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A top-rated keynote speaker and advisor to startups and Fortune 500 companies, JP has been named to multiple lists as a top influencer and thought leader, including: FinTech influencers you should be following in 2017 (#15), Top FinTech Influencers in the United States of America (#5), and FinServ 25: The Most Influential Voices in Banking.
And, the Canada Revenue Agency (CRA) is implementing new tax rules for life insurance that will take effect on January 1, 2017. If people buy a life insurance policy now, they will have more freedom to deposit a lump sum of money to pay for a premium.
What’s New in QBO: December 2018 — QuickBooks Blog — New in QBO: 1) Next-day credit card deposits in QuickBooks Payments, 2) Auto-collected contractor W-9s, and 3) Automate routine tasks in QuickBooks Online. The 30 Fastest Growing Business Apps in 2018 — Zapier — Chatbots were everywhere in 2017—only to fall off the zeitgeist in 2018.
The NACHA saw the immediate success of Same-Day ACH after launching in 2017. At the end of Q2 2018, the NACHA reported Same-Day ACH payments increased by 243 percent since Q2 2017. Other options include using a third-party validation service, customer sign-in, or testing with micro-deposits for the receiver to verify the transaction.
In AFP’s 2017 Payments Fraud and Control survey , FBI is warning companies about the most recent fraud attack on the rise: Business Email Compromise (BEC) scams. Treasury Management Systems are not one size fits all The 2017 Deloitte Global Corporate Survey focuses on the importance of a strong Treasury Management System (TMS).
JP has been named to multiple lists as a top influencer and thought leader, including: FinTech influencers you should be following in 2017 (#15), Top FinTech Influencers in the United States of America (#5), and FinServ 25: The Most Influential Voices in Banking. They’ve used it for everything from disruption to losing market share.
Invoices must be manually created, printed, and mailed; then you wait for the customer to open the envelope, enter the invoice into his or her own system, process the invoice, print a check, and mail it to your company; then your staff has to open the envelope, deposit the check, and match the payment to the outstanding invoice.
They’re leveraging EFT (Electronic Funds Transfer) payments with direct deposit and auto draft for subscription services. In 2017, the National Automated Clearinghouse Association, the organization responsible for maintaining the Automated Clearing House (ACH) network, took steps to bring same-day ACH fund availability to the mainstream.
Blake Oliver: [00:21:59] So, all this real-time deposits thing is getting bigger and bigger because we were just talking about this last episode. David Leary: [00:30:45] They were founded in 2017. He'll charge you through Jobber, and they're using Stripe, and it's gonna be in his bank account in seconds, even on non-business days.
If you've ever tried to get your clients' Stripe, Square, or PayPal transactions into QuickBooks or Xero, you've probably pulled your hair out a few times trying to get income and fees recorded correctly so that the deposit amounts match the bank statement so you can reconcile. They graduated from Techstars Austin in 2017.
They have 60 million direct deposits they can do. Interesting fact - Kabbage, in 2017 - raised $250 million from SoftBank. We're covering a lot, including problems with the SBA Paycheck Protection Program (PPP); how the IRS can only print 5 million checks per week; and what makes Mnuchin's direct deposit website a fraud paradise.
Stay tuned to hear more from our sponsor, Liscio, later in the episode. Blake Oliver: [00:00:28] Back in 2017, not that long ago, the AICPA did a demographic trends report, finding that nine percent of students enrolling into accounting bachelor's programs are Black. At least 1,020 duplicate deposits were issued for PPP.
If you've ever tried to get your clients' Stripe, Square, or PayPal transactions into QuickBooks or Xero, you've probably pulled your hair out a few times trying to get income and fees recorded correctly so that the deposit amounts match the bank statement so you can reconcile. Then, what they did is they turned it off.
I know we've been thinking, oh, it's gonna be 2016, 2017. Blake Oliver: [00:17:20] Yeah. Direct deposit volumes are surging three times, up to 14 million customers. There's been a decline- now, they're okay with it because they expected this to happen because of their business strategy. Is this finally the year? You said it.
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