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“Life takes Visa” but debt collectors don’t? New debt repayment rules are coming for collection agencies on April 15, 2023

CFPB Monitor

Move over, Tax Day! This year, April 15 falls on a Saturday so the IRS moved the tax filing deadline to April 18. Visa recently notified its business network that new rules for debt repayment are coming on April 15, 2023. . What will you do with all that extra time? Don’t worry, Visa’s got you covered. Continue Reading

Taxes 128
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US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

FICO

2023 started off with unexpected growth, mild recession still predicted this year Reviewing earlier forecasts, many economists were predicting a mild recession to begin in the first quarter of 2023. The numbers: First quarter 2023 GDP released by the U.S. by the end of 2023. from February 2023 to March 2023.

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Navigating The ‘Hot Mess’ Of Online Food Delivery Sales Tax

PYMNTS

In commerce, when it comes to taxes, new business models beget new (tax) problems. Against that backdrop, tax collection in the nascent restaurant delivery space remains fragmented at best — and confusing at worst. But in many cases, these firms may not be collecting sales taxes at all. billion received in 2017.

Taxes 131
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Foreign Travel Gets Dearer: TCS on Credit Card Transactions Explained

BankBazaar

Don’t leave without knowing the new TCS rule applicable on Credit Cards, forex cards, debit card transactions, and currency purchases. There is some unfortunate news for travellers who use international Credit Cards while abroad. The only exception was Credit Cards. attracted a TCS.

Cards 78
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How to keep your money and valuables safe while travelling overseas

Qudos Bank

Consider taking a card Having a credit or debit card handy may help add convenience to your trip, as it could eliminate the need for carrying large amounts of hard cash. It also includes complimentary membership as a Qantas Frequent Flyer – allowing you to earn Qantas points * with every eligible card purchase.

How To 52
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Simple ways to help you manage the rising cost of living

Qudos Bank

As prices for essential goods and services continue to rise 1 (reaching a record high as of March 2023 2 ), it can become challenging to keep up with expenses while maintaining a comfortable lifestyle. Centrelink services, such as JobSeeker payments or Low Income Health Care Cards for those from a lower-income background.

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FinCEN’s check fraud alert: Ten red flags you should know

Abrigo

Fraudsters will steal personal checks, business checks, tax refund checks, and checks related to government assistance programs. On February 27, 2023, the Financial Crimes Enforcement Network (FinCEN) issued an alert to financial institutions on a nationwide surge in check fraud schemes targeting the U.S.

Fraud 195