PYMNTS

SEPTEMBER 8, 2020

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Regulation. Big Tech Updates Fees to Reflect UK Digital Services Tax. digital services tax on to consumers in addition to an existing 20 percent value-added tax.

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PYMNTS

SEPTEMBER 28, 2020

Regulations. SocialMediaToday reported that in early September, an EU “privacy regulator … sent Facebook a preliminary order to suspend data transfers to the U.S. Canadian Lawmakers Want Big Tech to Pay for Content, Taxes . EU Renews Demand for Back Taxes on Apple’s Ireland Ops. billion back-tax bill in Ireland.

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Taxes Compliance Illinois Las Vegas 162

PYMNTS

MARCH 19, 2018

Tax season, indeed. The regulatory landscape was dotted with news out of Europe centered on the way that tech firms do business — and how they’re taxed. Reuters reported that search results across eCommerce and mobile conduits would, at least as defined in draft legislation, target ostensibly harmful trading practices.

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Taxes United States Community Bank Analytics 122

PYMNTS

DECEMBER 3, 2020

However, the prospect of a deal that would unite TurboTax, a powerhouse in the tax preparation business, with Credit Karma’s own sizable consumer tax business, drew antitrust concerns from federal regulators. having stepped up to buy the unit.

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Taxes Regulation Mobile Cards 144

PYMNTS

MARCH 2, 2020

To that end, Apple said last week that it set a deadline of June 30 for app developers to comply with Chinese laws surrounding mobile video games. As estimated by Newzoo, a market research firm, iOS will generate more than half of total mobile gaming revenues in China, at around $13 billion. International Tax Policy.

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Taxes Illinois Regulation Mobile 130

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?

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Bitcoin Regulation cryptocurrency Taxes 123

PYMNTS

JUNE 9, 2019

Reuters reported Lagarde said that technology companies’ use of big data and AI i ncreases big tech companies’ dominance in the mobile payments market, which could result in policymakers around the world rethinking how they regulate the banking system and how they ensure financial settlements are made safely and securely. “A

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Industry Big Data Fintech Taxes 190

PYMNTS

OCTOBER 9, 2020

This is similar to the ‘salt movement’ which India fought where salt was taxed. Similarly now, Google is taxing the entire technology landscape, arbitrarily for just providing a platform.” . 8), DealStreetAsia reported Friday.

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Google Taxes System Regulation 231

South State Correspondent

NOVEMBER 15, 2016

In 2016, as an industry, banks started to embrace the power of social media which has now morphed into a trend of focusing on mobile. Tax reform, trade, less regulation, higher interest rates and new programs will have households and businesses yearning for more financial analysis.

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Trends social media Marketing Taxes 150

PYMNTS

DECEMBER 8, 2019

In other news, Brazil has released a new tax code that includes regulation that will fine anyone who does not declare their bitcoin and other crypto transactions. In addition, the head of the Federation of Industries of the State of São Paulo also voiced concerns that Brazilians could start using crypto to evade taxes.

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blockchain Bitcoin Taxes cryptocurrency 132

PYMNTS

MAY 8, 2020

Shopping on mobile devices has increased 7.7 Supreme Court decision allowed sports betting in 2018 and inspired 2019 laws that govern the fledging industry in 10 states and set guidelines such as how online casinos can operate and how sports betting would be taxed. million in March 2020 from $67.5 million in March 2019.

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Online Industry New Jersey Pennsylvania 176

PYMNTS

OCTOBER 5, 2020

Regulation. The General Court judgment raises important legal issues that are of relevance to the Commission in its application of State aid rules to tax planning cases,” Executive Vice President Margrethe Vestager said in the statement. Data Activist: Big Tech Not Following Transatlantic Data Transfer Regulations. 25 statement.

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Data Google Compliance Apple 229

PYMNTS

APRIL 21, 2020

As banks increasingly go digital, as they seek to leverage mobile devices to reach consumers where they live — and especially as the coronavirus has kept us all hunkered down and sheltered in place — they’ve got to pay down their technical debt. As he told Webster, “technical debt is like a tax. Moving To The Cloud.

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PYMNTS

JULY 23, 2019

Gapo, which launched on Tuesday (July 23), is a mobile app that allows members to build profiles and share posts, Reuters reported. Vietnam said in January that Facebook violated Vietnamese law in how it managed online content, advertising and taxes.

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social media Mobile Taxes Compliance 116

FICO

JANUARY 4, 2018

2017 was highlighted by a series of Executive Orders calling for comprehensive reviews of existing regulations, a series of reports issued by the U.S. Also, I wrote about the more than dozen regulations which were rolled back as a result of a rarely triggered statute, the Congressional Review Act.

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Regulation DC District of Columbia Taxes 53

PYMNTS

MARCH 15, 2018

The European Commission is at work on a new proposal that aims to shape how online platforms — spanning eCommerce and mobile apps — rank search results. As has been noted, tech companies have become more highly regulated in Europe, as regulators focus on user data, tax payments and other business processes.

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Google Apple Regulation Taxes 129

PYMNTS

MAY 22, 2019

WeChat Pay is a unit of Tencent’s popular WeChat mobile messaging platform, while Alipay is operated by Ant Financial, an affiliate of Chinese eCommerce giant Alibaba. In a statement to Reuters, Tencent said its WeChat Pay unit meets all regulations in the countries where it operates. “As

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Taxes Regulation Payments System 158

PYMNTS

SEPTEMBER 25, 2019

The legislation aims to ensure that state-authorized and regulated cannabis businesses are not forced to operate with cash only. Cannabis-related businesses are locked out of the banking system, and cannot maintain checking accounts, process payroll obligations or pay taxes.

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Ohio Colorado Washington California 235

PYMNTS

NOVEMBER 2, 2018

That deal sees employees able to access their wages more quickly, with Ingo providing push payment technology for workers to use their mobile phones to cash checks or load funds to ADP payroll cards. ADP had previously rolled out another collaboration with Ingo Money earlier this year.

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Taxes Resources Compliance Data 156

Independent Banker

MARCH 31, 2022

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We are not Wall Street banks—we are community banks.

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Community Bank Community Industry Texas 239

PYMNTS

APRIL 25, 2016

Google makes one of the leading mobile operating systems in the world — Android — and licenses it for free to companies like, say, Samsung that make it the software foundation of smartphones they sell for hundreds of dollars. Lots of other players have been serenading the regulators, courts, and whoever else will listen with those same tunes.

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Regulation Google Course Cards 100

PYMNTS

DECEMBER 18, 2020

The deal got the attention of antitrust regulators due to Intuit’s ownership of Turbotax. Justice Department approved the union once Credit Karma agreed to sell off its tax unit. . Intuit closed its $8.1 billion acquisition deal with Credit Karma earlier this month. However, the U.S.

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Tools Taxes Regulation Innovation 242

PYMNTS

APRIL 14, 2020

Gig workers’ rights and benefits — including healthcare and access to unemployment — have become key topics debated by regulators in th e United States as they work to figure out how to provide support. and other countries is the way consumers and regulators th ink about it. How The Pandemic Is Impacting Business Regulations.

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Regulation Examples United States National 285

PYMNTS

JANUARY 2, 2020

The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 The new regulation went into effect on Jan. 50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. .

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Cards blockchain Retail Cyber Security 130

Bank Innovation

MAY 11, 2017

company owned servers and 3) regional jurisdictional data, payments and identity infrastructure is inevitable and the most effective way to manage those threats is by giving would-be-global European firms a competitive edge in the form of regulation. understand that 1) massive amounts of European capital flow to the U.S. It’s both.

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Regulation Regional Apple America 252

PYMNTS

JANUARY 13, 2020

The Competition Commission of India claimed that the exclusive deals between mobile phone brands and online shopping platforms in addition to allegations of eCommerce firms providing better treatment to specific sellers “merits an investigation.”

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Taxes Branding Regulation National 101

PYMNTS

APRIL 30, 2018

Fifty-two percent of SMBs predict business payments will be digital within the next five years , said Bank of America, while mobile phones are used by nearly all small business owners today – 89 percent say they use smartphones and other mobile devices to manage their business and operations like basic tasks, digital banking and digital payments.

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Taxes America National Community 144

PYMNTS

NOVEMBER 22, 2019

Wahlburgers recently became the latest entrant to the mobile order-ahead field with its WahlClub digital ordering app and rewards program. Isaacson has watched remote sales tax policies unfold since that time in a flurry of new laws that differ by state, and even municipality. In one salvo, U.S.

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South Dakota Google Taxes Branding 108

PYMNTS

SEPTEMBER 22, 2016

Regulation makes the sharing a economy a challenge in Japan, but those rules apparently don’t quite apply to a network of freelancing Buddhist priests that is making on-demand gains by bringing enlightenment to the doors for the devout. Not so much — unless one happens to take the review section very seriously.

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Taxes Study Mobile Regulation 100

PYMNTS

NOVEMBER 13, 2018

Such is the case in cash flow management, according to Chief Commercial Officer Simon Lyons of The Slide App , a new mobile tool rolled out by virtual account management solutions provider Cashfac. The Slide App offers small businesses a chance to have this ability to look at both what has been and what will be, all on their mobile devices.

Data 184

Data Fintech Mobile Analysis 184

Perficient

JANUARY 7, 2021

From retail to consumer goods, online and mobile sales are up significantly. Mobile apps. These were neat projects that focused on its website, mobile app, and charging station interfaces. What about the tax incentives and credits? People are more comfortable than ever transacting digitally. Personalized communications.

Marketing 309

Marketing Industry Mobile Massachusetts 309

PYMNTS

MARCH 27, 2020

Under PSD2 regulations, Payment Initiation processes enable an end-user to initiate payment to a seller directly from their bank account rather than relying on a third-party payment provider to facilitate the payment.

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

JANUARY 1, 2021

Banks will need to seriously revamp their in-branch experiences to accommodate the new normal as customers are growing used to the unparalleled convenience and speed that mobile banking has to offer. regulations.”. Credit Union. The past year has been one of the most trying in recent memory for lenders as well as consumers.

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Trends Video Retail Payments 259

PYMNTS

JANUARY 15, 2021

trillion COVID-19 relief package, including an additional $1,400 stimulus checks, $400-per-week unemployment benefits, expanded paid leave and an increase in the child tax credit. New Regulations Could Push Stablecoins Into the Payments Mainstream. President-elect Joe Biden will push for a $1.9

Payments 141

Payments Taxes Retail Policies 141

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. It is likely that regulators will soon ask banks to come up with a plan.

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Conference Payments Fraud Data 195

PYMNTS

JULY 13, 2018

The current quarter included a 10-cent per share income tax expense. . Wayfair, which impacted how states may collect taxes on sales made by out-of-state sellers. . The bank has been in recovery mode in recent months, as federal regulators launched a series of investigations into consumer and commercial practices at the lender. .

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South Dakota San Francisco Indiana Wisconsin 101

PYMNTS

DECEMBER 15, 2020

Apply the local sales tax and the new total is $48.07. will go to taxes, $8.29 Although new vaccines could eventually temper that, online and mobile ordering seem unlikely to fade this winter as customers seek to dine in the comfort of their homes. Of that $65.36 paid by the customer, $44 will go to Smoke, $4.07

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California New York Taxes Illinois 227