Tag: Pay

Posted in Insurance

Richmond company owner to pay over $2 million in fraud plea

MARTINEZ — The owner of a Point Richmond construction company must pay more than $2 million in restitution and fees, and serve a year of home detention, as part of a plea deal to settle a criminal case involving charges of insurance and payroll tax fraud.

Maurosan Milhomem, the owner of Viking Pavers Inc., agreed to the plea deal Monday. He was formally sentenced to 364 days in jail, though he is eligible to serve the term on house arrest, prosecutors said.

Milhomem was charged with six felonies alleging he evaded more than $2 million in insurance premiums and taxes over seven years. A news release from the Contra Costa District Attorney’s office says Milhomem used a “complex” scheme to avoid making the payments, including using a shell company to employ unlicensed workers.

The crimes were discovered after two employees were involved in a car accident, and Viking Pavers never

Read More
Posted in Money

What is Google Pay, and how do you use it?

Like everything else, the way you pay for anything, from a movie theater ticket to a new car, is changing. Google Pay completely takes your finances and makes them high-tech by allowing you to combine all your accounts in one secure place.

The best part is it turns your phone into your personal banking system, letting you make payments or transfer money in the blink of an eye. Learn all the steps you need to follow to get up and running with this service right now.

Google Pay for smartphones

In iOS or Android, you can use Google Pay within Gmail to send money to any email address — even a non-Google one.  While services vary according to country, you can also request or accept money using Gmail. Whether you’re paying or accepting payment, your information is encrypted and you can easily revoke access to your Google account on

Read More
Posted in Business

How a little-known 1980 law slashed pay for millions of truck drivers and created big-box retail as we know it

An Illinois truck driver in 1940.
An Illinois truck driver in 1940.

Ivan Dmitri/Michael Ochs Archives/Getty Images

  • Today’s network of big-box retailers and online shopping likely wouldn’t exist without the deregulation of the trucking industry 40 years ago this month.

  • The Motor Carrier Act of 1980, passed by President Jimmy Carter, slashed the cost of moving goods by truck.

  • It also eroded one of America’s great blue-collar jobs: truck driving.

  • A truck driver’s salary has decreased by as much as half since deregulation.

  • Visit Business Insider’s homepage for more stories.

When Larry Heine was a working man he drove a truck eight hours a day. He saw his family every night, owned his home, sent both his kids to college, and took his wife on vacation to Hawaii whenever he could land some overtime.

As a member of the Teamsters, Heine was guaranteed good health care and a pension. He retired at 51, receiving a cake

Read More
Posted in Finance

Shopify Signs Onto Affirm’s ‘Buy Now, Pay Later’ Tech

Click here to read the full article.

E-commerce platform Shopify and alternative finance provider Affirm have signed an exclusive deal to bring the latter’s buy-now-pay-later proposition to Shopify merchants, the companies said Wednesday.

Affirm will power the upcoming Shop Pay Installments feature — which, as the name suggests, will allow shoppers of eligible Shopify stores to pay for purchases over time, instead of all at once. The move represents a shift in technology, as Shop Pay currently uses buy-now-pay-later plug-ins, which require some coding to integrate.

More from WWD

“With the acceleration of online spending, many small businesses must reinvent themselves. This includes embracing the rising importance of e-commerce strategies and meeting consumers, particularly young shoppers, where they are,” said Max Levchin, founder and chief executive officer of Affirm.

“By partnering with Shopify, the gold standard of commerce platforms for businesses that want to sell direct to consumers, we can

Read More
Posted in Personal

Payments Industry to Gain From Expansion of Click to Pay

E-commerce has boomed in the past few months, thanks to the COVID-19 pandemic.

As the coronavirus outbreak has been forcing us to stay indoors and increasingly resort to cashless payments, transactions in the form of cards or e-wallets are becoming a norm. Digital payments have been actively rising in the United States as people are making transactions online.

Precautionary measures set by the government compelled people to avoid physical contact, which aggravates the risk of COVID-19 transmission. People are opting for touch-free transactions across different merchants and platforms, even for daily requirements, such as groceries, pharmacies, gaming, recharges and utility payments, etc.

Globally, seven in 10 consumers say the shift to digital payments will likely be permanent and nearly half of consumers plan to go cashless after the pandemic subsides, according to a Mastercard weekly survey launched on Apr 27.

The industry players are gaining traction as digital payments are

Read More
Posted in Money

Don’t pay full price, shop the best cycling shoe deals instead

Cheap cycling shoes might, to some, feel like hypocrisy. Yes, it’s possible to buy cheap cycling shoes that perform the task of clipping your feet to your pedals, but the performance will likely be lacking, and the durability will undoubtedly suffer. 

When searching Google for ‘cheap’ anything, you’re not intending on finding badly made, poor quality products. What you want is good value for money, or the best product within budget constraints. Our pick of today’s best cycling shoes deals is here to help you save money while choosing the best option for you. 

Cycling shoes, while simple in concept, are meticulously scrutinised in operation. Comfort is king but it’s closely followed by stiffness, weight and even style. 

Style is easy to gauge from pictures alone, weight is a simple numerical comparison, and stiffness is comparable to a point but comfort is difficult, especially when shopping online. Cycling shoes are

Read More
Posted in Insurance

Here’s how California will cut pay under each union agreement

Gov. Gavin Newsom’s administration instituted pay cuts across state government in a six-week bargaining sprint that ended July 1.

All of the agreements, which the state Human Resources Department has posted online, use a personal leave program to accomplish the savings. The program institutes immediate savings but the leave time adds to the state’s long-term liabilities.

Under most of the agreements, the state is cutting workers’ pay by 9.23% — the equivalent of two days of work each month — starting with this month’s paychecks. In exchange the state is giving workers two days off they can take whenever they want to, even years from now.

The state also is suspending the contributions workers make toward their retirement health care. That eases how the cuts affect take-home pay by letting employees keep more of their money.

Many of the agreements vary in some degree from that template. Some unions are

Read More
Posted in Personal

Visa Makes Payment Easy in Asia Pacific With Click to Pay

Visa Inc. V has expanded its click-to-pay feature in the Asia Pacific, which offers online shoppers an online checkout option that is fast, simple and secure.

The click-to-pay facility is built on the EMV Secure Remote Commerce (SRC) industry specification, accessible to the participating Australian and New Zealand businesses.

The service will be extended gradually to other regions, such as Hong Kong, Mainland China, Malaysia and Singapore, later in the year.

The launch of this service comes at just the opportune time when e-commerce saw a surge due to the COVID-19 outbreak. In order to follow strict lockdown and social-distancing protocols, people avoided shopping via bricks-and-mortar stores and stuck more to purchasing stuff online, which in turn, drove the need for digital payments. With 41% of consumers in the Asia Pacific belt making five or more e-commerce transactions in the past three months will make the click-to-pay feature a big

Read More
Posted in Insurance

6 ways to motivate and inspire your employees that don’t involve a pay rise

Modern companies offer a lot of perks for employees: healthy breakfasts and fruits, medical insurance, massage right in the office, a gym with personal fitness coaches, and much more. Due to recent quarantine guidelines, most companies had to stop all office activities and move some of them online, such as training and fitness classes.

Even if you have a budget for perks, tangible and intangible methods of motivation should work together. People need to know that their work matters. Perks are great for attracting people, but they have a lesser effect on retaining them.

It’s critical to understand one fundamental thing though: benefits will not replace salary. A person works for money, having all the rest is good but secondary.

However, if pay cuts are needed due to the crisis, there are ways to retain and motivate your employees, as well as preserve high efficiency. Based on my experience of

Read More
Posted in Finance

Buy now, pay whenever? Lockdown lift for online shopping loans

By Nikhil Nainan

(Reuters) – Browsing online during lockdown, Jessica Friend spotted a pair of Ray-Ban sunglasses she liked, but the price tag made the 30-year-old Ohio resident think twice.

What persuaded her to click ‘buy’, Friend said, was the short-term credit offered by Afterpay, which split the $260 payment into four interest-free instalments.

Afterpay is among a handful of alternative credit firms which offer small loans, mostly to online shoppers, and make their money by charging merchants a 4%-6% commission.

These buy-now-pay-later (BNPL) firms have benefited from a shift to online shopping during the coronavirus crisis in countries including the United States, where state aid has also boosted retail sales.

“I’m more inclined to use them because they make it easier to afford to get the things I want all at once … and when I want to splurge on something,” Friend said of the loans.

Some investors are

Read More