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

AUGUST 25, 2017

Credit card giant American Express (AmEx) has announced it is selling its Serve platform to InComm, in a deal that gives the latter firm exclusive rights to distribute Amex’s prepaid and reloadable card products in the United States. The deal is slated for completion in early 2018, the firms said in a joint statement.

Cards 100

Cards United States Taxes Operations 100

PYMNTS

FEBRUARY 19, 2019

Data: 700 million: The number of active annual Alipay users exceeded this figure in 2018. taxpayers who received federal tax refunds via direct deposit as of May 2018. 84 percent: The share of consumers who prefer to provide debit cards as identifiers to receive instant funds. million: The number of U.S.

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Data Marketing Taxes Video 109

PYMNTS

OCTOBER 1, 2020

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. 1: Instant disbursements as a percentage of all non-tax disbursements in the U.S. percent as of 2018. Fast Fact No. are growing — but slowly. percent in 2019 and 9.5

Trends 306

Trends Study Taxes Payments 306

PYMNTS

AUGUST 5, 2020

ANNA, which was started in 2018, has worked with Mastercard since its launch. The company combines a Mastercard debit card, mobile business account and virtual assistant into one offering, which is designed for freelancers, small businesses and startups. 4) announcement.

Fintech 203

Fintech Taxes Cards Industry 203

PYMNTS

NOVEMBER 22, 2019

Goldman CEO Denies Claims Of Apple Card Credit Biases. Lawyer George Isaacson argued Wayfair’s side in the landmark 2018 South Dakota v. Isaacson has watched remote sales tax policies unfold since that time in a flurry of new laws that differ by state, and even municipality. Wayfair case.

South Dakota 101

South Dakota Apple Taxes Cards 101

PYMNTS

OCTOBER 5, 2016

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

Cards 189

Cards Google Tools Regulation 189

PYMNTS

OCTOBER 24, 2019

Visa Partners With Revolut To Introduce Multi-Currency Debit Card. Revolut and Visa have teamed up on a multi-currency travel debit card in Singapore. The new card offers users the ability to spend overseas in over 150 currencies at the real exchange rate and without hidden fees. . After the 2018 South Dakota v.

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South Dakota Taxes Payments cryptocurrency 111

PYMNTS

OCTOBER 12, 2018

It was a better than expected showing when Citibank reported, with earnings coming in stronger than anticipated, buttressed by a lower corporate tax rate. per share in the third quarter of 2018, better than the $1.69 Citigroup also noted its effective tax rate fell to 24 percent in the third quarter from 31 percent a year earlier.

Taxes 122

Taxes Comparison Cards America 122

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. The 2018 South Dakota v.

Apple 101

Apple Innovation South Dakota Taxes 101

PYMNTS

APRIL 16, 2018

tax reform, and strong economic growth around the globe is also benefitting these players. This week’s B2B Data Digest examines the numbers released by the institutions for Q1 2018, highlighting the role corporate and wholesale banking operations did (or did not do) to support an overall impressive quarter. JPMorgan Chase. Wells Fargo.

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Taxes Lending Operations Data 100

PYMNTS

DECEMBER 17, 2020

Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Merchants are wrestling with numerous types of fraud, and the ongoing pandemic is making these attacks all the more devastating to their revenues.

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Fraud Online Retail Examples 255

BankBazaar

JUNE 24, 2019

Here’s the list of documents that you need to keep handy while filing ITR for FY 2018-19. The deadline to file Income Tax Returns for FY 2018-19 is 31 st July 2019. The form provides the detailed break-up of your salary and the tax deducted on it. Tax-Saving Investment Proofs. Take a look. Capital Gains Statement.

Taxes 60

Taxes Capital Cards Management 60

MyBankTracker

JUNE 27, 2020

Not all airline miles and credit card points are the same. Still other types of credit card points are best used to transfer to airline and hotel partners. In this article, we’ll investigate these transferable credit card points. Many transferable credit card points can also be used in other ways. cents per point.

Cards 52

Cards Capital Examples New York 52

PYMNTS

JANUARY 8, 2018

Credit Karma said yes to early tax refunds for consumers – for free. Good Tax Lending Karma. Good news for consumers avidly awaiting their tax refund for 2018: Credit Karma Tax is rolling out a new product call Earlybird Advance, an online refund advance service. And that was just Tuesday.

Taxes 105

Taxes Data Louisiana Colorado 105

PYMNTS

OCTOBER 13, 2019

As part of the newly expanded partnership, Revolut will primarily issue Visa-branded cards in the global expansion. In fact, it recently reported a pre-tax loss of £33 million for 2018, which is double the amount of the previous year. banking licence. But despite its growth, the company has not turned a profit.

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Taxes Fintech Branding Regional 163

PYMNTS

FEBRUARY 2, 2018

tax laws had on other firms recently reporting results, Mastercard put up numbers Thursday (Feb. Excluding the aforementioned tax impact, earnings per share came in at $1.14, two pennies better than Wall Street expectations. billion Mastercard and Maestro-branded cards issued globally as of year-end. Absent the same impact U.S.

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Taxes cryptocurrency Regional Branding 100

PYMNTS

JANUARY 22, 2020

Headquartered in Galway, Ireland, Planet offers 400,000-plus sellers and 100 partner banks payments services and tax refunds. Planet rival Adyen, listed in Amsterdam in 2018, is supported by General Atlantic and Temasek. Eurazeo acquired NASDAQ-listed Planet in 2017 for a €109 million investment through Fintrax Group.

Taxes 131

Taxes Payments Fraud Groups 131

PYMNTS

FEBRUARY 21, 2019

Financial technology firm Green Dot , which made its name on its prepaid debit card solutions, is ramping up its focus on Banking-as-a-Service (BaaS) after posting $14.3 million in net income for the fourth quarter of 2018.

Taxes 188

Taxes User Experience Cards Operations 188

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

JANUARY 30, 2020

percent increase in 2018 and 2.4 percent in the fourth quarter (real disposable income is what’s left over when taxes and other charges are taken out of income, and price changes are taken into account). The Coronavirus Wild Card. One wild card is the continued spread of the coronavirus, which may stymie that normalization.

Data 144

Data Cards Taxes Trends 144

PYMNTS

MARCH 8, 2019

The implication is millennials have taken on more debt — right into a period when debt is becoming increasingly tougher to shoulder especially with, say, credit cards, where debt can have variable interest rates. The tax applies to roughly 30 companies operating in the country, and opens the door for other taxes mandated in other countries.

Millennials 109

Millennials Taxes Lending Regional 109

PYMNTS

JANUARY 18, 2019

Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. 16) that Zelle payments were up 97 percent in Q4 2018, signaling the latest burst of growth for that payment method. Most notable were bank card default rates, which were up 25 basis points to 3.34

Course 159

Course Mobile Taxes Metro 159

PYMNTS

JANUARY 27, 2020

In 2018, one laughable incident involved the U.S. billion worth of government checks in 2018 at an average cost of $2.50 More states are starting to use recurring digital payments as the means by which tax refunds and other government monies are paid out. Not all states feel the same. Illinois printed and mailed $1.3

Payments 130

Payments Illinois Texas Tennessee 130

PYMNTS

JANUARY 29, 2020

New reports say 1 percent of all Bitcoin transactions involve criminal activity, and while this doesn’t sound like a lot, it’s almost double from 2018. 29) that showed increased spending on cards and across borders up double digits. Airlines Follow British Airways‘ Lead In Halting China Flights. The company also added a record 1.4

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Bitcoin US Payments cryptocurrency 131

PYMNTS

MARCH 18, 2019

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. A Couple of Important Dots.

Payments 201

Payments Cards Operations System 201

PYMNTS

FEBRUARY 20, 2018

Revolving outstanding credit, made up primarily of credit cards, increased at a 13.3 Despite the decline in confidence, consumers’ expectations remain at historically strong levels, suggesting economic growth will continue well into 2018,” she said. Credit Card Troubles. percent in 2018 — up from the 4.32

Lending 105

Lending Cards America New York 105

PYMNTS

OCTOBER 22, 2018

Fraudsters have found a new favored method for the holidays, the Sears’ bankruptcy filing finally came in and the major card networks found themselves on the wrong side of India’s emerging data privacy efforts. Gift Cards’ New Unfavorable Fans. As of September 2018, losses from gift-card fraud have hit $53 million.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

MAY 21, 2020

percent higher than 2018 and had 160,000 more reported cases than the previous record year of 2015. Victims receive an unexpected influx of cash and a message from the fraudster asking for the money back, but this money originated from stolen credit cards. This accounted for 20.3 percent of 3.2 The identity theft rate in 2019 was 46.4

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Fraud Tools Training Taxes 131

PYMNTS

JANUARY 22, 2020

Fifty-one percent of United States consumers stated in the most recent PYMNTS Disbursements Satisfaction Report that they would prefer to receive tax refunds, child support payments and other government payments through instant payout methods. billion in check disbursements in 2018, significantly costing these departments.

Idaho 130

Idaho Illinois Innovation Tennessee 130

BankBazaar

JULY 2, 2019

The Income Tax department introduced many changes to the ITR filing process and forms this Assessment Year (AY). This has been a year of modifications when it comes to filing taxes. The Income Tax (IT) department has asked employers to give a detailed break-up of tax-exempt allowances and tax breaks in Form 16.

Taxes 60

Taxes Capital Company Online 60

PYMNTS

JUNE 14, 2018

Encouraging Americans’ enthusiasm to spend, according to the new report, is low unemployment, rising wages and additional liquid capital due to the tax cuts of late 2017. household debt could hit $4 trillion primarily in the form of credit cards and auto loans, which have been steadily climbing. indebtedness in 2018.

Retail 108

Retail Taxes Course Capital 108

PYMNTS

FEBRUARY 21, 2020

Business identity theft is used to launch everything from purchasing plan scams to tax and credit card application fraud, and it caused an estimated $137 million in damages in 2017. One study found a 46 percent increase in reports of such attacks between 2017 and 2018. Detecting Fraudsters.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

PYMNTS

FEBRUARY 18, 2019

This week, I’m compelled to offer a few thoughts that go against the grain on several topics that made the news last week: Amazon’s NY HQ2 , card interchange fees and Facebook ad revenue. Card Networks Want to Raise Their Prices. Whether they rise to the level of being contrarian will be for you to decide. have been settled.

Cards 169

Cards Course Study New York 169

PYMNTS

APRIL 4, 2019

billion in 2018. Fuel sales were strong in 2018 but consumers were making fewer stops to refuel, which suggests that greater fuel efficiency in vehicles is translating to less trips per week to the convenience store,” said Jones. According to the report, total U.S. convenience stores sales surged 8.9 percent to $654.3

Operations 102

Operations Trends Marketing Strategies Retail 102

PYMNTS

NOVEMBER 7, 2019

Brazil’s potential customer base tempts global subscription service providers, as the South American country boasts a population of 200 million and had 132 million people with internet connections in 2018. percent tax on foreign merchant transactions by using local payment methods. Attracting Customers With Boleto Bancário.

Online 100

Online Payments Cards Fraud 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. million from a farmers’ collective during his time as general manager from 2003 to 2018 — and where he controlled the collective’s bank accounts. In December, the U.S. A Bit Of Whimsy.

Mississippi 135

Mississippi Minnesota Fraud Report 135