Katz,Sapper&Miller

APRIL 20, 2018

In recent years, the Financial Accounting Standards Board (FASB) received feedback that revenue recognition guidance was fragmented at best, confusing at worst. This is significant considering revenue is the key measurement used to determine a manufacturing company’s performance. In response to this feedback, the FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, in May 2014, and subsequently amended it.

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PYMNTS

APRIL 16, 2018

Foursquare is offering small businesses (SMBs) and startups access to its geolocation API, according to VentureBeat reports on Friday (April 13). The company already offers location identification services to companies like Snapchat and Uber, enabling geolocation within their own platforms. Now, Foursquare is extending this service to SMBs via its Places API for Startups.

B2B 74

B2B 74

PYMNTS

APRIL 17, 2018

Change sometimes comes to technology at the speed of light. Literally. In news that bowed from the Moscow Institute of Physics and Technology in March, strides are being made in developing a high-speed quantum internet. The developments in Moscow come even as companies are racing to develop quantum computers. Those machines would be fast enough, should they fall into nefarious hands, to shatter today’s hardiest encryption codes.

Technology 73

Technology 73

PYMNTS

APRIL 17, 2018

The initial inner workings of a price comparison tool called Basket began when Neil Kataria was a kid. He loved to optimize his mom and dad’s shopping trips by clipping coupons and spotting sales. Years later, he found himself spending a ton of baby products and groceries when he had a family. And comparing prices between grocers wasn’t an easy feat.

Retail 63

Retail Hospitality Start-ups Sales 63

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.

Account

PYMNTS

APRIL 17, 2018

It wasn’t so long ago that traveling to a new city meant swinging by the bookstore, picking up a guidebook and planning the itinerary based on one’s research of the area. Entire businesses were built upon the notion of providing local tips and expertise to non-locals. Thanks to the smartphone, those days are gone – but in terms of a digital replacement for the guidebook, it’s still largely a cobbled-together experience across several apps with different purposes.

Transportation 60

Transportation Start-ups Technology Maine 60

PYMNTS

APRIL 18, 2018

The coalition rewards programs have had some success gaining traction in Europe, as American Express’ experiment with launching one stateside seems to have come to an end. Plenti , the Amex frequent shopper program, brought a lot of high-profile merchants like Macy’s , Rite Aid and ExxonMobil under a single rewards heading – and then distributed Plenti points to consumers who frequented the right merchants.

Retail 56

Retail 56

PYMNTS

APRIL 17, 2018

The financial crisis that rolled through the economic landscape a decade ago was — among many things — a financial reset button. Interest rates plummeted as the Fed held the federal funds rate at zero in the hopes of stimulating lending in an environment where credit went from dangerously free-flowing to dangerously non-existent in the span of a few months.

accounting and finance 55

accounting and finance Finance Start-ups Texas 55

PYMNTS

APRIL 19, 2018

Last month, Deutsche Bank AG mistakenly sent €28 billion ($35 billion) to an exchange. According to news from Bloomberg , a person familiar with the matter revealed the blunder made by Germany’s biggest lender. The erroneous bank transfer happened about a week before Easter as the financial institution was carrying out a daily collateral adjustment.

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PYMNTS

APRIL 17, 2018

Amid the data privacy -related headlines that have been dominating Facebook ’s existence as of late, the company is carrying through with its efforts to expand in India, where the social media giant is moving into payments. FactorDaily reports that the company’s payments initiative comes through the confirmation of two sources, unnamed, who said the company has been constructing a payments platform.

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Construction 53

PYMNTS

APRIL 17, 2018

New data shows that rising home prices are translating into mortgage loan debt not seen since the housing crisis. According to The Wall Street Journal , new research from mortgage data tracker CoreLogic found that about one in five conventional mortgage loans completed this winter went to borrowers who were paying more than 45 percent of their monthly incomes toward their mortgage and other debts.

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Start-ups 53

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.

Account

PYMNTS

APRIL 17, 2018

Walmart, continuing to take on Amazon in the world of eCommerce, unveiled its overhauled Walmart.com website, which Marc Lore, president and chief executive of Walmart U.S. eCommerce, said was a “cleaner” and a “more modern digital shopping experience” for customers in a blog post. According to the executive, the updated Walmart.com will begin to be rolled out in May and will include a new look and feel.

Retail 52

Retail accountant Account accounted 52

PYMNTS

APRIL 17, 2018

TaskRabbit — the freelancer marketplace owned by IKEA, the Swedish furniture retailer — has been the victim of a hack that prompted the company to take its website and app offline Monday (April 16). The Wall Street Journal , citing TaskRabbit, reported the company alerted customers that they should change their passwords as it looks into what it is calling a “cybersecurity incident.

Retail 52

Retail 52

PYMNTS

APRIL 17, 2018

Mastercard has filed a patent that reveals it might utilize blockchain as a way to protect identity data. The application , which was originally filed in September 2017 and was released by the U.S. Patent and Trademark Office last week, describes how a semi-private or private blockchain could be used to receive and store identity data, including a “name, a street address, tax identification number” and more.

Technology 52

Technology Tax 52

PYMNTS

APRIL 16, 2018

Startups FitPay and NXT-ID are working to take eWallets to the next level. Existing smartphone-based eWallets may have achieved the ultimate convenience, compressing bulky physical wallets into a nice, tidy digital space and enabling consumers to carry just one item when they leave the house. However, for some, phone-based eWallets leave a lot of questions unanswered in terms of security, particularly as hacks and data breaches continue to leave more and more consumer data exposed.

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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.

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PYMNTS

APRIL 20, 2018

When it comes to getting customers to their destinations, there are no shortage of options available all over the world. Travel was one of the first verticals the internet disrupted, and today there are not only countless platforms aggregating hotel rooms, cruises and flights; there are also an almost equally countless number of platforms that aggregate other travel platforms to make sure the customer can get the best value for their holiday booking.

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PYMNTS

APRIL 17, 2018

A new survey has found that 45 percent of Americans are confused about their credit cards rewards, especially those involving travel. A survey by NextAdvisor found that 54 percent of Americans find frequent flyer miles confusing, while 47 percent are perplexed by hotel loyalty programs. And the rewards system in general is confusing to many consumers.

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Education Start-ups Finance 50

PYMNTS

APRIL 17, 2018

To offer customers more convenient payment options, Grubhub is adding Venmo to its platform. With the new functionality, consumers will have an easier way to share the cost of a delivery order with friends, Grubhub said in a announcement. Customers purchasing food on Grubhub, Seamless or Eat24 mobile apps will be able to pay for their orders with their Venmo balances, linked bank accounts or debit cards.

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PYMNTS

APRIL 17, 2018

As Apple seeks to bring in more revenue from online services and content, the tech company plans to integrate the technology behind Texture into its Apple News mobile app and develop a premium magazine subscription offering, Bloomberg reported. Apple acquired Texture last month, which offers users subscriptions to more than 200 magazines for a monthly fee of $9.99.

Technology 49

Technology California Gaming 49

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

Sales

PYMNTS

APRIL 16, 2018

Barclays , gearing up to drive more innovation, and thus profit, in its U.K. business is creating a venture capital-type unit. According to news from Reuters , Barclays has been having a tough time boosting growth in the U.K. and is launching Barclays UK Ventures to turn that around. The unit will be led by Ben Davey, former head of Barclays group strategy.

Non-Profits 49

Non-Profits Technology Start-ups accountant 49

PYMNTS

APRIL 16, 2018

There are any number of conclusions one might draw after watching the Facebook hearings on Capitol Hill last week. That most of our elected officials don’t have any clue how Facebook, much less the platform business models that have powered so much innovation across industry segments for thousands of years, work. That Mark Zuckerberg showed remarkable restraint in the face of being asked, repeatedly, over the course of two days and 10 hours, questions that highlighted that lack of understanding.

Transportation 48

Transportation Technology Start-ups Sales 48

PYMNTS

APRIL 20, 2018

In an ironic twist of events, an engineer was able to access attendee information stored in a cybersecurity conference’s mobile app. A Twitter user that goes by the handle svbl said that a vulnerability in the RSA Conference Mobile App was caused by a third-party site, Mashable reported. “[It] was the API from [link] that was used by the RSA conference app,” svbl told Mashable via Twitter direct message.

Technology 47

Technology Hospitality Government 47

PYMNTS

APRIL 17, 2018

No one likes to be kept waiting — especially hungry consumers. And should a restaurant fail to meet their expectations, patrons are likely to head to a faster competitor to get their fill. Now, it seems quick service restaurants ( QSRs ) are considering convenient innovations like interactive kiosks, vending machines and robots as the key to unlocking new food service business.

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Technology Texas Retail Maine 47

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PYMNTS

APRIL 16, 2018

Coinsecure, a cryptocurrency exchange based in India, said Monday (April 16) that roughly $3 million worth of bitcoin were stolen from the company’s bitcoin wallet. The number of bitcoins stolen, the company said, comes to about 438. Reuters reported that the theft stands among the largest in the country’s nascent cryptocurrency arena and might have the impact of dampening trading activity.

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Legal Government 46

PYMNTS

APRIL 17, 2018

Enterprise software company Odoo is expanding into the Chinese market to target small businesses (SMBs) in need of enterprise resource planning (ERP) systems. A press release on Monday (April 16) said Odoo has launched a joint venture with Chinese cloud computing firm Inspur to expand into the market. The firm noted it already services Chinese customers, but its current revenue from China is “nothing compared to the size of the market.”.

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PYMNTS

APRIL 16, 2018

As Chinese tech companies ramp up their efforts to offer financial services, BlackRock Co-Founder Robert Kapito said that existing Western firms may struggle to compete. “This is a story that I do not think ends very well,” Kapito said at an event in Switzerland, The Financial Times reported. In his remarks, Kapito drew corollaries to show how tech companies have disrupted various industries, saying they could shake up the financial world next. “ Apple was not in the music industry, Google was

Technology 46

Technology Finance 46

PYMNTS

APRIL 18, 2018

Ubiquity of acceptance is payments’ holy grail. It’s an experience that people living in the developed world have learned to expect each time they produce a plastic debit, credit or gift card to use in a store anywhere in the world to pay for something they buy. What makes the experience ubiquitous is the set of standards that card networks have agreed to support so that transacting with those payments products is interoperable and consistent for everyone across the payments ecosystem.

E-commerce 46

E-commerce 46

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

APRIL 17, 2018

To support the next stage of the company’s growth, smart kitchen startup Chefling, Inc. has notched $1 million in pre-series A funding from XVVC, LLC. Chefling will use the funding for product development, hiring and marketing, the company said in an announcement. “Chefling’s unique and comprehensive personal kitchen assistant presents an exciting opportunity to gain widespread market adoption,” XVVC, LLC Founder Brian Deutsch said in the announcement.

Technology 46

Technology Retail 46

PYMNTS

APRIL 17, 2018

The United States and Britain have accused Russia of releasing a cyberattack that impacted computers around the world and could be used to launch offensive attacks. According to Reuters , the attack was launched on computer routers, firewalls and other networking equipment used by government agencies, companies and critical infrastructure operators globally.

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Government 46

PYMNTS

APRIL 17, 2018

Traditional lodging doesn’t always fit the bill for business travelers. After a long day of client meetings or conference sessions, business travelers might want to unwind in an Airbnb that feels like home instead of a staid chain hotel room. That option is not always available with the traditional suspects for business travel booking, like travel agents or online travel agencies (OTAs).

Maine 46

Maine Technology 46

PYMNTS

APRIL 16, 2018

Continuing the run of earnings beats for banks, Bank of America announced news on Monday (April 16) that loan growth helped lift results above Wall Street estimates, while digital initiatives showed strong momentum. CEO Brian Moynihan said in the earnings release that “strong client activity, coupled with a growing global economy and solid U.S. consumer activity, led to record quarterly earnings.”.

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Sales 46

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