMNTS

JANUARY 17, 2017

Many retailers, reported the newswire, are not able to process credit card transactions. And in November, sheer supply of cash was whittled down drastically, as the government took roughly half of the physical store of notes out of circulation, part of a wider plan to crack down on corruption and help improve tax collection.

Taxes 100

Taxes Course Retail Industry 100

PYMNTS

AUGUST 8, 2017

Tandem’s acquisition of Harrods Bank, which posted pre-tax losses of £8.4m 2016 on net income of £2.3 We will continue developing and rolling out our app and credit card as planned, [now] with a little more spring in our step. as the company also missed licensing deadlines imposed by the Prudential Regulatory Authority.

Taxes 106

Taxes US Cards Branding 106

PYMNTS

FEBRUARY 27, 2019

Residents can use these IDs to conduct different types of government business, including filing taxes or accessing pensions. . The country’s Department of Home Affairs (DHA) launched a national identity card in 2013 that includes fingerprint authentication on top of a standard PIN.

Security 159

Security National Wyoming Idaho 159

PYMNTS

NOVEMBER 7, 2018

In addition, he said that borrowers are attracted to the platform as they can find savings “versus their credit cards where interest rates have risen to their highest levels in a decade.”. “This is evidenced in the phenomenal growth of our CLUB certificate program.”.

Taxes 159

Taxes Management Risk Management Capital 159

PYMNTS

JULY 31, 2017

Consulting firm Oliver Wyman prepared the document after reviewing insurance policies sold to the banking firm’s customers from January 2012 through July 2016. Going forward, existing Payable customers will continue to be hosted on payable.com through the next tax season. North Korea’s For-Profit Hacking.

Taxes 100

Taxes Data Security Report 100

PYMNTS

MAY 15, 2017

billion yesterday celebrating their moms, buying flowers and cards and taking them out to brunch. About 27 percent of the staff will be cut back from levels at the end of 2016. Those tax refund recipients, in turn, were able to get cash advances. Spend per card is also up — by about 9 percent.

Data 100

Data America Taxes Cards 100

PYMNTS

APRIL 18, 2016

Happy Monday, and happy Tax Day 2016. 1 Billion | The FBI projects that ransomware market will be a $1 billion a year criminal industry in 2016. In fact, in the first three months of 2016 alone, cybercriminals have collected $209 million using this tactic. So what does that entail? Ransomware Attacks Up. $1

Data 100

Data Taxes Trends Mobile 100

PYMNTS

FEBRUARY 22, 2019

Internal Revenue Service (IRS) said that ahead of tax season, preparers and other victims received requests to change direct deposit activity. It has been alleged that, in 2016, he falsified two invoices for a total of £700 ($911.65 In December, the U.S. The IRS cited “spoofed” addresses that seemed official. A Bit Of Whimsy.

Mississippi 135

Mississippi Minnesota Fraud Report 135

PYMNTS

FEBRUARY 20, 2018

trillion, a $193 billion increase from Q3 and $402 billion higher than the fourth quarter of 2016. Revolving outstanding credit, made up primarily of credit cards, increased at a 13.3 Credit Card Troubles. Store-card issuers Synchrony and Citibank reported a similar issue: Loan volume was growing, but defaults were too.

Lending 105

Lending Cards America New York 105

Tomorrow's Transactions

JANUARY 25, 2016

I gave a talk about key trends in digital payments for 2016 and since I got some very nice feedback on it, I thought I would put a few of the key points on Tomorrow’s Transactions. The nice people at Westminster eForum invited me along to give one of the talks at their Digital Payments event at the Royal Society in London.

Trends 39

Trends Payments Millennials blockchain 39

CFPB Monitor

SEPTEMBER 2, 2016

Although the DoD’s final rule took effect on October 1, 2015, it applies only to consumer credit transactions or accounts that are consummated or established after October 3, 2016 for most products, and after October 3, 2017 for credit cards.

Compliance 79

Compliance Groups Lending FDIC 79

FICO

NOVEMBER 26, 2018

An excellent example of this is African Bank, the seventh-largest bank in South Africa, which grew operating profit before tax by 67% in 2017, after launching in 2016. Vere Millican, group executive for credit at African Bank, discussed the bank’s growth in an article this month in Cards International.

Management 53

Management Case Study Strategy Taxes 53

CFPB Monitor

JULY 27, 2015

Although the Final Rule takes effect on October 1, 2015, it will apply only to consumer credit transactions or accounts that are consummated or established after October 3, 2016 for most products, and after October 3, 2017 for credit cards. On August 24, 2015, Ballard Spahr attorneys will hold a webinar on the Final Rule from 12 p.m.

Lending 60

Lending Taxes Cards Regulation 60

PYMNTS

MAY 9, 2016

The firm published its 2016 Small Business Fraud Report , emphasizing the risks that small businesses face in back-office fraud. billion in losses due to crimes like unauthorized payments, fraudulent wire transfers or misuse of company credit cards. Each small business lost an average of $12,139 last year, amounting to a collective $3.1

America 100

America National Capital Survey 100

BankBazaar

FEBRUARY 20, 2020

If you’re a Credit Card user and you’ve been maxing it out, then it is time to stop this habit. Remember to keep inflation and taxes in mind.) This article was originally published on the BankBazaar blog on 24th May, 2016. If you want to have a financially sound future, then you must completely pay off all your debts.

Management 146

Management Taxes Security Course 146

PYMNTS

MARCH 1, 2016

The decision to pare back operations in Africa — where the company will sell off much of its 62 percent ownership in publicly traded Barclays Africa — represents what The New York Times said was a step back from one of the key pillars of Barclays’ long-term strategy, right in lockstep with credit cards and investment banking.

Operations 100

Operations Strategy United States Regional 100

Fintech Labs Insights

MAY 3, 2017

The recent launch of Payment Ninja is one small step toward 100% free payment acceptance for merchants, and one giant leap for the San Francisco-based payment company that demoed its technology at FinovateSpring 2016. Founded in 2012, Payment Ninja demonstrated its payment technology at FinovateSpring 2016.

Cards 18

Cards San Francisco Payments Taxes 18

PYMNTS

NOVEMBER 29, 2017

The cannabis industry brought in a little over $6 billion in revenue in 2016 — a figure that some estimate will grow to as much $50 billion by the year 2026. The problem is not in moving the supply. As a point of comparison, U.S. consumers spent a roughly equivalent amount ( $55 billion ) on smartphones last year.

blockchain 102

blockchain Industry District of Columbia Florida 102

CFPB Monitor

SEPTEMBER 2, 2016

Although the DoD’s final rule took effect on October 1, 2015, it applies only to consumer credit transactions or accounts that are consummated or established after October 3, 2016 for most products, and after October 3, 2017 for credit cards.

Compliance 60

Compliance Groups Lending FDIC 60