Sat.Aug 01, 2020 - Fri.Aug 07, 2020

article thumbnail

Shannon Bloom Earns CFE Credential

SMBAccountant

Austin, TX – August 4, 2020 — The Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization and leading provider of anti-fraud training and education, is pleased to award Shannon Bloom, of Melbourne, FL, the globally preferred Certified Fraud Examiner (CFE) credential. In order to become a CFE, Bloom has met a stringent set of criteria and passed a rigorous exam administered by the ACFE.

Education 246
article thumbnail

Wirecard Linked To Mafia Money Laundering

PYMNTS

Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most dangerous mafia organizations,” the Financial Times reported on Monday (August 3). The paper cited documents and “Italian legal sources” in its story about the organized crime syndicate ’Ndrangheta and CenturionBet, an online gaming company based in Malta.

Gambling 144
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to Correct a W-2 Form If You Make a Mistake

Patriot Software

Let’s face it: everybody makes mistakes. So, if you make a mistake on an employee’s Form W-2, don’t panic. Instead, learn how to correct a W-2 form and take action. You can correct Form W-2 even after filing it with the Social Security Administration (SSA). Read on to learn types of common W-2 errors and […]. The post How to Correct a W-2 Form If You Make a Mistake appeared first on Patriot Software.

payroll 98
article thumbnail

PPP Loan Forgiveness Updates – Live Webinar 

CapataCPA

PPP Loan Forgiveness Updates Webinar Come join our webinar to get more information on the PPP loan forgiveness process. We will show you what the updated eligible expenses are, cover the new Paycheck Protection Flexibility Act, go through the new Interim Final Rule, and walk you through the rules for loan forgiveness. We want to. The post PPP Loan Forgiveness Updates – Live Webinar appeared first on CPA firm in Orange County, CA | CAPATA.

article thumbnail

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.

article thumbnail

Shannon Bloom Earns CFE Credential

SMBAccountant

Austin, TX – August 4, 2020 — The Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization and leading provider of anti-fraud training and education, is pleased to award Shannon Bloom, of Melbourne, FL, the globally preferred Certified Fraud Examiner (CFE) credential. In order to become a CFE, Bloom has met a stringent set of criteria and passed a rigorous exam administered by the ACFE.

Education 130
article thumbnail

Retailers Using Chapter 11 To Break Lease Agreements

PYMNTS

Companies that have filed for Chapter 11 bankruptcy are using the court protection to end long-term lease agreements early and close thousands of stores, reported Bloomberg. The news site named Neiman Marcus Group Inc, Brooks Brothers Group Inc, J.C. Penney Co., J. Crew Group Inc. and the owner of Ann Taylor as companies looking to use this protection to avoid lease renegotiations and even back out of rent obligations altogether.

Retail 141

More Trending

article thumbnail

FASB Provides Lease Concessions Guidance Due to COVID-19

Katz,Sapper&Miller

As companies adjust to their new normal under COVID-19 and most put revenue recognition accounting implementation in their rearview mirror, lease accounting arises once again as a hot topic. Businesses have either already implemented the largest overhaul in lease accounting in decades, Accounting Standards Codification (ASC) Topic 842, or they have taken advantage of effective date delays and continue to operate under ASC Topic 840 until calendar year 2022.

article thumbnail

A Guide to Reading Your Reports

xendoo

Balance sheet. An overview of your business’s financial position on the day the statement is generated. Assets – Money in the bank, property, and equipment owned by the company. Liabilities- Money you owe other people (loans, taxes, rent, etc,). Equity – Money currently held by the company (retained earnings, operating capital, stock). Equity – Liabilities = Assets.

Legal 52
article thumbnail

Coinstar CEO On The Ongoing Journey To Digitize Cash (And Turn It Into Crypto)

PYMNTS

The great digital shift, along with the pandemic, has brought all manner of activities into the virtual realm — most notably, of course, commerce itself. To that end, as Coinstar CEO Jim Gaherity told PYMNTS, the stage is becoming increasingly set for currency — the literal cold, hard stuff of bills and coins — to be rendered in bits and bytes. The evolution — beyond sorting coins stored in proverbial piggy banks and coffee cans and toward bill pay and commerce, all in a self-service environment

article thumbnail

Part VIII – PPP Loan Forgiveness: Good News, Bad News, and Oh, What a Surprise.  Not!

LSLCPAs

Earlier this week, Treasury and the SBA issued a 10 page FAQ on loan forgiveness. Congress is also considering another stimulus act. The Good News In general, payroll costs paid or incurred during the covered period may be forgiven. Payroll costs are subject to two limitations: one based on a […]. The post Part VIII – PPP Loan Forgiveness: Good News, Bad News, and Oh, What a Surprise.

cpas 52
article thumbnail

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.

article thumbnail

KSM Honored by Construction Executive as a Top 50 Construction Accounting Firm

Katz,Sapper&Miller

Katz, Sapper & Miller (KSM) has been named one of The Top 50 Construction Accounting Firms in the country by Construction Executive (CE) magazine.

article thumbnail

Micro-Captive Transactions Taken off Annual List of Tax Season Scams

CTP

If it wasn’t bad enough already that a deadly virus is sweeping the globe, turns out criminals and ne’erdowells alike are still trying to steal money from hardworking Americans. Luckily, the IRS has an excellent track record of catching criminals and ne’erdowells, just ask Al Capone. Every year the IRS releases a list dubbed ever […]. The post Micro-Captive Transactions Taken off Annual List of Tax Season Scams appeared first on certifiedtaxcoach.

Tax 45
article thumbnail

Western Union CFO On Q2 And The New-To-WU Consumers’ Big Digital Shift

PYMNTS

Western Union (WU) reported Tuesday (Aug. 4) that while second-quarter revenues fell for much of its business, WesternUnion.com’s average monthly active customers shot up 45 percent year over year. Chief Financial Officer Raj Agrawal told PYMNTS that Q2’s digital growth was “unbelievable.”. Agrawal said the company’s digital operations have grown not just in terms of dollar amounts, but also in terms of how many new customers the pandemic has brought in.

Retail 134
article thumbnail

How Thrasio Turned Buying Amazon Third-Party Sellers Into A $1B Business

PYMNTS

In Greek mythology, Thrasos is the character that personifies boldness. Drop the ‘os’ and add an ‘io,’ and it’s a company that personifies the fast track to digital commerce success. Thrasio has taken its Amazon-centric business model to a high level at high-speed, snapping up some of the marketplace’s hottest sellers and creating a company that one of its investors says is “revolutionizing eCommerce.”.

Retail 134
article thumbnail

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.

article thumbnail

How B2B Payments Fraud Hides Within The Enterprise

PYMNTS

When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. Speaking with Karen Webster in a recent interview , OnPay Solutions President and CEO Neal Anderson explained that organizations have to prepare themselves to mitigate the fraud threat, even as employees work from home. “Everybody needs to be suspicious,” he said. “Everybody should worry that this activity is happening.

B2B 131
article thumbnail

Visa’s Kevin Phalen: Global SMBs Get Back To Business Optimistic About The Future

PYMNTS

The global pandemic has changed commerce fundamentally — a fact confirmed in Visa ’s new Back to Business study. To say that consumers have shifted dramatically toward digital commerce — or that small- to medium-sized businesses ( SMBs ) all over the world have been rapidly pivoting to keep up with them — is almost an understatement. According to the eight-country study, 78 percent of consumers have changed how they pay for things so as to reduce contact in their commerce.

article thumbnail

Fave: Inside Southeast Asia’s Merchant Super App

PYMNTS

Mobile payments penetration has historically faced a gap in Southeast Asia , Joel Neoh , founder of leading regional online-to-offline company Fave , told Karen Webster. Consumers in locales like Singapore, Malaysia and the Philippines can store payments credentials on their phones and make online purchases with no problem, but it was a different story using them in physical locations.

article thumbnail

JPMC: Why Working-Capital Trade Finance Is On The Rise

PYMNTS

Although the 2008 financial crisis jolted the world economy, the financial conditions leading up to the disruption had been a long time coming. It’s perhaps the biggest economic difference between then and the current climate, in which a global pandemic thrust millions of workers in the U.S. into unemployment and fractured supply chains across the globe — all within a matter of days.

Finance 124
article thumbnail

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.

article thumbnail

Visa’s Bill Sheley: Eliminating FX Uncertainty Boosts Cross Border Commerce

PYMNTS

Global travel may be down, and border restrictions remain in-place, but that doesn’t mean cross-border payment volumes have taken a hit. The need to purchase goods and services remains as high as ever, and increasingly, spend is occurring on an international scale. While the barriers to reaching an international consumer base are low thanks to innovations in eCommerce, online retailers and merchants still struggle to provide their global consumers with the same payments experience their do

Retail 120
article thumbnail

Deutsche Bank On Accelerating Payments In The Digital Age

PYMNTS

Payments are everyday occurrences for businesses and consumers, and they have been for thousands of years. Transactions once conducted by trading pieces of gold are now accomplished through digital means, with both parties using cards, wire transfers or even smartphone apps to send or receive funds. These transactions often take hours or days to clear, however, which can result in frustration because funds are often needed as soon as possible.

article thumbnail

Clik CEO: eKYC Key To Building Cambodia’s Digital Payments Future

PYMNTS

People in the developed world tend to have skewed views of developing countries that they’re unlikely to ever visit — like Cambodia, according to Matthew Tippetts , co-founder and CEO of Phnom Penh-based payments platform Clik. Tippetts told Karen Webster that those from advanced countries think of Cambodia as “frontier,” “underdeveloped” or “running critically behind the rest of the world,” but that overlooks the Cambodian market’s complexity.

audit 120
article thumbnail

Minneapolis Fed President Kashkari Urges 4-6 Week ‘Hard’ Shutdown

PYMNTS

The U.S. economy would be best served if the nation were to be locked down for up to six weeks, Minneapolis Federal Reserve Bank President Neel Kashkari advised. In a CBS interview on “Face the Nation” Sunday (Aug. 2), Kashkari said the country can rebound, but only if the virus is controlled. “If we were to lock down really hard, I know I hate to even suggest it, people will be frustrated by it,” he told the network.

119
119
article thumbnail

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.

article thumbnail

BBVA On Google, Digital Banking And The Rise Of The ‘Everyday App’

PYMNTS

When the story of the coronavirus is written, when it comes to financial services, the key chapters will focus on the pace at which innovation accelerated — and where a range of players came together to create ecosystems, rather than to simply compete in zero-sum, winner-take-all bids for consumers. Those ecosystems will leverage the trust that consumers have placed in traditional financial industry players and tech companies of all sizes – including Big Tech , of course.

article thumbnail

Is There A Doctor In The House? Why Heal’s CEO Thinks There Should Be

PYMNTS

“There’s got to be a better way.” That single phrase has started plenty of innovative companies when uttered by frustrated entrepreneurs who find themselves running headlong into something that should be easy but isn’t. Nick Desai , co-founder and CEO of medical disruptor Heal , found himself uttering that phrase as he was driving home from a seven-hour emergency room visit with his baby son some years ago.

article thumbnail

Apple Buys Mobeewave For $100M

PYMNTS

Apple has purchased Canadian company Mobeewave , which will allow it to create mobile pay hubs out of iPhones, Bloomberg reported. The deal went down for $100 million, according to sources quoted by Bloomberg. Mobeewave specializes in letting shoppers utilize their smartphones to access a credit card and process payments. The system works via an app and does not require any further hardware beyond a Near Field Communications (NFP) chip, the likes of which have been included in iPhones since 2014

article thumbnail

How Treasurers Can Prepare For A Real-Time Payments Ecosystem

PYMNTS

Navigating the U.S. regulatory landscape as a financial service provider is not easy, with laws that vary state by state and federal rules that are constantly evolving. It’s one factor in why so few challenger banks have launched in the country compared to markets like the U.K., where challenger banking has flourished in recent years. However, there are efforts to lower the barriers to entry for market newcomers.

article thumbnail

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.

article thumbnail

Uber Will Let Employees Work From Home Until June 2021

PYMNTS

Uber will let employees work from home through June of next year, according to CNBC. The decision comes after Google made a similar choice, showing the newfound acceptance of remote work amid the pandemic. CEO Dara Khosrowshahi made the announcement at an employee meeting. The measure is not a mandate, so employees could be allowed to return to work offices if they reopen before June 2021.

article thumbnail

Report: Skillz Takes Bowling Online — And Strikes Out Bad Actors

PYMNTS

Consumers today are looking for new avenues of at-home entertainment as many continue to lay low during the ongoing pandemic. While video streaming services remain popular, research indicates more consumers are also turning to online gaming and gambling platforms. Fraudsters looking for their own enrichment are also populating these platforms, however, making it imperative that both consumers and the companies providing these digital bowling, poker or roleplaying games take security seriously.

Gambling 111
article thumbnail

The Bank-FinTech Tie-Up Evolves

PYMNTS

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Also seen in this week’s roundup of the latest in open banking and bank-FinTech collaborations is an emerging use of application programming interfaces (APIs) to enhance payments via both new and legacy rails.

article thumbnail

US DOJ Charges 14 With $28M In PPP Fraud

PYMNTS

The U.S. Department of Justice (DOJ) charged 14 people in two separate investigations into their alleged participation in schemes to defraud the Paycheck Protection Program (PPP) of more than $28 million in forgivable loans guaranteed by the Small Business Administration. In Florida, nine defendants have been charged in the U.S District Court for the Southern District of Florida with wire and bank fraud and conspiracy for seeking $24 million in forgivable PPP loans.

Georgia 110
article thumbnail

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.