PYMNTS

MAY 25, 2018

As Europe’s General Data Protection Regulation (GDPR) comes into effect, Facebook privacy critic Max Schrems has filed four complaints over consent required to use online services. The complaints were filed against Facebook — along with its Instagram and WhatsApp services — and against Google ’s Android, TechCrunch reported. “It’s simple: Anything strictly necessary for a service does not need consent boxes anymore,” Schrems wrote in a statement.

Government 70

Government Account accountant accounted 70

Katz,Sapper&Miller

MAY 24, 2018

The Kentucky legislature recently passed significant tax law changes with House Bill 366 and House Bill 487, including an overhaul to much of Kentucky’s corporate tax system and addressing the state’s conformity to the Tax Cuts and Jobs Act. These bills broaden Kentucky’s tax base through various income and sales tax provisions and introduce a flat income tax rate.

Kentucky 40

Kentucky Tax income tax corporation tax 40

PYMNTS

MAY 25, 2018

Among the latest hopes for healthcare payments is blockchain. Touted by observers and industry players as one of the top trends that could impact medical billing and data management for 2018, the technology is increasingly being viewed as part of the path to better efficiency in payments. For instance, ConnectingCare , a company that helps far-flung practitioners view patient data across different points of care, wants to use blockchain for cost forecasting and to enable direct pay options for h

Healthcare 66

Healthcare Technology Hospitality Maine 66

PYMNTS

MAY 22, 2018

Payments software company HPS is launching an API for other FinTech innovators to integrate into banking systems. The company announced news on Monday (May 21) that its PowerCARD Connect-Open API aims to help FinTech developers integrate mobile payment, tokenization, biometrics and other emerging banking technologies into their own solutions. The rollout follows a pilot version of the API launched last year, HPS noted, adding that the API can support “servicing” and “transacting,” enabling push

Technology 63

Technology Account accountant accounted 63

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PYMNTS

MAY 21, 2018

Recent moves from PayPal and Target have brought fresh attention to the use of augmented reality (AR) to boost commerce and payments. The technology remains in its infant stage — with seemingly as many ideas and demonstrations as real-world applications — but the paths to an augmented reality future are becoming clearer. The revival this spring of PayPal’s patent for payment-enabled augmented reality glasses has some analysts wondering how close the technology is moving toward the mainstream.

Gaming 53

Gaming Retail Technology 53

PYMNTS

MAY 22, 2018

Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S. down by 76 percent. “Visa set the path for the U.S. payments industry to begin the shift to EMV chip cards in 2011,” the company wrote in a press release. “One of the leading factors was that chip technology is extremely effective in reducing counterfeit fraud, which was the leading type of fraud in the U.S. at the time.”.

Technology 53

Technology 53

PYMNTS

MAY 22, 2018

CFO. Chief financial officer , of course. But might we tweak the title a bit? Maybe to “chief fundamentals officer?” The fundamentals of business is what we’re talking about here: Stretching across everything from external forces, such as competition, to internal workings spanning expense management to communications to defining and spearheading strategy that can change with haste.

Spend Management 52

Spend Management Technology Business Spend Management Start-ups 52

PYMNTS

MAY 23, 2018

Cyberattacks on American financial institutions are at an all-time high, with more and more cybercriminals eyeing consumers’ financial data and other sensitive information. A February 2018 study from the Federal Reserve Bank of Minneapolis found that 75 percent of American financial institutions incurred losses due to fraud last year. And with that, governments and security solution providers are stepping into the fray with the aim of combatting fraudsters.

Government 50

Government Technology Maine 50

PYMNTS

MAY 25, 2018

Remember when blockchain was the new technology buzzword on the … block? Still buzzy, if not so new in the nomenclature. Now blockchain is on everyone’s lips, and has been for a while. Where once the concept of the digital ledger was linked to bitcoin , now blockchain stands on its own, as a conduit to any number of transactions across cryptocurrencies and other vessels of exchange, including data.

Technology 48

Technology Healthcare 48

PYMNTS

MAY 22, 2018

Chase announced news on Tuesday (May 22) that it is launching Ink Business Unlimited, a new credit card geared toward small business owners that gives them unlimited 1.5 percent cash back on purchases. In a press release, Chase said Chase Ink Business Unlimited rewards business owners on every purchase without requiring them to make purchases in special categories.

New York 49

New York Account accountant accounted 49

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

MAY 22, 2018

Corporate treasurers gathered for the Association of Corporate Treasurers (ACT) annual conference last week, and there, treasury professionals made clear where their priorities stand today. At the top of the list, according to reports, is incoming FinTech disruption, legislation like PSD2, market shifts stemming from Brexit and more. According to reports in Global Finance , an estimated 1,100 corporate treasurers from across the U.K. and Europe gathered for the conference.

Technology 49

Technology Finance Start-ups B2B 49

PYMNTS

MAY 25, 2018

After reports of money laundering caused lenders in Estonia and Latvia to close, police said on Friday (May 25) that more than $13 billion (or about €11 billion) was laundered through banks in Estonia between 2012 and 2016. Much of the money was reportedly laundered through bank accounts belonging to non-residents, Reuters reported. “In 2012, more than €7.3 billion in securities from Russia were processed through the Estonian financial system.

Account 48

Account accountant accounted 48

PYMNTS

MAY 24, 2018

In 10 years, no one will talk about “contextual commerce” — it’ll just be commerce. That’s what Rich Aberman, co-founder of WePay , predicts. Native commerce is where Aberman believes all platforms are headed — and that’s not just true for software developers like Apple, Google and Microsoft, but also for social media platforms like Facebook, Pinterest and Instagram.

Retail 47

Retail Account accountant accounted 47

PYMNTS

MAY 22, 2018

Though the idea of contextual commerce is widely loved, delivering on it is a significant challenge. As it turns out, finding the right context — a moment when a customer is perfectly primed to buy a good or service, if only someone would give them an easy way to do it — is not as easy as simply declaring something a good context for commerce. For example, the rocky launch of the eCommerce chatbot over the last year has proven this problem.

Gaming 47

Gaming Sales Account accountant 47

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

Technology

PYMNTS

MAY 22, 2018

The number of independent restaurants continues to decline in the United States, but they still make up more than half of the country’s eateries, and account for 15 percent of total restaurant operator spend. That’s according to research released on Monday (March 21) by The NPD Group. The research firm said that “while the number of independent restaurant units in the U.S. dropped by 3 percent, 346,105 independent restaurants remained opened, which represents over half of the 647,288 commercial

Manufacturing 47

Manufacturing Technology Account accountant 47

PYMNTS

MAY 23, 2018

The experiment did not work out for AutoZone. The retailer of aftermarket automotive parts had tried offering “aggressive promotional discounts” for items ordered online and then shipped to consumers’ homes, according to CEO William Rhodes — a nod to how eCommerce is changing customer expectations. The discount program, while only a small part of the chain’s overall revenue mix, had a “negative impact on our sales, which also negatively impacted our overall same-store sales,” he said on Tuesday

B2B 46

B2B B2C Sales Retail 46

PYMNTS

MAY 21, 2018

Small business invoice financing platform Fundbox is targeting the events industry through a new partnership with Eventbrite. A press release late last week said Fundbox is integrating its solution into the Eventbrite platform to link event creators with access to credit. According to U.S. Bureau of Labor statistics cited in Fundbox’s announcement, the event industry is slated to grow 44 percent between 2010 and 2020.

Finance 46

Finance accounting and finance Entertainment Sales 46

PYMNTS

MAY 24, 2018

The ideal goes something like this: Consumers at any location — a friend’s house, a car — could speak into a voice assistant or smart speaker and be instantly recognized by the device no matter who owns it. That consumer could make secure transactions or add items to a daily calendar or perform any of the other tasks possible in a world where voice recognition has become ubiquitous.

Technology 46

Technology 46

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Technology

PYMNTS

MAY 23, 2018

What if QR Codes could transition consumers seamlessly between the online and offline worlds, blurring the lines between physical and digital retail, and ingraining shopping as part of the everyday experience? They can’t, but the next generation of scannable codes aims to do exactly that, leveraging a color matrix that can be scanned from afar and renders well on TV screens.

Technology 46

Technology Real Estate Sports Maine 46

PYMNTS

MAY 21, 2018

Are the days of the real estate agent numbered? Probably not — no matter what, someone has to put out cookies and snacks for potential home buyers — but artificial intelligence is taking more command in the industry. The latest evidence comes from SetSchedule , a real estate data analytics and marketing firm. It recently announced its launch of a service called SetValue, which the company describes as a “tool that is the first of its kind to combine data analytics and artificial intelligence and

Real Estate 46

Real Estate Gaming Tax Retail 46

PYMNTS

MAY 21, 2018

Adobe has entered into a definitive agreement to acquire Magento Commerce for $1.68 billion, subject to adjustments. The addition of the Magento Commerce Cloud will enable commerce to seamlessly integrate into the Adobe Experience Cloud, and delivers one platform that serves both B2B and B2C customers around the world, Adobe said in an announcement.

B2C 45

B2C Manufacturing B2B Tax 45

PYMNTS

MAY 25, 2018

The wallets of small business (SMB) owners are bulging with plastic, thanks in large part to the difficulty of securing funding, which leads to those merchants using their personal credit cards to meet expenses. That’s according to Nav , which helps business owners find financing and access credit. To arrive at its findings, Nav “analyzed anonymized personal credit card usage data from 143,004 of its small business customers and 128,281 of its consumer customers.

Finance 45

Finance B2B 45

Advertiser: Paycor

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PYMNTS

MAY 22, 2018

It looks like a flaw in Comcast’s website used for the activation of Xfinity routers can be exploited to harvest sensitive consumer information. According to reports, the purpose of the site is to make it easy for customers to set up their home internet without having to wade through a customer service call. It’s a useful service except for the fact that it can apparently be tricked into displaying the home address of wherever the router happens to be.

Retail 45

Retail Account accountant accounted 45

PYMNTS

MAY 21, 2018

A smart entrepreneur dropped out of college, identified an unmet market need and created an entirely new market segment. He did it by establishing a platform that matched an underutilized source of supply with a growing demand for services. One of his platform’s competitive advantages was the centralized payments platform he created to remove the friction involved in paying suppliers.

Technology 45

Technology payroll bookkeeping bookkeeping services 45

PYMNTS

MAY 22, 2018

Welcome to the new world of trust. Identity is the new currency, and the costs of mishandling it – or making it easy to steal – can end up higher than the mere theft of funds. That’s one of the insights offered by Tony Ball, senior vice president and general manager of identity and access management for Entrust Datacard , during an interview with Karen Webster for the PYMNTS “ Economy of Trust ” podcast series.

Education 44

Education Start-ups accounting and finance Retail 44

PYMNTS

MAY 22, 2018

For women around the world, freelancing in the digital economy isn’t just convenient – it’s empowering, especially as gender pay disparity comes under scrutiny across the corporate workspace. But what’s not empowering are the steep transaction fees and currency challenges, such as forex fluctuation or non-acceptance of customers’ preferred tender. The new way of working has “unquestionably broken down barriers to women’s economic empowerment,” according to Meghan Hagberg, senior vice president,

44

44

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Finance

PYMNTS

MAY 25, 2018

The trucking industry just got a bit more mobile — at least, that’s the position of Comdata. Comdata, the payment services arm of FLEETCOR , on Thursday (May 24) announced that businesses within the trucking industry can now register for Comchek Mobile. The service enables those operations to “instantly digitize payments for settlement, driver advances, lumpers, repairs and other common over-the-road needs,” Comdata said in a statement.

Sales 43

Sales B2B 43

PYMNTS

MAY 21, 2018

As Boston tries to lure Amazon’s second headquarters to the eastern part of the city it is facing concerns that it would result in displacements of lower-income residents and increasing costs in the city. According to a report in the Wall Street Journal , the rents in the eastern part of Boston known as Eastie are already rising resulting in displacements.

Real Estate 43

Real Estate Retail 43

PYMNTS

MAY 23, 2018

For all the press about how millennials are the future of commerce, there is one big and rather problematic roadblock in that narrative. Millennials are kind of broke – and they might always be. That is the worrisome take-away from a new Federal Reserve Bank of St. Louis study titled “ A Lost Generation? ” By the numbers, a typical family headed by a person born in the 1980s earns 34 percent less than what was projected.

Education 43

Education Finance 43

PYMNTS

MAY 25, 2018

Among the enduring promises of computer technology is that it would give the “little guys” — all those Davids struggling to compete in a world full of corporate Goliaths — a new source of strength. Sourcing, marketing, selling and payments: Harnessing the power of digital could make any new or relatively small company a global star. So it is perhaps with a bit of irony that the eCommerce behemoth known as Amazon , via its Web Services division (AWS), has positioned itself as offering a way for l

Gaming 43

Gaming Maine Government Technology 43

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"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.

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