Christmas Club accounts (or Holiday Club accounts) are short-term savings accounts offered by financial institutions to help consumers set aside money for holiday expenditures. These accounts take a designated amount from each paycheck throughout the year and set it aside in the holiday account. This amount could be as small as 5 or 10 dollars per paycheck.
Thanksgiving and Black Friday are just around the corner! Traditional Black Friday proceedings will undoubtedly be different this year, however, research from Periscope by McKinsey reveals that Black Friday will still be the most popular shopping event this holiday season.
While the number still remains small, the amount of Paycheck Protection Program (PPP) fraud cases continues to rise.
PPP loans have provided a much-needed lifeline to many small businesses, non-profits, and sole proprietors during the Coronavirus pandemic, however the rushed creation of this program is starting to show its negative side effects. Just this week, we’ve seen two new arrests in relation to PPP fraud.
Prior the coronavirus outbreak, there was a growing rate of stores and businesses no longer accepting cash. While this may seem like a natural progression as technology and digital banking grow, this cashless model was actually met with a lot of backlash. Just six months ago in January 2020 (which may feel like years to many of us), New York passed a bill banning businesses from rejecting cash payments nearly unanimously.
Mark Cuban, Citizens Bank of Edmond and Teslar Software Team Up to
Help All Small Businesses with PPP Forgiveness
Group collaborates to launch free website that simplifies and streamlines PPP forgiveness for small businesses, regardless of lender
This school year, the celebrations are limited, but the appreciation has exponentially increased as parents and caregivers across the nation have walked a mile in the shoes of a teacher. Between Zoom meetings, AMI packets, communications with parents, and supporting and caring for students, teachers are still working hard in the background, supporting their students and families as much as ever.
There are two legitimate concerns when thinking about reopening the country: the physical health and well-being of citizens and the economic health and well-being of citizens. President Trump’s initial hope to see the country reopened by Easter was met with a lot of backlash from healthcare professionals and economists that said it was too soon and would wind up doing more harm than good. While obviously that date has come and gone with no uplifting of shelter-in-place and other social distancing orders, the push to reopen sooner than later is not unfounded. Yesterday, the president announced the ‘Opening Up America Again’ plan aiming for May 1st.
The Teslar team had an amazing time in Orlando, FL last week at the ICBA Live conference! Conference attendees Joe Ehrhardt, CEO, Account Executives Colin Savells and David Hamrick, and Director of Marketing, Courtney Martin sat down to discuss their favorite parts of the event.
There are two types of relationships with technology: digital immigrants and digital natives. Digital immigrants are those who have integrated into technology and did not grow up with it, like today’s older generations. Digital natives are younger people, mostly children and adolescents, who were born into technology. As digital natives are entering adulthood, we’re seeing a shift in the “American Dream.” Young people are becoming more and more detached from tradition. Less people are getting married, buying homes, having children, attending church, or joining political parties, among other things.
“Fintech” is defined by the Oxford Dictionary as “computer programs and other technology used to support or enable banking and financial services.” This takes shape in a broad array of products and services.