PYMNTS

DECEMBER 15, 2020

Also, the Mersho Brothers, who operate Shoe Palace, have been issued equity in Genesis so that they will have 20 percent ownership of the enlarged group in the U.S. The chain currently has 167 retail locations, most of them operating under the Shoe Palace flag. Shoe Palace provided a $52 million pre-tax profit in the year ending Dec.

California 220

California Hawaii Arkansas Nevada 220

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

MAY 22, 2020

The measure limits independent contractors and the self-employed to borrow up to two months of their pay based on their 2019 income tax return or $15,385, whichever is less, toward forgiveness. If they can’t convince the SBA they met those requirements, borrowers have two years to repay it at a 1 percent interest rate.

Ohio 248

Ohio Taxes Guidelines California 248

PYMNTS

AUGUST 29, 2019

Cornell University tops the Coinbase 2019 Leaders in Crypto Education list, currently offering 14 classes on cryptocurrency and/or blockchain. In other news, Portugal’s Tax Authority has announced that both cryptocurrency trading and payments in crypto will not be taxed in the country.

Course 116

Course Taxes Bitcoin blockchain 116

PYMNTS

FEBRUARY 13, 2019

In addition, taxes generated by the industry grew by nearly 8 percent last year. And the state’s marijuana taxes, including licenses and fees from dispensaries, were more than $266.5 And the state’s marijuana taxes, including licenses and fees from dispensaries, were more than $266.5 billion the previous year.

Industry 155

Industry Colorado Taxes California 155

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

MARCH 1, 2020

and would essentially ask for the firms’ audit and consulting operations to be separated. The move comes in the wake of the competition watchdog’s recommendation in 2019 for the government to facilitate a split of those services. The plans, if put forth, would constitute a huge shake-up for the accounting industry in the U.K.,

Regulation 230

Regulation Taxes Industry Policies 230

PYMNTS

JULY 19, 2018

billion , it is still a more valuable run of commerce activity than Mother’s Day, Father’s Day, Easter and Valentine’s Day combined — which is why state tax holidays placed at the end of July and beginning of August have become so very popular over the last two decades. How Tax Holidays Work.

Taxes 101

Taxes Trends Massachusetts Louisiana 101

PYMNTS

FEBRUARY 21, 2019

Steve Streit, Green Dot’s president and CEO , pointed to key partnerships as significant drivers of growth, including Walmart , with Green Dot issuing the Walmart MoneyCard, and which will see continued expansion through 2019.

Taxes 188

Taxes User Experience Cards Operations 188

PYMNTS

DECEMBER 20, 2019

That famous literary opener could apply to the mobile order-ahead (MOA) space in 2019. As city councils all over the nation get a hankering for MOA tax revenue, the category just keeps growing and evolving. “It was the best of times, it was the worst of times.” Tons of capital was raised and spent on new systems and processes.

Mobile 131

Mobile Fraud New York City Metro 131

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. Intuit is valued at around $77 billion.

Report 180

Report Taxes Online Financial Technology 180

Abrigo

JANUARY 7, 2021

Relevant tax forms, quarterly financial statements, or bank statements are acceptable documentation. The maximum amount available for a second-draw loan is $2 million, but for most businesses, the maximum amount will be calculated by multiplying the average total monthly payroll costs during 2019 or 2020 (at the borrower’s election) by 2.5 (or

Taxes 195

Taxes Lending Connecticut Capital 195

South State Correspondent

MARCH 21, 2023

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects. In 2020, the U.S.

Taxes 195

Taxes Community Bank Community Operations 195

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

JANUARY 11, 2021

anticipates that eCommerce demand for the fiscal 2020 fourth quarter will jump 90 percent to 100 percent in contrast to the fiscal 2019 fourth quarter, according to a Monday (Jan. million in the fiscal 2019 fourth quarter. million in the fiscal 2019 fourth quarter. Build-A-Bear Workshop, Inc. 11) announcement.

Conference 159

Conference Taxes Retail Operations 159

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. We expect Marco Polo to ensure seamless collaboration of several sides engaged in international trade operations (banks, suppliers, insurance companies, etc.)

blockchain 109

blockchain Taxes 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. . These are are the 2019 payment trends that made the most significant impact and promise to make even more substantial impacts in the new decade. Did Blockchain Peak In 2019?

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

NOVEMBER 9, 2020

Simon addressed several issues on the company’s earnings call from tax relief to the pandemic to its joint venture with Brookfield Properties to take over operations at JCPenney. We have withstood lack of federal and state help, especially in real estate taxes. billion, versus 2019’s $1.42 We have withstood COVID.

Trends 169

Trends Retail Taxes Louisiana 169

PYMNTS

AUGUST 7, 2020

German authorities are cracking down on several allegedly illicit cryptocurrency-related operations in the country. The watchdog told KKT UG CEO Adam Gramowski to cease crypto trading business in Germany back in February for reportedly operating without a trading or banking license. Movie2k.to

Bitcoin 157

Bitcoin ATM cryptocurrency Operations 157

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.

Taxes 131

Taxes Retail Report Branding 131

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. Smooth B2B operations depend on robust data gathering, but many companies rely on manual methods to collect information and complete supplier enrollment.

Data 166

Data Management Taxes Meeting 166

PYMNTS

JUNE 29, 2020

Wirecard said over the weekend it would continue to operate in all but one of its European locations as the court considers the company’s insolvency request. A number of British FinTech firms have suspended services following the FCA’s restrictions on Wirecard, leaving hundreds of thousands of accounts blocked, the news service reported.

Taxes 223

Taxes Report Financial Technology Examples 223

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 government plans to spend 4.75 suggests businesses could be following suit.

Cards 188

Cards Payments Taxes Study 188

Abrigo

APRIL 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. trillion between 2019 and 2022. At the same time, 59% pursued credit to meet operating expenses. DOWNLOAD Takeaway 1 Financing plays a crucial role in small business survival and success. The market surged to as high as $2.4

Lending 243

Lending St. Louis Community Marketing 243

PYMNTS

NOVEMBER 24, 2020

Dubious because the company operates and pays leases on 350 stores and on the flip side of the coin, it only generated 46 percent of its revenue from them. The company did not extend any end-of-the-year guidance outside of an expected 20 percent decrease for Q4 over 2019. “As

Retail 221

Retail US Online Taxes 221

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

MARCH 15, 2019

The publication pointed to Goldman Sachs as the latest FI giant to grow operations in Mexico, after it provided a $100 million credit facility to Credijusto, a FinTech startup that makes three-year loans to small businesses.

Lending 189

Lending Fintech National Taxes 189

PYMNTS

JULY 30, 2020

billion, a nearly 9 percent increase above Q2 in 2019. At the same time, adjusted operating profit was $2.3 GAAP results included a pre-tax charge of $112 million, equivalent to $0.10 GAAP results included a pre-tax charge of $112 million, equivalent to $0.10 Adjusted net income was $1.9 billion, up 7.4 per share, an 8.7

Atlanta 141

Atlanta Taxes Operations Community 141

PYMNTS

SEPTEMBER 30, 2019

The filing will allow the retailer to continue operating while it attempts to reorganize the business and return to profitability. It will continue operations in Mexico and Latin America, the article said. The company said it will close a large number of physical stores worldwide, CNBC reported on Sunday (Sept.

Retail 148

Retail Taxes Analytics America 148

PYMNTS

FEBRUARY 28, 2019

The deal would help to grow Uber’s operations in the region. Careem has upwards of one million drivers and operates in more than 100 cities in the region. billion by 2019. It also said Uber’s loss before interest, taxes and non-cash items would fall to $500 million in 2019 from a projected $1.7 billion in 2018.

Report 129

Report Regional Taxes Operations 129

PYMNTS

JULY 26, 2020

Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers.

Wyoming 153

Wyoming cryptocurrency Regulation blockchain 153

PYMNTS

OCTOBER 28, 2019

Wayfair’s case enabled cities and states to pass economic nexus laws that require out-of-state sellers to collect and remit taxes on local residents’ sales, and it permitted these jurisdictions to implement marketplace facilitator laws necessitating that eCommerce platforms collect and remit taxes on third-party merchants’ sales. .

Taxes 105

Taxes South Dakota Retail Arizona 105

PYMNTS

DECEMBER 15, 2020

Apply the local sales tax and the new total is $48.07. will go to taxes, $8.29 Khosrowshahi wrote that if all 50 states had such laws in place, Uber would have contributed $655 million to such benefits funds in 2019. According to Berkeleyside, suppose a customer’s order total at the restaurant totals $44. Of that $65.36

California 227

California New York Taxes Illinois 227

PYMNTS

FEBRUARY 20, 2020

31, 2019, with total operating revenues of $249.3 The company also reported non-GAAP total operating revenues of $238.4 such as non-operating nest income, income tax benefit and expense, and more. Green Dot reported its earnings for its fourth quarter ending Dec. million, showing a slight uptick from $245.1

Report 130

Report Operations Taxes Study 130

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. Providers should also ensure that clients understand the AI software’s abilities and limitations.

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

MAY 8, 2020

Cardtronics , which calls itself the world’s largest ATM owner-operator, disclosed its first-quarter results on Friday (May 8), which reflected lower revenues due to lockdowns and some location closures. . million compared to Q1 in 2019. . Cardtronics’ ATM operating revenues dropped to $291.9 million, down from $318.3

ATM 131

ATM NJ Houston Operations 131

TheGuardian

FEBRUARY 22, 2021

More executive roles are expected to relocate to home base of Hong Kong as part of Asia shift, where most of its earnings come from HSBC, Britain’s biggest bank, has recorded a 34% drop in profit for 2020 as it prepares to double down on its operations in Hong Kong and China despite concern about the political crackdown in the former UK colony.

Taxes 96

Taxes Security Operations 96