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Major Retailers Brace For Gift Card Fraud

PYMNTS

To counter fraud as the holiday season approaches, Best Buy , Target and Walmart made changes to their gift card programs. The moves were announced by the attorneys general of Pennsylvania and New York, Reuters reported. They also come amid an initiative to take on fraudsters that has run for a year. “By

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Uber Adds Pre-Tax Commuter Benefits Option

PYMNTS

But once the employer opts into the program through a participating benefit provider, the employee is able to add a commuter benefits debit card to their Uber account. At the end of the past summer, Uber announced the initial program that allowed employees to upload their commuter benefits debit card to pay for uberPOOL rides.

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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.

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India Topples B2B Invoice Scam

PYMNTS

Daya Shankar Kushwaha was arrested by tax officers in New Delhi for allegedly using fake invoices worth over Rs 1,200 crore to get tax benefits, according to reports on Monday (Feb. Kushwaha reportedly used fraudulent Input Tax Credit (ITC) of Rs 124 crore. .

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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.

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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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On Demand Pay Finds A Home In Financial Services

PYMNTS

It’s well known that individuals must pay bank and auto loans, utility and credit card payments in a timely manner or risk facing penalties. The tax situation can also improve for individuals and their employers alike as workers move to leafier, suburban locales. Yet, in neighboring Connecticut, the top income tax rate is 7 percent.

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