Alternative Finances

Vend And QuickBooks Partner Up

Global cloud-based point-of-sale (POS) software provider Vend and Intuit’s QuickBooks Online announced earlier this week that they have integrated together to streamline services for small business retail companies.

According to a company release, this now makes Vend the first and only POS available on Intuit’s Apps.com. The organization hopes that this integration will help retailers focus on business growth by being able to better streamline their back-office operations.

Vend Founder and CEO Vaughan Rowsell said in a company statement that the move was a key integration for both companies’ customers.

“We’re thrilled to join the Apps.com marketplace and the greater QuickBooks community where we can empower retailers to leverage cloud technology in order to run their businesses better,” Rowsell said.

Additionally, the integration will help retailers simplify their accounting process. For example, accountants can see the data prepared and organized in expected QBO formats and the need for paid third-party software connections is eliminated.

The announcement added that this is just the beginning for the two companies, and that more integration features will be rolled out over the coming months.

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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