PYMNTS
MAY 27, 2020
Call it the great shift. We’re still navigating the pandemic — which means doing what we used to do offline, increasingly, through digital means. As PYMNTS found in a recent consumer study, 40 percent of individuals are doing more of their daily retail and transactions online, partly because, well, there’s no other way to do it. And as many as 22 percent of the population surveyed said those habits would stick.
MazumaBusinessAccounting
MAY 28, 2020
June Newsletter. As a small business owner, I am constantly hiring new employees and am immersed in the hiring process. I love the beginning of the process, particularly looking through resumes. Each resume has a story. The single piece of paper has years of hard work, dedication, experience, and discipline. I often ponder at my own experience and wonder “what’s my story, and what’s the next chapter?
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Katz,Sapper&Miller
MAY 27, 2020
Over Memorial Day weekend, the U.S. Small Business Administration (SBA) issued the interim final rule on Paycheck Protection Program (PPP) loan forgiveness.
RLLeaders
MAY 27, 2020
I got an out-of-the-blue email the other day from a couple of old friends and colleagues. They were looping me into a broader email thread of former Les Aspin staffers in honor of the twenty-fifth anniversary of Les’ death. For those of you who don’t know, Aspin was former Secretary of Defense for President Clinton, wicked smart, and—whether he wanted to be or not—my mentor.
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.
PYMNTS
MAY 29, 2020
To monitor a home and to make sure all is safe and secure means you have to monitor the people and the activities inside. How to do that without destroying privacy in the age of work from home, shop from home, do-everything from home? In the age of connected devices, it may be that the sensor can go a long way toward eliminating that all standby, the unblinking eye of the camera — always on, and perhaps intrusive.
xendoo
MAY 28, 2020
If your small businesses managed to secure a Paycheck Protection Program (PPP) loan before the well ran dry, your next task is figuring out how to use it. Here’s a list of the expenses that qualify for forgiveness (meaning you don’t have to pay the loan back). Remember, your lender will perform an audit at the end of the 8-week forgiveness period to see how you spent the loan.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
RLLeaders
MAY 28, 2020
The future has never been guaranteed. Even so, we’ve taken it for granted, and have avoided preparing in government, our businesses, and society in general. We tend to “work in,” not “work on,” managing too many crises and tasks to tackle the tough questions about the reliability of our futures, let alone develop plans to mitigate eventual problems.
PYMNTS
MAY 28, 2020
Welcome Technologies , which works to aid immigrants as they integrate into life in a new country, is partnering with Green Dot for the PODERCard, which will help U.S. Hispanic immigrants access digital banking services, according to a press release. Less than half of U.S. Hispanic immigrants have access to actual banking services, the release states, citing an FDIC survey.
PYMNTS
MAY 27, 2020
More consumers are turning to the omnichannel offerings of banks and credit unions (CUs) as they follow stay-at-home mandates, and cybercriminals are eager to launch attacks that make use of these channels. Account takeovers (ATOs) rose 347 percent from 2018 to 2019 — a problem that will only worsen if financial institutions (FIs) are not vigilant. Fraudsters seek to fly under the radar by stealing information through one channel that they then use to execute ATOs or other attacks.
PYMNTS
MAY 27, 2020
Amazon is in talks to buy self-driving car startup Zoox in a move that would advance the eCommerce giant’s reach in autonomous vehicle technology, according to a Tuesday (May 26) report in the Wall Street Journal (WSJ), citing sources familiar with the matter. In a 2018 funding round, Zoox was valued at $3.2 billion; a sale now would likely reflect a decreased valuation.
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.
PYMNTS
MAY 27, 2020
For the small shops and independently owned restaurants that line America’s Main Streets from coast to coast, the past eight weeks have been a difficult time leading toward an incredibly uncertain future. Forced to close their doors by stay-at-home orders, the majority of small- to medium-sized businesses (SMBs) that PYMNTS has surveyed said they didn’t believe they would have enough cash to see them through the pandemic — even with government Paycheck Protection Program (PPP) loans.
PYMNTS
MAY 27, 2020
The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception. CU branches across the United States have temporarily closed to help slow the spread of contagion, forcing CUs to find new ways to engage with their members via connected technologies, from mobile devices to laptops and especially ATMs.
PYMNTS
MAY 28, 2020
The Stellar Development Foundation (SDF) has made a $550,000 strategic investment to go toward SatoshiPay ‘s development of a B2B cross-border payments solution and its digital wallets, according to a press release. SDF’s investment came by way of convertible loan notes and was the third investment the foundation has made in SatoshiPay. The convertible loan notes will likely convert at the time of SatoshiPay’s next funding round, the release states.
PYMNTS
MAY 26, 2020
Sales of new single-family homes were up 0.6 percent in April compared to March, but they fell by 6 percent compared to April 2019, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The seasonally adjusted number of new houses sold last month totaled 623,000, down from 664,000 in April 2019. As home sales fell, so did prices.
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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.
PYMNTS
MAY 27, 2020
The pandemic has accelerated the digital roadmap for everyone in financial services, giving rise to more innovation in the past few months than had been seen over the course of several years. And according to five observers across the spectrum of traditional financial institutions (FIs), payment networks and digital-only banks, opportunities are there for digital-first and hybrid models alike to succeed — so long as they harbor a relentless focus on identifying and solving customer problems.
PYMNTS
MAY 27, 2020
The global smart cities market is projected to grow to nearly $3.5 trillion by 2026, driven by investment in everything from connected street lighting systems to smart electrical grids. The COVID-19 pandemic severely disrupted global economies and supply chains, and some might thus expect public officials and company leaders to put the brakes on large-scale smart city investments.
PYMNTS
MAY 27, 2020
Despite some drawbacks, legacy rails have mounds of potential to tackle a multitude of B2B payments friction points. For payments technology players, finding the opportunities to build upon existing infrastructure continues to open up new doors in B2B payments improvements. This week’s look at the latest in payments rails innovation finds players including Mastercard, Aflex and Paycor targeting existing card and ACH rails to expand their use for corporates, with a focus on reconciliation,
PYMNTS
MAY 29, 2020
Financial institutions (FIs) have been adapting their platforms and technologies to better suit the needs of more digital consumers for decades, but the coronavirus has placed new importance and pressure on accelerating these efforts. Allowing customers uninterrupted access to their online financial accounts and processing digital payments quickly is critical during this time as brick-and-mortar branches are either closed or on limited hours.
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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.
PYMNTS
MAY 27, 2020
MoneyGram is partnering with Uber in order to offer discounts on money transfers to over 200 countries and territories, a press release states. The discount is available to anyone who earns money on an Uber-related gig economy app, including Uber Eats, Uber Works and Uber Freight. “The spread of COVID-19 has been hard for everyone, and it has been particularly challenging for people who drive and deliver with companies like ours.
PYMNTS
MAY 26, 2020
With features such as free cash deposits and a high-yield savings account, Walmart and Green Dot unveiled updated benefits for the Walmart MoneyCard Reloadable Debit Card program. The Walmart MoneyCard will now offer accountholders a 2 percent annual percentage yield on money saved with a connected savings account, among other features, per an announcement.
PYMNTS
MAY 27, 2020
With home deliveries surging, FedEx may be looking to acquire stake in German delivery firm Hermes , according to the Handelsblatt newspaper, as reported by Reuters. FedEx has very limited presence in Europe’s delivery circuit, and Petra Scharner-Wolff , finance chief of Hermes, said the company’s efforts to find a strategic partner for parcel delivery had sparked “broad interest,” according to Reuters.
PYMNTS
MAY 29, 2020
Starting next month, ridesharing users in a dozen cities can opt in for a $50 an hour ride, Uber Technologies Inc. announced on Friday (May 29). Following a pilot program in Australia, Africa, Europe and the Middle East, this new feature is aimed at helping Americans with essential trips during the COVID-19 pandemic, the San Francisco-based company said.
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.
PYMNTS
MAY 26, 2020
The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report. “Since last week, our average traffic has been up about 25 percent, so we are seeing more customers starting to come back,” Newmark Merrill CEO Sandy Sigal told CNBC’s “Closing Bell” Monday (May 26).
PYMNTS
MAY 26, 2020
First the rush to get in – and then, perhaps, the rush to get out. Since debuting on April 3, the Paycheck Protection Program (PPP) – the U.S. Small Business Administration (SBA’s) initiative to grant SMBs forgiveness loans to pay workers for eight weeks instead of laying people off – has had a rocky time of it. Glitches and delays initially bedeviled the roughly $660 billion program, and it’s had a bumpy ride ever since, as the SBA and U.S.
PYMNTS
MAY 26, 2020
To continue its fast international expansion, TIS (Treasury Intelligence Solutions) notched $20 million in additional financing led by Aquiline Technology Growth. The funding round for the corporate payments and cash flow management cloud platform also included participation from 83North, an existing investor, according to an announcement. TIS CEO and Co-Founder Jörg Wiemer said in the announcement, “We are proud to have Aquiline on board alongside our existing investors.
PYMNTS
MAY 27, 2020
Digital-payments company i2c Inc. has unveiled a partnership to power the expansion of Crypto.com ’s end-to-end crypto ecosystem, which consists of a Visa crypto debit card and a wallet app to buy and sell crypto and earn cash-back rewards in crypto form. Crypto.com currently offers the system in the United States, Singapore and the United Kingdom, but is expanding it to 31 European countries, according to a press release.
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?
PYMNTS
MAY 29, 2020
Bitcoin : not worth much – except what someone else is willing to pay for it. Goldman Sachs’ withering assessment of bitcoin this week may be enough to take some wind out of the sails of those who have been looking for the marquee name in crypto to find its way into mainstream commerce. As reported by the Financial Times , Goldman was once a staunch advocate of bitcoin, and had been, just a few years ago, examining whether to launch a bitcoin trading desk.
PYMNTS
MAY 26, 2020
The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report. “Since last week, our average traffic has been up about 25 percent, so we are seeing more customers starting to come back,” Newmark Merrill CEO Sandy Sigal told CNBC’s “Closing Bell” Monday (May 26).
PYMNTS
MAY 26, 2020
Facebook Canada has announced a series of initiatives to aid small- to medium-sized businesses (SMBs) during the coronavirus pandemic, including $3.5 million in grants, virtual training classes and new features to help promote SMBs across numerous apps owned by the social media giant, according to a press release. The grants will be available between May 26 and June 2 for Canadian SMBs looking for financial aid.
PYMNTS
MAY 29, 2020
Mastercard ‘s new Recovery Insights tool will attempt to help businesses and governments assess data during the pandemic in order to make smarter decisions, according to a press release. The tool will attempt to help an array of businesses, including airlines, restaurants, banks, governments and other types of money-making and governing entities, said Mastercard President of Data and Services Raj Seshadri.
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.
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