PYMNTS

JUNE 10, 2020

News emerged Wednesday (June 10) that the unit isn’t taking any more applications for savings accounts because demand has been so high that the volume is pushing against U.K. Thus far, Marcus has taken in retail deposits of more than 21 billion pounds ($26.8 However, British consumers can still open Marcus one-year fixed-rate accounts.

Accounting 52

Accounting Benchmarking Compliance Banking 52

PYMNTS

MARCH 15, 2019

Anxieties that automation will replace humans have waned in the accounting sector, as industry players begin to realize that technology can actually help accountants play a more important role for their small business (SMB) customers as advisors and guides, rather than replacing their roles outright. Tax reform in the U.S.

Accounting 77

Accounting Accounting Firms Auditing Budgeting 77

PYMNTS

JANUARY 19, 2021

NAB will add Eedenbull’s Q Business platform to its offering to help SMBs track and manage spend, as well as to automate compliance controls. India’s ICICI Bank is adding accounting technology from AlignBooks to strengthen its SMB services. BNL Goes Live With Tink. ICICI Adds AlignBooks Technology. The Czech Republic’s Komer?ní

Banking 136

Banking Reconciliations Compliance Finance 136

Bramasol

SEPTEMBER 26, 2022

For example, shipments of goods are typically billed based on weight, size and distance and customers that maintain subscription accounts with carriers can receive discounts on their shipping costs. Last-mile delivery has become a critical cost factor as retail sales shift from in-store to online.

Transportation 86

Transportation SAP IFRS Compliance 86

CFO Share

MAY 18, 2023

Each taxing body has different requirements, so best practice is to work with a value-added tax compliance accountant. Just like sales tax, VAT is intended to be assessed at the final point of consumption (the retail customer.) tracking and reporting VAT paid on eligible purchases. How do I become VAT compliant?

Sales 52

Sales Tax Planning Compliance Invoicing 52

CFO Share

MAY 6, 2024

With new businesses come new beginnings, and nothing excites accountants like setting up a fresh set of books. Like an artist in front of a blank canvas, brand new books hold limitless possibilities, the chance to shed old byzantine corporate accounting and to step into the future of clean and clear financials.

Practice Management 52

Practice Management Manufacturing Accounting Construction 52

PYMNTS

JANUARY 19, 2021

With so many retail stores closing, they need to be able to provide a way to sell D2C wherever those consumers are online.”. Retailers are entering new markets at a time when regulations are becoming more complex and costly, not less.

eCommerce 128

eCommerce Compliance Invoicing Retail 128

PYMNTS

SEPTEMBER 13, 2017

“Competition is fierce and profit margins are thinner than for any industry except retail,” the publication stated, adding that industry fragmentation and a lack of investment are also troubling trends for the space. “Construction accounting is a little more complex,” he recently told PYMNTS.

Cash Management 51

Cash Management Accounting Construction B2B 51

PYMNTS

JANUARY 8, 2021

Bloomberg notes that such an offering would be unusual, as retail investors generally do not get an opportunity to participate in an IPO at the offering price. Having retail investors buy shares ahead of the opening could also limit the size of the rally of the stock on its first day of trading. The FinTech was valued at around $11.7

Compliance 145

Compliance Communication Startups Retail 145

PYMNTS

JUNE 14, 2017

Online fraud is no small problem for merchants, but a significant number of retailers do not spend enough time on the dual goals of streamlining the consumer data experience while weeding out possible fraudulent transactions. But differing consumer expectations around the issue of security present a challenge for retailers.

Retail 58

Retail Accounting eCommerce Securities 58

PYMNTS

SEPTEMBER 24, 2019

The ruling meant that online retailers could be mandated to collect sales tax — and taxes can be levied by states on firms that do not have physical presence in those states. One consideration is the fact that economic presence within a state means that retailers have to collect and remit taxes in those states.

Retail 46

Retail Economics Compliance eCommerce 46

PYMNTS

JULY 4, 2016

It has identified a regulation – namely the EU’s PSD2 – and created a way for banks to comply with this regulation while outsourcing the heavy lifting of that compliance to Token’s network. “The real big win here is that the technology that the banks put in for the retail customers can be used on the B2B payments side.

Compliance 40

Compliance Profit and Loss Banking Securities 40

Planful

SEPTEMBER 23, 2015

Despite some advances in the application of new costing techniques such as activity-based costing, are management accountants adequately satisfying the needs of managers and employee teams for decision-based cost information? That is, are the accountants still just counting the beans, or are they helping to grow the beans?

Accounting 40

Accounting Business Analytics Valuation Economics 40

Nerd's Eye View

MAY 15, 2024

On April 25, 2024, the Department of Labor (DoL) issued the final version of its Retirement Security Rule (the "Final Rule"), which imposes an ERISA fiduciary standard "that applies uniformly to all investments that retirement investors may make with respect to their retirement accounts ".

Securities 97

Securities Investments Planning Banking 97

PYMNTS

AUGUST 13, 2020

PAAY has rolled out a partner platform to let merchants and payment providers implement and track EMV 3DS, a standard that aims to help prevent unauthorized card-not-present (CNP) transactions, throughout different merchant accounts. Merchants pay $3.13 per lost dollar on average, which marked an increase from $2.94 Merchants pay $3.13

Technology 99

Technology Compliance Retail eCommerce 99

Future CFO

SEPTEMBER 20, 2023

By 2027, new payment methods (instant payments, e-money, digital wallets, account-to-account, and QR code payments) will make up approximately 30% of total volume, with traditional non-cash payments (checks, direct debits, cards, and credit transfers) dropping to around 70% of global non-cash transaction volumes.

Cash Management 52

Cash Management Treasury Credit Risk Compliance 52

PYMNTS

AUGUST 19, 2020

For instance, they can help with compliance, selecting a bank or payment-service provider, enabling account opens, managing settlement and looking at and mediating FX exposure. But Sinha said the treasurer’s role in designing such processes is rapidly evolving.

B2C 80

B2C B2B Retail Treasury 80

PYMNTS

AUGUST 9, 2019

Yet this was compliance-ready, not operationally ready. Additionally, they see potentially 25 to 30 percent of transactions being declined in the short term unless a compliance timeline is agreed upon. . Retailers were excluded from PSD2 completely,” Robinson said. Their views weren’t taken into account. 14 deadline.

Compliance 61

Compliance Banking Retail Accounting 61

PYMNTS

NOVEMBER 10, 2020

Amazon didn’t comment to FT and has in the past downplayed antitrust concerns, pointing to the many retailers with private label goods. . PYMNTS ’ most recent big tech compliance tracker indicates that investigations into Amazon’s business practices as well as other big tech firms have been ongoing in the EU and the U.S. In the U.S.

Compliance 74

Compliance eCommerce Retail Accounting 74

Bramasol

AUGUST 18, 2022

Complying with evolving regulatory requirements around ESG and carbon accounting. On the consumer-facing side, DSE solutions such as BRIM will also be critical for traditional oil & gas retail companies, such as gas station networks, as they navigate the shift away from fossil fuels and install electric vehicle (EV) charging systems.

SAP 80

SAP Compliance B2B Leverage 80

PYMNTS

AUGUST 23, 2019

Emma Waddell will join the company as vice president of financial services compliance, while Joe Rodriguez will serve as lead counsel of financial services, per news from the retailer. “As eCommerce and the compliance teams in its international markets. Department of Justice.

Compliance 59

Compliance Leadership Retail Economics 59

PYMNTS

DECEMBER 30, 2020

Marg ERP, an India-based FinTech connecting small businesses to inventory management, accounting and enterprise resource planning (ERP) technology, has announced a partnership initiative to expand its SMB financial services footprint. Reports in the Financial Express said on Monday (Dec. Reports in the Financial Express said on Monday (Dec.

B2B 70

B2B Compliance Accounting Planning 70

PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. Certainly, the use and availability of cryptocurrencies is another emerging area that is contending with its own unique set of compliance issues, but it is also one Wingert said appears to be closing gaps in regulation.

Compliance 108

Compliance Prioritization Securities Banking 108

PYMNTS

DECEMBER 27, 2019

Incontinent adults frequently become homebound and isolated, avoiding socializing or even visiting doctors if they do not have enough clean diapers, Adam Greenberg, president of incontinence products retailer NorthShore Care Supply , said in a separate PYMNTS interview. “If Managing compliance. Sales taxes’ price tags.

Compliance 58

Compliance Auditing Sales Retail 58

CFO Talks

AUGUST 24, 2022

Welcome to this SAIBA CFO podcast, SAIBA is the South African Institute of Business Accountants, it has more than 12 000 members and specialises in a wide range of disciplines such as accountancy and tax, training and development, career enhancement, legislation and financial reporting.

Auditing 98

Auditing CFO Accounting Concentration 98

PYMNTS

DECEMBER 28, 2018

Researchers this year released new data on banks’ KYC adherence that highlights just how imperative it is that the financial services industry is able to more adequately address the challenges of compliance. They must have these records readily available for the regulators, and beyond that, refresh them each year.” ” .

Banking 74

Banking Compliance Prioritization Accounting 74

CFO Share

AUGUST 5, 2021

The difference between cost of goods sold and ordinary business expenses is well defined in Generally Accepted Accounting Principles (GAAP) but routinely ignored by small business bookkeeping services. Proper cannabis accounting must recognize these costs on regular financial statements to comply with 280E tax code.

Forecasting 96

Forecasting GAAP Profit and Loss Accounting Principles 96

VCFO

APRIL 21, 2022

Gary is a finance professional with more than 45 years of expertise in business development, global accounting, and process improvement across multiple industries. Gary is also a Certified Public Accountant. vcfo is delighted to announce that Gary Golden has joined the vcfo Dallas team as a Consulting CFO. About vcfo.

CFO 52

CFO Strategic Planning Auditing Leadership 52

CFO News Room

NOVEMBER 5, 2022

Notably, while an office of supervisory jurisdiction is subject to an annual inspection by the parent brokerage, the new RSLs would only be subject to examination once every three years (reducing the compliance burden on the brokerages, as a growing number of RSLs would expand the number of locations requiring inspections).

Mergers and Acquisitions (M&A) 130

Mergers and Acquisitions (M&A) Profit and Loss Investments Valuation 130

Corporate Finance Lab

NOVEMBER 26, 2021

How to reconcile the different goals of information requirements (short, comparable and understandable), taking into account regulatory and liability risks? How to reconcile the different goals of information requirements (short, comparable and understandable), taking into account regulatory and liability risks?

Investments 54

Investments Compliance Accounting Planning 54

PYMNTS

JANUARY 15, 2021

But those same payments mechanisms must be in compliance with various regulatory and legal frameworks. As to the mechanics: The OCC's interpretive letter indicates that banks and savings associations will be able to create and issue stablecoins, utilizing them with accounts and for a range of transactions.

Compliance 101

Compliance B2B Banking Treasury 101

PYMNTS

SEPTEMBER 24, 2020

China and India alone account for roughly half of the globe’s smartphone-using population. In Malaysia, for example, the government has set aside the equivalent of $108 million USD to spur small businesses and retailers to accept digital payments — and gave millions of individuals one-off incentives to spend via digital wallets.

Compliance 98

Compliance Accounting Advertising Budgeting 98

Bramasol

JULY 14, 2022

The report also sees a "trend of data fabric initiatives across all industries — including financial services, retail, healthcare, manufacturing, oil and gas, and energy — as organizations continue executing their digital transformation initiatives.". DSE is Increasing Data Volume, Velocity, Density and Complexity.

SAP 77

SAP Compliance Leadership Healthcare 77

Planful

APRIL 28, 2015

In the last few decades, management accountants have made significant strides in improving the utility and accuracy of the costs they calculate and report. In order to understand this widening gap, and more importantly how accountants can narrow and ideally close the gap, let’s examine the broad landscape of accounting.

Accounting 40

Accounting Cost Analysis Forecasting Budgeting 40

PYMNTS

OCTOBER 9, 2018

Bitwala is teaming up with Germany-based solarisBank to roll out a blockchain bank account, CoinDesk reported. ” Bitcoin miners might be challenged to make a profit amid the increasing retail price of electricity, The Next Web (TNW) reported.

Accounting 46

Accounting Planning Banking Retail 46

PYMNTS

MARCH 17, 2020

As more firms worldwide push for workers to hunker down from home in order to fend off the spread of the coronavirus , people are advised to be vigilant of online fraudsters, according to Compliance Week. But hackers who thrive on fear can easily tap this upset and steal account numbers, passwords and other identifying information.

Compliance 52

Compliance Forecasting Retail Numbers 52

PYMNTS

AUGUST 9, 2019

Many European merchants are grappling with unanswered questions regarding PSD2 Strong Customer Authentication (SCA) compliance, even with the regulation’s implementation nearly a month away. The association includes retail members all across Europe, including Carrefour, Coop and Amazon. Their views weren’t taken into account.

Compliance 43

Compliance Retail Banking Securities 43