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Bill.com, Divvy and Barron: Exploring The Cloud-Based Payments Services For SMBs

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Cloud-Based Payments Services

The advent of cloud-based services has revolutionized how small and medium businesses operate, making it easier than ever to manage their payments. In this article, we will be exploring three popular cloud-based payments services – Bill.com, Divvy and Barron – to see which one is most suitable for your business needs. So read on as we look at the pros and cons of each payment system!

Introduction to Cloud-Based Payments Services for SMBs

As a small business owner, you’re always looking for ways to streamline your operations and improve your bottom line. One way to do this is to switch to a cloud-based payments service.

There are several cloud-based payment providers out there, but three of the most popular are Bill.com, Divvy, and Barron. In this post, we’ll take a look at each of these services to see what they have to offer small businesses.

With Bill.com, you can say goodbye to paper checks and manual data entry. The service enables you to send and receive payments electronically, as well as track all of your invoices and expenses in one place. You can also automate your payments so that they’re always on time.

Divvy is a great solution for businesses that need more control over their spending. With Divvy, you can set up spending limits for employees and vendors, as well as track where every dollar is going. This can help you keep your costs under control and make better financial decisions for your business.

Barron is another popular cloud-based payment provider that offers similar features to Bill.com and Divvy. With Barron, you can also send and receive payments electronically, track expenses, and set up automated payments. One of the unique selling points of Barron is its ‘virtual card’ feature, which allows you to generate temporary credit card numbers for online purchases. This can be helpful if you’re concerned about security or

What is Bill.com?

Bill.com is a cloud-based payment service that helps small businesses manage their finances and make payments. The service offers a secure, online platform for businesses to manage their invoices, bills, and payments, as well as track spending and cash flow. Businesses can also use Bill.com to pay contractors and vendors, and to send and receive money from customers.

What is Divvy?

Divvy is a cloud-based payments service that helps small businesses manage their finances. Divvy offers a variety of features to help small businesses streamline their accounting and bookkeeping, including invoicing, expense tracking, and data import. Divvy also offers a mobile app for easy access to your financial data.

What is Barron?
When it comes to cloud-based payments services, there are a few different options available for small businesses. Bill.com and Divvy are two popular choices, but Barron is another option that is often overlooked. So, what is Barron?

Barron is a cloud-based payments platform that offers businesses a simple, efficient way to manage their finances. With Barron, businesses can track expenses, invoices, and payments in one place. The platform also provides businesses with insights and analytics to help them make better financial decisions.

Barron’s features make it a great choice for small businesses that want to streamline their payments process. If you’re looking for a cloud-based payments solution for your business, be sure to check out Barron!

Comparisons Between the Services
When it comes to cloud-based payments services for small and medium businesses (SMBs), there are three big players: Bill.com, Divvy, and Barron. All three offer a wide range of features and benefits, but how do they stack up against each other?

In terms of overall functionality, Bill.com and Divvy are very similar. Both allow users to send invoices, manage expenses, and track payments. Barron, on the other hand, focuses mainly on expense management – although it does offer some basic invoicing and payments features.

According to a release, Bill.com (ticker: BILL) will pay $625 million in cash and $1.875 billion in shares as part of the agreement, which was announced on Thursday.

All three services offer free trials, so if you’re not sure which one is right for you, it’s definitely worth signing up for all of them and taking them for a test run. Ultimately, the best way to decide which service is right for your business is to try them out and see which one works best for your needs.

Benefits of Cloud-Based Payments Services
There are a number of benefits that businesses can reap by using cloud-based payments services. Perhaps most importantly, these services can help businesses save time and money on their accounting and bookkeeping. By automating many of the tasks associated with payments processing, businesses can free up valuable resources to focus on other aspects of their operations.

Another benefit of cloud-based payments services is that they can help businesses improve their cash flow management. By providing real-time visibility into payments and expenses, businesses can more easily identify and address any issues that may be impacting their cash flow. This can be a particularly valuable tool for small businesses that may not have the resources to dedicated to traditional accounting methods.

Finally, cloud-based payments services can also help businesses manage their risk exposure. By providing detailed insights into spending patterns and trends, businesses can proactively identify and address any potential risks before they materialize. This can help businesses avoid costly mistakes and keep their operations running smoothly.

How to Get Started With Cloud-Based Payments Services
There are a number of cloud-based payments services available for small businesses, including Bill.com, Divvy, and Barron. Each of these services offers its own unique set of features and benefits, so it’s important to choose the one that best fits your business needs.

To get started with cloud-based payments services, you’ll first need to create an account with the provider of your choice. Once you’ve done this, you’ll be able to add your company’s information, such as your bank account details and credit card information.

Once your account is set up, you’ll be able to start using the service to pay bills and invoices online. You can also use the service to send payments to contractors or employees.

To make sure that your transactions are secure, you’ll need to choose a strong password for your account. You should also enable two-factor authentication if it’s available. This will require you to enter a code from a second device whenever you log in to your account.

Cloud-based payments services are a convenient and secure way for small businesses to manage their finances. By choosing the right service for your business, you can save time and money while keeping your financial information safe.

The Nasdaq-100 index, which represents just over 100 of the biggest nonfinancial businesses listed on the Nasdaq stock market, has decreased by approximately 27% this year. This is due to the fact that the faster-growing technology sector has been affected harder than the 19%-down S&P 500SPX -1.10%. The high-growth and innovative company-focused ARK Innovation ETF ARKK -1.67% (ticker: ARKK) is down 57% for the year. Read the entire piece.

Conclusion

Cloud-based payment services such as Bill.com, Divvy and Barron offer small businesses a great way to streamline their payments process and make it much easier to manage their finances. With the help of these services, companies can save time by automating payments and tracking expenses in one central location. Furthermore, cloud-based payment systems come with powerful security features making them an ideal solution for SMBs who want to keep their financial data secure. All of this makes these services extremely valuable for any business looking to simplify its finance management processes.

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Angry IT administrator destroys employer’s databases; sentenced to 7 years in prison

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Angry IT administrator destroys employer's databases; sentenced to 7 years in prison

Han Bing, a former database manager for Lianjia, a major Chinese real estate agency, was given a 7-year prison term for breaking into company computers and erasing data.

Bing is accused of carrying out the conduct in June 2018, when he reportedly accessed the company’s finance system using his administrator rights and “root” account and deleted all previously saved data from two database servers and two application servers.

Large elements of Lianjia’s operations were immediately crippled as a result, leaving tens of thousands of workers without pay for an extended length of time and necessitating a data restoration effort that cost about $30,000.

However, because Lianjia has thousands of offices, employs over 120,000 brokers, owns 51 companies, and has an estimated $6 billion market value, the indirect costs from the firm’s economic disruption were significantly more detrimental.

examination of the staff
H. Bing was one of the five primary suspects in the event involving the data deletion, according to records made public by the court of the People’s Procuratorate of Haidian District, Beijing.

When the administrator refused to reveal his laptop password to the company’s inspectors, suspicions were quickly aroused.

Chinese media outlets who reprinted portions of the disclosed documents explain that “Han Bing stated that his computer had confidential data and the password could only be handed to official authorities, or would only accept entering it personally and being present during the checks.”

The checks were solely carried out to evaluate the response of the five employees who had access to the system because, as the investigators testified in court, they knew that such an operation wouldn’t leave any records on the laptops.

Finally, the experts were able to pinpoint the activity to particular internal IPs and MAC addresses after retrieving access records from the servers. The inspectors even collected WiFi network logs and timestamps, which they afterwards compared against CCTV footage to validate their suspicions.

The forensic expert hired by the company concluded that Bing had wiped the databases using the “shred” and “rm” commands. Rm deletes the files’ symbolic links, whereas shred overwrites the data three times with different patterns to make it unrecoverable.

Unhappy employee?
Unexpectedly, Bing had regularly warned his employer and superiors about security flaws in the finance system, even emailing other administrators to express his concerns.

He was mostly disregarded, nevertheless, as the departmental administrators never gave their approval for the security project he wanted to oversee.

This was supported by the testimony of the director of ethics at Lianjia, who told the court that Han Bing frequently argued with his superiors because he believed his organisational suggestions weren’t valued.

A similar incident occurred in September 2021 when a former employee of a credit union in New York deleted approximately 21.3GB of records in a 40-minute rampage as retaliation for her managers terminating her.

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Internet Explorer 11 support will no longer be offered by WordPress.

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Internet Explorer 11 support will no longer be offered by WordPress.

WordPress, the most well-known and widely used blogging platform, is thinking about removing support for Internet Explorer 11 when its usage falls below 1%.

WordPress has discovered that the cumulative usage of IE 11 is less than 1% using the following three metrics:

according to StatCounter’s GlobalStats, 0.71%.
from W3 Counter, 1.2%
from WordPress.com, 0.46%
When WordPress stopped supporting Internet Explorer 8, 9, and 10 in 2017, these usage figures were comparable.

WordPress plans to discontinue support for Internet Explorer 11 in the future due to the low number of users and the significant expense of maintaining the browser.

“Regarding the present WordPress user experience, the majority of WordPress users ought to be aware by now that a flag was introduced to BrowseHappy around 13 months ago to not recommend IE. In connection with this, the entire IE11 experience is subpar and comes with a significant maintenance cost for developers “Last week, WordPress clarified in a blog post.

WordPress is requesting feedback from individuals and organisations that still use the browser by March 18th in order to formulate their strategies for ceasing support.

WordPress is not the only platform to stop supporting IE 11.

Microsoft Teams’ web app will no longer be supported by Internet Explorer, and Microsoft 365 would stop supporting it on August 17, 2021, according to a 2020 August Microsoft announcement.

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Major Canadian banks experience a bizarre, hours-long outage

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Major Canadian banks experience a bizarre, hours-long outage

Major Canadian banks fell unavailable for several hours, denying consumers access to e-transfers, online and mobile banking, and other services.

The Canadian Imperial Bank of Commerce, Scotiabank, Bank of Montreal, and Royal Bank of Canada (RBC) are among the institutions apparently affected by the outage (CIBC).

For many, online banking and e-Transfers are not working.
Yesterday, the main banks in Canada went offline, making it difficult for many people to access e-Transfers, online, and mobile banking services.

The number of reports of people experiencing problems accessing their online banking peaked on Wednesday between 5 and 6 p.m. Eastern time, while BleepingComputer is still receiving an influx of these reports today:

 

An RBC spokesman acknowledged that “we are currently having technical challenges with our online and mobile banking, as well as our phone services.”

“We have no ETA to offer at this time, but our specialists are looking into it and striving to fix it as soon as they can. We value your tolerance.”

Customers continued to report problems a few hours later, within 30 minutes of RBC declaring that all systems were operating normally:

Andrew Currie, an RBC client, stated that the disruption left him without “access to my money at the grocery store” and forced him to wait in line for the cash register for 30 minutes.

Customers of BMO also noticed that the bank’s “Global Money Transfer service” was unavailable “all day” and that transfers were being automatically denied without any apparent cause. Such customers were advised to contact customer care by a BMO representative.

Inconsistencies with their internet banking were not acknowledged by CIBC.

Customers were apparently locked out of the TD Bank mobile banking app, and customer support agents said they “haven’t been told of recent concerns with our online service through EasyWeb.”

According to a TD Bank representative speaking to BleepingComputer, the bank had no significant system issues or outages.

It’s unclear at this moment whether some people’s difficulties at the ATMs were caused by the outage. According to an RBC staffer, the customer experiencing ATM problems is using an old debit card:

Some transfers are subject to rules under the Emergencies Act.

Although the reason for the outage is unknown, its timing is very intriguing because it comes only a few days after Canadian Prime Minister Justin Trudeau used the Emergencies Act in the midst of ongoing “Freedom Convoy” rallies.

Deputy Prime Minister Chrystia Freeland detailed the new rules that payment service providers must follow in accordance with the recently implemented Emergencies Act on Monday during a press briefing on Parliament Hill.

Additionally, without a court ruling and without risking civil liability, the Emergencies Act gives banks the power to freeze the accounts of people and companies they believe to be connected to the illegal blockades.

However, as the Deputy PM notes, since banks are currently required to report to FINTRAC, it is still unclear how new legislation will cause a planned or unanticipated outage.

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