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Today’s small business owner faces a significantly greater challenge in managing human resources regulations at the federal and state levels along with increased regulation in all aspects of their business. Accounting firms that can assist their clients with managing human capital and financial concerns at the same time can truly stand out from the competition.
Do you think Fraud/Theft only happens in the Retail Environment? Think again. This workshop will provide you with the knowledge and information you will need to identify risk factors within your company so that you can put policies in place to protect your business from this ever happening to you. Employee Fraud/Theft Statistics that will shock you: Annual revenues lost to theft or fraud – 7% Employees who have stolen at least once form their employer – 75% Employees who have stolen at least twi
The phenomenon of payments fraud is not a modern one — far from it. But as RL Prasad, SVP of payment system risk at Visa , told Karen Webster in a recent conversation, what is new today is the who and the how of fraud, particularly in a digital world. As for the who, Prasad told Webster that there are still plenty of attacks perpetrated by the more professional organized crime-modeled hacker gangs that are behind massive breaches that capture the headlines.
Not-for-Profit Services Group to help organizations navigate and understand Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606).
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
Do you think Fraud/Theft only happens in the Retail Environment? Think again. This workshop will provide you with the knowledge and information you will need to identify risk factors within your company so that you can put policies in place to protect your business from this ever happening to you. Employee Fraud/Theft Statistics that will shock you: Annual revenues lost to theft or fraud – 7% Employees who have stolen at least once form their employer – 75% Employees who have stolen at least twi
The 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers worldwide to kick around ideas to topple the dollar’s power, Bloomberg reported Sunday (Aug. 25). The Jackson Hole, Wyoming, conference was comprised of current and former central bankers, including Bank of England Governor Mark Carney , who has challenged the dollar’s position as the world’s reserve currency.
Here’s a thought as the unofficial end of summer draws near and a new decade looms: Pay more attention to Vietnam. No doubt you already are, but maybe pay even more attention, especially to get a better sense of how digital and mobile payment and commerce trends are playing out in one of the fastest-growing economies in the world. In a new PYMNTS interview with Karen Webster, Ryan Frere, the vice president of global payments at Flywire , made one of the latest cases we’ve heard about why Vietnam
Here’s a thought as the unofficial end of summer draws near and a new decade looms: Pay more attention to Vietnam. No doubt you already are, but maybe pay even more attention, especially to get a better sense of how digital and mobile payment and commerce trends are playing out in one of the fastest-growing economies in the world. In a new PYMNTS interview with Karen Webster, Ryan Frere, the vice president of global payments at Flywire , made one of the latest cases we’ve heard about why Vietnam
U.S. bank PNC has begun using RippleNet to facilitate cross-border transactions, reports said Thursday (Aug. 29). Fintech Futures reported that PNC is the first U.S. bank to use RippleNet’s blockchain network to move money across borders. The solution is available to corporate clients of the bank’s PNC Treasury Management unit, according to reports, and will enable PNC to offer businesses real-time global payments.
From the biggest transactions between enterprises to the small weekly allowances doled out weekly by 70 percent of America’s parents , there are three ingredients necessary when trying to reap the many rewards of digitization. First, it has to be fast , because no one likes standing in line. It has to be safe, because trust is the grease that keeps the financial services wheels spinning.
Global payments company MoneyGram announced a new partnership with HD Bank in Vietnam to provide a home delivery service, MoneyGram said in a press release on Thursday (Aug. 29). . MoneyGram already has a home delivery network in Vietnam, but teaming with HD Bank offers customers more confidence money will arrive where it is supposed to and on time.
While Facebook’s proposed cryptocurrency Libra hangs in regulatory limbo over concerns of money laundering and a threat to financial stability, popular social network Telegram has plans to release its own cryptocurrency by October, according to a report by The New York Times. “A whole new economy saturated with goods and services sold for cryptocurrency will be born,” the company said in 2017.
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.
Elwood Asset Management — owned by British billionaire and Brevan Howard Founder Alan Howard — is planning a $1 billion venture into the crypto hedge fund space. The asset manager is developing a platform that would tailor portfolios of cryptocurrency funds for institutional investors, the Financial Times reported on Aug. 30. Howard is launching a $1 billion endeavor for specially-designed cryptocurrency hedge fund portfolios.
Cred , a global crypto-backed lending and borrowing platform, has announced the addition of two executive team members. Joe Podulka, a 10-year veteran of eBay and PayPal , joins Cred as chief financial officer. He was previously CFO and VP of Finance at Hearst Communications, where he helped drive the digital transformation for the media brand. He also spent 11 years at eBay/PayPal in a variety of roles in the U.S. and abroad, according to a press release.
Retailers looking to engage tech-savvy millennials and Gen Z consumers are quickly doubling down on their efforts to offer more visual content and enhance the discoverability of their products and services. The need for fast, visual-based search systems is filtering into the mainstream, with Google recently revamping its Image tool to include a new user interface that allows shoppers to compare product images.
While all financial institutions (FIs) operate on customer relationships, trust and loyalty can play a larger role for credit unions. According to PYMNTS’ Credit Union Innovation Index, 65 percent of credit union members said they chose a credit union (CU) as their primary because they trusted it, as opposed to 45 percent of non-CU members who said the same.
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.
Chinese tech giant Tencent has said it will release a version of its ultra-popular WeChat app specifically for drivers to use in cars, according to a report by Reuters. The company is teaming up with China carmaker China Chang’an Automobile Group on the function. WeChat is China’s most popular chat app, with upwards of a billion users. The app will be integrated into upcoming car models later this year.
Gaining scale as a marketplace is, by-and-large, a good thing. . It’s a sign that one has successfully found a way to reach a stable base audience with its goods or services to such an extent that it is time to think about expanding that footprint. . However, as marketplaces start gaining scale, their thoughts turn to the global marketplace and how to expand fully into it, said Yapstone Executive Vice President and Chief Product and Technology Officer Sanjay Saraf to Karen Webster in a recent
Turn off that TV show or movie — even if you are binge-watching this holiday weekend, just take a minute away from the addictive content — and wish a hearty happy birthday to the force more or less behind all your home-entertainment enjoyment. Yes, Netflix is another year old. The streaming and subscription service turned 22 on Thursday (Aug. 29). The trends sparked largely by this company since 1997 have led to new areas of commerce, new opportunities for payments and even potentially existenti
Uber is trying to reassure its customers before a tell-all book about the company is released. One excerpt of the book, authored by New York Times reporter Mike Isaac , reveals that Uber misled customers into paying $1 more per ride by telling them the rideshare giant would use the proceeds to pay for an “industry-leading background check process, regular motor vehicle checks, driver safety education, development of safety features in the app, and insurance.”.
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.
Small businesses have historically been deemed as unprofitable by major banks, with FIs’ innovation efforts often prioritizing consumer products, followed by commercial banking offerings. The twist is, that gap in small business banking innovation led external FinTechs to step in and today, small business banking is a highly competitive, and highly innovative, area of financial services.
In China, the central bank has said that it will offer up a three-year development plan for the domestic FinTech sector. As reported by AltFi , the People’s Bank of China (PBOC) has said that the sector represents a “new” growth engine. The reports state that the FinTech firms in that country “should take the approach of [Chinese president] Xi Jinping’s socialism with Chinese characteristics in the new era as the guide.
Down supply chains, paper checks indeed remain the dominant way companies pay suppliers, logistics service providers and business partners. While the payment method is far from efficient — paper requires manual data entry, expanding the risk of mistakes and fraud and taking up valuable time — it’s often the actions before the actual act of payment bogging up cash flow.
Nike’s new Adapt Huarache shoes work with voice commands on Siri and Apple Watch , allowing owners to adjust the fit and lace and unlace their sneakers, CNBC reported on Thursday (Aug. 29). This redesign of the 1991 Nike Huarache uses FitAdapt self-lacing technology, similar to the Nike Adapt BB shoes that were announced in January. The latest iteration of FitAdapt allows for more personal preferences, environments and situations.
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.
California-based Imperva , a principal cybersecurity provider that works to prevent website breaches, has said it was hacked, The Next Web reported on Wednesday (Aug. 28). The popular security vendor said its cloud-based firewall product exposed user data online, including email addresses, passwords, API keys and SSL certificates. The hack affects customers using the Cloud Web Application Firewall (WAF) product.
In the quest to streamline B2B processes, and to move beyond the way things have always been done – especially when it comes to managing payments and cash flow — ePayables are gaining traction with financial professionals. As noted in a recent Optimization and ePayables Playbook , more than one-third of businesses are “enthusiastic” about adopting that innovation, with an eye on improving day-to-day operations.
To provide men’s personal care items that feel like premium brands at accessible price points, eCommerce innovators are building product lines through the direct-to-consumer (DTC) model. Take Huron , which sells body wash, face lotion and face wash through its website. Founder Matt Mullenax was inspired to start the brand after cutting his teeth in the DTC world as an early employee at Bonobos.
When Square released its first set of developer application programming interfaces (APIs) about five years ago, the focus was to attract partners able to give its sellers tools to more effectively manage their point of sale data. The archetypical example, Square Developer Platform Lead Carl Perry, told PYMNTS in a recent conversation, was QuickBooks.
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.
It’s that’s time of year again – football season is upon us. As diehard baseball geeks pout about having to share TV time with another major sport, and most of the country goes into New England Patriot-hating mode, the digital payments and commerce industry gets pretty optimistic – and even excited. That’s because every NFL season promises to bring advances in payments.
Everyone in retail and payments is – or should be – getting ready for 5G mobile network technology. More potential and real 5G use cases keep popping up (more about that in just a bit), but it also pays to keep in mind that as the technology moves closer to the mainstream, more consumers are fighting back against those deployments. Here at PYMNTS, we take a generally optimistic and robust view of the coming decade of the 2020s, during which many fresh payments and retail innovations promise to c
Allowances are a surprisingly big business in the United States. According to an early 2019 study from 70 percent of U.S. parents report giving their children a weekly allowance, and the average weekly take is $9.06. Considering there are roughly 75 million people under the age of 18 in the U.S. — those figures imply over a billion dollars is given to America’s children each month as spending money.
The market share of credit unions is only a fraction of their larger bank counterparts, but they tend to inspire a greater sense of loyalty among customers. Data from PYMNTS’ Credit Union Innovation Index found that 60.8 percent of members would not leave their credit unions (CUs) for different financial institutions that offered the same services.
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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