Sun.Nov 08, 2020

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Amazon Rewards Program Offers Its Flex Drivers Perks, Discounts

PYMNTS

Amazon is taking steps to make life a little easier for the many drivers who comprise the Flex force that use their own vehicles to deliver packages. CNBC reported that Amazon quietly launched a program called Flex Rewards last week. "Delivering with Flex just got more rewarding," an Amazon website for drivers proclaimed. Amazon's Flex Rewards program lists incentives, including up to 6 percent cash back on fuel purchases; 2 percent cash back on Amazon.com and Whole Foods Market purchases; 1 per

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E-commerce Drop Shipping Accounting

FusionCPA

If you're a retailer who is selling products on the internet, you can either choose to pack and ship your goods directly to your customers or hand this part of the process over to a drop-shipping company that ships the products for you. The benefits of using a drop-ship supplier make this method of shipment quite attractive. It requires less capital, allows you to get established and start your business quicker, provides a low overhead cost and gives you the flexibility to operate your company f

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Hundreds Of Probes Into PPP Loan Fraud Have Been Opened

PYMNTS

The federal Paycheck Protection Program (PPP) designed to blunt the economic impact of the pandemic is beset by extensive instances of fraud, The Wall Street Journal (WSJ) reported, attributing the conclusion to public records and interviews with government officials. The program provided about $525 billion to 5.2 million businesses. Banks administered the loans on behalf of the government and were not required to ensure that applicants were telling the truth about their financial situations.

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On-Demand Webinar: Post Wayfair Tax Opportunities and Risks

Withum

Tax 52
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Two Philippine Businesses Under Scrutiny For Potential Wirecard Links

PYMNTS

Authorities in the Philippines are probing a law office and tour operator for potential connections to Wirecard , the payments provider disgraced after a global scandal, and Jan Marsalek , its former chief operating officer who has been on the run for the past several months, according to the Financial Times (FT). Justice Secretary Menardo Guevarra also said on Sunday (Nov. 8) that three immigration officials had been formally charged and suspended for 90 days last month over Marsalek's travel r

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On-Demand Webinar: Planning for 2021 – Legal, Tax and Labor Considerations for the Construction Industry

Withum

Legal 52

More Trending

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Passenger Airlines Increase Cargo Space To Replace Passengers

PYMNTS

Airlines that for decades augmented international passenger travel businesses with freight operations using space in the bellies of aircraft are trying something new because of the pandemic: cargo-only flights, CNBC reported. United Airlines , Delta Air Lines and American Airlines are among those that have adopted the new tactic. The logic behind the development is straightforward.

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Disney Launches Subscription Deal For Fortnite Players

PYMNTS

Disney+ is partnering with Epic Games ’ Fortnite on a free two-month subscription for the popular movie streaming service, according to a post on the Epic Games website. Starting Tuesday (Nov. 10) and going through the end of 2020, those who purchase V-Bucks or make other real-money purchases in Fortnite will have access to the deal, the post stated.

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Expensemanager Teams With Sage Intacct To Automate Expense Management

PYMNTS

Australian cloud expense and software provider expensemanager has partnered with Sage Intacct to offer cloud expertise and invoice management on the latter company's Intacct Marketplace, a press release says. The partnership, which marks expensemanager as the first local Australian partner for Sage Intacct , will allow customers a streamlined integration method.

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Countries That Rely On Exports, Manufacturing Faring Better In Pandemic

PYMNTS

Companies that manufacture products are weathering the pandemic more easily than companies that sell services or experiences, The Wall Street Journal reported. WSJ cited International Monetary Fund gross domestic product (GDP) forecasts that show how much different countries' economies rely on the vulnerable service and accommodation sectors. GDP is a broad measure of a countries' economic output.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Lloyds Bank, Demica Team Up For SCF Digital Onboarding

PYMNTS

Lloyds Bank Commercial Banking has partnered with Demica , a working capital FinTech, to roll out a new supply chain finance platform for U.K. businesses and affiliates, a press release says. Called The Open Account Platform, the new service will offer Lloyds Bank customers new tools, including supplier finance and receivables purchase, available for the first time through a lone online portal.

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Xendoo Teams With Biller Genie For Automated AR

PYMNTS

FinTech Xendoo , which works in online accounting and bookkeeping solutions, has partnered with Biller Genie on automated accounts receivable (AR) services, a press release says. Biller Genie, based in Miami, works specifically with automating AR; it will integrate with Xendoo and let businesses access a simpler way to collect, process and easily reconcile payments in its accounting software, the release says.

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Bitcoin Daily: Crypto Investors See Fed's Call For Stimulus As Reason To Buy Bitcoin; Fraud Loss Prompts Crypto Lender Cred To File Chapter 11

PYMNTS

Dubai International Finance Centre ( DIFC ) has announced that Ripple has set up its new headquarters in the Centre, a press release says. According to the release, Ripple chose DIFC for its “innovative regulations, expansive network and reputation as a leading global financial centre,” according to the release, with the two companies “aligned” in their visions for the future.

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McDonald's, Starbucks And Other QSRs Say Dining Rooms Follow Safety Standards As COVID Cases Rise

PYMNTS

Major restaurant chains, including McDonald's , Starbucks and others, are looking for ways to keep dining rooms open — even as health authorities caution that other ways of buying restaurant meals remain safer, The Wall Street Journal (WSJ) reported. Restaurant executives are optimistic they can make indoor dining work in a number of situations because eateries have honed protocols for maintaining environments that conform with regulations designed to counter COVID-19.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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EU Eyes Reclassifying Airbnb, May Bring Stricter Rules

PYMNTS

European Union regulators determining how to implement new rules governing dominant internet players may include short-term rental leaders Airbnb and Booking.com on a list of companies the guidelines cover, the Financial Times (FT) reported. The new rules apply to companies deemed "gatekeepers," but there is some ambiguity as to what level of revenue merits giving a company the designation, FT reported.

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US Business Leaders Hope For Pandemic Relief, More Global Cooperation

PYMNTS

Several powerful business interests, including representatives from J.P. Morgan Chase , Microsoft and the travel industry, are publicly urging a peaceful transition of power after the U.S. election to help with future stimulus efforts and the economy overall, the Financial Times (FT) reported. After days of mail-in and absentee ballots being counted, President-Elect Joe Biden ousted incumbent President Donald Trump as of Saturday (Nov. 7), according to projections by various news outlets.