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There is no shortage of headlines about the partial government shutdown that is now on its 27th day, and no shortage of articles speculating how long it will go on, what will be affected and (most often) what it will take to finally bring it to an end. There is, yet, one simple takeaway from all of them: So far, there is no end in sight. While that can — and hopefully will — change any day now, the reality is that the longer the government remains partially closed for business, the longer 800,00
Under a specific set of facts, a C corporation sale to an ESOP may be able to utilize the tax provision benefits of combining Section 1202 of the Internal Revenue Code of 1986, as amended (the “Code”) and Code Section 1042. If those facts are present, a seller of stock in a leveraged ESOP transaction may be able to receive some proceeds tax-free while deferring the remaining tax on the sale.
Africa as next great eCommerce frontier? The ingredients for a revolution in payments across the region, fueled by demographics and technology, seem to be there. In an interview with PYMNTs’ Karen Webster, Saqib Nazir, managing director of Africa at Emergent Technology delved into the ways the payments landscape across Africa is ripe for digital and mobile conduits, and a “cash light” mentality that focuses on the needs and desires of a burgeoning and youthful population.
In Asia, blockchain continues to get a boost from government and regulatory efforts, especially in the realm of trade finance done across borders. In one example from the past several days, the China Banking Association (CBA) — the regulatory agency tied to the sector — has launched a new blockchain-underpinned initiative focused on trade finance.
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.
The rapid rise of smart cities promises to connect citizens with a wide range of municipal services. By some accounts , approximately 70 percent of the world’s population will reside in smart cities by 2050. Citizens in this type of environment will find a host of connected devices designed to enhance their daily routines, such as smart parking meters that help drivers find and pay for parking.
Robots have taken their place inside eCommerce and other commerce-related warehouses, and will in the coming years take even larger roles in fulfillment, according to estimates. Hot on their trail are machine learning and artificial intelligence (AI) technology — the software and algorithms promising to reduce the risks of overstocking and understocking, and providing other benefits that can boost retailers’ revenue.
Online retail and mobile commerce had their shining moments over the 2018 holiday shopping season — the latest evidence of that comes from Adobe Analytics , which said that U.S. consumers spent a record $126 billion online during that period, above the company’s earlier projection. The new figure comes amid fresh questions coming out of that holiday season about the viability of brick-and-mortar retail sales.
Online retail and mobile commerce had their shining moments over the 2018 holiday shopping season — the latest evidence of that comes from Adobe Analytics , which said that U.S. consumers spent a record $126 billion online during that period, above the company’s earlier projection. The new figure comes amid fresh questions coming out of that holiday season about the viability of brick-and-mortar retail sales.
The complexities and demands of B2B eCommerce can be significantly greater than those of the consumer digital shopping realm. While that characteristic can be an argument for why it is imperative that B2B commerce goes digital, it’s also one of the biggest reasons why the industry is struggling to make progress. Procurement officials and business professionals may prefer to shop online for their companies today, but only about 10 percent of B2B sales of products and services are online, ac
Apple Pay, in a move that will let users in Australia skip credit card fees at places that support EFTPOS (electronic funds transfer), now has support for dual-network debit cards, according to reports. Previously, the default Visa payment option had users pay a fee they otherwise wouldn’t have had to fork out if they were using a physical card. The feature, called “Choose Payment Option,” allows an Apple Pay user to decide whether they want to use Visa or EFTPOS on a dual-network card.
HSBC is increasingly relying on blockchain technology to facilitate its foreign exchange trading services, reports in Financial Times said Monday (Jan. 14), with more than three million FX transactions having already been processed by the bank in the past year via blockchain. Now, the bank is reportedly planning to allow its own corporate customers to use its blockchain tool.
Traditional eCommerce and brick-and-mortar merchants aren’t the only organizations that market luxury goods like handbags. ShopGoodwill.com , an eCommerce auction platform that was created by Goodwill of Orange County and is still operated by the organization, offers the same kinds of items on its site. Over 120 Goodwill organizations nationwide put items on the site.
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.
For corporations that want to stay ahead of the competition, innovation is a must, but developing and supporting a payment solution can prove challenging. Instead, many rely on their FIs to create this kind of technology, which presents these institutions with a number of hurdles. Assisting corporate clients — especially those with legacy infrastructures — can require tailored solutions, which can be costly and time-consuming. .
If knowledge is power, then shared knowledge is … shared power. To that end, Visa said on Tuesday (Jan. 15) that it has launched a global initiative, She’s Next, Empowered by Visa, which seeks to support the advancement of women-owned small businesses around the world through shared research, experience and technologies. The announcement comes as, since 2014, more than 163 million women have launched businesses across the globe, at a rate that outpaces that of businesses launched by men.
All India Online Vendors Association, a trade group representing online merchants in India, vowed to appeal a ruling by the Competition Commission of India that favored Flipkart , the eCommerce company owned by Walmart. According to a report in Reuters citing the association that speaks for more than 3,500 Internet merchants, the group contended Flipkart was using its leading position to favor some merchants over others.
For certain sports fans, it’s one of best times of the year, a weeks-long period of anticipation, anxiety and hope. That’s because after a long fall, and after enduring what winter has thrown at us so far, the big day is approaching — Major League Baseball pitchers and catchers report to spring training in less than a month. Ha! Just kidding. The big sports news for the new few weeks is professional (U.S.) football, of course, and that means big news for payments and commerce as the Feb. 3 Supe
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.
Luxury department stores are borrowing from the past to bring customers into their stores in the digital age. That is, retailers are taking a page out of a playbook set by retailers like the now-closed B. Altman, which served tea sandwiches in its Charleston Garden, and opening their own restaurants. Saks Fifth Avenue is one of the retailers falling into this trend with a new eatery called L’Avenue at Saks in New York City, which is the same locale where Lord & Taylor is closing to make way
Tim Cook, Apple’s chief executive who has emerged as a powerful privacy advocate, has called on the U.S. Federal Trade Commission (FTC) to put in place a new framework to increase the transparency of companies that handle user data. According to a report in CNBC , in an op-ed piece for Time Magazine published Wednesday (Jan. 17), Cook said consumers should be able to track where their data is going and delete any information on demand.
Goldman Sachs as FinTech player? Goldman Sachs has been around since 1869, and may exist in the mind’s eye with pile carpeting, wood paneling and being among the more entrenched players in traditional wealth management and on Wall Street. The digital age is upon us, though, and the bank is proving nimbler than perhaps some might think. News came Wednesday (Jan. 16) that growth in Marcus continues apace, and that the online lending and savings offering had logged $35 billion in deposits last year
Momo, a Vietnam-based FinTech company that provides users with digital payment options, has reportedly received a very large Series C investment from American private equity firm Warburg Pincus. The exact size of the investment isn’t being released, but Pham Thanh Duc, CEO of M-Service, which is Momo’s parent company, said the amount sets a new record for funding.
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.
Fossil Group has announced that it is selling $40 million of intellectual property (IP) related to smartwatch technology to Google. As a result of the news, Fossil’s shares jumped about 8 percent on Thursday (January 17), according to CNBC. In recent years, smartwatches have become Fossil’s fastest growing category — it launched smartwatches across 14 of its owned and licensed brands.
Down for the count, where the tally is 432 to 202. And for Brexit , the question now becomes: What’s next? The news came down late in the day (Jan. 15) in the U.K. that Prime Minister Theresa May’s Brexit proposal was voted down by Parliament, by the above margin. The vote is an effective period, or exclamation point, in the wake of a delay stemming from last year, where May did not have the votes to support the proposal.
Bitcoin investors took a massive hit in 2018 – and, according to personal finance company Credit Karma, most of them don’t realize they can write off the losses on their tax returns. According to a report in MarketWatch , citing Jagjit Chawla, general manager of tax at Credit Karma, U.S. investors lost $1.7 billion in bitcoin investments last year and had unrealized losses of more than $5 billion.
There was a lot about CES in Las Vegas last week that was predictable. Google and Amazon competed for voice-activated mindshare. There seemed to be as many new smart devices as show attendees. Robots were everywhere. Then, there was the eccentric. Last year, the world met the its first talking toilet – and this year, the Numi 2.0 Intelligent Toilet promised not just to talk, but to listen.
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.
Way back in the day (which, in 21st century digital economy terms, probably means a decade or so), smart and important people used to express well-informed skepticism about the prospect of selling clothes, cars and even groceries via online or mobile channels. The concerns were reasonable and varied (logistical hurdles, perhaps, or just long-standing consumer habits), but, clearly, those views turned out to be wrong.
You know your stature by the enemies you make, right? That’s the old saying at least. Well, “enemy” might be too strong a term — business is not war — but Square this week found itself a target of First Data and Fiserv , two big payments players merging in a $22 billion deal that will result in a consolidated organization called Fiserv. When talking about the deal, Fiserv CEO Jeffery Yabuki described Square as a threat to traditional banks.
It’s almost burnt rubber time. The ecosystem for connected cars and trucks — and the retail and payment tasks they do and will support — is rapidly taking shape. Just look at the recent CES conference in Las Vegas. Among the announcements was a new partnership between Visa and SiriusXM Connected Vehicle Services, a subsidiary of Sirius XM Holdings, to launch an in-vehicle payment solution.
Netflix, which recently announced its largest price increase in more than a decade, said Thursday (Jan. 17) that it added 8.8 million memberships in the fourth quarter of 2018 — 1.5 million in the U.S. and 7.3 million internationally. Those additions came as the streaming content service severs sign-up ties with the Apple App Store — a move that promises to add to Netflix’s coffers while dealing a significant blow to the iPhone maker.
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.
The evolution of payroll is all about pushing back against the notion of one-size-fits-all. As innovative technologies move down stream, small and medium-sized businesses are poised to benefit significantly from being able to customize a flexible payroll and human capital management (HCM) program. Employees and a shifting talent landscape have introduced the demand for payroll flexibility.
New year, new reason to fear fraud — especially through digital means? A pair of studies have shown that companies are increasingly being targeted through methods both sophisticated and decidedly mundane. As reported late this week in Dark Reading , and as estimated by security research firm Agari , efforts are “ramping up” wherein criminals look to “divert payrolls” of senior executives.
From hardware to software, from cash registers to digital wallets, the way commerce is done at smaller firms (SMBs) is changing, especially as mobile makes inroads into the way we pay. In an interview that springboarded the findings of the Retail Innovation Readiness Index , published late last year, Nicky Koopman, vice president of content and value-added services at AEVI , stated that when it comes to apps, one maxim holds true: One size does not fit all.
Microsoft is taking its digital assistant Cortana in a new direction as it has fallen behind Google Assistant and Alexa in the past year, according to reports. CEO Satya Nadella, while speaking to a group of journalists earlier this week, said that the hardware giant no longer views Cortana as a direct competitor to Alexa or Google Assistant. “Cortana needs to be that skill for anybody who’s a Microsoft 365 subscriber,” he said, in reference to Microsoft’s recent push for consumer subscriptions.
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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