Financing a new or used car is more expensive than ever, new research shows. Amid rising interest rates and elevated auto prices, the share of new car buyers with a monthly payment of more than $1,000 jumped to a record high, according to Edmunds. The average price paid for a new car in December set a … Read more
Svetikd | E+ | Getty Images The IRS has delayed, for a year, when payment services such as Paypal and Venmo and e-commerce companies such as eBay, Etsy and Poshmark will have to issue tax forms to individuals whose business transactions through those platforms exceed $600. The agency on Friday said that such third-party platforms won’t have … Read more
Pharmacies in Ukraine are embracing digital payments amid the ongoing war, with a major local pharmacy chain enabling payments in cryptocurrencies like Bitcoin (BTC). ANC Pharmacy, one of the biggest pharmacy chains in Ukraine, has partnered with Binance Ukraine to debut cryptocurrency payments via contactless crypto payment service Binance Pay. Starting from Jan. 3, ANC … Read more
Bloomberg | Bloomberg | Getty Images More than 147 million people’s data was compromised In the wake of Equifax’s 2017 data breach, which compromised the personal information of more than 147 million consumers — including names, birthdates and Social Security numbers — the company became the target of multiple lawsuits and reached a settlement in … Read more
Student-loan borrowers got a break this week, but that doesn’t mean they can spend more for the holidays. The Biden administration on Wednesday extended a pause on student loan payments, yet borrowers should prepare for the eventual resumption of payments by saving the amount they would otherwise owe, experts advise. Source link
Visa reports November U.S. payments volume up 9% Y/Y Source link
The IRS on Tuesday shared tips for the upcoming tax season — including a reminder about the new $600 threshold for receiving Form 1099-K for third-party payments. The change applies to payments from third-party networks, such as Venmo or PayPal, for transactions such as part-time work, side jobs or selling goods, according to the IRS. … Read more
The IRS last month began alerting 9 million people that they could still claim thousands in stimulus and Child Tax Credit payments. If you are one of those people, you have only one day left to claim the funds, with the tax agency setting a deadline of November 17 to get the money. The IRS … Read more
Amadeus next year plans to launch a new payments-focused business, with a prepaid virtual card on tap to be its first offering, the company announced. The new business, Outpayce, will be wholly owned by Amadeus and would build upon the company’s current business line by offering its own regulated services. Amadeus has applied and is … Read more
Payments company Curve is in active discussions to acquire crypto lender BlockFi’s more than 87,000 credit card customers — whose credit cards have been suspended since Nov. 11. A Curve spokesperson told Cointelegraph that “outreach and negotiations” started on Nov. 12 and are still in the process with Banking as a Service (BaaS) company Deserve, … Read more