PYMNTS

FEBRUARY 26, 2020

He took advantage of that access to steal currency stored value (CSV) such as digital gift cards that he then resold on the internet. . On fake tax returns, he said the bitcoin was gifted to him from a relative. Over a seven month period of illegal activity, he transferred into his accounts roughly $2.8 million in bitcoin.

Fraud 207

Fraud Bitcoin Washington Taxes 207

PYMNTS

SEPTEMBER 8, 2020

European crypto exchange Eterbase has announced a hack, affecting hot wallets for six of its listed cryptocurrencies and allowing hackers to make off with $1.6 billion in assorted cryptocurrencies, CoinDesk reported. In other news, Hong Kong's Diginex has raised $20 million as a funding round from private investors, Bloomberg reported.

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PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”. dollars and Ukrainian hryvnias.

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PYMNTS

OCTOBER 24, 2019

23), to both promote and defend proposed cryptocurrency Libra. He faced lawmaker skepticism over a range of Libra’s stated ambitions, but he reiterated his position: Libra is not meant to replace sovereign currency, and it will aid the unbanked population of the world. Visa Partners With Revolut To Introduce Multi-Currency Debit Card.

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PYMNTS

SEPTEMBER 9, 2019

More online gambling sites also apparently are becoming more “friendly” to cryptocurrencies, at least according to CoinRevolution early this month. These casinos have begun to accept deposits in the form of cryptocurrencies such as Bitcoin and others,” that site reported. Lack of confidence will lead to lower tax revenues.”.

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PYMNTS

FEBRUARY 2, 2018

tax laws had on other firms recently reporting results, Mastercard put up numbers Thursday (Feb. Excluding the aforementioned tax impact, earnings per share came in at $1.14, two pennies better than Wall Street expectations. billion Mastercard and Maestro-branded cards issued globally as of year-end. Absent the same impact U.S.

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PYMNTS

FEBRUARY 5, 2018

In the latest salvo against trading bitcoin, Lloyds Banking Group said Sunday that it would ban its clients from buying the marquee crypto (that would be bitcoin, of course) using credit cards, which comes on the heels of similar bans from Citigroup and JPMorgan. Regulatory issues continue to impact the cryptocurrency realm.

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PYMNTS

MAY 19, 2020

And, beyond emails and passcodes, the SSU said per the report that the database had “eWallets of cryptocurrencies” and “PIN codes for bank cards,” among other information. Meanwhile, BlockFi suffered a “temporary data breach” on May 14 that exposed some customer information, the company reported in an incident report.

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PYMNTS

JANUARY 29, 2020

In today’s top payments news, illegal activity involving cryptocurrency is at a record high, U.S. Illegal activity concerning cryptocurrency is at an all-time high, particularly involving drug sales and ransomware cyberattacks. 29) that showed increased spending on cards and across borders up double digits.

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PYMNTS

MARCH 14, 2018

” Oliver was discussing cryptocurrencies and blockchain on his show, highlighting the massive potential the world of FinTech has touted for the last year or so. Earlier this week, the head of the International Monetary Fund (IMF) described this dichotomy as the “peril that comes along with the promise” of cryptocurrencies.

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PYMNTS

MAY 11, 2018

Bitcoin — among other cryptocurrencies — took a fall on Friday (May 11) and hit a three-week low as news surfaced that authorities raided South Korea’s largest crypto-exchange, CNBC reported. Regulatory issues have also impacted the cryptocurrency realm.

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Bitcoin cryptocurrency Comparison Taxes 101

South State Correspondent

FEBRUARY 14, 2022

As we discussed in our primer on defi and blockchain ( HERE ), part of the allure of cryptocurrency is that it transfers the payment’s message (information about the transaction) and value simultaneously. Credit card networks like Visa, Mastercard, and American Express have created a whole layer of value by extracting this data.

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PYMNTS

DECEMBER 7, 2020

Read More On Cryptocurrency: Bitcoin Daily: India Eyes Crypto Income Tax; Ripple Unloads $15.3 Digital dollars, dollar-pegged stable coins … there are many paths to get there, but one thing is a certainty: The digital fiat realm will be a crowded one.

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PYMNTS

JULY 27, 2020

“There was an amazing opportunity to reduce the tax that every business way paying by standardizing this capability and offering it as a service.” ” That’s the crux of the TradeCore platform, recently launched to standardize and accelerate the process of building that foundation upon which FinTech solutions sit. .”

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PYMNTS

MARCH 2, 2018

The most accepted answer comes from cryptocurrency tracking site Digiconomist , which estimates bitcoin mining eats up about 3.4 The less scrupulous participants in the Wild West of cryptocurrency acquisitions aren’t making their presence known; they’re quietly hacking other people’s computers and using them to mine cryptocurrency.

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PYMNTS

APRIL 13, 2020

And despite the fact that cryptocurrency purists may look toward decentralization and an “alternative” to central bank policy, it should be noted here that the dollar remains the conduit to social safety nets, to emergency funds, to, well, everyday commerce. Digital fiat would have the full faith and credit of the central banking system.

Digital Banking 249

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PYMNTS

JULY 25, 2018

The move to bring blockchain beyond cryptocurrency confines — and toward more commercial use cases — continues, with far-flung projects making headlines. KT will use blockchain to come to bear on the energy market, this time in tandem with cryptocurrencies. In this case, cryptos will be used for tax returns and municipal payments.

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PYMNTS

AUGUST 15, 2018

Before the Macbeth purists rankle, we’re talking about cryptocurrencies — where drama is underway, so a bit of poetic license is alright. Bitcoin: the marquee name, the shorthand for the cryptocurrency space, the 800-pound gorilla in a barrel full of monkeys (and there’s little fun to be had in this barrel right now).

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Bitcoin cryptocurrency Security Marketing 102

Abrigo

MARCH 3, 2021

Fraudulent, altered, counterfeit, or stolen EIP checks, Automated Clearing House (ACH) deposits, and prepaid debit cards. Treasury check or deposits related to a prepaid debit card linked to the same address (e.g., An account holder attempts to deposit one or more checks that appear to be issued by the U.S.

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PYMNTS

MARCH 29, 2018

Customers using a Cascade-powered card can now load bitcoin, Bitcoin Cash or Ethereum onto their card and use it in regular stores, where it is converted into fiat currency at the point of sale. Investors liked the idea because crypto-enablement offers a way to invest in cryptocurrencies without actually investing in cryptocurrencies.

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PYMNTS

NOVEMBER 14, 2018

It might be easy to look at that 5 percent year-on-year price decline and conclude that perhaps the world’s best-known cryptocurrency is getting more stable. But a new group of lenders has emerged to help miners and bitcoin holders turn some of their cryptocurrency into more easily spendable fiat funds, without having to sell their coins.

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PYMNTS

JANUARY 24, 2018

Lyft, too, has a similar feature called Express Pay , which allows drivers to transfer their earnings to a debit card after reaching $50 in ride earnings, referrals and mentor payments — and pay a $0.50 The obvious downside is that governments may not get the tax revenue if the cash income is not reported. transfer fee. In the U.K.,

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Payments Examples Taxes Course 129

Javelin Strategy & Research

JANUARY 12, 2022

Reports Section 2022 Cryptocurrency Trends & Predictions Javelin Report Date: December 8, 2021 Authors: Marco Salazar , William Trout , Daniel Gonzalez , Daniel Keyes Research Topic(s): Cryptocurrency The meteoric rise of cryptocurrency so far has outpaced regulators, tax management, and the payments industry.

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PYMNTS

MAY 4, 2018

or Spain, online shopping, cryptocurrency buying and speculating, and peer-to-peer (P2P) transfers. Steckel said the company plans to introduce a debit card soon, and is looking into more ways to facilitate remittances, including establishing a banking connection in Europe. The Alternative.

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PYMNTS

JANUARY 17, 2019

receiving paper checks and even fewer using payroll cards. Employers don’t simply want a payroll solution, she said, but a holistic suite of human capital management tools that can handle everything from tax compliance to integrations with time-tracking solutions. ” In the U.S.,

Capital 173

Capital Tools Survey Management 173

Abrigo

FEBRUARY 15, 2023

Institutions should also monitor virtual currency or cryptocurrency transactions for unusual activity. Common types of fraud impacting financial institutions include trending fraud schemes such as romance scams, synthetic identity fraud, check fraud, and point of sale (POS) or card-related fraud.

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PYMNTS

JANUARY 26, 2018

percent related to prepaid cards and 2 percent to payday lending. The new movement on the pre-paid card rule followed news last week that the CFPB will also take another look at the payday lending rule put into place during Corday’s final days as executive director. South Korea is levying heavy duty taxes on trades.

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Lending Cards Millennials Data 101

CB Insights

NOVEMBER 21, 2019

Companies in this subcategory (1) provide technology to accounting and tax, bookkeeping, and expense management players, or (2) leverage technology to provide these services directly to end-users. For example, KNØX Custody (disclosed equity funding of US $6.2M) provides insured cryptoasset and cryptocurrency custody solutions.

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Fintech Marketing US Technology 93

MyBankTracker

JULY 30, 2020

It comes with a debit card and has no setup free or annual fee. Having multiple accounts can help you diversify your investments and manage tax liability on your investments. Are Tax-Loss Harvesting and Automatic Rebalancing Included? This can help minimize your tax bill when it’s time to report investment gains.

Online 52

Online Taxes Tools Analysis 52

PYMNTS

JANUARY 31, 2020

For Chinese consumers, the partnership will allow any UnionPay consumer to link their card credentials to a PayPal wallet — and start transactions with PayPal’s 24 million merchants worldwide. That is a lot more than the card networks have right now.”. But in the long term, that isn’t going to disrupt the banks.

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MyBankTracker

AUGUST 24, 2020

Rebalancing and tax loss harvesting are not included. But you also get investment accounts for up to two kids, monthly market updates and a metal debit card to access your Stash bank account. And ETFs are great for investing because they tend to be cost- and tax-efficient. Grow an investment portfolio automatically.

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PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. Anyone in a regulated industry — and that’s just about all of them — are also plenty dubious about using cryptocurrencies as the processing rails for supporting those pilots and incorporating them into their longer-term plans should their pilots show promise. And to learn.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

FEBRUARY 16, 2018

PepsiCo turned some heads with its quarterly earnings call announcement that it would take some of its tax reform windfall and reinvest it in improving the firm’s eCommerce efforts. Could a decrease in the estimate for consumer spending be in the cards? According to PepsiCo CEO Indra K.

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Retail Branding Mobile Strategy 124

PYMNTS

OCTOBER 14, 2016

Takach noted that the cryptocurrency industry is still nascent, and evolving bitcoin or blockchain technology could look very different a few years from now. A local bitcoin radio ad campaign is attempting to win support for local bitcoin owners to allow them to pay a lower percentage fee to credit card companies from their sales.

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Bitcoin Conference New Hampshire blockchain 100

CB Insights

SEPTEMBER 10, 2019

Being comfortable with the idea of alternative financial systems has opened the door to a variety of innovations, from alternative investment vehicles like cryptocurrency to point-of-sale lending alternatives. Today, Mint has tools to help the millennial money manager tackle spending as well as credit cards and loans. It acquired 1.5M

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Millennials Mobile Lending Cards 77

MyBankTracker

SEPTEMBER 17, 2020

That means you’ll need to look elsewhere if you want to invest in: Bonds Forex Options Futures Cryptocurrency Real estate But there’s an upside. If you choose to trade with a credit or debit card, you’ll pay a 3% surcharge for that. Are Tax Loss Harvesting and Automatic Rebalancing Included?

Online 52

Online Tools Taxes Management 52

PYMNTS

FEBRUARY 15, 2019

Card-present fraud slides, again: Continued traction is evident in the fight against fraud at the register. Visa reports that merchants have seen an 80 percent drop in card-present fraud – as measured from September 2015 to September of 2018 – due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards.

New York 115

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