PYMNTS
JUNE 8, 2020
United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. Low interest rates, he said, were the main enticement for people to come and join a new bank — but they would be obsolete in competition against an official digital currency, which could easily process a digital payment the same way.
MyIRSRelief
JUNE 9, 2020
IRS has provided updated instructions to taxpayers with respect to the effects of coronavirus – COVID-19 on offers in compromise (OICs). IRS has the authority to compromise a taxpayer’s tax liability. An OIC is an agreement between the taxpayer and IRS that compromises a taxpayer’s tax debt for less than the full amount owed. IRS will accept an OIC when it is unlikely that the tax liability can be collected in full and the amount offered by the taxpayer reasonably reflects the taxpayer’s c
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CapataCPA
JUNE 12, 2020
Orange County Grant Small Business Relief ProgramWould you like a grant of up to $10,000 from Orange County to help your small business? Read this today—help may be on the way! In general, the grants require that your business was affected by the COVID-19 Pandemic. The qualifications are generous, and different programs have different application. The post Orange County Grant Small Business Relief Program appeared first on CPA firm in Orange County, CA | CAPATA.
RLLeaders
JUNE 10, 2020
I recently had the privilege to join the wonderful team over at The Leadership Podcast to discuss leadership and a slew of other topics. Here are some of the takeaways, along with the full recording below. The Leadership Podcast – We Study Leaders · TLP206: Prisoners of Our Own Perspective. [3:45] If you don’t have revenue, you’re not a business.
Speaker: Victor C. Barnes, CPA, MBA
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.
PYMNTS
JUNE 12, 2020
As the use of mobile banking apps surges due to the limited access to banks amid the COVID-19 pandemic, the FBI is warning users to beware of cyber attacks.
Katz,Sapper&Miller
JUNE 11, 2020
The dark cloud called COVID-19 has been hanging over the nation’s economy for months. It has disrupted every point in the supply chain and has affected every level of engagement within companies themselves. But in the midst of this massive disruption, we’re starting to see a silver lining. COVID-19 has forced organizations to innovate – to reinvent presence, productivity, and collaboration.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
JUNE 7, 2020
Chuck E. Cheese , the popular food and games chain, is talking to investors about ways to raise money to avoid filing for bankruptcy, The Wall Street Journal reports. The chain has also approached lenders in the past few weeks to feel out possible interest in a $200 million loan to help pay for a stay in bankruptcy, a source said, as reported by WSJ.
PYMNTS
JUNE 12, 2020
Trillions of dollars in federal COVID-19 stimulus payments are being disbursed through paper checks, prepaid debit cards and direct deposit
PYMNTS
JUNE 10, 2020
TikTok , the popular Chinese short-form mobile video app, is facing more scrutiny over its privacy policies, Bloomberg reported. The EU’s investigative unit will form a task force to examine TikTok’s activities across the 27-nation bloc following a request from a lawmaker concerned about its data collection and its security and privacy risks. EU authorities can fine companies for violations under the General Data Protection Regulation (GDPR).
PYMNTS
JUNE 11, 2020
Singapore-based cross border-payments platform TranSwap will partner with Currencycloud , which provides B2B embedded cross-border solutions, to let businesses collect and hold numerous currencies in the U.S., U.K., EU and other countries, a press release states. By using Currencycloud Spark, TranSwap will be able to offer the Global Borderless Virtual Account (GBVA) to customers, enabling funds to be held in 34 currencies and allowing more flexibility for cross-border payment solutions, through
Speaker: Kim Beynon, CPA, CGMA, PMP
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.
PYMNTS
JUNE 9, 2020
Physical brick-and-mortar retail was suffering long before the pandemic. As the great shift to digital continues, the last three months have shown that consumers are not only used to conducting commerce in bits and bytes — they like it. Consider the findings of a PYMNTS consumer survey , where 42 percent of consumers are engaging in even the most routine activities online, and as much as $158 billion in brick-and-mortar sales are moving to digital channels.
PYMNTS
JUNE 12, 2020
If restaurants, bars and cafes come roaring back after months of being shuttered worldwide, LG Electronics could be one of the big winners. The South Korean global electronics company headquartered in Seoul has partnered with online food delivery platform operator Woowa Brothers and the Korea Institute for Robot Industry Advancement (KIRIA), an incubator for robot startups, to develop robot waiters, LG announced Friday (June 12).
PYMNTS
JUNE 11, 2020
To say that voice technology is having its moment in the global pandemic’s aftermath isn’t quite accurate. The sector has actually been having its moment for much of the past decade in terms of adoption among consumers and exponentially growing interest among companies that want to connect with them. But Todd Mozer , CEO and chairman of voice technology firm Sensory , told Karen Webster recently that the sector is enjoying a once-in-a-lifetime moment in terms of its potential for expansion.
PYMNTS
JUNE 12, 2020
For housing, the great snapback? As stock markets whipsaw (the Dow was off more 6 percent on Thursday), as the Federal Reserve sees mid-single-digit economic contractions and unemployment remains at double-digit percentages, the homebuying market has decided to shake it all off. Redfin reported last month that homebuying is up more than 16 percent above levels that had been seen before the pandemic.
Speaker: Mark Gilham, FCCA, CPP
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.
PYMNTS
JUNE 9, 2020
The Federal Communications Commission ( FCC ) is working on facilitating 5G wireless networks across the U.S., according to a press release. The FCC is doing so by looking into how it can speed up the upgrades to existing wireless infrastructure through state and local rules, the release states, in order to provide the high-speed 5G networks which are “critical to expanding economic opportunities and supporting public health and safety in American communities.” In 2012, Congress pass
PYMNTS
JUNE 9, 2020
MoneyGram has been doing well in May, illustrated by a triple-digit percentage increase in digital transactions. The popular money transfer app reported a 100 percent growth increase year-over-year in May, a press release states. That’s a significant jump from the company’s 57 percent digital transaction spike in the first quarter. The growth in May was driven by MoneyGram Online, the company’s direct-to-consumer (DTC) channel, which reported 107 percent growth and over 80 perc
PYMNTS
JUNE 7, 2020
As Americans seek relief from cabin fever after months of shelter-in-place orders due to the pandemic, vacation rentals are on the rise, Bloomberg reported. “People, after having been stuck in their homes for a few months, do want to get out of their houses; that’s really, really clear,” Airbnb CEO Brian Chesky told the news service. “But they don’t necessarily want to get on an airplane and are not yet comfortable leaving their countries.”.
PYMNTS
JUNE 9, 2020
Cybercrime is surging during the COVID-19 pandemic as fraudsters seize on increased online activity to steal consumers’ sensitive personal details. As much as 22 percent of consumers have now been targeted by COVID-19 digital fraud scams, driving a mounting need for new ways to mitigate digital fraud risks. FinTech firms and government bodies are responding to the wave of cybercrime by developing new anti-money laundering (AML) and know your customer (KYC) technologies, particularly those levera
Advertiser: Paycor
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PYMNTS
JUNE 11, 2020
The California agency that regulates ride-hailing companies Uber and Lyft said their drivers are considered employees under the state’s new gig work law, the latest development in the fight over drivers’ status, Reuters reported. In a letter to the ridesharing companies , Douglas Ito, director of the California Public Utilities Commission (CPUC), reminded them of the July 1 deadline to secure workers’ compensation coverage for drivers.
PYMNTS
JUNE 7, 2020
On Friday night (June 5) Google Assistant, the artificial intelligence–powered virtual assistant for mobile and smart home devices, was updated to include doorbell and clothes styler devices, which will soon be available widely, reported 9To5Google. Last month, the Google-focused , online news service reported that as Spring emerged, people are looking for ways to keep cool indoors.
PYMNTS
JUNE 11, 2020
The pandemic is setting the stage to change just about every aspect of running a business. With market volatility and economic pressure higher than it has been in more than a decade, the ways businesses manage and account for their money is inevitably included in that wave of operational change. That means significant implications for the ways accountants and auditors operate both within an enterprise and externally from it.
PYMNTS
JUNE 11, 2020
The COVID-19 pandemic has upended the way businesses and government agencies verify their customers’, clients’ and citizens’ identities. Social distancing restrictions implemented to curb the virus’s spread are preventing compliance professionals from obtaining physical identification documents and holding in-person meetings that typically enforced anti-money laundering/know your customer (AML/KYC) compliance.
Speaker: Cheryl J. Muldrew-McMurtry
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.
PYMNTS
JUNE 11, 2020
The COVID-19 pandemic may have shifted shopping and food delivery patterns, but it has not changed the basic requirements for freelancers looking to find work. Companies still need to find and quickly verify workers and their skills, and freelancers must make sure employers are trustworthy as well. These workers also want to be paid via convenient methods that allow them to keep up with their bills and other financial needs.
PYMNTS
JUNE 8, 2020
With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. A Chapter 11 filing would let the firm maintain the operation of some of its brands as it looks to sell other names and could come as early as July, Bloomberg reported, citing unnamed sources.
PYMNTS
JUNE 10, 2020
In what is seen as the latest marriage between tech and Wall Street, Amazon has partnered with Goldman Sachs to launch a digital credit line for U.S. merchants, CNBC has learned. Here’s how it would work: small and medium-sized business (SMB) sellers on the eCommerce website can access Goldman’s Marcus revolving credit up to $1 million at a fixed annual interest rate of between 6.99 percent to 20.99 percent that can be drawn and repaid like a credit card, sources told the network.
Speaker: Frank Taliano
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.
PYMNTS
JUNE 7, 2020
Facebook has launched, what it calls, a new way to train artificial intelligence (AI) in chatbots. Researchers at the social network giant described how data about human conversations is the key to improve shopping chatbots, according to a technical report shared by VentureBeat. Dubbed “Situated Interactive MultiModal Conversations (SIMMC),” its goal is to allow AI chatbots to show an object and explain what it’s made of in response to images, memories of previous interactions and individual req
PYMNTS
JUNE 12, 2020
To assist small and medium-sized businesses (SMBs) in expanding their operations, Mastercard and Octet Europe rolled out a new trade system throughout the European Economic Area (EEA). The Mastercard Trade Solution, which is fueled by Octet, helps firms trade domestically and internationally by allowing for safe payments, a credible value chain, streamlining of back office work and handling of cash flows per a Thursday (June 11) announcement.
PYMNTS
JUNE 9, 2020
In a move to enhance patient engagement and affordability, Flywire has unveiled new enhancements to its healthcare payments platform amid the pandemic, according to a press release. The firm’s pre-service payment plans let healthcare providers give patients personalized payment options before service, and also offer customizable payment offers that adapt to a patient’s ability to pay to let providers address concerns of those who might be facing hardship due to COVID-19.
PYMNTS
JUNE 8, 2020
The long-term consequences of the digital shift continue to be quantified and qualified. As evidenced by last week’s PYMNTS’ card on file report , consumers are ready and willing to keep their data with retailers, both online and offline, in exchange for frictionless experiences. The big action has now moved to infrastructure, payments and more behind-the-scenes activity that shows the spike in eCommerce is likely here to stay, even post-pandemic.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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