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Gift Cards A Taxing Problem? Not Necessarily Says Tango Card CCO

PYMNTS

Other than small things like a pen or providing staff with free coffee, anything given to employees that has a clear cash value attached to it is considered taxable by the IRS, said Nat Salvione , chief commercial officer of Tango Card. However, he added, the tax implications should not exceed the cost and purpose of the present. “We

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UBS Appoints New Head Of EU Operations

PYMNTS

Swiss Bank UBS has announced that it has hired a new CEO of European Union operations, according to a report by Reuters. . The hiring of Novakovic will make her one of the most powerful bankers in Germany, where less than 10 percent of top finance management positions are held by women. Novakovic will start in the new position on Sep.

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Why Sysco Turned The Page On Manual Expense Management

PYMNTS

Manual expense management tools had their time in the spotlight, largely because they were the only options available for employee reimbursements and cash flows. Today’s corporations are happy to bid goodbye to these time-consuming, paper-based processes and turn to online, automated expense tracking products for their spend management needs.

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Student Loan Repayment Challenges

Perficient

While the temporary pause was beneficial, it left numerous individuals still grappling with the task of managing their additional financial obligations. Rising Credit Card Debt and Interest Rate Impact Since early 2022, the Federal Reserve has raised interest rates 11 times , impacting both student loans and credit cards.

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US Justice Department Sues Visa To Block Its Planned $5.3B Plaid Acquisition

PYMNTS

Visa seeks to buy Plaid — as its CEO said — as an ‘insurance policy’ to neutralize a ‘threat to our important US debit business,’” the Justice Department said in its lawsuit, filed in San Francisco federal court. Department of Justice sued Visa on Thursday (Nov. 5) to block its planned $5.3

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US Bank, Mansfield Energy Partner On Consolidating Fleet Card Spend

PYMNTS

Bank to launch a mobile fueling program in an effort to help fleet managers save on refueling costs. Bank noted that fleet managers are often facing extra costs in driver labor when they pay to have their drivers to drive off-route to refuel at a retail fuel gas station. Bank ‘s Voyager fleet card tool.

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Virtualized B2B Payments: Poised To Kill The Paper Check — And The Plastic Card

PYMNTS

For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. Those pain points center around cash flow, manual processes (where employees match invoice and payment data), and the management of suppliers. Onboarding , for example, can take weeks.”

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