Myanmar’s detained former leader Aung San Suu Kyi meets Red Cross official

The Internal Revenue Service faces seven major challenges in the coming fiscal year, according to a new report — and while it is making headway in some areas, a scarcity of resources is making them all difficult to address. The new report from the Treasury Inspector General for Tax Administration summarizes the most significant management…

Opinions expressed by Entrepreneur contributors are their own. Key Takeaways College closures are no longer isolated events — they reflect a deeper financial and enrollment crisis.u003cbru003e Declining enrollment becomes dangerous when high costs, debt and outdated operating models pile up.u003cbru003e As every prospective student becomes more valuable, slow and impersonal enrollment processes could make the…

Key insights: BMO and RBC have sold Moneris Solutions — their co-owned payment processing fintech that launched 25 years ago — to private equity firm Francisco Partners for CA$2 billion ($1.4 million), but retained a customer-referral arrangement.  What’s at stake: The deal comes at a time when many banks are looking for ways to monetize…

Key insights: Walmart is supporting Apple Pay after a long holdout, creating new opportunities for banks and payment companies.  What’s at stake: The move resulted from a shift in consumer preference for more digital options.  Expert quote: “Even a retailer with the scale to promote its own payment experience has recognized the value of accepting…

The rupee rose for the third consecutive session on Wednesday to close at a more than one-month high, as the Reserve Bank of India’s (RBI’s) recent forex measures and Governor Sanjay Malhotra’s comments reinforced expectations of further support for the currency, dealers said.   The rupee rose to an intraday high of 94.75 per dollar…

The regulator’s consultation paper, issued on 14 August, seeks to eliminate the requirement for overseas investors to be physically present in India during digital onboarding. If implemented, investors in FATF-compliant countries such as the US, UK, Japan, Canada, Germany and Australia could complete the entire KYC process remotely through web apps, video in-person verification (VIPV)…