PYMNTS

MARCH 12, 2020

The founder of IOTA is repaying victims of a wallet hack earlier this year to “preserve” the runway of his endeavor, CoinDesk reported. Digital currencies, for their part, are seen as a property type and an asset when it comes to capital gains tax.

Security 130

Security Bitcoin Taxes United States 130

PYMNTS

FEBRUARY 16, 2020

Facebook is something in between a newspaper and a telecommunications company, said CEO Mark Zuckerberg , and he wants it to be regulated accordingly, The Wall Street Journal reported. He has recently signaled that he would support Facebook paying higher taxes in Europe.

Guidelines 131

Guidelines Regulation How To social media 131

Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs. Drink in the hand?

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

PYMNTS

APRIL 18, 2019

A new technology protocol announced by corporate accounting and auditing firm Ernst & Young (EY) aims to secure transactions made over public Ethereum blockchain. The solution aims to help enterprises and investors to conduct private, secure transactions on a public blockchain.

blockchain 167

blockchain Security Tools Taxes 167

PYMNTS

MARCH 14, 2016

Hence the revelation by the Online Trust Alliance (OTA) that almost half of 13 “free” E-File tax sites recommended by the IRS fail OTA’s rigorous security testing. The sites were scored in three categories: consumer protection, site security and privacy, with 100 points possible in every category.

Taxes 100

Taxes Security Survey Online 100

PYMNTS

JANUARY 24, 2021

Business software maker Cygnet Infotech has updated its FACE ( Financial Accounting Comprehensive and Easy ) accounting software platform, according to a published report. The update to the FACE offering comes 19 months after the offering debuted, the report stated.

Taxes 178

Taxes Compliance Software Fraud 178

PYMNTS

NOVEMBER 11, 2019

The state of Missouri is reportedly considering a ban on cash tax payments, a move that has raised concerns for local legal marijuana businesses that are struggling to obtain banking services and relying on cash to remain in operation. On a national level, the U.S.

Taxes 101

Taxes Missouri Payments National 101

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. A report found that the U.S. Smaller companies were less likely to report investing in and using AML technologies. imposed a full $23.52

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

JANUARY 26, 2018

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride. Easy come, easy go, in crypto-driven enrichment.

Bitcoin 123

Bitcoin Taxes cryptocurrency Regulation 123

PYMNTS

MARCH 6, 2019

Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. A recent report from CFO.com shed light on another factor driving accounting and financial transparency within corporate America.

Report 139

Report Leadership Regulation California 139

PYMNTS

DECEMBER 29, 2020

A small Spanish city has debuted an “Elio” digital currency to help with transactions, Finance Magnates reported. The council has made a digital wallet for the digital currency, according to an official cited in the report. Securities and Exchange Commission's suit against Ripple and two of its executives. Pacific Time on Jan.

Bitcoin 233

Bitcoin Taxes New York Report 233

PYMNTS

MAY 19, 2020

BlockFi suffered a “temporary data breach” on May 14 that exposed some customer information, the company reported in an incident report. In other news, the government of Iran is aiming to limit digital currency exchanges with so-called “currency smuggling” regulations, CoinDesk reported.

Data 212

Data Bitcoin cryptocurrency Taxes 212

PYMNTS

SEPTEMBER 9, 2016

Facebook’s WhatsApp, Apple’s FaceTime and Skype are all on the European Commission’s list, which would include tightening security regulations. Regulatory changes are anticipated to include how security breaches are reported, as well as backup plan maintenance and other service policies. tech firms.

Regulation 100

Regulation Policies Apple Security 100

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. dollars, The Telegraph reported. With the order, exchanges and offerings for tokens would need the SC’s approval.

Bitcoin 108

Bitcoin Regulation New York Video 108

PYMNTS

JULY 24, 2018

Turns out the debate over whether it is or isn’t a security is having a knock-on effect: It’s making the XRP token’s price less than … well, secure. As reported by Express in the United Kingdom, there are rumors afoot in crypto land. Rumors that the token can and will be classified as a security here in the States.

Security 101

Security California Bitcoin Taxes 101

PYMNTS

JANUARY 19, 2018

Fizzle of the Week: Cryptocurrency Regulation. The saga over bitcoin and its relationship to various regulators has become something of the payments answer to a romantic comedy. But the idea that regulators can wave a wand and make bitcoin go away? Easy come, easy crypt-go, it seems. They may have some luck. As for next week?

Bitcoin 123

Bitcoin Regulation cryptocurrency Taxes 123

PYMNTS

MAY 19, 2020

The Security Service of Ukraine is reportedly holding a hacker for allegedly selling a database with 773 million email addresses and 21 million unique passwords, CoinDesk reported. Meanwhile, BlockFi suffered a “temporary data breach” on May 14 that exposed some customer information, the company reported in an incident report.

Bitcoin 148

Bitcoin cryptocurrency Taxes Security 148

PYMNTS

AUGUST 2, 2019

In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ).

blockchain 148

blockchain Fraud Data Report 148

PYMNTS

JANUARY 21, 2020

After a ruling by a location regulator that the firm wasn’t fairly engaged in competition, Uber Technologies Inc. is asking for the Colombian government to put emergency regulations into place to enable its ridesharing service to continue running. Colombia stayed behind.”.

Regulation 130

Regulation Taxes America Policies 130

PYMNTS

AUGUST 9, 2020

A plan by India to regulate what it terms “non-personal” data has roiled the executives of Big Tech companies like Amazon , Facebook and Google and advocates for freedom and competition in business, Reuters reported. The idea is for the companies to share data so as to spur research, national security and policymaking.

Data 168

Data US Washington Regulation 168

PYMNTS

JANUARY 16, 2019

The CBA pilots, as reported by CoinDesk and other sites, were tied to the issuance of letters of credit and securities. 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. IoT Gains Traction With Blockchain.

blockchain 206

blockchain Taxes Security Survey 206

PYMNTS

SEPTEMBER 12, 2019

A report found that the U.S. billion — 91 percent — of those penalties, while European regulators demanded $1.7 FinTechs could face these same financial pains as regulators increasingly demand that they follow the compliance rules to which FIs must adhere. Financial Companies’ Security And Regulatory Obligations .

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. TaxBit was founded by software developers, tax attorneys and CPAs to automate and simplify tax compliance for crypto users. ” TaxBit will use the funding to speed up customer growth, and make its products better.

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept. This in the wake of the OCC’s Sept. The Pandemic Pop.

cryptocurrency 323

cryptocurrency Regulation Trends Bitcoin 323

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

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

JUNE 9, 2019

Reuters reported Lagarde said that technology companies’ use of big data and AI i ncreases big tech companies’ dominance in the mobile payments market, which could result in policymakers around the world rethinking how they regulate the banking system and how they ensure financial settlements are made safely and securely. “A

Industry 190

Industry Big Data Fintech Taxes 190

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

AUGUST 5, 2020

Helium 10 has launched its new Alta program, which will let Amazon sellers access “robust digital wallet, rapid approval credit lines, daily advances on Amazon payments, international direct payment and tax management,” according to a press release. ”

Taxes 147

Taxes Capital Payments Management 147

PYMNTS

FEBRUARY 24, 2020

In Europe, the continued evolution of data policies and regulation now point toward a single market across the Continent. As reported mid week, the European Commission is planning a single European market for data , in hopes that by pooling talent, the region can compete with Big Tech in Silicon Valley and China.

Data 130

Data Marketing Taxes Regulation 130

CFPB Monitor

JANUARY 9, 2020

The New York Department of Financial Services has sent a letter to the institutions that it regulates requiring each such institution, by February 7, 2020, to provide to DFS a description of its “plan to address its LIBOR cessation and transition risk.” (LIBOR is the acronym for the London Inter-Bank Offered Rate.).

Regulation 78

Regulation New York Management Taxes 78

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Corporate buyers that have gathered enough information on potential business partners then need to answer to regulators.

Data 166

Data Management Taxes Meeting 166

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

US 227

US Cyber Security Security National 227

Abrigo

JANUARY 17, 2023

Takeaway 1 Many financial institutions used a customer portal for PPP, but once the program ended, went back to old manual processes, Takeaway 2 Automating lending provides a secure portal between the bank and customer and automated workflows that speed origination. The customer portal for requesting financials and tax returns.

Lending 195

Lending System Customer Experience Case Study 195

PYMNTS

FEBRUARY 23, 2018

Citigroup disclosed in a filing with the Securities and Exchange Commission (SEC) on Friday (Feb. As noted by Reuters , and, in an additional statement from Citigroup, the banking giant — which is the third-largest card lender in the United States in 2016, according to the Nilson Report — disclosed the extent of the impact: 1.75

Cards 109

Cards United States Regulation Taxes 109

PYMNTS

AUGUST 13, 2019

Companies that opt to pay employees in crypto will be able to deduct tax under the country’s pay-as-you-earn income tax scheme. Securities and Exchange Commission ( SEC ) has delayed a decision on approving two bitcoin exchange-traded funds. The ruling excludes the self-employed from earning incomes in digital currencies.

Bitcoin 123

Bitcoin Taxes cryptocurrency blockchain 123

PYMNTS

SEPTEMBER 14, 2018

Securities and Exchange Commission (SEC) claims that two high-frequency traders routed millions through Citi Match, while the firm allegedly told clients that they were not using the service, Financial Times reported. million accounts have been affected and $335 million is being refunded to consumers, it was reported at the time.

United States 134

United States Taxes Regulation Cards 134