PYMNTS

NOVEMBER 5, 2018

China is reportedly looking at new regulations that would impact Alibaba and Ant Financial in an effort to boost oversight of financial holding companies. This comes as Ant Financial, the Chinese FinTech giant and an affiliate of Alibaba Group, posted an earnings pre-tax loss of 2.4 Reuters cited two sources at the time.

Regulation 128

Regulation Company Taxes Groups 128

PYMNTS

MARCH 9, 2020

billion, Tesco has struck a deal to sell its Malaysia and Thailand assets to entities of CP Group. billion, prior to taxes and other charges. The arrangement still must receive approval by regulators in Malaysia and Thailand. group in China with almost 3,000 of its partner’s locations. in the U.K.

Groups 130

Groups Taxes Resources Operations 130

PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109

Retail Taxes Virginia South Dakota 109

CFPB Monitor

OCTOBER 20, 2021

A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.

Regulation 78

Regulation Groups Analysis Lending 78

PYMNTS

JANUARY 15, 2021

To get a bit more granular, in an interpretive letter , the OCC said that regulated financial institutions (FIs) can participate in independent node verification networks (INVN for short – namely, a blockchain network). But those same payments mechanisms must be in compliance with various regulatory and legal frameworks.

Regulation 253

Regulation US Payments Compliance 253

PYMNTS

MAY 8, 2020

The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. Other ideas include more government action regarding competitive regulation. She believes lockdown orders created a loophole that allowed large chains that offer essential retail to continue selling non-essential goods like toys and electronics.

Maine 142

Maine Groups San Francisco Lending 142

PYMNTS

AUGUST 24, 2020

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Regulations. The eCommerce retailer has reportedly registered many entities in the country in recent times. Facebook Supports Data-Portability Law.

social media 152

social media Data Apple Compliance 152

PYMNTS

JANUARY 19, 2018

Fizzle of the Week: Cryptocurrency Regulation. The saga over bitcoin and its relationship to various regulators has become something of the payments answer to a romantic comedy. But the idea that regulators can wave a wand and make bitcoin go away? Easy come, easy crypt-go, it seems. They may have some luck. As for next week?

Bitcoin 123

Bitcoin Regulation cryptocurrency Taxes 123

PYMNTS

MAY 3, 2016

This is proving particularly true for more and more cash-strapped states that have spent years staring at soaring traffic for online retailers but little — if any — increases in the taxes reaped from this digital, transcontinental economy. proper to occupy much of the conversation. And South Dakota, for one, has had enough.

South Dakota 100

South Dakota Taxes Online North Dakota 100

Abrigo

SEPTEMBER 12, 2019

The Federal Trade Commission’s latest round of warning letters to companies selling products containing cannabidiol (CBD) is a reminder to financial institutions to tread carefully as they look into the possibility of providing banking services to cannabis-related retailers and other cannabis-related businesses (CRBs).

Retail 150

Retail Policies Regulation Compliance 150

PYMNTS

NOVEMBER 1, 2018

These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping. billion valuation by the end of the year, accepting cash at the point-of-sale (POS) and using cash to pay vendors, business partners and taxes remain commonplace.

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

OCTOBER 23, 2019

The trend promises to heat up even more in the 2020s, and in a new PYMNTS interview, Butch Langlois, president, North America, for cloud-based retail management software seller Vend , provided an in-depth tour of those changes and a glimpse of what’s to come. groups, and you had to call in people when it crashed.” POS Trends.

Retail 101

Retail System Mobile Innovation 101

PYMNTS

MAY 6, 2020

The COVID-19 pandemic has had a noted effect on how several industries can operate and interact with their customers during this time including retail stores, movie theaters and casinos. TurboTax is among the platforms seeking to make it easier for U.S.

Online 222

Online Taxes United States Industry 222

PYMNTS

FEBRUARY 20, 2020

The bill seems part and parcel of a strategy that seeks to bring at least some forum for smaller firms to voice complaints, and perhaps even give regulators some power to shape the ways in which eCommerce giants interact with local players. That’s due in part to a sales tax boost that now has been hurting consumer spending.

Taxes 178

Taxes Google Apple United States 178

PYMNTS

APRIL 11, 2017

Other topics of discussion will likely include Trump’s goals to cut federal regulations and reduce corporate income tax while also adding taxes in a bid to change the face of domestic production. Back in February, retail industry executives met with Trump to discuss his proposed change to the border tax.

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Meeting Taxes Policies National 100

PYMNTS

NOVEMBER 28, 2019

He added that one bonus is that the anxiety has led to a record level of engagements with corporate clients, with his group seeing the pipeline for potential deals at its highest level, while his bankers are being called to examine companies’ capital plans and offer strategic possibilities more than ever.

Oklahoma 125

Oklahoma Taxes Regional Industry 125

PYMNTS

MAY 2, 2016

It’s a big litigious party out in South Dakota these days, as the state is suing four eCommerce merchants for their lost sales tax – and different merchants (in a separate suit) are suing right back. Supreme Court precedent that retailers around the nation have relied upon for decades. North Dakota.”.

South Dakota 100

South Dakota North Dakota Taxes United States 100

PYMNTS

JULY 5, 2018

Reports are surfacing that, since the European Union’s General Data Protection Regulation took effect on May 25, customers exercising their rights under the law are contacting companies with questions about how their online data is being handled, and to request copies of that data. Breathing Room. Brazil Law?

Regulation 102

Regulation Data Exercises Online 102

PYMNTS

NOVEMBER 16, 2018

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177

Taxes Payments District of Columbia Alabama 177

PYMNTS

MAY 4, 2016

With the focus on making cross-border commerce as fluid and intuitive for consumers as it can be for the retailers themselves, it can be more than a little jarring to be reminded that actual borders exist underneath it all. Like the retail economy that rests on it, potential geopolitical instability is a global problem. percent tax.

Taxes 100

Taxes Retail Branding Apple 100

PYMNTS

JULY 27, 2017

Walmart announced news on Wednesday (July 26) that it had convened a broad group of individuals and organizations from the government, business and non-governmental sectors to lobby for a Policy Roadmap to Renew U.S. The retailer argued that could potentially result in the creation of an estimated 1.5 Manufacturing. manufacturing.”.

Policies 111

Policies Case Study United States Boston 111

Jeff For Banks

MARCH 5, 2021

According to my firm's profitability peer group, a branch with $74 million in average deposits made a mere pre-tax profit of three basis points. Another challenge is imposed by the very government that tries to assist LMI households: regulation. Again, much of the cost per account is driven by branch distribution and regulation.

Regulation 78

Regulation Indiana Charlotte Community Bank 78

PYMNTS

MARCH 15, 2017

Naturally, investors are taking notice — though marijuana is still classified as a Schedule I narcotic by federal guidelines, and regulations in states where cannabis is legal can get complicated. billion in state tax revenue from retail sales by 2020. percent loss in revenues in the retail beer space. and Canada.

District of Columbia 101

District of Columbia Technology Guidelines Software 101

PYMNTS

OCTOBER 17, 2018

A few weeks before the CCC issued its final licenses, GFA Federal Credit Union of Gardner, Massachusetts, announced it would be willing to work with legalized marijuana businesses, extending financial services to the industry and providing marijuana retailers with the same financial benefits used by traditional businesses.

Colorado 126

Colorado Massachusetts US Industry 126

PYMNTS

JUNE 15, 2018

This comes as the newswire reports that retailers take as long as five to seven months to pay suppliers, as estimated by the ministry of trade. 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.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

NOVEMBER 19, 2019

Ant Financial Services Group might apply for a virtual banking license in Singapore. “We While Ant didn’t reveal if it would pursue a retail or wholesale license, it will be easier for it to obtain the latter. Ant Financial produced a pre-tax profit in the neighborhood of around $200 million, according to Alibaba’s yearly report.

Digital Banking 101

Digital Banking Capital Taxes Groups 101

PYMNTS

JANUARY 13, 2020

A spokesperson for Flipkart said, according to report from another outlet, “The Flipkart group is fully compliant with all applicable laws and FDI regulations.”. That news came in the midst of a slowdown in the nation that has led the government to introduce tax cuts and different measures to bolster growth.

Taxes 101

Taxes Branding Regulation National 101

PYMNTS

APRIL 18, 2016

Ant Financial — the finance affiliate of Alibaba Group Holding Ltd. — Zhejiang Ant Small & Micro Financial Services Group Co. A lot of the potential retail investors are also Ant Financial’s users.”. percent of the finance arm’s pre-tax earnings until it acquires the stake, the filing said.

New York 100

New York Taxes Maine Groups 100

PYMNTS

SEPTEMBER 20, 2018

European regulators this week continued to show their love, respect and admiration for U.S.-based Assuming that caught your attention, here’s the real story: It’s shaping up as a busy week for regulators in Europe (including Turkey, which for purposes of this article, qualifies as Europe). European Tone.

Google 124

Google social media Regulation Course 124

PYMNTS

NOVEMBER 22, 2019

The deal comes as Sage Pay’s parent company Sage Group said in September that it was seeking “strategic alternatives for the payments business.”. Isaacson has watched remote sales tax policies unfold since that time in a flurry of new laws that differ by state, and even municipality. Elavon Spends $300M For Sage Pay. Elavon , a U.S.

South Dakota 108

South Dakota Google Taxes Branding 108

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. This year in the US, JP Morgan launched mobile banking app Finn and Goldman Sachs’ retail banking arm Marcus crossed 1.5M Incumbents Play Catch-Up.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

JANUARY 28, 2019

As has happened so far, India’s government said late last year that new eCommerce regulations would become the law of the land – at the end of this week, on Feb. million fewer jobs would be created, and the government would collect $6 billion less in taxes. While all eyes may be focused on China and the U.S. , In tandem, more than 1.1

Course 188

Course National Online Google 188

PYMNTS

FEBRUARY 12, 2018

Put on a Retail Happy Face. Yup, physical retail is doing just fine — despite all the talk of doom and gloom. Yet, according to Fung Global Retail & Technology, 6,985 stores closed in 2017 , up 229 percent from 2016, and well above the number of stores which closed in the year that started physical retail’s death spiral: 2008.

Big Data 135

Big Data Data Retail Marketing 135

PYMNTS

MARCH 19, 2018

And that we should do that not because they’re tax evaders or evil — all things he said they, like all of us, are. Regulators may be circling the wagons around Facebook, but it’s not clear what that means, what the remedies might be (outside the EU and U.K.’s Today, despite the story the U.S.

Google 148

Google Apple Retail Millennials 148

Jeff For Banks

JULY 6, 2013

government controlled or heavily regulated. The employee can save all of the needed savings tax deferred. But I think Harkins'' group is suggesting more centralized control in defining "professionally managed". I''m not talking about our frequently half-hearted attempt at retail investment sales. that reads.

Community Bank 104

Community Bank Community National Iowa 104

PYMNTS

JULY 22, 2019

Unfortunately, caught up in the “Big Tech is bad” frenzy , they seem to be ignoring the innovations those platforms have created – all of them – which democratize the retail field of play to be more inclusive of small merchants in ways that were never before possible. Taxes and other measures put in place years earlier were even rolled back.

Innovation 170

Innovation US Maine Google 170

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. A traditional retail bank has its own distribution channels (such as branches, contact centers, and digital channels). Banking products are transparent and easy to compare.

Fintech 181

Fintech Mobile Examples Data 181