Reinventing Sales Tax


Sales tax is a a system that is now on the verge of collapse

Futurist Thomas Frey:  As a general rule, extreme levels of complexity take a significant toll on society. The price we pay for complexity is far greater than the money involved. With upwards of 90,000 separate taxing districts in the U.S. sales tax has become an overly complicated system deeply entrenched in the fabric of society, but woefully out of touch with the times.


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Dynamics Card 2.0 – Putting Multiple Credit Card Accounts on the Same Plastic

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Dynamics Card 2.0 MultiAccount

The worst part about getting your credit card declined? Reaching back into your wallet to find one that works. Embarrassing! The Dynamics Card 2.0 MultiAccount feature solves that by putting two different accounts on the same piece of plastic.


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Twitter Founder Jack Dorsey Announces Latest Venture

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Payment device attached to an iPhone for swiping cards

Twitter founder Jack Dorsey announced his latest venture, a company called Square. As an attempt to solve many of the key issues associated with accepting online payments, Square promises a refreshingly simple system for cutting through the red tape.

In February 2009, Jim McKelvey wasn’t able to sell a piece of his glass artbecause he couldn’t accept a credit card as payment. Even though a majority of payments has moved to plastic cards, accepting payments from cards is still difficult, requiring long applications, expensive hardware, and an overly complex experience. Square was born a few days later right next to the old San Francisco US Mint.
Today the Square team is focused on bringing immediacy, transparency, and approachability to the world of payments: an inherently social interaction each of us participates in daily. We’re starting with a limited beta and rolling out to everyone in early 2010.
Square is backed by Khosla Ventures and a team of angels.
Square, Inc. has offices in San Francisco (Product & Engineering), Saint Louis (Operations), and New York City (Risk & Partnerships).

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Micropayments Finally Finding a Home

 Micropayments Finally Finding a Home

Virtually everyone can afford micropayments, but they haven’t caught on until now

Micropayments have been one of the Internet’s most-hyped and least-successful ideas — until now, as virtual world creators and video game companies are beginning to expect, and even depend on, players to buy virtual goods in little chunks.

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