PYMNTS

SEPTEMBER 9, 2020

American Eagle Outfitters concluded Q2 with $899 million in cash and short-term investments, marking a rise from $317 million in 2019, after generating $173 million in operating cash flow in Q2. Management noted at the time that online sales had surged 33 percent. in revenue.

Taxes 131

Taxes Retail Branding Report 131

PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Imposing state taxes on out-of-state sellers is now the new normal, she said.

Online 132

Online Taxes Compliance Missouri 132

PYMNTS

JANUARY 11, 2021

anticipates that eCommerce demand for the fiscal 2020 fourth quarter will jump 90 percent to 100 percent in contrast to the fiscal 2019 fourth quarter, according to a Monday (Jan. Moreover, the company noted that retail stores were affected by fewer operating hours in addition to restrictions on store capacity due to government orders. “We

Conference 159

Conference Taxes Retail Operations 159

CB Insights

DECEMBER 15, 2020

Change has been long overdue for the wealth management industry, which is facing growing competition, outdated legacy tech , thinning margins , and an aging client base. Get the free 64-page download to learn how industries are using tech to reimagine nearly every facet of their operations. First name. Company Name. Phone number.

Management 87

Management Fintech Industry Trends 87

Independent Banker

SEPTEMBER 30, 2021

Under Larry Wilson’s leadership, First Arkansas Bank and Trust’s branch on the Little Rock Air Force Base was named the 2020 Air Force Bank of the Year. Community banks operate on a majority of the country’s military installations. Community banks comprise more than two-thirds of the 66 banks operating on U.S. By Judith Sears.

Arkansas 168

Arkansas Community Bank Community Operations 168

Abrigo

FEBRUARY 27, 2020

Abrigo’s 2020 Business Lending Readiness Survey found many bankers are dealing with processes that stymie those efforts. They are routinely experiencing processes that add costs, delay turnaround times, and can lead to inconsistency in pricing and risk management. That’s scale.” 21, 2019 – Jan.

Lending 243

Lending Survey Data System 243

PYMNTS

JUNE 22, 2020

Asset manager Brookfield, which owns stakes in numerous malls, is demanding retailers pay back rent even as the Toronto-based investment group has missed mortgage payments, the Financial Times reported Sunday (June 21). As those centers get back to operating, we expect those collections to recover.”.

Payments 146

Payments Retail Taxes Management 146

PYMNTS

DECEMBER 12, 2019

The content oversight board trust was made for accountability and good governance, to ensure that the funds are managed properly. It will have the role of handling such tasks as ensuring tax compliance, administering payroll and reviewing the annual budget of the board. Brown Brothers Harriman Trust Company of Delaware, N.A

social media 130

social media Delaware Tools Policies 130

Perficient

JULY 27, 2020

Easily found by leveraging Google Analytics or a comparable platform, this information can provide a look back at some historical data from the previous year, enabling you to compare that with a more specific timeframe from 2020. People – Do you have the dedicated employees to staff a B2C operation? Geographic location.

Analytics 332

Analytics Technology Strategy Taxes 332

PYMNTS

SEPTEMBER 3, 2019

Europe’s The Restaurant Group (TRG), which operates over 650 restaurants and pubs across the country, is closing 150 eateries, Financial Times reported on Tuesday (Sept. million pre-tax loss for the first half of this year. Another seven Wagamama locations are planned for 2020.

Groups 109

Groups Taxes Branding Study 109

Abrigo

OCTOBER 15, 2020

The SBA’s Lender Application Form requires lenders to certify that they have “complied with the applicable lender obligations,” including confirming receipt of the borrower’s certifications, receipt of information regarding employee pay and taxes, and the average monthly payroll costs. Credit Risk Management. Learn More. C&I Loans.

Fraud 150

Fraud Lending Los Angeles Taxes 150

TrustBank

APRIL 10, 2020

Any investor who was otherwise required to take a required minimum distribution (RMD) this year can now forgo their 2020 RMD. Foregoing a 2020 RMD allows tax-deferred dollars to remain in an investor’s retirement account. Please consult with your tax and financial advisors. Your business hours of operation decreased.

Taxes 52

Taxes Guidelines Washington Security 52

FirstInternet

NOVEMBER 23, 2020

It’s safe to say that virtually nobody will miss 2020. There’s no doubt that 2021 is going to be unlike any year before it, so whether your goal is to overcome lost revenue from the past year, or looking to build on a surprisingly strong 2020, there are things to consider to increase the potential for a more profitable year ahead.

social media 98

social media Taxes Study Retail 98

Abrigo

FEBRUARY 5, 2021

Takeaway 1 To prevent the kind of fraud that plagued the Paycheck Protection Program in 2020, the SBA has put new measures in place that have created challenges. In addition, several businesses have been flagged as “inactive” even though they have been operational throughout the pandemic. “The mail, Craig said.

Fraud 195

Fraud Lending Taxes Regulation 195

PYMNTS

FEBRUARY 1, 2018

Or, to put it more accurately — the two firms announced yesterday (January 31) that eBay would be stepping into the official role of managing the payments flow between buyers and sellers that PayPal has held for more than a decade and a half. eBay becomes approximately four percent at the end of the operating agreement [in 2020].

Taxes 102

Taxes Operations Management Payments 102

PYMNTS

AUGUST 10, 2020

Diluted earnings per share, which include pre-tax charges of $37 million related to the purchase of Runners Point Group, the German specialty retailer, restructuring of its Eastbay division and costs incurred in connection with the recent social unrest, are expected to be 38 cents to 42 cents per share, down from 55 cents last year.

Report 135

Report New York City New York Washington 135

TrustBank

APRIL 26, 2021

This law passed in 2019 and flew under most people’s radar throughout 2020 because, well, we had a few other things going on in 2020… a pandemic with massive business closures and unemployment, social unrest, a presidential campaign, more social unrest, etc. percent payroll tax on all employee wages, beginning January 1, 2022.

Washington 64

Washington Taxes Idaho Oregon 64

Lex Sokolin

DECEMBER 25, 2019

As 2020 sneaks upon us, it’s the season for predictions and prognostications. a wealth management service from Set Protocol. For example, you could get free financial advice from the Schwab roboadvisor, but you will pay the management fee pn the ETFs from which the portfolio is made. Happy holidays, good people!

blockchain 52

blockchain Bitcoin Software Lending 52

PYMNTS

APRIL 17, 2020

The April 2020 Gig Economy Tracker ® done in collaboration with Tipalti looks at the rapidly forming trends involving gig workers and their revitalized role as business picks up the pieces in the coronavirus pandemic’s aftermath. You cannot expect to pay them net 30 as you would a traditional supply chain. Payments have to be more frequent.”.

Taxes 143

Taxes Maine Policies Payments 143

PYMNTS

JANUARY 14, 2021

The 2020 holiday shopping season is shaping up to be a tale of two kinds of retailers. Nordstrom also said in a statement that it expects shipping surcharges and “premium pay related to the holiday season” to contribute to anticipated weaker year-over-year earnings before interest and taxes for its fiscal fourth quarter.

Retail 153

Retail Online Comparison Report 153

PYMNTS

DECEMBER 30, 2020

Businesses procuring complex services like tax advisory, labor law, system integration and management consulting services were forced to rethink and redesign their workflows at a time when the need for many of these services was immediate. Driving Better Value.

Strategy 171

Strategy Meeting Innovation Taxes 171

PYMNTS

NOVEMBER 2, 2018

After Halloween comes the lucrative holiday shopping season — sorry, Thanksgiving, but you’re only a speed bump — but there are serious questions about how happy the fourth quarter will be for some big eCommerce operators. Management says that the warehouse infrastructure is in excellent shape for the holidays.”. retail websites.

Apple 130

Apple Retail Maine United States 130

CFPB Monitor

JANUARY 9, 2020

The New York Department of Financial Services has sent a letter to the institutions that it regulates requiring each such institution, by February 7, 2020, to provide to DFS a description of its “plan to address its LIBOR cessation and transition risk.” (LIBOR is the acronym for the London Inter-Bank Offered Rate.).

Regulation 78

Regulation New York Management Taxes 78

Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Like most other community bankers, you spent many long nights processing Paycheck Protection Program (PPP) loans, planning how to do business in a pandemic and much more throughout 2020 and 2021. 30, 2020, to Sept. Illustration By blindSALIDA.

Community Bank 144

Community Bank Community Lending Louisiana 144

Abrigo

NOVEMBER 13, 2023

Perform documentation in a centralized operations function so controls are in place to generate exceptions. Make sure to look at lien perfection, tax payments, and insurance. But managing annual reviews for customers with fluctuating credit needs can be tricky. You don’t want to be in that situation.” Profitability analysis.

Analysis 195

Analysis Lending System Survey 195

BankUnderground

JULY 14, 2020

We contribute to a burgeoning literature exploiting transaction level data to analyse consumption changes during the pandemic as in Baker et al (2020) for the US, Carvalho et al (2020) for Spain and Andersen et al (2020) for Denmark. We focus on the time period between 1 January to 26 April 2020.

National 139

National Retail Groups Data 139

PYMNTS

NOVEMBER 23, 2020

According to Wimbish Potter , general manager of SMB payments at Deluxe : “SMBs are the backbone of our country, but [for legacy banks] it's hard … to reach out and say, ‘let me [create] a lending program,’ because they're not seeing the data come in anymore.”. Meanwhile, for many, their primary banking relationships went fallow.

Data 143

Data User Experience Fintech Lending 143

PYMNTS

APRIL 12, 2019

Robotics and automation were areas of focus for both retailers this week as they seek to upgrade their operations in an effort to capture more consumer spend. It really is a refresh, to make the store experience a lot more pleasant,” GlobalData Retail Managing Director Neil Saunders said. told Adweek. Amazon’s ad revenue totaled $3.3

Taxes 100

Taxes Retail Columbus Operations 100

PYMNTS

APRIL 1, 2019

That figure is projected to increase to 43 percent by 2020. . Companies are also turning to digital marketplaces to tap into workers’ expertise while lowering operating costs. . This helps gig workers better manage their finances as they know exactly when their income will be accessible to them. percent being paid instantly.

Payments 183

Payments Survey Online Company 183

PYMNTS

JANUARY 24, 2020

economy to slow down in 2020, although they continue to view the current state of the economy as “good.”. Small businesses are notoriously not that strategic about looking at cash flow, whether managing receivables or payment terms, or making sure they don’t have outstanding balances,” Woloszczuk said. corporations expect the U.S.

Survey 130

Survey System Capital Management 130

PYMNTS

FEBRUARY 14, 2018

He reminded investors that the firm, which had a very rocky start in 2017, managed to end the year with its effective interest yield up by over 200 basis points and its net charge-off rate down by over 100 basis points. We believe OnDeck now has the right foundation from which to drive profitable growth and shareholder value.”.

Taxes 101

Taxes Lending Risk Management Report 101

PYMNTS

NOVEMBER 30, 2020

State mandates have also forced some businesses to close or limit on-premises operations, prompting such merchants to connect with consumers online instead. Because if … they have to go through a long, laborious and taxing process, the likelihood of them staying with you through the process goes down dramatically.”.

Cards 151

Cards Security ATM Data 151

PYMNTS

FEBRUARY 10, 2020

The jousting over eCommerce taxes — especially for U.S. firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small.

Taxes 175

Taxes Illinois Study Operations 175

PYMNTS

SEPTEMBER 12, 2019

The projected 2020 cost of AML compliance across all U.S. Regulators are increasingly taking note, with some seeking to improve AML and anti-tax evasion efforts by prohibiting anonymous crypto transactions. The Cost of Compliance. financial services firms is $26.4 billion, a figure that is set to increase. A report found that the U.S.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

FEBRUARY 13, 2017

For merchants, conducting cross-border trade often means following another nation’s local rules around payment acceptance, compliance, taxes and physical requirements and a host of other factors that vary between borders. percent by 2020. So, what’s a merchant to do? In 2015, a U.S.

Compliance 100

Compliance Taxes Regulation Operations 100

Abrigo

JANUARY 14, 2021

As of December 2020, the Department of Justice (DOJ) had filed at least 41 criminal complaints totaling approximately $62 million in fraudulent loans. Financial crimes units should work closely with lenders and senior management, enhancing training that includes PPP portfolio onboarding and monitoring.

Fraud 195

Fraud Compliance Community Trends 195

FICO

JUNE 21, 2021

Many credit card issuers were faced with making new operational decisions, adapting to new regulations, and providing a safe and engaging customer experience. Since March 2020, the impact of COVID has also influenced spending patterns, payment rates and delinquency levels across revolving bankcard debt. one year earlier in April 2020.

Trends 52

Trends Marketing Payments US 52