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In the pharmacy business, convenience is often seen as the key to success. Industry giants like CVS Health, Walgreens and Express Scripts, Inc. have become household names, enabling more than 50 percent of prescription drug sales in the U.S. by giving customers what they want most: a smooth, simple experience. Consumers want to refill prescriptions online or on their mobile phones, and they also want to be able to chat with their pharmacists.
Many taxpayers have heard of the research tax credit (also known as the R&D credit), which may conjure up images of scientists in an experimental laboratory. However, the research tax credit (research credit) casts a much wider net. There are many other activities that may qualify for the credit, including those commonly performed in the construction industry.
The Securities and Exchange Commission’s (SEC) leading authority on bitcoin, cryptocurrency and initial coin offerings (ICOs) has ruled that some well-known cryptocurrencies like bitcoin and Ethereum are not securities. However, the coins offered during initial coin offerings very likely are entirely — or mostly — securities, according to news from CNBC.
Loyalty programs can come with two challenges for retailers: getting consumers to sign up, and then making them feel like the rewards are worth the program. Some merchants are quick to think big to tackle these issues, offering hundreds to thousands of rewards points for the simplest of acts, such as downloading a merchant’s app. All those points come at a marketing cost and liabilities on the balance sheet, but still don’t guarantee loyal customers.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Shares of the Dutch payment processing firm Adyen debuted Wednesday (June 13) at €400, or about $470, which stood at 67 percent higher than the company’s IPO pricing. Share were selling at more than €500 ($589). Trading of Adyen shares took place on Amsterdam’s Euronext exchange. The company had raised €947 million ($1.1 billion) for its investors in the biggest technology IPO in Europe so far this year.
In the age of Big Data, global supply chains quickly flocked to analytics solutions that offered predictability and agility in a market swayed by geopolitical shifts, regulatory risks and even the weather. Initially, the enterprise struggled to be able to collect the data they needed, and to ensure that the data was of a high enough quality to make use of that information.
While banks have been investigating and investing in distributed ledger technology (DLT) the team at Ripple does not believe that DLTs are likely to make an appearance any time soon when it comes to processing cross-border payments. Issues around scalability and privacy are still too pointed. “I will concede, we haven’t gotten there yet,” Ripple’s chief cryptographer David Schwartz said in an interview.
While banks have been investigating and investing in distributed ledger technology (DLT) the team at Ripple does not believe that DLTs are likely to make an appearance any time soon when it comes to processing cross-border payments. Issues around scalability and privacy are still too pointed. “I will concede, we haven’t gotten there yet,” Ripple’s chief cryptographer David Schwartz said in an interview.
It was once the case that innovation — no matter the industry — took time. Judicious planning. Trial and error. Increasingly, though, time has become the scarcest of commodities. Thus, when it comes to payments, the name of the game is innovation on the fly. Innovation in real time, you might say, is key in bringing new technologies and new methods to markets.
B2B eCommerce software provider OroCommerce is integrating payments capabilities into its platform through a new collaboration with Limonetik. A press release issued Monday (June 11) revealed OroCommerce is turning to the cross-border payments FinTech to provide payment services for its corporate customers via API. The solution links businesses on the OroCommerce platform to more than 125 international payment methods to pay for the goods they purchase online.
From QSRs to casual dining operations, restaurants are tapping into mobile ordering to capture busy customers with no time to dine in. In the June Mobile Order-Ahead Tracker, PYMNTS explores how casual dining restaurants are balancing mobile ordering with table service, and are seeking to get ahead of changing consumer preferences. Plus, the latest on taking the chaos out of order pickup and more new developments in the space.
There is a sudden surge in construction technology startups, and investors have perked up. Analysts forecasted a 40 percent increase in venture capitalist (VC) funding for construction startups between 2014 and 2017, with investments totaling $375 million last year. This year, that figure has already been eclipsed thanks to SoftBank ‘s $865 million investment in Katerra.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Chubb, the insurance company, has partnered up with Sure Inc., a startup, to sell insurance to users of ride-hailing apps including Uber. The Wall Street Journal reported that Sure has created a product that gives passengers of ride-hailing apps accident and death coverage on a per-day basis. The insurance can be purchased on demand via a mobile app and will protect the passenger from any injuries he or she received while in the vehicle.
A new study reveals that while Americans are generally overconfident in their financial knowledge, only a few could score a top grade on a financial quiz. The “ Financial Literacy: Prosperity Begins with Knowledge ” study from Raddon, a provider of innovative research, also found that the vast majority have never attended a financial education program, although many think such a program would be extremely or very valuable.
As the Silent Generation is aging deeper into their 80s, and the oldest members of the Baby Boomer Generation are celebrating birthdays deeper into their 50s, elder care in the United States is becoming a more pressing and complicated issue by the day. Yet, Karen.care Co-founder and CEO Paul Shustak told Karen Webster in a recent conversation that those huge costs and complexities are a bit on the invisible side to most people, because family members providing unpaid care for older family member
There are apps for all sorts of tasks, but Apple doesn’t want apps to do one thing in particular — mine crypto, CNBC reported. In an update to its developer guidelines, Apple has banned mining. “Apps, including any third-party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining,” Apple said on its website.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Samsung NEXT has announced the launch of Samsung NEXT Q Fund to fund startups involved in artificial intelligence (AI). Q Fund will provide Seed and Series A financing to startups solving AI problems, as well as those using AI to solve computer science problems. Vincent Tang, principal at Samsung NEXT Ventures said , “For the past 10 years, we’ve watched software eat the world.
Payments firm Wirecard is expanding its presence in the B2B payments market, and is deploying blockchain technology in the process. An announcement on the company’s website on Thursday (June 14) said Wirecard is expanding its B2B services, using blockchain to connect merchants with producers. Distributed ledger technology will also be used to facilitate the creation and transmission of smart contracts to reduce the risk of fraud, the firm noted. “In this way, all steps along the comm
New Jersey Transit announced it is planning to modernize its fare payment system through proposed upgrades that would reduce cash and paper-based tickets, and provide customers with quick, easy and convenient ways to pay. NJ TRANSIT Executive Director Kevin Corbett said , “Improving the customer experience has been at the top of my priority list. Giving customers the ability to utilize the latest technology to pay fares offers a major convenience to them and multiple benefits, including easier p
American Express and Parley , an organization focused on combating marine plastic pollution, are teaming up to raise awareness about the issue. The payments company is planning to launch the first Amex card made from plastics recovered from the oceans and coasts. In a press release last week, Amex said it is also committing to reduce the use of single-use plastic within its operations around the globe.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Microsoft and human resources management company ADP are partnering for a holistic business management solution that combines financial and human capital data analytics, the companies recently announced. Together, the businesses revealed they are integrating ADP’s Workforce Now HCM solutions with Microsoft Dynamics 365 Business Central. Joint business customers of the solution can unify their payroll, HR, time management, tax and other HCM functions with their business management processes
Borrowing from the strategy of fast food restaurants, Dine Brands is working on a new order-ahead technology. Through an app, diners can order their food ahead of time before dining in and then pay their bill electronically, the New York Post reported. “It’s like converting casual dining to fast food,” Dine Brands CEO Stephen Joyce told The Post. Dine Brands, which oversees IHOP and Applebee’s Grill & Bar , is developing and experimenting with the technology, as same-store sales at Applebee
Time is money, and Walmart wants to save customers both – but it’s also asking for them to invest a little of the same. The big box retailer has ventured into the world of podcasting, recently launching Season Two of its “ Outside the Box ” podcast, which is focused on the value of time. Walmart has already invested in various strategies around time and convenience.
Following new alliances with Tencent and Google , Carrefour ’s chief executive Alexandre Bompard said that the company is making big progress on the digital front. He explained that the retailer’s expansion in digital commerce was an “absolute” priority as the company faces competition from online rivals, such as Amazon , Reuters reported. “Six months ago we were isolated,” Bompard said at the company’s yearly shareholders meeting. “All the retail alliances were taking place without
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
Equifax , the embattled credit scoring company announced Thursday (June 14) that it named Bryson Koehler as Chief Technology Officer. In a press release, Equifax said Koehler, who was previously the Chief Technology Officer at IBM Watson and Cloud Platform , will be in charge of the company’s global information technology strategy and development.
The world is becoming more digital , and digital-transaction-friendly , at an almost exponential rate over the last few years. All to the good — and all adding to the case of greater efficiency. However, inefficient pockets hang on. Transparent allocation processes often make corporate spending opaque, even to CFOs most of the time — and even though they should presumably know such things.
For banks, beyond the vagaries of interest rates, income depends in part on managing costs. Manage them well, and margins get a boost. The converse is also true, of course, as inefficiencies can paint bottom lines a stark shade of red. In its starkest definition, the efficiency ratio is operating expenses divided by revenues. A lower ratio means the bank is operating with better cost control.
Before the internet made car pricing transparent, a car’s value was a big unknown for the consumer. Buyers would dealer-hop, negotiate for hours and do the back-and-forth between dealers before, mostly out of sheer exhaustion and frustration, buy a vehicle. Still never knowing if they’d gotten a good deal on the purchase, or their trade. According to Scott Painter, founder of TrueCar and (more recently) the Fair app , the post-digital age of shopping is very, very different.
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Cryptocurrencies fell fast in just a few hours due to a flash crash that wiped out $15 billion. According to News BTC , the crypto markets fell more than 6 percent over a day, with bitcoin kicking it off by shedding $300 in just over an hour and 4.5 percent on the day. And as BTC points out, since all cryptos are tied together, if a big one falls, they all do — and often harder.
If one thing is certain about the future, it’s that nothing can be certain – so it’s best to be prepared for everything. But when it comes to payments technology, that can be easier said than done. Jeff Zimmerman, COO at Clearent , says that embedding payments into software is, admittedly, a difficult task for ISVs, given the myriad types of devices their customers are using to run the software, as well as the different types of payment devices and methods that their customers want to use in con
Millennials are a force to be reckoned with, as they are made up of approximately 90 million individuals with significant spending power: By 2030, their aggregate annual income is projected to be more than $4 trillion. And though this market presents brands with a large audience of potential customers, will digitally native millennials tune in to a shopping network?
The future is coming to McDonald’s and, according to recent reports , that future is going to look a lot like self-service order kiosks. According to Inc. , the days of being asked “would you like fries with that” are coming to an end. Instead of a human cashier inquiring, the machine will simply pop up a fries notification. McDonald’s, which has increasingly expanded its use of self-service kiosks in the last year, says they are popular with consumers who like the abili
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
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