Sat.May 09, 2020 - Fri.May 15, 2020

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Disrupting Traditional Payroll For A New Economic And Global Normal

PYMNTS

For all the human and business impacts caused by the global coronavirus pandemic, the crisis has also been instructive, particularly in illustrating the shortcomings in systems that worked just fine — until they didn’t. The massive and simultaneous global shift to digital has put a spotlight on traditional supply chains, antiquated paper-based processes and an aging payments infrastructure.

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Webinar: Getting Back to Work: Considerations for Reopening Your Not-for-Profit

Katz,Sapper&Miller

As not-for-profit organizations plan their return to work, they face many legal and operational considerations. What factors should be top-of-mind? How can organizations protect their employees’ health and well-being while effectively reopening for those they serve?

Legal 97
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PPP Loan Forgiveness (Live Webinar)

CapataCPA

PPP Loan Forgiveness Webinar The webinar is now over: If you happened to miss the webinar, we don't want you to miss out on the valuable information about PPP Loan Forgiveness, you can now watch it at your convenience. Because of the amount of information regarding the PPP loans, we may not have had a. The post PPP Loan Forgiveness (Live Webinar) appeared first on CPA firm in Orange County, CA | CAPATA.

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The New “Automatically Necessary” PPP Loan Rule: Is It a Free Pass?

xendoo

The original Payroll Protection Program (PPP) rules included strict requirements to prove that the loan was necessary to save your business, and imposed hefty financial and criminal penalties for those that tried to get a handout when they didn’t really need one. But on May 13, 2020, the Small Business Administration (SBA) lightened up on small businesses.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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EMQ Bolsters Global Payments With New Enterprise Settlement System

PYMNTS

To bolster global payments for businesses throughout the world, EMQ launched its new enterprise payment technology with same-day settlement functions in local currencies throughout eight countries. The nations include China, Indonesia, India, the Philippines, Malaysia, the United Kingdom, Singapore, and Japan, according to an announcement. . The enterprise settlement technology of EMQ lets companies, banks, and other licensed financial institutions access same-day settlement with more transpa

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SBA Issues Safe Harbor for PPP Loans Under $2M

Katz,Sapper&Miller

The Small Business Administration (SBA) has just released new guidance regarding the good-faith certification for Paycheck Protection Program (PPP) loans. This guidance, which was added as question #46 to the PPP FAQs, should come as welcome relief to many businesses that took out PPP loans and have struggled with the good-faith certification. The SBA states that PPP loans with original principal amounts less than $2 million (in combination with any affiliate loans) will be deemed to have made t

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Visa Expands Visa Token Service, Eyes eCommerce ‘Balancing Act’

PYMNTS

Visa said Wednesday (May 13) that 28 new partners — spanning a range of gateway acquirers and technology partners — are joining Visa Token Service as credential on file token requestors. The 28 additions add significantly to the 150 token requestor partners that had been included in Visa Token Service through the years since the service launched in 2014.

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AI-Powered Robots Help Retailers Build Cleanliness As ‘Brand Value’

PYMNTS

The rise of the machines seems a bit closer at hand now that we are battling the pandemic. Not the humanoids that are the stuff of science fiction that ostensibly, one day, will do our bidding (and, depending on who you read, perhaps conspire against us). Picture, instead, fleets of utilitarian machines, squat, careful and not at all threatening, rolling through retailers’ aisles, hospital wings and other avenues of everyday human life.

Retail 99
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Using AI And Biometrics To Digitize Estate Planning

PYMNTS

The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the Federal Trade Commission (FTC) since the beginning of the year. The trouble is that the restrictions put into place to help slow the pandemic’s spread has forced brick-and-mortar businesses to close, and therefore driving up the demand for digital onboarding solutions.

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FedEx Imposes Limits To Stem Flood Of Deliveries

PYMNTS

FedEx Corp. could be the first major delivery company to limit the number of items retailers can ship to protect its network from being overwhelmed during COVID-19, The Wall Street Journal reported. Among the two dozen retailers who have been notified by FedEx of the unusual limits include Kohl’s, DSW, Nordstrom, Neiman Marcus, Hobby Lobby, Eddie Bauer and Bed Bath & Beyond.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Amazon Sues Two Firms Over Alleged Alexa Scam

PYMNTS

Amazon has filed suit against two companies that are allegedly operating a global tech support scheme targeting Alexa users, CNN reported. The lawsuit, filed last week in U.S. District Court in Seattle, alleges Washington-based Robojap Technologies and Quatic Software Solutions in Punjab, India have scammed Amazon users by offering help to install Alexa on their devices through fake websites and applications.

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American Express Partnership With Invoiced Offers Discount

PYMNTS

American Express is teaming up with Invoiced to help customers with an exclusive offer for 40 percent off an Invoiced subscription for the first two years. In a press release, American Express said it is committed to helping the digitization of B2B payments, still oft-regulated to paper and which end up being time-consuming and inefficient. A recent PYMNTS study found that around 80 percent of businesses still make payments with paper checks, while 72.4 percent still receive invoice information

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How Brick-and-Mortar Banks Can Seize The Digital Moment

PYMNTS

There was a time when consumers did not require much more from their local bank than a checking account, savings account and an ATM card. This has changed dramatically in recent years as consumers’ financial lives have migrated to the digital realm. Consumers are paying with credit and debit cards more than ever before, and they are increasingly looking to their smartphones to gain greater control over how they spend and manage their money.

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Jumia: How The ‘Amazon Of Africa’ Is Navigating A Pandemic-Induced Explosion In Digital Payments

PYMNTS

At a quick glance, Africa as a continent lags behind the rest of the world in terms of pushing its population of roughly 1.2 billion people into the digital age. In the U.S., 81 percent of consumers have smartphones, nearly doubling the global average of 45.04 percent. The only nation in sub-Saharan Africa with smartphone penetration above the global average, according to the Pew Research Center , is South Africa, where 51 percent of the population reports having smartphone.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Toronto To Launch ‘Digital Main Street’ To Help SMBs Get Online

PYMNTS

In Toronto, a new service called DMS ShopHERE , powered by the Schulich School of Business, aims to help small companies and artists move their businesses online. The initiative will provide small to medium-sized businesses (SMBs) with aid in establishing online stores within days, setting up eCommerce payment channels for eCommerce and activating the stores on several digital marketing platforms.

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The Resurgence Of The Great American Road Trip

PYMNTS

Before 1980, the typical American vacation, no matter its destination, always began with a road trip. Sandwiches and cold drinks packed in a cooler, the maps spread out in the passenger seat and the license plate game were all basic staples of every family trip. For the particularly well-prepared families, there was AAA – which, if you told them your ultimate destination, would send you “a little spiral-bound book that mapped the trip – with directions, places to stop to eat and hotel recommenda

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Many Restaurant Groups Waiting For Vaccine Before Reopening Dining Rooms

PYMNTS

Union Square Hospitality Group founder and CEO Danny Meyer said he doesn’t see reopening the dining rooms of his 19 restaurants located across New York City until after there is a vaccine for the coronavirus. “There is no interest or excitement on my part to having a half-full dining room while everyone is getting their temperature taken and wearing masks, for not much money,” Meyer told Bloomberg in a report on Thursday (May 14). .

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Why Pushing Pause Will Help Subscription Commerce Surge

PYMNTS

Consumers are treating spending very differently today than they were even eight weeks ago. That fact is increasingly underlined in a variety of data streams: recent PYMNTS consumer surveys, the earnings reports of the card networks, early information on how stimulus funds are being spent – they all tell the same story of consumers tightening their belts and shifting away from discretionary spending and toward necessities.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Labor Department: Layoffs, Discharges Jump 9.5M In March

PYMNTS

As the pandemic quickly transformed the labor market, layoffs in the U.S. surged to an all-time high in March. The count of individuals resigning from their positions fell to the lowest level in four and a half years, Reuters reported. In its Job Openings and Labor Turnover Survey (JOLTS) survey, the Labor Department indicated that discharges as well as layoffs rose to 11.4 million by 9.5 million in March.

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Porsche Rolls Out Pre-Owned Vehicle Finder Tool

PYMNTS

To meet increasing client demand for digital access to its brand, Porsche Cars North America (PCNA) is speeding up its eCommerce strategy. The luxury automaker rolled out Porsche Finder, its new pre-owned and certified pre-owned vehicle search platform that streamlines and bolsters the client’s ability to link up with one of 192 U.S. Porsche dealerships from home, according to an announcement.

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How Three-Way Invoice Matching Automation Safeguards Retailers’ Revenues

PYMNTS

Almost 80 percent of Americans drink tea , twisting open icy bottles on hot summer days and relaxing over steaming mugs in colder weather. Cafe closures during the coronavirus pandemic have reduced retail opportunities for tea brands, but consumers are still ordering their favorites online or loading up on them at grocery stores. Tea purveyors know that providing in-demand products is not enough to guarantee business success, however.

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JCPenney Makes Debt Payment, But Still Risks Bankruptcy

PYMNTS

Struggling retailer JCPenney , which is reported close to seeking Chapter 11 bankruptcy protection, disclosed that it’s paid roughly $17 million in interest on a senior secured term loan credit facility to avoid a default, but that it’s still considering “certain strategic alternatives.” In an SEC filing, the chain said it had a five-day grace period to make a May 7 payment before non-payment would represent an “event of default.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Visa Direct Powers Real-Time Payroll For Frontline Workers

PYMNTS

Americans are worried about their finances, a fact highlighted repeatedly in PYMNTS’s ongoing series of studies documenting consumer behaviors during the global pandemic and their outlook for what’s coming next. Tens of millions have already lost their jobs. In February, before the pandemic, nearly 40 percent of the workforce was earning under $40,000 , according to Federal Reserve data.

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Traydstream Partners With Infosys Finacle To Add More AI To Trading

PYMNTS

Traydstream , a FinTech that looks at trade documents with artificial intelligence (AI), has partnered with Infosys Finacle to implement blockchain technology and further automate trade finance, according to a press release. The partnership will allow Finacle’s blockchain tech, called Finacle TradeConnect, to be integrated with Traydstream’s platform, which uses AI to scan documents and cut down the time it takes to check on rules or regulations in trade, where mistakes can be costly and time-co

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Fast Races To Launch One-Click eCommerce For The Masses

PYMNTS

Sometimes illness can have a happy ending. It’s certainly a story that resonates right now and Fast CEO Domm Holland is happy to tell it. It started a few years ago when Holland’s son was briefly hospitalized and his wife’s grandmother was visiting to help the family. One of the grandmother’s chores on a particular day was ordering groceries online.

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Mastercard Rolls Out Track Business Payment Service In US

PYMNTS

To enable greater efficiency and quicker access to working capital for buyers and suppliers, Mastercard has unveiled the rollout of the Track TM Business Payment Service in the U.S. The offering provides increased control over payments and enhanced data exchanges, enabling automated reconciliation for suppliers as well as the application of all payment options approved by them, according to an announcement.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.

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Economist Predicts A Second Round Of Virus Will Bring A Depression

PYMNTS

A Moody’s Analytics economist warns the nation will hit bottom, even worse than we’ve seen, if the coronavirus spikes a second time. In an interview with CNBC , Mark Zandi said if businesses open too soon and the infection rate rises, it will cause more business disruptions, people will be scared, and the nation will face a second Great Depression.

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Citi: Healing Broken PPE Supply Chains With Streamlined Cross Border Payments

PYMNTS

While the pandemic has created unique circumstances of immeasurable strain and pressure on the global market, it’s also emboldened many to rise to the occasion and ensure business continues to flow with as little disruption as possible. Preserving trade flows of particular importance in the healthcare sector today, with cross-border B2B payments essential to this effort.

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NJ’s Internet Gambling Revenues Soar To $80M In April

PYMNTS

New Jersey’s big bet on online gambling has paid off, with revenues skyrocketing to a record $80 million in April. Not surprisingly, sports gambling revenues were way down as stadiums remained closed and most professional games were canceled due to COVID-19 restrictions. Meanwhile, the state’s casinos remained shuttered. New Jersey’s Division of Gaming Enforcement said the state’s licensed online gambling operators generated a combined income of $80 million in April.

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Uber’s Bid For Grubhub Triggers Delivery Fee Fears

PYMNTS

The possible merger between Uber and Grubhub is causing a wave of worry over delivery fees at a time when some local officials are considering instituting caps , as the New York City Council did on Wednesday (May 13). The two food delivery giants are said to be discussing a deal that would result in the biggest restaurant food delivery operation nationwide.

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Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management

Speaker: Claire Grosjean, Global Finance & Operations Executive

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.