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TurboTax Bid For Credit Karma Triggers Antitrust Worries

PYMNTS

The FinTech startup offers free credit scores, credit card applications, loans and savings accounts. As the leader in DIY taxes, TurboTax has been dealing with escalating competition from Credit Karma, which is now a leading financial app among younger customers. Credit Karma started offering a free tax filing service in 2017.

Taxes 130
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How Prepaid Cards Played A Role In El Chapo’s Global Drug Operation

PYMNTS

Prepaid debit cards are playing an important role. Mexico border (sophisticated tunnels, modified trains and rail spurs, even jalapeño cans designed to fool border inspectors), and whose main distribution points were Lost Angeles, Chicago and New York City. Too Much Cash. That’s a massive amount of money to handle.

Cards 147
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Ahead Of Primaries, It’s Taxes And Some Shrugs In NY

PYMNTS

The next president will have to grapple with far weightier tasks, among them sustaining job growth where it has been flowering and planting the seeds where the labor market has been barren. Breaking down growth by component, the overall, nationwide Index as tabulated by our research, grew faster than New York — much faster, at 3.7

Taxes 100
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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. . Trackers and Reports.

Taxes 101
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Xero Partners With Square For Faster B2B Payments

PYMNTS

Customers can then pay invoices immediately with a credit or debit card. Xero also summarizes point-of-sale Square sales, including tips, surcharges and taxes. The company is listed on the New York Stock Exchange. This integration is intended to make it easier for SMBs to track sales and simplify reconciliation.

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Uber Price Spike Revealed In Chicago

PYMNTS

Although the Chicago data doesn’t separate rides by company, estimates by Second Measure , which tracks credit card expenditures, show that Uber commands about 72 percent of Chicago’s ride-hailing market. Lyft told the news outlet that since Uber controls the majority of the Chicago market, the data is a reflection of Uber’s strategy.

Chicago 141
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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.