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Big Tech Compliance Tracker: Facebook Faces $6.06 Million Fine From South Korea; Big Tech Tax Becomes Due In France

PYMNTS

million of the 18 million users of the social media company in Korea was given to operators beyond Facebook without them knowing between May 2012 and June 2018. to the nation’s prosecution for a criminal probe. The ministry had decided that the tax would be collected beginning in December if discussions dragged on.

Taxes 130
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The 2018 GonzoBanker Awards

Gonzobanker

GonzoBankers, 2018 has been a troublesome year. about the best and worst in banking for 2018 and get fired up to start again in ’19. Ladies and gentlemen, we bring you the 2018 GonzoBanker Awards ! Although all banks faced stock headwinds in 2018, we give the nod to William Demchak at PNC Financial Services.

Fintech 102
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Big Tech Increasingly In Regulators’ Spotlight — And Crosshairs

PYMNTS

More regulations are in the offing, as reported in ZDNet , which in an overview noted that the call by companies such as Google and Facebook last year for a national data privacy law was seconded, in a way, by the U.S. Google, Amazon and Facebook would be subject to the tax, as would a few dozen companies operating in France.

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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. percent tax on each imported premium cigar, limited to a maximum of about $0.40 in 2017 had a 52.75

Retail 109
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Fast Action: Tennessee Sportsbook Bets Service Quality On Instant Payments

PYMNTS

Hodges, known as the “Rookie Bookie” on social media, made her comments less than three months after Tennessee became the 20th state to launch sports betting on Nov. While the instant betting and payout abilities are a positive, there is no competing with the black market when it comes to the collection of taxes.

Tennessee 262
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Deep Dive: Striking A Balance In Digital ID Security

PYMNTS

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. More than 4.5

Security 129
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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

” These pre-crime events including emails, SMS, logins, website clicks, social media, banker conversations, and call center inquiries. Its ability to detect and uncover money laundering and fraud at scale, including those perpetrated by organized crime, terror financing, and nation-state actors, is unparalleled.