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NYC Taxi Commission Accused Of $810 Million Fraud

PYMNTS

New York Attorney General Letitia James announced plans to sue New York City for allegedly fraudulent practices by its Taxi and Limousine Commission (TLC), according to reports on Thursday (Feb. A taxicab medallion is a numbered plate required to operate a yellow cab.

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Soupman Files For Bankruptcy Protection

PYMNTS

New York City soup producer and marketer Soupman – home of Seinfeld’s “Soup Nazi” character – has filed for bankruptcy protection following charges against former CFO Robert Bertrand last month. million, and total alleged tax loss to the U.S. million, and total alleged tax loss to the U.S.

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What’s Next For Real Estate In Amazon’s HQ2 Cities?

PYMNTS

13) on its new headquarters. The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., and in Long Island City, a neighborhood in Queens, New York City. In New York City, Amazon’s $1.2

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Uber Facilitated More Than $600M In Tips For Drivers

PYMNTS

Lyft , noted the report, is operating in fewer markets than Uber — Lyft is in the U.S. and Canada while Uber has operations around the world. The report noted that Uber drivers are earning the most tips in Salt Lake City, Utah; San Antonio, Texas; Kansas City, MO; New Orleans, LA; and Nashville, TN.

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Mastercard: Data-Driven Insight Key To Fast-Tracking America?s Reopening

PYMNTS

To that end, and as announced Friday (May 29), Mastercard launched its new Recovery Insights tool that is aimed at helping governments pinpoint where aid needs to flow, and businesses fine-tune operations to serve consumers more efficiently.

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B2B FinTech Firms Brace For Growth With New VC

PYMNTS

Reports in the Financial Times earlier this week revealed that investors are advising startups to hold on to cash and gather reserves to remain stable amid any market uncertainties. With on-demand services like Airbnb landing a greater share of the business travel market, other players looking to compete are coming in fast.

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Top cash flow forecasting mistakes

Abrigo

Tax liabilities are another source of variability in projecting cash flows. A business is not likely to be in touch with every tax change, and that is why the company hires tax professionals and advisers. He resides in New York City with his wife. This goes for accounts payable as well. Read his Blog.

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