PYMNTS

DECEMBER 27, 2019

It’s the end of a short holiday workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. 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. .

Taxes 101

Taxes Mobile Management blockchain 101

PopularBank

OCTOBER 28, 2020

Popular”) (NASDAQ: BPOP), bank holding company of Popular Bank, today announced Popular Bank’s strategic realignment of its New York Metro branch network. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc. About Popular, Inc.

Puerto Rico 52

Puerto Rico New York Metro Community 52

PYMNTS

SEPTEMBER 8, 2020

The tax situation can also improve for individuals and their employers alike as workers move to leafier, suburban locales. For example, in New York state, the top marginal income tax rate is nearly 9 percent, plus another 3 percent in New York City. Other states, like Florida, may have no state income tax.

Taxes 170

Taxes Los Angeles New York City New York 170

PYMNTS

DECEMBER 10, 2019

A new report from Barclays Capital about transportation in New York City says Uber and Lyft can achieve profitability in the future despite their poor initial public offering (IPO) showings this year, according to a report by Bloomberg. .

New York City 157

New York City Report New York Study 157

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

SEPTEMBER 5, 2019

The company has raised a total of $288 million in funding from venture capital and private equity backers, including Great Hill Partners, Greycroft, PWP Growth Equity, Sandbridge Capital, Industry Ventures and Canaan. Its new store offers a mix of women’s ready-to-wear items, along with jewelry, fine watches, home decor and art pieces.

Retail 123

Retail New York New York City Philadelphia 123

PYMNTS

FEBRUARY 27, 2020

In New York, meanwhile, the NASDAQ is trading at 26.5 24 not to forget the lessons of the 2015 market meltdown, which saw $5 trillion in capitalization wiped off the Shanghai and Shenzhen markets, with ChiNext losing half its value within months. times trailing earnings, according to statistics from Refinitiv.

Marketing 146

Marketing Capital New York Taxes 146

PYMNTS

MAY 23, 2019

Block.one is very much the odd one out in the crypto market,” said Tom Shaughnessy, co-founder of Delphi Digital, a crypto research firm in New York, according to Bloomberg. In other news, the U.S. And the Central District Court in Israel has ruled that bitcoin is an asset and subject to capital gains tax (CGT).

Bitcoin 134

Bitcoin Taxes San Francisco cryptocurrency 134

PYMNTS

JULY 16, 2019

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. France is a precursor.

Regulation 143

Regulation Company cryptocurrency Taxes 143

PYMNTS

DECEMBER 27, 2020

Securities and Exchange Commission approved a plan by the New York Stock Exchange to approve “direct” listings by companies, which let companies come to market without the underwriters (typically) large banks that charge hefty fees to bring the deals to the Street and reach institutional and retail investors.

New York 270

New York US Examples Training 270

Jeff For Banks

OCTOBER 14, 2024

Because a community bank: - Lends 70%-80% of every dollar you deposit within your community to businesses that need capital and people that need homes. In today's digital world, we don't need a Capital One ad budget to deliver our message to our target audience early and often. They need capital. But they need capital.

Community Bank 98

Community Bank Community Capital Lending 98

PopularBank

AUGUST 12, 2020

Grant Program Provides Relief to Non-profit Organizations and Small Businesses in New York and New Jersey Significantly Impacted by COVID-19. SBRG serves to provide relief to organizations in New York and New Jersey that have been significantly impacted by COVID-19. Supportive Housing Network of New York.

New Jersey 98

New Jersey New York Guidelines New York City 98

PYMNTS

FEBRUARY 8, 2019

The company recently announced $10 million in venture capital funding, led by GV and Foundation Capital, while Amicus and Pierre Lamond also participated. million in new funding from DGF Investimentos for its small business financing solution, reports in Contxto said this week. Brazil’s Adianta has announced $2.18

Fintech 188

Fintech Capital New York City Analysis 188

PYMNTS

NOVEMBER 6, 2020

We have tenants that pay in Texas and have not paid in New York,” Shane Garrison , chief operating officer of Retail Properties of America, told the Financial Times on Friday (Nov. Spirit Realty Capital told FT that it had collected just 12 percent of the rent owed by movie theaters last month.

Retail 152

Retail Kansas Payments Texas 152

PYMNTS

DECEMBER 13, 2019

by regulatory initiatives (designed to spur competition in small business banking, open up the market to new challenger banks and support marketplace lending platforms), the bank loan is often the first place small business owners look when in search of capital. venture capital investments in U.K. Fueled further in the U.K.

Capital 132

Capital Lending Strategy Community 132

PYMNTS

NOVEMBER 14, 2018

and in Long Island City, a neighborhood in Queens, New York City. In New York City, Amazon’s $1.2 billion refundable tax credit is reportedly based on the “percentage of salaries Amazon expects to pay employees over the next decade, or $48K per job for 25K jobs.”

New York City 122

New York City New York Virginia Chicago 122

PYMNTS

JUNE 29, 2020

With the Wealthfront mobile app, customers with direct deposit can get paid up to two days early, as well as set up direct deposit for other payments like a tax refund or company expenses.

Fintech 151

Fintech California New York ATM 151

Independent Banker

APRIL 30, 2022

3-yr average pre-tax ROA. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. Quite the opposite, really—we often choose to lag behind competitors in offering new products and services purely due to barriers to entry from a pure cost standpoint. We’re looking into investing in a new coffee maker. pre-tax ROA: 2.68%.

Community Bank 172

Community Bank Community Montana Taxes 172

PYMNTS

AUGUST 3, 2016

. “There are 50 financial institutions that are already members of R3, and they are all clients of ours,” said Mark Rodrigues, managing director of strategic customers and solutions at Thomson Reuters in New York, in a report. “We Thomson Reuters has blockchain labs located in New York and London.

blockchain 100

blockchain Data New York Bitcoin 100

PYMNTS

MAY 27, 2016

The New York-based company reported a 7 percent loss in same-store sales last quarter as compared to 8 percent noted last year. The weakening sales come on the heels of its chief investor TPG Capital’s move to write down its stake in J. J.Crew struggled to win back its base of loyal customers last quarter.

New York 100

New York Retail Capital Taxes 100

PYMNTS

FEBRUARY 5, 2020

“Somebody with really great visibility into AP can fund their growth through extended terms to their suppliers because that is part of working capital,” McGuire said. At a high-level view, that changes the number of levers that can be pulled — from a finance perspective — around the working capital associated with AP.

Capital 152

Capital Taxes Compliance Payments 152

PYMNTS

JANUARY 29, 2020

But according to Pat MacKrell, president and CEO of New York-based small business lending firm Pursuit , the online alternative lending market has gotten good at hiding the true cost of financing from SMBs. At the state level, New York Governor Andrew Cuomo signed legislation in August to curb the use of confessions of judgment.

Lending 136

Lending New York Online New Jersey 136

MyBankTracker

SEPTEMBER 1, 2020

As long as you don’t live in one of the excluded states (Vermont, New York, Connecticut, Nebraska, Hawaii, and Nevada) you can withdraw cash directly to a linked bank account. Remember to Pay Taxes. Remember: Any profits made make from trading cryptocurrency is subject to tax.

Bitcoin 52

Bitcoin How To Taxes cryptocurrency 52

PYMNTS

APRIL 10, 2020

While they will lack the sheer financial clout of federal assistance, they are starting to offer strategies beyond capital infusions that will assist in restarting small business when the crisis passes. Several examples have shown up over the past week. Brookings continued, “This humanitarian crisis is rapidly turning into an economic crisis.

Maine 141

Maine Seattle San Francisco New York City 141

Abrigo

NOVEMBER 3, 2015

The opportunity cost of one investment over another is sometimes a rough guess, and, in some cases, capital is spent to take advantage of a new opportunity with no clear track record. Cost of capital is a defining concept in business decision-making, but it’s also abstract. This means debt is cheaper and saves tax money.

Resources 150

Resources Capital New York City Taxes 150

PYMNTS

MARCH 30, 2018

Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. ZP Group incorporates three units: a government cybersecurity contractor, a human capital and staffing service and a security advisory firm.

US 116

US Capital California San Francisco 116

PYMNTS

JANUARY 27, 2020

It seems that old-fashioned video games are that hot new item, assuming they are in pristine condition and come in factory packaging, according to a new report in The New York Times. But as even casual students of history know, collectibles often lead to bubbles that eventually pop.

Video 226

Video Trends New York Report 226

PYMNTS

AUGUST 28, 2019

It’s a debate with significant implications for lawmakers in areas like minimum wage and tax policy. Labor Department classified these gig workers not as employees, but as contractors, in a case that enabled an unnamed company hiring these gig workers to not have to pay federal minimum wage, overtime or Social Security taxes.

California 116

California Taxes Industry New York 116

PYMNTS

JANUARY 16, 2020

Drilling down into the mechanics of the deal – and what happens after the deal is closed – Global Blue said in a release that upon closing, Global Blue will list on the New York Stock Exchange. The new, publicly-traded company will be incorporated in Switzerland , will trade as “Global Blue” and will sport the ticker GB.

Payments 100

Payments Taxes Groups Fintech 100

PYMNTS

DECEMBER 20, 2019

Tons of capital was raised and spent on new systems and processes. 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.” That famous literary opener could apply to the mobile order-ahead (MOA) space in 2019.

Mobile 131

Mobile Fraud New York City Metro 131

Abrigo

MARCH 22, 2023

Misrepresentation is used to justify the movement of funds and, in some cases, reduce the tax obligation reflected on customs documents. Over- or under-shipment or phantom shipments: Over- or under-shipment involves misrepresenting the number of goods in a shipment.

Training 195

Training Fraud New Jersey Regulation 195

PYMNTS

DECEMBER 20, 2017

19) reports by The New York Post , the U.S. Investors in cryptocurrencies should be aware that they run the risk of losing all their capital.”. A task force set South Korea’s first virtual currency trading rules last week, with the country’s government noting it might tax capital gains from virtual currency trade.

Bitcoin 101

Bitcoin Company cryptocurrency Regulation 101

Independent Banker

JULY 30, 2015

In New York, IBANYS plays creative offense and strong defense on several issues. The Independent Bankers Association of New York State has been actively advocating for several initiatives to enhance community banking and the communities and customers our members serve. By John Witkowski. 3616 and A. 4785 and A.

Community Bank 70

Community Bank New York Community Taxes 70

PYMNTS

MAY 27, 2016

The B2B venture capital roundup this week is flush with startups providing services to other corporates that, in one way or another, impact the business’ bottom line. The funding was led by Accion Frontier Inclusion Fund, with participation from Quona Capital, QED Investors, Kaszek Ventures and Jaguar Ventures, reports said.

Capital 100

Capital Management Taxes Security 100

Bank Innovation

MAY 11, 2017

rehabilitation and growth has lagged behind the rest of the world, youth unemployment in the region continues to grow, political unrest is destabilising the continent, the progressive socio-economic pledge of Europe is being challenged and vitally, Europe has failed to develop any new corporate global powers for the digital age.

Regulation 252

Regulation Regional Apple America 252

PYMNTS

JULY 6, 2020

115,000 worth of fraudulent payments were reportedly made by former leaders of a small town in Missouri , the New York Times recently reported. Attorney David Anderson releasing a statement last month noting that the shop “was not paying required payroll taxes for his employees” despite obtaining the PPP funding.

Fraud 148

Fraud Missouri California Report 148

Independent Banker

MARCH 31, 2022

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. At-large director Jill Sung (not pictured), President and CEO, Abacus Federal Savings Bank, New York City. For instance, ICBA is calling for congressional hearings on the credit union tax exemption.

Community Bank 239

Community Bank Community Industry Texas 239