PYMNTS
FEBRUARY 7, 2020
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).
SingleTrackAccounting
FEBRUARY 7, 2020
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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Patriot Software
FEBRUARY 5, 2020
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?
Katz,Sapper&Miller
FEBRUARY 5, 2020
Katz, Sapper & Miller is pleased to announce Danny Charles has joined the firm as the newest director in its Transaction Services Group.
Speaker: Dave Sackett
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
PYMNTS
FEBRUARY 7, 2020
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.
PYMNTS
FEBRUARY 4, 2020
Visa has announced that it will sell cross-border payments company Earthport’s foreign exchange (FX) business to Pollen Street Capital’s Currency Holdings, according to a report. Visa, which acquired Earthport in May 2019, said the sale will help to speed up Earthport’s growth of its larger core payments business. Earthport FX, which provides foreign exchange services to businesses and individuals, will work better as a core part of Currency Holdings, the company said in a filing with the London
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
FEBRUARY 5, 2020
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.
PYMNTS
FEBRUARY 3, 2020
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.
PYMNTS
FEBRUARY 6, 2020
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.
PYMNTS
FEBRUARY 7, 2020
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.
Speaker: Erroll Amacker
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
PYMNTS
FEBRUARY 5, 2020
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.
PYMNTS
FEBRUARY 2, 2020
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.
PYMNTS
FEBRUARY 7, 2020
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.
PYMNTS
FEBRUARY 6, 2020
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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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.
PYMNTS
FEBRUARY 4, 2020
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
PYMNTS
FEBRUARY 3, 2020
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.
PYMNTS
FEBRUARY 6, 2020
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
PYMNTS
FEBRUARY 3, 2020
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.
Speaker: Anna Tiomina, MBA
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?
PYMNTS
FEBRUARY 6, 2020
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.
PYMNTS
FEBRUARY 6, 2020
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.
PYMNTS
FEBRUARY 5, 2020
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.
PYMNTS
FEBRUARY 7, 2020
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.
Speaker: Joe Wroblewski, Senior Sales Engineer
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!
PYMNTS
FEBRUARY 3, 2020
“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
PYMNTS
FEBRUARY 7, 2020
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.
PYMNTS
FEBRUARY 7, 2020
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.
PYMNTS
FEBRUARY 6, 2020
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.
Speaker: Melissa Hurrington
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.
PYMNTS
FEBRUARY 7, 2020
Startups form to solve all sorts of problems, often from a specific problem a founder is dealing with that turns them on to a bigger hole in the marketplace. However, Bombas was somewhat different — though it began, like many startups, with looking to fill a market hole. The problem didn’t belong to Bombas Founders Randy Goldberg and David Heath, though.
PYMNTS
FEBRUARY 6, 2020
In today’s market of real time, legacy payments infrastructure needs a facelift. Recently-launched capabilities like Same Day ACH have unlocked opportunity to wield modern technology and build new solutions on top of existing payment rails in favor of speed and transaction transparency, but there’s another strategy to payments innovation that continues to gain traction.
PYMNTS
FEBRUARY 5, 2020
In retail, peak seasons can be as reliable as clockwork, dependable as — and even dictated by — spring, summer, fall and winter. Back to school is the longest peak season, stretching through July and August, generating tens of billions of dollars (as estimated by eMarketer ) for kindergarten through 12th grade and college-focused retailers. The traditional holiday shopping season , which lasts from Black Friday onward, still accounts for roughly a quarter of annual sales for retailers in general
PYMNTS
FEBRUARY 7, 2020
Buy Now, Pay Later (BNPL) solutions are beginning to ingratiate themselves further into the buying experience for customers worldwide. The no-interest, no-fee nature of these solutions intrigues consumers — especially the millennial and Generation Z demographics — searching for alternative payment methods that can grant them further flexibility and convenience while shopping.
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