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Employee Or Contractor? California Freight Enters The Worker Classification Debate

PYMNTS

It’s a debate with significant implications for lawmakers in areas like minimum wage and tax policy. Labor Department classified these gig workers not as employees, but as contractors, in a case that enabled an unnamed company hiring these gig workers to not have to pay federal minimum wage, overtime or Social Security taxes.

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San Francisco Official Wants Tax On Robots That Put People Out Of Work

PYMNTS

With a growing number of automated machines performing jobs and tasks that could eliminate jobs, one San Francisco official is pushing a statewide “tax” in California on robots that put people out of work. And even Bill Gates suggested earlier this year that a robot tax could slow down automation and give people time to prepare.

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Today In Digital-First Banking: Green Dot Debuts GO2bank; Stimulus Checks Pose Challenges For TurboTax, H&R Block

PYMNTS

In today’s top news in digital-first banking, California FinTech Green Dot is rolling out the GO2bank mobile banking to help cash-strapped individuals, while stimulus checks are reportedly posing challenges for some users of H&R Block and TurboTax. Green Dot Introduces GO2bank To Help Cash-Strapped Consumers.

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Small Biz FinTech Leads Week’s B2B Funding Roundup

PYMNTS

Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. Data technology startup Incorta secured $30 million in support from backers at Sorenson Capital, GV, Kleiner Perkins, M12, Telstra Ventures and Ron Wohl, the company said this week.

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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. Cumberland Security Bank, Inc. Home Bank of California. First Security Bank of Deer Lodge. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. In true community bank fashion, each has its own story to tell and its own path to success. Less than $300 million.

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Digital License Plates Vie For Place In Connected Car Ecosystem

PYMNTS

There, authorities have approved the use of the plates for vehicles registered in the state, which have also been tested in California. Besides California, states such as Arizona, Texas and Florida are moving toward use of digital license plates. Security and Marketing. And that’s not all they could potentially do.

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B2B Payments Sizzle As Checks Face A Looming Fizzle

PYMNTS

The companies say that will enable commerce, secure payments and easy reconciliation between businesses on a single platform. Separately, Bill.com, in addition to securing $88 million in financing, launched a partnership with Mastercard to speed up accounts payable for joint business customers. billion as a result of capital gains.

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