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Online Sales Tax’s ‘Pivotal,’ Post-Wayfair 2019 — And What Lies Ahead

PYMNTS

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Imposing state taxes on out-of-state sellers is now the new normal, she said.

Online 132
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Small banks: Big challenges and big opportunities

Abrigo

For smaller banks, longer-term industry consolidation trends and competition are also eroding deposit market share. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. Balance runoff is picking up speed, according to financial consulting firm Curinos.

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BEC Attacks Surge As Fraudsters Eye Pandemic Opportunity

PYMNTS

With the global pandemic continuing to cause market disruptions, the opportunities for fraudsters remain on the rise. The number of businesses that reported an increase in BEC attacks targeting their operations increased by 36 percent.

Fraud 148
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The future of workplace flexibility

Independent Banker

Staffers with a hybrid schedule include some commercial lenders as well as those working in the credit unit, finance and accounting, various support operations, insurance and securities departments. Many IT, marketing and finance profitability analytics employees are remote. “We Adrian Breen, The Bank of Missouri.

Missouri 142
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Big Tech Compliance Tracker: Google Faces Questions Over Digital Ads; Australian Watchdog Says Facebook’s Proposed Ban On News Sharing Would Be Its Loss

PYMNTS

The Telecom Regulatory Authority of India (Trai) has decided not to put over-the-top (OTT) companies like WhatsApp, Facebook and Viber under a regulatory umbrella, leaving their operations up to market forces instead, the Financial Express reported. EU Undecided Whether To Appeal Ruling Upholding Apple’s Irish Tax Breaks .

Google 147
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Fantasy Sports Get A Legal Go-Ahead In New York State

PYMNTS

Indiana, Virginia, Tennessee, Mississippi, Missouri and Colorado have all affirmed daily sports betting as a legal alternative, but other states have seen the issue differently. While a court initially barred DraftKings and FanDuel from continuing to operate in New York, a higher court reversed that decision on appeal.

New York 101