In New Jersey, if you accept bitcoin as a retailer, you must collect sales tax — twice. That’s the word from the New Jersey Division of Taxation, which has issued a technical advisory memorandum spelling out the tax implications of cryptocurrency in the Garden State....
Despite complaints that the new rules are costly and difficult to follow, PayPal and its parent company eBay have announced that they will be the first U.S.-based companies to submit to new Russian rules that require Web companies to store Russian users’ data in Russia. Get the...
The rumors have resurfaced again – Google is looking to buy Twitter – and investors have taken notice with shares in the social media site jumping by almost 5 percent and adding a billion and a half to the company’s overall value. Get the Full...
An eCommerce executive will plead guilty and pay a $20,000 fine in the U.S. Justice Department’s first prosecution for online price fixing, the department announced on Monday (April 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Microsoft has officially entered the world of payments. The Windows software giant has received its first money transmitter license from the state of Idaho’s Department of Finance, USA Today reported on Monday (April 6). Get the Full Story Complete the form to unlock this article...
Apple Pay is violating the Dodd-Frank Act’s Durbin amendment, retailer groups say — at least the way Apple’s mobile payments system is currently implemented — and the groups are calling on Apple, Visa and MasterCard to meet the requirements of the law, American Banker reported...
The war of words over whether the U.S. federal government should beef up regulation of retailers’ data security got another salvo from a credit-union organization last week, in a letter telling congressional leaders that retailers should be regulated like financial institutions. Get the Full Story...
Control of the money transfer system in the U.K. is changing hands. Going forward, the Payment Systems Regulator – a watchdog group set up as part of the Financial Conduct Authority to regulate Britain’s payments industry – will be running point on transfers, as opposed...
Following the recent declaration that international cyber threats constitute a “national emergency,” President Obama has declared that the U.S. will seek sanctions on those who launch cyberattacks on U.S. businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
