PYMNTS

DECEMBER 2, 2019

million tax-exempt groups active in the U.S., These organizations need to demonstrate to donors and community members that donations were spent appropriately to retain tax-exempt statuses and encourage future donations. . There are approximately 1.56 The agency found these nonprofits generated $2.5 trillion in revenues and $2.4

Management 141

Management Taxes Groups Regulation 141

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. But the ERP of today doesn’t look like it used to. Disruption Ahead.

Data 260

Data Taxes Analytics Resources 260

Abrigo

JUNE 10, 2020

The former Chief Operational Risk Officer was fined for insufficient action on AML program deficiencies and staffing issues. Abrigo Compliance & Engagement Director Terri Luttrell, CAMS-Audit, says that fines against individual BSA professionals are rare. The recent $450,000 fine of U.S.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

SEPTEMBER 17, 2020

Bad habits of saving important documents any old place, and assuming you and coworkers can easily find them later, rarely flies in industries where compliance is key.". The goal of increasing operational efficiency is universal.". "A desktop full of PDFs can be just as frustrating as piles of paper on your actual desk," said Wood.

Compliance 157

Compliance Taxes Industry Data 157

PYMNTS

OCTOBER 23, 2020

We see it when companies get wrong advice, such as, 'hire global contractors,' when they don't understand the tax complexities, the Permanent Establish risks, and so on," Guez warned. Payroll is a complex workflow that combines both the movement of money with regulatory compliance needs. Localizing The Strategy.

Compliance 143

Compliance Strategy Regulation Taxes 143

PYMNTS

FEBRUARY 21, 2019

Streit also highlighted the firm’s ongoing collaboration with Intuit , with its Turbo Tax solution enabling users to receive tax refunds on a Prepaid Visa Card issued by Green Dot. Green Dot also plans to upgrade the BaaS platform again in 2020, he noted, with an emphasis on risk controls and compliance.

Taxes 188

Taxes User Experience Cards Operations 188

PYMNTS

NOVEMBER 13, 2020

Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. As the company gears up to commence a Series A funding round next year, Osome will use the latest funding to explore global expansion into Australia after previous growth in the U.K.

Capital 229

Capital Cards Fintech Payments 229

PYMNTS

JUNE 7, 2018

In an announcement sent to PYMNTS on Wednesday (June 6), Arro Money said it has rolled out its account designed for entrepreneurs that operate independently. “We believe everyone should have access to appropriate financial services that meet their needs.

Taxes 133

Taxes Compliance Meeting Mobile 133

Abrigo

SEPTEMBER 1, 2021

financial institutions' improved compliance with Bank Secrecy Act and anti-money laundering regulations, such as cash reporting requirements.” . Financial Institutions should continue to monitor advisories and other communications from FinCEN for additional information regarding DTOs, including how to meet regulatory obligations. .

Training 195

Training Regulation Community Austin 195

PYMNTS

AUGUST 5, 2019

That new industry is growing, and new services, including online ordering and delivery, are rising to meet consumer demands for legal pot. One of the toughest parts of Know Your Business (KYB) compliance is understanding that the bad guys mimic what the good guys already do. Onboarding Stage.

Company 163

Company Payments Fraud Meeting 163

Abrigo

APRIL 13, 2017

Business owners don’t have to imagine the stress that this kind of tight situation can add to operating a business. The Definitive Guide to Improving Cash Flow explains how to identify areas where poor cash flow impacts the operations and growth of the business so the benefits of improving cash flow are clear and can inspire change.

eBook 170

eBook Analysis Resources Taxes 170

PYMNTS

APRIL 19, 2019

payroll processing company Payescape , said this area of the back office may have a larger influence on how accountants operate than some may believe. That’s particularly true when it comes to compliance and data security. However, Steven Jones, business development manager of U.K. In the U.K., In the U.K.,

Innovation 154

Innovation Compliance Technology Resources 154

PYMNTS

OCTOBER 17, 2018

This forces many operations to continue using cash. Marijuana retailers] want to think about growing their businesses, enhancing operations and taking care of their employees,” she said. GFA will also follow compliance guidelines and take steps to ensure it only engages with legitimate retailers. “We

Colorado 126

Colorado Massachusetts US Industry 126

PYMNTS

JUNE 26, 2018

Knowledge of local markets and tax codes were some of the biggest contributors to confidence. Adapting back-office operations around international realities and planning for a larger footprint were other common strategies, along with hiring enough help to support international growth.

Taxes 111

Taxes Maine Study Compliance 111

PYMNTS

JANUARY 17, 2019

It’s also about accounting for the industry in which a business operates, and what kind of back-end systems are already in place, even geographic location — all of which impact the way small businesses want to manage and pay their employees. ” In the U.S.,

Capital 173

Capital Tools Survey Management 173

PYMNTS

DECEMBER 11, 2019

It’s an integration that reflects how data integration strategies can not only help traditional banks to better meet clients’ needs, but also help FinTechs compete against banks. According to Just Cashflow, 70 percent of SMB owners say their existing banks do not adequately meet their needs. Eika Group, EedenBull Team for Banks.

Fintech 132

Fintech Groups Data Strategy 132

PYMNTS

JULY 13, 2018

The current quarter included a 10-cent per share income tax expense. . Wayfair, which impacted how states may collect taxes on sales made by out-of-state sellers. . However, we have to do manage our other risks, such as compliance and operational risk.” per share, while earnings came in at 98 cents.

South Dakota 101

South Dakota San Francisco Indiana Wisconsin 101

CFPB Monitor

JULY 21, 2022

Clearly: if eventually passed, this amendment will change the landscape of professional service providers, including tax return preparers with foreign clients, and payment processors. in a manner that the Secretary determines appropriate to assess compliance” with the amendment. Requirements.

United States 78

United States Taxes Regulation Compliance 78

PYMNTS

AUGUST 3, 2018

For much of the world, electronic invoicing is taking off — not only for the benefits it offers, like enhanced cash flow visibility, but largely because jurisdictions are implementing eInvoicing regulatory requirements to crack down on tax evasion. It’s an operational challenge we see across the board.”

Regulation 101

Regulation Data America Payments 101

PYMNTS

MAY 12, 2017

Meanwhile, Currencycloud draws transaction data to run anti-money laundering and other compliance checks. For a traditional business, Laven pointed out, handling the troves of data, staying compliant and making payments quickly adds several layers of complexity, often causing businesses to slow down in their day-to-day operations.

Payments 109

Payments Compliance Guidelines Comparison 109

FICO

OCTOBER 18, 2017

The last thing an organization with the tagline “We Power Good” wants to do is inadvertently power bad things — things like money laundering, tax evasion or terrorist financing. GVNG has a fascinating value proposition — it provides a technology platform that helps people set up and operate nonprofit organizations.

Meeting 51

Meeting Taxes Compliance Examples 51

Fintech Labs Insights

JUNE 29, 2016

Client Lifecycle Management solution provider Fenergo is boosting the capabilities of its Tax Compliance suite. The enhanced version of the company’s CRS Compliance Solution is geared toward improving tax regulation compliance through improvements to the Three Rs: Rules, Remediation, and Reporting.

Compliance 15

Compliance Taxes Management Regulation 15

PYMNTS

DECEMBER 14, 2017

Then again, who needs magic reindeer when supply chain APIs are available year-round to help merchants meet their delivery needs? For cross-border merchants, expanding operations globally comes with a strain on their accounts payable divisions. This is especially true for companies in the manufacturing space.

Trends 115

Trends Payments blockchain Report 115

PYMNTS

MAY 14, 2018

However, it’s most efficient for them to be paid – because, after all, they too play a critical role in operations and supply chain. There will also be tax liability and compliance challenges around the base currency where funds are being held. Risk and Compliance. It distracts from [the] core relationship.”.

ATM 101

ATM Compliance Regulation Cards 101

FICO

FEBRUARY 27, 2019

“Asia’s reputation for financial probity may take a long time to recover fully and it seems that our region’s bankers agree that we are just at the start of a compliance technology and process overhaul that may take many years to complete,” said Dan McConaghy, president of FICO in Asia Pacific. It is a large problem to solve.

Compliance 45

Compliance Regional Survey Analytics 45

CFPB Monitor

MARCH 24, 2020

Compliance with the commitments would be a condition of the FDIC’s grant of deposit insurance, issuance of a nonobjection to a change in control, and approval of a merger. loan servicing function) with the Covered Company or any of its subsidiaries.

FDIC 60

FDIC Taxes Industry Policies 60

PYMNTS

JANUARY 19, 2021

But reaching a broader range of consumers, accommodating their payment preferences, and satisfying regulatory and tax issues in unfamiliar territory introduces a host of new operational challenges for these companies. As the seller of record, we manage the filing, the collection and the remittance of taxes in every jurisdiction.”.

Branding 322

Branding Taxes Fraud Regulation 322

NCR

MARCH 1, 2016

Liquidity Risk – To maintain stability, financial institutions must ensure there are always adequate levels of liquidity to meet its obligations as they become due. Operational Risk – Operational risk includes anything that could potentially affect a financial institution’s service and/or product delivery.

Risk Management 40

Risk Management Management Operations Meeting 40

Independent Banker

AUGUST 26, 2015

She’s chief operating officer and vice president of the mortgage company, a division of Private Bank of Buckhead, in Atlanta. Electronic signatures are accepted by banking regulators and meet state standards under the Uniform Electronic Transactions Act. Legally and operationally, digital John Hancocks come of age in lending.

San Francisco 70

San Francisco Lending System Atlanta 70

Bankelele

DECEMBER 3, 2014

They handle more than just tax and payroll. A good reason for hiring an accountant however is to create a business plan, form a company, apply for loan, during tax audit or simply in order to delegate some duties. Generally, you need an accountant to prepare and file tax returns. This should provide some answers.

Taxes 34

Taxes Software Report Analysis 34

Perficient

DECEMBER 8, 2020

We created an automation strategy for improving cloud operations, which also provided DevSecOps risk mitigation and allowed our client to meet compliance requirements. We teamed up with a bank to revamp its back-office operations using automation and artificial intelligence. Data Lake Modernization.

Google 493

Google Data Technology System 493

CFPB Monitor

APRIL 7, 2020

Bender’s interpretation and continue to believe that these limits are inconsistent with the plain language of the CARES Act and its authorization of PPP loans to “any” business concern meeting applicable size requirements. Additionally, the new FAQ makes clear that a review of tax filings is not required before each PPP loan.

Examples 97

Examples Company System Taxes 97

BankUnderground

NOVEMBER 8, 2023

In a new working paper , we show that cap-and-trade schemes lead to lower volatility in GDP and financial variables, and result in reduced welfare costs of the business cycle , when compared to the more widely known carbon taxes. As a result, the respective macroeconomic effects of the two policies remain a point of debate.

Policies 65

Policies Regulation Taxes Compliance 65

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . A partnership aimed at helping banks, payment providers and fintechs meet the ever stronger regulatory demands while reducing effort and expense. .

Compliance 81

Compliance Technology Fraud Analytics 81

FICO

MARCH 25, 2022

To kick off the topic, Sid and I considered the essential questions of any fraud and risk management operation: Which technologies, techniques and methods will best work for the business? Fraud changes all the time — it’s a given, along with death and taxes,” Sid concluded. Effective Fraud Management Requires Explainable Technology.

Fraud 52

Fraud Management System Course 52

PYMNTS

DECEMBER 14, 2020

An Amazon representative said, per the report, “We continuously update our privacy practices to ensure that we meet the evolving needs and expectations of customers and regulators and fully comply with all applicable laws in every country in which we operate.”.

Google 132

Google social media Compliance Regulation 132

Jeff For Banks

JULY 8, 2017

Well, maybe the Phillips curve… The Fed also announced at their June meeting that they would be “normalizing” their balance sheet “soon,” which means reducing it by letting bonds mature and not replacing maturities or cash flows. For years, regulatory and compliance costs have been growing dramatically. trillion in 2008. We shall see.

Marketing 60

Marketing Community Bank Security Data 60