PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Corporate buyers that have gathered enough information on potential business partners then need to answer to regulators. Digital Fixes.

Data 166

Data Management Taxes Meeting 166

PYMNTS

SEPTEMBER 8, 2020

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Regulation. Big Tech Updates Fees to Reflect UK Digital Services Tax. For example, the company intends to pass on a new 2 percent U.K. and other countries.

Taxes 131

Taxes Google Apple social media 131

Abrigo

OCTOBER 14, 2014

When it comes to the risk management process, there is no one-size-fits-all approach. “It is as much an art as a science,” says Tim McPeak, risk management consultant at Sageworks. ” But these inconsistencies pose significant challenges to managing credit risk at financial institutions. Utilize technology.

Risk Management 223

Risk Management Management Taxes Analysis 223

South State Correspondent

JUNE 7, 2023

Bank ERC Background Bank ERCs is a refundable tax credit available to businesses, including financial institutions, affected by the global pandemic as granted under the CARES Act and modified by the Relief Act. Unable to hold in-person meetings—with customers, partners, regulators, industry representatives, and more.

Taxes 195

Taxes Meeting Operations ATM 195

Abrigo

SEPTEMBER 5, 2023

Examples of "except"-ional problems I have seen cases where something is an exception even though there is a policy or guidance specifically allowing instances for what is being cited as an exception. Portfolio segments should be monitored and managed, not get buried in exception counts. This tends to be how we treat exceptions.

Policies 195

Policies Lending Risk Management Examples 195

Abrigo

SEPTEMBER 20, 2023

Rather than stealing someone's identity or using a friend or family member's details, the account holder is who they say they are and uses their account to commit fraud—for example, applying for a loan with no intention of paying it back or filing a false chargeback claim. The scam here is an inside job, making it inherently more elusive.

Fraud 195

Fraud Trends Cards Software 195

Abrigo

MARCH 24, 2023

Step two Identify inherent risk vs. residual risk Inherent risk is any activity or factor posed to the credit union, notwithstanding applying any management or risk mitigation tools. After adjusting the inherent risk for the credit union’s risk management controls, residual risk represents the bank or credit union’s current risk.

Fraud 195

Fraud Compliance Examples Analysis 195

PYMNTS

NOVEMBER 27, 2018

The terms of this mandate will ensure that these areas are regulated and managed in a way that provides job opportunities as well as income for the government and people of Nigeria. Abubakar added that regulation will “provide clarity” and allow for jobs and income for Nigeria.

blockchain 193

blockchain cryptocurrency Bitcoin Ohio 193

PYMNTS

NOVEMBER 1, 2018

In the rare instance that a new market emerges, using the blueprints that other industries have created in supply chain management, logistics, procurement and other areas may seem like the easy path to take. Take, for example, markets like the food and beverage, pharmaceutical and medical supplies space.

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

JANUARY 16, 2019

In one example from the past several days, the China Banking Association (CBA) — the regulatory agency tied to the sector — has launched a new blockchain-underpinned initiative focused on trade finance. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region.

blockchain 206

blockchain Taxes Security Survey 206

PYMNTS

APRIL 3, 2020

There is a lot to consider, said Manish Vrishaketu, chief operating officer at supplier payments automation firm Tipalti , from vendor onboarding processes to tax compliance across borders. Automation, he said, led the company to “dramatically increase the velocity of bringing new publishers and new inventory onto our platform.”

Taxes 131

Taxes Compliance Payments Data 131

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. Declining deposits, higher cost of funds, and ever-increasing competition are just a few challenges these executives are managing. The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

AUGUST 3, 2020

Consumers have come to expect on-demand service when they watch movies, make online purchases or hail rides, for example, but this practice contrasts with how most employees are paid. McDonald’s and Outback Steakhouse began offering day-of payouts to employees two years ago, for example, and Walmart — the largest private employer in the U.S.

Payments 211

Payments Taxes Case Study Examples 211

PYMNTS

MARCH 26, 2018

Take the market’s VAT legislation, for example. Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. Tax fraud is a massive threat of corporates. The publication said VAT fraud costs the EU $1.9

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

DECEMBER 27, 2016

“Our overarching mission is to provide compliance services for small businesses, businesses that don’t have in-house attorneys or tech professionals, to provide the info that small businesses need to comply with employee management and tax reporting requirements,” said Susan Drenning, president of ComplyRight Inc. And on it goes.”.

Regulation 100

Regulation San Francisco Nebraska Trends 100

Abrigo

SEPTEMBER 21, 2021

As a loan reviewer, you need to be technically sound in order to do your job, which means you need to have a fundamental understanding of financial analysis, tax analysis, and all of the regulatory laws that surround the credits that you’re going to be reviewing,” Cooley says. Credit Risk Management. Credit Risk Regulation.

Video 195

Video Analysis Risk Management Training 195

PYMNTS

MAY 9, 2019

I think, naturally, companies put more attention on customers, and receiving revenue from those customers, than they do on managing payments to suppliers. In addition, local regulations may govern the particulars of a transaction, said Amit, mandating the types of information that need to be included.

Resources 177

Resources Management Payments Operations 177

PYMNTS

APRIL 20, 2016

The world of corporate treasury management has of late had to focus especially hard on the management portion of the job description. And with good reason, as a slew of regulations, spanning Dodd-Frank, Basel III and the money market Rule 2a-7 reform, have kept treasurers on their toes mastering the devils that lie within the details.

Taxes 100

Taxes Regulation Management Marketing 100

Abrigo

FEBRUARY 5, 2021

Takeaway 3 Meanwhile, regulators continue to reinforce the importance of lenders knowing customers and beneficial owners. In a letter, the AICPA cited an example that, in many instances, small business owners applying for PPP loans were being incorrectly informed they had a criminal record. New Guidance Out. Ongoing changes help.

Fraud 195

Fraud Lending Taxes Regulation 195

PYMNTS

APRIL 19, 2019

However, Steven Jones, business development manager of U.K. A business growth manager. In the payroll landscape, while the majority of the processes are repetitive and can be managed with technology, there are also areas that could use the expertise of an accountant to add value to business clients. A finance director.

Innovation 154

Innovation Compliance Technology Resources 154

Abrigo

SEPTEMBER 29, 2017

She knows this credit well because she has managed it for two years and talks to the CFO regularly. If the financials were imported via automation such as Sageworks Electronic Tax Return Reader , the analyst should check that she chose the correct time periods to include in the analysis. What should she do? Check the inputs.

Analysis 150

Analysis Tools Risk Management Examples 150

Abrigo

JULY 17, 2017

Requirements for delivering an advisory service “can differ quite a bit depending on the type of advisory service,” he says, given the differences between risk advisory services, tax planning, or performance management consulting, for example.

Honolulu 150

Honolulu Taxes eBook Leadership 150

South State Correspondent

OCTOBER 20, 2022

A classic example of this rule is the need for the customer to call back or stop a process to go get information. Bank call center managers often pridefully point to their “first-contact resolution” (FCR) performance. For example, a customer has a mortgage and comes to the website. The result? The overall result?

Policies 195

Policies Training Customer Experience Examples 195

PYMNTS

JUNE 15, 2018

In the Middle East , RAK Bank has said it will offer Sage accounting software to business banking customers, in an agreement that helps those firms manage value-added tax (VAT) compliance mandates. The software firm, Sage, has had five of its accounting offerings focused on VAT, accredited by the UAE Federal Tax Authority.

Fintech 115

Fintech Compliance Software Taxes 115

Abrigo

NOVEMBER 13, 2023

Regulators expect financial institutions to develop loan review or credit review systems tailored to their specific risks and circumstances. Make sure to look at lien perfection, tax payments, and insurance. But managing annual reviews for customers with fluctuating credit needs can be tricky. Profitability analysis.

Analysis 195

Analysis Lending System Survey 195

PYMNTS

MARCH 27, 2020

Under PSD2 regulations, Payment Initiation processes enable an end-user to initiate payment to a seller directly from their bank account rather than relying on a third-party payment provider to facilitate the payment. QR codes [are] an excellent example of the innovation we will see on the back of Payments Initiation.

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

MARCH 16, 2018

Certainly regulations like PSD2 and the U.K.’s Remlinger, Project Manager — Solutions for Business at foreign exchange technology firm OANDA. For OANDA, that means developing a robust foreign exchange (FX) management solution for corporate treasurers — only the company isn’t targeting treasurers directly with the tool.

Risk Management 134

Risk Management Survey Management Fintech 134

PYMNTS

AUGUST 9, 2019

As the price of bitcoin surged this week, cryptocurrency (namely, Facebook’s Libra) has been under increased scrutiny by regulators. Bitcoin , in one notable example, surged by 9 percent on Monday of this week, just as China broke its psychological barrier of seven yuan to the dollar for the first time in more than a decade.

Bitcoin 143

Bitcoin Regulation cryptocurrency Taxes 143

PYMNTS

FEBRUARY 13, 2017

With old rules evolving into new ones, geographic boundaries and their own set of regulations are just some of the many complexities that add friction to the process of international business. Bullock discussed the compliance challenges of various payment scheme regulations that cross-border merchants often need to confront.

Compliance 100

Compliance Taxes Regulation Operations 100

CFPB Monitor

AUGUST 4, 2016

Examples given by the CFPB are its “Ask CFPB” online Q&A tool and its consumer-facing advisories and other information on various topics such as opening and managing a checking account, preventing elder financial abuse, sending money abroad, paying for college, and retirement planning. ”

Compliance 60

Compliance Report Regulation Taxes 60

FICO

DECEMBER 1, 2020

Regulators will want more tolerance, but many credit grantors will be unable to afford it. When you have loans that are not profitable, and the regulator wants you to take the loss, you will push those loans to the debt resolution space. It’s not just regulators who will push for tolerance, the government will as well.

Taxes 76

Taxes Lending Capital Regulation 76

PYMNTS

SEPTEMBER 4, 2019

Merchants must handle the sales tax compliance obligations of each locale from which they receive money if they want to sell online. The complexities of sales tax compliance affect business decisions by both sellers and marketplaces, according to Ted Hettich, chief sales officer at U.K. for example. . Deciphering obligations.

Taxes 131

Taxes Policies Compliance Retail 131

Independent Banker

SEPTEMBER 30, 2021

Banks also serve more seasoned military members whose loan terms, for example, are subject to different regulations. Branch manager Noemi Gallardo says the community bank tries to be a “yes” bank. “We ICBA is waking up members of Congress to the misconduct of credit unions, chiefly their tax exemption. Take action.

Arkansas 168

Arkansas Community Bank Community Operations 168

Insights on Business

JULY 20, 2017

Regulations, such as Payment Services Directive (PSD2), are forcing banks to “open up”, enabling customers to easily share data with third parties. The first phase of the UK Open Banking initiative is an example of initiatives that are targeting this space. Examples of open banking in practice. The fintech hub.

Fintech 181

Fintech Mobile Examples Data 181

PYMNTS

OCTOBER 23, 2019

That’s just one example of how POS innovation is filtering down to the world of small and medium-sized businesses (SMBs) everywhere — and how, in turn, better POS technology and deployment are making for richer consumer experiences. All are big tasks for SMBs. How are you cashing out at the end of day?”

Retail 101

Retail System Mobile Innovation 101

CB Insights

OCTOBER 18, 2018

Conventional wisdom dictates that startups should incorporate with taxes and stock options in mind. ” In other words, blockchain companies don’t need to adhere to a conventional management or financial infrastructure. managing anonymous, geographically dispersed employees. incorporating a company without stocks.

blockchain 75

blockchain Company Examples Trends 75

Independent Banker

DECEMBER 31, 2021

Regulators haven’t yet broached the subject with them. For example, just 2.1% For example, we don’t do mortgage lending right now, because we don’t have the compliance expertise and staff knowledge,” Silveria says. Addressing ESG is one thing,” she says. We’re here to service our customers.”. Steve Dehnert, Badger Bank.

Community Bank 144

Community Bank Community Lending Louisiana 144