Sales Tax Automated Collection (STAC) enables payment providers with the ability to bifurcate state sales tax at settlement without the need to modify devices and solutions at the point of credit and debit card acceptance, reducing overhead for proprietors and ensuring the state obtains unaltered sales tax in near real time upon settlement.

State sales tax collection systems are broken because they rely on ancient methodology

State sales tax collection is vulnerable to fraud and loses money already paid by taxpayers

STAC will help:

capture billions annually in “lost” revenue

result in close to 100% compliance

provide third-party oversight to ensure compliance

transfer financial gains generated by the “float” to the State where it belongs

broaden the tax base without raising taxes