Sat.Mar 07, 2020 - Fri.Mar 13, 2020

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Space Coast Business – Women in Business

SMBAccountant

Shannon Bloom featured in SCB’s Women in Business. Shannon continues to impress! Check out her feature in Space Coast Business – Women in Business issue! Be on the lookout for more articles as she continues to grow SMB Accounting and Consulting. View the Article Online.

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The Innovative ‘Green Shoots’ Growing Out Of COVID-19’s Scorched Earth

PYMNTS

There seem to be countless sources of collateral damage associated with the unexpected appearance of COVID-19 in early 2020 – the shutdown of production in China, the ripples through the global supply chain, the virtual zeroing out of the travel and events vertical and the carnage on Wall Street. The uncertainty injected into the market, as Ning Wang, co-founder and chief business officer at PingPong , told Karen Webster in a recent conversation, is having undeniable effects worldwide – which ar

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COVID-19 Update: An Important Message to Our Clients and Friends

Katz,Sapper&Miller

As Katz, Sapper & Miller continues to closely monitor the novel coronavirus outbreak (COVID-19), the health and safety of our people, clients, families, and communities remain a top priority for us. With this situation rapidly evolving, we feel it is important to update you about the steps we are taking across our firm to manage through this crisis.

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What Employers Need to Know About Taxable Wages

Patriot Software

Part of being an employer is withholding taxes from your employees’ wages before giving them their paychecks. That’s why you need to understand taxable wages before you run payroll. Remember how surprised you were when you saw the chunk of cash taken out of your first paycheck for Uncle Sam? Fortunately for workers, not all […]. The post What Employers Need to Know About Taxable Wages appeared first on Patriot Software.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Space Coast Business – Women in Business

SMBAccountant

Shannon Bloom featured in SCB’s Women in Business. Shannon continues to impress! Check out her feature in Space Coast Business – Women in Business issue! Be on the lookout for more articles as she continues to grow SMB Accounting and Consulting. View the Article Online.

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French Court Says Bitcoin Is Money

PYMNTS

A French court has decided that bitcoin is money, the first time a court in France has issued such a ruling, according to a report from Les Echos Sunday (March 8). The decision came about following a clash between the Bitcoin marketplace Paymium and the crypto investment company BitSpread. The result of the ruling could lead to more activity in the French bitcoin market.

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Biometrics: The Key To Overcoming Contactless Payment Limits?

PYMNTS

Digital identity solutions are becoming more and more commonplace, especially as consumers grow increasingly aware of the weaknesses of authentication methods like passwords. A recent study found 32 percent of security incidents in 2019 involved phishing and 29 percent involved stolen credentials, both of which would have been much more difficult had secure digital ID systems been in place.

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Apple Resumes Operation Of All China Retail Locations

PYMNTS

After it was forced to shutter its retail locations in China because of the spread of COVID-19, Apple Inc. has reportedly put all of them back into operation. The closures were one of the main reasons the tech company cited for removing its March quarter sales outlook, Bloomberg reported. Apple has been slowly reopening the locations, with 38 of the 42 shops open for business as of last week.

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Making Invisible Payments More Than A Buzzword

PYMNTS

From cash and coins to mobile wallets to wearables … to invisible payments. About 90 percent of purchases are still being made in-store, but the payment modalities are changing — and rapidly. To that end, said Matt Good, senior vice president and general manager of Elan Advisory Services , in an interview with PYMNTS, fledgling ways to pay — where wearables are wielded as payment instruments, and where mobile wallets replace leather ones — will soon become everyday methods.

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Joust To Finance Freelancers’ Outstanding SXSW Invoices

PYMNTS

Joust, a banking app in Austin, has announced it will pay users on their unpaid SXSW invoices to help them deal with the cancellation of the huge yearly festival, according to a release. Joust, which was a finalist for the 2020 SXSW Innovation Awards, said it will offer any affected users zero payment processing fees on its FDIC-insured free bank account.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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How JD.com Uses AI To Connect Consumers With Commerce

PYMNTS

There is nothing worse than trying to get customer service from a less than fully functional chatbot or automated voice system. Ask it a question it gives an answer, just perhaps not a relevant one to the question asked. Re-phrase and re-ask, and the consumer might do better — but it’s likely they get the same bad answer, or the bot digs deep and finds a way to give a worse one.

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Alipay Launches Strategy For Massive Digital Evolution In China

PYMNTS

Ant Financial , a division of China’s eCommerce giant Alibaba, has launched a three-year strategy to make its Alipay mobile app platform available to 40 million service providers so they can digitize their offerings, Alipay said in a press release on Tuesday (March 10). Alipay, the biggest payment platform worldwide, is aiming to solidify its position in China.

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Santander Purchases Majority Stake In Mercury TFS With €30M Investment

PYMNTS

As part of its digital plans to speed up growth by purchasing shares in companies, Banco Santander is buying a majority stake in Mercury TFS. The bank is making an investment of €30 million in the firm, which automates as well as digitizes management of trade finance transactions for corporate clients from start to finish, according to an announcement.

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Latest AI Playbook: Many FI Systems Are Too ‘Artificial’

PYMNTS

For all the talk about artificial intelligence (AI) in financial circles at present – it seems everything is “AI-powered” – it turns out there’s a lot less genuine AI in place than we might have imagined. The March 2020 Unlocking AI Playbook: FI Edition , a PYMNTS and Brighterion collaboration, explains that while the use of AI solutions by banks and financial institutions (FIs) skyrocketed 70 percent in a single year (2018-2019), less than 10 percent of all banks say they use AI today.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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How Hospitals Use AI To Triage The Triage

PYMNTS

Unless one is having a medical emergency, going to an ER, in general, is often not the best way for a patient to receive care for more minor ailments. It is expensive, especially for the uninsured, but increasingly for the insured with a high deductible as well. It’s also incredibly time-consuming; ERs by nature of what they are triage patients in order of need, meaning if one is not profusely bleeding, unconscious, actively having a heart attack or a baby, the wait can be long.

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Amazon To Deliver Coronavirus Test Kits In Seattle

PYMNTS

To assist in bringing at-home testing kits for COVID-19, the disease caused by the coronavirus , to homes of Seattle-area residents, Amazon Care is reportedly in discussions with local health groups, according to a CNBC report. The talks have been occurring for over a week, according to unnamed sources. Amazon Care rolled out last fall as an experimental effort to provide employees and dependents in the area of Seattle with high-quality health care.

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Airbnb Sees 40 Percent Drop In Bookings; Delays IPO

PYMNTS

The toll of the coronavirus on businesses has hit everything from tourism to large gatherings like concerts and conventions. With those goes the value of Airbnb , which saw its bookings fall by 40 percent, according to published reports Thursday (March 12). According to independent data from analytics group Airdna, the drop was largest in China (previously the fastest-growing market for the rental platform) and parts of Europe where the virus has hit the hardest.

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How To Compete With Banks: Start With First Principles

PYMNTS

Aristotle may have originated the notion of first principles thousands of years ago, but it would take Elon Musk to add a contemporary business flair to that method of analyzing business problems. First principles is the discipline of going back to the rudimentary sources of truths for any problem or situation, and then designing a solution only after truly understanding those foundational elements.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Fiserv On Why 2020 Is ‘The Year Of P2P’

PYMNTS

Will this be the year that real-time payments — and, especially, peer-to-peer (P2P) — reach critical mass in the United States? In an interview with PYMNTS, Matt Wilcox, senior vice president of payments innovation at Fiserv , said recent data points show that an increasing number of financial institutions (FIs) are determined to satisfy a real demand for real-time transactions.

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Blockchain.com Unveils ‘Borrow’ Service

PYMNTS

To allow users to borrow against their holdings, digital currency wallet and exchange company Blockchain.com unveiled a “Borrow” Service. The offering will provide loans in stablecoins that are denominated in U.S. dollars against bitcoin holdings kept in the Blockchain Wallet, Coindesk reported. Blockchain Co-Founder and CEO Peter Smith said per the report, “Institutional and retail investors have the same financial goals — grow wealth and manage risks — but the tools at their disposal are vastl

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The Real-Time Disruption Of Banking And Business

PYMNTS

Faster payments are only one example of the effects of a world moving toward real-time everything, with growing customer demands driving change in the way banks and businesses operate themselves. As such, the consequences of real-time payments aren’t solely impacting consumers’ peer-to-peer ( P2P ) transaction activity. Indeed, services like Zelle and The Clearing House’s RTP are impacting, both directly and residually, financial processes of banks, small- to medium-sized businesses (SMBs)

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How Blockchain Is Transforming The Supply Chain

PYMNTS

There are two terms seen a lot in juxtaposition to supply chain lately: coronavirus and blockchain. One is putting a lot of stress on the supply chain, while the other is ready to revolutionize it. Some new use cases and a new report put blockchain and the supply chain in perspective. First, it is becoming evident that blockchain is becoming something of a “safe deposit box” for retail data, offering a digital method for storing and sharing data between multiple stakeholders.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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How Headless Commerce Can Level The eCommerce Playing Field

PYMNTS

It’s a simple concept, but one that is quickly revolutionizing how consumers buy from eCommerce. It’s called headless commerce. Aside from the funny name, technically it’s a digital architecture that separates the back end and front end of a retail website to optimize search results, customer experience and the purchase journey. New research says it may be the key to leveling the future eCommerce playing field for Amazon competitors.

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The Clearing House’s Strategies To Drive RTP Uptake

PYMNTS

Even the most convenient, feature-filled payment rails will fall flat if nobody can be convinced to try them. Such systems can offer everything from swifter settlement times to easy payment status tracking, but such benefits require widespread adoption. Consumers and businesses do not want to use new payment networks unless they believe others are already using them, creating a chicken-and-egg problem.

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Amazon Covertly Working On Cold Vaccine

PYMNTS

Amazon has been secretly working for years to cure the common cold with an initiative called “Project Gesundheit,” according to a report from CNBC. The company has staffed more than 100 people in a research and development group called Grand Challenge, which exists under Amazon’s cloud computing division, AWS. A small part of that group is actively working to cure the common ailment.

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Bringing eCommerce – And The Shopping Cart Model – To Healthcare

PYMNTS

To solve the healthcare payments puzzle — look to eCommerce. In an interview with Karen Webster, Paul Ketchel, founder and CEO of MDsave , said that online platform models could help bring together patients seeking affordable care with providers and simplify billing and payments collection along the way. The conversation came against the backdrop, of course, where markets are roiling, there’s talk of recession, and no doubt the health of the consumer is top of mind.

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AP Automation: The Competitive Advantage Your Business Needs

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?

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Amazon Introduces ‘Just Walk Out’ Technology To Merchants

PYMNTS

Amazon is introducing its “Go” concept to other merchants interested in its “Just Walk Out” technology, Reuters reported on Monday (March 9). The eCommerce giant is in talks with other retailers and has “several” signed deals with unnamed customers. The new business division aligns with Amazon’s scheme of turning internal capabilities into business-to-business (B2B) services.

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Open Banking Expands Into SMB Lending, Smaller Banks

PYMNTS

Open banking and bank-FinTech collaboration can be an effective way for financial institutions (FIs) to launch new digital products. But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Below, PYMNTS rounds up the latest tie-ups and data sharing efforts as institutions explore how open banking models might accelerate their modernization

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Rethinking The SME Loan Underwriting Model In Southeast Asia

PYMNTS

The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. In markets like Southeast Asia, high rates of credit-invisible, underbanked small businesses make filling the small business credit gap an even more difficult challenge. At the root of the matter is often a lack of predictive data to ascertain the creditworthiness of these small- to medium-sized businesses (SMBs).

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Amazon Delivery Exec Leaves For FinTech SoFi

PYMNTS

Amazon’s VP of Delivery Experience Maria Renz is quitting the firm after more than 20 years and is heading over to digital lender Social Finance (SoFi), The Wall Street Journal reported on Thursday (March 12), citing sources. Renz started working for the eCommerce giant in 1999 when Amazon was just five years in the making. She was promoted numerous times, and from 2015 to 2017 she was the first female technical adviser to Jeff Bezos , Amazon’s founder, chairman and CEO.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.