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Navigating The ‘Hot Mess’ Of Online Food Delivery Sales Tax

PYMNTS

In commerce, when it comes to taxes, new business models beget new (tax) problems. Against that backdrop, tax collection in the nascent restaurant delivery space remains fragmented at best — and confusing at worst. But in many cases, these firms may not be collecting sales taxes at all. billion received in 2017.

Taxes 131
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Virtual Cards and Straight-Through Processing Set To Level B2B Playing Field

PYMNTS

Virtual cards and straight-through processing (STP) are poised to get more attention from buyers and suppliers as the pandemic recedes. Suppliers, he said, have traditionally been less amenable to commercial card payments, but are increasingly starting to accommodate buyers’ payment preferences.

Cards 262
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Brexit And Beyond: Crossing The International eCommerce Tax Rubicon

PYMNTS

But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes. When [eCommerce companies] can’t get through the language barrier, the outcome is large-scale tax evasion, whether through ignorance, or whether through deliberate actions across the world.”.

Taxes 123
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Why Mexico’s SMBs Need A FinTech Operating System And Not Another Bank

PYMNTS

Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. As Poovala told Webster: “We had to get a debit card by actually creating our own startup. It’s been 20 months, and we tried to get a debit card from some of the largest banks.

System 258
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Top 5 Trends to Watch in 2018

Bank Innovation

Then of course there are various other events sweeping the financial services space, from new tax laws in the U.S., EXCLUSIVE — It’s not even a month into 2018 and already so much has changed. The cryptocurrency bitcoin, which shocked everyone by surpassing $17K, further shocked everyone by dropping below $10K.

Trends 299
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Bitcoin And The Bitter Tax Bite

PYMNTS

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride.

Bitcoin 123
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Some Fraudsters Go Low-Tech To Grab Credit Card, Personal Data

PYMNTS

As we noted in the recent Digital Banking Tracker, the CNP fraud has taken a leg down in favor of fraud that looks to snag credit card numbers. They took the details and applied for credit cards. She also submitted a false tax return in 2016, omitting those funds as income. Sometimes the methods are decidedly old school.

Cards 124