Sat.May 02, 2020 - Fri.May 08, 2020

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Georgia’s Push To Reopen Falls Flat As Consumers Stay Home

PYMNTS

The road to recovery after the coronavirus pandemic is widely expected to be a winding one as businesses, consumers and officials work to figure how to restart an economy intentionally shut down roughly two months ago. It is a situation complicated by the fact that a roughly comparable event hasn’t occurred in the U.S. in over a century, meaning there is no living expert with any practical expertise at managing the fallout from an incurable pandemic.

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How To Receive PPP Forgiveness as a Sole Proprietor

xendoo

The Xendoo team has compiled many resources on the PPP to help small business owners everywhere. Check out our additional resources here: What do I need for my PPP application? Your Guide to PPP Loan Forgiveness. Paycheck Protection Program Guide. Many business owners that are sole proprietors are searching for information on how to make sure their PPP loan is fully forgiven.

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Hammond Named to Mitch Daniels Leadership Foundation 2020-21 Fellows Class

Katz,Sapper&Miller

Sarah Hammond has been named a fellow for the Mitch Daniels Leadership Foundation (MDLF) class of 2020-21. Launched in 2016, the program aims to recruit and develop up-and-coming leaders who want to drive change in Indiana. Fellows are chosen by the MDLF board based on personal and professional achievements as well as leadership potential. Hammond is one of 23 outstanding Hoosiers who were selected from a record number of applicants this year.

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Taking Advantage of Your Home Office

MazumaBusinessAccounting

“Stay home and stay safe” has been the common phrase these last few months because of the pandemic development. Are you using your home for business? If so, you can deduct those expenses. Small business owners have been asked to run their company from their homes. Here at Mazuma, we want to help all of our clients stay compliant, stay organized and, most important save on taxes.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Virtual Tellers And Workhorse ATMs: Banking’s New (Digital-First) Normal

PYMNTS

The prospect of restarting the economy of bringing all manner of everyday life in the U.S. back to some semblance of “normal” has challenges — and opportunities for banks, especially community banks and credit unions. The challenge lies with serving the needs of the individual who may be hesitant to go back to the old ways of banking — of walking up to teller windows, of handling cash in envelopes.

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Visa, Conferma Pay, Make Corporate ‘On The Go’ Card Spend Tap And Pay

PYMNTS

The stage is set for contactless payments in commerce, for plastic to remain in the wallet, and for consumers to embrace digital wallets. As workforces become more decentralized, as far-flung employees still have to pay suppliers and vendors — and perhaps even travel (someday) — the stage may be set, too, for technology to help transform the way employees spend corporate money.

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Visa Leads Latest Funding For FinTech Startup Nium 

PYMNTS

FinTech payments startup Nium , based in Singapore, is getting a new round of funding led by new investors Visa and BRI Ventures. Nium, formerly known as InstaReM, has closed four funding rounds totaling $59 million since it was founded in 2014. The size of this latest round was not disclosed. Prajit Nanu, chief executive officer (CEO) and co-founder of Nium, said in a statement on Wednesday (May 6) that he is “thrilled” to get the backing of “prestigious” new investors like Visa and BRI Venture

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Payoneer CEO: eCommerce’s Surge And Brick-And-Mortar’s ‘Vicious Cycle’

PYMNTS

The coronavirus has spurred a seismic shift in commerce, moving shopping into the digital realm. . Consumers are buying anything (and seemingly everything) and conducting all manner of everyday business online because that is their only option. . In an interview with Karen Webster, Scott Galit, CEO of Payoneer , said the impact will continue to be global in scope and deeply felt across all avenues of commerce — giving new rise to cross-border commerce. .

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NEW DATA: States Push To Reopen – Will Consumer Demand Follow?

PYMNTS

It has been almost two months since the World Health Organization (WHO) first declared the coronavirus a pandemic on March 11, and it has since taken an unprecedented toll on consumers’ wellbeing and livelihoods. Many policymakers are making a push to lift the restrictions that have been put in place to slow the spread of contagion in the hopes of reviving the battered economy.

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PayPal Processed More Transactions On May 1 Than On Black Friday

PYMNTS

“It was the best of the times, it was the worst of times,” wrote Charles Dickens in one of the more famous openings to a novel in history. It was a fairly good description of life in Europe on the eve of the French Revolution and, as it turns out, a reasonably good synopsis for the recent rush of earnings reports in the era of COVID-19. For many firms, the last two months have represented the absolute worst of times as social distancing and forced closures have ground their businesses to a halt

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Vista Equity Injects $1.5B Into India’s Jio Platforms

PYMNTS

Jio Platforms Ltd., India’s largest mobile operator, announced it is raising 113.67 billion rupees ($1.5 billion) from Vista Equity Partners, the U.S. private equity firm. The deal is the latest in a series of investments by the Mumbai-based firm to eliminate its debt, The Wall Street Journal reported. . Last month, PYMNTS reported that Facebook would invest $5.7 billion for a 10 percent stake in Jio Platforms, the digital technology arm of Indian billionaire Mukesh Ambani’s conglom

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Out-Thinking Hackers With Adaptive AI

PYMNTS

Whether the objective is teaching behavior to kids, being an effective team member, or building more impenetrable cyber defenses, learning from a good example works. This is pertinent to artificial intelligence (AI) in finance, where enhanced forms like adaptive AI are fulfilling the technology’s promise by actually “learning” — foremost from the behavior of legitimate deposit account holders — so that hackers stand out when they make a move.

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Earnings Reports from FIS to PayPal Herald Point of Sale’s ‘New Normal’

PYMNTS

For companies like Fiserv, Fidelity National Information Services (FIS), PayPal and others, selling terminals, offering payments platforms and designing checkout buttons, top and bottom lines were poised to move up and to the right. The first quarter of 2020 should have been business as usual — especially for the payments processors and financial services technology companies — the firms that keep commerce humming across offline and online channels.

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Federal, State Investigators Question Wells Fargo Over PPP Loans

PYMNTS

Federal and state officials are investigating Wells Fargo regarding the bank’s management of Paycheck Protection Program (PPP) loans. A regulatory filing on Tuesday (May 5) indicated that the country’s fourth-largest bank received “formal and informal inquiries from federal and state governmental agencies regarding its offering of PPP loans.”. The San Francisco-based bank started processing applications for PPP loans on April 4, a day after the program opened.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Securing The Growing Digital Opportunity

PYMNTS

People have been talking about the world “going digital” for the last decade, and anticipating the arrival of a digital-first world. But even the most enthusiastic futurist or technologist couldn’t have forecast that by the first week of May 2020 the world would no longer be going digital so much as gone digital in response to black swan events that radically hit reset on our working, commerce and personal lives nearly overnight.

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1 In 4 US Cardholders Saw Credit Limit Cut Over The Last Month

PYMNTS

Nearly 50 million credit card customers in the U.S. said they have had their credit limit slashed or their card closed in the past month as lenders move to minimize their risk amid the COVID-19 shutdown, a new study revealed. The survey, released on Monday (May 4) by CompareCards, a division of LendingTree, found one in four Americans say their credit card terms have been changed involuntarily since the start of the coronavirus pandemic.

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Credit Unions, CUSOs Fighting Fraudsters

PYMNTS

“Credit unions across the country are on high alert for scammers looking to take advantage of members during the pandemic and are stepping up fraud prevention efforts as a result,” according to PYMNTS’ April Credit Union Tracker® done in collaboration with PSCU. Detailing warnings recently issued by New York’s Sidney Federal Credit Union and the City of Boston Credit Union, among many others, credit union (CU) members are the target of cyberattackers posing as the Centers for Disease Contr

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Visa: FinTechs And Fast-Tracking The Road To Recovery

PYMNTS

“We’ve basically seen a multi-year acceleration of the world going digital over the course of a few weeks.”. That’s Visa Senior Vice President and Global Head of FinTech Terry Angelos reflecting on the impact of the rapid shift to digital for consumers and businesses around the globe who en masse began living many aspects of their personal and business lives in a mostly digital world — literally all at once, overnight.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Fed Launches FedNow Community For Instant Payments, Seeks Participants

PYMNTS

The Federal Reserve has formed a FedNow Community group for its upcoming instant payment offering, the FedNow Service , and needs volunteers to support it, the Fed announced Wednesday (May 6). The Fed acknowledged the challenges brought on by the coronavirus but noted the FedNow Service is still scheduled to be unveiled in 2023 or 2024. “While we work to support the industry and our customers during this difficult time, we want to ensure that our collaboration with industry stakeholders on FedNo

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Samsung Pay Launches Debit Card, Money Management

PYMNTS

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. “Now more than ever, people are counting on technology to help them make contactless payments, shop, and manage their finances without leaving the house,” said Sang Ahn, vice president and GM of Samsung Pay’s North America service business, in a statement.

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Why Data-Backed Innovation Is The Medicine Healthcare Needs

PYMNTS

Among the more unnerving surprises of the coronavirus pandemic for most people was learning just how vulnerable and thinly stretched some areas of our healthcare system really are. Between the panic over personal protective equipment (PPE), the concern over not having enough hospital beds and the interstate bidding wars for ventilators — the worries became so severe that shutting the entire economy down to flatten the curve seemed the only way to be certain that the entire system would not colla

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Room To Grow For ‘Buy Now, Pay Later’

PYMNTS

“Buy now, pay later” (BNPL) options are very popular — when people know they exist, that is. In the April-May 2020 edition of the Buy Now, Pay Later Tracker® , done in collaboration with Afterpay , we discover that the draw of instant credit has greater potential than it has already shown and, as awareness grows on this concept, there’s plenty of headroom for growth.

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Harness the Potential of Your Enterprise Knowledge

The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

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Online Gambling And The Challenges Of Betting On Instant Disbursements

PYMNTS

The COVID-19 pandemic has had a noted effect on how several industries can operate and interact with their customers during this time including retail stores, movie theaters and casinos. The pandemic has shut down brick-and-mortar casinos in markets like the United States to help minimize risk, for example, leading consumers to turn to online casinos and sportsbooks.

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What It Takes To Get Consumers (And Merchants) To Go Cashless, Contactless – And PIN-less

PYMNTS

The appeal of contactless payments has skyrocketed since the pandemic hit across the globe. Payment network giants such as Visa and Mastercard said in their most recent earnings reports that contactless payments , especially in face-to-face transactions, surged by double digits year over year. Yet mobile wallet usage has been stuck in the single-digit range, despite being available for years.

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Testing, Cleaning Rules Needed Before Schools Reopen, Public Health Experts Say

PYMNTS

With talk about reopening the U.S. economy come questions around how schools are going to handle reopening. Labor and public health experts say extending school closures is not sustainable, as parents will have to return to work and won’t be able to do that if the kids are still out of school, a CNBC report noted. It will be difficult, as predictions from medical officials say another wave of coronavirus could hit by the winter.

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Sephora, Klarna To Offer Shopping With Installment Payments

PYMNTS

Klarna , Sweden’s FinTech startup, has partnered with beauty retailer Sephora , according to a press release. Customers shopping for the makeup, fragrances and skin care products on Sephora’s website are now able to take advantage of Klarna’s installment option. It allows shoppers to pay in four equal payments with no interest. “Ease and convenience play an instrumental role in the Sephora client experience, and as a digital leader we have always adapted to the evolving needs of our

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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With Wynn’s $402M In Net Losses, Is Online Gambling The Future Of Gaming?

PYMNTS

With results that show how COVID-19 closures are impacting the gaming industry, Wynn Resorts Ltd. reported a net loss of $402 million for the first quarter of 2020. While the results mark a drop into the red from income of almost $105 million a year before, CEO Matt Maddox foresees built-up demand waiting to be released for leisure activities. The executive noted in The Wall Street Journal that individuals were visiting beaches in Southern California in droves, and eateries were opening for busi

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Why Consumers Aren’t In A Rush To Restart The Economy

PYMNTS

Economists, policymakers and epidemiologists have been modeling the cost/benefit of reopening the U.S. economy since governors began asking their citizens to #stayathome in mid-March, and even well before that. A decision to reopen, even partially, must weigh the economic impact of keeping the economy locked down against the availability and effectiveness of treatments that will mitigate or eliminate the risk of another serious outbreak, as well as illness and deaths, within months of reopening

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Mastercard’s Playbook On Fighting Online Fraud’s Big Surge

PYMNTS

The shift to online commerce in the wake of the coronavirus pandemic is unprecedented. We’re doing more of everything online, especially transacting. Subscriptions, groceries, even buying shoes are all being introduced to digital channels in ways and volumes they haven’t been before. In an interview with Karen Webster, Laura Quevedo, senior vice president of Security & Decision Products at Mastercard , said that just as the surge toward spending online is unparalleled, there isn’t a concrete

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Florida Retail Reopening Fails To Draw Consumers

PYMNTS

Retail reopening events continued to draw light foot traffic on Monday, as Florida joined Texas in allowing non-essential stores to reopen. Meanwhile the digital shift momentum continues to draw new infrastructure. Florida granted permission for stores to reopen Monday (May 4), the first phase of a return from the coronavirus lockdown. A report from Tampa, among others, showed that few of the outlet stores took advantage.

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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.