PYMNTS

APRIL 4, 2018

In their place has risen a new system of exchanging funds that have made payments faster, more efficient, more secure and, above all, smarter. They often use APIs, include heightened security measures, are flexible and capable of finding the most appropriate payment rails, and use models that maximize the payment value.

Taxes 100

Taxes Report System blockchain 100

Accenture

MAY 30, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Loss rates increased slightly YoY, and issuer after-tax returns are strong for those that report. Key themes.

Cards 158

Cards US Taxes Apple 158

PYMNTS

NOVEMBER 23, 2018

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. With the new policies, changes include lowering the transaction limits on the sale of store-branded gift cards.

Fraud 156

Fraud Cards Retail New York 156

Accenture

AUGUST 20, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Despite ongoing rewards competition, card profitability remains strong. Retail Card, Payment Solutions, and CareCredit).

US 150

US Cards Capital Apple 150

PYMNTS

OCTOBER 17, 2018

A new report from the Federal Trade Commission (FTC) says that fraudsters are increasingly requesting to be paid with gift cards, with some even asking for certain brands such as Google Play and iTunes gift cards. Google Play cards were not reported in significant numbers until this year.

Cards 174

Cards Payments Fraud Google 174

PYMNTS

JULY 15, 2019

In Australia, a new report shows just how widespread internal fraud in the Commonwealth, aimed at government agencies, has become. This past week it was reported that, per an investigation by the Australian Institute of Criminology, such fraud amounted to $42 million over the past year. Grayson Jr., owner of Zealcon Corp.,

Fraud 109

Fraud Cards Taxes Payments 109

PYMNTS

MARCH 10, 2017

Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015. What’s Next In Tax Fraud. Cybercriminals aren’t always going to go after credit card information, because they don’t have to.

Taxes 144

Taxes Fraud Risk Management Data 144

PopularBank

APRIL 6, 2022

Tax season is quickly coming up — April 18 for most taxpayers (with an extension until October 15 if you need it). This means it’s also high season for scammers who may try to grab your personal information online to use not just at tax time, but at any time. Choose your tax preparer wisely. Be aware of phishing scams.

Taxes 52

Taxes Fraud Cards Online 52

FICO

MARCH 8, 2021

This year the Internal Revenue Service (IRS) will start accepting 2020 tax returns on February 12 , about two weeks later than usual. That’s positive news—because you definitely want to file your tax return as soon as possible, particularly if you’re claiming a refund. How do fraudsters commit tax refund fraud? File early.

Taxes 52

Taxes Fraud Security Cards 52

PYMNTS

JANUARY 3, 2021

T-Mobile has told some customers of a “security incident” in which a malicious party “may have impacted some of your T-Mobile account information.”. We also immediately reported this matter to federal law enforcement and are now in the process of notifying impacted customers.”.

Mobile 213

Mobile Data Taxes Security 213

PYMNTS

FEBRUARY 23, 2018

Citigroup disclosed in a filing with the Securities and Exchange Commission (SEC) on Friday (Feb. 23) that it uncovered “methodological issues” with how it calculates credit card interest rates and will offer “remediation” to those customers impacted by such calculations. billion, up from an earlier disclosure of $22 billion.

Cards 109

Cards United States Regulation Taxes 109

PYMNTS

NOVEMBER 20, 2018

With payment bigwigs like Visa , Mastercard and American Express pushing further into the B2B payments space, commercial card adoption is being driven by more than growth in the number of card products available. “It streamlines payments and ease of paying by card,” Weiss told PYMNTS in an interview.

Cards 118

Cards Fraud Taxes Data 118

PYMNTS

JANUARY 26, 2018

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride. Easy come, easy go, in crypto-driven enrichment.

Bitcoin 123

Bitcoin Taxes cryptocurrency Regulation 123

MyBankTracker

MAY 20, 2020

That is, it can feel like a windfall of cash – until, that is, you realize you need to report taxes on the interest earned. Still, while the tax part may not be loads of fun, it’s always nice to end up with some unexpected cash. Tax Implications. savings bonds – and taxes. Cashing in a U.S.

Taxes 52

Taxes How To Report Course 52

PYMNTS

FEBRUARY 3, 2020

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. .

Taxes 132

Taxes New York Fraud Report 132

PYMNTS

MAY 19, 2020

BlockFi suffered a “temporary data breach” on May 14 that exposed some customer information, the company reported in an incident report. In other news, the government of Iran is aiming to limit digital currency exchanges with so-called “currency smuggling” regulations, CoinDesk reported.

Data 212

Data Bitcoin cryptocurrency Taxes 212

PYMNTS

DECEMBER 27, 2019

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. . Uber was ordered to stop securing business in Colombia via its popular ride-hailing app. Trackers and Reports. Behind Sysco’s Spend Management Switch To Cards.

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

JANUARY 2, 2020

50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. . The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 The new regulation went into effect on Jan.

Cards 130

Cards blockchain Cyber Security Retail 130

PYMNTS

JUNE 13, 2019

The Drawbacks of Complex Security. Digital IDs can be protected with common protocols, such as two-factor authentication (2FA), frequent password changes and detailed security questions. AI Solutions for Balancing Security and Convenience. Blockchain-Based Security Methods. More than 4.5

Security 129

Security blockchain San Francisco United States 129

MyBankTracker

MARCH 24, 2021

The 2021 tax season is likely to stand out from previous years as many Americans might need their tax refunds more than ever. According to a recent MyBankTracker survey, Americans are most likely to put this year’s tax refunds into savings, which may not come as a surprise. percent) of a tax refund for the 2021 tax season.

Taxes 52

Taxes Survey Study United States 52

PYMNTS

NOVEMBER 13, 2020

But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. and Hong Kong.

Capital 229

Capital Cards Fintech Payments 229

PYMNTS

SEPTEMBER 13, 2017

While virtual cards (v-cards) can offer a secure and efficient way for businesses to pay travel suppliers, some industry players have highlighted a key pain point for the payment rail: For suppliers accepting v-cards , they still have to manually enter payment data. New reports on Tuesday (Sept.

Cards 100

Cards Taxes Mobile Payments 100

Abrigo

SEPTEMBER 20, 2023

Given the current economic climate in the United States, it is essential to understand the effect personal financial security has on 1 st -party fraud. Nearly  62% of fraud reported by financial institutions  is considered 1st-party fraud.  The transaction is effectively valid until the cardholder initiates a dispute.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

DECEMBER 17, 2020

Twenty-two percent of Americans have reported being targeted by pandemic-related fraud, for example, such as schemes involving fake personal protective equipment (PPE) merchants or fraudsters impersonating tax officials. Developments From The World Of Digital Fraud.

Fraud 255

Fraud Online Retail Examples 255

PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. One big reason, according to the report? Hackers obtained names, addresses and contact details for the customers.

Retail 218

Retail Online Cards Data 218

PYMNTS

MAY 19, 2020

The Security Service of Ukraine is reportedly holding a hacker for allegedly selling a database with 773 million email addresses and 21 million unique passwords, CoinDesk reported. Meanwhile, BlockFi suffered a “temporary data breach” on May 14 that exposed some customer information, the company reported in an incident report.

Bitcoin 148

Bitcoin cryptocurrency Taxes Security 148

PYMNTS

NOVEMBER 22, 2019

In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve the banking industry. Goldman CEO Denies Claims Of Apple Card Credit Biases. Solomon said, according to reports. Security Concerns Prompt Fed To Strengthen Big Tech Oversight.

South Dakota 101

South Dakota Apple Taxes Cards 101

PYMNTS

AUGUST 9, 2017

Green Dot Corp released earnings on Tuesday that topped analyst expectations, with 55 cents a share reported, versus estimates of 40 cents a share, as organic growth and card counts both showed momentum in the period. Streit also said the company has entered an agreement to acquire a small tuck in secured credit card portfolio. .

Cards 100

Cards Apple Taxes Millennials 100

PYMNTS

FEBRUARY 8, 2018

If death and taxes are sureties, insurance payments rank up there, as people insure homes and autos and apartments against any number of calamitous scenarios. We have your credit card on file. If you’d like to pay with the card ending in 1234, just respond PAY and the payment will go through.’

Taxes 101

Taxes Payments social media Policies 101

Chris Skinner

FEBRUARY 24, 2017

Things we’re reading today include … Lloyds profits surge but challenges remain New £1 ‘most secure coin in the world’ Royal Bank of Scotland reports ninth year of losses Brexit: Barclays ‘committed to London’ RSA steps out of turnaround programme as recovery from Irish financial scandal continues Ex-IMF chief Rodrigo (..)

Taxes 190

Taxes Fintech Security Cards 190

PYMNTS

JANUARY 24, 2019

A server running an Elasticsearch database contained sensitive data from as far back as 2008 that included loan and mortgage agreements, repayment schedules and other financial and tax documents. The database, which is believed to have been exposed for two weeks, was discovered by independent security researcher Bob Diachenko.

Taxes 155

Taxes New York Security Data 155

PYMNTS

AUGUST 11, 2020

No one will call to ask for your bank account, credit card or Social Security number, the FTC said. As in the first distribution of $1,200 checks in the spring, most people will get money direct deposited, or via a debit card or check will be mailed to the address where your taxes were filed.

Fraud 174

Fraud Taxes Survey Cards 174

PYMNTS

DECEMBER 17, 2020

The “stimulus” scams are already out there, reports NBC News. The IRS and a coalition of state tax agencies and tax industry officials are warning individuals that fraudulent text messages are circulating promising people a way to access their $1,200 direct deposit with a link to “complete the last step to finalize the transaction.”

Fraud 210

Fraud Taxes Washington Security 210

PYMNTS

JULY 22, 2019

Unfortunately, also adding heat this week was the world of fraudsters and hackers – with a few pretty sizable security blips and glitches. Regional banking force KeyCorp disclosed a massive fraud that could potentially cost as much as $90 million – according to reporting out of CNBC last week. Starting with.

Data 100

Data Security Fraud Indiana 100

PYMNTS

SEPTEMBER 14, 2018

Securities and Exchange Commission (SEC) claims that two high-frequency traders routed millions through Citi Match, while the firm allegedly told clients that they were not using the service, Financial Times reported. million accounts have been affected and $335 million is being refunded to consumers, it was reported at the time.

United States 134

United States Taxes Regulation Cards 134

PYMNTS

NOVEMBER 14, 2018

Reports in Business Insider said Square hopes to streamline SMBs’ employee benefits management by adding health insurance and retirement savings solutions into its payroll service, features that could reduce the tax burden on small firms.

Taxes 128

Taxes Guidelines Conference Survey 128

PYMNTS

JANUARY 22, 2020

Fifty-one percent of United States consumers stated in the most recent PYMNTS Disbursements Satisfaction Report that they would prefer to receive tax refunds, child support payments and other government payments through instant payout methods. About the Report. government departments.

Idaho 130

Idaho Illinois Innovation Tennessee 130