Sat.Apr 11, 2020 - Fri.Apr 17, 2020

article thumbnail

Episode 067: Craft Beer and Local Food with Corey Lord

BuildYourFirm

Want to know about the craft beer and local wine and food industries? Then don’t miss this episode! Join host Hugh Duffy as he talks with Corey Lord, Lord CPAs. The two discuss how he got started in this unique niche. What are some of the pressure points in those businesses? And what are some of his goals for the future? Join us! Want to know about the craft beer and local wine and food industries?

Michigan 246
article thumbnail

Sweden’s Outlier Response To COVID-19, And Its Results So Far

PYMNTS

While most of the world has gone into some version enforced social distancing and quarantine mode with the rise of COVID-19 — closing schools, banning public gatherings, shutting down all non-essential businesses like restaurants and shops and requiring that anyone who can work from home do so — Sweden has been an outlier. Shops in Sweden remain open, as do bars, restaurants, schools and offices.

Education 145
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SBA Issues Guidance on Paycheck Protection Program Loans for Self-Employed Individuals and Independent Contractors

Katz,Sapper&Miller

On April 14, 2020, the U.S. Small Business Administration (SBA) issued guidance regarding the Paycheck Protection Program (PPP) application process for self-employed individuals. The application process was officially open to sole proprietors and independent contractors on April 10, 2020, but it was difficult to complete the application due to the lack of sufficient guidance.

77
article thumbnail

JPMC To Require 700 Credit Score, 20 Pct Down For New Mortgages

PYMNTS

JPMorgan Chase is attempting to stave off the oncoming economic downturn by raising the standards on who can borrow from them for the time being, according to a Reuters report. The new standards will make it so customers applying for a new mortgage will need a credit score of 700 or higher and will have to make a down payment of 20 percent of the home’s values.

Sales 136
article thumbnail

2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

article thumbnail

Securing The New Commerce Normal

PYMNTS

For all that has changed dramatically in the last several weeks due to the coronavirus pandemic, consumers are still looking for the same two core offerings in every transaction, no matter what it is or where it takes place: seamlessness and security. An awful lot of other things have changed all around that core, however. Most Main Street businesses are shut down for the time being; workers are away from their offices; and as a result of social distancing, we as a society have concentrated all

Tennessee 129
article thumbnail

Banking On A Rough Earnings Season For Banks

PYMNTS

Three months seems a lifetime ago, pre- coronavirus pandemic, pre-recession, pre-lockdown, pre-bailouts. The stark changes in all facets of daily life for the U.S. (and international) consumer and the businesses that serve them will be center stage as earnings season gets underway, starting, as always, with a slew of big banks. This week, Wells Fargo , JPMorgan Chase , Citigroup , Bank of America and Goldman Sachs will report results for the March quarter and are likely to show volatility, to pu

Start-ups 124

More Trending

article thumbnail

Rewriting The Future Of Supply Chain Success

PYMNTS

The global pandemic has thrown businesses into an entirely new playing field and left many scrambling to act. Retail demand has risen sharply for items like home cleaning supplies and groceries, while dropping off in other product categories, leaving companies to adjust to these shifting purchasing patterns. Businesses reliant on global supply chains and manufacturers in greatly impacted countries face new hurdles and must seek ways to acquire the items they need.

B2B 119
article thumbnail

Unrolling The Mystery Of The Great Toilet Paper Shortage

PYMNTS

It has been said that a crisis reveals what people truly value, quickly separating the things that one needs to have from those that one merely wants to have. And, given the state of grocery store shelves for the last month or so due to the coronavirus pandemic, we feel we can safely say that what American most fundamentally value is toilet paper. Closely followed by disinfectant spray.

Georgia 118
article thumbnail

Pandemic Pricing Prompts Lawsuit Against Food Delivery Apps 

PYMNTS

Food delivery apps GrubHub, DoorDash, Postmates and Uber Eats were named in a class-action lawsuit filed in Manhattan federal court that alleges price gouging during the coronavirus pandemic as well as before. Additional service fees charged to restaurants will result in higher menu prices that will trickle down to hurt consumers, according to a Reuters report on Monday (April 13). .

New York 117
article thumbnail

Airlines Eye Selling Miles For Cash

PYMNTS

Cash is the buffer that can help companies grapple with the drop in consumer demand, the ripple effects of disrupted supply chains and disappearing top lines as the coronavirus pandemic continues. Cash is what can keep the lights on and the staff paid. And in some case companies have had to tap into new ways of raising cash (beyond, for example, waiting for stimulus or bailout funds) by leveraging assets that, in turn, tie into a resurgence in consumer spending and traveling — in short, business

Sales 117
article thumbnail

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

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.

article thumbnail

IRS Has Rocky Start With Stimulus Funds As Money Misrouted

PYMNTS

From error messages on the Get My Payment tool to misrouted funds and checks sent to dead people, the IRS is having a tough time getting coronavirus stimulus money into the hands of those who need it most. . The new Get My Payment tool launched on Wednesday (April 15) by the IRS and the Treasury Department is supposed to let people know when they can expect their stimulus check or direct deposit, or allow them to enter direct deposit information so they can get their money faster. .

article thumbnail

Why ‘Digital-First’ Banking Will Become ‘Digital-Always’

PYMNTS

Amid the coronavirus pandemic, a significant number of bank branches shuttered. And where there are branches, hours are staggered. As Doug Brown, senior vice president and general manager of NCR , told Karen Webster, fundamental shifts are underway in financial services and the very way in which those services are delivered — and the shifts will be permanent.

article thumbnail

How Marketplaces Fill The Global Covid-19 Talent Gap

PYMNTS

Freelancers worldwide found themselves impacted by the new coronavirus as it shuttered businesses and stalled payments, with many gig workers now fulfilling critical roles to keep society moving as consumers retreat inside of their homes. Food delivery and Uber drivers, for example, are among those still able to work. Other freelancers such as wedding industry vendors saw their ability to work rapidly decline during the pandemic, sending them into their homes to hopefully outlast COVID-19 financ

article thumbnail

The Handshake Is Dead – Long Live The Curtsy

PYMNTS

The handshake has a long and curious history as far as greetings go. Most historians place the first instance back in the 5 th century BCE in Greece, where it was used to demonstrate that one was not carrying a weapon. When used in a commerce context in public markets, it was often combined with another new fad sweeping early civilization – waving (to demonstrate you weren’t holding a weapon in the other hand, either).

article thumbnail

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.

article thumbnail

CFPB Tapped To Help Distribute COVID-19 Payments

PYMNTS

The Consumer Financial Protection Bureau (CFPB) has made it easier for people to access stimulus CARES Act funds by removing some of the legal barriers barring banks from issuing the payments through prepaid accounts, according to a press release. Banks or other government agencies are usually unable to get direct deposits right to consumers if the banks are not in possession of the consumer’s account information.

article thumbnail

Robots Take Center Stage In COVID-19 Crisis

PYMNTS

COVID-19 could mark the true rise of the robots in retail. As warehouse workers strike for better protective equipment and consumers show increased sensitivity around handling food, several new examples of robots filling in have emerged over the past few weeks. The robotic rise can be seen in two key areas: fulfillment and in-store. As an example, Ocado, Britain’s leading online grocer, has had to stress-test an experimental program to automate its warehouses.

article thumbnail

MBA Students Petition For Tuition Refunds Due To Coronavirus

PYMNTS

Students at some of the world’s leading business schools, including Kellogg School of Management, Insead and The Wharton School, have demanded refunds on their tuition payments amid online classes they said are not worth the exorbitantly high fees they paid to attend the schools in person, according to the Financial Times. The classes have to take place online for now because of the coronavirus pandemic, but students at some schools said using Zoom or other such platforms just isn’t

109
109
article thumbnail

PayPal Approved To Process SMB PPP Loans

PYMNTS

PayPal has become one of the first non-bank institutions allowed to distribute loans to help small- to medium-sized businesses (SMBs) in response to the coronavirus pandemic, according to a press release. The digital payments platform will now be able to give loans to SMBs that apply for loans under the Small Business Association’s (SBA’s) Paycheck Protection Program (PPP).

article thumbnail

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.

article thumbnail

How COVID-19 Has Impacted How Consumers Spend Their Money

PYMNTS

Stores are shut down, restaurants are restricted to carryout and delivery only, professional sports are on hold, most flights are grounded and the fate of summer vacation in 2020 remains a coin toss. In short, the world of mid-April 2020 in the United States looks very, very different from that of January 2020 – in fact, it’s very different from any other time in the country’s history.

Sports 103
article thumbnail

Black Swans Are The Sandbox Of New Innovations

PYMNTS

Jim McCarthy, i2c president, says disasters often breed innovation. “Telecommuting, online education and moving to a cashless and virtual financial system will likely become the norm,” he told PYMNTS. “This most recent black swan is proving that online financial services are a lifeline service.”. The following is an excerpt from Black Swan , contributed by i2c President Jim McCarthy.

article thumbnail

COVID-19 And The Acceleration Of Digital Payment Adoption

PYMNTS

“Social distancing doesn’t have to stop the flow of money in today’s digital world,” Ingo Money CEO Drew Edwards told PYMNTS. “Whether we are talking about spending money or receiving money from a disbursement, we will likely see the acceleration of digital payment adoption…” as one byproduct of the COVID-19 pandemic. Edwards discusses payments post-pandemic in Black Swan, a special report exclusively from PYMNTS.com.

auditor 103
article thumbnail

AI Holds Answers For Retail’s Post-COVID Future

PYMNTS

At some point after the COVID-19 crisis passes, retailers will need to reckon with artificial intelligence (AI). It may seem like an advanced data application is a galaxy away from current concerns about survival. But if data is the new oil for retail competition, AI is the jet fuel. And if the retail comeback from COVID-19 contains order and purchase spikes, ignoring AI could come at a price.

Retail 102
article thumbnail

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

article thumbnail

Toy Fair Takes Business Into Its Own Hands

PYMNTS

In what appears to be an unprecedented move, an industry trade association is stepping in to help restart a retail community hit hard by the COVID-19 pandemic. Last week, The Toy Association , which produces the mega-sized New York Toy Fair, announced plans for “ Toy Fair Everywhere.” It will be a series of virtual market weeks to help businesses connect with customers at a time when in-person events are impossible to hold.

Education 102
article thumbnail

Groupon Lays Off 44 Pct Of Workforce

PYMNTS

As the coronavirus pandemic continues, Groupon plans to lay off around 2,800 employees, according to a filing with the U.S. Securities and Exchange Commission on Monday (April 13), the Chicago Tribune reported. The layoffs are partly an attempt to keep up with the current economic strife that has left large portions of the country jobless. Chicago-based Groupon, which sells consumers coupons and deals to various retailers and businesses, has not seen its best days due to the stay-at-home orders

article thumbnail

Square To Distribute SBA’s PPP Loans

PYMNTS

Square Capital announced Monday (April 13) it’s the latest FinTech to participate in the federal Paycheck Protection Program (PPP). In a tweet , Square Capital Lead Jackie Reses announced the San Francisco-based company, which allows anyone to accept credit card payments using a smartphone or tablet, has been approved to process the U.S. Small Business Administration loans and will collaborate with Celtic Bank of Salt Lake City to launch its program this week.

payroll 101
article thumbnail

Healthcare Looks To AI For Fraud Cure

PYMNTS

The applications of artificial intelligence (AI) are manifold, and many feel that perhaps its most meaningful uses are in the healthcare field, where data can be a matter of life and death. PYMNTS’ Unlocking AI Playbook: Healthcare Edition , a collaboration with Brighterion , examines the frustratingly slow pace of AI adoption in the greater healthcare space.

article thumbnail

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.

article thumbnail

Street Cred: How One Spa Entrepreneur Is Navigating The COVID-19 Crisis

PYMNTS

It’s hard to find a retail resume that’s more impressive than Joyce Hampers’. It starts with an undergrad degree from Boston College and a law degree from Boston University. After that, a private law practice followed by an appointment by William Weld (then governor of Massachusetts) as commissioner of revenue in 1975. And when President George Bush was elected in 1989, she became U.S.

article thumbnail

Providing Access To Healthy Meals With Telehealth Retail

PYMNTS

The quickly evolving telehealth category has a new business model, with diabetes prevention program (DPP) Fruit Street teaming with meal kit company Purple Carrot to add a retail spin to its health advisory service. Fruit Street’s team of registered dietitians reviews Purple Carrot meals and makes sure they follow dietary guidelines for Type 2 diabetes.

Retail 100
article thumbnail

Santander FinTech PagoFX To Compete With TransferWise

PYMNTS

Madrid-based Santander, the world’s 16th-largest bank, is set to roll out PagoFX , a new FinTech spinout intended to compete with cross-border money transfer service provider TransferWise. “It’s strange to launch in these circumstances, but our mission is even more important today if you think about expat workers who need to send money to their families and need to be sure that money is delivered quickly,” Cedric Menager, chief executive of PagoFX told the Financial Times in a Thursday (April 16

article thumbnail

Walmart To Customers: Get Stimulus Check Deposited In MoneyCard Account

PYMNTS

Walmart is hoping customers will sign up for its Walmart MoneyCard to create a direct deposit account to access the government stimulus payments being sent out this week, touting waived fees and quick access, according to an emailed press release. The retail giant said the process would be safe, easy and affordable. The measure could be a boon for customers who don’t have traditional bank accounts and thus wouldn’t be eligible for the IRS’s standard measure of direct depositing

article thumbnail

Solve Your Firms 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.