PYMNTS

JULY 1, 2020

billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. The department store retailer also recognized an $80 million long-lived asset impairment charge, according to a first-quarter financial results announcement.

Taxes 232

Taxes Retail Maine Regional 232

PYMNTS

FEBRUARY 23, 2017

That day is when the IRS hands out tax refund checks from the previous year’s tax filing. Research conducted by the National Retail Federation (NRF) and Prosper Insights & Analytics paints a much different picture for this year’s tax refund spending — or, in this case, not spending — activities. Not this year.

Taxes 100

Taxes Survey Analytics National 100

PYMNTS

MARCH 18, 2020

For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. “For For retailers, this is now about near-term survival.”.

Retail 161

Retail Groups New York City New Jersey 161

PYMNTS

APRIL 12, 2017

Identity company MorphoTrust USA looks to put a dent in tax fraud and theft by adding an additional layer of authentication security into the mix. The shift toward stronger authentication comes as tax season increasingly becomes the biggest holiday of the year for fraudsters. Magee, commissioner of the ADR.

Alabama 101

Alabama Taxes Fraud Florida 101

PYMNTS

NOVEMBER 23, 2018

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. The retailers have stepped up their training, too, in an effort to aid workers in identifying scams.

Fraud 156

Fraud Cards Retail New York 156

PYMNTS

NOVEMBER 30, 2020

Fraudsters have redoubled their attacks on eCommerce channels, however, making consumers more concerned about data security. Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach.

Cards 151

Cards Security ATM Data 151

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. billion raised.

Bitcoin 123

Bitcoin Taxes cryptocurrency Regulation 123

PYMNTS

AUGUST 20, 2019

Instagram is inviting a group of security researchers known as white hat hackers to stress-test its Checkout feature before it launches outside the United States. Checkout by Instagram includes participation by PayPal and its retail partnership program.

Security 116

Security social media United States Taxes 116

PYMNTS

OCTOBER 14, 2019

In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project. The Internal Revenue Service (IRS) now has a question on crypto ownership on its 1040 income tax form.

Taxes 109

Taxes blockchain Bitcoin social media 109

PYMNTS

DECEMBER 27, 2019

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. . Uber was ordered to stop securing business in Colombia via its popular ride-hailing app. A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws.

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

DECEMBER 17, 2020

Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. Twenty-two percent of Americans have reported being targeted by pandemic-related fraud, for example, such as schemes involving fake personal protective equipment (PPE) merchants or fraudsters impersonating tax officials.

Fraud 255

Fraud Online Retail Examples 255

PYMNTS

APRIL 16, 2018

retail sales bounced back a bit in March, according to figures just released by the Commerce Department, The Wall Street Journal reported. After retail pulled back so sharply following the heavy-spending holiday period, what stimulated the speed up last month? After looking sluggish in the first few months of the year, U.S.

Retail 110

Retail Taxes National Trends 110

PYMNTS

JULY 2, 2020

As it starts to consider the holiday season in the age of social distancing, Macy’s Chairman and CEO Jeff Gennette noted on a recent call with analysts that the retailer is mulling all of its available options for Black Friday. The retailer also recognized a long-lived asset impairment charge of $80 million, per its Q1 financial results.

Retail 211

Retail Taxes Security Marketing 211

PYMNTS

MARCH 16, 2017

Commerce Department posted the lowest growth in retail sales seen in the past six months on Wednesday (March 15). percent in the second month of 2017, while only four of the 13 major retail categories included in the department’s numbers saw growth during the month of February. from nonstore retailers ) rose considerably, up 1.2

Retail 100

Retail North Carolina US Charlotte 100

PYMNTS

APRIL 21, 2017

Though much attention these days is given to the plight of retail in a digitizing world, in his fireside chat with Karen Webster at Innovation Project (IP) 2017, Paul Galant gave IP delegates a critical retail reality check. That doesn’t mean that retail hasn’t changed — or isn’t in fact changing as you read this.

Retail 103

Retail Innovation Maine Payments 103

PYMNTS

JANUARY 2, 2020

5,000 a day, and the new rule was brought forward through the Income Tax Rules of 2019, with the idea of boosting more digital transactions as well as supporting NPCI, which is a not for profit organization. RuPay is a payment network offered by National Payments Corp. The fine for non-compliance is going to be ?5,000

Cards 130

Cards blockchain Cyber Security Retail 130

PYMNTS

FEBRUARY 29, 2016

Last week, Sears CEO Edward Lampert got personal as he went into detail about the retailer’s continuing woes and the challenges it (and many other “old-line” retailers like it) face in a rapidly changing industry. According to a new projection from National Retail Federation, retail sales are estimated to grow just 3.1

Retail 100

Retail Branding Taxes Operations 100

Abrigo

SEPTEMBER 12, 2019

The Federal Trade Commission’s latest round of warning letters to companies selling products containing cannabidiol (CBD) is a reminder to financial institutions to tread carefully as they look into the possibility of providing banking services to cannabis-related retailers and other cannabis-related businesses (CRBs).

Retail 150

Retail Policies Regulation Compliance 150

PYMNTS

MARCH 18, 2020

As shops shuttered to curb the coronavirus’ spread, the HDE retail association of Germany asked for the government to provide tax relief and state aid as soon as possible to prevent companies from going out of business, Reuters reported. Here are the latest updates on the coronavirus around the world. billion) weekly or 1.15

Taxes 130

Taxes National Report Retail 130

South State Correspondent

JANUARY 25, 2024

For security reasons, banks will start to create “companion accounts” that will give the large action models particular access that the user controls to include a set of limits. For example, the LAM will be secure and will have access to a user’s driver’s license, photo, tax records, and W-2s.

Examples 370

Examples Security User Experience Data 370

MyBankTracker

MAY 20, 2020

That is, it can feel like a windfall of cash – until, that is, you realize you need to report taxes on the interest earned. Still, while the tax part may not be loads of fun, it’s always nice to end up with some unexpected cash. savings bonds that were issued on paper or electronically, and how to report it on your taxes.

Taxes 52

Taxes How To Report Course 52

PYMNTS

NOVEMBER 6, 2020

Walmart, the world’s largest brick-and-mortar retailer, announced Friday (Nov. 6) it would sell its retail operations in Argentina to Grupo de Narváez, a top South American supermarket chain. Walmart did not disclose the price of the deal, but it did report to the U.S.

Retail 152

Retail Taxes Regional Operations 152

PYMNTS

APRIL 26, 2017

In an increasingly complex consumer landscape, creating a coherent retail strategy requires synthesizing hundreds of data points on industry, consumer and competitor trends. Other days, I spend looking at partners that, when combined with our services, could add something to the retail ecosystem that the world doesn’t even know it needs yet.

Strategy 100

Strategy Retail Online Data 100

PYMNTS

FEBRUARY 16, 2018

PepsiCo turned some heads with its quarterly earnings call announcement that it would take some of its tax reform windfall and reinvest it in improving the firm’s eCommerce efforts. And the numbers in this regard don’t lie: Physical retail is growing at a rate of about 3.6 According to PepsiCo CEO Indra K.

Retail 124

Retail Branding Mobile Strategy 124

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. Retail and multi-family CRE opportunities Similarly, retail CRE has been painted as too risky because of online sellers’ growth.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

MARCH 15, 2019

As BBVA Executive Chairman Carlos Torres seeks to ease the concerns of retail investors, the company official said it could take months to complete an inquiry into alleged spying involving the bank. The report is a response to alleged finance-related crimes and high-profile money laundering cases in the region.

Taxes 116

Taxes Regional Report Retail 116

PYMNTS

MAY 31, 2018

Tencent has a retail joint venture, Amazon is changing how it does business in Australia and Sears hits another low. Tencent Partners For ‘Smart Retail’. The online retailer will make Australians use its Australia site instead of its larger U.S. site, but the change comes amid a new sales tax on imported goods.

Retail 100

Retail Taxes Security Online 100

PYMNTS

SEPTEMBER 8, 2020

Should I leverage the online capabilities?’ — taxes that budget,” Gauthier said. He said retailers and service providers need to address such anxieties as they sketch out their digital and omnicommerce strategies and think about what new tech to put in place. Should I send my kids to school or not? Gauthier said.

Innovation 223

Innovation Retail Millennials Tools 223

PYMNTS

NOVEMBER 10, 2017

Security camera or no security camera. ” For the much larger set who said, “no thanks,” privacy and security topped the list of concerns. ” For the much larger set who said, “no thanks,” privacy and security topped the list of concerns. But ready or not, the Key has started shipping.

Retail 100

Retail New Jersey Taxes Virginia 100

PYMNTS

JUNE 6, 2019

Changes in lease accounting standards have led top retailers and restaurant chains in the U.S. to significantly increase their liabilities, leaving some investors caught off guard, according to Bloomberg Tax reports Wednesday (June 5). On the retail side, Nordstrom posted a nearly 25 percent increase in liabilities.

Taxes 108

Taxes Analytics Policies Retail 108

PYMNTS

MARCH 23, 2020

Officials are warning of a rise in phishing attacks, while retailers have also been warned about fraud risks, with Amazon recently removing 1 million products for allegedly making fraudulent claims, recent Forbes reports said. Secret Service Department of Homeland Security wrote in a warning published earlier this month.

Philadelphia 178

Philadelphia Fraud Taxes Survey 178

MyBankTracker

AUGUST 11, 2020

Acima is a financing solution if you’re looking to buy appliances, mattresses, car tires, and other retail purchases. Once you find what you’re looking for, Acima will purchase the merchandise from the retailer and then rent it to you. ” You can apply online or in-person at the retailer’s store.

Retail 52

Retail Cards Wisconsin Security 52

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

FEBRUARY 26, 2020

Software developer and Ukrainian native Volodymyr Kvashuk, 25, from Renton, Washington, worked for Microsoft from 2016 to 2018, and was tasked with testing Microsoft’s online retail sales platform. On fake tax returns, he said the bitcoin was gifted to him from a relative. million in bitcoin.

Fraud 207

Fraud Bitcoin Washington Taxes 207

PYMNTS

JUNE 22, 2020

By detecting behavioral anomalies, CartWatch provides a strong layer of security for mobile checkout. It supports all types of pricing, promotions and tax rules. Second, it allows retailers to better communicate with customers as they shop. The company also offers a second set of newer products.

Retail 212

Retail Mobile Maine Technology 212

PYMNTS

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. He was ordered to pay $133,777.

Taxes 134

Taxes Fraud Operations Security 134

PYMNTS

MAY 8, 2020

We also believe that this crisis will likely accelerate the trend of bank branch transformation as several leading retail banks have already closed significant portions of their branch locations, and it is unclear how many of these will reopen when the pandemic has passed.” . Cardtronics reported GAAP net income of $5.8 million, or $0.13

ATM 131

ATM NJ Houston Operations 131