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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. 115,000 worth of fraudulent payments were reportedly made by former leaders of a small town in Missouri , the New York Times recently reported.

Fraud 148
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The future of workplace flexibility

Independent Banker

Many IT, marketing and finance profitability analytics employees are remote. “We Adrian Breen, The Bank of Missouri. Not having everyone working under one roof comes with risks, acknowledges Adrian Breen, president and CEO of The Bank of Missouri in Perryville, Mo. “As Filippin wants these employees to be based in their markets.

Missouri 142
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Oportun Personal Loans Review: For Borrowers With No Credit

MyBankTracker

To apply, you must live in one of the following states : Arizona California Florida Illinois New Jersey New Mexico Nevada Texas Utah Idaho (online only) Missouri (online only) Wisconsin (online only) Currently, you can only apply if you receive an offer code in the mail, but the company plans to open applications to the public in the near future.

Idaho 52
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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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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

Canopy Tax (formerly Beanstalk). Tax & accounting practice management. Louis, Missouri. Tags: Tax, advisor platform, marketing, client services, accounting, SMB. Source: FT Partners. HQ: Salt Lake City, Utah. Latest round: $8 million. Total raised: $10 million. Source: Crunchbase. Fraud detection.