Automated Payment Transaction tax

Payment Transaction Fraud Among Key Risks to Business Operations – and Reputation

Retrieved on: 
Wednesday, September 27, 2023
Data Management, Banking, Technology, Professional Services, Payments, Security, Other Technology, Telecommunications, Software, Internet, Finance, Moneta, Human, Risk, Automated Payment Transaction tax, Rivian, Research, Email spoofing, Organization, PWC, Blumberg Capital, FBI, IC3, Fraud, Cryptocurrency

Key findings included that 88% said their organizations had at least one payment transaction fraud in the past two years, while 76% of respondents say it took more than a month to more than a year to discover and remediate these incidents.

Key Points: 
  • Key findings included that 88% said their organizations had at least one payment transaction fraud in the past two years, while 76% of respondents say it took more than a month to more than a year to discover and remediate these incidents.
  • Beyond losing capital, the number one negative consequence following a fraud incident is reputational damage with business partners and consumers, with 60% of survey respondents reporting a hit to their reputation and brand.
  • Transaction fraud not only affects the financial well-being of businesses, but also damages their reputation, erodes public confidence, and can result in costly regulatory scrutiny.
  • Additionally, recovering from fraud requires significant time and resources that could otherwise be allocated toward growing the business.

TeamSnap Unveils New Registration System Aimed to Deliver the Most Intelligent Experience in Youth Sports

Retrieved on: 
Tuesday, July 25, 2023
Parent, Digital wallet, Business, Volunteering, Organization, Athlete, Progressive List for Peace, Sport, Collection, Apple Pay, Document, Growth, Automated Payment Transaction tax, Software, Nursing, Property management, Management, Online shopping, Internet service provider

CHICAGO, July 25, 2023 /PRNewswire/ -- TeamSnap, the online community for everything youth sports, today announced its all new solution, TeamSnap Registration. TeamSnap Registration brings club and program organizers everything they need to register players and staff, collect fees, and ensure all forms and documents are completed in a flexible, easy-to-use interface.

Key Points: 
  • The announcement of TeamSnap Registration comes on the heels of the launch of the newly revamped TeamSnap for Business , announced just last month.
  • TeamSnap Registration is available only on TeamSnap for Business.
  • "The new TeamSnap Registration is the result of a multi-year investment in working with customers to create a simple yet powerful registration system.
  • TeamSnap Registration is powered by advanced logic, which provides administrators complete control over how questions and fees are presented to families and athletes.

Bakkt Reports First Quarter 2023 Results

Retrieved on: 
Thursday, May 11, 2023
Technology, Mobile, Wireless, Finance, Banking, Professional Services, Digital Cash Management, Digital Assets, Software, Retail, Online Retail, Crypto, Automated Payment Transaction tax, Digital, Bakkt, EBITDA, Acquisition, Financial result, Cryptocurrency

Total operating expenses for the three months ended March 31, 2023 include restructuring costs of $4.3 million.

Key Points: 
  • Total operating expenses for the three months ended March 31, 2023 include restructuring costs of $4.3 million.
  • Full year 2023 outlook for crypto costs and execution, clearing and brokerage fees of ~$1,868 million – $2,376 million.
  • Financial results for remainder of 2023 expected to be approximately free cash flow breakeven, excluding deal costs.
  • Bakkt will host a conference call at 9:00 AM ET, May 11, 2023.

TessPay Announces Acquisition of Create.iF

Retrieved on: 
Tuesday, December 6, 2022
Northwestern University Master of Product Design and Development Management, Construction management, Employment, MD, Smart contract, Knowledge, Quantity surveyor, Quantity, Property technology, Automated Payment Transaction tax, Acquisition, Construction, Bank

This acquisition will provide TessPay the ability to expand beyond their wholesale telecom business that processes approximately $20 million in monthly cross border voice calls, leveraging Create.iF's clients and industry experience to facilitate financing transactions for major construction projects.

Key Points: 
  • This acquisition will provide TessPay the ability to expand beyond their wholesale telecom business that processes approximately $20 million in monthly cross border voice calls, leveraging Create.iF's clients and industry experience to facilitate financing transactions for major construction projects.
  • "The acquisition of Create.iF opens up incredible expansion opportunities for our company," says CEO of TessPay, Jeff Mason.
  • TessPay operates a secure payments platform that combines Smart Contracts and Automated Payments to guarantee daily settlements for wholesale telecom carriers.
  • The TessPay system offers liquidity that allows lender funding, payment assurance, fraud mitigation, and secure transparency throughout each step of every transaction.

Katten's Claudine Chen-Young to Head Women in Securitization

Retrieved on: 
Tuesday, January 25, 2022
University, Automated Payment Transaction tax, Education, Industry, Director, Partnership, SFA, Knowledge, Government, Trustee, Mentorship, Student, Board, Policy, Intellectual property, Popular Executive Committee of Valencia, Executive Committee, Bankruptcy, District, Business, ERISA, Insurance, Woman, Katten, Free and Solidary

WASHINGTON, Jan. 25, 2022 /PRNewswire/ --Katten announced today that Claudine Chen-Young, a partner in its Structured Finance and Securitization practice in Washington, is the newly named chair of Women in Securitization (WiS), an arm of the Structured Finance Association (SFA) offering education and other resources to help women develop, advance and remain in the industry.

Key Points: 
  • WASHINGTON, Jan. 25, 2022 /PRNewswire/ --Katten announced today that Claudine Chen-Young, a partner in its Structured Finance and Securitization practice in Washington, is the newly named chair of Women in Securitization (WiS), an arm of the Structured Finance Association (SFA) offering education and other resources to help women develop, advance and remain in the industry.
  • "Claudine is a proven leader who understands what is required to elevate women in our industry and is very much equal to the task."
  • In her practice at Katten, she helps banks, private equity firms and similar institutions buy and sell mortgage assets and structure the financing of them, including through securitization.
  • The SFA works to help the economy grow by helping to enable greater credit access to the industry, consumers and investors.

Katten Bankruptcy Team Wins Numerous Turnaround Awards From The M&A Advisor

Retrieved on: 
Monday, September 20, 2021
Plan, Chapter 15, Title 11, United States Code, W.F. Young, Inc., DIP, Committee, Mytheresa, Sale, Lawsuit, Real estate, Company, Automated Payment Transaction tax, Cirque du Soleil, Neiman Marcus, Creditor, Insolvency, United States bankruptcy court, Acquisition, Unsecured creditor, Le Pain Quotidien, LPQ, JCPenney, Hair, Corporation, Private credit, Intellectual property, Official Committee of Equity Security Holders, Ernst & Young, Chapter 11, Title 11, United States Code, Government, Debtor, Skin, Chapter Seven, Security (finance), Airline, Credit

Moreover, the Katten team has broad experience in handling Chapter 15 cases, acquisitions of distressed assets, and representing creditors' committees.

Key Points: 
  • Moreover, the Katten team has broad experience in handling Chapter 15 cases, acquisitions of distressed assets, and representing creditors' committees.
  • Katten represented the independent directors of J.C. Penney Corporation, Inc. in its Chapter 11 cases.
  • The Katten team was led by Steven J. Reisman and included Insolvency and Restructuring partner Geoffrey King and Litigation partner Robert T. Smith.
  • Katten represents public and private companies in numerous industries, as well as a number of government and nonprofit organizations and individuals.