PYMNTS

APRIL 8, 2019

Hundreds of thousands of new small businesses (SMBs) open their doors every year in the U.S., be them physical or digital. The latest estimates from the Small Business Administration (SBA) peg the number of new SMBs at 414,000 each year, spurring job creation and economic growth for the country, with millennial entrepreneurs at the helm. The high failure rate of a new small business has entrepreneurs focused on simply surviving their first few years in operation.

quickbooks 111

quickbooks Gaming accounting software Sales 111

Katz,Sapper&Miller

APRIL 8, 2019

KSM is pleased to announce Zach Sauder has joined the firm as the newest director in its Fort Wayne office. In this role, Sauder brings an impressive combination of accounting and consulting experience to the firm’s growing Fort Wayne team.

Account 49

Account accountant accounted 49

PYMNTS

APRIL 10, 2019

With the use of contactless payments heating up around the world, small and mid-sized businesses (SMBs) and their solution providers have to prepare for their acceptance. Mobile point-of-sale (mPOS) terminals that are enabled for contactless have to meet certain specifications to gain EMVCo 3.0 certification: They must, for instance, resolve issues when a payment reader’s too-powerful field strength results in damaged smartphones and cards.

Retail 103

Retail Sales Technology Start-ups 103

PYMNTS

APRIL 9, 2019

Security researchers at Kaspersky Lab revealed at the Kaspersky Security Analyst Summit in Singapore that a dark net marketplace in which hackers are selling digital fingerprints has emerged. According to a report in ZDNet , Kaspersky Lab said at the summit criminals are selling the digital fingerprints of more than 60,000 individuals. Dubbed Genesis, the marketplace emerged in the fall of last year when the creators started advertising it on forums where hackers sell payment card details they’v

Account 94

Account accountant accounted 94

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

APRIL 12, 2019

One decade draws to a close, the next one looms. Only a few months into 2019, the year is already shaping up to offer a bit of a watershed in how we pay and how we get paid. The headlines may trumpet the size of multi-billion dollar deals, as Fiserv links with First Data , and FIS gathers Worldpay into its fold. As the 2010s roll off into the 2020s, the fact remains that technology is blurring the lines that used to exist before the (continuing) digitization of commerce.

Technology 86

Technology 86

PYMNTS

APRIL 11, 2019

Coinbase , the cryptocurrency exchange operator, announced Wednesday (April 10) the launch of the Coinbase Card in the U.K., which is a Visa debit card that lets customers in the U.K. spend crypto as easily as they spend money sitting in a bank account. In a blog post , Zeeshan Feroz, chief executive of Coinbase U.K., said the Coinbase Card is funded by customers’ Coinbase account crypto balances, giving them the ability to pay in-store and online with bitcoin , ethereum, litecoin and other digi

Account 86

Account accountant accounted 86

PYMNTS

APRIL 12, 2019

It was a good day for Jumia Technologies on Friday (April 12) — and that’s a good signal about the future prospects of eCommerce in Africa, home to some 1.3 billion people, of whom at least 725 million have mobile devices. On its first day of trading, shares for the company often called the Amazon of Africa jumped some 54 percent, trading at about $22.

New York 83

New York Technology Retail Account 83

PYMNTS

APRIL 9, 2019

A new type of phishing scam targets the HR departments of companies and asks for reroutes on direct deposit accounts, CNBC reported. Once the changes are made, a paycheck will go directly into a criminal’s account. KVC Health Systems, a child welfare nonprofit based out of Kansas City, has been hit with the scam. The emails look legitimate, and purportedly come from the company’s CEO, CFO or payroll director.

Kansas 83

Kansas payroll Account accountant 83

PYMNTS

APRIL 8, 2019

All those children’s TV shows and stories lied: Sharing is not easy. Sharing is, in fact, enormously complex, prone to fraud and frustration, at least when it comes to digital payments and commerce. The rise of the global sharing economy — tied to online marketplace operations — is sparking challenges related to trust, security and confidence for buyers and sellers alike.

Gambling 78

Gambling Maine Start-ups Technology 78

PYMNTS

APRIL 9, 2019

It’s hard to find fault with one of the latest tests of artificial intelligence (AI). Medical diagnostic technology built by Google and a sister company can detect diabetic retinopathy — an eye condition that can cause blindness — with as much accuracy as a human doctor. That matters in places such as India, where the AI tech has been deployed, and where a relatively tiny group of eye doctors struggle to serve a massive population.

Technology 77

Technology Maine Gaming 77

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

APRIL 10, 2019

Blockchain company XinFin is rolling out an integration between its invoice factoring application InFactor and QuickBooks. Reports in Virtual Strategy Magazine this week said InFactor, developed by the XinFin-powered TradeFinex Dev team, is connecting the factoring tool to QuickBooks so users can automatically obtain financing on their unpaid invoices.

quickbooks 77

quickbooks Finance Technology B2B 77

PYMNTS

APRIL 12, 2019

The General Data Protection Regulation (GDPR) represented a new phase in data security and EU regulators’ approach to it. Designed to safeguard consumers with greater transparency into how, when and by whom their personal data is collected, GDPR , though based in EU, has a global reach and is likely to act as a blueprint for upcoming data security regulations in other markets.

Legal 77

Legal Account accountant accounted 77

PYMNTS

APRIL 11, 2019

Headlines swirling around cyber fraud usually center on the size and scope of heists, where the bad actors make off with breathtaking sums — in the hundreds of millions of dollars. Indeed, one of the more brazen thefts occurred three years ago when hackers took roughly $101 million from the Bangladesh central bank account housed within the U.S. Federal Reserve.

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Account accountant accounted B2B 76

PYMNTS

APRIL 9, 2019

The rise of fast-acting payment solutions is changing the way businesses and governments issue payments to consumers and citizens. Demand for instant payments is also increasing in the workforce, and has the potential to change how workers view concepts like payday. The new Disbursements Tracker highlights recent efforts by businesses, banks and government agencies to improve payment practices by delivering on consumers’ speedy expectations, and how th e rise of peer-to-peer (P2P) services like

payroll 75

payroll Government Account accountant 75

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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.

Technology

PYMNTS

APRIL 8, 2019

Amazon.com is aiming to enable Alexa, its voice-activated digital assistant, to keep tabs on customers’ medicine and provide personal health updates. As part of an effort to expand into healthcare , Amazon took the first step last week announcing Alexa is HIPAA-compliant and that five healthcare companies including Cigna, Livongo Health and hospital partners have created new Alexa skills, enabling Alexa to make appointments at urgent care facilities, track prescription drug shipments and provide

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Healthcare Hospitality New York Gaming 75

PYMNTS

APRIL 9, 2019

China could move to ban mining for bitcoins if a draft list of activities the country’s state planner wants to ban becomes law. According to a report in Reuters , citing China’s state planner, the National Development and Reform Commission, the agency is facing mounting pressure from the government to control the cryptocurrency market and as a result, may move to ban bitcoin mining.

Government 75

Government Technology 75

PYMNTS

APRIL 11, 2019

AlipayHK, a mobile payment system in Hong Kong, has partnered with McDonald’s to offer payment on the McDonald’s app on smartphones, the company said in a release. AlipayHK users can also use a QR code-based system for special rewards. “With the advent of mobile payment services and big data analytics, restaurants are going full steam on digitalization,” the company said in the release.

Technology 74

Technology 74

PYMNTS

APRIL 10, 2019

With more consumers than ever interested in fulfilling all their financial needs on mobile, both legacy banks and FinTech firms are focusing on creating digital-only banking services, designed to catch and keep customers using their smartphones to bank. What’s more, financial institutions (FIs) and payment providers around the world are trying their hand at providing all the capabilities of an established bank on the smartphone.

Start-ups 74

Start-ups Maine 74

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Technology

PYMNTS

APRIL 11, 2019

The jury is in. Almost every modern financial institution (FI) has at least one artificial intelligence (AI) or machine learning system in place, and 61 percent intend to invest in more. The only question is: What learning systems will they choose to adopt? Among the many AI and machine learning systems available on the market, there is one particularly versatile type of AI, having been engineered specifically to enhance financial and payment operations: smart agents.

Technology 74

Technology Sales Maine 74

PYMNTS

APRIL 9, 2019

Payments messaging company SWIFT is gearing up to close its Trade Services Utility (TSU), a workflow engine aimed at facilitating value-added supply chain services. Reports in Global Trade Review (GTR) on Monday (April 8) said SWIFT will switch off its TSU in December 2020. “TSU has been a very niche success, and important for banks and corporates using it.

Transportation 73

Transportation Finance Technology B2B 73

PYMNTS

APRIL 10, 2019

A report by Bloomberg said that after one of the biggest cyber heists in history involving the theft of $100 million from the Bangladeshi central bank’s account in the U.S. Federal Reserve, criminals are now vying for smaller amounts in an attempt to avoid detection. The amount of money stolen in 2018 averaged between $250,000 and $2 million, which is down from amounts in the tens of millions, according to a report by interbank messaging service SWIFT.

Technology 73

Technology Account accountant accounted 73

PYMNTS

APRIL 9, 2019

Square , the payments provider, announced Tuesday (April 9) the launch of the Square Online store for U.K. sellers. In a press release , Square said the Square Online Store provides small and medium sized enterprises with one solution for their omnichannel or online-only business. It marks the first of Square’s products in the U.K. to be integrated completely with Weebly, the platform for building a website or online store.

Sales 73

Sales Retail Technology 73

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PYMNTS

APRIL 8, 2019

An Israeli startup that creates anti-fraud services that deal with online transactions wants to raise $200 million for expansion, according to a report in Bloomberg. Riskified , which was founded in 2013 and is based in Tel Aviv, is potentially considering going public, possibly by 2020. When asked, however, the company didn’t provide any details about its future business.

Retail 72

Retail 72

PYMNTS

APRIL 10, 2019

Here’s a bit of heresy for 2019: Data’s not everything. Sure, data often gets called the oil of the digital age — and data, as a commodity, has an economic, political and cultural value as massive as all those hydrocarbons gathered from beneath the planet’s surface. However, it takes more than data for 21st century society to function. This may be the early stages of the digital age, but society still needs people at the gates defending against attack, just like it’s always been.

Government 71

Government Education Start-ups Technology 71

PYMNTS

APRIL 10, 2019

Amazon might be looking at taking over as many as 110 old Sears and Kmart stores in order to launch new Whole Foods locations. BMO Capital Markets revealed the prediction in a note to clients on Wednesday (April 10), basing its findings on the demographics of those particular department stores, as well as the fact that there isn’t another Whole Foods store within a three-mile radius.

Real Estate 71

Real Estate Non-Profits Retail 71

PYMNTS

APRIL 10, 2019

While corporates are adopting stronger internal controls to combat the threat of payments fraud, new data from the Association for Financial Professionals (AFP) reveals the number of incidents has continued to climb to new heights. In a press release Tuesday (April 9), the AFP announced that its 2019 AFP Payments Fraud and Control Survey , underwritten by JPMorgan, found record highs for the percentage of companies hit by payments fraud.

Education 69

Education Finance B2B 69

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Finance

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APRIL 8, 2019

The gig economy now is a noun, where once to “gig” was a verb, without critical mass — to “gig” in other words, was to supplement income, to make ends meet. And yet with the latest iteration of the Gig Economy Index , some new data show traction is gaining, and where at the end of last year more than 32 percent of workers surveyed were participants in the gig economy.

Technology 69

Technology Education 69

PYMNTS

APRIL 8, 2019

Goldman Sachs and Moody’s Analytics are warning that credit scores of consumers have been inflated during the past ten years, hiding the danger of defaults and increasing the risks for lenders. According to a report in Bloomberg citing Goldman Sachs and Moody’s, the warnings out of the two are backed by Federal Reserve data which points to an increase in credit scores during the economic expansion of the last decade, saying it led to so-called grade inflation.

Retail 69

Retail Account accountant accounted 69

PYMNTS

APRIL 7, 2019

Sellers aren’t happy with some of the changes that PayPal has made to its user agreement. Currently, when someone sells goods or services, they are charged a flat transaction fee, as well as a percentage-based commission on the sale. If a customer asks for a refund, all except the small transaction fee is returned. But starting on May 7th, the company will no longer refund seller’s fees when a buyer asks for their money back.

Sales 69

Sales Account accountant accounted 69

PYMNTS

APRIL 10, 2019

There are plenty of high-tech ways to verify a customer’s identity — fingerprints, voiceprints, faceprints, phone data. There are even technologies built to identify a customer based purely on how they hold a smartphone in their hand. The race for the newest, fanciest ways to ID a customer means a useful, classic way occasionally gets overlooked for its lack of flash.

Technology 68

Technology Maine Start-ups Account 68

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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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