PYMNTS

APRIL 16, 2020

People took to social media to express their anger, some stating that they’ve had the same bank account for a dozen years and others complaining that their tax payments got deducted but they can’t get a deposit. If you filed last year’s or this year’s taxes we have your information.”. Just be patient, check back later,” says Garcia. “If

Taxes 291

Taxes social media Tools Payments 291

PYMNTS

MARCH 29, 2020

Erica York, an economist with the Tax Foundation, said there could be potential for experimental thinking outside the box when it comes to people who don’t have normal bank accounts.

Taxes 243

Taxes Maine Strategy Payments 243

PYMNTS

JUNE 13, 2019

billion digital records in the United States were compromised during the first half of 2018 – 291 records every second – with only six social media breaches accounting for more than half of all at-risk data. The Drawbacks of Complex Security. AI Solutions for Balancing Security and Convenience. Blockchain-Based Security Methods.

Security 129

Security blockchain San Francisco United States 129

PYMNTS

APRIL 9, 2020

The payments are part of the $2 trillion economic stimulus Coronavirus Aid, Relief, and Economic Security ( CARES ) Act, which also includes expanded unemployment coverage and benefits. Most Social Security recipients get their benefits through direct deposit, according to the congressional committee’s announcement.

Security 255

Security Taxes Payments Report 255

PYMNTS

MAY 7, 2020

The recently enacted Coronavirus Aid, Relief and Economic Security (CARES) Act included cash tax rebates for millions of Americans, up to $1,200 per individual, $2,400 per couple and $500 per child. This amount will be $1,200 unless adjusted gross income exceeded $150,000.”.

Taxes 160

Taxes Payments Security 160

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. On fake tax returns, he said the bitcoin was gifted to him from a relative. Microsoft confronted Kvashuk and fired him in June 2018.

Fraud 207

Fraud Bitcoin Washington Taxes 207

PYMNTS

APRIL 27, 2020

The common way for people to access the money was by their 2018 or 2019 tax return information, which allowed the government to send the money automatically to the account on file. In addition, benefits for those who receive Supplemental Security Income (SSI) and Veterans Assistance will be sent out soon.

Tools 154

Tools Taxes Security Payments 154

PYMNTS

JULY 22, 2019

Unfortunately, also adding heat this week was the world of fraudsters and hackers – with a few pretty sizable security blips and glitches. This week the world got an admission from Bulgaria’s finance minister that a hacker managed to make off with the data nearly every tax paying Bulgarian citizen, according to a report by Reuters.

Data 100

Data Security Fraud Indiana 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. This represents a fivefold increase from the pre-pandemic normal, when most consumers shopping online were better attuned to security protocol.

Fraud 255

Fraud Online Retail Examples 255

PYMNTS

SEPTEMBER 30, 2019

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

Retail Taxes Virginia South Dakota 109

PYMNTS

MAY 11, 2020

trillion CARES Act enacted in March, were automatic for 2018 or 2019 filers or retirees who receive Social Security retirement, survivor or disability benefits, Railroad Retirement benefits, as well as Supplemental Security Income and Veterans Affairs beneficiaries who didn’t file a tax return in the last two years.

Taxes 160

Taxes Payments Security Digital Banking 160

PYMNTS

OCTOBER 13, 2019

According to The Financial Times , a source familiar with the matter revealed that the company has hired JPMorgan to raise $500 million in new equity from investors, as well as secure a $1 billion convertible loan. In fact, it recently reported a pre-tax loss of £33 million for 2018, which is double the amount of the previous year.

Taxes 163

Taxes Fintech Branding Regional 163

Jeff For Banks

DECEMBER 13, 2018

But once they turned things around they took their deferred tax asset back onto their books and did three acquisition. All of this blocking and tackling led to a five year total return to shareholders of 310% and the number 3 spot on the JFB total return list for 2018. It's non-performing assets to assets at that time. Great job! #4.

Oregon 101

Oregon Ohio California Community Bank 101

PYMNTS

SEPTEMBER 12, 2019

Compliance failures are prevalent worldwide: Approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance between 2008 and 2018. The People’s Bank of China announced in March that it plans to create rules for regulating and securing the FinTech sector, for example. . imposed a full $23.52

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

FEBRUARY 16, 2018

tax code will help it post a profit in the not-too-distant future. The news comes as Sears is commencing private exchange offers for its outstanding unsecured notes due in 2019 and its secured notes due in 2018, according to a filing with the Securities and Exchange Commission (SEC).

Taxes 100

Taxes Branding Security Retail 100

PYMNTS

JANUARY 8, 2019

It also said Uber’s loss before interest, taxes and non-cash items would fall to $500 million in 2019 from a projected $1.7 billion in 2018. Uber is expected to go public in the first half of 2019, having filed paperwork with the Securities and Exchange Commission in the U.S. billion by 2019. at the end of December.

Taxes 153

Taxes Maine Company Report 153

PYMNTS

MAY 16, 2019

This means these workers won’t qualify for the federal minimum wage or overtime, and will be responsible for their share of Social Security taxes. In Q4 2018, there was a jump in nonseasonal workers sourcing gigs via digital marketplaces (38.4 In Q4 2018, 37.6 percent in Q3 2018 to 39.3 percent had college degrees.

Study 191

Study Payments Taxes Survey 191

PYMNTS

NOVEMBER 22, 2019

In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve the banking industry. Security Concerns Prompt Fed To Strengthen Big Tech Oversight. Lawyer George Isaacson argued Wayfair’s side in the landmark 2018 South Dakota v. And Former U.S.

South Dakota 101

South Dakota Apple Taxes Cards 101

PYMNTS

APRIL 22, 2020

The technology holding company also has member businesses in gaming, security and financial services. . Founded in 2018, GPay said it has reached $50 million in Gross Merchandise Volume (GMV) and has a presence in 42 cities and provinces. The G-Group ecosystem includes Vietnam’s social media network Gapo and P2P lending platform Tima.

Payments 154

Payments social media Groups Taxes 154

PYMNTS

MAY 2, 2019

Companies employing contractors don’t have to pay them the federal minimum wage, overtime or a portion of Social Security taxes. In Q3 2018, 35.6 In Q4 2018, roughly one-third (32.3 In Q4 2018, far more non-seasonal workers used digital platforms to look for gigs than seasonal workers: 38.4 In Q4 2018, 41.6

Payments 117

Payments Industry Taxes Security 117

PYMNTS

MARCH 5, 2019

tax authority, HM Revenue & Customs (HMRC), conducted a week-long investigation into 50 estate agents suspected of trading without being registered. million over 2017 to 2018. According to Financial Times ( FT ), the U.K.

Compliance 134

Compliance Training Taxes National 134

PYMNTS

DECEMBER 26, 2019

According to data from Refinitiv, funds secured through Indian IPOs dropped to $2.8 billion in 2018. This was only a day before Indian markets were boosted via an official announcement of a cut in the corporate tax rate. Analysts anticipate additional government reforms in 2020 could help improve stock markets, however.

Taxes 130

Taxes Marketing Security Industry 130

PYMNTS

DECEMBER 9, 2020

Before moving over to Duetsche Bank in 2018, Loetscher had previously been in charge of auditing Wirecard at EY, where he worked for over 20 years. 9) that it had reviewed an email to Deutsch Bank staff announcing that Brigitte Bomm, global head of tax, would replace Loetscher effective immediately. The FT reported Wednesday (Dec.

Leadership 151

Leadership Taxes Report Payments 151

PYMNTS

JANUARY 23, 2020

State agencies handle disbursements for property refunds, public programs, taxes and more, and many are still clinging to paper checks as part of their processes, even as they adopt ACH or direct debit payments. The same is true for business entities on other tax programs. We’ve already adopted direct deposit.

Oregon 131

Oregon Tennessee Texas US 131

PYMNTS

JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. The IRS has accepted digitally filed tax documents and issued digital refunds for years, and it received approximately 29 million electronic returns via direct deposit between February 2018 and February 2019.

Payments 130

Payments US Fraud Innovation 130

CB Insights

OCTOBER 21, 2018

The 2018 Fintech 250 have raised approximately $53B in aggregate funding across 947 deals since 2013, and includes startups at different investment stages of development, from early-stage (seed/Series A) companies to well-funded unicorns. Outside the US: 44% of the 2018 Fintech 250 are based outside the US. Please click to enlarge.

Fintech 78

Fintech Lending Capital Analytics 78

PYMNTS

NOVEMBER 6, 2020

Securities and Exchange Commission that it will record a $1 billion, after-tax, non-cash loss in its third quarter report for next year, Reuters reported. The nation’s economy has been stuck in a deep slump since 2018, long before the coronavirus, which has added to the country’s woes and the decline in its economic fortunes.

Retail 152

Retail Taxes Regional Operations 152

PYMNTS

AUGUST 2, 2019

Launched in 2018, the project monitors products sent via several steps to the customer, including product returns, to prevent counterfeit drives from being sent back. In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ).

blockchain 148

blockchain Fraud Data Report 148

PYMNTS

JULY 15, 2020

Its virtual mall solution is called LazMall , which was launched in August 2018. The COVID-19 crisis came during an already tough time for department stores,” said a recent research note from Bank of America Securities. The core Lazada business is centered on eCommerce infrastructure, which has been extended to LazMall.

Groups 153

Groups Branding Retail Taxes 153

PYMNTS

JANUARY 26, 2018

Securities and Exchange Commission (SEC) has reportedly opened an investigation into the accounting practices of digital industrial company General Electric (GE). billion tax charge related to the nation’s recent tax reform. The Washington Post said the SEC had not yet commented on the investigation.

Washington 117

Washington Taxes Course National 117

PYMNTS

SEPTEMBER 21, 2018

percent between 2018 and 2025, a number of local governments are adopting the technology to accept fines and taxes more easily. In the call center space, meanwhile, service providers are upping their use of automation and security technologies. Around The Call Center World.

Trends 152

Trends Security Technology Training 152

PYMNTS

MARCH 13, 2017

Good news is ahead for those suffering from low FICO scores — according to reports this morning, civil judgements and tax liens will by and large be coming off of consumer credit reports. The change will apply to new tax lien and civil judgment data that are added to credit reports as well as existing data on the reports.

Report 111

Report Data Taxes New York 111

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

PYMNTS

OCTOBER 18, 2019

A document titled “Central Bank Money: The Next Generation,” part of a two-year research project, was reportedly presented to the current Bank of Canada Governor Stephen Poloz in 2018.

cryptocurrency 102

cryptocurrency Taxes Compliance Regulation 102

PYMNTS

MARCH 22, 2018

The appointment comes as it was recently revealed that costs from the data breach at Equifax will increase by $275 million in 2018. Citing comments the company made on a recent conference call, Reuters reported the $275 million is in addition to the $164 million in pre-tax costs it reported for the last six months of 2017.

Puerto Rico 101

Puerto Rico United States Leadership Data 101

PYMNTS

MAY 8, 2020

Consumers sitting down to bet through their computers or phones likely do not want to receive winnings via checks and expect effortless digital payments — even with online gambling platforms’ security measures ensuring winners are properly verified. The pandemic is sweeping through an already critical year for online betting.

Online 176

Online Industry New Jersey Pennsylvania 176

PYMNTS

AUGUST 25, 2019

Developed by media group VCCorp, Lotus has already secured an initial investment of 700 billion dong ($30.4 million active Facebook users in 2018, and that number is expected to rise to more than 45 million this year. Vietnam ’s new social network platform, Lotus, is looking to raise as much as 1.2 trillion dong ($52.1

social media 125

social media Taxes Groups Report 125