PYMNTS

SEPTEMBER 17, 2019

And an increased number of banks are swapping their own regulators for Office of the Comptroller of the Currency (OCC) oversight. Square Launches SMB Tax ID Tool. Its purpose is to simplify the challenging EIN acquisition process to create a separate tax infrastructure for the business. Late payments in the $1.8

Payments 100

Payments Taxes Regulation Tools 100

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. Take credit cards, for instance. While the U.S.

Regulation 101

Regulation Data America Payments 101

PYMNTS

OCTOBER 7, 2019

The legislation aims to ensure that state-authorized and regulated cannabis businesses are not forced to operate with cash only. What that might be remains unclear, but the fate of the SAFE Banking Act and larger political concerns will help dictate that, as will the success of various states to innovate new ways of cannabis payments.

Payments 213

Payments Ohio Cards Industry 213

PYMNTS

FEBRUARY 1, 2021

A Leapfrog To Instant – Or Room For Cards, Too? . The question remains as to whether there will be a leapfrogging from cash to instant payments, bypassing cards along the way. There will be room for payments that ride the card network rails, she said, in addition to direct account-to-account transactions.

Payments 250

Payments Cards Taxes System 250

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

Abrigo

MARCH 3, 2023

Fraudsters will steal personal checks, business checks, tax refund checks, and checks related to government assistance programs. Introduction Check fraud is alive and well As we think about the evolution of banking and the innovative ways to move money, writing checks does not come to mind as a frequent transfer method.

Fraud 195

Fraud United States Trends Software 195

PYMNTS

MARCH 14, 2018

“The same innovations that power crypto-assets can also help us regulate them,” said Christine Lagarde in an IMF blog post Tuesday, according to CoinDesk reports. Blockchain, on the other hand, has a potential to facilitate data exchange between regulators and relevant parties to combat this threat. In the U.S.,

blockchain 129

blockchain cryptocurrency Regulation Taxes 129

PYMNTS

APRIL 25, 2016

And speaking of free, they surely have a great “free” thing going themselves — they get paid really good salaries and other perks that are – let’s sing this together now – “tax FREE!”. And, speaking of “free” the CFPB has the biggest “free” credit card in the whole wide world. Free – a good gig if you can get it. Interest free!

Regulation 100

Regulation Google Course Cards 100

PYMNTS

JUNE 26, 2020

The government has since turned to prepaid debit cards to reach some of the millions of citizens who fell through the cracks in the early phase of the program. One key innovation does away with the paper and direct deposit checks all together.

Tools 130

Tools Cards United States Innovation 130

PYMNTS

MARCH 27, 2020

While open banking FinTech innovation has initially focused on opening up bank account data to third party platforms, there is another component to the initiative with major implications for the payments landscape. QR codes [are] an excellent example of the innovation we will see on the back of Payments Initiation.

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

JANUARY 12, 2021

As PYMNTS has reported, consumer expectations and retail commerce have both evolved quickly to meet the demand that everything from credit to debit cards to digital wallets be on offer as payments choice. Flexibility Is Key.

Payments 260

Payments Compliance Technology Taxes 260

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. “With these new rules, instead of lowering the barriers to innovation, they’ve raised them,” Chinese financial news commentator Yu Fenghui told the Journal.

Regulation 40

Regulation Online Marketing Payments 40

PYMNTS

MAY 14, 2018

In many ways, eCommerce has dissolved borders, creating new expectations for business to be conducted between countries with different currencies, languages and regulations. And as the ability to send payments electronically becomes faster and cheaper with innovation, it seems like doing business globally should no longer be a big deal.

ATM 101

ATM Compliance Regulation Cards 101

PYMNTS

MARCH 18, 2019

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. A Couple of Important Dots. That’s a big claim.

Payments 201

Payments Cards Operations System 201

PYMNTS

JANUARY 12, 2021

As PYMNTS has reported, consumer expectations and retail commerce have both evolved quickly to meet the demand that everything from credit to debit cards to digital wallets be on offer as payments choice. Flexibility is Key.

Payments 153

Payments Compliance Technology Taxes 153

PYMNTS

JANUARY 1, 2021

This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and commerce business. regulations.”. The Trackers use a number of creative methodologies and frameworks that measure and benchmark an ever-changing landscape. Credit Union.

Trends 259

Trends Video Retail Payments 259

PYMNTS

MARCH 12, 2019

and Canada, where open banking regulations are not in place, how do financial service providers act on the demand to move data and connect platforms? ” It was the latter for Wave, which recently acquired small business account and debit card solutions provider Every. But in jurisdictions like the U.S. ”

Data 184

Data Fintech Strategy Regulation 184

PYMNTS

SEPTEMBER 18, 2019

In a market without Open Banking regulations, FinTechs continue to enter in to the market, collaborating with bank partners to offer their own financial services — which often compete directly with other financial institutions. The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S.

Fintech 144

Fintech Payments Meeting Capital 144

PYMNTS

MARCH 19, 2018

And that we should do that not because they’re tax evaders or evil — all things he said they, like all of us, are. And not even because they’re job destroyers, which he said is the natural consequence of innovation, and innovation is goodness. How about Facebook gift cards? A slam dunk for Facebook, right?

Google 148

Google Apple Retail Millennials 148

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. The exchange we are working on building will be up and launched by Jan.

blockchain 102

blockchain Industry District of Columbia Florida 102

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. And one that should be every innovator’s anthem: “ Well done is better than well said.”. Three things that today seem more like talk than truly transformative innovations. Then, there are the claims being made by innovators about its potential. Benjamin Franklin.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

APRIL 16, 2018

In recent years, Tax Day has also become a time to make big statements on taxes. If you look back at history, the purpose-built payment terminal solved a pressing need — that was the innovation. Also, don’t forget to file your taxes. We won’t do that. You’re welcome. Verifone Goes Private.

San Francisco 101

San Francisco Taxes Lending Branding 101

PYMNTS

NOVEMBER 12, 2016

It’s also wetter and more sparsely populated and has higher taxes, and it’s really expensive to become a Canadian citizen. One can live as an expat — but that often requires filing two tax returns (a Canadian and a U.S.) You also can’t use your Visa card at Walmart. But Canada is a lot colder than the U.S.

Alaska 138

Alaska California United States Texas 138

PYMNTS

FEBRUARY 18, 2019

This week, I’m compelled to offer a few thoughts that go against the grain on several topics that made the news last week: Amazon’s NY HQ2 , card interchange fees and Facebook ad revenue. Card Networks Want to Raise Their Prices. For those consumers who prefer not to use mobile apps, contactless cards will pick up the cashless slack.

Cards 169

Cards Course Study New York 169

CB Insights

APRIL 29, 2019

INNOVATION IS MORE THAN FANCY JOB TITLES. Get the free 31-page State of Innovation report to find out how 677 corporate strategy execs are driving change and growth. Innovation Evangelist. Both SAP and Google have employed an innovation evangelist in years past. Innovation Alchemist. Tax Wrangler.

Innovation 78

Innovation Software Taxes Google 78

PYMNTS

MAY 14, 2018

Traditional banks are not required to know that you are selling Hallmark cards to minors. Big names like PayPal and HP have shown support, while FinTech innovators have introduced a slew of new offerings for the industry. According to Lang, traditional FIs cannot meet this regulatory compliance and reporting need. policymakers in 2014.

Compliance 130

Compliance Guidelines Industry Taxes 130

PYMNTS

JULY 30, 2019

Having recently announced a $400 million Series F funding round, Nubank is developing a small business banking solution after expanding from its initial services as a credit card issuer. The market as a whole can benefit from the competition and innovation that open banking will provide to the industry.”.

User Experience 122

User Experience America Analysis Industry 122

Insights on Business

JULY 20, 2017

Regulations, such as Payment Services Directive (PSD2), are forcing banks to “open up”, enabling customers to easily share data with third parties. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. Examples of open banking in practice.

Fintech 181

Fintech Mobile Examples Data 181

Gonzobanker

DECEMBER 17, 2021

This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. Eric has always been a student of innovation, and now at Coastal, this fearless leader has spearheaded a number of high-profile banking-as-a-service partnerships. The most important aspect of this deal is Huntington.

Fintech 143

Fintech Strategy Leadership Lending 143

Banking 2020

DECEMBER 3, 2015

This is among the key findings of Capgemini and Royal Bank of Scotland’s (RBS) latest World Payments Report , which revealed that these transactions – defined as those not statistically reported under usual payment methods such as credit/debit cards, cheques, direct debits and money transfers – accounted for between 24.5

Payments 40

Payments Bitcoin Regulation Mobile 40

PYMNTS

AUGUST 3, 2016

company, it faced new compliance regulations, specifically OPEC sanctions. Instra measures the success of the partnership by the innovation and ideas spawned as a result of an effective tech team. Compliance. When the company was acquired by a U.K. Trading online, the company had to be sensitive to cross-border trading requirements.

Compliance 100

Compliance System Online Regulation 100

PYMNTS

DECEMBER 1, 2016

FinTech is gaining momentum in the city, with a 40 percent rise in card transactions being recognized since capital controls were imposed back in July 2015. But in recent years the country has faced its fair share of economic turmoil and political unrest, which has forced many to take their eyes off the tech innovation prize.

Fintech 100

Fintech Community Capital Innovation 100

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation. A decade of online payments innovation.

Online 98

Online Company Retail Payments 98

PYMNTS

JUNE 9, 2017

There is a ton of regulation.”. In corporate accounting, accounts payable and B2B payments, traditional FIs are slowing down innovation that could one day bring these areas up to speed with corporate payments, the executive explained. The firm provides payout capabilities in addition to invoicing and tax solutions.

Technology 109

Technology Fraud Capital Management 109

PYMNTS

OCTOBER 14, 2016

Although user access to the payments platform was not restricted officially, delays by financial regulators that seemed to have no intent in resolving issues meant that PayPal did not renew its financial license. Bitcoin Regulations. Bitcoin regulation, as Turkey is emphasizing, is a bane in bitcoin’s behind.

Bitcoin 100

Bitcoin Conference New Hampshire blockchain 100

Independent Banker

DECEMBER 31, 2021

Regulators haven’t yet broached the subject with them. Some of the lines that community banks plan to add include fraud and ID theft protection services, treasury management solutions, wealth management, property and casualty insurance, credit cards and specialized loan products. Addressing ESG is one thing,” she says.

Community Bank 144

Community Bank Community Lending Louisiana 144

Lars Markull

JUNE 30, 2020

Plaid built its $5bn data aggregation business on the back of these two technologies, while newer competitors like Tink and Teller have raised lots of money to innovate on reverse engineering of APIs. Having said that, enforcing open banking regulations can sometimes result in chaotic and unhappy market conditions.

Data 52

Data Regulation Mobile Security 52