Sat.Jul 28, 2018 - Fri.Aug 03, 2018

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How Cloud-Based Accounting Software Can Benefit Your Business

DuctTapeMarketing

 Services Online Audit. Strategy First. Marketing Training for your team. Website Review. Local Marketing System. Professional Services Marketing. A la carte SEO. Websites. Pay Per Click. Guides Local Marketing. Professional Services. Consulting Business. Marketing Strategy Plan. Content Marketing. Customer Journey. Referrals. Mobile Marketing.

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The Shopper’s Brain On Bargains

PYMNTS

Everyone loves a bargain, and there is something uniquely satisfying about not only getting whatever product one is after, but also getting it for a really, really low price. This is why so many of us have, usually in defending a purchase that someone questioned, uttered the following phrase at least once in our lives: “It’s not what I spent, it’s what I saved.”.

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Trending Sources

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Implementing Revenue Recognition for Your Private Company

Katz,Sapper&Miller

Implementation of the new revenue recognition standard, Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, is almost here. For a private company, the standard will go into effect for calendar years beginning after Dec. 15, 2018. As such, companies should begin assessing now the impact of the new guidance.

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TRENDING: Real-Time Payments Networks — For Real In Retail?

PYMNTS

Across the U.S., financial players are still exploring the best practices to offer faster payments to corporate clients. A recent survey of 20 of the nation’s top-60 banks found that there’s a lack of consensus among banks when it comes to managing and charging businesses for real-time payments. However, efforts are underway to make adoption and use less friction-filled.

Retail 59
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Planning Your Restaurants Path to Profitability

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.

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How Digital Disbursements Tools Are Changing Low-Dollar Lending

PYMNTS

As Americans increasingly turn to their mobile devices to instantly pay through peer-to-peer (P2P) services like Venmo and Zelle, the act of writing a check or heading to the ATM for quick cash is becoming a thing of the past. This technology is also changing how consumers lend and borrow money, according to Travis Holoway, founder of short-term lending exchange platform SoLo Funds , particularly when it comes to low-dollar or short-term loans.

Gaming 55
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Kroger Considers Expanding Ban On Visa Card Acceptance

PYMNTS

Kroger might expand on a ban on Visa credit cards imposed by its unit in California — proof that retailers are ready to fight back against the $90 billion they pay in swipe fees every year. This week, Foods Co., a subsidiary of grocery giant Kroger , has announced that 21 of its grocery stores and five of its gas stations in Central and Northern California are officially through with Visa branded credit cards as a form of payment, effective August 14, 2018.

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Phishing Scam Masquerades As Square To Target Businesses

PYMNTS

A phishing scam making the rounds and targeting businesses is using the Square name to fool its targets. Reports in the Victoria Advocate said scammers are sending emails that appear to be from payment service provider Square. While there are several versions of the email, they all include the Square logo, according to reports. There are also links in the email to request a payment or view payment or refund details, as if a payment had already been made.

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Hotel, Banking Customers Embrace SoftBank’s Humanoid Robot, Pepper

PYMNTS

Imagine you were traveling on business and you just arrived into town and had an emergency. Your luggage was sent to the wrong city or you were late for a critical meeting and you needed directions to the convention center. The check-in counter has a dozen guests waiting and the concierge is busy. Well, you may be in luck, because a four-foot robot with an open tablet computer and no waiting line is standing in the corner, and just may be able to come to your assistance.

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Project Repat And A Second Life For Old Shirts

PYMNTS

Many of us have faced the day when we realized our T-shirt collection has run out of control. Sure, you could throw out those shirts, or if they happen to be in servicable condition donate them to the Salvation Army — but it’s not always easy to let go. Particularly if the tee in question is more than just a shirt, but a momento of a happy life experience.

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FinTech Firms On The New FinTech Charter

PYMNTS

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability. In the wake of this week’s release of a U.S.

Legal 46
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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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For Payments Infrastructure, Still Some Blockchain Buzz

PYMNTS

Blockchain, blockchain everywhere. Reports came this week that the much-touted distributed ledger technology (DLT) may be less savior for all manner of problems across the business landscape than thought. Bloomberg noted, for example, that there may be a slowdown looming in terms of projects that may actually see the light of day. Ah, but. Concerns of a slowdown overall?

B2B 44
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Today In Data: Changing The Technology And Evolving Preferences

PYMNTS

Normal operating procedure for consumers on the eve of the 2020s is incredibly different than it was on the eve of the 2010s – and it’s almost unrecognizable from the eve of the millennium. Consumers shop, bank, work and get paid differently than they ever have – and as the connection points keep rolling in, so will the changes. A digital world is a smaller world, with consumers moving both actually and virtually much more often than they ever have before.

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WEX Sees Double Digit Gains in Payment Processing Revenues

PYMNTS

WEX posted results Thursday that showed traction in its core fleet and travel-related business, amid gains in payment processing activity. Revenues were just under $371 million, which were 22 percent higher than last year’s second quarter, and of that increase, $16.6 million came from higher fuel prices — but beyond that, gains in the travel and fleet divisions drove results.

Sales 44
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Stratis Creates Wallet For Corporates To Make Private Bitcoin Payments

PYMNTS

Blockchain company Stratis announced this week it has developed a wallet that supports cryptocurrency payments for corporates. In a recent press release , Stratis said it launched the Stratis Breeze Wallet, with its integrated Breeze Privacy Protocol to enhance the privacy of transactions made with bitcoin. The solution was designed for corporates that are looking to conduct business on the blockchain without transactions being made public, the company explained.

B2B 43
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No-Code Technology: The Key to Unlock the Future of Your Business

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.

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How The eCommerce Fakers Launder Money

PYMNTS

“Fake it ‘til you make it” is a familiar idiom with roots in the great teachings of Aristotle, who once said that a person who acted virtuous would, in fact, become a virtuous person. Fake merchants — a problem that now underpins a $352 billion annual money-laundering loophole in the U.S. alone — don’t exactly follow those same principles. These merchants act like real merchants, with no intention of ever becoming one.

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Consumer Spending Increases In June Driven By Restaurants, Accommodations

PYMNTS

Driven by spending at restaurants and on accommodations, U.S. consumer spending increased in June, setting the stage for a strong economy heading into the third quarter. According to a report in Reuters citing the Commerce Department, consumer spending rose 0.4 percent in June. Meanwhile, data was revised upward for May, showing that spending increased 0.5 percent instead of 0.2 percent.

Sales 43
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Albertsons Unveils Grocery Investment Fund

PYMNTS

To help grow innovative companies in the grocery industry, Albertsons Companies has linked up with Greycroft to create an investment fund. The fund, which could be up to $50 million, is part of Albertsons’ strategy to work with emerging grocery technologies, Chain Store Age reported. “Albertsons Companies is committed to meeting customers wherever and however they like to shop, and part of that is being at the forefront of the tremendous innovation our industry has seen over the last five year

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How Local Food Delivery Aggregators Compete With Larger Platforms

PYMNTS

For every Uber Eats or Seamless , there are small food delivery platforms competing in cities across the U.S. on customer service, local knowledge and restaurant fees. In Richmond, Virginia, for example, Chop Chop allows diners to choose from a menu of 50 to 60 restaurants for delivery. Because the service is local and has close relationships, companies such as Chop Chop can work with restaurant owners and talk with them about their needs, what makes them unique and what Chop Chop can do in term

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Startup Roundup: The Power Of Relationships

PYMNTS

Business is often about cultivating relationships – and partnering with the right people at the right time – while offering the right product for a particular market. This month, startups such as Tipalti have brought on three partners to extend value to its clients, while startups such as AvidXchange are deepening their existing relationships. At the same time, FitPay is gearing up to launch a contactless payment wearable, while DadeSystems , Modo Payments , nanopay and Emailage are focused on

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Modo Payments: Interoperability Can Help eCommerce Merchants Work With Wallets

PYMNTS

It’s not always easy to tell the difference between the meaning of integrations and interoperability: Integrations are systems connected in the same way, while systems that are interoperable work together, but remain different. If Modo Payments ’ founder and CEO, Bruce Parker, sent you an email, for example, how the message was sent is not at the forefront of your mind.

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WhatsApp’s Expanding Payments Footprint

PYMNTS

As of Wednesday (August 1) South Africa’s Absa Group officially rolled out WhatsApp banking as part of its continuing effort to develop a digitally-led bank in Africa. Absa has signed on 10,000 customers since early July, according to Reuters. The service will not be without competition on the chat-based financial services front. WeChat — the largest mobile messaging system in China — has been open for business in Africa since 2013 and already offers a wide array of financial service functions f

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Bitcoin Daily: Goldman Warns Of Bitcoin Declines; Token Alliance: Crypto Reg ‘Could Stifle Innovation’

PYMNTS

A fter beginning to recover from a months-long slide, bitcoin prices once again showed signs of weakness on Monday (July 30) after Goldman Sachs warned in a research note that the recent turnaround in prices will be short-lived, according to reports. Sharmin Mossavar-Rahmani, chief investment officer of the bank’s Private Wealth Management (PWM) Group, wrote that bitcoin does not fulfill any of the traditional roles of currency.

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Recruit and Retain New Blue-Collar Talent

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.

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Wells Fargo To Pay More Than $2B Penalty Over Mortgage Loans

PYMNTS

The U.S. Department of Justice (DOJ) announced that Wells Fargo will pay $2.09 billion in penalties to settle claims related to mortgage loans that the lender processed before the last recession. “Abuses in the mortgage-backed securities industry led to a financial crisis that devastated millions of Americans,” said Acting U.S. Attorney for the Northern District of California Alex G.

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Simulated Cyberattacks Reveal Corporate Passwords Are Weak, Internal Threats Are Strong

PYMNTS

Cybersecurity investments are soaring. Unfortunately, for many corporates, vulnerabilities in their systems — even with the latest technology — won’t be discovered until they’re taken advantage of by cyber attackers. It’s why attack simulations have emerged as a critical component of a holistic enterprise security strategy. Cybersecurity software firm Rapid7 recently published a report on its efforts to find these vulnerabilities before hackers do.

account 42
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Discover Names Roger Hochschild As Chief Executive

PYMNTS

Discover Financial named current President and COO Roger Hochschild to succeed David Nelms as chief executive, starting in October. Nelms, who has been the CEO of Discover since 2004, plans to retire in 2019 and will continue as executive chairman until that point, according to the report. Hochschild, 53, who has been president of the card company since 2004, will retain the title of president, and has been named to the company’s board of directors.

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TRENDING: mPOS And Transit: Where’s The Fit?

PYMNTS

From Jamaica to Canada, mPOS solution providers are seeing growth in adoption among cash-centric businesses. That kind of growth is slated to continue, with researchers predicting that by 2023, the volume of mPOS transactions will increase threefold over an estimated 28 billion in 2018. In the latest Mobile Point-of-Sale Tracker , PYMNTS reports on how mPOS solutions are entering new markets around the globe, and how players in the space are working to make sure they also become more secure as t

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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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Is Starbucks Planning To Help Consumers Pay With Bitcoin?

PYMNTS

In potentially big bitcoin news, Starbucks is involved in a project that could help cryptocurrency holders spend their digital coins: The coffee chain said it is among the companies that will work with Intercontinental Exchange ’s planned digital asset company, dubbed Bakkt. The company will have “merchant and consumer applications” and plans to have bitcoin to fiat currency conversion as one of its first use cases, according to a press release posted on the Starbucks website.

Retail 42
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Clover Vs. Square: What’s Next In This POS Competition?

PYMNTS

Clover, the point-of-sale operation owned by First Data , keeps growing, and that could present more challenges for Square. First Data reported its Q2 financial results on Monday (July 30) and they showed that Clover has been processing in excess of $65 billion in transaction volume on a global basis, up 50 percent year over year. Clover is “well-positioned in the market,” CEO Frank Bisignano said during First Data’s post-earnings conference call.

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Jo-Ann Stores Updates Its Brand To Extend Beyond Fabrics

PYMNTS

In an effort to extend its brand beyond fabrics, Jo-Ann Stores has shortened the name of its brick-and-mortar stores. The locations, which were previously branded as Jo-Ann Fabrics, are now known as JOANN, AdWeek reported. “We have a big opportunity to let people know that ‘Hey, we sell everything that the other craft stores sell,’” Jo-Ann Stores’ senior vice president of marketing and eCommerce, Steve Miller, told AdWeek.

Retail 41
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Visa, Sabre Pair On Travel Payments

PYMNTS

Visa has announced a strategic global partnership with Sabre that will allow the technology provider for the travel industry to utilize CyberSource , Visa’s payment management platform. The partnership will enable Sabre to offer integrated travel reservation and fraud management solutions to airlines, hotels, travel agencies and other travel organizations worldwide.

Maine 41
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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.