RogerRossmeisl

JANUARY 27, 2021

For most retailers, December is the most profitable season of the year. However, customer returns in January can cut deeply into December revenues — particularly if the returns are fraudulent. U.S. retailers suffer annual losses of $18.4 billion from fraudulent returns, according to data analytics company Appriss and the National Retail Federation (NRF).

Retail 131

Retail CPA Sales Technology 131

PYMNTS

JANUARY 27, 2021

With traditional health premiums soaring and annual deductibles that often reach into five-figures, the financial consequences from having an accident can be ruinous — especially for uber-active adrenalin junkies who tend to wipe out a lot. But that is exactly the type of person that Richmond-based on-demand accident insurer Buddy is looking to serve, by offering up supplemental insurance plans that are super easy to fill out and can take the burn out of crash and burn for as little as $9 per da

Sports 114

Sports Start-ups Sales Technology 114

AccountingDepartment

JANUARY 27, 2021

Businesses can thrive or fail based on how healthy their accounting is. Don't guess! Measure the health of your accounting and see where your KPIs stand against industry benchmarks for marketing agencies.

Account 97

Account accountant accounted bookkeeping services 97

PYMNTS

JANUARY 27, 2021

The National Restaurant Association , the country’s (and world’s) foodservice trade association, released its annual State of the Restaurant Industry report on Tuesday (Jan. 26) compiling and analyzing data elicited from 6,000 restaurant operators and 1,000 adult consumers. The report looks at sales expectations for the coming year, operational changes in the industry, consumer behavior, menu trends, employment statistics and more.

Technology 105

Technology Gaming Sales 105

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Patriot Software

JANUARY 27, 2021

If you’re an employer in Washington state, it’s time to listen up. There’s a new tax in town: the Seattle JumpStart tax. So Seattle employers, read up on the new payroll expense tax and what it means for you and your business. What is the Seattle JumpStart tax? On July 6, 2020, the Seattle, Washington […] READ MORE.

Washington 95

Washington Tax payroll 95

PYMNTS

JANUARY 27, 2021

The friction inherent in the basic operations of many healthcare services — from complex payment processing methods to inconsistent appointment management practices — became more salient against the backdrop of the pandemic. Healthcare providers needed to remove the barriers to swift, timely payments and to determine how to keep patients coming into the office or making telehealth appointments, despite the pandemic’s catastrophic impact on in-office healthcare access.

Healthcare 105

Healthcare Retail Maine 105

PYMNTS

JANUARY 27, 2021

According to a study by the Bank for International Settlements (BIS), central bank digital currencies (CBDCs) will be available for 20 percent of the world’s population in the next three years. The study found that central banks collectively representing a fifth of the global population will likely issue a general-purpose CBDC by 2024, according to BIS.

Retail 102

Retail 102

GrowthForceBlog

JANUARY 27, 2021

6 min read. Time is a finite resource for everyone. (So, we'll try to keep this article short.) For business leaders, this precious resource seems to dry up even faster.

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PYMNTS

JANUARY 27, 2021

In " A Look Forward: What Executives Wish for America and the World in 2021 ," Nat Salvione, chief commercial officer of Tango Card , discusses the innovations that have emerged since the pandemic: specifically, the use of pay-ahead apps and remote team engagement. The year 2020 will definitely be etched in our consciousness for a long time to come.

Retail 102

Retail 102

FraudFiles

JANUARY 27, 2021

I had to write about this IRS special agent because his fraud story is so wild. Bryan Cho (aka Yong Hee Cho) was a Special Agent in the IRS Criminal Investigation Division since 2008. And now he’s been charged with possession of a fake foreign passport, aggravated identity theft, making false statements during a background check, and wire fraud.

tax return 52

tax return accounting and finance New York Tax 52

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.

PYMNTS

JANUARY 27, 2021

Jerry Ji Guo was sentenced to six months in jail for defrauding investors of over $20 million in a fraudulent initial coin offering scheme, according to a press release from the U.S. Department of Justice. Guo presented himself to potential investors as an initial coin offering consultant and promised to perform marketing and publicity services. Instead, he embezzled their cash and cryptocurrency, the release stated.

California 100

California Account accountant accounted 100

RitaKeller

JANUARY 27, 2021

“Go for great. Own your game. Be kind. Get big things done.” – Robin S. Sharma. Working in public accounting, you tend to be driven by due dates. It is what motivates you. You focus on the little things that hinder the efficient flow of work through the office. You focus on what needs to get out this week or next week. You focus on the immediate challenge, whatever that might be.

public accounting 40

public accounting Gaming Technology Account 40

PYMNTS

JANUARY 27, 2021

It was supposed to be a record-breaking fiscal year first quarter for Apple and the company did not disappoint. Riding the success of the global connected economy and a better than expected performance from the iPhone 12, the company logged its first $100 billion quarter, with the number reported during its earnings announcement on Wednesday (Jan. 27) coming in at $111.4 billion.

Entertainment 94

Entertainment Sales Account accountant 94

Withum

JANUARY 27, 2021

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Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

Technology

PYMNTS

JANUARY 27, 2021

As profound as the digital shift has been, there are still places where the physical experience remains a holdout. Going to the branch still outscores using a bank website, according to PYMNTS’ recent Paradigm Shift report , and consumers would still rather get their messages from their financial institution via an email than via a mobile app. Those outcomes may look surprising at first glance, given the rapid digitization of the world.

Education 90

Education 90

Withum

JANUARY 27, 2021

Construction 69

Construction 69

PYMNTS

JANUARY 27, 2021

Credit unions (CUs) and other financial institutions (FIs) across the country have made leaps and bounds in their efforts to digitize services in recent years to meet an already-growing consumer demand. The pandemic has fast-tracked that digitization, however, as concerns and restrictions have led members to reduce their branch visits and turn to contactless features to carry out their banking activities online.

Technology 89

Technology Connecticut New Jersey New York 89

PYMNTS

JANUARY 27, 2021

Stilt , which works in financial services for immigrants, has raised a $100 million warehouse facility from Silicon Valley Bank , according to a press release. The company has thus far raised $225 million in total debt facilities for lending to customers, the release stated. In addition, Stilt is rolling out a new checking account offering, which will add to the growing number of new checking accounts with the company.

Account 86

Account accountant accounted 86

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Technology

PYMNTS

JANUARY 27, 2021

The banking industry faces many day-to-day business challenges, including competition with digitally native FinTechs and the ubiquitous social distancing restrictions brought on by the pandemic. Financial institutions (FIs) around the world are confronting these issues with numerous digital implementations , as 85 percent of banks are offering some form of digital account opening, for example.

Construction 85

Construction Account accountant accounted 85

PYMNTS

JANUARY 27, 2021

Target will be working with Levi Strauss on a new limited edition collection, featuring new home and lifestyle items, according to a press release. Levi's for Target, as the program is called, will expand on the two companies’ long partnerships and “features thoughtfully-designed, durable pieces meant to inspire a more sustainable home and life,” the release says.

Sales 83

Sales Retail 83

PYMNTS

JANUARY 27, 2021

Online brokerages Robinhood, Charles Schwab and others were hit by outages again as the markets continued to reel and amateur traders on Reddit fueled the rapid rise of GameStop and other stocks, according to reports on Wednesday (Jan. 27). Troubled video game retailer GameStop saw shares escalate almost 2,000 percent since the start of 2021. The share price moved beyond $350 on Wednesday.

Gaming 82

Gaming Start-ups Retail 82

PYMNTS

JANUARY 27, 2021

Facebook, Inc. reported on Wednesday (Jan. 27) as part of its Q4 and full year 2020 earnings that total revenue surged 33 percent year-over-year for the three months ended Dec. 31, 2020. The social media company reported $27.19 billion in advertising revenue for the quarter, marking a 31 percent year-over-year rise. Drilling down into numbers reported in financial supplements that accompanied the earnings release, Facebook said that monthly active users (MAU) were 2.8 billion as of Dec. 31, 2020

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PYMNTS

JANUARY 27, 2021

LoanDepot will be seeking as much as $315 million in its initial public offering (IPO), according to a Securities and Exchange Commission (SEC) filing. The company is offering 9.41 million shares of its common stock, and private equity backer Parthenon Capital Partners is selling 5.59 million of its shares, for a combined 15 million shares. The IPO price per share is expected to be between $19 and $21, according to the filing.

Technology 72

Technology 72

PYMNTS

JANUARY 27, 2021

In the pandemic, streaming has become firmly ingrained in everyday life — spanning Netflix, Disney, Spotify and all manner of content. For the companies themselves, the top line growth underpinned by recurring revenues has been significant. But for consumers, as noted by PYMNTS research, more than half of subscribers rank saving money among the top three reasons for considering buying subscription bundles.

Technology 72

Technology New York Retail Gaming 72

PYMNTS

JANUARY 27, 2021

Payroll infrastructure startup Check , which purports to simplify the payroll process, launched publicly Wednesday (Jan. 27) with $35 million in Series B funding, according to a press release. Stripe and Thrive Capital contributed to the round, the release stated. With the close of the round, Check has now raised $44 million to date since its formation in 2019.

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payroll accounts payable AP Processes accounting and finance 71

PYMNTS

JANUARY 27, 2021

Japanese coordinators for the 2021 Summer Olympics in Tokyo are hoping that newly-elected U.S. President Joe Biden can help kick up momentum in support of the Games, pushing back on cancellation rumors, according to The Wall Street Journal on Wednesday (Jan. 27). . “Mr. Biden is dealing with a tough situation with the coronavirus,” Haruyuki Takahashi, executive board member of Japan’s Olympic organizing committee, told the WSJ.

Gaming 67

Gaming 67

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Finance

PYMNTS

JANUARY 27, 2021

Rosalind Brewer , Starbucks ' operating chief, has now accepted a job as Walgreens Boots Alliance 's chief executive, according to The Wall Street Journal (WSJ). She will be the first black woman to lead a Fortune 500 company. Brewer is set to replace Stefano Pessina , who said last year he'd step down once the company found a new leader. Pessina is one of Walgreens' biggest lone investors and will remain on the board.

Sales 64

Sales Retail 64

PYMNTS

JANUARY 27, 2021

The pandemic may have shuttered many brick-and-mortar venues, but countless restaurants have adapted their business models to capitalize on what has rapidly become the most common way consumers now order and eat their food: online takeout. United States consumers spent a collective $486 billion on takeout orders in 2020. PYMNTS research shows that $434 billion (89 percent) of that spend came from online food orders, with the average takeout meal costing $37.90 for orders from full-service restau

Sales 62

Sales 62

PYMNTS

JANUARY 27, 2021

Mooncard , which works in smart corporate cards, is rolling out a new strategic partnership with loyalty program Flying Blue , a press release says. Flying Blue is the loyalty program for the Air France-KLM group, the release says. Because of that, Mooncard is now the first corporate card program from France to allow companies and employees to accumulate miles for personal use through paying with a Mooncard product.

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Transportation Technology B2B 58

PYMNTS

JANUARY 27, 2021

Shift4 Payments is relaunching 3dcart, which it acquired in November, as Shift4Shop , the payment processor announced Wednesday (Jan. 27) in a press release. Shift4Shop helps businesses create eCommerce websites to start selling their goods and services online. The platform offers website templates, product and order management, and marketing tools.

Technology 56

Technology 56

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"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.

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