News Feed

John Adams
May 8, 2020 2:07 PM

When Fiserv purchased First Data in 2019, it was part of an industrywide push to combine bank and merchant technology under one roof. A year later, a key piece of First Data’s technology — and its top executive — have become Fiserv’s path through the coronavirus crisis.

4 Min Read
department-of-labor-6-bloomberg.jpg
Michael Cohn
May 8, 2020 10:38 AM

Accounting and bookkeeping shed over 67,000 jobs in the month of April, according to the Bureau of Labor Statistics.

3 Min Read
John Adams
May 8, 2020 10:36 AM

A mix of consumer debt and economic anxiety is shining a light on firms that offer alternatives to revolving credit. This, in turn, creates a chance to further tie financing directly to checkout.

3 Min Read
John Adams
May 8, 2020 12:01 AM

One of the selling points behind multi-account payment cards is the ability to shift spending on the fly or shortly after shopping, such as to fund a recent purchase with loyalty points. During the pandemic, this feature may become a key financial management tool.

3 Min Read
PPP loans by state
Kevin Wack
May 7, 2020 9:30 PM

Up to 12% of loans under the $660 billion small-business rescue program could be tied to misleading or completely phony applications, fueling concerns about lenders' potential liability.

8 Min Read
The H&R Block, Inc. logo is displayed in front of the company's flagship office in New York, U.S., on Friday, March 3, 2012. H&R Block, Inc. provides tax services to the general public, accounting and consulting services, and consumer financial and personal productivity software. Photographer: Scott Eells/Bloomberg
Jeff Stimpson
May 7, 2020 6:25 PM

The tax prep chain is offering consulting services starting at $99.

1 Min Read
Treasury Department building
Michael Cohn
May 7, 2020 6:15 PM

The decision, prompted by requests from a bipartisan group of lawmakers, reverses previous IRS guidance.

2 Min Read
Yvette Shields
May 7, 2020 3:50 PM

New report says hospitals lost a total of $1.44 billion a day between March and mid-April.

4 Min Read
Miriam Cross
May 7, 2020 3:47 PM

Through its partnership with SpringFour, a fintech BMO Harris mentored in 2017, the Chicago bank is referring customers — including many hurt by the pandemic — to reputable nonprofits to help with job training, financial assistance and more.

3 Min Read
AICPA building in Durham, N.C.
Michael Cohn
May 7, 2020 3:06 PM

The American Institute of CPAs’ Professional Ethics Executive Committee has decided to postpone the effective dates for three of its ethics interpretations in its Code of Professional Conduct for one year, due to the impact of the novel coronavirus pandemic.

5 Min Read