PYMNTS

FEBRUARY 26, 2019

to allow businesses to pay their corporate taxes in bitcoin. In an interview with CNBC at the time, Ohio’s then-State Treasurer Josh Mandel said the initiative would increase “options and ease” for businesses, and support the local tech startup community.

Taxes 145

Taxes Ohio cryptocurrency Payments 145

PYMNTS

NOVEMBER 6, 2018

Today’s coverage includes the latest European push to tax such companies as Google, Apple, Facebook and Amazon. France’s Finance Minister Wants EU-Wide Digital Tax By Year End. The new tax would apply to Google, Apple, Facebook and Amazon so that they are paying what the government sees as a fairer tax rate in the region.

Taxes 108

Taxes New York City Dallas Virginia 108

PYMNTS

MARCH 18, 2020

For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. “For For retailers, this is now about near-term survival.”.

Retail 161

Retail Groups New York City New Jersey 161

Perficient

DECEMBER 1, 2022

Tax season was approaching, and Jane, a Financial Advisor employed by Faux Advisors Group, wanted to target clients and prospects that would benefit from using tax-aware asset allocation (moving high-yield assets to a tax-deferred or exempt account to help decrease taxable income).

Taxes 294

Taxes Customer Experience Marketing Compliance 294

PYMNTS

AUGUST 18, 2019

The UK’s Labour party wants to allow local authorities to take over vacant properties in an effort to give the country’s retail market a boost. An estimated 29,000 retail units have been vacant for 12 months. This is just one of the party’s plans to revitalize the country’s retail sector.

Retail 109

Retail ATM Taxes Policies 109

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. But that might not be the best move for your financial institution or your community. I'm not saying go out and make every retail loan that you can get your hands on,” he said.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

FEBRUARY 4, 2020

Staples is thinking outside the box with a new store format that highlights podcasting, community events and coworking spaces. Retail, said per the announcement, “We recognize that the way people shop is changing, and with the launch of Staples Connect, we are adapting to fit the needs of our customers.” Mike Motz, CEO of Staples U.S.

Puerto Rico 151

Puerto Rico Virgin Islands Massachusetts Boston 151

PYMNTS

SEPTEMBER 29, 2020

The spikes were especially concentrated in the south Brooklyn and Queens neighborhoods with large Orthodox Jewish communities observing Yom Kippur. Theatergoers' absence is having ripple effects on the rest of the economy — without them traveling to come to the city, restaurants and retailers are seeing less revenue, too.

New York 224

New York New York City Taxes Community 224

PYMNTS

MAY 12, 2020

Simon Property Group, the biggest mall retailer in the U.S., Simon told analysts that he thought it was time to help the local communities by reopening, “because frankly they depend on our sales taxes,” he said, according to CNBC. The change comes as many states are beginning to reopen some of their functions.

Retail 136

Retail Groups Taxes Survey 136

PYMNTS

JANUARY 18, 2021

At the same time, sales tax receipts in the downtown’s retail, hotel and business districts fell more than 70 percent in the second quarter last year compared with the same period in 2019, Bloomberg reported. Unlike many communities, San Francisco has not seen an increase in online sales tax.

San Francisco 141

San Francisco Taxes New York California 141

Independent Banker

NOVEMBER 30, 2021

Here’s another conversation with our consummate community banker. Hi Jim, this is Charlie Brown with Community Trust Bank. How are things at the community bank?”. “I I know most tax accountants preach that we should sell bonds at a loss instead of gains, because that speeds up the income tax liability.

Community 126

Community Community Bank Taxes Security 126

PYMNTS

DECEMBER 12, 2017

Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. Smith used drugs for the past decade before starting her recovery journey at Gateway Community Services in Jacksonville, Florida. “As

Retail 105

Retail Fraud Cards Florida 105

ABA Community Banking

APRIL 15, 2019

Many people treat tax returns almost like a bonus: as “extra” money Retail Banking Risk Management Payments Feature3 Survival Strategies Financial Research Feature Financial Trends The Economy.

Taxes 49

Taxes Risk Management Trends Strategy 49

Jeff For Banks

JULY 6, 2013

The employee can save all of the needed savings tax deferred. controlling) they should do is enforce laws against the charlatans that plague the investment community. Here is where I think community banks, banded together through associations such as the ABA or ICBA, can play a critical role in solving our problem.

Community Bank 107

Community Bank Community National Iowa 107

PYMNTS

SEPTEMBER 3, 2020

The feature can be used to adjust any change in the tax rate charged on food and non-alcoholic beverages. The remote payments app allows merchants to charge customers by sending a payment link via SMS, Whatsapp, email or social media. After that merchants will be charged £29 pounds ($38.52) per month per iOS device.

social media 298

social media Taxes Payments Online 298

Independent Banker

OCTOBER 31, 2022

This isn’t any idle talk among Fed watchers and other pundits this time around, nor is it peripheral to the management of financial institutions, including community banks. So we will devote the rest of this column to discussing why curves invert and where value may appear in the various investment sectors that matter to community banks.

Community Bank 113

Community Bank Community Taxes Management 113

PYMNTS

JULY 30, 2020

GAAP results included a pre-tax charge of $112 million, equivalent to $0.10 In the prior-year period, GAAP results included a pre-tax charge for transformation costs of $21 million, equivalent to $0.02 Adjusted diluted earnings were $2.13 per share, an 8.7 percent increase from the same period last year. . per share. . .

Atlanta 141

Atlanta Taxes Operations Community 141

PYMNTS

MAY 12, 2020

A survey by the National Community Pharmacists Association last fall found the number of independent pharmacies fell by nearly 20 percent to 18,478 stores last year, down from 23,029 in 2012. The closures represent a loss of nearly $17 billion in annual revenue, 15,000 jobs and millions in tax revenue.

Survey 200

Survey California Taxes Online 200

PopularBank

OCTOBER 28, 2020

Popular is committed to meeting the needs of our customers and communities, guided by our 127-year legacy. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc. The expenses include a pre-tax charge of approximately $2.4

Puerto Rico 52

Puerto Rico New York Metro Community 52

PYMNTS

JUNE 22, 2020

On the optimistic side Elliot Nassim , president of Mason Asset Management, which co-owns the University Mall in Carbondale, Illinois, says: “We have always felt that the retail industry is evolving, despite what doomsday headlines would have you believe. Once seen as the least risky tenant of all, they are now the greatest question mark.

NJ 132

NJ New Jersey Illinois Retail 132

ABA Community Banking

OCTOBER 1, 2019

Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors. The post Survey Finds Cost of Funds Top of Mind for Community Bankers appeared first on ABA Banking Journal.

Survey 49

Survey Community FDIC Community Bank 49

South State Correspondent

DECEMBER 6, 2022

However, in the last 25 years, we have yet to see a community bank perform sensitivity analysis on inflation rates – for obvious reasons. Further, our tax system penalizes free cash flow generation when inflation is high because of the nature of fixed asset depreciation. History Lesson.

Analysis 195

Analysis Taxes US Management 195

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 87

Retail Tools Management Taxes 87

PYMNTS

MAY 21, 2018

Magento brings digital commerce enablement and order orchestration to the Adobe Experience Cloud for both physical and digital goods across a range of industries, from consumer-packaged goods (CPG) to retail and manufacturing. Currently, Magento counts brands such as Canon, Helly Hansen, Paul Smith and Rosetta Stone as customers.

Community 114

Community Taxes Branding Groups 114

PYMNTS

MAY 8, 2020

We also believe that this crisis will likely accelerate the trend of bank branch transformation as several leading retail banks have already closed significant portions of their branch locations, and it is unclear how many of these will reopen when the pandemic has passed.” . Cardtronics reported GAAP net income of $5.8 million, or $0.13

ATM 131

ATM NJ Houston Operations 131

PYMNTS

JANUARY 21, 2019

CEO Tina Sharkey believes that while consumers certainly want high-quality goods, they are tired of paying what she calls the “brand tax” for access to them. That tax, she noted , encompasses marketing, retailer margins and other expenses that can typically push up prices on brand-name beauty products by as much as 30 percent.

Branding 152

Branding Taxes Retail Marketing 152

PYMNTS

SEPTEMBER 12, 2018

“When you combine a strong economy, healthy retail demand and the willingness of small business owners to reinvest their savings from tax cuts, it creates a positive atmosphere for small business lending ,” said Rohit Arora, Biz2Credit CEO, in a statement. Business owners are bullish on the economy.”.

Lending 102

Lending Community Bank Taxes Community 102

PYMNTS

MARCH 11, 2016

Which retail store do you live closer to — Target or Walmart? Fortune shares that a new report from online real estate company RealtyTrac analyzed the value (including appreciation and property taxes) of homes located in U.S. The answer could affect the worth of your home.

Study 100

Study Taxes Community National 100

PYMNTS

OCTOBER 17, 2018

A few weeks before the CCC issued its final licenses, GFA Federal Credit Union of Gardner, Massachusetts, announced it would be willing to work with legalized marijuana businesses, extending financial services to the industry and providing marijuana retailers with the same financial benefits used by traditional businesses.

Colorado 126

Colorado Massachusetts US Industry 126

PYMNTS

MAY 8, 2020

The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. She believes lockdown orders created a loophole that allowed large chains that offer essential retail to continue selling non-essential goods like toys and electronics. There is no shortage of other larger scale ideas.

Maine 142

Maine Groups San Francisco Lending 142

Independent Banker

JANUARY 31, 2022

Here’s how four community banks are thriving in this environment. Corporate relocations and expansions—influenced by factors like affordability, low corporate tax rates, no personal income tax and a rich talent pool—have contributed to a momentum that isn’t likely to subside soon. Photo by Dennis Burnett. By Mindy Charski.

Texas 182

Texas San Antonio Community Bank Community 182

South State Correspondent

MARCH 28, 2024

The various programs are wide ranging, complicated, and impactful which is why now is an excellent inflection point to provide financial advisory to both your retail and commercial customers. By taking a leadership role, banks can assist customers and their communities and generate loans, deposits, and fees in the process.

America 195

America Strategy Taxes Community 195

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. The dark web communities allow people to network.”. In fact, chances are that he helped create it.

Fraud 120

Fraud Taxes Community Cards 120

Independent Banker

JUNE 30, 2022

But there are ways community banks can help mortgage-seekers get on the property ladder. Burmis, senior vice president and retail lending manager at $450 million-asset Chelsea State Bank in Chelsea, Mich. So how can community banks help? By Beth Mattson-Teig. Plenty of tools in the box. Flexibility needed.

Community Bank 143

Community Bank Community Millennials Resources 143

PYMNTS

DECEMBER 28, 2018

Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community. ” The Small Business Banking Impact. ” Final Thoughts For The New Year. ” .

Compliance 186

Compliance Regulation blockchain Taxes 186

Independent Banker

OCTOBER 31, 2021

Community bankers tell us why. In early 2021, the $490 million-asset community bank launched its Finastra Consumerbot product, which offers online applications for consumer loans for items like boats and vehicles. Community bankers are increasingly recognizing that the future of digital lending is here. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

PYMNTS

MAY 4, 2020

In Malaysia, a reader submission for The Malaysian Insight says the nation’s rallying cry, “Kita jaga kita,” should apply to the business community supporting its small business members though consistent supplier payments. In the U.S., who worked at companies of varying sizes … We learned that in the U.S.

Payments 161

Payments Chicago National Data 161