PYMNTS
FEBRUARY 13, 2020
Farming has been around for thousands of years – tens of thousands of years, perhaps, according to some estimates. And it is a labor-intensive, resource-intensive and time-consuming endeavor. Consider the fact that, as measured by the Water Footprint Network, it takes about 26 gallons to make one pound of tomatoes, and 67 gallons of water to produce one pound of oranges.
Katz,Sapper&Miller
FEBRUARY 11, 2020
Katz, Sapper & Miller’s Ashley Christie and Stephen Royster have been recognized as two of Indy’s 2020 Best and Brightest by Junior Achievement of Central Indiana. The award honors 100 of central Indiana’s outstanding young professionals, ages 40 and under across 10 different industries, who are making their mark as up-and-coming talent and the next generation of leaders in our community.
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Patriot Software
FEBRUARY 10, 2020
Every four years, February magically has 29 days instead of 28. Ok, so maybe it’s not magic. But it is a leap year. And when leap year rolls around every four years, your business needs to be prepared. Read on to learn about leap year payroll and steps for handling payroll during a leap year. […]. The post How Will Leap Year Payroll Impact Your Business in 2020?
SingleTrackAccounting
FEBRUARY 11, 2020
You are your own boss. You do contract work for whomever you choose, whenever you choose. Your customers’ businesses write you phat checks and you are feeling flush all year. All is good in the entrepreneur hood until the tax man comes around in April. Your 1099 arrives in January and that is where the problem begins. The problem is that no one told you that LLCs and Sole Proprietors pay a whopping 15.3% Self Employment tax on the entire amount on your 1099 …. on top of your regular income tax!
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.
PYMNTS
FEBRUARY 12, 2020
According to the 2019 edition of the FBI’s Internet Crime Report , last year was both a lucrative and diverse year for cybercriminals and scammers. All in, the FBI’s Internet Crime Complaint Center (IC3) received a total of 467,361 complaints, with reported losses exceeding $3.5 billion. As for the scams themselves, those varied widely both in terms of tactics and targets.
Katz,Sapper&Miller
FEBRUARY 14, 2020
Jack Atkins, managing director, research analyst at Stephens Inc. summed up the trucking industry’s current mindset early in his presentation at the 2020 Trucking Owners and Leaders Roundtable hosted by Katz, Sapper & Miller’s Transportation Services Group, the law offices of Scopelitis, Garvin, Light, Hanson & Feary, and KSM Transport Advisors on Feb. 4 in Indianapolis.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
FEBRUARY 9, 2020
Uber co-founder Travis Kalanick is joining other investors in funding the expansion of the 3D-printed hotel concept Habitas , the Financial Times reported on Sunday (Feb. 9). An idea hatched at the Burning Man desert arts festival, the experience-focused hospitality group Habitas was founded in 2014 by Oliver Ripley, Kfir Levy and Eduardo Castillo. .
PYMNTS
FEBRUARY 10, 2020
Revolut has announced a new Open Banking feature that will allow customers to access all their bank accounts on a single app. The move will make everything easier and more efficient in dealing with people’s finances, according to a press release. For example, the new feature will make it easier for customers to track spending across all their accounts, and allow them a way to budget if they choose.
PYMNTS
FEBRUARY 13, 2020
Wells Fargo Strategic Capital (WFSC) is backing the London-based blockchain analysis firm Elliptic with a $5 million investment, bringing the startup’s Series B round to $28 million, Elliptic announced in a press release on Thursday (Feb. 13). . WFSC joins existing investors SBI Group and Santander InnoVentures. The funding will enable Elliptic to expand across Asia and collaborate with financial institutions for an increased understanding of the cryptocurrency ecosystem.
PYMNTS
FEBRUARY 13, 2020
FIS and PayPal have expanded their partnership so that cardholders of institutions participating in the FIS Premium Payback network can use their rewards points to pay for things at PayPal merchants all around the world, according to a press release. . This new integration means that FIS is the first non-bank payment processor to sync up with PayPal’s Pay with Rewards.
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.
PYMNTS
FEBRUARY 14, 2020
Supply chain management has always presented a challenge for global corporates, with digitization and automation technology aiming to reduce friction and enhance visibility. A surge in supply chain technology available — from freight management portals to IoT sensors — also expands a value-add opportunity for corporate end users: All this digitization generates a flood of potentially valuable data that organizations can use to optimize their supply chains, as well as better meet the needs and ex
PYMNTS
FEBRUARY 10, 2020
Fiat Chrysler , in partnership with Chinese-based AutoX , wants to launch robo-taxis in China later this year, according to an announcement. The automobile maker, one of the “Big Three” in Detroit, has been casting a wide net for autonomous vehicle tech, and wants to keep pace with rivals in Detroit. Hong Kong’s AutoX said it plans to integrate self-driving vehicle tech into a fleet of Chrysler Pacifica minivans — the same vehicle that Waymo , Alphabet’s subsidiary known
PYMNTS
FEBRUARY 13, 2020
For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off fraudsters, look no further than CAPTCHA. Though not quite as ubiquitous as it was a few years ago, the challenge-based verification tool asks users to prove their non-bot status by identifying every photograph with a crosswalk, or pinpointing a number drawn crudely in crayon, or completing any number of familiar visual puzzles that are theoretically easy for a human to solve
PYMNTS
FEBRUARY 13, 2020
Biometric VeinID platform Fingopay announced that it is launching an Open Banking retail pilot with Reflow , a payments firm. The partnership has allowed the companies to create a bank-to-bank, face-to-face VeinID payment, according to Fingopay , enabling customers to make payments with just the swipe of a finger. With the program, retailers and merchants will be able to handle bank-to-bank transactions, which will reduce costs and allow settlements within three hours, rather than the usual thre
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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.
PYMNTS
FEBRUARY 14, 2020
Mexico passed a law this week that taxes digital services from other countries, according to a report. A 16 percent value-added tax (VAT) will be tacked onto digital services starting on June 1 of this year. The law will apply to all services, even B2B transactions. The tax will cover all online applications, including video, audio streaming, images, education and others.
PYMNTS
FEBRUARY 10, 2020
Biometric digital identity verification solutions are becoming more and more commonplace thanks to their implementation in everyday devices like smartphones and fitness wearables. Approximately 800 million facial recognition-equipped mobile devices are expected to be in circulation by 2024, in fact, with an additional 4.6 billion smartphones equipped with fingerprint recognition in the same timeframe.
PYMNTS
FEBRUARY 13, 2020
To bring digital transformation to banks, and to help them bring their assets to the “digital-first” consumer, look to the platform. In an interview with Karen Webster, Douglas Brown, senior vice president and general manager of NCR Corporation , said the growth of mobile banking adoption and financial inclusion means traditional financial institutions (FIs) must re-examine how they deliver new services across the connected economy, how they partner with other firms and even how they can bring
PYMNTS
FEBRUARY 14, 2020
Customer service is the lifeblood of financial services, just as much as credit cards, debit cards and checking accounts. But as banking becomes ever-more mobile, and account openings and activities are done through digital channels, the very definition of support – and how it should be provided – is changing. To that end, SilverCloud CEO and Founder Scott Cornell said that financial institutions (FIs) would do well to take cues from shifts in consumer expectations of the levels of service they
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
PYMNTS
FEBRUARY 13, 2020
Banco Santander announced that it has hired Trish Burgess, formerly of Apple, to head up its peer-to-peer (P2P) payments department, according to a release. Burgess will lead strategy and development of the department, and will bring “new payment services to customers that are fast, simple and safe to use,” per the company. Burgess will work under Chirag Patel, Santander ’s global head of digital payments, and she will become part of the bank’s global payments and digital team.
PYMNTS
FEBRUARY 13, 2020
Uber is launching a new telephone booking service aimed at older consumers in the U.S. who might not use the internet on their phones, according to a report by VentureBeat. The service is starting in Arizona, where users can call 1-833-USE-UBER to speak with a live representative. The phone doesn’t have to be a smartphone, but it does need to be able to text so a person can get messages about ETAs, car details and a receipt for the ride.
PYMNTS
FEBRUARY 11, 2020
The latest data from Nacha found a new record-high growth rate for adoption of ACH payments , with B2B payments showcasing a surge in adoption of the legacy payment rail that has recently turned to technologies that can augment the service, from the movement of transaction data with an ACH payment to the deployment of Same Day ACH. Yet this week’s look at payment rail innovation finds that many players in the B2B space are turning to develop new payment networks and services infrastructure
PYMNTS
FEBRUARY 14, 2020
STC Pay, a digital wallet that is part of the Saudi Telecom Company, has teamed up with payments company Moven Enterprise to launch a new challenger bank in the country, according to reports. The founder of Moven, Brett King, said the new venture would be a “world-class” bank, and that it would set its sights on the Gulf Cooperation Council (GCC) region.
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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.
PYMNTS
FEBRUARY 13, 2020
Apple is updating its augmented reality (AR) Quick Look feature to enable merchants to sell its products in-app for an instant AR experience, according to reports on Thursday (Feb. 13). The retailer provides the 3D model and Apple uses ARKit – handling everything from scaling to lighting – to display it as it should look. These AR shopping tools don’t require an app.
PYMNTS
FEBRUARY 14, 2020
Bear Down Logistics, a company that expanded quickly in the past few years delivering packages for Amazon , will no longer be working with the company and was forced to cut hundreds of jobs as a result, according to a report by Bloomberg. The company is ceasing operations in five states after it failed to meet Amazon’s standards. Because Amazon no longer works with United Parcel Service ( UPS ) or FedEx , there was an opportunity for smaller outfits to work with the delivery giant.
PYMNTS
FEBRUARY 10, 2020
PSCU has appointed Denise Stevens as senior vice president and chief product officer, while Scott Young will head the product delivery leadership team as vice president of innovation, PSCU announced today (Feb. 10). Stevens will oversee product delivery and management, as well as its innovation teams. She will also manage the PSCU’s strategic partnerships, and its Enterprise Project Management Office.
PYMNTS
FEBRUARY 9, 2020
The cost of crimes involving bitcoin and cryptocurrency hit $4.3 billion in 2019, according to Chainalysis and The Wall Street Journal , which was a bigger figure than either of the preceding two years combined. In 2017 and 2018, by comparison, the various schemes and fraudulent activity was $3 billion combined. The schemes are prolific, with 90 percent of the pilfered funds coming from just six widespread schemes.
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.
PYMNTS
FEBRUARY 10, 2020
London FinTech startup DAG Global is going after the first merchant bank license in the U.K. that serves cryptocurrency businesses, multiple reports indicated on Monday (Feb. 10). Businesses managing cryptocurrencies have had a tough time maintaining relationships with legacy banks because of the perception that bitcoin-type transactions are connected to criminal behavior.
PYMNTS
FEBRUARY 14, 2020
Every individual. Verified. Digitally. By the end of the decade. An ambitious goal, to be sure, and one that the U.N. wants to achieve, using methods that would promote financial inclusion and give visibility to billions of people who are, so far, invisible. In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030.
PYMNTS
FEBRUARY 14, 2020
There’s not much argument against self-checkout systems as a means of improving the customer experience. But at least a temporary blowback to the technology has begun, some of which has landed the issue in court and some of which has led Walmart and other retailers to rethink how it is used. According to a report from The Wall Street Journal , Walmart has struggled with negative customer feedback about self-checkout, as well as the weight-based system that allowed for increased shrinkage.
PYMNTS
FEBRUARY 10, 2020
This is easy. Hire a data scientist. Or reassign the ones you have. Give said scientist(s) a budget to lease a Tensor Flo server with Google and start parsing transaction data. Use data to build an algorithm. Start creating more customer data to feed the algorithm and then you too can join the artificial intelligence (AI) retail revolution. Not so fast.
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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.
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