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

APRIL 5, 2020

Online tax preparation service TurboTax has announced that it is rolling out a free, stimulus registration solution to assist people who are not required to file a tax return. who are not required to file taxes, and some 80 percent are eligible for a stimulus check. There are roughly 10 million people in the U.S.

Tools 227

Tools Taxes Payments Online 227

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

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

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

Perficient

JUNE 30, 2022

In 2020, The Bahamas legislation passed two digital-asset-specific pieces of legislation: the Digital Assets and Registered Exchanges Act (the DARE Act) and the Financial and Corporate Service Providers Act (the FCSP Act), which established safeguards for the custody of digital assets. Legislative Initiatives. Attracting Crypto Corporations.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

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.

Cards 151

Cards Security ATM Data 151

CB Insights

NOVEMBER 30, 2021

Fonoa , a provider of automated tax compliance tools, has raised $25M in a Series A round. At present, the company offers tax automation services in 100+ countries, and it plans to expand to 140+ countries by the end of 2021. The round drew participation from Index Ventures, FJ Labs, OMERS Ventures, and Moving Capital, among others.

Taxes 36

Taxes Compliance Tools Company 36

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.

Taxes 101

Taxes Mobile Management blockchain 101

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

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

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

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

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

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

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

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

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 76

Taxes Security Operations 76

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.

Taxes 130

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

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

TrustBank

APRIL 10, 2020

The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, was signed into law on March 27, making it the largest fiscal stimulus bill ever passed in U.S. Any investor who was otherwise required to take a required minimum distribution (RMD) this year can now forgo their 2020 RMD. As always, consult your tax professional.

Taxes 52

Taxes Guidelines Washington Security 52

TrustBank

DECEMBER 16, 2021

This amount is calculated using your income tax information from two years ago. So, for 2022, your tax information from 2020 will be assessed. Surcharge amounts vary based on your income bracket and how you filed your taxes. The first situation involves the tax information used to determine the IRMAA.

Taxes 52

Taxes Washington Security Maine 52

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

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

BankBazaar

AUGUST 28, 2020

While interest received on gold bonds are subject to tax, the capital gains tax on redemption of SGBs (if held till maturity) are tax exempt; a clear benefit over physical gold. Further, SGBs are also accepted as collateral or security against secured loans by certain banks. Tax Implications.

Taxes 78

Taxes Capital Comparison Examples 78

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

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

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

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

Lex Sokolin

DECEMBER 25, 2019

As 2020 sneaks upon us, it’s the season for predictions and prognostications. Other things like Compound are essentially a securities lending marketplace?—?you This financial commitment also performs the function of securing the historic accuracy of the data on the chain itself, like electricity-consuming mining does in Bitcoin.

blockchain 52

blockchain Bitcoin Software Lending 52

TrustBank

APRIL 26, 2021

This law passed in 2019 and flew under most people’s radar throughout 2020 because, well, we had a few other things going on in 2020… a pandemic with massive business closures and unemployment, social unrest, a presidential campaign, more social unrest, etc. percent payroll tax on all employee wages, beginning January 1, 2022.

Washington 64

Washington Taxes Idaho Oregon 64

Abrigo

MAY 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 195

Lending St. Louis Community Marketing 195

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

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

FICO

DECEMBER 9, 2019

Now, what does 2020 promise on the C&R front? The European Central Bank through its Single Security Mechanism (SSM) concludes, in its annual risk report, that NPLs (non-performing loans) are the second largest future risk for the European financial system after geopolitics. Here’s what I see. M&A will grow in the third-party space.

Analytics 52

Analytics Regional Strategy Regulation 52