PYMNTS

OCTOBER 1, 2019

Japan has introduced a system of cash-back rewards points in response to increasing the consumption tax from 8 percent to 10 percent. The new system — which rebates the tax increase in some stores when paying with a card rather than cash — will run until June 2020. While there were some system problems reported on Tuesday (Oct.

Taxes 101

Taxes System Retail Security 101

PYMNTS

JANUARY 1, 2021

The pandemic-induced challenges have also been taxing for community financial institutions (FIs) and credit unions (CUs), as many were not designed to operate remotely. Credit Union. The past year has been one of the most trying in recent memory for lenders as well as consumers. Digital Identity.

Trends 259

Trends Video Retail Payments 259

PYMNTS

DECEMBER 27, 2020

As 2020 sunsets, we’ve seen all manner of listings, including previously less-prevalent ones that, in a year like no other, outperformed traditional initial public offerings in terms of dollars raised. As estimated by SPAC Research , 248 SPACs went public in 2020, raising $81 billion. There’s nothing new under the sun, goes the saying.

New York 270

New York US Examples Training 270

PYMNTS

JANUARY 8, 2020

8), the Securities and Exchange Commission ’s (SEC’s) Office of Compliance and Examinations (OCIE) offered up a list of its priorities for the year that has just dawned. Against that backdrop, we might see the continued evolution of tax policy tied to crypto, and perhaps more defined parameters of crypto as a distinct class of assets.

blockchain 138

blockchain Phoenix Compliance cryptocurrency 138

PYMNTS

DECEMBER 17, 2020

Fraudsters, according to PYMNTS data, were already enjoying a banner year in 2020 as the world went online and the forces of fraud rapidly followed. As of September 2020, the FTC reported that there had been $145 million in pandemic-related scams. The “stimulus” scams are already out there, reports NBC News.

Fraud 210

Fraud Taxes Washington Security 210

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat. However, he noted that the move could negatively impact morale at DHS.

US 227

US Cyber Security Security National 227

PYMNTS

NOVEMBER 30, 2020

Fraudsters have redoubled their attacks on eCommerce channels, however, making consumers more concerned about data security. Knutson explained how the virtual debit card space is evolving to support eCommerce and detailed what goes into a secure yet speedy virtual card application process. Streamlining Onboarding Security.

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Cards Security ATM Data 151

South State Correspondent

MARCH 21, 2023

Background of ERC ERC exists to assist businesses that were put under severe financial strain due to the government-mandated lockdowns from the 2020 COVID-19 pandemic. In 2020, the U.S. ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee.

Taxes 195

Taxes Community Bank Community Operations 195

Current

DECEMBER 9, 2020

You've filed your tax paperwork, and then the question begins swirling in your mind. How long does it take to get a tax refund? There is a time lapse between your tax refund being processed and you actually receiving that money. Sign up to get your tax refund up to five days faster. When Can I Expect to Get My Tax Refund?

Taxes 90

Taxes Data Tools Examples 90

PYMNTS

DECEMBER 17, 2020

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. Developments From The World Of Digital Fraud. About The Tracker.

Fraud 255

Fraud Online Retail Examples 255

PYMNTS

DECEMBER 2, 2019

The Federal Reserve Board has approved a new fee schedule for payment services in 2020 that is overall 2.4 Fees will stay the same as 2019 for the FedACH service, National Settlement Service and Fedwire Securities Service. The 2020 private-sector adjustment factor (PSAF) of $18.9 percent for check services , 3.7

Payments 101

Payments Kansas Taxes System 101

PYMNTS

AUGUST 17, 2020

9 in 10 of ASX 100 companies were found to have lapsed security strategies that allow for email spoofing and invoice scams , a new report from Agari said. According to reports, the individual had access to the business’s bank accounts, allowing her to make tax payments.

Fraud 237

Fraud Trends Report Security 237

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. . Payments Flash-Forward: Why December 2020 Will Be One To Remember. Uber was ordered to stop securing business in Colombia via its popular ride-hailing app.

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Taxes Mobile Management blockchain 101

PYMNTS

JUNE 18, 2019

The France-based company secured the funding from Eurazeo and Bpifrance , which are backing PayFit’s payroll and human resource management technology services designed for multiple European countries’ particular labor laws. With the new funding, PayFit said it aims to double its staff by 2020 from its current level of 300 workers.

Taxes 115

Taxes Resources Security Technology 115

South State Correspondent

MAY 30, 2024

We work with well-known national CPA firms that specialize in working with banks specifically to claim their ERC tax rebate. Our team has worked with approximately 55+ banks and secured over $82 million in credits. The average tax rebate is approximately $1.5 Drop in branch foot traffic.

Georgia 195

Georgia Alabama New Jersey Taxes 195

PYMNTS

OCTOBER 9, 2020

million in federal Paycheck Protection Plan (PPP) funds, which are backed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief and Economic Security (CARES) Act. Federal prosecutors on Thursday (Oct. 8) charged a Dallas-area man with allegedly playing a role in a scheme that sought to fraudulently obtain $24.8

Texas 142

Texas Fraud Dallas Taxes 142

PYMNTS

JANUARY 4, 2019

Cryptocurrencies , like bitcoin, Ethereum, Litecoin and Ripple , are digital assets designed to work as a medium of exchange that uses strong cryptography to secure transactions,” he said. Cryptocurrency, however, is more than just an asset that stores value. It is used as currency, a means to exchange for goods and services.

cryptocurrency 163

cryptocurrency New York New York City Study 163

PYMNTS

MARCH 13, 2020

But as of 2020, she noted, a growing number realize that history is not enough reason to stick with the check as a primary disbursement tool. At base, every government agency wants three simple things when it comes to disbursements: increased efficiency, transparency and security. That is a project that had been lagging in the U.S.,

Payments 188

Payments Idaho Oregon Innovation 188

PYMNTS

DECEMBER 26, 2019

Analysts anticipate additional government reforms in 2020 could help improve stock markets, however. According to data from Refinitiv, funds secured through Indian IPOs dropped to $2.8 This was only a day before Indian markets were boosted via an official announcement of a cut in the corporate tax rate. billion in 2019.

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Taxes Marketing Security Industry 130

PYMNTS

DECEMBER 18, 2020

PYMNTS’ December 2020 Disbursements Tracker® , done in collaboration with Ingo Money , notes that “the pressure is on for … government agencies to upgrade their legacy infrastructures to facilitate a modernized, digital disbursements experience. and it can happen in real time to the account a recipient chooses and authenticates.”.

Payments 150

Payments Security Taxes Groups 150

PYMNTS

MAY 8, 2020

Consumers sitting down to bet through their computers or phones likely do not want to receive winnings via checks and expect effortless digital payments — even with online gambling platforms’ security measures ensuring winners are properly verified. million in March 2020 from $67.5 million in March 2019. The state has earned $24.3

Online 176

Online Industry New Jersey Pennsylvania 176

FICO

MARCH 8, 2021

This year the Internal Revenue Service (IRS) will start accepting 2020 tax returns on February 12 , about two weeks later than usual. That’s positive news—because you definitely want to file your tax return as soon as possible, particularly if you’re claiming a refund. How do fraudsters commit tax refund fraud?

Taxes 52

Taxes Fraud Security Cards 52

Abrigo

JULY 12, 2021

Proliferation finance Guidance on Proliferation Financing Risk Assessment and Mitigation was released on how to implement the October 2020 revisions to the FATF Standards requiring the assessment and mitigation of proliferation financial risks, particularly those related to weapons of mass destruction and its financing. While the U.S.

Training 195

Training Policies United States Report 195

Abrigo

MARCH 31, 2020

Key Takeaways The Small Business Administration (SBA) and Treasury Department released information on how lenders can become eligible to originate Paycheck Protection Program loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. 15 and verify the borrower had employees for whom they paid salaries and payroll taxes.

How To 195

How To Lending Illinois System 195

PYMNTS

MAY 12, 2020

Ceridian (@Ceridian) May 11, 2020. Perhaps the two-week cycle persists due to force of habit, or perhaps it’s the need to design a payroll system that keeps track of workers’ hours in real time while also calculating necessary adjustments for taxes, Social Security, benefits, etc. Learn more: [link] pic.twitter.com/qqYJnbXqR1.

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Innovation System ATM Taxes 271

PYMNTS

SEPTEMBER 16, 2020

Securities and Exchange Commission (SEC). Kohl’s said it foresees costs of roughly $23 million before tax for the actions, most of which will be registered in Q3 of this year. However, the merchant said it foresees roughly $65 million in cost savings from the measures on an annualized basis.

Taxes 130

Taxes National Report Security 130

Abrigo

APRIL 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. trillion in 2020 as a result of COVID-19 relief programs. Between 1994 and 2020, nearly a third of new employer establishments didn’t last more than two years, and the 15-year survival rate was 26%. trillion between 2019 and 2022.

Lending 243

Lending St. Louis Community Marketing 243

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 80

Taxes Security Operations 80

Independent Banker

APRIL 30, 2022

3-yr average pre-tax ROA. Cumberland Security Bank, Inc. First Security Bank of Deer Lodge. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. In true community bank fashion, each has its own story to tell and its own path to success. Molly Bennett, executive editor, Independent Banker. Tuscaloosa.

Community Bank 172

Community Bank Community Montana Taxes 172

MyBankTracker

MARCH 24, 2021

The 2021 tax season is likely to stand out from previous years as many Americans might need their tax refunds more than ever. According to a recent MyBankTracker survey, Americans are most likely to put this year’s tax refunds into savings, which may not come as a surprise. percent) of a tax refund for the 2021 tax season.

Taxes 52

Taxes Survey Study United States 52

PYMNTS

SEPTEMBER 4, 2018

One of the largest points of friction, he said, is tax compliance. “A A lot of people — particularly in the one-to-100 market segment — are doing this stuff using pen and paper,” he said, “and, as a result, racking up fines and penalties for calculating their payroll taxes wrong.”.

Tools 100

Tools Taxes Software Management 100

PYMNTS

AUGUST 3, 2020

HSBC, Europe’s biggest bank, has seen its profits plunge in the first six months of 2020, squeezed by low interest rates and the COVD-19 pandemic, The Telegraph reported. Pre-tax profits fell to $4.3 The bank’s bad debts are expected to rise to $6.2 billion loss, the newspaper reported. billion in profit from January through June.

Taxes 141

Taxes Report National US 141

PYMNTS

JULY 10, 2020

The following is an excerpt from How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond) , contributed by Warren Perlman, chief information officer at Ceridian. adults have no emergency savings, according to Bankrate’s latest Financial Security Index. Nearly three in 10 (28 percent) of U.S.

Meeting 143

Meeting Taxes System Security 143

Independent Banker

NOVEMBER 30, 2021

By Jim Reber, ICBA Securities. I don’t think I’ve heard from you since the summer of 2020. Liquidity, in the sense of how efficiently your bonds can be sold, starts to dwindle as we get to mid-December, even for generic bonds like mortgage-backed securities (MBS). Here’s another conversation with our consummate community banker.

Community 126

Community Community Bank Taxes Security 126

PYMNTS

MARCH 1, 2018

56 percent | Percentage of ground transportation expenses Uber secured for travel and expense company Certify’s customers in 2017, up 52 percent in 2016. workforce by 2020. The study also found that 67 percent of mid-sized financial institutions (FIs) are allocating less than one-quarter of their budgets toward the same goals.

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Innovation Data Taxes Lending 100

PYMNTS

APRIL 1, 2019

That figure is projected to increase to 43 percent by 2020. . These platforms can transfer money securely with blockchain-enabled transactions, which keep the funds safe from cybercrime while adhering to global financial regulations. According to a recent report, slightly more than one third of the U.S.

Payments 183

Payments Survey Online Company 183

PYMNTS

JULY 15, 2020

It points out that the mall sector has lost around 48 percent in market capitalization since January 2020. The COVID-19 crisis came during an already tough time for department stores,” said a recent research note from Bank of America Securities.

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Groups Branding Retail Taxes 153