PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

National 187

National Security cryptocurrency US 187

PYMNTS

APRIL 18, 2016

In what might be a blow to taxpayers seeking help on the fly, the Internal Revenue Service is mulling the idea of disallowing walk-in visits by people seeking help on their taxes or those simply looking to make payments in person, WTOP reported on Friday (April 15). This is a pilot program under consideration, said Olson.

Taxes 100

Taxes Payments Fraud National 100

PYMNTS

OCTOBER 11, 2019

But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes. When [eCommerce companies] can’t get through the language barrier, the outcome is large-scale tax evasion, whether through ignorance, or whether through deliberate actions across the world.”.

Taxes 123

Taxes Course Company Training 123

PYMNTS

OCTOBER 24, 2019

Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. Online retailers aren’t sitting still when faced with new taxes — and some are even fighting back in court.

Taxes 101

Taxes San Jose Kansas South Dakota 101

PYMNTS

JUNE 19, 2018

Kenya’s biggest mobile phone operator, Safaricom , is against a proposed tax rise on mobile phone-based cash transfers. But Safaricom’s CFO Sateesh Kamath said the tax hike would only serve to discourage the drive towards modern payments systems. The proposed tax increases also included a new “Robin Hood” tax of 0.05

Taxes 100

Taxes Mobile Maine National 100

PYMNTS

FEBRUARY 2, 2021

1, a milestone that also made Action 24/7 the only locally owned sportsbook gaming operator of four licensed by the state. “I While the instant betting and payout abilities are a positive, there is no competing with the black market when it comes to the collection of taxes. But we are growing the size of the player pool.".

Tennessee 262

Tennessee Payments social media Regulation 262

PYMNTS

AUGUST 6, 2019

5) the launch of its MTrac payment platform in the state, designed to facilitate payments down the marijuana supply chain. According to MTrac, its payments platform was developed in cooperation with “the main bank in Louisiana” that plans to provide bank account services to the state’s marijuana-related businesses.

Louisiana 135

Louisiana Payments Taxes Maine 135

South State Correspondent

MARCH 21, 2023

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. The ERC Assist Program SouthState has partnered with SmartBiz, a fintech company, and several known CPAs and ERC processors to assist banks in processing ERC payments for their small business customers. In 2020, the U.S.

Taxes 195

Taxes Community Bank Community Operations 195

PYMNTS

DECEMBER 27, 2019

It’s the end of a short holiday workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . Trackers and Reports.

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

MARCH 19, 2020

The coronavirus could lead to tens of millions of unemployed workers and could change how businesses operate. Its estimates occur as the coronavirus outbreak has made nations limit citizen movements and make sure that lockdowns are followed in some instances. The International Labour Organization (ILO) said as many as 24.7 ”

Taxes 130

Taxes National Retail Report 130

PYMNTS

AUGUST 28, 2019

While our industry is accustomed to cryptocurrencies operating 24/7/365 (like email), fiat currencies have for the most part remained shackled to ‘banking hours’ or ‘business hours.’ The sheer volume of transactions makes this a national security threat,” the party wrote in a post on its website.

Policies 116

Policies National cryptocurrency Bitcoin 116

PYMNTS

DECEMBER 10, 2020

In today’s top payments news around the world, Xoom is now offering clients in the U.S., Plus, HM Treasury is seeking input on the challenges that the sharing economy brings for value-added tax (VAT). Plus, HM Treasury is seeking input on the challenges that the sharing economy brings for value-added tax (VAT). Canada, U.K.

Payments 178

Payments Google Technology Taxes 178

PYMNTS

SEPTEMBER 9, 2020

The stimulus payments may not have done much to, well, stimulate the economy at large. A recent report by the National Bureau of Economic Research (NBER) finds that recipients of the initial $2.2 Roughly 71 percent of the respondents who answered questions about their income said they earned less than $80,000 annually.

Payments 173

Payments Survey National Taxes 173

PYMNTS

JUNE 22, 2020

Asset manager Brookfield, which owns stakes in numerous malls, is demanding retailers pay back rent even as the Toronto-based investment group has missed mortgage payments, the Financial Times reported Sunday (June 21). The tenants, who requested anonymity, said they have asked for until next year to come up with the payments.

Payments 146

Payments Retail Taxes Management 146

PYMNTS

JULY 26, 2016

For others, however, entire national economies can be affected. According to the UN Conference on Trade and Development (UNCTAD), that’s exactly what’s happening in some developing nations, in which invoice errors across Africa and South America are leading to the loss of up to two-thirds of commodity export value.

National 100

National Taxes Data Report 100

PYMNTS

JULY 3, 2018

As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints. Those that felt ready had invested in knowledge of local markets and tax codes, new tech and/or new vendors. Chargehound. DadeSystems.

National 101

National Charlotte Regional Operations 101

South State Correspondent

NOVEMBER 29, 2023

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. Many banks fall into the “recency trap.” There is a reason for this. Bank engagement is a habit.

Marketing 195

Marketing Regional National Nashville 195

PYMNTS

MAY 22, 2020

The measure limits independent contractors and the self-employed to borrow up to two months of their pay based on their 2019 income tax return or $15,385, whichever is less, toward forgiveness. If they can’t convince the SBA they met those requirements, borrowers have two years to repay it at a 1 percent interest rate.

Ohio 248

Ohio Taxes Guidelines California 248

PYMNTS

DECEMBER 23, 2019

Egypt is readying an electronic invoicing mandate for consumers to pay their taxes, an initiative that reports said will eventually expand to standardize invoicing in government procurement processes. Reports in Zawya on Monday (Dec. Reports in Zawya on Monday (Dec.

Taxes 130

Taxes Conference System Mobile 130

PYMNTS

OCTOBER 23, 2018

Canada’s mail and parcel operations under Canada Post have been hit by a worker’s strike amid ongoing contract tensions with the Canadian Union of Postal Workers (CUPW). Interac recently consolidated and added new features to its offering, including accelerated small business payment services.).

Payments 154

Payments Community Taxes Operations 154

PYMNTS

SEPTEMBER 9, 2020

Luno, which is headed by Co-Founder and CEO Marcus Swanepoel , has over 5 million worldwide clients covering more than 40 nations and almost 400 staffers, according to the announcement. In August, a large share of a group of mayors inked a deal to take payment for taxes through the country’s digital currency.

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Groups Bitcoin blockchain cryptocurrency 151

PYMNTS

MAY 22, 2019

WeChat Pay and Alipay, the Chinese digital payment apps, have been banned in Nepal due to a loss of income as a result of the services, per the government’s claims. 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.

Taxes 158

Taxes Regulation Payments System 158

PYMNTS

APRIL 30, 2018

National Small Business Week is this week in the U.S., But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. and finance experts are celebrating with new data on the state of the entrepreneurial community.

Taxes 144

Taxes America National Community 144

PYMNTS

FEBRUARY 20, 2020

Earlier this week, Japan ’s cabinet proposed a bill that seeks to, as reported by the country’s national daily, The Mainichi , “improve contract transparency” for deals struck by Big Tech firms — specifically, platform operators — and their smaller vendors. Spurring Electronic Payments.

Taxes 178

Taxes Google Apple United States 178

PYMNTS

JULY 21, 2020

Loews Hotels CEO Jonathan Tisch does not expect a return to significant national, international or business travel anytime soon, according to an interview he gave on CNBC ’s “Closing Bell.”. Tisch declined to provide occupancy rates at the two dozen luxury hotels Loews owns or operates in the U.S. It’s a challenge,” he said. “We

Taxes 189

Taxes Survey New York Security 189

PYMNTS

OCTOBER 14, 2020

21 landmark announcement that allowed national banks and federal savings associations to hold certain crypto assets for the first time. “We In addition, Voyager points out that it is licensed by FinCEN and FINTRAC and can also provide treasury desk clients with the tax and compliance reporting they need.

cryptocurrency 323

cryptocurrency Regulation Trends Bitcoin 323

PYMNTS

MARCH 15, 2019

The publication pointed to Goldman Sachs as the latest FI giant to grow operations in Mexico, after it provided a $100 million credit facility to Credijusto, a FinTech startup that makes three-year loans to small businesses. The nation’s FinTech landscape “is significantly less crowded in Mexico than it is in the U.S.,”

Lending 189

Lending Fintech National Taxes 189

PYMNTS

APRIL 14, 2020

Freelancers worldwide found themselves impacted by the new coronavirus as it shuttered businesses and stalled payments, with many gig workers now fulfilling critical roles to keep society moving as consumers retreat inside of their homes. Around The Gig Economy Payments World. How The Pandemic Is Impacting Business Regulations.

Regulation 285

Regulation Examples United States National 285

PYMNTS

JUNE 5, 2020

Citi ‘s Treasury and Trade Solutions (TTS) customers have increased their utilization of the firm’s digital banking technology, while firms globally implemented continuity plans and telecommuting to stay in operation amid the pandemic. million this March from 3.7 million in the same month last year.

Report 132

Report Online National Taxes 132

PYMNTS

FEBRUARY 13, 2020

11), Visa executives laid out a roadmap to displacing cash and checks across the global stage, digitizing payments through click to pay, tap to pay, digital wallets and cross-border flows – along with capturing a sizable slice of B2B spend, too. At its investor day presentation Tuesday (Feb. B2B Potential.

Payments 163

Payments Regional America Cards 163

PYMNTS

OCTOBER 1, 2020

Since March, over 1 million GOV.UK Verify accounts have been created, according to the release, and Mitek and Digidentity have helped millions of people create accounts over the years.

Survey 130

Survey Security Taxes Fraud 130

PYMNTS

NOVEMBER 9, 2017

One small business owner, factory operator Vinod Gupta, told CNN Money “it’s been a terrible year.”. CNN Money noted, however, that SMBs were recently hit again through India’s tax reform process, which has also caused challenges for small business owners working to adapt and comply.

Taxes 100

Taxes Maine National Tools 100

PYMNTS

SEPTEMBER 7, 2016

rail is about to introduce a mobile app-based payment system, customers are so disgusted with the rail system that they are buying cars to avoid rail travel completely. How about first establishing a functional transportation system before adding a mobile payments service? ” Well then, perhaps it’s time to re-nationalize the U.K.

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Training Operations System Mobile 100

PYMNTS

NOVEMBER 21, 2018

Analysts estimate the South African government has lost a total of about $37 billion as a result of misinvoicing in its global trade operations. A company may overstate the value of goods they import, paying that invoice to move excess funds overseas or avoid VAT or customs taxes. billion, and over-invoicing at $9.8 billion.

Taxes 122

Taxes National Report Data 122

PYMNTS

JANUARY 5, 2020

For decades, public sector undertaking (PSU) banks have largely been responsible for handling the working capital loans that many firms need for daily operations. Cash-flow-based lending relies on the inflows (sales and capital) and outflows (payroll and taxes). . In 2014, that figure had improved to about 53 percent.

Lending 130

Lending Capital National Taxes 130

PYMNTS

JUNE 1, 2020

EY said the transaction would bolster the ability of its teams to keep offering exporters and importers “operational efficiencies” via integration, automation and collaboration offerings that allow for the “seamless sharing” of data, according to an announcement.

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United States Training Management Taxes 131

Independent Banker

MARCH 31, 2022

“I’m so inspired by the professionalism, integrity and commitment of our executive committee and board of directors as we work together to serve the needs of community bankers across the nation,” says Terry Jorde, ICBA senior executive vice president and chief of staff. ICBA president and CEO Rebeca Romero Rainey echoes this sentiment.

Community Bank 239

Community Bank Community Industry Texas 239