PYMNTS
MARCH 29, 2018
Overdraft fees have reached their highest level since 2009, which was at the end of the Great Recession. Consumers paid $34.3 billion in overdraft fees during 2017 compared to $33.3 billion in 2016, The New York Post reported. Despite the increase, consumers aren’t, in fact, overdrawing their accounts. Instead, Moebs Services says the uptick was caused by credit unions increasing their overdraft fees.
Katz,Sapper&Miller
MARCH 30, 2018
There are some unique Indiana sales tax rules and regulations that apply to Buy Here – Pay Here (BHPH) dealers. It is important that dealers understand the difference between a vehicle return and a vehicle repossession, as well as the impact a related finance company (RFC) can have on the dealer’s ability to recover sales tax related to bad debt charge-off.
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PYMNTS
MARCH 26, 2018
A lack of access to capital. The red tape of regulation. The burden of administrative tasks. These are all common reasons why a small business owner may struggle to grow their company, and the latest analysis on the topic certainly points to these factors as having an impact on SMB growth across the world. But the most recent research suggests entrepreneurs are also clear about what is helping them grow, and what they are looking for in terms of technology, professional support and beyond.
PYMNTS
MARCH 30, 2018
UK Finance , an industry trade association, is launching an independent investigation into the way the market’s banks treat small businesses (SMBs), according to Reuters reports on Thursday (March 29). The group appointed Simon Walker to lead the review, which will specifically look at the way banks handle complaints filed by small business borrowers.
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PYMNTS
MARCH 30, 2018
HSBC is introducing PayPal support for corporate payments across borders. An announcement Thursday (March 29) said HSBC now lets its corporate customers use PayPal for supplier payments via a partnership between the two entities. “Our collaboration with PayPal will significantly expand the payments network accessible to our clients through HSBC, allowing them to send payments to a much wider range of counterparties in a fast and efficient manner,” said HSBC Global Head of Payments in Global Liqu
PYMNTS
MARCH 28, 2018
Adding to the list of cryptocurrencies that users can buy or trade on its platform, Uphold has announced that it has added support for Ripple ’s XRP currency. Already, users can exchange digital currencies such as bitcoin, Ethereum and Bitcoin Cash on Uphold, CoinDesk reported. Uphold’s decision comes after the company conducted a Twitter poll that revealed Ripple was the digital currency voters most wanted added to the platform out of four choices.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
MARCH 26, 2018
Those shopping for a new car in Guangzhou, China, now have an interesting new option for the process. Instead of going to a car lot and talking to a salesmen, they will be able to use a smartphone app and a “car vending machine” that Alibaba and Ford are jointly piloting as part of an agreement that the firms inked two years ago. The machine is called the Super Test-Drive Center, and it is a one-stop shopping location for dozens of Ford vehicles stored in a multi-story glass building.
PYMNTS
MARCH 29, 2018
Singapore-based Acudeen prepares for an initial coin offering (ICO) as it plans to migrate its existing trade finance solution to a blockchain platform. Reports in Global Trade Review on Wednesday (March 28) said Acudeen’s ICO will launch April 9 following a token presale. The company provides factoring solutions and hopes to shift its digital marketplace to a blockchain solution.
PYMNTS
MARCH 30, 2018
When it comes to faster payments, B2B payments aren’t necessarily chomping at the bit for the capability. According to NACHA statistics on Same Day ACH, nearly 2 million debits were made in just the first 11 days of service, accounting for a combined $1.5 billion in funds. The vast majority of that volume and value, however, was in the form of business-to-consumer payments, while B2B transactions accounted for just 6 percent of this activity.
PYMNTS
MARCH 28, 2018
Social media marketing company BleuPage is broadening its B2B services with the launch of a business management tool designed for the “solopreneur.”. A press release on Tuesday (March 27) said U.K.-based BleuPage is rolling out Bizggro, a suite of solutions for small businesses and entrepreneurs. The tool combines an array of services, including customer relationship management (CRM), accounting, expense management, document management, recordkeeping and more.
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 30, 2018
Walmart is reportedly in early-stage talks to acquire Humana, the insurance company, in a deal that could mark Walmart’s largest acquisition ever. Citing people familiar with the matter, The Wall Street Journal reported that it’s not clear what the deal terms being negotiated are or if a deal will end up happening. But if something is reached, it would likely be on the large side — given Humana has a market value of around $37 billion.
PYMNTS
MARCH 30, 2018
Bitcoin fell below $7,000 on Thursday (March 29) – and analysts expect sales of bitcoin and other cryptos to increase as the April U.S. tax deadline approaches, CNBC reported. The price of bitcoin was $6,826.68 as of 11:13 p.m., according to CoinDesk. And, in China, the country’s central bank is planning on cracking down on cryptocurrencies this year, Reuters reported.
PYMNTS
MARCH 30, 2018
Under Armour has revealed that it’s suffered one of the biggest hacks in history after data from 150 million users of its MyFitnessPal diet and fitness app was compromised in February. According to Reuters , Under Armour shares were down 3 percent in after-hours trade. “On March 25, the MyFitnessPal team became aware that an unauthorized party acquired data associated with MyFitnessPal user accounts in late February 2018,” the company wrote in a statement.
PYMNTS
MARCH 27, 2018
The definition of the word “ extend ” means to stretch out or lengthen one’s reach. It turned out to be the perfect word to describe Braintree ’s newest suite of merchant solutions, Braintree’s Azita Habibi told Karen Webster in a recent conversation. Braintree Extend, which launches today, makes it possible for merchants to extend their reach into other ecosystems and environments and to share payments data in a secure, compliant way.
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 29, 2018
Porsche Passport, the luxury car maker’s subscription service that enables users to access Porsche cars through a mobile app, is luring in younger-than-expected drivers, reported CNBC. Klaus Zellmer, Chief Executive of Porsche North America, told CNBC that the program, which is just live in Atlanta since November, is attracting drivers who wouldn’t typically drive their cars.
PYMNTS
MARCH 28, 2018
SWIFT and SAP are collaborating to facilitate corporate-to-bank connectivity into the SWIFT network, the companies recently announced. The payments messaging firm and the enterprise software conglomerate revealed they are working together to streamline corporate treasury’s integration into the SWIFT network via financial institutions. Dubbed SAP Multi-Bank Connectivity, the solution was built on SAP Cloud Platform technology.
PYMNTS
MARCH 27, 2018
A few months after General Growth Properties (GGP) rejected a buyout offer from global real estate investment firm Brookfield Property Partners , the two reached a deal on Monday (March 26). Brookfield said it would purchase GGP for $9.25 billion in cash, CNBC reported. “We are pleased to have reached an agreement and are excited about combining Brookfield’s access to large-scale capital and deep operating expertise across multiple real estate sectors with GGP’s portfolio of irreplaceable retai
PYMNTS
MARCH 27, 2018
Consumers are a tough bunch to please. They want what they want, when they want it – even more so with two-day shipping offered by players like Amazon. That gives brick-and-mortar retailers, who have long relied on their physical footprint for growth, an added dose of pressure. To keep up with the pace, many are turning to offering faster shipping, and other features, as they compete with digital challengers. .
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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 26, 2018
In the days following HelloFresh’s acquisition of the organic and vegan food delivery company Green Chef, other health-based meal kit delivery services are finding hope that there’s a strong market for their offerings — as well as plenty of room for them to find their niche. At least, that’s what Terra’s Kitchen CEO Mike McDevitt has taken away from the news — along with a sense that the hot space which is meal kits may now be beginning to settle and mature.
PYMNTS
MARCH 27, 2018
FitPay , the startup technology platform that adds contactless payment capabilities to wearable and IoT devices, has announced a partnership with Discover. Co-founders Michael Orlando and Chris Orlando told PYMNTS that adding this third major payment network to the FitPay platform will allow device partners and end users to add digitized Discover cards to their accounts, as well as supporting tokenization practices for Discover as the startup has done with its other partner networks.
PYMNTS
MARCH 27, 2018
FedEx made some waves today (March 27) with dual announcements highlighting its evolutionary path forward into an environment rapidly realigning around the digitization of society. The shipping and logistics firm announced its acquisition of P2P Mailing Limited — a global provider of eCommerce transportation solutions for around $102 million (£92 million).
PYMNTS
MARCH 27, 2018
In 1948, a cooperative in Switzerland brought an innovative transportation solution to life: The group, which was known as “Sefage,” created the world’s first carshare program. “This early effort was mainly motivated by economics,” Susan Shaheen, Daniel Sperling and Conrad Wagner wrote in Transportation Quarterly in 1998. “Individuals who could not afford to purchase a car instead shared one.”.
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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 30, 2018
Combined, more than $337 million in funding will fuel growth for an array of B2B startups that revealed their latest funding rounds this week. U.S.-based startups dominated, with investors focusing on cybersecurity solutions and on startups that aim to streamline back-office functions. PYMNTS breaks down the latest deals below. Cybersecurity. PreVeil.
PYMNTS
MARCH 30, 2018
Jerky isn’t just a generic product available on the shelf of the local gas station or convenience store for hungry travelers. It has evolved into a lean, protein-filled snack for active, health-conscious consumers and athletes. KRAVE Jerky , for example, has expanded this culinary-inspired niche within the broader jerky category. And, by doing so, the brand was able to open the door for premium jerky that is now available in the aisles of premium markets.
PYMNTS
MARCH 30, 2018
Snap , the parent company and creator of disappearing messaging app Snapchat , is laying off around 100 employees in order to focus on advertising. According to news from Bloomberg, citing people familiar with the matter, the additional layoffs represent the last step of the company’s restructuring process, which kicked off in the fourth quarter of 2017.
PYMNTS
MARCH 28, 2018
Bitcoin fell below the $8,000 level on Tuesday (March 27), CCN reported – and the cryptocurrency market as a whole could fall below a market cap of $300 million. Bitcoin was trading at $7,770.44 as of 10:41 p.m., according to CoinDesk. In hedge fund news, Morgan Creek acquired Full Tilt Capital LLC two months after that firm decided to dedicate a fund to crypto businesses, Bloomberg reported.
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PYMNTS
MARCH 30, 2018
With fresh concerns about government regulation of cryptocurrency surfacing, Bitcoin and other digital tokens continued the recent declines in value, erasing $550 billion in value for the global cryptocurrency market since the start of 2018. Citing Japan’s Nikkei Business Daily , TheStreet.com reported that two cryptocurrency exchange startups took back their applications to the Financial Services Agency in Japan after they were told to beef up their security features.
PYMNTS
MARCH 28, 2018
John C. Williams, the president of the Federal Reserve Bank of San Francisco, is reportedly being tapped to replace the retiring president of the New York Fed, but at least one watchdog has problem with that. Citing Better Markets, a nonprofit that tries to keep Wall Street honest, TheStreet.com reported the group said promoting Williams to head up the New York Fed would be problematic because he failed to prevent the fake account scandal at San Francisco-based Wells Fargo, which has had far-rea
PYMNTS
MARCH 26, 2018
Amazon was just awarded a patent for a drone that will use recognition of human gestures and voice commands to deliver packages. The patent for “Human Interaction with Unmanned Aerial Vehicles” was filed with the United States Patent and Trademark Office on July 18, 2016. According to Chain Store Age , the drone might include propulsion technology that manages the drone’s speed and trajectory.
PYMNTS
MARCH 30, 2018
Amazon has been hiring house cleaners in Seattle as direct employees in an effort to boost its home services marketplace. The new housecleaning service, Amazon Home Assistants, offers cleaning services in Seattle, with prices determined by the size of the home and the number of visits. For example, a weekly cleaning of a 1,500-square-foot home runs about $156.
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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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