PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Not only do regulations vary from jurisdiction to jurisdiction, but the consequences of non-compliance vary greatly, too. There are also an “extremely high number” of tax rules.

Compliance 146

Compliance Marketing Taxes Groups 146

Abrigo

MARCH 3, 2021

In February, FinCEN released an advisory, Financial Crimes Targeting COVID-19 Economic Impact Payments ( FIN-2021-A002 ), alerting financial institutions to the potential for fraud, ransomware attacks, or similar types of criminal activity related to COVID-19 stimulus relief related to the Economic Impact Payments (EIPs).

Fraud 195

Fraud Payments ATM Trends 195

PYMNTS

MAY 8, 2020

Online gambling companies appear to be weathering the pandemic better than their brick-and-mortar cousins, but an environment in which gambling occurs online requires payments to shift as well. This year was expected to be lucrative for online sports betting as it is the first since those regulations were created. experiences.

Online 176

Online Industry New Jersey Pennsylvania 176

PYMNTS

OCTOBER 10, 2017

Digitization of B2B payments is on the rise, but the trend is challenged by discrepancies across geographic markets, according to the latest World Payments Report by Capgemini and BNP Paribas. But, despite the increased use of digital payments, cash remains king, especially for low-value transactions. Regional Trends.

Payments 124

Payments Regional America Trends 124

PYMNTS

NOVEMBER 20, 2020

Lower tax rates, currently in place but likely to sunset in the Biden administration, may spur more deals. And digital remains a siren call for banks of all sizes, and for regional players. Read More On Mergers: Wardrobe Expands Reach In Closet-Sharing Economy With Rent My Wardrobe Merger Today In Payments: PNC Advances $11.6B

California 283

California Regional Google Guidelines 283

Bank Innovation

MAY 11, 2017

PSD1 was about increasing payments competition and reducing cost. 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.

Regulation 252

Regulation Regional Apple America 252

PYMNTS

NOVEMBER 21, 2016

But how does global expansion affect the payment processes that keep these contractors and freelancers invested? Often it’s these outbound payments that trip up firms as they seek scale and balance in new locations, driving them into uncharted regulatory territory. The gig economy is gaining traction all around the world.

Payments 100

Payments New York City Regulation Taxes 100

PYMNTS

AUGUST 5, 2019

Expanding operations to reach customers like these requires that businesses not only offer appealing products and services, but also provide payment experiences that are both convenient for consumers and easy for the companies to manage. Selling to overseas subscribers means businesses must handle payments in multiple currencies.

Payments 115

Payments Compliance Operations System 115

PYMNTS

DECEMBER 14, 2020

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

Google 132

Google social media Compliance Regulation 132

CFPB Monitor

OCTOBER 25, 2022

The Remittance Transfer Rule (“Remittance Rule”), Subpart B of Regulation E, 12 C.F.R. §§ 1005.30 sent a letter to CFPB Director Rohit Chopra to request that the Remittance Rule be modified to require transfer providers to disclose the true cost of remittance payments so consumers can comparison shop. Senators Elizabeth Warren (D-Mass.),Dianne

Comparison 78

Comparison Hawaii Regional Resources 78

PYMNTS

JANUARY 16, 2019

The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region.

blockchain 206

blockchain Taxes Security Survey 206

PYMNTS

DECEMBER 27, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of The Emergence Of The Global Citizen. The top priority is ensuring the payment gets to the institution on the other end.

Payments 113

Payments eBook Regional Study 113

PYMNTS

SEPTEMBER 27, 2019

More complicated because the disconnect between state and federal regulation of the substance is growing wider by the year. The card networks and nationally licensed banks working across state lines would violate the RICO anti-money laundering laws if they attempted to move the payment.

Taxes 151

Taxes Compliance District of Columbia Industry 151

PYMNTS

NOVEMBER 13, 2017

Small business owners have a lot on their plates today and, depending on who one asks, top concerns range from taxes to late invoice payments. say they receive late payments at least once a month , according to new research from Concur. billion in working capital is on the books for U.K.

Taxes 105

Taxes Survey Capital America 105

PYMNTS

MAY 19, 2020

Pennsylvania reported similar numbers, with tax revenues from brick-and-mortar gambling dropping to $50.5 online gaming sites harness online payments, methods have to be licensed on a state-by-state basis, and transactions are subject to local regulations. million in March of this year from $67.5 million in March of last year.

Online 130

Online Louisiana South Dakota Mississippi 130

PYMNTS

NOVEMBER 28, 2019

Morgan Chase regional investment banking head John Richert, CEOs are expressing concerns about delivering earnings growth during increasingly uncertain times, which include slowing growth around the world, the U.S.-China One JPMorgan Chase executive says that CEOs are a bit nervous about earnings growth next year. According to J.P.

Oklahoma 125

Oklahoma Taxes Regional Industry 125

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

Abrigo

AUGUST 19, 2020

As with any global or regional disaster, illicit actors are taking advantage of the increased pool of possible victims. BSA Rules and Regulation. Top 5 Regulator Hot Topics During COVID-19 and Beyond. BSA Rules and Regulation. The COVID-19 impact is real, as is the associated isolation, anxiety, and sometimes grief.

Fraud 195

Fraud System Trends Software 195

PYMNTS

JULY 28, 2016

Airbnb , having staked its claim in urban environs, has said that it is open to market regulations in cities of scale such as Vancouver and others. The firm, according to the Canadian press, has hired Alexandra Dagg to help get ahead of efforts in various locations in Canada to tax and restrict hosting services in general.

Tennessee 100

Tennessee Taxes Regulation Regional 100

PYMNTS

MAY 22, 2017

They all hit different parts of the enterprise, too, he continued, touching accounts receivable and accounts payable, some on local and regional scales, some on a global scale. “I In accounts payable, there are questions about how, for instance, late payments may impact a company’s credit ratings.

Compliance 104

Compliance Regulation Strategy Regional 104

PYMNTS

JANUARY 1, 2021

This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and commerce business. CFOs Guide To Digitizing B2B Payments. Companies are reexamining their payment tools as they work to more swiftly and seamlessly pay vendors.

Trends 259

Trends Video Retail Payments 259

PYMNTS

APRIL 16, 2019

Parliament also passed protection for whistleblowers who bring crimes like tax evasion to light. The reforms, while proactive, have been criticized for not being enough to stop the numerous scandals plaguing banks in the region. He said the system has the potential to disrupt the existing payment services. “In

System 116

System Taxes Regional Google 116

PYMNTS

DECEMBER 8, 2016

businesses are attracted to digital invoicing for a slew of financial benefits: faster, more efficient accounts payable and reconciliation processes, a reduction in the threat of errors due to manual data entry and ability to capture early payment discounts thanks to an accelerated invoice management process. In the U.S., Still, U.S.

Compliance 100

Compliance Regulation Taxes Fraud 100

Abrigo

AUGUST 19, 2020

As with any global or regional disaster, illicit actors are taking advantage of the increased pool of possible victims. BSA Rules and Regulation. BSA Rules and Regulation. The COVID-19 impact is real, as is the associated isolation, anxiety, and sometimes grief. COVID-19-related fraud schemes are escalating at an alarming rate.

Fraud 195

Fraud System Trends Software 195

FICO

JANUARY 22, 2020

There has been a proliferation of real-time payments fraud, as new near-instant payment platforms, including person-to-person (P2P) transfers and mobile payment platforms grow across Asia Pacific. . Real-time Payments Fraud Defence Strategies. Real-time Payments Fraud: Time For Convergence.

Survey 52

Survey Fraud Payments Regional 52

Abrigo

DECEMBER 18, 2023

Certainly, one asset class, the regional mall, is quite dead,” Kirby said. CRE loan management tips Recent guidance on CRE loan modifications and workouts is evidence that regulators are concerned about managing CRE risk. Deferred maintenance and missed tax payments are other red flags for financial institutions to monitor.

Risk Management 221

Risk Management Management Lending Capital 221

BankUnderground

MAY 22, 2024

Nuri Khayal and Jonathan Loke Many households in the UK have seen their mortgage payments go up since mortgage rates started to increase in 2022. In the current environment of higher rates, the question of how much a household can comfortably spend on their mortgage payments before getting into financial distress is particularly relevant.

Survey 55

Survey Lending Policies Analysis 55

PYMNTS

OCTOBER 22, 2018

And New England isn’t the only place enjoying the autumn chill as it sets in — although we are perhaps enjoying it more colorfully with the region’s famed foliage. In payments and commerce this week, a fall chill also rolled through. They may even call iTunes cards ‘payment vouchers.’ locations at its peak. Some major U.S.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

FEBRUARY 13, 2019

Criminals can direct federal or state tax authorities to issue fraudulent tax refunds on prepaid debit cards.”. Money laundering, of course, is a constant danger that financial institutions and other payments-related firms guard against. Prepaid access cards are used by criminals in a variety of ways,” the agency said.

Cards 147

Cards Operations New York City Regional 147

PYMNTS

MAY 30, 2018

Banks in regions like Sub-Saharan Africa, India and Brazil are evolving much faster than their first-world counterparts. Most of them focus on meeting regulations before rolling out new tech, while developing nations are wasting no time getting solutions into the hands of the average person.

Capital 109

Capital Innovation National Marketing 109

PYMNTS

JANUARY 31, 2020

If there were a theme in the big headlines this week in payments, financial services and commerce, it would have been movement. Making sense of all the motion in the payments and financial services ocean this week with Karen Webster is RS2 CEO Daniela Mielke to help separate the actual impactful from the mere hype prone.

Bitcoin 100

Bitcoin Payments Los Angeles blockchain 100

PYMNTS

FEBRUARY 13, 2017

With old rules evolving into new ones, geographic boundaries and their own set of regulations are just some of the many complexities that add friction to the process of international business. Bullock discussed the compliance challenges of various payment scheme regulations that cross-border merchants often need to confront.

Compliance 100

Compliance Taxes Regulation Operations 100

PYMNTS

FEBRUARY 10, 2017

The region is also home to an active and fast-growing startup scene. Brussels the third wealthiest region in terms of GDP per capita due to this number being twice as high as the European average. The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016).

Capital 100

Capital Regional Innovation Fintech 100

PYMNTS

MARCH 1, 2016

And while some of these strategy revamps have been telegraphed, the numbers show some impact from regulations and investigations, as the firm posted a net loss of roughly $547 million (394 million pounds), which is far worse than a year ago at 174 million pounds. Staley, on board. Staley took the reins as CEO at the end of last year.

Operations 100

Operations Strategy United States Regional 100

PYMNTS

MARCH 21, 2018

Globalization, while supporting business growth, places new pressures and challenges on the payroll department — particularly when it comes to compliance and the need to manage regulations that continue to evolve both within and across borders. But just as regulations are changing at “light speed,” technology is too.

Compliance 109

Compliance Survey Resources Regulation 109

PYMNTS

JANUARY 30, 2018

But it’s a significant milestone nonetheless that federal regulators will be required to pay suppliers via eInvoice by the end of fiscal year (FY) 2018, meaning 19 million invoices government agencies pay every year will have to be electronic. payments system as outlined in its Strategies for Improving the U.S. Payment System report.

US 106

US Minneapolis Regional America 106

CB Insights

FEBRUARY 13, 2020

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98