The IRS increased the 1099-K reporting thresholds, impacting companies and payment processors. Lower thresholds result in more transactions being reported, so it's important that companies monitor payments, keep accurate records, and comply. Timing these changes now avoids errors, penalties, and ensures smooth tax reporting in future years. What is Form...
Top 5 Payment Processing Trends U.S. Businesses Should Watch in 2025
The payment processing landscape in the U.S. is changing with lightening-fast speed as technology changes, consumer habits shift, and regulation grows more intense. There are several payment processing trends emerging in this light. Contactless payments, mobile wallets, AI-fueled fraud prevention, blockchain: the landscape of how the world pays for things is...