PYMNTS

MAY 29, 2019

Businesses of a certain size — and in industries as varied as construction and restaurants — know the pain of wondering if they will have enough capital to fund operations, inventory, expansion and other mission-critical business activities. They know the uncertainty of going to traditional financial institutions (FIs), even those rooted in their communities, that might not want to take on the risks or economics of extending smaller lines of credit to small businesses (SMBs), with fortunes that

Construction 88

Construction Finance Maine Technology 88

Katz,Sapper&Miller

MAY 30, 2019

The Tax Cuts and Jobs Act (TCJA) passed by Congress in December 2017 may seem like old news, but many buy here – pay here (BHPH) operators are just now feeling the impact of the changes on their tax returns. So, what looks different on your tax return this year, and what can you do to prepare for next year?

tax return 49

tax return Tax 49

PYMNTS

MAY 28, 2019

Digital assistants. Smart fridges and thermostats. Security devices, too. The Internet of Things (IoT) has gone global, an ever-expanding ecosystem that touches consumers in every facet of their daily lives. The latest Intelligence of Things Tracker shows some pretty big numbers in terms of the billions of devices already out in the field, and the billions of dollars already being spent on those devices … and it seems like things are just getting started.

80

80

PYMNTS

MAY 30, 2019

Visa said this week that as acceptance of EMV cards has gained traction in the U.S., counterfeit fraud, measured in dollars for these card present transactions, has dropped precipitously. The latest stats show that the continued upgrade to chip card acceptance – which began in 2015 – has led to a decrease in counterfeit fraud dollars on the order of 76 percent, as measured in December of 2018 vs.

Sales 79

Sales Account accountant accounted 79

Advertiser: Paycor

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.

PYMNTS

MAY 29, 2019

A European Central Bank ( ECB ) official is throwing his support towards wholesale central bank digital currencies (CBDCs). In fact, Vitas Vasiliauskas, a member of the Governing Council of the ECB and chairman of the board of the Bank of Lithuania, said the real issue at play is whether CBDCs should be retail, wholesale, or a combination of both. While a retail CBDC would be available for the general public, wholesale would serve a limited circle, primarily banks.

Retail 76

Retail Government Account accountant 76

PYMNTS

MAY 29, 2019

Western Union has expanded its services into Thailand and launched a brand new international money transfer service in the region, the company said in a release. “Customers in Thailand can now connect with their families and loved ones around the world, (24 hours a day, 7 days a week), via the Western Union mobile app or transactional Westernunion.com/th.

Technology 75

Technology Retail Account accountant 75

PYMNTS

MAY 29, 2019

It’s not often that one gets to see a new form of retail emerge, but that’s what’s happening with, of all things, legal recreational cannabis. So far, this retail is taking a form that is big, feminine and even a bit luxurious. The big comes from the apparent rise of the so-called cannabis “superstore,” the hotbed of which is reportedly — and understandably — Las Vegas, one of the world’s main adult playgrounds.

Legal 74

Legal Retail New York Education 74

PYMNTS

MAY 31, 2019

As part of its strategic plan, investment firm Goldman Sachs aims to win the business of more mid-sized companies. It also plans to spend $4 billion technology this year per John Waldron, the bank’s president, who made the remarks at a Bernstein conference in New York, the Financial Times reported. Companies with a worth of under $2 billion are one of the major focus areas for the company.

Florida 72

Florida New York Technology 72

PYMNTS

MAY 31, 2019

Usually when we’re telling a story at PYMNTS about expectations for a product being radically divergent from its actual performance, it is a story about underperformance. Something comes in on a cloud of extravagant hype only to end up with merely so-so reaction from the intended audience. In more serious misalignments, something briefly billed as the next big thing in payments and commerce will fizzle out shortly thereafter , mostly unnoticed.

Start-ups 71

Start-ups Transportation Legal Technology 71

PYMNTS

MAY 29, 2019

More than half of all Americans now subscribe to digital news or entertainment streaming services, and such offerings are already beginning to crop up in new industries, like cars and financial services. Companies are developing new subscription boxes, tiers and perks to retain customers’ loyalty in the face of rising competition, too. Retailers, like Walmart , are using related retail packages to compete with rivals such as Amazon , while digital services like Spotify and Apple Music continue t

Entertainment 71

Entertainment Education Retail Account 71

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

MAY 28, 2019

Citigroup was reportedly in advanced talks with Apple to partner on its new credit card but decided not to move forward, according to CNBC. Citing people with knowledge of the talks, CNBC reported that Citigroup bailed over concerns that it wouldn’t earn enough of a profit from the partnership. The report noted that JPMorgan Chase, Barclays and Synchrony were also in the running to partner with Apple on the credit card.

Finance 71

Finance 71

PYMNTS

MAY 31, 2019

A cybersecurity research team at vpnMentor has discovered that The Pyramid Hotel Group, which manages Marriott and other hotel brands, underwent a data leak exposing vulnerabilities that could potentially be used by criminals, the company said in a report. The researchers, Noam Rotem and Ran Locar, found a breach that exposed 85.4GB of security audit logs.

Florida 69

Florida New York audit 69

PYMNTS

MAY 29, 2019

Apple Pay is coming to New York City thanks to a partnership with the Metropolitan Transportation Authority or MTA. The Verge , citing Apple Pay, reported that on May 31st, people can use Apple Pay for public transportation in the sprawling metropolis. According to TheVerge, the rollout of Apple Pay is part of the MTA’s One Metro New York initiative in which it’s testing new payment methods for fares.

New York 69

New York Transportation Start-ups 69

PYMNTS

MAY 28, 2019

So much starts with coffee – mornings, political ads, artistic movements, advances in QSR retail – and that dictum could hold true with robots, at least the next generation of robots that promise to be powered by 5G technology. The world is waking up to the fact that emerging 5G technology could bring significant, widespread change to not only business and economics, but also to many parts of civilization.

Technology 69

Technology Retail Start-ups Government 69

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

MAY 28, 2019

For Total System Services (TSYS) and Global Payments, it’s official. To that end, the companies said they would enter into a merger valued about $21.5 billion, marking the latest in a string of multi-billion dollar deals among global players offering a range of services and products across the payments landscape. The merger follows the $34 billion deal between FIS and Worldpay that came in March and the $22 billion announcement between Fiserv and First Data that was announced in January of this

B2C 66

B2C B2B Account accountant 66

PYMNTS

MAY 29, 2019

With better-than-expected revenues and earnings, DICK’S Sporting Goods ’ eCommerce sales jumped 15 percent in the first quarter. The company’s overall reported quarterly earnings beat estimates of analysts as the company increased its outlook for the full year, CNBC reported. The retailer reported net income of $57.5 million or 61 cents for each share.

Sports 65

Sports Sales Legal Retail 65

PYMNTS

MAY 30, 2019

As 5G deployments start, the people who run hospitals and medical offices, along with companies that supply healthcare devices and payment services, are starting to figure out what the quicker speed and other features of the new mobile network technology will do for them. These early moves are yet another sign of the wide and deep impact that 5G promises to have.

Healthcare 65

Healthcare Hospitality Technology Start-ups 65

PYMNTS

MAY 31, 2019

Two U.S. law firms have launched investigations into the U.K.’s Metro Bank on behalf of investors concerned that the institution committed securities fraud. Reports in The Guardian on Thursday (May 30) said Pomerantz and Levi & Korsinsky, both based in New York, have opened these investigations, joining Glancy Prongay & Murray, which confirmed it launched a probe earlier this month.

New York 65

New York Account accountant accounted 65

Advertisement

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

PYMNTS

MAY 31, 2019

The chief operating officer of Goldman Sachs said the bank is working on a digital money management tool in an attempt to attract more customers from Main Street, according to a report by Reuters. “We are developing a digitally empowered mass affluent capability that will leverage our Marcus platform and customer base,” said John Waldron at a bank conference in New York.

New York 65

New York Maine Retail Technology 65

PYMNTS

MAY 29, 2019

A group of investors has acquired Sureswipe , a South African payments company, for an undisclosed amount. The investors were led by Apis Partners LLP and FinTech investor Crossfin Technology Holdings. Sureswipe will be consolidated under the newly-formed Crossfin Transactional Services (CTS), along with Innervation Pan African Payments and Emerge Mobile’s iKhokha.

Technology 65

Technology Retail Finance 65

PYMNTS

MAY 31, 2019

Some entrepreneurs are inspired to start companies because they spot unmet needs in the market: Frontdesk Co-Founder and Chief Growth Officer Jesse DePinto, for instance, saw the amateur nature of home shares but the opportunity for something better than a hotel. The company saw the need for the best of both worlds and, to tackle this challenge, it is “evolving into a 21st-century tech-enabled hospitality brand,” DePinto told PYMNTS in an interview.

Hospitality 63

Hospitality Technology Real Estate Start-ups 63

PYMNTS

MAY 29, 2019

Robinhood Markets , the operator of a free mobile trading app, is close to garnering a valuation of $7 billion or more. CNBC , citing two people familiar with the deal, reported Robinhood has raised a minimum of $200 million in a recent late-stage fundraising round that will give it a valuation of between $7 billion and $8 billion. The round, which includes mainly existing investors, hasn’t closed yet — which means it could raise more than $200 million.

accounting and finance 63

accounting and finance California Maine Finance 63

Advertiser: Paycor

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

PYMNTS

MAY 28, 2019

With abundant choices in many aspects of their lives, consumers expect a range of options when it comes to online shopping, ranging from picking out clothes to making travel plans. And, to meet their day-to-day needs, more consumers are tapping into digital platforms seeking top-notch customer support and seamless service. By 2021, close to 90 million – or 86.5 million – consumers will be participating in the digital platform ecosystem, per the PYMNTS and the Platform Economy Playbook.

New York 63

New York Retail Start-ups Technology 63

PYMNTS

MAY 28, 2019

Call it the great purge of 2019? Amazon is reportedly in the midst of reshaping relationships with several of its longtime vendors, according to Bloomberg. The lasting effect will be that bulk orders “dry up” for many suppliers, most of them classified as smaller firms. The latest actions come after an initial halt, the news outlet reported, that occurred months ago.

Gambling 63

Gambling Sales Start-ups 63

PYMNTS

MAY 28, 2019

Driving efficiency in accounts payable (AP) can stem from an array of efforts. Adopting electronic payments and getting rid of paper checks is certainly one way to boost AP efficiency. In addition, adopting a digital accounts payable platform can streamline operations, as well as open access to digital data for analytical and process automation purposes.

accounts payable 59

accounts payable Procure to Pay Platform Technology accounting and finance 59

PYMNTS

MAY 30, 2019

First American Financial Corp., the title insurance company that exposed the data on hundreds of millions of mortgages dating as far back as 2003, is being sued in a class-action lawsuit. The complaint was filed with the United States District Court for the Central District of California by Gibbs Law Group on behalf of David Gritz, a resident of Pennsylvania who had bought and sold several homes.

Pennsylvania 59

Pennsylvania California Tax Account 59

Advertisement

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

Finance

PYMNTS

MAY 29, 2019

Income sharing is not a common method of financing as of 2019 — though, as of late, it has begun to get much more interest from investors and innovators, particularly in the context of student loan financing. The basic structure of the program in a student income share agreement is that an investor essentially fronts a student’s college tuition under the condition that, when the student graduates and begins working, they will surrender a portion of their future income for a given period of time.

Arizona 59

Arizona Education Finance Legal 59

PYMNTS

MAY 28, 2019

Following the pilot-test rollout of a Whopper made with the vegetarian-friendly Impossible Burger, locations in Burger King ’s St. Louis test market reportedly exceeded the restaurant’s foot traffic national average by 18.5 percent in April. The data comes from inMarket inSights, which looked at location data in March prior to the Impossible Whopper test in April, CNBC reported.

California 58

California Retail 58

PYMNTS

MAY 29, 2019

Instant payments have become an expected part of doing business, across the sharing economy and digital commerce, as well as for the public utility sector. According to the Making Instant Pay Global Playbook , public utility companies are innovating their payment methods to include online and mobile options to meet consumer demand and stay competitive.

Finance 58

Finance Retail Technology 58

PYMNTS

MAY 28, 2019

The Federal Trade Commission has launched an investigation into the merchant cash advance industry just days after FTC Commissioner Rohit Chopra called on the watchdog to tackle unfair small business lending practices. The Washington Post reported late last week that the FTC has opened an investigation into potentially unfair contract terms imposed on small business borrowers by merchant cash advance companies and other small to medium-sized business (SMB) lending companies.

Washington 56

Washington New York Legal Finance 56

Advertisement

"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.

cpa firm