PYMNTS
AUGUST 4, 2020
ProPublica reported the DOJ has raised questions about potential antitrust issues if Intuit, the maker of TurboTax, takes over its former rival that offered free tax preparation tools. Senator Ronald Wyden (D-Oregon) raised similar concerns. Intuit dominates online tax preparation with a 67 percent market share in 2019.
PYMNTS
JANUARY 10, 2017
Low-income consumers are far more likely to find it difficult to secure mainstream credit sources and are thus much more likely to make use of high-cost alternative credit sources when financial emergencies hit, often in the form of a payday, title, tax refund anticipation or installment loan. SNAP online . It doesn’t stop there.
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PYMNTS
JANUARY 22, 2020
Fifty-one percent of United States consumers stated in the most recent PYMNTS Disbursements Satisfaction Report that they would prefer to receive tax refunds, child support payments and other government payments through instant payout methods. Instant payments are lauded for their convenience, ease and most importantly, for their speed.
PYMNTS
JUNE 21, 2019
The aim is to create “an online system where digital currency could be sent and received.” Among the reasons for that, according to the bill and that analysis, is to make it harder for legal retail marijuana dispensaries to avoid paying local and state taxes — always a major concern for any industry dominated by cash. Sales Growth.
PYMNTS
MARCH 13, 2020
In Oregon, Mastercard is working with a department of revenue officials to improve their direct deposit architecture, while in Idaho the desired improvement is a wider project that would tie tax, healthcare and other types of public disbursements into an online platform. “We
PYMNTS
APRIL 27, 2016
There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. Now legal in 23 states, with recreational use also legal in Alaska, Colorado, Oregon and Washington, marijuana is very much still a cash-based business.
PYMNTS
JANUARY 3, 2017
Some observers noted that revenue from overdraft fees now outpaces that from pawn shops, payday lenders and tax-refund anticipation cheques put together. “[Overdrafts] allow customers to spend money they don’t have — then punish them for it,” notes Josh Reich, co-founder and CEO of Simple, an online bank based in Portland, Oregon.
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