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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

PYMNTS

It’s the end of a short holiday workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. .

Taxes 101
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On Demand Pay Finds A Home In Financial Services

PYMNTS

The tax situation can also improve for individuals and their employers alike as workers move to leafier, suburban locales. For example, in New York state, the top marginal income tax rate is nearly 9 percent, plus another 3 percent in New York City. Other states, like Florida, may have no state income tax.

Taxes 170
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Direct Listings And SPACS, Change The Face of Public Offerings

PYMNTS

Securities and Exchange Commission approved a plan by the New York Stock Exchange to approve “direct” listings by companies, which let companies come to market without the underwriters (typically) large banks that charge hefty fees to bring the deals to the Street and reach institutional and retail investors.

New York 270
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Thomson Reuters First Major Data Provider To Join R3 Blockchain Consortium

PYMNTS

. “There are 50 financial institutions that are already members of R3, and they are all clients of ours,” said Mark Rodrigues, managing director of strategic customers and solutions at Thomson Reuters in New York, in a report. “We We believe strongly in collaboration with clients, specifically client-led innovation.”

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US B2B Startups Dominate $337 Million Worth Of Funding

PYMNTS

Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. Kenna said it plans to use the funds to expand its team, focus on sales and continue innovation efforts. Cybersecurity. Back-Office.

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The Geopolitics of PSD2

Bank Innovation

rehabilitation and growth has lagged behind the rest of the world, youth unemployment in the region continues to grow, political unrest is destabilising the continent, the progressive socio-economic pledge of Europe is being challenged and vitally, Europe has failed to develop any new corporate global powers for the digital age.

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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.