PYMNTS

DECEMBER 30, 2019

Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. have moved to collect sales tax from remote sellers, and it’s just the beginning. To date 43 states and Washington, D.C.

Taxes 130

Taxes Alaska South Dakota South Carolina 130

PYMNTS

SEPTEMBER 28, 2020

Canadian Lawmakers Want Big Tech to Pay for Content, Taxes . EU Renews Demand for Back Taxes on Apple’s Ireland Ops. billion back-tax bill in Ireland. Margrethe Vestager, executive vice president of the European Commission for a Europe Fit for the Digital Age , last week appealed that ruling and wants the tax bill paid.

Taxes 162

Taxes Compliance Illinois Las Vegas 162

Abrigo

MAY 10, 2021

Features of a Commercial LOS What basic functions should a loan origination system complete? Takeaway 1 Know the features and functions of a loan origination system (LOS) if your financial institution is shopping for one or upgrading. What should an LOS vendor provide? . You might also like this Aite Group report on LOS vendors.

System 195

System Lending Analysis Software 195

PYMNTS

OCTOBER 1, 2019

Key international negotiations surrounding Brexit stand to reshape global eCommerce, including the kinds and amounts of taxes that online marketplaces will face. 31 whether or not a deal is signed, however, leaving businesses to guess how they should prepare for any new tax compliance obligations that could be set in motion.

Taxes 121

Taxes Online Training System 121

PYMNTS

JANUARY 24, 2021

Cygnet Infotech promotes FACE as a product that handles not only conventional accounting processes, but also provides specialized handling of challenges around goods and services taxes. One facet of helping with compliance is the automatic recording of journal entries.

Taxes 178

Taxes Compliance Software Fraud 178

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. ExpressTruckTax provides compliance to the trucking fleet industry, as companies with vehicles operating on public highways have specific filing requirements.

Taxes 100

Taxes Payments Cards Industry 100

Abrigo

AUGUST 19, 2020

Imposter scams, money mule schemes, tax fraud, charity solicitations, and cybercrime exploitation methods have all found solid ground to twist a known fraud typology in something that looks legitimate during the fears of the pandemic. How can your transaction monitoring system detect trending COVID-19 related fraud? Asset/Liability.

Fraud 195

Fraud System Trends Software 195

Abrigo

AUGUST 19, 2020

Imposter scams, money mule schemes, tax fraud, charity solicitations, and cybercrime exploitation methods have all found solid ground to twist a known fraud typology in something that looks legitimate during the fears of the pandemic. How can your transaction monitoring system detect trending COVID-19 related fraud? Card Fraud.

Fraud 195

Fraud System Trends Software 195

PYMNTS

FEBRUARY 12, 2019

Indian activists with the New Delhi-based Centre For Accountability And Systemic Change (CASC) and right-wing activist K.N. Govindacharya have asked lawmakers in India to call leaders of Google and Facebook to the country to ask them about data privacy and their compliance on tax laws, according to a report from Reuters.

Taxes 108

Taxes Google social media Groups 108

Jeff For Banks

NOVEMBER 10, 2012

I am putting forth the Jeff For Banks (jfb) Federal Income Tax system that is fair, easy, and balanced. Lest I hear from the Oracle of Omaha about how he pays a lower tax rate than his secretary, I have your fix Mr. Buffett. Poor Mitt had an effective tax rate of 17%. The jfb Federal Income Tax System.

Taxes 78

Taxes System Omaha Compliance 78

PYMNTS

DECEMBER 7, 2020

Canada Looks to Tax International Tech Firms. A potential “Netflix Tax,” which is forecast to bring in more than $1.2 The digital tax would be collected from clients, and digital services companies would remit it. The digital tax would be collected from clients, and digital services companies would remit it.

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

OCTOBER 5, 2020

The General Court judgment raises important legal issues that are of relevance to the Commission in its application of State aid rules to tax planning cases,” Executive Vice President Margrethe Vestager said in the statement. European Commission To Appeal Apple State Aid Decision. 25 statement.

Data 229

Data Google Compliance Apple 229

PYMNTS

JULY 8, 2019

Onyx CenterSource , a global provider of B2B payments and business intelligence solutions to the hospitality industry, announced it has partnered with tax software provider Sovos to expand its Onyx’s InvoicePro eInvoicing capabilities. The company has now chosen Sovos to help it meet the upcoming changes in the compliance sector.

Taxes 115

Taxes Compliance Security Fraud 115

PYMNTS

SEPTEMBER 20, 2020

In Brussels, regulatory officials are considering a monitoring system that would allow the public to rate companies’ tax compliance and how quickly they remove illegal content, FT reported. Violators would be assessed penalties for non-compliance.

Compliance 175

Compliance Regulation Taxes System 175

PYMNTS

FEBRUARY 1, 2021

From new hires to departing professionals, to raises and bonuses, and to shifting tax laws, payroll can certainly change from one pay cycle to the next. Without automated technology in place, said Ayyad, the alternative is for businesses to conduct payroll calculations manually and then re-key that information into another system.

Strategy 247

Strategy Taxes Management Trends 247

Abrigo

MAY 2, 2017

While it sounds great in theory and everyone agrees, just how is this to be accomplished when most of your efforts are currently focused on finding new clients for the seeming financial security of gaining a heap of tax and compliance work? A system is a way to produce more while saving time, energy and money.

How To 150

How To Taxes Compliance System 150

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. Others might find it burdensome to invest in new software and systems and change existing processes.

Fraud 189

Fraud Fintech Compliance Regulation 189

FICO

DECEMBER 21, 2018

These leaks disclosed a large number of people who run businesses in an offshore country, in many cases to illegally avoid tax payments. To comply with tax regulations, it is a must for a bank to check customers against these lists to avoid non-compliance, a damaged reputation and the support of illegal activity.

Taxes 40

Taxes Compliance Regulation System 40

PYMNTS

OCTOBER 25, 2019

tax laws, and some businesses and public sector stakeholders are now pushing back. The case ushered in a wave of state- and municipality-issued economic nexus laws that tax remote sellers based on economic activity rather than physical presence. The 2018 South Dakota v. Wayfair ruling paved the way for broadened U.S.

Taxes 100

Taxes South Dakota Policies Compliance 100

PYMNTS

MARCH 11, 2020

FreshBooks rolled out its VAT Return Report last year to assist more owners of small businesses get ready for tax time compliance. In separate news, Sage Intacct is bringing its cloud-based financial management system to the U.K. per news in December.

Software 130

Software Taxes Compliance Meeting 130

Gonzobanker

JUNE 18, 2019

Welcome to the sleepy world of core banking systems. The banking industry has become accustomed to baby steps in core systems development, with a truly new product rolling out only once every few years. However, a new era of core systems competition is about to begin with almost everything on the table for change.

System 93

System Strategy Technology Industry 93

Abrigo

JUNE 10, 2020

LaFontaine failed to take sufficient action when presented with significant AML program deficiencies in the Bank’s SAR-monitoring system and the number of staff to fulfill the AML compliance role by his AMLO [AML Officer],” the document said. Adequate, risk-focused AML resources are critical.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

FEBRUARY 8, 2018

If death and taxes are sureties, insurance payments rank up there, as people insure homes and autos and apartments against any number of calamitous scenarios. like paying over the phone using an IVR system that will securely capture credit card information. Thus, the appeal of other options offered by firms like One, Inc.

Taxes 101

Taxes Payments social media Policies 101

PYMNTS

OCTOBER 3, 2019

In addition to an eCommerce platform enabling cannabis businesses to legally procure inventory, Dama Financial will facilitate compliance financial transactions between B2B vendors and merchants. Cannabis-related businesses are locked out of the banking system, and cannot maintain checking accounts, process payroll obligations or pay taxes.

Compliance 130

Compliance Industry California Taxes 130

PYMNTS

JANUARY 15, 2021

These violations, said FinCEN, “caused millions of dollars in suspicious transactions to go unreported in a timely and accurate manner, including proceeds connected to organized crime, tax evasion, fraud, and other financial crimes laundered through the bank into the U.S. financial system.”.

Capital 268

Capital New Jersey Groups New York 268

FICO

SEPTEMBER 19, 2018

A new special report from Raconteur , published in today's edition of The Times in London, calls out the growing trend of convergence of fraud and compliance. Many organisations, particularly those that have grown through acquisition, struggle with a legacy of multiple-point solutions that are embedded into core business systems.

Compliance 40

Compliance Fraud Report Trends 40

FICO

SEPTEMBER 6, 2018

A new special report from Raconteur , published in today's edition of The Times in London, calls out the growing trend of convergence of fraud and compliance. Many organisations, particularly those that have grown through acquisition, struggle with a legacy of multiple-point solutions that are embedded into core business systems.

Compliance 40

Compliance Fraud Report Trends 40

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.". Integrating financial systems and workflows with document management technology can support automated organization as well as data capture.

Compliance 157

Compliance Taxes Industry Data 157

PYMNTS

FEBRUARY 19, 2020

The summit, according to BloombergTax, will include four 90-minute panels on technology updates, problems with cryptocurrency exchanges, tax return preparation and regulatory guidance and compliance. The summit will include both private sector panelists and government officials sharing their views and engaging with the audience.

Meeting 168

Meeting Groups cryptocurrency Bitcoin 168

Gonzobanker

AUGUST 17, 2022

Plaid acquired ID verification and KYC/AML compliance platform Cognito Mitratech Holdings acquired compliance risk and vendor management solution Continuity Mitek acquired KYC onboarding and analysis solution HooYu Equifax acquired post-transaction fraud solution Midigator. Keep an eye on the initial banks working on these projects.

Fintech 198

Fintech Lending Software Compliance 198

CFPB Monitor

SEPTEMBER 2, 2016

” The trade groups note that it was not until last week, on August 26, 2016, that the DoD published in the Federal Register an interpretive rule to provide guidance regarding compliance with the July 2015 final rule.

Compliance 79

Compliance Groups Lending FDIC 79

PYMNTS

OCTOBER 9, 2019

Typical sextortion scams claim to have installed malware on recipients’ systems and recorded their browsing history of adult websites and webcam footage. And the IRS has released new guidance for digital currency investors and their tax advisers, explaining how the agency expects them to report income from their holdings. percent rate.

Bitcoin 116

Bitcoin San Francisco Taxes Compliance 116

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

FICO

JANUARY 18, 2019

Despite advances in customer due diligence, including the addition of advanced analytics to compliance officers’ toolkits, the scandals of 2018 confirmed that many banks are struggling to bring their operations up to regulators’ standards, to say nothing of best practices. Know Your Customer. Detection and Alert Handling.

Compliance 40

Compliance Regulation Taxes Analytics 40

Insights on Business

MARCH 18, 2019

Not just a limited scheme, between 2006 and 2013 it facilitated fake trade deals, reinsurance fraud, tax evasion, hidden investments, a fuel pricing fraud scheme at Sheremetyevo Airport—and much more. But perhaps twenty banks were involved – and many of the organizations involved as counterparties will have had compliance programs in place.

Taxes 156

Taxes Compliance Fraud Maine 156

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes.

Payments 260

Payments Compliance Technology Taxes 260

PYMNTS

OCTOBER 17, 2018

The solution will offer smart contracts to facilitate transactions and movement of data between systems, DMG explained, as well as streamlined onboarding of supply chain partners, including producers, distributors, shippers, retailers, and auditing and reporting portals. billion with 13 million recreational users.

blockchain 156

blockchain Compliance Management Bitcoin 156