PYMNTS

DECEMBER 27, 2019

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. . A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws. Gov’t Fights States’ Bid To Block Sprint, T-Mobile Merger Saying Move Would Slow 5G.

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PYMNTS

JUNE 6, 2019

Changes in lease accounting standards have led top retailers and restaurant chains in the U.S. to significantly increase their liabilities, leaving some investors caught off guard, according to Bloomberg Tax reports Wednesday (June 5). On the retail side, Nordstrom posted a nearly 25 percent increase in liabilities.

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Taxes Analytics Policies Retail 108

South State Correspondent

DECEMBER 6, 2022

However, now is the time to analyze and understand how inflation affects CRE net operating income (NOI), DSCR, and free cash flow. Further, our tax system penalizes free cash flow generation when inflation is high because of the nature of fixed asset depreciation. We can change our assumption about revenue sensitivity to inflation.

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Analysis Taxes US Management 195

PYMNTS

FEBRUARY 20, 2020

home and fashion-ware retailer. based Wells Fargo and Malaysian group MUI Asia , it should be well-poised to utilize the needed funds from its working capital facility to meet its immediate funding needs. The retailer said the agreement did not constitute a cash injection from MUI Asia.

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Maine Taxes Retail Groups 130

PYMNTS

JUNE 14, 2018

Sizzle of the Week: Retail’s 2018 Rebound. Retail has had a rough couple of years, as most players that aren’t Amazon have struggled to cross the digital, omnichannel chasm. On the whole, with some notable exceptions, retail has landed on our Fizzle list more often than the Sizzle list in recent memory. Retail sales are up 5.9

Retail 108

Retail Bitcoin Course America 108

PYMNTS

JUNE 22, 2020

Asset manager Brookfield, which owns stakes in numerous malls, is demanding retailers pay back rent even as the Toronto-based investment group has missed mortgage payments, the Financial Times reported Sunday (June 21). As those centers get back to operating, we expect those collections to recover.”.

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Payments Retail Taxes Management 146

PYMNTS

NOVEMBER 19, 2019

While Ant didn’t reveal if it would pursue a retail or wholesale license, it will be easier for it to obtain the latter. Ant Financial produced a pre-tax profit in the neighborhood of around $200 million, according to Alibaba’s yearly report. billion) in capital and local control. billion ($1.1

Digital Banking 101

Digital Banking Capital Taxes Groups 101

PYMNTS

APRIL 7, 2017

Flow, a startup that helps companies sell their products around the globe, has raised fresh funding from Forerunner Ventures and Fung Capital. According to a report in TechCrunch profiling the startup, Flow created a platform that helps brands and retailers sell their products in multiple regions and geographies.

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Regional Capital Branding Taxes 100

PYMNTS

NOVEMBER 14, 2016

Some say, soon, AWS may subsidize Amazon’s retail operations — if it isn’t already. While only about 11 percent of Amazon retail’s $29 billion in earnings, AWS’ margins are much higher — $1 billion compared to Amazon retail’s $360 million. But AWS reportedly took in $3.2

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Taxes Retail Google Industry 100

PYMNTS

APRIL 12, 2019

Robotics and automation were areas of focus for both retailers this week as they seek to upgrade their operations in an effort to capture more consumer spend. The move comes as cities and states are passing bans on cashless retail establishments, on the argument that such retail discriminates against unbanked consumers.

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PYMNTS

APRIL 10, 2020

While they will lack the sheer financial clout of federal assistance, they are starting to offer strategies beyond capital infusions that will assist in restarting small business when the crisis passes. Boulder, Colorado has been working on strategies to help downtown retailers since before the coronavirus crisis.

Maine 141

Maine Seattle San Francisco New York City 141

PYMNTS

AUGUST 23, 2018

The home improvement retailer reported net income of $1.52 We posted solid results this quarter by capitalizing on delayed spring demand,” said President and CEO Marvin R. Lowe’s announced its second quarter earnings and sales, beating out analysts’ expectations. billion ($1.86 billion ($1.68 per share) the previous year. percent. “I

Retail 100

Retail Taxes Capital US 100

PYMNTS

OCTOBER 31, 2019

Yes Bank is a private-sector bank that mainly operates as a corporate bank, but it also does asset management and retail banking. The bank has had a tumultuous 2019, facing increased attention from regulators as well as scrutiny from investors, who are concerned about bad loans , lack of lender regulation and availability of capital.

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Regulation Taxes Maine Capital 100

PYMNTS

JANUARY 16, 2020

To that end, Far Point Acquisition – which operates as a “blank check” company that focuses on financial technology deals – said on Thursday (Jan. Taken together, the $350 million in capital invested by Ant and the group of financial investors values the firm with an enterprise value of about 2.3 billion euros.

Payments 100

Payments Taxes Groups Fintech 100

CB Insights

FEBRUARY 13, 2020

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Sigma aims to streamline business operations. Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community.

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Online Company Retail Payments 98

PYMNTS

JANUARY 9, 2017

for $450 million, and the retailer already has a buyer solidified for the sale. According to a press release , the capital markets team from commercial real estate services firm Avison Young is advising a Dallas investor in the acquisition and repositioning of the headquarters. Capital Markets for Avison Young.

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Dallas Capital Leadership Taxes 100

PYMNTS

DECEMBER 3, 2019

News has emerged, via Bloomberg , that Singapore-based automotive subscription operation Carro has gained the top automotive investment banker for HSBC in Asia as the company’s new chief financial officer. According to the report , the deal comes as Carro raised some $30 million in fresh capital. Subscription Growth. Ford Retreat.

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Nashville Tennessee Philadelphia Branding 130

PYMNTS

MARCH 28, 2019

Synchrony already offers consumer financing to those merchants across verticals such as retail, auto and health. The gap is part of business life for firms large and small, and reflects the fact that there is often a timing mismatch between revenues, expenses and capital expenses. Hiccups — And The SMB Financing Need.

Data 131

Data Operations Capital Taxes 131

Abrigo

MARCH 13, 2024

CRE is now arguably the riskiest asset class due to a perfect storm of: Systemic changes in the way we utilize real estate (not just office, but retail, housing, and other sectors). Beyond a hard money default due to a payment or maturity event, early warning signs for CRE loans typically manifest as a : Failure to pay real estate taxes.

Strategy 221

Strategy Course Meeting Taxes 221

Jeff For Banks

JUNE 10, 2022

Anton Schutz, President and Chief Investment Officer, Mendon Capital Advisors. Anton formed and has led Mendon Capital for over 25 years. Prior to starting Mendon he worked for Tucker Anthony Capital Markets working in the banking sector, and before that worked in Structured Derivates at Chase Manhattan.

Conference 78

Conference Taxes Strategy Community Bank 78

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. One of the biggest challenges these companies face is that many operate without a bank charter or license. why profitability won’t come easy.

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Retail Cards Millennials Mobile 78

FirstInternet

NOVEMBER 23, 2020

Now is absolutely the time to begin to develop your tax strategy with your accountant. For example, if you received a Paycheck Protection Program loan, you’ll need to know how your loan forgiveness (or not) will affect your next tax return. This is where the advice of a trusted financial professional is critical.

social media 98

social media Taxes Study Retail 98

Jeff For Banks

MARCH 5, 2021

According to my firm's profitability peer group, a branch with $74 million in average deposits made a mere pre-tax profit of three basis points. The average operating cost to originate and maintain an unsecured personal loan is $287 (again, according to my firm's profitability outsourcing service peer group).

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Regulation Indiana Charlotte Community Bank 78

PYMNTS

JANUARY 25, 2019

The flow of commerce and capital gets bogged down in phone calls, applications, emails and inefficient risk profiling based on traditional credit models. Credit can bridge the gap as companies run their day-to-day operations, and help them capture top- and bottom-line growth. To that end, Fundbox said in a release on Friday (Jan.

Retail 159

Retail Capital Data Payments 159

PYMNTS

JULY 27, 2018

Cross-border B2B payments company Flywire secured $100 million in funding this week, led by Temasek, while existing backers Bain Capital Ventures and F-Prime Capital Partners also participated. Its tool integrates with existing platforms like QuickBooks, while its features include payments, invoicing, budgeting and tax management.

Payments 101

Payments Capital Security Management 101

BankUnderground

AUGUST 30, 2023

Profits versus excess profits: measurement and trends Measuring profits is a challenging task : national accounts data are affected by the ‘mixed income’ of self-employed, taxes and subsidies, and conflate two different dynamics: those of the market and non-market (real estate and public) sectors.

Capital 57

Capital Comparison Maine Industry 57

PYMNTS

APRIL 14, 2017

After it became illegal in the United States through the Marihuana Tax Act of 1937, the business of selling cannabis went mostly underground. One company that’s looking to capitalize on the cannabis market is startup on-demand delivery company greenRush. This is the marketplace that connects patients with retailers.

Las Vegas 140

Las Vegas Los Angeles Retail United States 140

South State Correspondent

MARCH 28, 2024

The various programs are wide ranging, complicated, and impactful which is why now is an excellent inflection point to provide financial advisory to both your retail and commercial customers. The breadth of these programs is massive and combines grants, tax credits, production incentives, tax relief, and private investment stimulus.

America 195

America Strategy Taxes Community 195

PYMNTS

JUNE 5, 2019

Marrying payments with commerce, Cregan and his team created a merchant coalition that uses geolocation and mobile technology to, say, inform cardholders that they are within a short distance of a participating retail location, offering a discount for a limited time (perhaps $2 off a specialty beverage for the next two hours.).

Cards 158

Cards Las Vegas Innovation Mobile 158

PYMNTS

FEBRUARY 10, 2020

The jousting over eCommerce taxes — especially for U.S. firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small.

Taxes 175

Taxes Illinois Study Operations 175

PYMNTS

JANUARY 24, 2020

On the other hand, “if their business is brick-and-mortar, for example a restaurant or retailer, gig workers can have very little benefit overall because the ramp-up time for learning a POS [point-of-sale] system, or learning recipes, is difficult.”. Among the largest is the friction SMB owners face when seeking capital.

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Survey System Capital Management 130

PYMNTS

MARCH 9, 2018

Kroger, the supermarket operator , saw its stock tank in what is the largest sell-off of shares in months over declining gross margins for its fiscal fourth quarter. BMO Capital Markets analyst Kelly Bania told MarketWatch that the gross margins were “meaningfully lower” than the ten basis point increase she has been looking for.

Taxes 100

Taxes Capital Report Operations 100

PopularBank

OCTOBER 28, 2020

The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc. Virgin Islands.

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Puerto Rico New York Metro Community 52

PYMNTS

NOVEMBER 14, 2018

The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., billion refundable tax credit is reportedly based on the “percentage of salaries Amazon expects to pay employees over the next decade, or $48K per job for 25K jobs.”

New York City 122

New York City New York Virginia Chicago 122

Independent Banker

MAY 2, 2016

Retail locations: Eight. Thanks to the hard work of our employees and significant financial commitment from our directors and some key shareholders, we were able to preserve local control of our bank, restructure its capital and restore our company to sustained profitability. Community First Bank & Trust. Columbia, Tenn.

Community 70

Community Capital Taxes Management 70

PYMNTS

MARCH 25, 2019

Once closed, the conjoined firm will offer enterprise banking, payments, capital markets and global eCommerce services to financial institutions and businesses around the world. We started to really think about how [we] not only simplify integration and onboarding, but [how to] better manage operations on an ongoing basis,” he said. “We

Google 126

Google Data Apple Jacksonville 126

CB Insights

DECEMBER 15, 2020

Get the free 64-page download to learn how industries are using tech to reimagine nearly every facet of their operations. More recent entrants like Personal Capital and Betterment also provide hybrid robo-advisory solutions and will have to compete with incumbents on pricing to maintain their respective customer bases. First name.

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Management Fintech Industry Trends 87