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

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

FEBRUARY 23, 2017

That day is when the IRS hands out tax refund checks from the previous year’s tax filing. In years past, this money was typically spent on things like paying off credit cards, buying new clothes or taking a trip somewhere exotic. Not this year. percent plan to pay down debt. Here’s the breakdown: Everyday expenses.

Taxes 100

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PYMNTS

MAY 22, 2019

Wirecard, the global digital financial technology company, announced on Wednesday (May 22) that it has partnered with India’s government-owned UTI Infrastructure Technology and Services Limited (UTIITSL) to facilitate the issuing of physical and digital taxpayer identification cards. The cards can also be used as proof of identity.

Cards 122

Cards Taxes Fraud Technology 122

PYMNTS

DECEMBER 17, 2020

Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. 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.

Fraud 255

Fraud Online Retail Examples 255

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. billion raised.

Bitcoin 123

Bitcoin Taxes cryptocurrency Regulation 123

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. Behind Sysco’s Spend Management Switch To Cards. 12 Ways Consumers Will Pay (And Be Paid) In 2020.

Taxes 101

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PYMNTS

FEBRUARY 26, 2020

Software developer and Ukrainian native Volodymyr Kvashuk, 25, from Renton, Washington, worked for Microsoft from 2016 to 2018, and was tasked with testing Microsoft’s online retail sales platform. He took advantage of that access to steal currency stored value (CSV) such as digital gift cards that he then resold on the internet. .

Fraud 207

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MyBankTracker

AUGUST 11, 2020

Acima is a financing solution if you’re looking to buy appliances, mattresses, car tires, and other retail purchases. This lease-purchase option (or rental purchase) is an alternative to using a credit card or getting a personal loan. Depending on where you live, you’re also required to pay sales tax on each rental payment.

Retail 52

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PYMNTS

FEBRUARY 16, 2018

PepsiCo turned some heads with its quarterly earnings call announcement that it would take some of its tax reform windfall and reinvest it in improving the firm’s eCommerce efforts. And the numbers in this regard don’t lie: Physical retail is growing at a rate of about 3.6 According to PepsiCo CEO Indra K.

Retail 124

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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. savings bonds that were issued on paper or electronically, and how to report it on your taxes.

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PYMNTS

AUGUST 12, 2019

million in sales taxes. Its credit card processor is also withholding customer billings. The team was made up of avid pop culture denizens who aimed to stay on top of trends and ahead of any retail experience, constantly polling their customer base to determine what to look out for.

Los Angeles 109

Los Angeles Company Delaware Taxes 109

PYMNTS

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. Simmons was ordered to pay $15,000.

Taxes 134

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PYMNTS

DECEMBER 9, 2019

Carrying enough cash to cover those many needs is often a security risk, though, and drivers who lack the appropriate spending tools could see their delivery schedules veer off track if they have to search for specific retailers that will accept their payment methods. Anderson’s most frequent costs relate to food, fuel and parking.

Cards 163

Cards Tools Operations Payments 163

PYMNTS

NOVEMBER 22, 2017

Account takeover fraud , card-not-present (CNP) fraud, tax fraud, selling stolen financials, selling fake bank accounts, the Dark Web: If security experts are fighting it today, chances are that Brett Johnson was there when it started. He would buy a system at Best Buy for $99, reprogram the card inside and resell it for $500.

Fraud 120

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PYMNTS

MAY 4, 2017

Among the core reasons for this: The perception that the use of cash was more secure. Webster circled to Cardtronics’ partnerships with FIs such as Citibank and with retailers such as Target and Kroger to glean insight into how retailers are seeing a pickup in traffic amid ATM usage. Cash as a Budgeting Tool. do not accept cash.

ATM 192

ATM Millennials United States Study 192

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. Instant payments are lauded for their convenience, ease and most importantly, for their speed.

Idaho 130

Idaho Illinois Innovation Tennessee 130

PYMNTS

APRIL 27, 2016

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. adults still prefer to use cash for purchases under $5, while 22 percent use debit cards and 11 percent use credit cards.

Taxes 100

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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. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Virtual card issuance.

Online 98

Online Company Retail Payments 98

Bobsguide

SEPTEMBER 5, 2022

Italian retail bank, Banca Carige, for example, has ‘digital branches’ that allow customers to conduct basic banking activities independently through remote workstations. This means they can make payments, such as pay a utility bill or tax, using these workstations. Another factor to consider is enhancing security.

Video 97

Video Digital Strategies Digital Banking Security 97

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. This year in the US, JP Morgan launched mobile banking app Finn and Goldman Sachs’ retail banking arm Marcus crossed 1.5M Incumbents Play Catch-Up.

Retail 78

Retail Cards Millennials Mobile 78

Jeff For Banks

AUGUST 22, 2014

My firm measures line of business and product profitability for dozens of community financial institutions, and hardly any of them make real money in retail investment sales, if they make any money at all. The most profitable program that we measure, on a pre-tax profit as percent of revenue basis, is one that is totally outsourced.

Retail 86

Retail Tools Management Taxes 86

PYMNTS

NOVEMBER 19, 2018

There isn’t much we can do to help you get a head start on eating, nor is there any way we can compete with the nation’s many retailers in terms of helping you get a jump on the shopping. Chase and Getting Consumers Thankful for Contactless Cards. Chase is the largest card issuer in the U.S., SMB Payments Power-Ups.

Data 122

Data Cards Taxes Payments 122

PYMNTS

NOVEMBER 4, 2019

Invoice and purchase order manipulation, company credit card abuse and fraudulent use of company checks all surface as cautionary tales for corporates’ internal financial processes. The scam reportedly allowed the former executive to use Coca-Cola money to pay for personal purchases like gift cards and luxury goods.

Fraud 101

Fraud Pennsylvania Data Cards 101

Bobsguide

JUNE 3, 2022

Each of the new smart branches is equipped with intelligent technologies that allow customers to access all the bank’s services in self-service mode or to interact in specific areas with the bank’s consultants via video assistance in a secure way.

Video 78

Video Customer Experience Operations Digital Banking 78

Tomorrow's Transactions

OCTOBER 5, 2016

The use of cash has fallen more than 50% in the last four years and is projected to continue to fall as consumers look for faster and secure means of paying options. But obstacles are present even when making smaller purchases such as groceries (where cash-only lines are the longest) or when paying for parking – impossible without a card.

Fraud 54

Fraud Cards America US 54

FICO

JUNE 1, 2023

Census Bureau reports advanced estimates that retail sales were down 1.2% Trends in the macro environment are seen throughout the credit card industry Rising prices, increases in the cost of securing and carrying debt, and the fear of higher unemployment rates are trickling through to consumer behavior on credit cards.

Trends 52

Trends Industry US Cards 52

Independent Banker

JULY 30, 2015

In Texas, data security, debit card surcharges and compensation for records searches become legislative issues. Some of the most pressing issues this year involved data security breaches, patent trolls, debit card surcharges and reimbursements for litigation records search requests. Data security breaches.

Data 70

Data Texas Community Bank Taxes 70

BankBazaar

JUNE 18, 2020

If your tax slab is 30%, your FD returns will be taxed to that extent, unless you’re a senior citizen eligible for certain income tax bene?ts after income tax and that is your e?ective ective post-tax return (refer to Table 2). higher per annum post tax than ?xed ts on this front.

Management 78

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Gonzobanker

AUGUST 17, 2022

Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt. First, there was the drama leading up to the breakup with the rich hottie. Thankfully, there was still a smartphone and social media to commiserate.

Fintech 184

Fintech Lending Software Compliance 184

PYMNTS

APRIL 19, 2019

As noted in this space this past week, SCA has goals that are laudable by any measure, as the SCA requirement seeks to reduce fraud and make online card-not-present (CNP) transactions more secure. Card giant Mastercard has estimated that just 25 percent of those in Europe are actually fully aware of SCA. Retail Sales: Rally 1.6

social media 125

social media Online Regulation Taxes 125

PYMNTS

JULY 27, 2018

But it wasn’t the only – or even the largest – B2B startup to secure funding. Cross-border B2B payments company Flywire secured $100 million in funding this week, led by Temasek, while existing backers Bain Capital Ventures and F-Prime Capital Partners also participated. space: security, orchestration, automation and response.

Payments 101

Payments Capital Security Management 101

PYMNTS

SEPTEMBER 27, 2017

Despite the misleading “secure” designator “https,” Darrin Edelman, Token of Trust CEO, says this is a fake. If a site is demanding a Social Security number to process a donation payment, experts agreed: it’s definitely a scam! Think before you click,” says Steve Durbin, managing director of the London-based Information Security Forum.

social media 130

social media Security Taxes Operations 130

FirstInternet

JANUARY 10, 2020

Although most people find it easy to pay bills, have credit cards and put a little away in savings, developing a full-fledged financial plan may be more difficult to start. In February, love is in the air – but so is your upcoming tax return, making it the perfect time to get organized. Expecting a tax refund?

Taxes 66

Taxes Policies Management Video 66

PYMNTS

OCTOBER 8, 2019

When considering the financial services (FinServ) challenges of the legal cannabis sector, the biggest point of friction that almost always comes to mind first is the point of sale (POS): enabling marijuana businesses to accept electronic payments from their retail customers. A Shifting Regulatory Landscape.

Compliance 114

Compliance Guidelines Industry Taxes 114

PYMNTS

FEBRUARY 7, 2020

They set up creator pages and add a slew of illegitimate patrons, who then pay the false creator with stolen credit card data. Patreon implements additional security measures at the point of payout, requesting more stringent proof of identity before releasing creators’ incomes.

San Francisco 141

San Francisco Video Taxes Software 141

PYMNTS

APRIL 1, 2019

These people are often hourly workers in service-based industries like hospitality, caregiving, nursing, retail, senior and assisted living, casual dining or other food services, Lee explained. . Users can also request that their funds be sent to payroll or prepaid cards. . Many in the U.S.

ATM 109

ATM Taxes Payments Millennials 109