PYMNTS

JANUARY 4, 2019

A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports. Cryptocurrency, however, is more than just an asset that stores value.

cryptocurrency 163

cryptocurrency New York New York City Study 163

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. .

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

JANUARY 7, 2020

China’s Guangdong province has launched a blockchain financing platform for small and medium-sized businesses, backed by OneConnect , a Chinese FinTech recently listed on the New York Stock Exchange, according to a press release. . In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding.

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

PopularBank

OCTOBER 28, 2020

Popular”) (NASDAQ: BPOP), bank holding company of Popular Bank, today announced Popular Bank’s strategic realignment of its New York Metro branch network. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc.

Puerto Rico 52

Puerto Rico New York Metro Community 52

PYMNTS

JULY 21, 2020

Tisch recommended Congress extend the Paycheck Protection Program (PPP) at least until the end of the year, adjust the tax code, reinstate the business meals deduction and adopt a tax credit for travel. On whether the sector will see bankruptcies, he said 20 percent of New York’s hotels will not reopen.

Taxes 189

Taxes Survey New York Security 189

PYMNTS

JULY 15, 2019

With a liquidity crunch brought on by a rise in rent at its flagship in New York City, Barneys New York is reportedly preparing for a bankruptcy filing. According to previous reports from the outlet, that nearly wiped out earnings prior to tax, interest, amortization and depreciation.

New York City 109

New York City New York Retail Taxes 109

PYMNTS

FEBRUARY 21, 2020

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. She’s alleging the city profited by that same amount selling medallions and by collecting a 5% tax on third-party transfers.

Fraud 223

Fraud New York City New York Taxes 223

PYMNTS

JANUARY 24, 2019

A server running an Elasticsearch database contained sensitive data from as far back as 2008 that included loan and mortgage agreements, repayment schedules and other financial and tax documents. The database, which is believed to have been exposed for two weeks, was discovered by independent security researcher Bob Diachenko.

Taxes 155

Taxes New York Security Data 155

PYMNTS

DECEMBER 15, 2020

Six weeks after securing passage of the Proposition 22 ballot measure that overturned a California law requiring part-time workers to be reclassified as employees, two of its biggest backers have rolled out new fees to offset expenses related to additional worker benefits. Apply the local sales tax and the new total is $48.07.

California 227

California New York Taxes Illinois 227

PYMNTS

DECEMBER 27, 2020

Securities and Exchange Commission approved a plan by the New York Stock Exchange to approve “direct” listings by companies, which let companies come to market without the underwriters (typically) large banks that charge hefty fees to bring the deals to the Street and reach institutional and retail investors.

New York 270

New York US Examples Training 270

PYMNTS

OCTOBER 24, 2019

The closure of New York-based payroll processing firm MyPayrollHR left some 8,000 people and about 400 companies without their paychecks. Now, small business owners are struggling to make up thousands of dollars in tax payments that vanished or are in limbo , Chicago’s Daily Herald reported Tuesday (Oct. 28 and Sept.

Fraud 102

Fraud New York Illinois Taxes 102

PYMNTS

JUNE 19, 2017

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. was about $594,000.

New York City 108

New York City Taxes New York Operations 108

PYMNTS

AUGUST 13, 2019

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

Data 116

Data Seattle Security Regulation 116

PYMNTS

JANUARY 15, 2021

These violations, said FinCEN, “caused millions of dollars in suspicious transactions to go unreported in a timely and accurate manner, including proceeds connected to organized crime, tax evasion, fraud, and other financial crimes laundered through the bank into the U.S. financial system.”.

Capital 268

Capital New Jersey Groups New York 268

PYMNTS

DECEMBER 12, 2018

The news is another complication for Amazon in a city where it plans to build a brand-new campus. One point of contention is the fact that some New York City politicians were shut out of negotiations with Amazon held by the governor and mayor. Amazon plans to invest $2.5 an hour and commutes four hours a day to work.

New York 108

New York New York City social media Taxes 108

PYMNTS

NOVEMBER 23, 2018

The moves were announced by the attorneys general of Pennsylvania and New York, Reuters reported. By working collaboratively with these retailers, we’ve created a way for businesses to take proactive steps to prevent scams,” New York State Attorney General Barbara Underwood said in a statement.

Fraud 156

Fraud Cards Retail New York 156

PYMNTS

AUGUST 13, 2019

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

Data 109

Data Seattle Security Regulation 109

PYMNTS

AUGUST 21, 2020

Publishers’ Letter Spotlights ‘Apple Tax’ – and Digital News Delivery. Several publishers – including The New York Times and CNBC – petitioned Apple’s CEO Tim Cook to offer a commission structure similar to the one given to Amazon. New Report: How Behavioral Analytics Help FIs Block Fraud at the ITM.

cryptocurrency 159

cryptocurrency Maine Boston Analytics 159

PYMNTS

OCTOBER 21, 2020

The hackers published the contribution in addition to tax receipts for 0.88 Bitcoin has been on a steady rise over recent weeks, driven partly by the news of Square's $50 million bitcoin buy, and perhaps more substantially because of recent comments from U.S. in bitcoin ( valued at approximately $10,515 as of 7:04 P.M.

Bitcoin 234

Bitcoin New York Taxes Report 234

Chris Skinner

MAY 21, 2017

The main line repeated throughout … This week’s major headlines include … BBC fools HSBC voice recognition security system – BBC A reporter’s twin foiled the HSBC security measure by mimicking his brother’s voice. One song that brought back memories of this era played on the radio the other day: Ghost Town.

Survey 185

Survey New York Leadership Conference 185

Independent Banker

APRIL 30, 2022

3-yr average pre-tax ROA. Cumberland Security Bank, Inc. First Security Bank of Deer Lodge. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. Quite the opposite, really—we often choose to lag behind competitors in offering new products and services purely due to barriers to entry from a pure cost standpoint.

Community Bank 172

Community Bank Community Montana Taxes 172

PYMNTS

JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. The IRS has accepted digitally filed tax documents and issued digital refunds for years, and it received approximately 29 million electronic returns via direct deposit between February 2018 and February 2019.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

FEBRUARY 20, 2019

At the end of last year, the company submitted paperwork for an initial public offering to the Securities and Exchange Commission (SEC), and it’s expected to make the actual IPO filing next week, naming Nasdaq as the listing exchange. The NYSE listed a few marquee companies in 2017, including Spotify and Snap. billion by 2019.

New York 116

New York Taxes Company Security 116

PYMNTS

MAY 12, 2016

office were facilitating tax evasion and money laundering. regulators didn’t seem inclined to take any real steps toward looking into the claims about BSI’s role in tax evasion at the time. A former employee at Swiss bank BSI, who worked at the bank’s U.K. But as the FT’s reports showed, U.K.

Taxes 100

Taxes Fraud Regulation New York 100

PYMNTS

AUGUST 28, 2019

It’s a debate with significant implications for lawmakers in areas like minimum wage and tax policy. Labor Department classified these gig workers not as employees, but as contractors, in a case that enabled an unnamed company hiring these gig workers to not have to pay federal minimum wage, overtime or Social Security taxes.

California 116

California Taxes Industry New York 116

PYMNTS

JANUARY 22, 2018

According to an article in The New York Times on Sunday (Jan. Yet the government continues to expand use cases for the Aadhaar, such as in filing tax returns; and oftentimes online merchants have demanded the ID be in place, Khera said. Is India’s push for biometric IDs a bust?

Fraud 145

Fraud New York System Taxes 145

PYMNTS

MARCH 9, 2020

“Now, the actors involved are a lot more sophisticated and share intelligence and organized networks,” said Michael Driscoll, who is the special agent in charge of cyber-and-counterintelligence at the FBI’s New York unit. million, a reflection of how B2B invoices can be used to defraud government entities, too.

San Diego 141

San Diego Fraud New York Report 141

Abrigo

DECEMBER 18, 2023

Banks and thrifts hold half of all outstanding CRE debt through the second quarter, with insurance companies accounting for 12% and commercial mortgage-backed securities holding 14%, according to Trepp. Larger cities seem to be stuck in this new world, while smaller cities seem to be recovering,” Kirby said. They’re not your hometown.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. With the order, exchanges and offerings for tokens would need the SC’s approval. million between 2015 and 2017 through the Finnish bitcoin exchange.

Bitcoin 108

Bitcoin Regulation New York Video 108

PYMNTS

MARCH 23, 2020

And in a scattering of cases, those with rather large wallets may be seeking temporary new digs beyond urban areas, to skirt crowds and microbes. The New York Times reported last week that at least some New Yorkers may be fleeing the city for the Hamptons.

New York 183

New York Course Massachusetts Industry 183

PYMNTS

JULY 31, 2017

But if action was what one was looking for — where things actually progressed or were accomplished — payments and commerce would have been a better bet for news consumption. Wells Fargo takes the security and privacy of our customers’ information very seriously,” the banking firm said in a statement according to the report. “We

Taxes 100

Taxes Data Security Report 100

PYMNTS

MARCH 13, 2017

Good news is ahead for those suffering from low FICO scores — according to reports this morning, civil judgements and tax liens will by and large be coming off of consumer credit reports. Great news for buyers — possibly risky news for lenders. Many liens and judgements do not include all of that data.

Report 111

Report Data Taxes New York 111

PYMNTS

DECEMBER 20, 2019

As city councils all over the nation get a hankering for MOA tax revenue, the category just keeps growing and evolving. Uber Co-Founder Travis Kalanick has even secured $400 million to develop his new CloudKitchens concept, which rents fully equipped cooking spaces to delivery-only restaurants in major metros. MOA is a Goer.

Mobile 131

Mobile Fraud New York City Metro 131

PYMNTS

MARCH 12, 2020

Six men were convicted by a Paris court in a $50 million impersonation plot that conned wealthy residents into giving money to help the government with covert operations involving hostages, The New York Times reported on Thursday (March 11). Gilbert Chikli, 54, was sentenced to 11 years behind bars in addition to a $2.3 million fine.

New York 141

New York Video Fraud Taxes 141

PYMNTS

JULY 6, 2020

Researchers found that furloughed employees are widely reporting that their bosses have asked them to continue to conduct their normal work duties despite being furloughed in order for their employers to secure funding. companies between April and May this year , Abnormal Security data revealed, according to Helpnet Security reports. .”

Fraud 148

Fraud Missouri California Report 148

PYMNTS

JANUARY 24, 2020

In early September 2019, reports emerged that Amazon was testing hand recognition-based payments at Whole Foods locations using its New York employees and some custom-fitted vending machines as an initial experiment. There were also New York Post reports that the technology might make an appearance at Whole Food checkouts this year.

Payments 150

Payments New York Mobile United States 150

PYMNTS

OCTOBER 18, 2019

In other news, Bermuda will now accept one-to-one U.S. dollar-backed digital currencies for the payment of government taxes, fees and services. We know that embracing new technology is necessary for the future growth of our economy, and so, in Bermuda, we are making sure that we are leading the world in facilitating innovation.

blockchain 101

blockchain Samsung Bitcoin Innovation 101