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Healthcare Payments AI, Subscription Churn, Turbo Tax Tool For Stimulus Payments Top This Week’s News

PYMNTS

TurboTax , the online tax preparation service, has said it is launching a free stimulus registration system to help people who don’t need to file a tax return. Approximately 10 million people in the country don’t have to file taxes, and roughly 80 percent can receive a stimulus check. . More than 85,000 people sought $22.2

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Tax Apps Drop While Credit Karma Retains Title

Bank Innovation

Maybe tax season has mobile users worrying about their credit history, or contemplating borrowing some cash? Tax worries seem to already be a thing of the past. Last week Credit Karma passed Chase Mobile to slip into first place on both Android and iOS platforms.

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Tax Reform Shows Early Signs Of SMB Bank Lending Impact

PYMNTS

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative. percent rate.

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Chime Gives $200 Advances On Stimulus Checks

PYMNTS

Chime , America’s most valuable digital bank, has begun offering cash advances ahead of the $1,200 stimulus payments Americans will be receiving next week, according to a report by Forbes. Those interested in the benefits must have already filed a 2019 tax return and received a refund deposited directly into their Chime account.

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Bank Of America Earmarks $500M In Tech Spend As Mobile Use, Zelle Soar

PYMNTS

Continuing the recent string of earnings from big banks – a string that kicks off earnings season per tradition – Bank of America said loan growth and a boost in digital initiatives boosted results in the second quarter. Looking at the digital side of the business, mobile banking users were up 11 percent year on year to 25.3 million.

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SPACs Now Eyeing Asia For Merger Deals

PYMNTS

About 85 percent of SPACs are based in North America, with 5 percent in Asia. Asia is the next big treasure trove for SPAC candidates,” Joaquin Rodriguez Torres, co-founder of investment fund Princeville Capital, told Bloomberg. capital markets work hold a significant advantage,” Torres added. That number decreases to about 3.5

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The Biggest Banking, Regulatory Challenges For Today’s Entrepreneur

PYMNTS

But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. This week’s B2B Data Digest is all about small businesses in America, their financial hurdles and their outlook for the future.

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