PYMNTS

DECEMBER 13, 2019

In commerce, when it comes to taxes, new business models beget new (tax) problems. Against that backdrop, tax collection in the nascent restaurant delivery space remains fragmented at best — and confusing at worst. But in many cases, these firms may not be collecting sales taxes at all. billion received in 2017.

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PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. At the same time, commercial credit cards’ cash advances dropped 14 percent last year. The government plans to spend 4.75

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PYMNTS

AUGUST 26, 2019

Thailand hopes to annually collect 3 billion to 4 billion baht ($98 million to $131 million) by introducing a tax on tech businesses, Reuters reported on Monday (Aug. If approved by Parliament, Thailand will institute a value-added-tax starting next year on electronic businesses, leveraging the eCommerce boom in the country.

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PYMNTS

AUGUST 24, 2018

Electronic payments company ACI Worldwide is integrating its technologies with SPAN Enterprises , a tax filing technology provider, to power tax payments for the fleet industry. A press release issued Thursday (Aug. A press release issued Thursday (Aug.

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PYMNTS

MAY 21, 2018

Credit Card’s Profit Squeeze. Credit card companies, faced with an increase in costs associated with rewards and rising loan losses, have seen their profitability dip of late. The balances on credit cards have grown at a fast pace — up 7 percent year over year in the early part of 2017. the CEO said.

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PYMNTS

OCTOBER 1, 2019

Japan has introduced a system of cash-back rewards points in response to increasing the consumption tax from 8 percent to 10 percent. The new system — which rebates the tax increase in some stores when paying with a card rather than cash — will run until June 2020. While there were some system problems reported on Tuesday (Oct.

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PYMNTS

JULY 13, 2020

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. They falsely claimed to have a Harvard-educated CEO backing them.

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PYMNTS

JANUARY 5, 2018

Credit Karma Tax announced on Thursday (Jan. citizens who file their tax returns through Credit Karma Tax to get a $500 to $1,000 advance on their tax refund with no fees or interest. The clients can get access to the funds as quickly as 24 hours after the IRS accepts the tax return.

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PYMNTS

DECEMBER 7, 2020

Digital B2B payments innovations as diverse as machine learning (ML) automation, cloud-based enterprise resource planning (ERP) systems and virtual cards are gaining unprecedented traction as businesses move to build sustainable B2B payments operations outside of th e office. RLJ Financial On Managing B2B Spend With Virtual Cards.

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PYMNTS

SEPTEMBER 15, 2020

Hotels.com has launched a credit card to help users access rewards, according to CNBC. The card is backed by Visa and issued by Wells Fargo. With the new credit card, users can access an additional reward or “stamp” every time they spend $500. The card will come with other benefits. that non-users are subject to.

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PYMNTS

OCTOBER 11, 2019

But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes. When [eCommerce companies] can’t get through the language barrier, the outcome is large-scale tax evasion, whether through ignorance, or whether through deliberate actions across the world.”.

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PYMNTS

NOVEMBER 5, 2019

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments.

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PYMNTS

SEPTEMBER 27, 2019

Countries around the globe are launching new digital sales taxes in efforts to improve their revenue streams and create more balanced business environments for domestic brick-and-mortars and foreign eCommerce marketplaces. Around the Next-Gen Sales Tax world. in response, threatened a variety of retaliatory taxes.

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Abrigo

OCTOBER 28, 2015

Likewise, accountants each year experience a tax season that requires detailed planning and precise execution. One way to organize those efforts as tax season approaches is to think of your planning in terms of three general areas: capacity, communication and conclusion.

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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.

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PYMNTS

MARCH 16, 2020

Payhawk , which makes next-generation paperless company cards, closed a 3-million-euro ($3.35 The system has machinations for putting funds into employee credit cards, dealing with invoice payment or collection, and working out transactions via the company software and generating the corresponding reports.

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PYMNTS

DECEMBER 21, 2020

Consumers around the world have become intimately familiar with the “card-not-present” method of payment. Now businesses in Asia have an option to embrace “card not needed” as the pandemic continues to accelerate business models. That option, which extends to commercial cards , is being presented by Singapore-based CardUp.

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BankBazaar

MAY 30, 2023

Don’t leave without knowing the new TCS rule applicable on Credit Cards, forex cards, debit card transactions, and currency purchases. There is some unfortunate news for travellers who use international Credit Cards while abroad. The only exception was Credit Cards. attracted a TCS.

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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.

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PYMNTS

FEBRUARY 18, 2020

In today’s top news, Alibaba has made almost $3 billion in loans available for companies hurt by the coronavirus, and Japan’s recent sales tax triggers fears of a recession. Japanese Sales Tax Triggers 6 Pct Economic Contraction. Also, HSBC cuts 35,000 jobs and $100 billion in assets in a streamlining and restructuring effort.

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PopularBank

MARCH 29, 2022

Last month, we talked about how to prepare for tax season. If you’re one of the 16 million workers who identify as self-employed , here are our tax deduction tips for small businesses to help you navigate ?ling If you worked from home in 2021 don’t miss these potential tax deduction tips. Drive tax deductions with your vehicle.

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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. New partnerships.

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PYMNTS

NOVEMBER 23, 2018

To counter fraud as the holiday season approaches, Best Buy , Target and Walmart made changes to their gift card programs. With the new policies, changes include lowering the transaction limits on the sale of store-branded gift cards. The moves were announced by the attorneys general of Pennsylvania and New York, Reuters reported.

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BankBazaar

FEBRUARY 3, 2024

By understanding and addressing key factors like C redit S cores, income stability, debt management, and card selection , you can significantly boost your chances of C redit C ard approval. However, not everyone finds it easy to secure a Credit Card , especially if they are unaware of the factors that influence approval decisions.

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PYMNTS

MAY 9, 2018

Direct deposits, new products and tax refunds helped Green Dot beat revenue expectations for the first quarter of 2018. A “material contributor” to growth in the first quarter included the new branded prepaid card for TurboTax customers, CEO Steve Streit said on the post-earnings conference call Wednesday. The company processed 8.75

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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.

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PYMNTS

MAY 10, 2017

posted results Tuesday night that blew past Street estimates, boosted by strength in its card and tax refund-focused business lines. Those tax refund recipients in turn were able to get cash advances, said the executive, all evidence of what Green Dot has termed a synergistic approach to its business. Green Dot Corp.

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Payments Source

MARCH 27, 2016

Fallout from widespread data breaches hurts many payment industry sectors, but this year's tax-filing season brings fresh pain for the prepaid card industry, with new details out connecting prepaid cards with some of last year's biggest tax refund fraud busts.

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PYMNTS

NOVEMBER 5, 2020

Square posted third-quarter results that showed continued tailwinds in card not present transactions, a continued shift to larger seller contributions to gross payment volumes (GPV) and increasing embrace of Cash App. Square Card And Card Not Present . Total net revenues of $3 billion were up from $1.9 stimulus funds.”.

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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.

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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).

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BankBazaar

JULY 11, 2020

We’re already in the second quarter of the financial year and you should ideally be done with tax planning for the year. Most people think that they have limited means of saving tax. Here’s a list of lesser-known tax deductions that most people aren’t aware of. Tax Deduction For Disabilities. You’re very welcome!

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Payments Dive

APRIL 5, 2022

Chicago and California propose giving prepaid gas cards to eligible residents and assistance to public transit users. State and federal efforts to suspend gas taxes face criticism for potential economic and environmental impacts.

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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.

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PYMNTS

DECEMBER 9, 2020

This has accelerated the need for spend management solutions and payment tools that enable businesses to review and approve transactions in real time, Caleb Jenkins , leader of client accounting services for tax and accounting firm RLJ Financial , said in a PYMNTS interview. Bringing Virtual Cards To A Virtual B2B World.

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PYMNTS

JULY 15, 2019

That fraud spans, among other methods, misuse of government credit cards and procurement payments, reported itnews.com. And when it comes to external fraud, 95 percent of external fraud can be traced to “one large entity” focused on payment card fraud. intentionally caused” the United States a tax loss of more than $1 million.

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PYMNTS

NOVEMBER 30, 2020

Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach. Virtual Card Payment Trends. Merchants’ efforts to please shoppers have ushered in a wave of virtual card activity in recent months, Knutson said.

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