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Fintech Deals to Watch: Fall Festivities

Gonzobanker

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Alkami partnered with Clinc for conversational AI, Atomic for direct deposit switching and FINBOA for payment dispute management. Personal loan and credit card provider Avant secured funding from Ares Management Corporation.

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A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws

PYMNTS

This month’s Next-Gen Sales Tax Tracker examines these compliance complexities and their impact, as well as ongoing efforts to streamline how retailers can fulfill their obligations. Easing tax compliance helps governments and retailers alike. Deep Dive : Holiday Gift Baskets, Software Bundles And A New Arena Of Tax Compliance.

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Remote Seller Taxation: A Job For Tax Automation

PYMNTS

The new jumble of state-level and municipal taxation has further obscured already confusing Internet sales tax compliance. Similarly, Illinois is eying close to $400 million in new annual sales tax revenue on ecommerce items shipped into the state. There is too much risk to not use a dynamic tool to better manage all this complexity.”.

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FTC announces $10 million settlement with auto dealerships for alleged unlawful add-on charges and discriminatory conduct

CFPB Monitor

The stipulated order requires the dealerships to pay $9,950,000 to the FTC to provide monetary relief to consumers, and $50,000 to the Illinois Attorney General Court Ordered and Voluntary Compliance Payment Projects Fund.

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Motus On Mapping Mileage Reimbursement

PYMNTS

For where there are reimbursement considerations, compliance issues are close at hand. There are a number of moving parts that should spur business owners to consider how and why they account for costs and reimburse drivers, with implications for both the bottom line and compliance activities. Compliance Concerns.

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When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase

PYMNTS

Laws enabling remote sales taxes mean retailers must now navigate each state’s policies, so they are no longer able to dodge compliance expenses and shield their consumers by lacking physical presences in states that tax these items. NorthShore’s sales tax compliance costs wipe out approximately 1 percent of its sales revenue, Greenberg said.

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13 Orgs And Corporate Giants Testing Out Blockchains And Distributed Ledgers

CB Insights

MINING GIANT BHP BILLITON IS IMPLEMENTING A BLOCKCHAIN TO MANAGE CONTRACT WORK AND ANALYSIS. Pemex, the Mexican state-owned proleum company, will assist oil & gas tech company Petroteq in developing an industry-specific supply chain management (SCM) software. ILLINOIS GOVERNMENT PILOTING LEDGERS FOR LICENSING.