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Who Pays A Higher Price For Online Sales Tax?

PYMNTS

Wayfair case that allowed states and individual cities to launch tax policies aimed at remote sellers and marketplaces is still reverberating in 2019 and will likely affect online retail in 2020. In Q3 2019, 14 states started collected online sales tax and 11 more followed in October. eBay Makes a Deal.

Taxes 102
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How Grocery Retail Will Evolve In 2020

PYMNTS

As grocers test out different approaches to get products to shoppers in a more efficient manner, food retailers are betting big on small warehouses to shore up their growing delivery operations. The Jewel-Osco and Safeway chains owner is bringing on small fulfillment facilities at two stores in San Jose, Calif.

Retail 151
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Popularity of Customer Engagement Tools Reveals Weakness of Cores

Bank Innovation

SAN JOSE, Calif. — One of the major themes in the first day of Finovate Spring (aside from perennial favorite authentication) was customer engagement — having better discussions with customers in a digital environment in order to deliver more relevant products and services.

San Jose 239
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NRF On The Case For Revising eCommerce Sales Tax Laws

PYMNTS

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. The 2018 South Dakota v.

Taxes 101
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PayPal Sells Consumer Loans to Long-Time Partner Synchrony Financial

Bank Innovation

Yesterday, the San Jose, Calif-based PayPal said it agreed to sell $5.8 Payments company, PayPal will sell its U.S. consumer loan portfolio to Synchrony Financial. billion in consumer credit receivables to Stamford, Conn-based Synchrony Bank, a unit of Synchrony Financial. Synchrony Bank has been PayPal’s banking partner since 2004.

San Jose 199
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eBay Repurposes LA Gas Station For Authentication Drive-Thru

PYMNTS

The online marketplace sold more than two million watches last year; 54 percent of the inventory is pre-owned. eBay was founded in 1995 in San Jose, California by Pierre Omidyar , who became a billionaire at the age 31 when the marketplace went public in 1998. Rolex accounts for 40 percent of luxury watch sales on eBay.

San Jose 246
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Fiserv Ratchets Up R&D Spend, CEO Says

Bank Innovation

SAN JOSE, Calif. — Fiserv has increased its research-and-development spending to 7% of revenue this year, up from 5% last year, CEO Jeff Yabuki said at the Bank Innovation 2017 conference here on Monday. In 2016, Fiserv recorded $5.5 billion in revenue — which means somewhere around $385 million flowing into tech.

San Jose 170