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Fizzle Of The Week: The Cannabis Payments Conundrum

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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
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The Dawn Of A Cashless Global Economy?

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There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. adults still prefer to use cash for purchases under $5, while 22 percent use debit cards and 11 percent use credit cards.

Taxes 100
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Credit Union Helps US Marijuana Businesses Put Down Roots

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Massachusetts joins a handful of states, including Colorado, Washington and Maine, that have taken steps to legalize recreational marijuana. GFA, however, will offer basic financial tools to these businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services.

Colorado 126
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Wells Fargo To Settle Navajo Nation Lawsuit For $6.5M

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The tribe alleged that Wells Fargo — the only national bank that services its territory — preyed on people by opening unauthorized bank accounts and debit cards, and by pressuring people, especially the elderly, to enroll in services they did not need. shareholder derivative lawsuit.

National 108
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What It Takes To Enable Instant Earned Wage Access

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Integrating such solutions can be complex, though, and employers and payment solutions providers must carefully determine how to make earnings available while still accounting for deductions such as taxes and garnishments. . The remainder is then disbursed to each employee. . We did not want things to go into arrears.” .

Taxes 100
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Data Dive: The Yes, No, Gotcha! Edition

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Credit Karma said yes to early tax refunds for consumers – for free. Good Tax Lending Karma. Good news for consumers avidly awaiting their tax refund for 2018: Credit Karma Tax is rolling out a new product call Earlybird Advance, an online refund advance service. And that was just Tuesday.

Taxes 105
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Who Should Lead The Digital ID Push?

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The app stores digital versions of documents like drivers’ licenses, health cards and other forms of identity. Use cases for the digital ID wallet could include accessing age-restricted places like bars, signing into services like online tax filing or verifying identities at polling stations.

Wyoming 136