PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Not only do regulations vary from jurisdiction to jurisdiction, but the consequences of non-compliance vary greatly, too. There are also an “extremely high number” of tax rules.

Compliance 146

Compliance Marketing Taxes Groups 146

PYMNTS

JANUARY 21, 2020

After a ruling by a location regulator that the firm wasn’t fairly engaged in competition, Uber Technologies Inc. is asking for the Colombian government to put emergency regulations into place to enable its ridesharing service to continue running.

Regulation 130

Regulation Taxes America Policies 130

PYMNTS

AUGUST 3, 2018

For much of the world, electronic invoicing is taking off — not only for the benefits it offers, like enhanced cash flow visibility, but largely because jurisdictions are implementing eInvoicing regulatory requirements to crack down on tax evasion. Europe and Australia, too, have eInvoicing mandates in place. While the U.S.

Regulation 101

Regulation Data America Payments 101

PYMNTS

AUGUST 24, 2020

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Regulations. Facebook Supports Data-Portability Law. Facebook has advocated for a law that would simplify the process of moving videos and pictures to a competing site.

social media 152

social media Data Apple Compliance 152

PYMNTS

SEPTEMBER 25, 2018

is the company’s most searched destination when it comes to traveling outside of North America, thus the expansion into the market. could face regulation similar to that of traditional car rental companies. According to reports citing Turo Chief Executive Andre Haddad, the U.K.

San Francisco 122

San Francisco Maryland Illinois Taxes 122

PYMNTS

APRIL 30, 2018

But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. This week’s B2B Data Digest is all about small businesses in America, their financial hurdles and their outlook for the future.

Taxes 144

Taxes America National Community 144

PYMNTS

NOVEMBER 13, 2017

Small business owners have a lot on their plates today and, depending on who one asks, top concerns range from taxes to late invoice payments. Luckily, research from Bank of America, Wells Fargo, Capital One and others often point to one thing: Despite the challenges, small businesses are optimistic.

Taxes 105

Taxes Survey Capital America 105

PYMNTS

MAY 9, 2016

Bank of America, Capital One, Wells Fargo, Chase and more published their findings — sometimes to contradicting conclusions. Paychex expects the index to continue to be “pretty steady” this year, though small businesses are particularly concerned with new regulations, like changing overtime compensation rules. The index recorded a 0.28

America 100

America National Capital Survey 100

PYMNTS

DECEMBER 10, 2020

Plus, HM Treasury is seeking input on the challenges that the sharing economy brings for value-added tax (VAT). In today’s top payments news around the world, Xoom is now offering clients in the U.S., Canada, Europe and U.K. the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc.

Payments 178

Payments Google Technology Taxes 178

PYMNTS

SEPTEMBER 14, 2018

Next month, a pop up store will open in the Mall of America to display as many as 150 recommended products in an experiential retail effort. British Airways will likely be the first company cased under GDPR, and a fine may loom if regulators find the company did not have adequate security measures in place.

Fraud 139

Fraud cryptocurrency Bitcoin America 139

PYMNTS

MARCH 26, 2018

Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. She pointed to Latin America , which enacted some of the world’s first eInvoicing mandates for the purposes of tax rule enforcement. billion every year.

Taxes 102

Taxes Fraud Compliance Regulation 102

Bank Innovation

MAY 11, 2017

company owned servers and 3) regional jurisdictional data, payments and identity infrastructure is inevitable and the most effective way to manage those threats is by giving would-be-global European firms a competitive edge in the form of regulation. understand that 1) massive amounts of European capital flow to the U.S. It’s both.

Regulation 252

Regulation Regional Apple America 252

Lex Sokolin

JANUARY 14, 2021

American financial regulation is an alphabet soup, and has grown out of politics and crises. Like taxes. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e., Assets at the giant, federally regulated banks like Citi and JP Morgan, are ballooning.

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

American financial regulation is an alphabet soup, and has grown out of politics and crises. Like taxes. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e., Assets at the giant, federally regulated banks like Citi and JP Morgan, are ballooning.

America 52

America Wyoming National Capital 52

PYMNTS

JANUARY 22, 2018

Nordea is not the only financial institution that has approached cryptocurrency cautiously: Bank of America Merrill Lynch banned its clients from investing in a top fund led by bitcoin mogul Barry Silbert. At the time, police and tax authorities had reportedly been raiding local exchanges on alleged tax evasion charges.

cryptocurrency 140

cryptocurrency Bitcoin Taxes America 140

PYMNTS

MARCH 14, 2019

The 340 survey respondents, based mostly in North America and Europe, revealed their rising concerns over political gridlock in the U.S. ” and an overall rise in complexity of current regulations. Unfortunately, the report found, recent tax reform in the U.S. Unfortunately, the report found, recent tax reform in the U.S.

Fraud 115

Fraud Survey Taxes Regulation 115

American Banker

FEBRUARY 24, 2020

The author of a recent op-ed fails to realize that making credit unions pay corporate taxes would drive up costs for customers and weaken the economy.

Taxes 45

Taxes America National Regulation 45

Independent Banker

MARCH 31, 2022

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

CFPB Monitor

DECEMBER 22, 2014

Mishkin The American Bankers Association, Consumers Bankers Association, Independent Community Bankers of America, National Association of Federal Credit Unions, and Association of Military Banks of America have submitted a 59-page letter commenting on the Department of Defense’s proposed revisions to its Military Loan Act regulations.

Groups 74

Groups Regulation Industry America 74

PYMNTS

DECEMBER 18, 2017

Amid these changes is a world of regulatory shifts, from tax reform in the U.S. 50 percent of North American CFOs believe large companies will benefit the most from tax reform , according to a new CNBC survey. to financial reform in China and Brexit in the U.K.

Taxes 109

Taxes Survey Analysis Big Data 109

PYMNTS

JULY 17, 2019

David Marcus, head of Facebook’s new Calibra crypto wallet subsidiary, addressed concerns related to regulation and the cryptocurrency’s potential impact on the U.S. The lawmaker said that “this may do more to endanger America than even that.”. dollar during the committee hearing on Wednesday (July 17). California Rep.

Kentucky 100

Kentucky New York Regulation cryptocurrency 100

Jeff For Banks

JUNE 30, 2017

Dodd-Frank, the CFPB, and regulators "disparate impact" doctrine are pushing community financial institutions out of consumer banking. They pay no Federal income taxes. These disclosures are required by law and bank regulators. She admits that regulation stifles innovation. They're called Credit Unions.

America 60

America Report Pennsylvania Regulation 60

PYMNTS

OCTOBER 14, 2019

John King, Ernst & Young Americas ’ vice chair for assurance, wants to see more consistency from the country’s audit regulator, the Public Company Accounting Oversight Board (PCAOB), and has called for a retooling of out-of-date quality control rules that are more in line with international standards.

Compliance 100

Compliance blockchain Training Taxes 100

PYMNTS

JUNE 24, 2019

Financial regulators are considering allowing smaller businesses (SMBs) more time to comply with sweeping changes in lease accounting standards, which experts have said will place a significant burden as organizations work to comply with the requirements.

San Diego 145

San Diego Compliance Conference Taxes 145

PYMNTS

JULY 20, 2018

based investors, 18 percent Canadian and 12 percent from outside North America, including London, Frankfurt and Hong Kong. “It Senate panel voted to block an amendment that would allow banks to open accounts for marijuana businesses without being punished by federal regulators. It signifies a global shift in perception.”.

Company 144

Company Capital Taxes Industry 144

PYMNTS

SEPTEMBER 20, 2017

Regulators, especially at the state level, are forcing companies to change their payroll software and strategies. Research from The Workforce Institute at Kronos released last month found that companies spend as much as $100,000 every time payroll and labor regulation changes across federal, state and local level authorities.

Taxes 100

Taxes Survey Compliance Regulation 100

PYMNTS

JUNE 8, 2016

Billentis pointed to markets across Latin America and Asia that seem to suggest that a drastic overhaul of procure-to-pay functions in an effort to digitize and automate the process is not only possible but more effective than a gradual, incremental approach to doing so. That includes disruptive technologies. A Faster Way.

America 100

America Taxes Tools National 100

PYMNTS

MAY 23, 2017

Raimundo Diaz, head of Americas at TMF Group, and Jason Gerlis, regional director of North America at TMF Group, both chatted with PYMNTS about the findings in the report. He pointed to Ireland, which successfully shaped tax policy to attract FDI in the market, as well as jurisdictions in Asia that are doing the same.

US 100

US Compliance Taxes Trends 100

PYMNTS

MARCH 6, 2019

” Accounting strategies can not only boost transparency for regulators and visibility for a firm’s own leadership, but regulators say they can also promote security. A recent report from CFO.com shed light on another factor driving accounting and financial transparency within corporate America. Last October, the U.S.

Report 139

Report Leadership Regulation California 139

PYMNTS

NOVEMBER 29, 2017

Florida, which recently legalized medical marijuana, saw its issuing of state ID cards slowed dramatically because Bank of America rather adamantly refused to touch online payments for medical marijuana cards. A very wide path. The exchange we are working on building will be up and launched by Jan.

blockchain 102

blockchain Industry District of Columbia Florida 102

PYMNTS

JULY 30, 2019

In Latin America, countries are in different stages of the process to define the [open banking] model that will be adopted, but it’s an inevitable change,” Junqueira said. In small business banking, the friction points that threaten the user experience are quite similar in Latin America to the friction faced in the U.K., Europe, U.S.

User Experience 122

User Experience America Analysis Industry 122

PYMNTS

DECEMBER 8, 2016

company looking to do work abroad, it means you can’t ignore these various regulations, either. “If you want to roll out eInvoicing across your global enterprise, you need to be mindful of these different regulations in different parts of the globe that you need to be in compliance with,” he said. .

Compliance 100

Compliance Regulation Taxes Fraud 100

Abrigo

SEPTEMBER 10, 2021

BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. BSA Rules and Regulation. BSA Rules and Regulation. After a few years of court battles over specific privacy laws, the Currency Transaction Report (CTR) became mandated by the BSA in 1976.

Training 195

Training Risk Management Pennsylvania Resources 195

Independent Banker

SEPTEMBER 30, 2021

military installations, and these banks “punch above their weight,” according to Steven Lepper, president and CEO of the Association of Military Banks of America (AMBA). Steven Lepper, Association of Military Banks of America. ICBA is waking up members of Congress to the misconduct of credit unions, chiefly their tax exemption.

Arkansas 168

Arkansas Community Bank Community Operations 168

PYMNTS

DECEMBER 10, 2018

The business was handling trusts in low-tax locations like Germany and the Virgin Islands. Most of its clients were in Latin America and Asia-Pacific locales, and only a few were in Germany. In October of 2017, a deal was reached to sell the unit to N.T. Butterfield & Son, and the sale was completed in March.

Virgin Islands 167

Virgin Islands Taxes America Report 167

Banking 2020

NOVEMBER 25, 2015

China has introduced new draft rules that are intended to tighten regulations governing online payments in the country. The impact of tougher regulations. ” One of the biggest challenges for the payments sector as a result of the new regulations would be the addition of more steps for validating user identities.

Regulation 40

Regulation Online Marketing Payments 40

PYMNTS

APRIL 27, 2016

Not just staffing issues, learning the local culture in a new market and, as is germane for payments, learning the local views on cash, credit and import and export taxes. The executive noted that “some areas of regulations are gray” and that it is hard to get answers, in some cases, to exactly what needs to be done in specific countries.

Study 100

Study Payments America Regulation 100