PYMNTS
MARCH 14, 2019
Sephora, the beauty retailer, announced on Thursday (March 14) the launch of a new credit card program. The company said in a press release that starting in the spring, it will offer the Sephora credit card, Sephora Visa® credit card and Sephora Visa Signature® credit card to its retail customers. The credit cards will provide customers with more ways to earn rewards for their purchases, the retailer said in the release.
Katz,Sapper&Miller
MARCH 14, 2019
The Tax Reform and Jobs Act (TCJA) was the most comprehensive overhaul of the tax code in our lifetime, if not ever. We are just weeks away from the first tax filing deadline for returns that are fully impacted by these law changes. One change that could drastically impact truck drivers is the inability to deduct unreimbursed business expenses. As a result of this adjustment, many carriers have implemented per diem programs as a way to get tax free dollars to drivers.
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CBH
MARCH 14, 2019
Over 50 indictments were announced Tuesday related to an alleged scheme aimed to help college applicants gain admission to elite schools. According to an investigation by the Federal Bureau of Investigation called “Operation Varsity Blues”, the scheme involved wealthy parents paying bribes of up to $6.5 million to college coaches to place their children on the lists of recruited athletes.
Cherry Bekaert
MARCH 12, 2019
The Sustainability Accounting Standards Board (“SASB”) recently announced the appointment of Madelyn Antoncic as the board’s new chief executive officer. With over 30 years of experience leading large financial institutions around the world, Antoncic joins SASB after serving as executive director and global head of official sector partnerships at Principal Global Investors.
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PYMNTS
MARCH 11, 2019
In the age of digital payments, mobile point of sale systems (POS) are making inroads with the promise of time-saving conveniences for merchants. These systems can provide restaurants with the ability to check their inventories or update their menus, for example. But interest in this technology is not limited to the food and beverage space, and is gaining traction in many different verticals.
PYMNTS
MARCH 12, 2019
Digital banking customers of today aren’t looking for the bank with the newest features — they’re looking for the bank that can keep their data safe. Any security mishap can send customers to one of the other digital banking apps that are ready and waiting for them. In the new Digital Banking Tracker , PYMNTS examines the ways digital banking is changing as security measures grow more stringent, and challenger banks look to amass more customers.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
MARCH 15, 2019
Here’s an exercise that may come off as too academic – like a debate over how many angels fit on a pinhead – but is really among the most vital for not only PYMNTS readers, but pretty much any other business operators: What is the perfect payments experience? That question formed a hook for a recent PYMNTS discussion between Karen Webster and Kurt Bilafer, executive vice president and chief revenue officer at Yapstone.
PYMNTS
MARCH 15, 2019
Anxieties that automation will replace humans have waned in the accounting sector, as industry players begin to realize that technology can actually help accountants play a more important role for their small business (SMB) customers as advisors and guides, rather than replacing their roles outright. With the first tax season post-tax reform nearing completion in the U.S., the small business accounting sector has seen even more evidence that the advisory role of SMB accountants remains of promin
PYMNTS
MARCH 14, 2019
Volatile times make for sleepless nights for corporate executives, particularly those whose job it is to manage the cash positions of their organizations. For corporate treasurers, Manish Kohli, global head of payments and receivables at Citi , told PYMNTS’ Karen Webster, three concerns tend to top the list: geopolitical uncertainty, cyber threats and disruption resulting from the emergence of new business models in an interconnected global market.
PYMNTS
MARCH 12, 2019
Money moves only as fast as payments infrastructure will allow. To that end, there’s a bottleneck. The gig economy is gaining steam, as roughly a third (more than 35 percent) of U.S. workers are participating in part-time or project-based employment, and increasingly they want to get paid when the work is done. Roughly 85 percent of the several thousand gig workers we surveyed said they would work more often if they could be paid faster.
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
MARCH 13, 2019
NACHA, national administrator of the ACH network, said a third processing window for same-day transactions will be postponed for six months until the Federal Reserve Board of Governors (Fed Board) approves the initiative. In September of 2018, NACHA said it would expand same day ACH transactions and establish a “new window” that would “allow Same Day ACH files to be submitted until 4:45 p.m.
PYMNTS
MARCH 12, 2019
Online commerce solution provider BigCommerce is adding business-to-business eCommerce to its suite of services. The company said in a press release Tuesday (March 12) that, along with a slew of partners, it has launched BigCommerce for B2B to provide B2B sellers with resources to more efficiently sell online. The firm is working with several partners that offer their own B2B solutions, which integrate their tools into the BigCommerce for B2B platform.
PYMNTS
MARCH 15, 2019
The U.S. Commerce Department is expanding its Trade Finance Advisory Council (TFAC), having recently appointed 21 new members to the group in an effort to explore innovation in and access to trade finance. Among the new members is blockchain company R3, according to Bitcoin Exchange Guide reports on Thursday (March 14), which will be represented in the Council by the firm’s Head of Trade and Supply Chain Alisa DiCaprio.
PYMNTS
MARCH 15, 2019
Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14). The publication pointed to Goldman Sachs as the latest FI giant to grow operations in Mexico, after it provided a $100 million credit facility to Credijusto, a FinTech startup that makes three-year
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
PYMNTS
MARCH 14, 2019
Ladies and gentlemen, it has finally arrived. From this day forward (March 14), businesses covered by the European Union’s (EU’s) Second Payment Services Directive ( PSD2 ) are supposed to have a testing regime that conforms to the FinTech regulation. However, that’s only the foreshadowing. The bigger deadline comes on Sept. 14, bringing requirements related to strong consumer authentication and other tasks designed to establish a secure, Open Banking environment.
PYMNTS
MARCH 14, 2019
Paytm, the India-based eCommerce and digital wallet company, has announced a new mobile banking app called Payments Bank, according to reports. The app, available for download in the Google Play store and coming soon to iOS, will allow customers to check balances, request debit cards, pay with their phones and more. The company also said users can get customer support all day, seven days a week, via the app.
PYMNTS
MARCH 14, 2019
The Dutch Data Protection Authority (DDPA) in the Netherlands has released its own General Data Protection Regulation (GDPR) fining policy, according to reports , and is the first European Union (EU) country to do so. The GDPR stipulates that the maximum fine levied against a company can be 4 percent of its global revenue or €20 million, whichever is higher.
PYMNTS
MARCH 13, 2019
In eCommerce, friction is a four-letter word. However, friction done right — for the right consumer, for the right transaction, at just the right moment — can actually enhance the consumer experience. In other words, friction with a dash of intelligence mixed into the process can cut down on fraud, which helps, well, everybody in the commerce ecosystem — from consumers to issuers to merchants.
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Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.
PYMNTS
MARCH 14, 2019
The movement to bring blockchain to cross-border payments proceeds apace. Might SWIFT be giving a nod, at least partially, toward the use of distributed ledger technology (DLT)? As noted by OracleTimes , it seems the messaging network that ties banks and other financial firms together may indeed be open to DLT — if not directly, then deployed by some of its network.
PYMNTS
MARCH 12, 2019
For proponents of open banking , the regulatory initiative seen in the U.K. and Europe is a natural progression from the surge in FinTech solutions offered to consumers, small businesses and enterprises. While policymakers target protection and customer ownership of data, one of the most prominent selling points for open banking is the ability for data to move seamlessly between once-siloed platforms.
PYMNTS
MARCH 14, 2019
Financial institutions (FIs) must carefully balance staying compliant and keeping their customers safe, all without introducing frictions that could scare customers away. However, despite the friction points that can get introduced into the process due to anti-money laundering (AML) and Know Your Customer (KYC) processes, FIs have no choice but to comply, or they risk fines and loss of customer trust.
PYMNTS
MARCH 12, 2019
Chipotle Mexican Grill has teamed up with Venmo to expand its loyalty program amid huge growth of its digital platform. The quick-service restaurant (QSR) has introduced the points-based program, called Chipotle Rewards, in select markets, CNBC reported. CEO Brian Niccol said the rewards program was what Chipotle customers had most requested, and that the company has recently been putting more energy into its digital offerings.
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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.
PYMNTS
MARCH 13, 2019
As the financial services space focuses on digitizing offerings for their small business customers, much of these efforts are targeting online banking portals accessed via desktop. But mobile devices are an increasingly important part of a small business’ financial management strategy, adding another channel on which banks and FinTechs must innovate to disrupt and improve SMB finances.
PYMNTS
MARCH 15, 2019
Score one for the Midwest: Verizon said this week (March 13) it will launch its 5G network in Chicago and Minneapolis on April 11. The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world. It’s probably too much to say that 2019 will be the year of 5G – deployments and use cases, especially in retail and payments, are unlikely to hit a critical mass this ye
PYMNTS
MARCH 15, 2019
Money laundering is a major threat in the United Kingdom , one some watchdogs say is not being taken seriously enough. As a major player in cross-border banking and global finance, the country doesn’t just need to combat domestic financial crimes: It is also at risk of becoming a hub for transmitting and investing criminal funds obtained overseas. .
PYMNTS
MARCH 14, 2019
Mastercard and B2B payment network Finexio are entering into a strategic partnership to strengthen their supplier payment offering. In a press release , Finexio said it will allow customers to pay their vendors using Mastercard-branded virtual cards, part of their broader effort of promoting digital B2B payments in the U.S. “The electronic payments space is growing at an accelerated rate; however, traditional paper checks remain the primary vehicle used for business payments,” said F
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PYMNTS
MARCH 14, 2019
The release of a new Google app development tool is among the latest steps to try to bring more mobile accessibility to people with disabilities — a push that’s been going on in the background of digital retail and associated areas almost since the beginning. Here’s the news announced this week (March 13) by Google , via a blog post from Sid Janga of the company’s Central Accessibility Team: Google has launched an open source project called Accessibility Scanner for iOS.
PYMNTS
MARCH 11, 2019
CULedger , a credit union, has inked a partnership with IBM to create blockchain services geared toward credit unions. According to a report in Fintech Futures , the idea behind the project is to use permission-based blockchain technology so credit unions can reach more members that don’t have access to financial services. With a permissioned blockchain network , services can be shared between credit unions, which could improve identification authentication and compliance surrounding regul
PYMNTS
MARCH 13, 2019
A subway operator in Shenzhen, China is testing facial recognition software, powered by a 5G network, to pay for entry, according to reports. The face would be linked to a payment account, although whether the technology will work for similar faces or twins is not known. Right now the experiment is being limited to one station, and people will be able to scan faces at the same place they enter subway cards or tap their phones.
PYMNTS
MARCH 13, 2019
Let’s a take a moment to celebrate the paper boys and girls who — showing early commitment to initiative, hard work and entrepreneurship — handled a task that now vexes so many consumers and B2B operations in the digital world. They managed subscription billing for multiple accounts in particular neighborhoods, as James Messer, CEO and founder of online billing platform Gotransverse , pointed out in a recent PYMNTS interview with Karen Webster.
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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.
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