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Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO Denies Apple Card Credit Bias Claims

PYMNTS

In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve the banking industry. Security Concerns Prompt Fed To Strengthen Big Tech Oversight. South Dakota Decision. And Former U.S. Solomon said, according to reports. Wayfair case.

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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. percent tax on each imported premium cigar, limited to a maximum of about $0.40 in 2017 had a 52.75

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Elavon’s Sage Pay Acquisition, Google’s Citi Deal, Facebook Pay Top This Week’s News

PYMNTS

In a feature story, PYMNTS spoke with Wahlburgers Senior Vice President of Marketing and Innovation Dan Wheeler about how the quick-service restaurant (QSR) works to meet the security challenges inherent in the mobile order-ahead space tapping into two-factor authentication and machine learning. South Dakota Decision.

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MetaBank, Fiserv To Issue Preloaded Visa Cards For Stimulus Payments

PYMNTS

Reuters reported its sources confirmed MetaBank of South Dakota and Wisconsin-based Fiserv got the go-ahead following lobbying of the Internal Revenue Service (IRS) by payment industry groups. trillion relief package into taxpayer bank accounts who filed their 2018 or 2019 taxes electronically. The IRS still must provide 60.5