The IRS could owe you money from your 2020 tax return — including an unclaimed 2020 Recovery Rebate Credit — and it’s set to disappear this spring. If you didn’t file your taxes in in 2021 because you didn’t think you qualified, you forgot, or you simply didn’t want to deal with the stress of … Read more
If you have kids, this tax season could mean extra money for you and your family. For starters, Congress is working on a plan to expand the child tax credit by increasing the maximum refundable amount. In addition, you might live in one of the states sending additional child tax credit money this year. This story is … Read more
India’s central bank has extended the deadline for some business restrictions on Paytm’s Payments Bank to March 15 in “larger public interest,” dashing hopes of any major concessions but allowing extra time to comply. The Reserve Bank of India (RBI) said on Friday that Paytm Payments Bank will be barred from accepting deposits and facilitating … Read more
An Indian parliamentary panel has urged the government to support the growth of domestic fintech players that can provide alternatives to the Walmart-backed PhonePe and Google Pay apps that currently command more than 83% of the country’s fast-growing digital payments market. The 58-page report, which includes a series of recommendations, comes at a time when … Read more
A year ago, there seemed to be a glimmer of hope in the cybersecurity industry’s long-running war of attrition against ransomware gangs. Fewer corporate victims of those hackers, it seemed, had paid ransoms in 2022, and cybercriminals were earning less from their ruthless attacks. Perhaps the cocktail of improved security measures, increased focus from law … Read more
Paytm said Thursday that it will cease work with its associate Paytm Payments Bank and accelerate plans to partner with other banks, after India’s central bank barred Paytm Payments Bank from conducting nearly all of its business activities due to supervisory concerns. The Noida-based financial services firm said it expects its loan distribution, insurance distribution … Read more
The Reserve Bank of India issued new curbs against Paytm’s Payments Bank, which processes transactions for financial services giant Paytm, barring it from offering many banking services including accepting deposits, credit transactions, top-ups in customer accounts, prepaid instruments and wallets after February 29. Wednesday’s move follows the Indian central bank ordering Paytm Payments Bank to … Read more
Apple CEO Tim Cook attends the “Senior Chinese Leader Event” held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in San Francisco, California, on November 15, 2023. Carlos Barria | AFP | Getty Images Apple has offered to give rivals … Read more
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Apple will let third-party mobile wallet and payment providers access the iPhone’s NFC capabilities in concessions meant to address a European Commission antitrust investigation, the regulator announced today. The Commission is now seeking feedback on the commitments, which would end Apple Pay and Apple Wallet’s exclusive access to the iPhone’s NFC payment features. It’s the … Read more
The European Union has called for changes to the music streaming business, including fairer royalty distributions and increasing payments to artists. On Wednesday (January 17), the EU adopted a resolution to address the imbalance of revenue allocation in music streaming, including creating a new legal framework for streaming. There are currently no EU rules that … Read more