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Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO Denies Apple Card Credit Bias Claims

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Goldman CEO Denies Claims Of Apple Card Credit Biases. South Dakota Decision. Lawyer George Isaacson argued Wayfair’s side in the landmark 2018 South Dakota v. Isaacson has watched remote sales tax policies unfold since that time in a flurry of new laws that differ by state, and even municipality.

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Top News In Payments: Zuckerberg Tells Congress Libra Fills A Void, PayPal Hits New Growth Milestone

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Visa Partners With Revolut To Introduce Multi-Currency Debit Card. Revolut and Visa have teamed up on a multi-currency travel debit card in Singapore. The new card offers users the ability to spend overseas in over 150 currencies at the real exchange rate and without hidden fees. . After the 2018 South Dakota v.

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Apple Pay And A Decade Of Innovation Top Payments News This Week

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We have deep, data-supported dives on Apple Pay, the outlooks for payments innovation in the 2020s, web sales taxes and Amazon’s holiday shopping season news. Cards in the field, so to speak, were up 4 percent year on year to 3.4 NRF On The Case For Revising eCommerce Sales Tax Laws. The 2018 South Dakota v.

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Wells Fargo’s Q2 Disappoints After Scandals

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The current quarter included a 10-cent per share income tax expense. . Second-quarter net income was impacted by a $481 million one-time expense resulting from a key Supreme Court decision related to online sales, South Dakota v. Wayfair, which impacted how states may collect taxes on sales made by out-of-state sellers. .

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MetaBank, Fiserv To Issue Preloaded Visa Cards For Stimulus Payments

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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.