PYMNTS
MAY 12, 2020
For all the human and business impacts caused by the global coronavirus pandemic, the crisis has also been instructive, particularly in illustrating the shortcomings in systems that worked just fine — until they didn’t. The massive and simultaneous global shift to digital has put a spotlight on traditional supply chains, antiquated paper-based processes and an aging payments infrastructure.
Katz,Sapper&Miller
MAY 15, 2020
As not-for-profit organizations plan their return to work, they face many legal and operational considerations. What factors should be top-of-mind? How can organizations protect their employees’ health and well-being while effectively reopening for those they serve?
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CapataCPA
MAY 15, 2020
PPP Loan Forgiveness Webinar The webinar is now over: If you happened to miss the webinar, we don't want you to miss out on the valuable information about PPP Loan Forgiveness, you can now watch it at your convenience. Because of the amount of information regarding the PPP loans, we may not have had a. The post PPP Loan Forgiveness (Live Webinar) appeared first on CPA firm in Orange County, CA | CAPATA.
xendoo
MAY 15, 2020
The original Payroll Protection Program (PPP) rules included strict requirements to prove that the loan was necessary to save your business, and imposed hefty financial and criminal penalties for those that tried to get a handout when they didn’t really need one. But on May 13, 2020, the Small Business Administration (SBA) lightened up on small businesses.
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 automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.
PYMNTS
MAY 15, 2020
The fact that grocery stores are comprehensively winning the race to keep the American consumer fed shouldn’t be too surprising, considering grocery stores are by and large still open for business, and restaurants have been forced by statute in most places to close their doors. In the world of retail sales, it’s hard to find a bigger advantage than being open in the face of everyone else’s closure.
Katz,Sapper&Miller
MAY 13, 2020
The Small Business Administration (SBA) has just released new guidance regarding the good-faith certification for Paycheck Protection Program (PPP) loans. This guidance, which was added as question #46 to the PPP FAQs, should come as welcome relief to many businesses that took out PPP loans and have struggled with the good-faith certification. The SBA states that PPP loans with original principal amounts less than $2 million (in combination with any affiliate loans) will be deemed to have made t
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
MAY 13, 2020
Visa said Wednesday (May 13) that 28 new partners — spanning a range of gateway acquirers and technology partners — are joining Visa Token Service as credential on file token requestors. The 28 additions add significantly to the 150 token requestor partners that had been included in Visa Token Service through the years since the service launched in 2014.
PYMNTS
MAY 12, 2020
The rise of the machines seems a bit closer at hand now that we are battling the pandemic. Not the humanoids that are the stuff of science fiction that ostensibly, one day, will do our bidding (and, depending on who you read, perhaps conspire against us). Picture, instead, fleets of utilitarian machines, squat, careful and not at all threatening, rolling through retailers’ aisles, hospital wings and other avenues of everyday human life.
PYMNTS
MAY 14, 2020
The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the Federal Trade Commission (FTC) since the beginning of the year. The trouble is that the restrictions put into place to help slow the pandemic’s spread has forced brick-and-mortar businesses to close, and therefore driving up the demand for digital onboarding solutions.
PYMNTS
MAY 14, 2020
FedEx Corp. could be the first major delivery company to limit the number of items retailers can ship to protect its network from being overwhelmed during COVID-19, The Wall Street Journal reported. Among the two dozen retailers who have been notified by FedEx of the unusual limits include Kohl’s, DSW, Nordstrom, Neiman Marcus, Hobby Lobby, Eddie Bauer and Bed Bath & Beyond.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
PYMNTS
MAY 14, 2020
Estimating a loss of $915 million in the second quarter, Starbucks is asking landlords of all of its stores to pardon it for at least a part of rent for the next year, according to a CNBC report. The coffee chain has been affected by the coronavirus pandemic, which has had people staying at home and unable to enter stores as usual, along with reduced operating hours to slow the spread of the virus.
PYMNTS
MAY 15, 2020
Amazon has filed suit against two companies that are allegedly operating a global tech support scheme targeting Alexa users, CNN reported. The lawsuit, filed last week in U.S. District Court in Seattle, alleges Washington-based Robojap Technologies and Quatic Software Solutions in Punjab, India have scammed Amazon users by offering help to install Alexa on their devices through fake websites and applications.
PYMNTS
MAY 14, 2020
American Express is teaming up with Invoiced to help customers with an exclusive offer for 40 percent off an Invoiced subscription for the first two years. In a press release, American Express said it is committed to helping the digitization of B2B payments, still oft-regulated to paper and which end up being time-consuming and inefficient. A recent PYMNTS study found that around 80 percent of businesses still make payments with paper checks, while 72.4 percent still receive invoice information
PYMNTS
MAY 12, 2020
There was a time when consumers did not require much more from their local bank than a checking account, savings account and an ATM card. This has changed dramatically in recent years as consumers’ financial lives have migrated to the digital realm. Consumers are paying with credit and debit cards more than ever before, and they are increasingly looking to their smartphones to gain greater control over how they spend and manage their money.
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.
PYMNTS
MAY 13, 2020
At a quick glance, Africa as a continent lags behind the rest of the world in terms of pushing its population of roughly 1.2 billion people into the digital age. In the U.S., 81 percent of consumers have smartphones, nearly doubling the global average of 45.04 percent. The only nation in sub-Saharan Africa with smartphone penetration above the global average, according to the Pew Research Center , is South Africa, where 51 percent of the population reports having smartphone.
PYMNTS
MAY 9, 2020
Before 1980, the typical American vacation, no matter its destination, always began with a road trip. Sandwiches and cold drinks packed in a cooler, the maps spread out in the passenger seat and the license plate game were all basic staples of every family trip. For the particularly well-prepared families, there was AAA – which, if you told them your ultimate destination, would send you “a little spiral-bound book that mapped the trip – with directions, places to stop to eat and hotel recommenda
PYMNTS
MAY 15, 2020
The experts were expecting a weak retail sales report when the numbers hit the wires earlier today (May 15) – but even in an environment of diminished expectations, the number reported by the Census Bureau was a disappointment. Consumer spending, which represents roughly two-thirds of the U.S. GDP, took a 16.4 percent drop in April from the prior month, according to the release – notably more than the 12.3 percent economists forecasted before the release, and double the record of the 8.3 percen
PYMNTS
MAY 14, 2020
Union Square Hospitality Group founder and CEO Danny Meyer said he doesn’t see reopening the dining rooms of his 19 restaurants located across New York City until after there is a vaccine for the coronavirus. “There is no interest or excitement on my part to having a half-full dining room while everyone is getting their temperature taken and wearing masks, for not much money,” Meyer told Bloomberg in a report on Thursday (May 14). .
Speaker: Sierre Lindgren
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
PYMNTS
MAY 11, 2020
Consumers are treating spending very differently today than they were even eight weeks ago. That fact is increasingly underlined in a variety of data streams: recent PYMNTS consumer surveys, the earnings reports of the card networks, early information on how stimulus funds are being spent – they all tell the same story of consumers tightening their belts and shifting away from discretionary spending and toward necessities.
PYMNTS
MAY 15, 2020
As the pandemic quickly transformed the labor market, layoffs in the U.S. surged to an all-time high in March. The count of individuals resigning from their positions fell to the lowest level in four and a half years, Reuters reported. In its Job Openings and Labor Turnover Survey (JOLTS) survey, the Labor Department indicated that discharges as well as layoffs rose to 11.4 million by 9.5 million in March.
PYMNTS
MAY 14, 2020
To meet increasing client demand for digital access to its brand, Porsche Cars North America (PCNA) is speeding up its eCommerce strategy. The luxury automaker rolled out Porsche Finder, its new pre-owned and certified pre-owned vehicle search platform that streamlines and bolsters the client’s ability to link up with one of 192 U.S. Porsche dealerships from home, according to an announcement.
PYMNTS
MAY 14, 2020
Almost 80 percent of Americans drink tea , twisting open icy bottles on hot summer days and relaxing over steaming mugs in colder weather. Cafe closures during the coronavirus pandemic have reduced retail opportunities for tea brands, but consumers are still ordering their favorites online or loading up on them at grocery stores. Tea purveyors know that providing in-demand products is not enough to guarantee business success, however.
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
PYMNTS
MAY 15, 2020
Struggling retailer JCPenney , which is reported close to seeking Chapter 11 bankruptcy protection, disclosed that it’s paid roughly $17 million in interest on a senior secured term loan credit facility to avoid a default, but that it’s still considering “certain strategic alternatives.” In an SEC filing, the chain said it had a five-day grace period to make a May 7 payment before non-payment would represent an “event of default.
PYMNTS
MAY 14, 2020
Americans are worried about their finances, a fact highlighted repeatedly in PYMNTS’s ongoing series of studies documenting consumer behaviors during the global pandemic and their outlook for what’s coming next. Tens of millions have already lost their jobs. In February, before the pandemic, nearly 40 percent of the workforce was earning under $40,000 , according to Federal Reserve data.
PYMNTS
MAY 12, 2020
Traydstream , a FinTech that looks at trade documents with artificial intelligence (AI), has partnered with Infosys Finacle to implement blockchain technology and further automate trade finance, according to a press release. The partnership will allow Finacle’s blockchain tech, called Finacle TradeConnect, to be integrated with Traydstream’s platform, which uses AI to scan documents and cut down the time it takes to check on rules or regulations in trade, where mistakes can be costly and time-co
PYMNTS
MAY 14, 2020
Sometimes illness can have a happy ending. It’s certainly a story that resonates right now and Fast CEO Domm Holland is happy to tell it. It started a few years ago when Holland’s son was briefly hospitalized and his wife’s grandmother was visiting to help the family. One of the grandmother’s chores on a particular day was ordering groceries online.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
PYMNTS
MAY 12, 2020
To enable greater efficiency and quicker access to working capital for buyers and suppliers, Mastercard has unveiled the rollout of the Track TM Business Payment Service in the U.S. The offering provides increased control over payments and enhanced data exchanges, enabling automated reconciliation for suppliers as well as the application of all payment options approved by them, according to an announcement.
PYMNTS
MAY 11, 2020
A Moody’s Analytics economist warns the nation will hit bottom, even worse than we’ve seen, if the coronavirus spikes a second time. In an interview with CNBC , Mark Zandi said if businesses open too soon and the infection rate rises, it will cause more business disruptions, people will be scared, and the nation will face a second Great Depression.
PYMNTS
MAY 13, 2020
While the pandemic has created unique circumstances of immeasurable strain and pressure on the global market, it’s also emboldened many to rise to the occasion and ensure business continues to flow with as little disruption as possible. Preserving trade flows of particular importance in the healthcare sector today, with cross-border B2B payments essential to this effort.
PYMNTS
MAY 14, 2020
New Jersey’s big bet on online gambling has paid off, with revenues skyrocketing to a record $80 million in April. Not surprisingly, sports gambling revenues were way down as stadiums remained closed and most professional games were canceled due to COVID-19 restrictions. Meanwhile, the state’s casinos remained shuttered. New Jersey’s Division of Gaming Enforcement said the state’s licensed online gambling operators generated a combined income of $80 million in April.
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Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.
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