On Friday, Shares of Paychex, Inc. (NASDAQ:PAYX), lost -0.63% to $54.06.
As Small Business Saturday gets the holiday shopping season underway for small businesses later this week, Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, is releasing the results of its latest Paychex Small Business Snapshot. The company’s latest research reveals less than half of business owners in the retail and restaurant/food and beverage industries are equipped to accept EMV chip credit cards.
EMV, which stands for Europay, MasterCard, and Visa, is a global standard for cards equipped with computer chips and the technology needed to authenticate chip-card transactions.
Priority to a major liability shift that took place on October 1, 2015, monetary losses resulting from fraudulent credit card use were absorbed by credit card issuers and payment processors, not merchants. Starting in October 2015, however, merchants will now accept some liability for fraud losses if they fail to implement EMV chip card terminals.
According to the latest Paychex Small Business Survey, 56% of business owners across all industries are aware of the liability shift and 29% are equipped to accept EMV chip credit cards. Those numbers improvement significantly in the retail and restaurant/food and beverage spaces – those industries most likely to feel the greatest impact. Of the respondents in those two industries, a combined 69% are aware of the liability shift and 47% report presently having the equipment in place to accept EMV chip credit cards.
Paychex, Inc. provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that comprise the calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and administration reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients payroll obligations.
Shares of AFLAC Incorporated (NYSE:AFL), inclined 0.31% to $65.29, during its last trading session.
Aflac Incorporated, declared that it will webcast its 2016 outlook conference call at 9:00 a.m. (EST) on Thursday, December 3, 2015. During the teleconference, members of Aflac’s administration team will discuss the 2016 outlook for the company’s business, operations and financial results.
Aflac Incorporated, through its partner, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S.
Finally, Shares of Public Service Enterprise Group Inc. (NYSE:PEG), ended its last trade with 0.36% gain, and closed at $39.12.
PSEG Long Island designated David Lyons as its Vice President of Business Services, effective right away. Lyons joins the Long Island team after 34 years with the Utility’s parent company, PSEG. In his new role, Lyons will report to David M. Daly, PSEG Long Island’s President and COO.
As the vice president of business services, Lyons will coordinate the shared services functions, acting as a primary point of contact internally and for the Long Island Power Authority. The raised responsibilities capitalize on his experience with PSEG Long Island, where he served as the director of corporate integration, responsible for managing the integration of PSEG Long Island’s back-office operations into PSEG’s corporate functions.
“Dave brings in-depth business experience together with a financial acumen that will assist us continue on our path of becoming a best-in-class electric utility,” said David Daly, president and COO, PSEG Long Island. “Dave’s accomplishments over the past several months with PSEG Long Island and the more than three decades with PSEG make him the ideal candidate to lead the business services team.”
Public Service Enterprise Group Incorporated, through its auxiliaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States. The company operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of about 13,146 megawatts.