PYMNTS

SEPTEMBER 15, 2020

Hotels.com has launched a credit card to help users access rewards, according to CNBC. The card is backed by Visa and issued by Wells Fargo. It will build on the existing Rewards program for Hotels.com, which allows users to earn rewards, or “stamps” as they’re termed, for every stay they book through the site, CNBC reported.

Cards 183

Cards Taxes Report 183

PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. Going cashless has long been a conversation in the consumer payments world, but a report from HSBC in the U.K.

Cards 188

Cards Payments Taxes Study 188

Accenture: Banking

MAY 30, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Loss rates increased slightly YoY, and issuer after-tax returns are strong for those that report. Key themes.

Cards 177

Cards US Taxes Apple 177

PYMNTS

NOVEMBER 23, 2018

To counter fraud as the holiday season approaches, Best Buy , Target and Walmart made changes to their gift card programs. The moves were announced by the attorneys general of Pennsylvania and New York, Reuters reported. With the new policies, changes include lowering the transaction limits on the sale of store-branded gift cards.

Fraud 156

Fraud Cards Retail New York 156

PYMNTS

AUGUST 10, 2020

Consumers and other businesses can access their tax refunds, benefits, freelance income, insurance claims, dividend payments and other disbursements within 30 minutes of being paid — sometimes even within seconds. The funds can then be deposited into any type of account, including a bank account, prepaid card or digital wallet.

Report 228

Report Payments Millennials Cards 228

PYMNTS

JULY 13, 2020

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. .” Abra, which works by letting users bet on price movements of listed U.S.

Taxes 170

Taxes Bitcoin Capital cryptocurrency 170

PYMNTS

AUGUST 26, 2019

Thailand hopes to annually collect 3 billion to 4 billion baht ($98 million to $131 million) by introducing a tax on tech businesses, Reuters reported on Monday (Aug. If approved by Parliament, Thailand will institute a value-added-tax starting next year on electronic businesses, leveraging the eCommerce boom in the country.

Taxes 139

Taxes social media Cards Mobile 139

PYMNTS

MARCH 17, 2020

The federal tax filing deadline in 2020 has been waived in the wake of coronavirus disruptions. But come coronavirus or the Martian measles, taxes will be filed, and refunds issued. But come coronavirus or the Martian measles, taxes will be filed, and refunds issued. It’s unprecedented. Amazing development.

Taxes 130

Taxes United States Millennials Payments 130

PYMNTS

MARCH 10, 2017

Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015. What’s Next In Tax Fraud. Cybercriminals aren’t always going to go after credit card information, because they don’t have to.

Taxes 144

Taxes Fraud Risk Management Data 144

PYMNTS

APRIL 30, 2020

Treasury will allow two financial technology companies to issue prepaid Visa cards loaded with coronavirus stimulus payments. Reuters reported its sources confirmed MetaBank of South Dakota and Wisconsin-based Fiserv got the go-ahead following lobbying of the Internal Revenue Service (IRS) by payment industry groups.

South Dakota 186

South Dakota Cards Wisconsin Payments 186

PYMNTS

DECEMBER 23, 2019

Indonesia has announced it’s going to reduce the threshold for taxing imported eCommerce consumer goods from $75 to $3, to help control the purchases of cheap foreign goods and help protect smaller Indonesian firms, according to a report by Reuters. They’ll be taxed at a rate of 32.5 million last year and 6.1 percent to 37.5

Taxes 134

Taxes Capital Conference Cards 134

PYMNTS

MARCH 16, 2020

Payhawk , which makes next-generation paperless company cards, closed a 3-million-euro ($3.35 million) seed funding round primarily aided by Earlybird’s Digital East Fund, according to reports. Payhawk aims to eliminate the divide between corporate cards and expense management, working on top of existing banks.

Cards 167

Cards Metro Taxes System 167

PYMNTS

OCTOBER 1, 2020

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. 1: Instant disbursements as a percentage of all non-tax disbursements in the U.S. The study surveyed more than 5,000 U.S. Fast Fact No. are growing — but slowly. percent in 2019 and 9.5

Trends 306

Trends Study Taxes Payments 306

PYMNTS

FEBRUARY 23, 2020

Intuit is known for making online tax filing service TurboTax, which is used by millions of people. Credit Karma offers a number of services including free access to one’s credit score and borrowing history, alerts to potential data breaches, and tax preparation and filing. The company makes money when users use those products.

Report 180

Report Taxes Online Financial Technology 180

PYMNTS

JANUARY 7, 2021

Many Americans are reporting frustration after not receiving their second stimulus checks within the past week, according to CNBC Thursday (Jan. But instead of the instantaneous payments, some residents are receiving messages that they can only get their checks after filing their 2020 tax returns, per CNBC.

Payments 244

Payments Taxes Report Cards 244

Accenture: Banking

AUGUST 20, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Despite ongoing rewards competition, card profitability remains strong. Retail Card, Payment Solutions, and CareCredit).

Cards 150

Cards US Capital Apple 150

PYMNTS

OCTOBER 11, 2019

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

Taxes Course Company Training 123

PYMNTS

OCTOBER 5, 2016

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

Cards 189

Cards Google Tools Regulation 189

PYMNTS

OCTOBER 1, 2019

Japan has introduced a system of cash-back rewards points in response to increasing the consumption tax from 8 percent to 10 percent. The new system — which rebates the tax increase in some stores when paying with a card rather than cash — will run until June 2020. While there were some system problems reported on Tuesday (Oct.

Taxes 101

Taxes System Retail Security 101

PYMNTS

AUGUST 8, 2019

Chase Bank credit card customers in Canada were treated to an unusual gift when the lender forgave their outstanding debt, Fortune reported on Thursday (Aug. Rewards Visa and Marriott Rewards Premier Visa Two credit cards can consider their obligation paid as Chase prepares to leave the Canadian market. Holders of the Amazon.ca

Cards 136

Cards Taxes cryptocurrency Payments 136

PYMNTS

FEBRUARY 13, 2019

Prepaid debit cards are playing an important role. Eventually, the organization had to rely on prepaid debit cards, specifically for moving money from “New York to Colombia and Ecuador to buy more cocaine.” After the cards arrived in South America, the cartel hired workers to withdraw the money from ATMs.”. Too Much Cash.

Cards 147

Cards Operations New York City Regional 147

PYMNTS

AUGUST 10, 2020

Instant payments that enable the 24/7, year-round transfer of tax refunds, benefits, dividend payments and other disbursements could be key to quickly getting them money for much needed purchases within 30 minutes or less. This is in turn driving a need for fresh financial solutions that can help customers pay — and get paid — fast.

Millennials 222

Millennials Data United States Report 222

PYMNTS

JULY 15, 2019

In Australia, a new report shows just how widespread internal fraud in the Commonwealth, aimed at government agencies, has become. This past week it was reported that, per an investigation by the Australian Institute of Criminology, such fraud amounted to $42 million over the past year. Grayson Jr., owner of Zealcon Corp.,

Fraud 109

Fraud Cards Taxes Payments 109

PYMNTS

JANUARY 26, 2018

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. Easy come, easy go, in crypto-driven enrichment.

Bitcoin 123

Bitcoin Taxes cryptocurrency Regulation 123

PYMNTS

NOVEMBER 30, 2020

Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach. Virtual Card Payment Trends. Merchants’ efforts to please shoppers have ushered in a wave of virtual card activity in recent months, Knutson said.

Cards 151

Cards Security ATM Data 151

PYMNTS

APRIL 27, 2020

Nothing brings money to top of mind like tax season — and tax refunds and stimulus payments , doled out in the wake of a pandemic known as the coronavirus. The trillions of dollars in stimulus funding and tax refunds being extended to families, individuals and businesses is coming — but slowly. Tax refunds? Very slowly.

blockchain 272

blockchain Taxes Industry Payments 272

Abrigo

FEBRUARY 28, 2025

This is a nearly 10% increase in complaints received and a 22% increase in losses and thats just fraud that was offically reported. The Global Anti-Scam Alliance reports that s cammers siphoned away over $1.03 880,418 c omplaints were registered, with potential losses exceeding $12.5 trillion globally in 2024.

Fraud 221

Fraud social media Training Community 221

Chris Skinner

FEBRUARY 24, 2017

The post Things worth reading: 24th February 2017 appeared first on Chris Skinner's blog.

Taxes 190

Taxes Fintech Security Cards 190

PYMNTS

NOVEMBER 13, 2020

But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. and Hong Kong.

Capital 229

Capital Cards Fintech Payments 229

PYMNTS

APRIL 15, 2019

“For many businesses, reconciling B2B transactions can be challenging due to lack of robust reporting tools,” the company said in a release. Users will see a detailed overview of each item, like description, price and tax info, which will help companies track expenses and streamline auditing of expense reports.

Data 177

Data Taxes Tools Analytics 177

PYMNTS

JULY 19, 2020

Rajnish Kumar, chairman of the State Bank of India , the country’s largest lender, said the resurgence of the coronavirus jeopardizes reform of the financial system, the Financial Times (FT) reported. “If Among the problems is a history of bad lending decisions and poor governance, the newspaper reported.

System 204

System Mobile Taxes Analysis 204

PYMNTS

SEPTEMBER 18, 2019

TransferWise, one of Europe’s top five FinTech startups , announced profits for the third fiscal year in a row, with revenue after taxes 66 percent higher than last fiscal year, CNBC reported on Wednesday (Sept. TransferWise has so far raised $689 million in venture funding. .

Report 115

Report Fintech Capital Taxes 115

PYMNTS

NOVEMBER 20, 2018

With payment bigwigs like Visa , Mastercard and American Express pushing further into the B2B payments space, commercial card adoption is being driven by more than growth in the number of card products available. “It streamlines payments and ease of paying by card,” Weiss told PYMNTS in an interview.

Cards 118

Cards Fraud Taxes Data 118

BankBazaar

NOVEMBER 13, 2024

1) Kindness in Staying Out of Credit Card Debt Credit Card debt is more than just a financial burden—it can also bring stress, anxiety, health issues and even strain on relationships. Additional reading: 8 Credit Card Hacks to Crack Festive Season Savings! Consider this as a form of kindness, too.

Taxes 78

Taxes Cards Exercises Security 78

PYMNTS

JANUARY 3, 2021

The intruder or intruders did not, T-Mobile stated, have access to “names on the account, physical or email addresses, financial data, credit card information, social security numbers, tax ID, passwords, or PINs.”. “We 29, according to the tech website bleepingcomputer.com , which was among the first news outlets to report the breech.

Mobile 213

Mobile Data Taxes Security 213

PYMNTS

SEPTEMBER 23, 2019

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

Cards Data Florida Fraud 124

PYMNTS

MAY 19, 2020

BlockFi suffered a “temporary data breach” on May 14 that exposed some customer information, the company reported in an incident report. In other news, the government of Iran is aiming to limit digital currency exchanges with so-called “currency smuggling” regulations, CoinDesk reported.

Data 212

Data Bitcoin cryptocurrency Taxes 212