Sat.Feb 01, 2020 - Fri.Feb 07, 2020

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Google Quits Cookies As Data Privacy Regs Show Fangs

PYMNTS

Looks like the digital advertising and marketing sectors are in for a reckoning. How that will affect merchants’ online promotional activity hangs in the balance. That’s the scoop as 2020 opens, with privacy skirmishes turning to full-scale war on browser cookies. As we know, mostly anonymous corporations have been collecting consumer data online for years, usually without explicit permission, selling it or using it for ad retargeting and personalization.

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5 Tax Saving Strategies for Small Businesses

SingleTrackAccounting

We are starting down the third year of the Tax Cuts and Jobs Act and tax savings are all around us. Every year the standard tax brackets increase with inflation. Here’s a breakdown of the 2020 tax brackets. . No matter which bracket you fall in, there are multiple ways to cut down your tax bill and take advantage of savings. Here are 5 tax saving strategies for small businesses.

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Danny Charles Joins KSM as Director in Transaction Services Group

Katz,Sapper&Miller

Katz, Sapper & Miller is pleased to announce Danny Charles has joined the firm as the newest director in its Transaction Services Group.

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What Is a Lookback Period for Forms 941 and 944?

Patriot Software

Do you know how often you need to deposit federal income, Social Security, and Medicare taxes? You can’t deposit the taxes whenever you feel like. Your deposit frequency is based on a lookback period. So, what is a lookback period? What is a lookback period? A lookback period is the time frame employers use to […]. The post What Is a Lookback Period for Forms 941 and 944?

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

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.

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WhatsApp Pay Gets Approval For Phased India Rollout

PYMNTS

Almost two years after its experimental run, the Facebook-owned messaging service WhatsApp has received regulatory approval for its WhatsApp Pay platform in India. The National Payments Corporation of India (NPCI) provided the firm with permission to put WhatsApp Pay into operation in a phased manner, The Business Standard reported. . The NPCI’s green light comes after approval from the Reserve Bank of India (RBI).

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MoneyGram, Brink’s And The (Possible) Cross-Pollination Of X-Border

PYMNTS

Cross-pollination in financial services — leveraging payments across digital and physical channels — is an emerging trend, especially when it comes to cross-border transactions, and especially with remittances. To that end, MoneyGram has received a $9 million investment from The Brink’s Company, which in turn becomes a significant owner with a roughly 5 percent stake in MoneyGram.

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Blockchain-Powered B2B FinTech Roars Back With VCs

PYMNTS

It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. In PYMNTS’ latest B2B venture capital roundup, which yielded $75 million in new funding, startups embraced distributed ledger technology for B2B payments and supply chain management, with 80 percent of total funding landing at blockchain companies.

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How FinTechs View Emerging B2B Payment Innovations In 2020

PYMNTS

FinTechs are keeping an eye on emerging technologies at the beginning of the year — and predicting how they will impact business-to-business (B2B) payments in 2020. AvidXchange CEO and Co-Founder Michael Praeger, in one case, told PYMNTS that “AI [artificial intelligence] and machine learning have already made huge waves in the payments space, but I think we’ve yet to see their full impact, particularly as it relates to real time and cross-border payments.

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Banking-As-A-Service’s Secret Sauce

PYMNTS

Remember that old term “banker’s hours?”. That term, which fairly or unfairly suggested that banks were centers of slow-moving progress and relatively easy professional work, is long gone. Indeed, banks represent a significant and necessarily vital part of the massive changes taking place all around the world in financial services and payments — moves that are happening at increasing, even real-time, speeds.

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Grubhub Pays The Price Of Keeping Its Customers

PYMNTS

The year 2020 is off to a rocky start for food delivery platform Grubhub. Shortly after the new year began, rumors started circulating that Grubhub — facing increasingly stiff competition in a crowded food delivery service market — was actively seeking a buyer , as it had seen falling market share and rising costs. Reports indicated that the firm had gone so far as to hire financial advisors to guide it through the potential transition.

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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.

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New EU Card Rules Could Confuse Customers

PYMNTS

The European Union has issued new rules for contactless payments, which has caused confusion and forced one digital bank to issue new cards, according to a report in the Telegraph. The move could potentially affect 57 billion euros ($62.4 billion) in revenue to businesses throughout Europe. The Strong Customer Authentication (SCA) regulations say a bank has to verify a person’s identity whenever they make a payment that totals 100 euros ($109.45).

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New UK Farmers’ Bank Gets License, Funding

PYMNTS

A new British bank that will launch later in 2020 is aimed at securing funding for farmers, according to a report. Oxbury, based in Chester, is going to offer specific products for British farmers, as well as savings accounts for the general public and businesses. The bank secured its license from the Bank of England’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). .

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Nike Teams With Geek+ For Robotic Same-Day Delivery In Japan

PYMNTS

Smart logistics provider Geek+ announced a same-day delivery partnership with Nike, which will provide advanced robotics solutions for the athletics company’s new distribution center in Japan, according to reports on Wednesday (Feb. 5). The partnership will allow more than 200 robots to deploy from the Geek+ “goods-to-person P series line,” which will carry Nike’s products directly to warehouse workers.

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Breaking Batch (Payments): BNP Paribas On APIs And Making B2B Payments Faster

PYMNTS

Application programming interfaces (APIs) may be underutilized in business and financial sectors. Recent surveys have found that many bankers and small business (SMB) owners are unaware of how to use business-to-business (B2B) APIs securely and optimally. A survey of Hong Kong and Singaporean bankers, for instance, found that 23 percent are wary of adopting APIs because of unclear regulations.

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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.

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BOJ: 40 Pct Of Japan’s Financial Firms Victims Of Cyber Attacks

PYMNTS

Ahead of hosting the 2020 Olympics in Tokyo this summer in July and August, Japan’s financial institutions have been cautioned to be especially on guard for cyber attacks throughout the year, according to Reuters. The very real threat of a major incident has compelled the Bank of England and other international central banks to be extra vigilant against a potential attack.

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Air Canada Customers In The Country Can Now Use PayPal

PYMNTS

Air Canada has announced that it is introducing a brand new payment option for Canadian customers when they’re buying tickets on aircanada.com: PayPal. Customers can use the payment option to buy tickets and pay with whatever payment they prefer that’s linked to PayPal. “Air Canada’s strategy is to continually provide customers the opportunity to make their purchase using their preferred method of payment,” said Keith Wallis, senior director of Payments and Distribution at Air Canada.

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Helping Restaurants Adjust To Their New Tech-Based Reality

PYMNTS

Restaurants face major change. Mobile ordering, contactless NFC payments, ordering kiosks and delivery options have all started to take hold, forcing restaurants to rethink their core businesses. The very best among them have large digital strategies that address the full guest experience, from ordering on a mobile device to purchasing on-site right up through food delivery and encouraging the next visit.

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Mastercard, Pine Labs And The Global Buy Now, Pay Later Explosion

PYMNTS

A quick survey of the most recent edition of the PYMNTS Buy Now, Pay Later Tracker indicates that a genuine sea of change is rising when it comes to how merchants want to interact with their customers, and how consumers want to manage their transactions. And it is something that one can observe all over the world in a variety of forms — the 30 percent of Australian consumers that have already signed on for Buy Now, Pay Later accounts; or in the increasing share of millennials and Gen Z who rep

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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

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APIs May Be The Key To Singapore’s Open Banking Future

PYMNTS

Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore, where legacy institutions have traditionally dominated. This prospective growth can largely be attributed to the Monetary Authority of Singapore (MAS), the region’s main regulator, which announced in June 2018 that it would grant five digital banking licenses to third-party companies.

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How HR’s Self-Service Shift Drives Payroll To Unlock Data

PYMNTS

As open banking frameworks continue to encourage bank-FinTech collaboration , the financial services market is exploring new ways to unlock data — not only with banks, but with each other. That means financial functions beyond banking are taking advantage of application programming interface (API) data integrations, with productivity gains particularly large for business end-users of these products and services.

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Open Banking Targets SMB Apps, Payments Data

PYMNTS

Open Banking frameworks continue to proliferate throughout the world. The Australian Competition and Consumer Commission (ACCC) has now formally released the Consumer Data Right (CDR) rules that will set the stage for Open Banking in the country, which will take effect on July 1 of this year. Meanwhile, the Monetary Authority of Singapore (MAS) continues to drive financial services innovation through the availability of banking licenses for FinTech firms, with a focus on exploring the opportunit

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UPS Looks To Drones To Speed Up Delivery

PYMNTS

In a move to compete with Amazon in the competitive consumer delivery space, UPS plans to use drones and other tactics to complete shipments faster, according to reports. The company is also looking into extending its hours of operation and deploying autonomous delivery automobiles. “In 2019, UPS launched more new services and operational innovations than in any year in the company’s recent history,” said UPS Chairman and CEO David Abney.

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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.

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SEC Proposal Would Allow Token Sales Under Current Securities Laws

PYMNTS

Hester Peirce, a financial regulator at the U.S. Securities and Exchange Commission (SEC), said that tech startups may be able to raise money using digital tokens under current law, but that there would be stipulations, according to a report by Reuters. Tech firms will have to create a transition plan after a three-year period that illustrates whether the digital coins will be able to be traded in a “decentralized” framework.

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Amid Digital Payments Boom, Google’s (Re)Charge Into India

PYMNTS

For Google — and specifically for Google Pay — India’s continued push into digital payments offers a tremendous greenfield opportunity, and perhaps a roadmap to help shape (digital) go-to-market efforts in other parts of the globe. Amid several months of new service and product rollouts and refreshes spanning several months, Google said earlier this week that it has debuted a new feature that lets users in India browse mobile device plans and recharge prepaid plans using Google Search.

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Airwallex, Visa Team For Borderless B2B Card

PYMNTS

FinTech unicorn Airwallex is partnering with Visa to introduce a borderless card for businesses, the companies announced on Wednesday (Feb. 5). The Airwallex Borderless Card is being debuted in Australia after being introduced at the innovation festival Pause Fest 2020 taking place in Melbourne Feb. 5-7. Later in 2020, the card will roll out in other locations, including the U.K. and Hong Kong.

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U.S. Legislators To Figure Out Autonomous Car Laws

PYMNTS

An Energy and Commerce subcommittee in the U.S. House of Representatives is going to get together Tuesday (Feb. 11) to figure out self-driving car legislation, according to a report by Reuters. The committee will listen to a few trade groups from automakers and technology companies, as well as a transit official from San Francisco and a few different safety advocates.

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Solve Your Firm's 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.

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Why Consumers Are Firing Traditional Retailers

PYMNTS

“Jobs to be done” – a theory popularized by the late Harvard Business School Professor Clayton Christensen – is the notion that consumers don’t buy products , but they hire them to perform a task they need done. Extending that analogy to retail, one could look at the data on the decline of mall and retail store foot traffic, the increase in retail store closures and bankruptcies, and disappointing retail sales and margins in an economic environment of increased consumer spending, and might concl

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Tinder Owner Looks To Competitor About Possible Takeover

PYMNTS

Match Group Inc. , the dating service that owns Tinder, has approached a rival, Meet Group Inc. , about a possible takeover, according to Bloomberg. The decision wasn’t final on Thursday, but Dallas-based Match Group could eventually decide not to go forward with a deal. The sources for this information weren’t revealed as the matter wasn’t public yet.

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U.S. Hiring Remains Strong With 225K Jobs Added

PYMNTS

January saw gains in U.S. employment as more people joined the labor market, according to a report by The Wall Street Journal. Employers added 225,000 jobs, according to statistics from the U.S. Department of Labor released Friday (Feb. 7). The unemployment rate went from 3.5 percent in December to 3.6 percent in January as more Americans are job hunting.

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Consumers’ Appetite For Home DNA Testing Wanes Amid Privacy Concerns

PYMNTS

The busy business of home DNA facing its first major test, as consumer demand for the products is beginning to dim. The issue was surfaced by the announcement of the leading firm in the segment, Ancestry.com, which announced across-the-board layoffs earlier this week. The news of the firm’s shrinking workforce was paired with a blog post from President and CEO Margo Georgiadis that affirmed the slowdown.

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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.