Sat.Jan 04, 2020 - Fri.Jan 10, 2020

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People’s Bank Of China Making Progress Toward Digital Coin

PYMNTS

China’s central bank, the People’s Bank of China (PBOC), said it has completed the “top-level” design of its proposed digital currency, according to reports. The PBOC released the information in a recently released paper, saying that the “top-level design, standard formulation, functional research and development” of the digital yuan coin has been completed.

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HSA vs. FSA: What’s the Difference?

Patriot Software

Offering employees attractive benefits is a great way to improve engagement and retention. FSAs and HSAs are healthcare plans that cover medically-related expenses not included under a traditional health plan. Do you know the difference between HSA vs. FSA? Both employers and employees should understand the difference between HSA and FSA. Read on to learn […].

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Curry, Scott, Eberly, and Lehrman Named to Leadership Positions at KSM

Katz,Sapper&Miller

Every day, KSM helps clients turn inspiration into action. Now join us in congratulating four women who inspire us: Lisa Curry and Beth Scott, our two newest partners; Erin Eberly, appointed to our executive management committee; and Amy Lehrman, promoted to managing director of our Fort Wayne office.

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Be Your Own Boss – Create Your Dream Job and Lifestyle

SingleTrackAccounting

Do you dream of a flexible schedule, living where you vacation, and being your own boss? Starting a business takes risk, hard work, and grit. Living in the resort town of Steamboat Springs, Colorado we have noticed gaps that need to be filled. In this article, we will cover possible business ideas that cater to your town and steps to take to validate your business.

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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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Amex Cleared To Operate In China

PYMNTS

The central bank in China said it has accepted an American Express application to start working in the country, according to a report by Reuters. The news was released in a social media post by the official People’s Bank of China (PBOC) account on Wednesday (Jan. 8). The post did not say when Amex would start operations in the country. In November of 2018, Amex got approval to clear card payments by the PBOC , making it the first company of its kind to get access to what will become the largest

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Tax Problem Resolution Services

MyIRSRelief

Tax Problem Resolution Services. It all started with the Tea Party in Boston, when American colonists protested British taxes levied “without representation.” The IRS didn’t come into being until 1862, to handle our first national income tax, 3% of income, levied to fund the Civil War. That tax expired in 1872, but again in the early twentieth century, just before World War I, Congress passed the Sixteenth Amendment, which imposed income taxes again.

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Who Will Shape The Future Of The Connected Economy?

PYMNTS

Ten years ago, the world of payments and commerce was in a very different place. ISOs sold terminals and card processing, mostly to brick-and-mortar merchants. Square was a newbie, largely written off as a wrought-with-fraud business model that would never survive and scale. The Collison brothers had founded Stripe, but it would be a year before it would be in-market.

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Overcoming The Pre-Accounting Hurdle Of Data

PYMNTS

Following anxieties that robots would replace their jobs, small business (SMB) accountants are now on a path to potentially become more strategic partners with their SMB clients. Many industry players are touting the ability to use analytics and automation technology to handle mundane, time-consuming tasks, freeing up resources for accountants to take on more advisory roles.

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First Of 40 Burger King Venezuela Locations Now Accepts Bitcoin

PYMNTS

Burger King is letting people pay their way in Venezuela with a new bitcoin partnership that enables cryptocurrency purchases, CoinTelegraph reported on Saturday (Jan. 4). Confirmed in a Dec. 30 tweet by @cryptobuyer, a Panama-based crypto platform, there is one Burger King in the Sambil area of Caracas that accepts coin payments from bitcoin, Ether, Litecoin, Binance Coin, Dash and the stablecoin Tether.

Retail 69
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Forty Percent Of US-Listed Companies Report Losses

PYMNTS

The share of listed companies in the U.S. that are losing money is nearing 40 percent, which is the highest level since the 90s outside of a recession, according to a report by The Wall Street Journal. This time, there are no recessions and stock market indexes are at near or almost record highs. Some of the industries that are losing the most money include healthcare companies (at 42 percent of the loss-making companies) and tech stocks (17 percent).

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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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Visa: Road Tripping Into Connected Commerce’s Future Present

PYMNTS

It wasn’t long ago that the measure of a car or truck revolved around such things as the punch and pull of the engine, the smoothness of the transmission, perhaps even the thump of the stereo system. Those days are not exactly gone (those types of drivers still exist, and probably always will), but the standards have certainly changed, and will continue to do so.

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NRF Talks PIN-less EMV And POS Fraud

PYMNTS

The development of digital identity solutions shows no signs of slowing in the new decade, with the mobile biometrics market expected to add $28.45 billion per year in incremental growth between 2018 and 2023. Facial authentication and cloud-based subscription services are particularly popular, with applications ranging from unlocking personal smartphones to providing secure access to top-secret government facilities.

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Tesla Invites Hackers To Find Flaws For Prizes At Competition

PYMNTS

To challenge hackers to find flaws in its vehicles, Tesla , the electric automaker, is returning to the Pwn2Own hacking competition run by Trend Micro ’s Zero Day Initiative (ZDI), electrek reported. Some Model 3 vehicles and approximately $1 million are said to be for the taking. “Driving off with a brand-new Model 3 will be a harder challenge this year, which means the potential rewards will be much higher as well,” ZDI said in a press release.

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Mall Vacancy Rate Reaches 20-Year High Of 9.7 Pct.

PYMNTS

U.S. shopping malls have reached the pinnacle of struggle, with empty shops hitting a 20-year high, the Financial Times (FT) reported on Tuesday (Jan. 7). By the end of 2019, there were more vacant stores than at any time during the past two recessions, according to Reis Moody’s Analytics. People are shopping and spending is strong, but eCommerce is getting most of the sales rather than physical stores.

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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 Tech Is Reinventing How Brides Say Yes To The Dress

PYMNTS

A typical episode of TLC’s “Say Yes To The Dress” can offer one the basic sketch of the drama that is buying a wedding dress. Though the details change somewhat episode to episode, the story pretty much always follows the same arc: The bridal party enters, the bride explains her vision, dresses are tried on, fights break out, bitter tears are shed, the right dress is found, the price tag is seen, more bitter tears are shed, the bride says yes to the dress and everyone drinks champagne by minute

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The Weird Commerce Of The Dark Web

PYMNTS

In the day-to-day life of the regular law-abiding internet user, the dark web is mostly a scary unknown. Insofar as the average consumer knows, that side of the web – which is accessible only via a TOR server – is the place where their personal information is sold whenever there is a data breach. A slightly more knowledgeable consumer might also know that the dark web is where one goes to buy illegal things with bitcoin.

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Procurement AI Tackles The Drawbacks Of Sluggish ePayments Adoption

PYMNTS

Enterprise digitization continues to ramp up the availability of data, and open up new opportunities for in-depth analysis of that information. However, it’s no longer enough for solution providers to simply analyze corporate data. Businesses demand actionable insights, and analytics technology must be tailored to users in a way that can guide corporate strategy.

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Google Assistant Previews Upcoming Voice AI Feature

PYMNTS

Google Assistant is aiming to help users in even more ways thanks to new features the company debuted at CES 2020 throughout this past week. Later this year, the popular virtual assistant, which is available on mobile and smart home devices in 90 countries and engaged by nearly half a billion users each month in 30 languages, will read web pages aloud in a more pleasant, realistic voice.

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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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Little Caesars Teams With DoorDash For Delivery

PYMNTS

To supply pizza delivery services from 3,600 restaurants in Canada and the United States, Little Caesars Enterprises Inc. will team with DoorDash Inc. Little Caesars, which is said to be the third-biggest pizza chain in the world, had never offered delivery until now, Reuters reported. The quick-service chain will not require customers to make minimum purchases to receive deals and will not restrict discounts to carry-out orders.

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Retail’s 2020 Digital-First Payments Roadmap

PYMNTS

Consumers have always influenced how payment methods evolve – stretching back centuries to the barter system, and extending, now, into the digital age. And as payments are done in bits and bytes, across all manner of use cases, consumers prize convenience and personalization. For merchants, it’s imperative to take stock of the existing (and evolving) payment preferences that can be markedly different across generations – but delivering a seamless experience is a way to cement loyalty and drive r

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PayPal Finalizes $4B Honey Acquisition

PYMNTS

PayPal has completed a $4 billion deal — its largest to date — to acquire the shopping rewards platform Honey Science Corporation , PayPal announced Monday (Jan. 6). With Honey, PayPal is striving to revamp the shopping journey for its customers while upping eCommerce sales and shopper engagement for its merchants. Founded in 2012, Honey has grown from an eCommerce price-tracking tool to an expanded suite of services that include a shopping assistant and rewards program.

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Deep Dive: How Open Source ID Solutions Can Accelerate Digital ID Implementation

PYMNTS

Digital identity solutions are becoming increasingly necessary as the world’s population grows. An estimated 1.1 billion people worldwide lack basic ID credentials, according to the World Bank, and that number rises even higher when it includes individuals with poor-quality IDs that cannot be easily verified. Those without access to verifiable credentials are often restricted from obtaining vital services like education and healthcare.

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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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Brexit And The FinTech Hub Hubbub

PYMNTS

No one knows just what Brexit will mean for commerce, for international trade, for currencies across the Continent. The only certainty is that the effects will be far-reaching. We’re about to find out what it all means, of course, as the beginning, well, begins. After nearly three years in the making, and barring any unforeseen events, Brexit will dawn at the end of the month.

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What Iran Can – And Won’t – Do In A Cyberwar

PYMNTS

In the coming cyberwar with Iran, the U.S. may get hit hard. Planes may fall out of the sky, the financial system may be crippled, the energy grid may go dark — actually, it’s likely that none of this will come to pass. Amid the headlines speculating how, when and why Iran may respond to the killing last week of a top general, Qassem Soleimani, Director Samuel S.

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Cyberexperts Flag Danger Of Deepfakes At House Hearing

PYMNTS

Researchers have reported concerns about the timely importance of addressing deep fakes and other types of digital deception amid the backdrop of the upcoming presidential election. . The House’s Subcommittee on Consumer Protection and Commerce heard digital experts, as well as a representative from Facebook, testify in regards to the measures tech firms are using to fight against deepfakes, and what further actions should occur at the federal level, CNBC reported Wednesday (Jan. 8).

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Are Virtual Cards The Future Of B2B Travel Payments?

PYMNTS

When Sabre and Visa announced a new partnership in April to pair Visa virtual commercial cards with the Sabre Virtual Payments gateway , the goals were fairly big: create a virtual B2B travel payments solution that was faster, more secure and more transparent for buyers and suppliers. That is a tall order in the global travel market — an $8 trillion (with a “t”) industry that spans the entire surface of the planet.

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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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Barneys Employees Told Paychecks Stalled Due To Ransom Hacker

PYMNTS

A cyberattack is being blamed for holding up paychecks from the remaining staff at the beleaguered Barneys New York. A source told Page Six on Wednesday (Jan. 8), “No one got paid last week. We were told a group of cyber hackers took over one of our subsequent systems, the system we use to get paid. They didn’t initially tell us. They said the systems were hacked on Thursday — when we noticed our checks weren’t uploaded on the platforms.”.

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Fixing The Fresh Food Supply Chain With AI

PYMNTS

Fresh foods present a singular problem for grocers when it comes to keeping the shelves stocked. They don’t come with expiration dates stamped on, they tend to vary in terms of quality and seasonal availability, consumer preferences are highly variable and they have a relatively short shelf life. As a result, of the eight million tons of food retailers throw away annually, the vast majority are fresh foods that spoiled before they were ever sold.

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The Power Problem Holding Back Supply Chain Digitization

PYMNTS

At the onset of Industry 4.0 , the drive toward supply chain digitization is fueling massive investments in Internet of Things (IoT), smart sensors and connected devices. The technology is often considered a game-changer for supply chain management and logistics operations, able to both elevate the efficiency of operations while connecting corporates to real-time data for deep business intelligence and analytics.

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The Looming Long Fizzle Of Cyberattacks

PYMNTS

The new year is still new, and those on the front lines battling cybercrimes and the hackers who work from the shadows might be exhausted already. For now, at least, tensions between the United States and Iran have been dialed down a bit, if only in terms of missiles and firepower. But there remains the specter that the battle might be joined on other fronts — the digital kind.

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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.