Chris Skinner

FEBRUARY 17, 2019

Things we’re reading today include … New Zealand to target online giants with digital tax Problem gamblers are using PayPal to spend up to £150,000 a day Banks could easily stumble over Brexit and buybacks Tiger Global dumps Barclays stake in blow to Staley Russia’s Gazprombank freezes accounts of Venezuela’s … The post (..)

Taxes 150

Taxes Online 150

Accenture: Banking

MAY 30, 2019

Credit card volume and receivables continue to grow amongst the top issuing banks for the first quarter of 2019; however, the growth rate of each has been slowing compared to prior years. Loss rates increased slightly YoY, and issuer after-tax returns are strong for those that report. Issuer scorecard ($billions)—Q1 2019.

Cards 177

Cards US Taxes Apple 177

PYMNTS

OCTOBER 28, 2019

Wayfair case that allowed states and individual cities to launch tax policies aimed at remote sellers and marketplaces is still reverberating in 2019 and will likely affect online retail in 2020. In Q3 2019, 14 states started collected online sales tax and 11 more followed in October. eBay Makes a Deal.

Taxes 102

Taxes Online San Jose South Carolina 102

PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

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Retail Online Cards Data 218

PYMNTS

DECEMBER 27, 2019

Retailers that want to sell merchandise nationwide must pay attention to how each state’s tax code treats their goods. For example, products considered to be exempt medical necessities in some states might be taxed at high rates in others. 100: Minimum number of local tax codes in Alaska.

Taxes 131

Taxes Alaska Minnesota Compliance 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. Billion in 2019). For example, the Bahamian government is planning on allowing Bahamians to pay their taxes using Sand Dollars.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

PYMNTS

DECEMBER 16, 2019

Is there a better way to deal with online sales taxes ? 10B: Estimated online food delivery fees by 2023. consumers who most often access bank accounts online and via mobile. 8 percent: Rise in number of small businesses using their FIs’ mobile banking apps between 2018 and 2019. . 73 percent: Share of U.S.

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Taxes Online Mobile Data 130

PYMNTS

SEPTEMBER 4, 2019

Merchants must handle the sales tax compliance obligations of each locale from which they receive money if they want to sell online. The complexities of sales tax compliance affect business decisions by both sellers and marketplaces, according to Ted Hettich, chief sales officer at U.K. Deciphering obligations. he said. .

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Taxes Policies Compliance Retail 131

PYMNTS

NOVEMBER 29, 2019

By some estimates, total dollars spent online through the holidays should grow by about 14 percent, to as much as $143.7 And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. States have been defining their parameters for economic nexuses.

Taxes 134

Taxes South Dakota New York Nebraska 134

PYMNTS

FEBRUARY 10, 2020

Data Shows 41 Pct Hike In Ransomware Attacks In 2019. In the fourth quarter of 2019, companies paid on average $84,116 to get their files back from online thieves. Crypto Fraud Scores More Than $4B In 2019. billion in 2019, much larger than the $3 billion incurred in 2017 and 2018 combined.

US 142

US Taxes Millennials Payments 142

PYMNTS

DECEMBER 17, 2020

Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Other fraudsters are deploying phishing schemes to net their ill-gotten gains, either using the stolen data themselves or selling it online.

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Fraud Online Retail Examples 255

PYMNTS

DECEMBER 26, 2018

and China, local Chinese vendors operating in Yiwu International Trade City are upbeat about 2019. tariffs placed on Chinese exports and a crackdown on eCommerce platforms like Amazon by the European Union to stop online vendors from evading taxes, local Chinese merchants expect cross-border sales to grow.

Training 126

Training Online Taxes Operations 126

PYMNTS

FEBRUARY 23, 2020

Intuit is known for making online tax filing service TurboTax, which is used by millions of people. Credit Karma offers a number of services including free access to one’s credit score and borrowing history, alerts to potential data breaches, and tax preparation and filing. The company makes money when users use those products.

Report 180

Report Taxes Online Financial Technology 180

PYMNTS

DECEMBER 28, 2018

That means that on the brink of 2019, it remains uncertain whether the next year will look more like the best of times or the worst of times when it comes to providing consumers and small businesses (SMBs) with access to financial services — both in and outside the traditional bank-backed channels. The Two Faces Of Consumer Credit.

Millennials 145

Millennials Lending Data System 145

PYMNTS

FEBRUARY 6, 2019

More people are working, they’re making more money, their taxes are lower and their confidence remains high. The Federation is now predicting that there will be growth in 2019 of between 3.8 Based on growth of 10 to 12 percent, online sales are expected to be between $751.1 percent to $3.68 trillion, exceeding NRF’s forecast.

Retail 116

Retail Taxes National Marketing 116

PYMNTS

JULY 6, 2020

Amid a pandemic that has shuttered brick-and-mortar casinos, the burgeoning online gambling or gaming space may make it through COVID-19 with less adverse financial effects than other verticals. The health crisis came in a year that was already set to be a pivotal one for the industry. In 2018, a U.S.

Online 142

Online Guidelines Comparison Taxes 142

PYMNTS

JANUARY 28, 2020

As eBay seeks to right its ship with its search for new leadership, as well as new revenue from StubHub (and perhaps even the sale of its classifieds unit or other assets), the online marketplace operator reported an earnings slide for the fourth quarter of 2019. For the full year 2019, net income increased about 5 percent to $2.42

Taxes 130

Taxes Online Leadership Report 130

PYMNTS

NOVEMBER 24, 2020

Fleeting because the company moved its anniversary sale from Q2 to Q3 this year and most of that business was online. In fact, 60 percent of the sales were conducted online with 80 percent of that number coming from loyalty program members.

Retail 221

Retail US Online Taxes 221

PYMNTS

OCTOBER 10, 2019

percent from 2014-2019. Urban developers confront “competition with other uses such as retail, multi-family apartments, offices and mixed-use developments that generate higher taxes and higher rents,” Walaszek added. Space availability is down 7.4 percent from 11.3 percent, CBRE said. Overall industrial rents are up 23.9

Online 116

Online Industry Taxes Retail 116

PYMNTS

SEPTEMBER 9, 2020

American Eagle Outfitters concluded Q2 with $899 million in cash and short-term investments, marking a rise from $317 million in 2019, after generating $173 million in operating cash flow in Q2. Management noted at the time that online sales had surged 33 percent.

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Taxes Retail Report Branding 131

PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. The program, which began on Dec. 8 and runs until the end of the year, allows shoppers to save up to 150 euros. The government plans to spend 4.75

Cards 188

Cards Payments Taxes Study 188

PYMNTS

AUGUST 5, 2020

The app boasted 30 million users in June — that’s up from 26 million at the close of 2019. In addition, he said tax refunds provided the tailwinds that drove momentum in the Cash App. But not all the news was good.

San Francisco 218

San Francisco Capital Taxes Report 218

PYMNTS

JANUARY 3, 2020

US 2019 Auto Sales Were Lowest In Five Years. Drivers in the United States purchased fewer new vehicles in 2019 than in prior years but spent a record amount of money to buy them. Online Sales Tax’s ‘Pivotal,’ Post-Wayfair 2019 — And What Lies Ahead.

CA 130

CA Lending Apple South Dakota 130

PYMNTS

JANUARY 27, 2021

With the close of the round, Check has now raised $44 million to date since its formation in 2019. With Check, developers can now build wage payments into their apps just as easily as accepting an online payment.”. tax jurisdictions with their own sets of rules. And payroll is complex, with over 13,000 different U.S.

Taxes 179

Taxes Payments Tools Capital 179

PYMNTS

SEPTEMBER 5, 2019

Governments rely on tax revenues to fuel the vital services they provide to residents and businesses – from firefighting and public education to water system repair and road maintenance. Retail sales taxes have long been key sources of state governments’ budgets and have been their greatest single stream of revenue since the mid-1900s. .

South Dakota 116

South Dakota Taxes Policies North Dakota 116

PYMNTS

APRIL 22, 2020

In 2019, Payme, FinViet, EPay, PayTech, Dibee and Smart Net were granted licenses from Vietnam’s central bank. In July 2019, Vietnam introduced Gapo, a social network similar to Facebook, after the Communist-ruled government asked domestic tech companies to create substitutions.

Payments 154

Payments social media Groups Taxes 154

PYMNTS

APRIL 28, 2020

billion in sales from 2019. The Fed has received over 2,200 pieces of feedback online, sources said, according to CNBC. Additionally, investment professionals have sought details on aspects of the program, such as how the Fed plans to calculate companies’ earnings before interest, taxes and other factors.

Maine 184

Maine Lending Industry Taxes 184

PYMNTS

MARCH 15, 2019

Analysts say the financial struggles of small to medium-sized businesses (SMBs) are challenging the strength of the national economy, adding pressure to a market whose gross domestic product forecast for 2019 was recently cut by Mexico’s central bank. But traditional FIs are beginning to see value in financing small startups, too.

Lending 189

Lending Fintech National Taxes 189

PYMNTS

NOVEMBER 16, 2018

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177

Taxes Payments District of Columbia Alabama 177

PYMNTS

JULY 23, 2018

Coverage includes a new acquisition by online payment firm PayU, European finance ministers pushing for more progress on taxing digital firms and SoftBank planning to launch a new mobile payment service in Japan. PayU, the online payment company owned by Naspers, has announced the acquisition of ZOOZ, a payments technology platform.

social media 100

social media Taxes Payments Mobile 100

PYMNTS

JANUARY 22, 2020

African unicorn Jumia , the first technology startup in Africa to list on the New York Stock Exchange (NYSE), is focused on becoming profitable after a troubling 2019, according to a Reuters report on Wednesday (Jan. Jumia’s NYSE shares have dropped almost 70 percent since its initial public offering (IPO) in April 2019.

New York 130

New York Taxes Online Mobile 130

PYMNTS

JANUARY 18, 2021

At the same time, sales tax receipts in the downtown’s retail, hotel and business districts fell more than 70 percent in the second quarter last year compared with the same period in 2019, Bloomberg reported. Unlike many communities, San Francisco has not seen an increase in online sales tax.

San Francisco 141

San Francisco Taxes New York California 141

PYMNTS

SEPTEMBER 30, 2019

The company is struggling with online competition and changing clothing trends, like sustainable fashion and secondhand clothing. Forever 21 is among many retailers that have filed for bankruptcy to reorganize as shoppers abandon malls in favor of online shopping. High rents from an aggressive physical expansion also pose a problem.

Retail 148

Retail Taxes Analytics America 148

CB Insights

FEBRUARY 13, 2020

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

Online Company Retail Payments 98

PYMNTS

AUGUST 3, 2020

Consumers have come to expect on-demand service when they watch movies, make online purchases or hail rides, for example, but this practice contrasts with how most employees are paid. Numerous economic, social and technological trends are rendering this system more outdated, however. On-demand pay appeals to gig workers for numerous reasons.

Payments 211

Payments Taxes Case Study Examples 211

Abrigo

APRIL 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. trillion between 2019 and 2022. Meanwhile, the agency says banks, credit unions, and other depository institutions accounted for 80% of the 8,200 financial institutions active in small business financing in 2019.

Lending 243

Lending St. Louis Community Marketing 243

PYMNTS

JANUARY 10, 2019

From tax refunds and government assistance to payments made for home service and housekeeping professionals, faster payout solutions appear to be gaining popularity — all around the world. billion USD) online classified marketplaces, enabling buyers and sellers to accept credit and debit cards. In the U.K.,

Marketing 156

Marketing blockchain Online Cards 156