In today’s digital age, financial institutions are constantly striving to enhance security measures and protect their clients from fraudulent activities. One such effective tool used by banks is Positive Pay. This innovative banking solution has revolutionized the way businesses safeguard their funds and...
Modern anti-fraud methods bypass check transactions altogether, thus eliminating the need for positive pay cash-management systems. Many companies do this by paying employees bydirect deposit, a system whereby money is electronically deposited directly into an employee's bank account. Another method is...
Accounts receivable (AR) is money your customers owe you for products or services that you have sold. Find out why AR is important and how to track it.
Is Severance Pay Taxable? Previously, severance pay was considered a gray area with regard to taxes. As a result of the U.S. Supreme Court ruling in the case of U.S. vs. Quality Stores Inc., severance pay is now taxable under FICA. ...
"Those will always be present on college campuses," she says. "The question is, how do we create a student who overcomes those challenges effectively?" Experts suggest a range of specific actions and positive shifts that can help ease stress in college students: ...
Normally, that number is positive. But savings rates have been dropping, and many banks now pay less than 1%. Could rates dip into negative territory? Here’s an explainer on negative interest rates, what they could mean for your bank account and if we’re likely to see them in the U....
"You can usually tell when a student is just adding things to add things," she says. "So it's nice when you can see they have really dived deep into an interest or gotten engaged in something that stretches their horizons a little bit." Challenge Yourself Experts advise college applicant...
Paying off your mortgage means that you have 100% equity in your home and no longer have to make monthly loan payments to your lender. Once your loan is paid off, you’ll have to pay your home insurance premiums and property taxes out of pocket, instead of through an escrow account. ...
Is College Worth the Cost? Confidence in the value of education has declined, but having a degree often still has economic and community benefits. Sarah Wood Feb. 20, 2025 A Guide to College Financial Aid Financial aid is any form of funding that helps a student pa...
A fourth phase, digital money, is on the horizon. This includes private digital assets (e.g. bitcoin and stablecoins) and public digital currencies (e.g. central bank digital currencies) that can change how we do banking, and what economic tools policymakers have in terms of fiscal and mon...