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daVinci Payments Launches CNY Funded Prepaid Cards

PYMNTS

Illinois-based daVinci Payments has announced it is releasing a Chinese Yuan (CNY) corporate-funded prepaid card for employees or customers of multi-national corporations. The launch makes daVinci, formerly Swift Prepaid, the first North American program manager with this offering.

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Deutsche Bank, PNC Plan To Reduce Brick-And-Mortar Bank Branch Footprints

PYMNTS

The financial institution said per the report that it would shutter approximately 100 locations throughout the nation, which would shrink its domestic offices to roughly 400. In addition, Illinois-based Byline Bank is to shutter 11 offices from the beginning of next year, Banking Exchange reported.

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A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws

PYMNTS

An Illinois bill could aid both by making online marketplaces responsible for tax collection on the third-party sales facilitated through their platforms. National Retailers On Staying Compliant When Tax Exemptions Are Only Statewid e. Around The Next-Gen Sales Tax Wor ld.

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eBay: A Look Back

PYMNTS

They may never have made a purchase on the online marketplace, but the odds are good they know at least one good story about something bought it on eBay story. The national craze ended up pushing 6 percent of eBay’s sales on site. EBay, incidentally, also claims Beanie Babies were another big driver of the magic in 1997.

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When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase

PYMNTS

Some families pay more in taxes on diapers in a year than a month’s supply actually costs, Phillip Vander Klay, director of policy and government relations for the National Diaper Bank Network , noted in a recent discussion with PYMNTS. Managing compliance. Depending on the state and local taxes, a sales tax can add between 2.5

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CIT Bank Savings Connect Review

MyBankTracker

.” CIT Bank’s Savings Connect account stands out in comparison to such savings accounts by offering very high interest rates on your deposit balance — more than 7x the national average. Without these operational expenses, online banks such as CIT Bank often provide more value to consumers. Online transfers/ACH: $0.

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ICBA’s 2021 National Community Bank Service Award winners

Independent Banker

ICBA’s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses. The community bank provided nearly 480,000 PPP loans totaling more than $13 billion to businesses across the nation. “I