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As Consumers Embrace eCommerce, Tax Complexity Grows

PYMNTS

The Supreme Court ruling has started the ball rolling for states and municipalities to tax eCommerce – specifically, out-of-state firms and online marketplaces. But there have already been disputes making their way through the courts, as detailed in the latest Next-Gen Sales Tax Tracker.

Taxes 150
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Wild Cards? Gambling, Payroll, Other Models Provide Fresh Fuel For Prepaid

PYMNTS

The real trick is to tie engaging consumer experiences to those cards, which is critical, as prepaid and reloadable cards continue to evolve — moving from plastic cards to mobile accounts that can adapt to an expanding portfolio of use cases, including payroll, online gambling or even consumer and business lending. Step back a bit first.

Cards 158
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What Overcoming Inertia Tells Us About The Future of Physical Retail

PYMNTS

That month, the Commerce Department reported that January sales at clothing stores had declined the most since 2009. Sales at brick-and-mortar stores for clothes, health and beauty items, sporting goods and other retail products were soft, as online commerce sales grew. And now, inertia will accelerate its inevitable decline.

Retail 291
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98
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Federal Reserve Raises 2020 Payment Services Fees By 2.4 Pct.

PYMNTS

The PSAF is “an allowance for income taxes and other imputed expenses that would have been paid and profit that would have been earned if the Reserve Banks’ priced services were provided by a private business,” per the release. From 2009 through 2018, the Reserve Banks recovered 102.6 million was also approved.

Payments 101
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Austin Is Bringing The FinTech Heat

PYMNTS

Back in 2009 when eCommerce platform BigCommerce was getting its start, Austin wasn’t considered a place where working for a startup was common. Though BigCommerce was actually founded in Sydney, Australia, Stewart said the company has had an office in Austin since May 2009 and now considers the city to be its headquarters.

Austin 100
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Bitcoin Tracker: Smooth(ish) Sailing?

PYMNTS

The IRS seeks access to Coinbase’s user records as part of an investigation into alleged tax violations connected to digital currency. Armstrong proposed that Coinbase could work with the IRS by adopting third-party tax reporting mechanisms, like the one currently used by brokerage firms — the 1099-B form.

Bitcoin 100