Sat.Feb 01, 2020 - Fri.Feb 07, 2020

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Google Quits Cookies As Data Privacy Regs Show Fangs

PYMNTS

Looks like the digital advertising and marketing sectors are in for a reckoning. How that will affect merchants’ online promotional activity hangs in the balance. That’s the scoop as 2020 opens, with privacy skirmishes turning to full-scale war on browser cookies. As we know, mostly anonymous corporations have been collecting consumer data online for years, usually without explicit permission, selling it or using it for ad retargeting and personalization.

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5 Tax Saving Strategies for Small Businesses

SingleTrackAccounting

We are starting down the third year of the Tax Cuts and Jobs Act and tax savings are all around us. Every year the standard tax brackets increase with inflation. Here’s a breakdown of the 2020 tax brackets. . No matter which bracket you fall in, there are multiple ways to cut down your tax bill and take advantage of savings. Here are 5 tax saving strategies for small businesses.

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Danny Charles Joins KSM as Director in Transaction Services Group

Katz,Sapper&Miller

Katz, Sapper & Miller is pleased to announce Danny Charles has joined the firm as the newest director in its Transaction Services Group.

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What Is a Lookback Period for Forms 941 and 944?

Patriot Software

Do you know how often you need to deposit federal income, Social Security, and Medicare taxes? You can’t deposit the taxes whenever you feel like. Your deposit frequency is based on a lookback period. So, what is a lookback period? What is a lookback period? A lookback period is the time frame employers use to […]. The post What Is a Lookback Period for Forms 941 and 944?

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Planning Your Restaurants Path to Profitability

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.

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WhatsApp Pay Gets Approval For Phased India Rollout

PYMNTS

Almost two years after its experimental run, the Facebook-owned messaging service WhatsApp has received regulatory approval for its WhatsApp Pay platform in India. The National Payments Corporation of India (NPCI) provided the firm with permission to put WhatsApp Pay into operation in a phased manner, The Business Standard reported. . The NPCI’s green light comes after approval from the Reserve Bank of India (RBI).

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Central Bankers Set April Meeting To Talk Digital Money

PYMNTS

Central bank leaders from six countries and the Bank for International Settlements (BIS) have planned an April meeting to discuss digital currencies and the parameters involved for launching their own, the Nikkei Asian Review reported on Thursday (Feb. 6). In January, the central banks of the U.K., Switzerland, Sweden, Canada and Japan, as well as the European Central Bank (ECB), partnered with the BIS to collaborate on the development of central bank digital currencies (CBDC).

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Blockchain-Powered B2B FinTech Roars Back With VCs

PYMNTS

It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. In PYMNTS’ latest B2B venture capital roundup, which yielded $75 million in new funding, startups embraced distributed ledger technology for B2B payments and supply chain management, with 80 percent of total funding landing at blockchain companies.

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How FinTechs View Emerging B2B Payment Innovations In 2020

PYMNTS

FinTechs are keeping an eye on emerging technologies at the beginning of the year — and predicting how they will impact business-to-business (B2B) payments in 2020. AvidXchange CEO and Co-Founder Michael Praeger, in one case, told PYMNTS that “AI [artificial intelligence] and machine learning have already made huge waves in the payments space, but I think we’ve yet to see their full impact, particularly as it relates to real time and cross-border payments.

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Banking-As-A-Service’s Secret Sauce

PYMNTS

Remember that old term “banker’s hours?”. That term, which fairly or unfairly suggested that banks were centers of slow-moving progress and relatively easy professional work, is long gone. Indeed, banks represent a significant and necessarily vital part of the massive changes taking place all around the world in financial services and payments — moves that are happening at increasing, even real-time, speeds.

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Grubhub Pays The Price Of Keeping Its Customers

PYMNTS

The year 2020 is off to a rocky start for food delivery platform Grubhub. Shortly after the new year began, rumors started circulating that Grubhub — facing increasingly stiff competition in a crowded food delivery service market — was actively seeking a buyer , as it had seen falling market share and rising costs. Reports indicated that the firm had gone so far as to hire financial advisors to guide it through the potential transition.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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New EU Card Rules Could Confuse Customers

PYMNTS

The European Union has issued new rules for contactless payments, which has caused confusion and forced one digital bank to issue new cards, according to a report in the Telegraph. The move could potentially affect 57 billion euros ($62.4 billion) in revenue to businesses throughout Europe. The Strong Customer Authentication (SCA) regulations say a bank has to verify a person’s identity whenever they make a payment that totals 100 euros ($109.45).

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New UK Farmers’ Bank Gets License, Funding

PYMNTS

A new British bank that will launch later in 2020 is aimed at securing funding for farmers, according to a report. Oxbury, based in Chester, is going to offer specific products for British farmers, as well as savings accounts for the general public and businesses. The bank secured its license from the Bank of England’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). .

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Nike Teams With Geek+ For Robotic Same-Day Delivery In Japan

PYMNTS

Smart logistics provider Geek+ announced a same-day delivery partnership with Nike, which will provide advanced robotics solutions for the athletics company’s new distribution center in Japan, according to reports on Wednesday (Feb. 5). The partnership will allow more than 200 robots to deploy from the Geek+ “goods-to-person P series line,” which will carry Nike’s products directly to warehouse workers.

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Breaking Batch (Payments): BNP Paribas On APIs And Making B2B Payments Faster

PYMNTS

Application programming interfaces (APIs) may be underutilized in business and financial sectors. Recent surveys have found that many bankers and small business (SMB) owners are unaware of how to use business-to-business (B2B) APIs securely and optimally. A survey of Hong Kong and Singaporean bankers, for instance, found that 23 percent are wary of adopting APIs because of unclear regulations.

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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BOJ: 40 Pct Of Japan’s Financial Firms Victims Of Cyber Attacks

PYMNTS

Ahead of hosting the 2020 Olympics in Tokyo this summer in July and August, Japan’s financial institutions have been cautioned to be especially on guard for cyber attacks throughout the year, according to Reuters. The very real threat of a major incident has compelled the Bank of England and other international central banks to be extra vigilant against a potential attack.

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Air Canada Customers In The Country Can Now Use PayPal

PYMNTS

Air Canada has announced that it is introducing a brand new payment option for Canadian customers when they’re buying tickets on aircanada.com: PayPal. Customers can use the payment option to buy tickets and pay with whatever payment they prefer that’s linked to PayPal. “Air Canada’s strategy is to continually provide customers the opportunity to make their purchase using their preferred method of payment,” said Keith Wallis, senior director of Payments and Distribution at Air Canada.

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Mastercard, Pine Labs And The Global Buy Now, Pay Later Explosion

PYMNTS

A quick survey of the most recent edition of the PYMNTS Buy Now, Pay Later Tracker indicates that a genuine sea of change is rising when it comes to how merchants want to interact with their customers, and how consumers want to manage their transactions. And it is something that one can observe all over the world in a variety of forms — the 30 percent of Australian consumers that have already signed on for Buy Now, Pay Later accounts; or in the increasing share of millennials and Gen Z who rep

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APIs May Be The Key To Singapore’s Open Banking Future

PYMNTS

Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore, where legacy institutions have traditionally dominated. This prospective growth can largely be attributed to the Monetary Authority of Singapore (MAS), the region’s main regulator, which announced in June 2018 that it would grant five digital banking licenses to third-party companies.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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How HR’s Self-Service Shift Drives Payroll To Unlock Data

PYMNTS

As open banking frameworks continue to encourage bank-FinTech collaboration , the financial services market is exploring new ways to unlock data — not only with banks, but with each other. That means financial functions beyond banking are taking advantage of application programming interface (API) data integrations, with productivity gains particularly large for business end-users of these products and services.

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Stripe Powers Digital, In-Store Payments For Lightspeed Retail, Restaurant Customers

PYMNTS

Canadian global point-of-sale (POS) and eCommerce firm Lightspeed is teaming up with Silicon Valley payments platform Stripe to advance in-store and online payments for retailers and restaurants in the U.S. and Canada, the companies announced on Thursday (Feb. 6). . In order to offer payment functions to its customers, Lightspeed incorporated Stripe Connect — Stripe’s product for platform payments — and Stripe Terminal, Stripe’s programmable POS.

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UPS Looks To Drones To Speed Up Delivery

PYMNTS

In a move to compete with Amazon in the competitive consumer delivery space, UPS plans to use drones and other tactics to complete shipments faster, according to reports. The company is also looking into extending its hours of operation and deploying autonomous delivery automobiles. “In 2019, UPS launched more new services and operational innovations than in any year in the company’s recent history,” said UPS Chairman and CEO David Abney.

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SEC Proposal Would Allow Token Sales Under Current Securities Laws

PYMNTS

Hester Peirce, a financial regulator at the U.S. Securities and Exchange Commission (SEC), said that tech startups may be able to raise money using digital tokens under current law, but that there would be stipulations, according to a report by Reuters. Tech firms will have to create a transition plan after a three-year period that illustrates whether the digital coins will be able to be traded in a “decentralized” framework.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Uber Eats Adjusted Net Sales Surge 154 Pct, Freight Logs 75 Pct Gain

PYMNTS

For Uber , black ink on the road ahead? The ride-hailing giant, extending its platform model into adjacent businesses such as freight and food delivery, is aiming to deliver a profit earlier than might have been anticipated — as in, the end of this year. Adjusted revenues were $3.7 billion, representing a 42 percent gain, and that number was in line with expectations.

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Amid Digital Payments Boom, Google’s (Re)Charge Into India

PYMNTS

For Google — and specifically for Google Pay — India’s continued push into digital payments offers a tremendous greenfield opportunity, and perhaps a roadmap to help shape (digital) go-to-market efforts in other parts of the globe. Amid several months of new service and product rollouts and refreshes spanning several months, Google said earlier this week that it has debuted a new feature that lets users in India browse mobile device plans and recharge prepaid plans using Google Search.

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Airwallex, Visa Team For Borderless B2B Card

PYMNTS

FinTech unicorn Airwallex is partnering with Visa to introduce a borderless card for businesses, the companies announced on Wednesday (Feb. 5). The Airwallex Borderless Card is being debuted in Australia after being introduced at the innovation festival Pause Fest 2020 taking place in Melbourne Feb. 5-7. Later in 2020, the card will roll out in other locations, including the U.K. and Hong Kong.

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U.S. Legislators To Figure Out Autonomous Car Laws

PYMNTS

An Energy and Commerce subcommittee in the U.S. House of Representatives is going to get together Tuesday (Feb. 11) to figure out self-driving car legislation, according to a report by Reuters. The committee will listen to a few trade groups from automakers and technology companies, as well as a transit official from San Francisco and a few different safety advocates.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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Why Consumers Are Firing Traditional Retailers

PYMNTS

“Jobs to be done” – a theory popularized by the late Harvard Business School Professor Clayton Christensen – is the notion that consumers don’t buy products , but they hire them to perform a task they need done. Extending that analogy to retail, one could look at the data on the decline of mall and retail store foot traffic, the increase in retail store closures and bankruptcies, and disappointing retail sales and margins in an economic environment of increased consumer spending, and might concl

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Tinder Owner Looks To Competitor About Possible Takeover

PYMNTS

Match Group Inc. , the dating service that owns Tinder, has approached a rival, Meet Group Inc. , about a possible takeover, according to Bloomberg. The decision wasn’t final on Thursday, but Dallas-based Match Group could eventually decide not to go forward with a deal. The sources for this information weren’t revealed as the matter wasn’t public yet.

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U.S. Hiring Remains Strong With 225K Jobs Added

PYMNTS

January saw gains in U.S. employment as more people joined the labor market, according to a report by The Wall Street Journal. Employers added 225,000 jobs, according to statistics from the U.S. Department of Labor released Friday (Feb. 7). The unemployment rate went from 3.5 percent in December to 3.6 percent in January as more Americans are job hunting.

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Consumers’ Appetite For Home DNA Testing Wanes Amid Privacy Concerns

PYMNTS

The busy business of home DNA facing its first major test, as consumer demand for the products is beginning to dim. The issue was surfaced by the announcement of the leading firm in the segment, Ancestry.com, which announced across-the-board layoffs earlier this week. The news of the firm’s shrinking workforce was paired with a blog post from President and CEO Margo Georgiadis that affirmed the slowdown.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.