PYMNTS

FEBRUARY 28, 2020

As B2B FinTech firms continue working to break down silos, and ease the numerous friction points of the B2B payments process for both buyer and seller, the opportunities for data integration are vast. It’s one thing to enable two B2B FinTech platforms — like an accounts payable and accounting platform — to share data with each other.

Taxes 209

Taxes Data Fintech Compliance 209

PYMNTS

JUNE 15, 2018

In Africa, the biggest private bank in Kenya, CBA, has cemented a partnership with a FinTech there, Ennovative Capital, a Kenyan firm that licenses software to boost payments speeds. The software firm, Sage, has had five of its accounting offerings focused on VAT, accredited by the UAE Federal Tax Authority. firm , PrimeRevenue.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

JUNE 29, 2020

With the Wealthfront mobile app, customers with direct deposit can get paid up to two days early, as well as set up direct deposit for other payments like a tax refund or company expenses.

Fintech 151

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PYMNTS

OCTOBER 16, 2020

COVID-era fraudsters use scams that range from impersonating tax officials to selling fake PPE on P2P payment apps. Financial crime is a constant worry for banks, credit unions, FinTechs and other financial institutions (FIs) and businesses, with total fraud losses totaling $1.45 trillion a year. billion) in attacks.

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Fraud Payments Security Data 222

South State Correspondent

MARCH 21, 2023

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. The ERC Assist Program SouthState has partnered with SmartBiz, a fintech company, and several known CPAs and ERC processors to assist banks in processing ERC payments for their small business customers. In 2020, the U.S.

Taxes 195

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PYMNTS

SEPTEMBER 8, 2020

Meanwhile, Visa has added crypto lender Cred to its roster of its FinTech Fast Track program, allowing for sped-up borrowing, payments and other such features, according to CoinDesk. Both companies work to provide tax software for cryptocurrencies, but Blockpit CEO Florian Wimmer said the companies have different strengths.

Bitcoin 141

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PYMNTS

APRIL 21, 2020

Plus, the IRS has shelved processing tax refunds to make room for sending stimulus payments. IRS Puts Tax Refunds In Storage As It Works On Stimulus Checks. Allstate On Using AI To Fight Insurance Claims Fraud. While digital claim filing has made processes more frictionless than ever, it’s also opening new doors to fraud.

Company 141

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PYMNTS

MARCH 26, 2018

The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. Europe is an epicenter for both regulatory shifts and FinTech innovation. Tax fraud is a massive threat of corporates.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

SEPTEMBER 8, 2020

Meanwhile, Visa has added crypto lender Cred to its roster of its FinTech Fast Track program, allowing for sped-up borrowing, payments and other such features, according to CoinDesk. Both companies work to provide tax software for cryptocurrencies, but Blockpit CEO Florian Wimmer said the companies have different strengths.

Bitcoin 131

Bitcoin cryptocurrency Fintech Software 131

PYMNTS

AUGUST 21, 2020

Publishers’ Letter Spotlights ‘Apple Tax’ – and Digital News Delivery. New Report: How Behavioral Analytics Help FIs Block Fraud at the ITM. Jim Cunha, senior vice president of secure payments and FinTech at the Federal Reserve Bank of Boston, tells Karen Webster why the Fed is working with MIT to explore digital dollars.

cryptocurrency 159

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PYMNTS

DECEMBER 8, 2020

Then of course, there was the fraud problem to contend with. Edwards noted that many checks bounced, and fraud still is a problem. There's very good technology and tools to manage fraud, but the best tools are digital and online.". Said Edwards: "The payments industry is very robust.

Payments 183

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PYMNTS

JUNE 4, 2020

From an instant payment perspective, it has now become much more important to be able to manage the fraud in real time online,” said Tino Kam , head of transaction banking at Finland-based Nordea Bank , in a recent interview with PYMNTS. You see a lot of [new] FinTech companies and digital-only banks that are fully API-based,” he said.

Security 151

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PYMNTS

FEBRUARY 3, 2020

As open banking frameworks continue to encourage bank-FinTech collaboration , the financial services market is exploring new ways to unlock data — not only with banks, but with each other. For corporates and their accountants, the opportunities in data integration between payroll and accounting and tax portals are similarly vast.

Data 184

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PYMNTS

AUGUST 6, 2019

With government agencies working to combat tax evasion and fraud, eInvoice mandates mean a reduced risk of invoice fraud and greater visibility into trade and transactions. on the benefits of an eInvoicing mandate, noting that it would address the nation’s current tax challenges.

Regional 108

Regional Taxes System Guidelines 108

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. AML involves multiple types of fraud, tax evasion, illegal trades and other crimes. The recently revealed $8.8

Taxes 156

Taxes Compliance Fraud Maine 156

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. Many of Franklin’s published aphorisms have survived the test of time and remain quite familiar. A penny saved is a penny earned. Honesty is the best policy. And one that should be every innovator’s anthem: “ Well done is better than well said.”. Benjamin Franklin.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

OCTOBER 10, 2018

According to AscendantFX president and Chief Executive Officer Jason Mugford, wires offer opportunity for technological improvement, and play a key role in the rising collaborative relationship between banks and FinTech firms. billion via business wire fraud between October 2013 and December 2016, the FBI calculated.

Fraud 116

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PYMNTS

NOVEMBER 23, 2020

Being resourceful entrepreneurs, more SMBs began exploring the universe of FinTech payment offerings last spring and adding app-driven, platform-based solutions to solve imminent cash flow problems. The security that comes with a paper check is huge … especially around paying taxes.” We no longer go to the bank,” Potter told PYMNTS.

Data 143

Data User Experience Fintech Lending 143

PYMNTS

DECEMBER 11, 2019

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience. In the latest demonstration of FinTech-to-FinTech integration, U.K.

Fintech 132

Fintech Groups Data Strategy 132

PYMNTS

JUNE 13, 2019

The tokenization helps sidestep the vulnerabilities to fraud that exist when sending checks, ACH and wire transfers. As noted in Retail Dive, the two companies said in a press release that Visa banking and FinTech partners will have the option to use Currencycloud’s cloud-based payments platform. “Our Mastercard, Too.

Charlotte 189

Charlotte Payments Taxes Compliance 189

Cisco

APRIL 26, 2022

Some familiar examples are receiving banking fraud alerts on mobile devices, submitting photos for insurance adjustments, or using robo-advisors for investment decisions. Their goal is to move beyond tax-related services to deliver a holistic financial services platform to small businesses and their employees, inclusive of banking services.

Big Data 148

Big Data Data Analytics Examples 148

PYMNTS

APRIL 12, 2017

Zeta, the FinTech startup that offers digital employee benefits for tax optimization, announced Tuesday (April 11) has inked a deal with National Payments Corporation of India’s (NPCI) payment platform, RuPay. We are happy to extend RuPay card platform for salaried individuals across sectors through Zeta.

Taxes 100

Taxes User Experience Cards Payments 100

PYMNTS

JANUARY 27, 2020

A crowd of FinTechs and challenger banks entering the disbursements space isn’t accelerating adoption to the extent needed, because it’s hard to differentiate them. More states are starting to use recurring digital payments as the means by which tax refunds and other government monies are paid out.

Payments 130

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PYMNTS

JUNE 29, 2020

A number of British FinTech firms have suspended services following the FCA’s restrictions on Wirecard, leaving hundreds of thousands of accounts blocked, the news service reported. We hope to be able to issue an update soon.”.

Taxes 223

Taxes Report Financial Technology Digital Banking 223

PYMNTS

APRIL 21, 2020

Mexico’s eInvoicing requirements began back in 2004, when its tax authority, the SAT, first developed its eInvoicing legal framework. It’s not necessarily easy for FinTechs and other technology players to loop into the rail, however. “It’s similar to ACH but it’s not as accessible to everyone.

Payments 144

Payments Software Taxes Cards 144

Fintech Labs Insights

APRIL 13, 2016

FinDEVr alum and long-time Magento partner, Avalara announced that its sales-tax calculation solution, Compliance Cloud, will be a part of Magento 2.0 In addition, customers will get access to Avalara’s tax prep, filing and remittance services. e-commerce platform. The company made its FinDEVr debut at FinDEVr San Francisco 2015.

Taxes 12

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PYMNTS

JULY 7, 2017

has taken the week to celebrate its Independence Day, but the rest of the global FinTech scene was busy funneling cash into B2B startups. investors placed nearly $50 million into B2B FinTechs, with particular attention on startups disrupting the supply chain management and corporate banking spheres. Invoice Finance.

Capital 100

Capital Fraud Management Fintech 100

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.

Compliance 186

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PYMNTS

DECEMBER 12, 2019

requirements that FinTechs must obtain a bank charter to access payment rails directly. that aim to lower barriers for FinTechs to participate, she said. This is an opportunity for collaboration, Killam said, particularly between FinTechs, traditional FinServ providers and the public sector. From Implementation to Integration .

Payments 181

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PYMNTS

NOVEMBER 14, 2019

Time report collection, data aggregation across different formats and departments, data consolidation for processing, tax withholdings and benefits calculation must all be done, approved, and processed for on-time payroll. But on the back end, said Eynat Guez, Papaya Global co-founder and CEO, complexities abound. Technological Innovation.

Payments 127

Payments Compliance Taxes Technology 127

PYMNTS

APRIL 7, 2017

Today, APIs have become a popular way for banks to share this financial data with other services and have given rise to more possibilities for FinTechs in how they meet their customers’ needs — and more debate about the security of such facilitated information-sharing.

Data 191

Data Technology Security Tools 191

PYMNTS

FEBRUARY 21, 2018

The latest news from the country comes from its government: Chief FinTech Officer of the Monetary Authority of Singapore, Sopnendu Mohanty, said the central bank is about two years out from being able to assess the impact of its current blockchain project, Ubin.

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blockchain Los Angeles Regulation Oregon 130

South State Correspondent

FEBRUARY 14, 2022

Businesses and households that need an inventory, valuation, repair, or risk tracking (fraud, theft, etc.) Product codes, quantity, unit charge, sales tax, time, location, and some 15 other fields are often collected and used for security, marketing, accounting, and general information. How Banks Are in The Middle.

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PYMNTS

JULY 3, 2018

Those that felt ready had invested in knowledge of local markets and tax codes, new tech and/or new vendors. However, more importantly, with consumers and banks approaching this inflection point, he expects there are exciting times ahead for wearables and contactless payment FinTech firms. Jewel Paymentech.

National 101

National Charlotte Regional Operations 101

Lars Markull

DECEMBER 4, 2019

The legislator wants to prevent tax fraud and is hoping that more merchants will record accurate sales numbers, and thus, tax payments will increase. As I was researching last week around the topic of “green FinTech services”, I have read quite a few articles on this topic. Some background. The public debate.

Taxes 53

Taxes Course System Strategy 53

PYMNTS

OCTOBER 10, 2017

“Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded.

Payments 124

Payments Regional America Trends 124

Lars Markull

DECEMBER 4, 2019

The legislator wants to prevent tax fraud and is hoping that more merchants will record accurate sales numbers, and thus, tax payments will increase. As I was researching last week around the topic of “green FinTech services”, I have read quite a few articles on this topic. Some background. The purpose?

Taxes 40

Taxes Course System Strategy 40