PYMNTS
MARCH 29, 2018
Overdraft fees have reached their highest level since 2009, which was at the end of the Great Recession. Consumers paid $34.3 billion in overdraft fees during 2017 compared to $33.3 billion in 2016, The New York Post reported. Despite the increase, consumers aren’t, in fact, overdrawing their accounts. Instead, Moebs Services says the uptick was caused by credit unions increasing their overdraft fees.
Katz,Sapper&Miller
MARCH 30, 2018
There are some unique Indiana sales tax rules and regulations that apply to Buy Here – Pay Here (BHPH) dealers. It is important that dealers understand the difference between a vehicle return and a vehicle repossession, as well as the impact a related finance company (RFC) can have on the dealer’s ability to recover sales tax related to bad debt charge-off.
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PYMNTS
MARCH 26, 2018
A lack of access to capital. The red tape of regulation. The burden of administrative tasks. These are all common reasons why a small business owner may struggle to grow their company, and the latest analysis on the topic certainly points to these factors as having an impact on SMB growth across the world. But the most recent research suggests entrepreneurs are also clear about what is helping them grow, and what they are looking for in terms of technology, professional support and beyond.
PYMNTS
MARCH 27, 2018
APIs – that is, application program interfaces, or bits of code that allow two software programs to communicate with one another – are a hot topic and a hot commodity within financial services, as well as many other spaces. The API defines the correct way for a developer to write a program that requests services from an operating system (OS) or another application.
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
MARCH 30, 2018
UK Finance , an industry trade association, is launching an independent investigation into the way the market’s banks treat small businesses (SMBs), according to Reuters reports on Thursday (March 29). The group appointed Simon Walker to lead the review, which will specifically look at the way banks handle complaints filed by small business borrowers.
PYMNTS
MARCH 30, 2018
HSBC is introducing PayPal support for corporate payments across borders. An announcement Thursday (March 29) said HSBC now lets its corporate customers use PayPal for supplier payments via a partnership between the two entities. “Our collaboration with PayPal will significantly expand the payments network accessible to our clients through HSBC, allowing them to send payments to a much wider range of counterparties in a fast and efficient manner,” said HSBC Global Head of Payments in Global Liqu
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
MARCH 30, 2018
It’s possible that Amazon Prime members may see more discounts at Whole Foods. The grocer reportedly displayed signs that advertised 10 percent discounts for prime members at a store in Texas, CNBC reported. The signs were reportedly placed in a store in Austin on Wednesday (March 28). But the signs had apparently been removed by Thursday (March 29).
PYMNTS
MARCH 26, 2018
Those shopping for a new car in Guangzhou, China, now have an interesting new option for the process. Instead of going to a car lot and talking to a salesmen, they will be able to use a smartphone app and a “car vending machine” that Alibaba and Ford are jointly piloting as part of an agreement that the firms inked two years ago. The machine is called the Super Test-Drive Center, and it is a one-stop shopping location for dozens of Ford vehicles stored in a multi-story glass building.
PYMNTS
MARCH 29, 2018
The problem with clothes shopping, Gwynnie Bee founder and CEO Christine Hunsicker told Karen Webster in a recent conversation, often comes down to commitment. Maybe the customer loves it, maybe it’s the perfect on-trend look … but when money is on the line – and, in some cases, a fairly large amount of it – the question is, do they love it enough to wear it so often they get their money’s worth?
PYMNTS
MARCH 29, 2018
Singapore-based Acudeen prepares for an initial coin offering (ICO) as it plans to migrate its existing trade finance solution to a blockchain platform. Reports in Global Trade Review on Wednesday (March 28) said Acudeen’s ICO will launch April 9 following a token presale. The company provides factoring solutions and hopes to shift its digital marketplace to a blockchain solution.
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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
MARCH 26, 2018
In between stories last week about Jack Dorsey saying that bitcoin will be the world’s single digital currency in about 10 years and Facebook’s meltdown over its latest data scandal , you might have missed Google’s announcement of Shopping Actions. Shopping Actions is Google’s big shot across Amazon’s bow, giving consumers access to a universal shopping cart to fill and then buy the things they find when searching the web.
PYMNTS
MARCH 28, 2018
Social media marketing company BleuPage is broadening its B2B services with the launch of a business management tool designed for the “solopreneur.”. A press release on Tuesday (March 27) said U.K.-based BleuPage is rolling out Bizggro, a suite of solutions for small businesses and entrepreneurs. The tool combines an array of services, including customer relationship management (CRM), accounting, expense management, document management, recordkeeping and more.
PYMNTS
MARCH 30, 2018
Walmart is reportedly in early-stage talks to acquire Humana, the insurance company, in a deal that could mark Walmart’s largest acquisition ever. Citing people familiar with the matter, The Wall Street Journal reported that it’s not clear what the deal terms being negotiated are or if a deal will end up happening. But if something is reached, it would likely be on the large side — given Humana has a market value of around $37 billion.
PYMNTS
MARCH 26, 2018
Double whip-less mochaccino, half-caff: $6.00. Paying for it in bitcoin: $21 (at the current processing fee). This is why many experts are saying that cryptocurrencies — or at least bitcoin — have no place in small dollar, day-to-day transactions like buying a coffee — that, and the amount of time it takes to process a payment, which is long enough for a hot coffee to cool, or for that mochaccino to melt.
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
MARCH 30, 2018
Bitcoin fell below $7,000 on Thursday (March 29) – and analysts expect sales of bitcoin and other cryptos to increase as the April U.S. tax deadline approaches, CNBC reported. The price of bitcoin was $6,826.68 as of 11:13 p.m., according to CoinDesk. And, in China, the country’s central bank is planning on cracking down on cryptocurrencies this year, Reuters reported.
PYMNTS
MARCH 30, 2018
Under Armour has revealed that it’s suffered one of the biggest hacks in history after data from 150 million users of its MyFitnessPal diet and fitness app was compromised in February. According to Reuters , Under Armour shares were down 3 percent in after-hours trade. “On March 25, the MyFitnessPal team became aware that an unauthorized party acquired data associated with MyFitnessPal user accounts in late February 2018,” the company wrote in a statement.
PYMNTS
MARCH 28, 2018
Supply chain management is one of the most promising applications for blockchain technology, thanks to distributed ledger technology’s promise of heightened transparency and streamlined data exchange — two areas of significant friction for global supply chains today. It’s perhaps unsurprising, then, that the precious metals market is eagerly exploring blockchain for this very use case.
PYMNTS
MARCH 27, 2018
The definition of the word “ extend ” means to stretch out or lengthen one’s reach. It turned out to be the perfect word to describe Braintree ’s newest suite of merchant solutions, Braintree’s Azita Habibi told Karen Webster in a recent conversation. Braintree Extend, which launches today, makes it possible for merchants to extend their reach into other ecosystems and environments and to share payments data in a secure, compliant way.
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
MARCH 29, 2018
Porsche Passport, the luxury car maker’s subscription service that enables users to access Porsche cars through a mobile app, is luring in younger-than-expected drivers, reported CNBC. Klaus Zellmer, Chief Executive of Porsche North America, told CNBC that the program, which is just live in Atlanta since November, is attracting drivers who wouldn’t typically drive their cars.
PYMNTS
MARCH 28, 2018
SWIFT and SAP are collaborating to facilitate corporate-to-bank connectivity into the SWIFT network, the companies recently announced. The payments messaging firm and the enterprise software conglomerate revealed they are working together to streamline corporate treasury’s integration into the SWIFT network via financial institutions. Dubbed SAP Multi-Bank Connectivity, the solution was built on SAP Cloud Platform technology.
PYMNTS
MARCH 27, 2018
A few months after General Growth Properties (GGP) rejected a buyout offer from global real estate investment firm Brookfield Property Partners , the two reached a deal on Monday (March 26). Brookfield said it would purchase GGP for $9.25 billion in cash, CNBC reported. “We are pleased to have reached an agreement and are excited about combining Brookfield’s access to large-scale capital and deep operating expertise across multiple real estate sectors with GGP’s portfolio of irreplaceable retai
PYMNTS
MARCH 27, 2018
Consumers are a tough bunch to please. They want what they want, when they want it – even more so with two-day shipping offered by players like Amazon. That gives brick-and-mortar retailers, who have long relied on their physical footprint for growth, an added dose of pressure. To keep up with the pace, many are turning to offering faster shipping, and other features, as they compete with digital challengers. .
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
MARCH 26, 2018
In the days following HelloFresh’s acquisition of the organic and vegan food delivery company Green Chef, other health-based meal kit delivery services are finding hope that there’s a strong market for their offerings — as well as plenty of room for them to find their niche. At least, that’s what Terra’s Kitchen CEO Mike McDevitt has taken away from the news — along with a sense that the hot space which is meal kits may now be beginning to settle and mature.
PYMNTS
MARCH 27, 2018
FitPay , the startup technology platform that adds contactless payment capabilities to wearable and IoT devices, has announced a partnership with Discover. Co-founders Michael Orlando and Chris Orlando told PYMNTS that adding this third major payment network to the FitPay platform will allow device partners and end users to add digitized Discover cards to their accounts, as well as supporting tokenization practices for Discover as the startup has done with its other partner networks.
PYMNTS
MARCH 27, 2018
FedEx made some waves today (March 27) with dual announcements highlighting its evolutionary path forward into an environment rapidly realigning around the digitization of society. The shipping and logistics firm announced its acquisition of P2P Mailing Limited — a global provider of eCommerce transportation solutions for around $102 million (£92 million).
PYMNTS
MARCH 27, 2018
In 1948, a cooperative in Switzerland brought an innovative transportation solution to life: The group, which was known as “Sefage,” created the world’s first carshare program. “This early effort was mainly motivated by economics,” Susan Shaheen, Daniel Sperling and Conrad Wagner wrote in Transportation Quarterly in 1998. “Individuals who could not afford to purchase a car instead shared one.”.
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
MARCH 30, 2018
Combined, more than $337 million in funding will fuel growth for an array of B2B startups that revealed their latest funding rounds this week. U.S.-based startups dominated, with investors focusing on cybersecurity solutions and on startups that aim to streamline back-office functions. PYMNTS breaks down the latest deals below. Cybersecurity. PreVeil.
PYMNTS
MARCH 30, 2018
Jerky isn’t just a generic product available on the shelf of the local gas station or convenience store for hungry travelers. It has evolved into a lean, protein-filled snack for active, health-conscious consumers and athletes. KRAVE Jerky , for example, has expanded this culinary-inspired niche within the broader jerky category. And, by doing so, the brand was able to open the door for premium jerky that is now available in the aisles of premium markets.
PYMNTS
MARCH 30, 2018
Snap , the parent company and creator of disappearing messaging app Snapchat , is laying off around 100 employees in order to focus on advertising. According to news from Bloomberg, citing people familiar with the matter, the additional layoffs represent the last step of the company’s restructuring process, which kicked off in the fourth quarter of 2017.
PYMNTS
MARCH 28, 2018
Bitcoin fell below the $8,000 level on Tuesday (March 27), CCN reported – and the cryptocurrency market as a whole could fall below a market cap of $300 million. Bitcoin was trading at $7,770.44 as of 10:41 p.m., according to CoinDesk. In hedge fund news, Morgan Creek acquired Full Tilt Capital LLC two months after that firm decided to dedicate a fund to crypto businesses, Bloomberg reported.
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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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