Katz,Sapper&Miller

APRIL 20, 2018

In recent years, the Financial Accounting Standards Board (FASB) received feedback that revenue recognition guidance was fragmented at best, confusing at worst. This is significant considering revenue is the key measurement used to determine a manufacturing company’s performance. In response to this feedback, the FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, in May 2014, and subsequently amended it.

Manufacturing 75

Manufacturing accounting principles accounting standards financial accounting 75

PYMNTS

APRIL 16, 2018

Foursquare is offering small businesses (SMBs) and startups access to its geolocation API, according to VentureBeat reports on Friday (April 13). The company already offers location identification services to companies like Snapchat and Uber, enabling geolocation within their own platforms. Now, Foursquare is extending this service to SMBs via its Places API for Startups.

B2B 74

B2B 74

PYMNTS

APRIL 17, 2018

The initial inner workings of a price comparison tool called Basket began when Neil Kataria was a kid. He loved to optimize his mom and dad’s shopping trips by clipping coupons and spotting sales. Years later, he found himself spending a ton of baby products and groceries when he had a family. And comparing prices between grocers wasn’t an easy feat.

Hospitality 63

Hospitality Retail Start-ups Sales 63

PYMNTS

APRIL 17, 2018

Samsung is reportedly looking into blockchain technology to manage its supply chain, reports in Bloomberg said on Monday (April 16). The technology conglomerate, which is the world’s largest smartphone and semiconductor maker, is exploring a blockchain-based ledger system to manage its international supply chain. Samsung SDS VP and Blockchain Chief Song Kwang-woo said that supply chain involves the transport of billions of dollars worth of goods every year.

Non-Profits 55

Non-Profits Transportation Manufacturing Technology 55

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APRIL 17, 2018

The financial crisis that rolled through the economic landscape a decade ago was — among many things — a financial reset button. Interest rates plummeted as the Fed held the federal funds rate at zero in the hopes of stimulating lending in an environment where credit went from dangerously free-flowing to dangerously non-existent in the span of a few months.

accounting and finance 55

accounting and finance Finance Start-ups Texas 55

PYMNTS

APRIL 17, 2018

Amid the data privacy -related headlines that have been dominating Facebook ’s existence as of late, the company is carrying through with its efforts to expand in India, where the social media giant is moving into payments. FactorDaily reports that the company’s payments initiative comes through the confirmation of two sources, unnamed, who said the company has been constructing a payments platform.

Construction 53

Construction 53

PYMNTS

APRIL 17, 2018

Walmart, continuing to take on Amazon in the world of eCommerce, unveiled its overhauled Walmart.com website, which Marc Lore, president and chief executive of Walmart U.S. eCommerce, said was a “cleaner” and a “more modern digital shopping experience” for customers in a blog post. According to the executive, the updated Walmart.com will begin to be rolled out in May and will include a new look and feel.

Retail 52

Retail Account accountant accounted 52

PYMNTS

APRIL 17, 2018

TaskRabbit — the freelancer marketplace owned by IKEA, the Swedish furniture retailer — has been the victim of a hack that prompted the company to take its website and app offline Monday (April 16). The Wall Street Journal , citing TaskRabbit, reported the company alerted customers that they should change their passwords as it looks into what it is calling a “cybersecurity incident.

Retail 52

Retail 52

PYMNTS

APRIL 17, 2018

Mastercard has filed a patent that reveals it might utilize blockchain as a way to protect identity data. The application , which was originally filed in September 2017 and was released by the U.S. Patent and Trademark Office last week, describes how a semi-private or private blockchain could be used to receive and store identity data, including a “name, a street address, tax identification number” and more.

Technology 52

Technology Tax 52

PYMNTS

APRIL 16, 2018

Startups FitPay and NXT-ID are working to take eWallets to the next level. Existing smartphone-based eWallets may have achieved the ultimate convenience, compressing bulky physical wallets into a nice, tidy digital space and enabling consumers to carry just one item when they leave the house. However, for some, phone-based eWallets leave a lot of questions unanswered in terms of security, particularly as hacks and data breaches continue to leave more and more consumer data exposed.

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Speaker: James Kahler, COO of Full Course

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PYMNTS

APRIL 20, 2018

When it comes to getting customers to their destinations, there are no shortage of options available all over the world. Travel was one of the first verticals the internet disrupted, and today there are not only countless platforms aggregating hotel rooms, cruises and flights; there are also an almost equally countless number of platforms that aggregate other travel platforms to make sure the customer can get the best value for their holiday booking.

Gaming 50

Gaming Start-ups Sales Retail 50

PYMNTS

APRIL 17, 2018

A new survey has found that 45 percent of Americans are confused about their credit cards rewards, especially those involving travel. A survey by NextAdvisor found that 54 percent of Americans find frequent flyer miles confusing, while 47 percent are perplexed by hotel loyalty programs. And the rewards system in general is confusing to many consumers.

Education 50

Education Start-ups Finance 50

PYMNTS

APRIL 17, 2018

To offer customers more convenient payment options, Grubhub is adding Venmo to its platform. With the new functionality, consumers will have an easier way to share the cost of a delivery order with friends, Grubhub said in a announcement. Customers purchasing food on Grubhub, Seamless or Eat24 mobile apps will be able to pay for their orders with their Venmo balances, linked bank accounts or debit cards.

Account 49

Account accountant accounted Retail 49

PYMNTS

APRIL 17, 2018

As Apple seeks to bring in more revenue from online services and content, the tech company plans to integrate the technology behind Texture into its Apple News mobile app and develop a premium magazine subscription offering, Bloomberg reported. Apple acquired Texture last month, which offers users subscriptions to more than 200 magazines for a monthly fee of $9.99.

Technology 49

Technology California Gaming 49

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

APRIL 16, 2018

Barclays , gearing up to drive more innovation, and thus profit, in its U.K. business is creating a venture capital-type unit. According to news from Reuters , Barclays has been having a tough time boosting growth in the U.K. and is launching Barclays UK Ventures to turn that around. The unit will be led by Ben Davey, former head of Barclays group strategy.

Non-Profits 49

Non-Profits Technology Start-ups Account 49

PYMNTS

APRIL 16, 2018

There are any number of conclusions one might draw after watching the Facebook hearings on Capitol Hill last week. That most of our elected officials don’t have any clue how Facebook, much less the platform business models that have powered so much innovation across industry segments for thousands of years, work. That Mark Zuckerberg showed remarkable restraint in the face of being asked, repeatedly, over the course of two days and 10 hours, questions that highlighted that lack of understanding.

Transportation 48

Transportation Technology Start-ups Sales 48

PYMNTS

APRIL 17, 2018

No one likes to be kept waiting — especially hungry consumers. And should a restaurant fail to meet their expectations, patrons are likely to head to a faster competitor to get their fill. Now, it seems quick service restaurants ( QSRs ) are considering convenient innovations like interactive kiosks, vending machines and robots as the key to unlocking new food service business.

Technology 47

Technology Texas Retail Maine 47

PYMNTS

APRIL 16, 2018

Coinsecure, a cryptocurrency exchange based in India, said Monday (April 16) that roughly $3 million worth of bitcoin were stolen from the company’s bitcoin wallet. The number of bitcoins stolen, the company said, comes to about 438. Reuters reported that the theft stands among the largest in the country’s nascent cryptocurrency arena and might have the impact of dampening trading activity.

Legal 46

Legal Government 46

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Technology

PYMNTS

APRIL 17, 2018

Enterprise software company Odoo is expanding into the Chinese market to target small businesses (SMBs) in need of enterprise resource planning (ERP) systems. A press release on Monday (April 16) said Odoo has launched a joint venture with Chinese cloud computing firm Inspur to expand into the market. The firm noted it already services Chinese customers, but its current revenue from China is “nothing compared to the size of the market.”.

CPA 46

CPA Sales Technology B2B 46

PYMNTS

APRIL 16, 2018

As Chinese tech companies ramp up their efforts to offer financial services, BlackRock Co-Founder Robert Kapito said that existing Western firms may struggle to compete. “This is a story that I do not think ends very well,” Kapito said at an event in Switzerland, The Financial Times reported. In his remarks, Kapito drew corollaries to show how tech companies have disrupted various industries, saying they could shake up the financial world next. “ Apple was not in the music industry, Google was

Technology 46

Technology Finance 46

PYMNTS

APRIL 18, 2018

Ubiquity of acceptance is payments’ holy grail. It’s an experience that people living in the developed world have learned to expect each time they produce a plastic debit, credit or gift card to use in a store anywhere in the world to pay for something they buy. What makes the experience ubiquitous is the set of standards that card networks have agreed to support so that transacting with those payments products is interoperable and consistent for everyone across the payments ecosystem.

E-commerce 46

E-commerce 46

PYMNTS

APRIL 17, 2018

To support the next stage of the company’s growth, smart kitchen startup Chefling, Inc. has notched $1 million in pre-series A funding from XVVC, LLC. Chefling will use the funding for product development, hiring and marketing, the company said in an announcement. “Chefling’s unique and comprehensive personal kitchen assistant presents an exciting opportunity to gain widespread market adoption,” XVVC, LLC Founder Brian Deutsch said in the announcement.

Technology 46

Technology Retail 46

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Technology

PYMNTS

APRIL 17, 2018

The United States and Britain have accused Russia of releasing a cyberattack that impacted computers around the world and could be used to launch offensive attacks. According to Reuters , the attack was launched on computer routers, firewalls and other networking equipment used by government agencies, companies and critical infrastructure operators globally.

Government 46

Government 46

PYMNTS

APRIL 17, 2018

Traditional lodging doesn’t always fit the bill for business travelers. After a long day of client meetings or conference sessions, business travelers might want to unwind in an Airbnb that feels like home instead of a staid chain hotel room. That option is not always available with the traditional suspects for business travel booking, like travel agents or online travel agencies (OTAs).

Maine 46

Maine Technology 46

PYMNTS

APRIL 16, 2018

Continuing the run of earnings beats for banks, Bank of America announced news on Monday (April 16) that loan growth helped lift results above Wall Street estimates, while digital initiatives showed strong momentum. CEO Brian Moynihan said in the earnings release that “strong client activity, coupled with a growing global economy and solid U.S. consumer activity, led to record quarterly earnings.”.

Sales 46

Sales 46

PYMNTS

APRIL 17, 2018

Socrates famously stated, “The more I know, the more I realize I know nothing” — an appropriate adage for today’s data. Facebook was all anyone talked about last week , but Karen Webster has reason to believe they mostly got it wrong. People keep trying to pigeonhole PayPal as wanting to be a bank , when it wants to be anything but. Meanwhile, banks see their mobile prowess ignored as they grow.

Retail 46

Retail 46

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APRIL 20, 2018

The penny jar is a classic, painless way to save for a rainy day. When people get home from work or school, they can simply empty their pockets of change and put those coins in the jar, where they will soon amount to enough for a shopping trip or a night at the movies or a new bike or whatever “extras” the person wants to enjoy. Of course, the success of the penny jar relies on an assumption that is no longer always true – that is, that people are carrying and paying for things with cash.

accounting and finance 45

accounting and finance Finance Tax Gaming 45

PYMNTS

APRIL 20, 2018

When it comes to keeping restaurant customers happy, convenience is king. Modern diners want what they want, right when they want it — and if they can’t get it from one restaurant, they have no problem walking into another that offers a speedier or more convenient experience. Recent research indicates that diners cite convenience as one of the most important features offered by their go-to establishments.

Technology 45

Technology Retail 45

PYMNTS

APRIL 19, 2018

Restaurants are smart to invest in digital ordering. In 2017, restaurant customers placed more orders digitally than in any other year on record, and projections say those figures will continue to grow in the months and years to come. Now, restaurant payment is also going digital. The most recent issue of the Restaurant Readiness Index reveals that a restaurant’s decision to accept payment methods like QR codes and contactless payments is one of the key factors in determining whether the merchan

Technology 45

Technology Retail Account accountant 45

PYMNTS

APRIL 19, 2018

Data from EMVCo shows that 54.6 percent of all cards issued globally by the end of 2017 were EMV-enabled. In addition, the number of EMV payment cards in circulation around the world increased by 1 billion over the previous 12 months — to a total of 7.1 billion. “Both EMV chip card issuance and EMV chip transactions surpassing 50 percent globally is testament to the increasing maturity of the worldwide infrastructure, and [is] a significant milestone for the payments community,” EMVCo Executive

Technology 45

Technology Account accountant accounted 45

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