Payments

The Treasury Department suddenly softened its plan to track consumer transactions after critics protested that it would target low-income workers.

Upgrade closes $105M Series E funding round, and Gotransverse joins telecomm industry association.

Small business owners have been coping with unpaid invoices and inadequate accounting during the pandemic and needed to cover expenses by selling family heirlooms and other valuables.

The buy will extend Bill.com's global reach.

Lukka appoints CFO, and DigiCert intros e-signature capability to its PKI management solution.

Mass Pay allows businesses to pay up to 500 employees at once with Ethereum-based cryptocurrency tokens.

The global payments platform provider has acquired TaxJar, which makes sales tax software for internet-based businesses.

The Internal Revenue Service could be doing more to track unreported income flowing through popular peer-to-peer apps like Venmo and Zelle.

The addition of Approve.com allows the payments company to provide an end-to-end procurement-to-payment solution in the cloud.

IwocaPay becomes the first pay later software integration on the Xero accounting software platform.

As businesses struggle with the consequences of the coronavirus pandemic, technology providers are responding with more comprehensive offerings to simplify their operations.

A former senior executive at Wirecard AG escaped from Austria to Belarus on a private aircraft last year with the help of a secret-service agent and a far-right politician.

The software uses machine learning to get smarter with every client payment.

More bucks for the IRS; deductible haircuts; virtues of virtual learning; and other highlights from our favorite tax bloggers.

Many employers are questioning the benefit of the payroll tax deferral.

Germany’s blame game over Wirecard AG’s collapse is focusing on the question of why authorities failed to take a harder look at the payments company before it became the country’s biggest accounting scandal in living memory.

Although many factors lead to payment inefficiencies, businesses can take steps to better manage their working capital performance and efficiency.

The six largest credit card issuers have set aside billions of dollars worth of reserves in response to the novel coronavirus as well as the adoption of the Financial Accounting Standards Board’s new credit losses standard.

Wirecard suffered one of the worst stock slumps in the history of Germany’s benchmark index after revealing that about 1.9 billion euros ($2.1 billion) in cash has gone missing, spooking investors who have endured years of allegations of wrongdoing at the payments company.

Wave Money integrates with Wave’s financial management software for a full money management experience.