Quicken adds shopping refund tracker to its personal finance app Simplifi

MENLO PARK, Calif., Dec. 3, 2020 /PRNewswire/ — Quicken, maker of America’s best-selling personal finance software, released a new feature for Simplifi by Quicken, its award-winning personal finance app, to help users track their returns to make sure they receive their refunds. The company designed the shopping refund tracker to ensure users don’t leave money on the table during the holiday shopping season, which has already seen record online spending with Black Friday and Cyber Monday. With heavier online shopping, returns could also reach record numbers this year.

A recent survey by Quicken found that 78% of respondents are ordering online more since the pandemic began in March. And as online sales increase, so do returns — 34% of respondents said they’ve had more returns, with 10% saying they had significantly more. However, few people have a system to ensure they receive their money back from each return. Fifty-seven percent of respondents said they either have a loose system in place or don’t have one at all, with 45% citing that refunds might fall through the cracks.

Ahead of the upcoming holiday shopping season, Quicken launched a shopping refund tracker within Simplifi to help users manage their returns and ensure they receive all their money back, without having to manually check their accounts each day. With the shopping refund tracker, users can see a snapshot of all of their refunds in progress, so it’s easy to know when each is expected to be received. Simplifi will send a notification when a return from a specific payee, such as Amazon, is successfully refunded, so users know the money is back in their account. It will also send a notification if a refund is overdue, so users can follow up on the status.

“Nearly three-fourths (71%) of survey respondents said they would want a better, easy, system to track their returns and confirm they received the money back,” said Quicken CEO Eric Dunn. “We want our users to be able to make returns with confidence and take away the burden of monitoring for their refund to hit, so that they can focus on other important aspects of their personal finances, such as budgeting, saving and planning for retirement.”

The shopping refund tracker also offers peace of mind when returning high-ticket purchases. Forty-five percent of respondents returned more than $100 of online orders since March, with some counting returns of more than $10,000.

Additional information on Simplifi’s shopping refund tracker and more survey results are available on Simplifi’s blog.

Simplifi is available through the App Store, Google Play, and on the web. More information can be found at www.simplifimoney.com.

About Quicken:
Quicken is the #1 personal finance software in the US. For over 30 years, customers have relied on Quicken to manage all their finances, so they can lead healthy financial lives. In 2016, Quicken, formerly part of Intuit, became an independent company. Its desktop and cloud product suite includes a family of products that cater to different financial needs

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Barron’s Seeks Nominations for 2021 List of 100 Most Influential Women in U.S. Finance

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Barron’s is now accepting nominations for the second annual Barron’s 100 Most Influential Women in U.S. Finance list.

The deadline for submissions is Dec. 31, 2020.

With this list, Barron’s seeks to identify and honor women who have achieved positions of prominence and influence within the financial services industry and organizations that support it, and are positioned to lead the industry in the future.

Nominations may be submitted using the form below, which also provides more information about the project and judging procedures.

Nominees must be based in the U.S. and working in fields including:

  • Investment banking
  • Trading
  • Investment research
  • Money management (including institutional investment firms, mutual funds, hedge funds, private-equity funds, venture-capital funds, pensions, and endowments)
  • Family offices
  • Brokerage firms
  • Financial advisory firms
  • Stock exchanges
  • Financial regulation, policy, and advocacy
  • Key advisory services to these industries

Nominees will be assessed by a Barron’s editorial panel for accomplishments and leadership within their organization, influence within their sector or industry, and capacity to shape their business and industry in the years ahead.

Any individual or organization can submit multiple nominations. Confidential nominations are also accepted. The Barron’s editorial panel might conduct additional research on nominees and their businesses, and contact nominators and nominees for more information to support a nomination.

The complete 2021 list of Barron’s 100 Most Influential Women in U.S. Finance will be published in late winter or early spring.

The 2020 list of Barron’s 100 Most Influential Women in U.S. Finance is available here.

Please email questions about the list to [email protected]

* Required

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Holiday Gift (Insurance) Guide | Personal Finance

For all the shiny gifts and sweet treats that come with the holiday season, there are some unsavory characters waiting for an opportunity to swipe your holiday haul.

If you’ve ever gone on a big holiday shopping trip, chances are you’ve kept some of your purchases in your car while you continue to browse and shop in other stores. After all, carrying around multiple bags and awkwardly shaped boxes can get tiresome.

But all of those store-branded bags and gift wrapped goodies can attract the wrong kind of attention.

Cars are a common target for opportunistic thieves: 27% of larceny-thefts in 2019 were from motor vehicles, according to the FBI’s uniform crime report. The average value of items stolen was $1,012.

If you are the victim of gifts stolen from your car, you’ll have coverage through your renters, condo or home insurance. You may need to provide receipts, or bank and credit card statements, to verify the amount of the merchandise. You’ll also typically need to file a police report in order to make an insurance claim for theft.

An insurance claim check for theft will be reduced by the amount of your deductible.

For example, if you have a $500 deductible and the total value of your insurance claim is $1,000, you would get an insurance check for $500. If the total value of your claim is less than your deductible amount, there’s no point making a claim.

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Kiplinger’s Personal Finance: Great credit cards for holiday shopping | Business News


Consider using a rewards credit card for holiday shopping.

As you dive into holiday shopping, get some extra oomph from your spending by using a rewards credit card that provides additional cash back or points at the retailers — or retailer websites — you visit most.

The Discover It card, for example, provides 5% cash back on up to $1,500 in combined purchases at Amazon.com, Target.com and Walmart.com in the fourth quarter of 2020 (1% on all other spending). Quarterly categories for 2021 haven’t been announced, but bonus categories in 2020 included grocery stores, gas stations, wholesale clubs and restaurants.

For rewards on a broader variety of online purchases, consider the Bank of America Cash Rewards Visa.

You choose one of six categories that earn 3% cash back, including online shopping, gas, dining, travel, drugstores, and home improvement and furnishings — and each calendar month you can change the category.

The card also offers 2% back at grocery stores and wholesale clubs. After you spend $2,500 combined in the 2% and 3% categories each quarter, you get 1% back on purchases in both categories. All other spending earns 1% back.

The branded card of a retailer you are loyal to might have strong rewards.

The Amazon Rewards Visa offers 3% cash back on Amazon purchases (5% if you’re a Prime member), and the Capital One Walmart Rewards Mastercard provides 5% back at Walmart.com and 2% at Walmart stores (5% in-store the first 12 months if you use Walmart’s mobile payment app).

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5 Black Friday Shopping Tips | Smart Change: Personal Finance

Black Friday, this year on November 29, offers some of the lowest prices of the year on many consumer goods including TVs, other electronics and toys. Savvy shoppers save hundreds or even thousands of dollars on this single day.

Shopping on Black Friday is extremely hectic and overwhelming due to so many amazing deals. Stores open extremely early and most only offer their best deals on a first-come, first-serve basis. Finding and keeping track of all of these deals is not easy. To help you, we have put together these tips for saving at both online and in-store sales on Black Friday.

  1. Make a List of Items You Want to Buy – Your objective for Black Friday should be to buy only the items on your list at the lowest price possible. Please note, we did not say you should buy the items with the biggest discounts at each store because you should not. Why not? Retailers will try very hard to get you to buy things that are not on your list. This does not benefit you. Instead, you will end up spending more of your hard-earned money than you planned which benefits the retailers. Do your best to stick to your list.
  2. Scope Out the Best Deals Ahead of Time – Make sure you search for and compare the best deals beforehand to make the most of your Black Friday. Remember, you are only looking for the items on your list. Look through the ads in your local paper to find some of the best deals for brick-and-mortar stores. You can view the same ads on the retailers’ websites if you no longer subscribe to the newspaper.

    If you plan to shop online, check out your favorite websites ahead of time to see if they are promoting their best Black Friday deals yet. You might be able to find out about special deals if you sign up for a retailer’s email newsletter ahead of the big day. Some websites, such as blackfriday.com and slickdeals.net, compile huge lists of Black Friday sales for both online and brick-and-mortar shopping.

  3. Make a Plan of Attack – Once you have identified the best deals on the items you want to buy, update your list with the best store in which to buy each item, the discounted price and the normal price. Scan your list and look for the items with the biggest total dollar savings. Prioritize these items by making them the first stop on your Black Friday shopping trip. If there are other great deals on items that you want to buy at the same store, pick them up while you are there.

    You may need to enlist the help of friends or family if there are multiple big dollar savings at different stores at the same time. If this is the case, make sure to entice them to help with a small bribe. Just make sure the bribe is smaller than the amount you will save.

  4. Shop Online with Your
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Holiday Shopping Tips from a Personal Finance Expert

Expert Farnoosh Torabi Shares Her Tips and Tricks to Help Navigate the Holiday Season Without Breaking the Bank

New York, NY –News Direct– D S Simon Media

After a difficult 2020, it’s no surprise that this holiday season will look and feel a little different. With consumers potentially navigating difficult financial times, it’s more important than ever to be prepared for what lies ahead. Recently, Personal Finance Expert, Farnoosh Torabi, teamed with YourUpdateTV on a national satellite media tour to discuss.

A video accompanying this announcement is available at: https://youtu.be/4hnnkME8t0E

Get a Head Start

There’s no need to wait until Black Friday or December to begin holiday shopping. Sales are abundant and round-the-clock this year, as retailers work hard to attract shoppers in a slow economy. When you see a sale for an item that’s on your list, take advantage of it. Waiting until the last minute only ensures you’ll be left with few options, in which case you might overspend on items that weren’t originally on your list.

Make Budgeting a Family Affair

You’re likely not the only member of the family concerned with blowing your budget over the holidays. To that end, be sure to openly discuss your savings goals with your family and suggest alternatives that could help bring down everyone’s expenses. For example, you might want to throw out the idea of an anonymous gift exchange, ‘Secret Santa,’ or ‘Pollyanna’ so that each family member only needs to shop for one person instead of multiple. Make it extra budget-friendly by capping gifts to no more than $25 or $30.

Use Credit Wisely

Avoid the traditional New Year debt hangover and be conscientious when using your credit card this holiday season. Try to streamline your spending onto one card for easier tracking. While you’re at it, use the card that best rewards you for all of your holiday purchases. For example, the Capital One Walmart Rewards Card helps will save you time and money this holiday season with unlimited 5% cash back on Walmart.com purchases. And if you’re planning to get out of your home for the holidays, the Capital One Walmart Rewards Card also earns you 2% back on restaurants and travel, so you’re saving everywhere you shop. That savings will allow you to spend more time on what matters during the holidays and less time shopping around.

Bulk Buy Common Gifts

For gifts you anticipate giving to many people this year, for example, bottles of wine, chocolates or stocking stuffers for your kids, buy the items in bulk. Often retailers will provide a 10% or 15% discount if you buy several of one item, whether it’s six pairs of the same socks or several pounds of sweets. It may not be advertised, but always worth asking a store manager.

Never Checkout without a Promo Code

Before you click “check out” online, be sure you’re not leaving any discounts on the table. A quick internet search for the name of the retailer and the

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Itiviti’s Linda Middleditch wins European Women in Finance Award for Excellence in FinTech

LONDON, Nov. 4, 2020 /PRNewswire/ — Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that Linda Middleditch, Chief of Product Strategy and Engineering, has won the Markets Choice Awards – European Women in Finance Awards in the category for Excellence in FinTech.

Linda joined Itiviti in June 2019 after spending more than two decades of her career within the financial services industry, where she held senior leadership positions at UBS, Citi and Morgan Stanley. She worked with every asset class across the entire trade lifecycle, and held roles in trading, operations, technology and product management. Her move to the vendor side enabled her to review and rethink the trading technology and the way of working with the financial institutions.

Linda’s focus on enhancing cognitive diversity within the product strategy and engineering teams has greatly enriched Itiviti’s approach to building the trading platform and the team members whose professional backgrounds are anchored in areas similar to those of our clients.

The modular design technology delivers flexible solutions to meet clients’ evolving needs. The collaborative approach with clients allows the firm to support and accompany customers to overcome their trading-related challenges and align with their future growth.

“Cognitive diversity can be transformative for FinTechs,” says Linda. “At Itiviti, this is one important element in our overall approach to creating and enhancing our overall technology ecosystem. Other elements include our modular design approach, our strategic partnerships, and the way we engage with our clients.”

Another essential element is Itiviti’s strategic partnerships, which bring additional expertise into our technology ecosystem. For example, in January 2020, Itiviti announced a new partnership with Imandra, a technology company focused on cloud-scale automated reasoning. Imandra’s technology is improving the onboarding process for Itiviti clients to Itiviti’s Managed FIX global connectivity platform.

“We congratulate Linda on this award and celebrate this success with her,” says Rob Mackay, Chief Executive Officer of Itiviti. “Linda’s leadership is enabling Itiviti to engage in new and exciting ways of collaborating – in our teams, our technology, our strategic partner network, and with our customers – to drive innovation and transformation.”

For further information, please contact:
Mireille Adebiyi, Chief Marketing Officer, Itiviti Group, Email: [email protected]

About Itiviti

Itiviti provides nearly 2,000 financial institutions worldwide with flexible, cross-asset trading solutions that cover the full trade lifecycle. Through its commitment to technology innovation, relentless pursuit of workflow efficiency and an entrepreneurial culture, Itiviti is disrupting the industry with highly-scalable solutions that deliver unprecedented cost savings for clients.

For more information, please visit www.itiviti.com.

Itiviti is owned by Nordic Capital.

This information was brought to you by Cision http://news.cision.com


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Women In Finance Share Ways To Reinvent Your Business

Arguably, doing business, as usual, is no longer an option given the financial impact the global health crisis has had on businesses. Since March, owners of enterprises have had to go back to the drawing board to reimagine their strategies in order to pivot and keep the doors open digitally. For women business owners, the impact has been even greater.

According to a recent study by the U.S. Chamber of Commerce, women-owned businesses have been disproportionately impacted by the pandemic. One highlight from the study is, “The number of female business owners who ranked their business’s overall health as ‘somewhat or very good’ fell 13 points during the pandemic, from 60% in January to 47% in July 2020. By contrast, the number of male business owners reporting a ‘good’ business health status only fell five points in the same period (67% to 62%).”

By the numbers, women might have more challenges recovering in the years to come.

Tami Erwin, CEO of Verizon Business, Gabrielle Rabinovitch, Vice President of Investor Relations at PayPal, and Kathryn Chase, Head of US Small Business Banking at Citibank recently joined forces as a part of Verizon’s Women in Business mentorship program to offer sound advice to those looking to reinvent their business during a LinkedIn Live discussion.

To extend the reach of that conversation, each of the leaders responded to a number of questions in efforts to provide women with a guide as they find ways to bounce back in business.

What It Takes To Reinvent A Business

Adaptability is a must within business – and that reigns true now more than ever during the pandemic. What does reinventing ones business look like for small business owners in this day and age?

Tami Erwin: Digital transformation for small businesses went from a nice to have to a must. Before the pandemic, small businesses struggled with scaling, moving to the cloud and ineffective marketing and promotion. In today’s world, if you don’t have a digital front door, you’re out of business. As our customers are reinventing their businesses, we are seeing them invest in technology that enables digital transactions, remote collaboration such as video conferencing tools like Blue Jeans and security.

Gabrielle Rabinovitch: The pandemic has accelerated ecommerce by three to five years, according to some studies. That means it is more important than ever to use technology to drive your business and help level the playing field with larger businesses. Whether that is taking your personal training business and creating a virtual training app or using tools like PayPal to sell online to a much broader base of potential consumers. At PayPal, we’ve seen our small businesses get very creative to manage and thrive through all the change that is happening. We’re actually about to launch a podcast on this very topic, called

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New Finance Chief Makes Nasdaq One Of Few S&P 500 Companies With Women In The CEO And CFO Role

Nasdaq this week appointed Controller and Chief Accounting Officer Ann Dennison as its new CFO, effective March 1, 2021. When she succeeds Michael Ptasznik, who has been with the company since 2016 and plans to retire in February, Nasdaq will become the fifth S&P 500 company to have women helming the CFO and CEO roles. 

Dennison, who has been with the stock exchange for five years, has more than 20 years of experience in financial reporting and analysis. As controller and chief accounting officer, she is responsible for the company’s accounting and financial reporting, in addition to its planning and analysis, tax, procurement and global accounting operations. Prior to joining Nasdaq, Dennison was managing director, head of financial reporting at Goldman Sachs and she also served as an auditor at PwC. She will report to Adena Friedman, Nasdaq’s president and CEO since 2017.

“Ann is a dedicated leader with a deep understanding of our business and our long-term vision,” said Friedman in a statement. “She has made significant contributions to Nasdaq’s financial soundness in her five years with the company and her diligence and expertise will be significant factors in our growth strategy.” 

Earlier this week, Nasdaq released its third-quarter results, which revealed net revenues were $715 million, an increase of 13% from the prior year period, due in part to heightened trading volumes and an uptick in IPOs. When Dennison takes on her new role in five months, she’s likely to find herself contending with an equally volatile market on the heels of the U.S. presidential election and amid a pandemic that’s shown no signs of letting up. 

“Transitioning into the role of CFO at a time when Nasdaq has continued to prove its resilience and innovative thinking is a tremendous opportunity,” Dennison said in a statement. “I want to thank Michael for his leadership and mentorship, which has been invaluable during our years together. I look forward to continuing to work closely with Adena, the Board of Directors and our employees to further fuel our success as a leading technology company, as well as meeting the needs of our diverse set of stakeholders.”

According to a study by S&P Global, businesses with female CFOs and CEOs are more likely to see above average stock price performance, and those with women finance chiefs specifically generated excess profits of $1.8 trillion over the 17-year period assessed for the study. Despite this, executive recruiting firm Crist Kolder Associates’s annual volatility report finds that 13.4% of S&P 500 and Fortune 500 companies have female CFOs, improvement no doubt from 8.7% in 2010, but a reminder of just how far women leaders still have to go.

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For Women In Finance, It’s Time Their Workplaces Stop Adapting, And Start Evolving

Diversity is no longer only about gender balance and respect for race, religion, or ethnicity; it is really about evolving into a diversity of thought. A progressive mindset can actually pay off in business performance. A study conducted by the Boston Consulting Group found that companies with higher than average diversity in their management teams reported innovation revenue at close to 20% higher than their below-average counterparts. So, it is, in fact, great for business. The truth is that women bring a different perspective and experience to the table. Their approach and understanding of business are fundamental to the creation and success of high-performance workplaces. Here’s why.

a person sitting at a table

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Beyond the enormous role diversity plays in attracting and keeping new talent, according to an S&P Global Market Intelligence study, within the first two years of appointing female CFOs, companies saw a 6% increase in profits, and 8% better stock return. Even though men outnumbered women in the CFO job by about 6.5 to 1, the study found that these women brought in $1.8 trillion of additional cumulative profits in comparison to their male peers. For example, a company with a female CFO generated over US$200 million in profits, which was almost $30 million more than the $175 million average produced by other peer companies.

Having said that, female CFOs have historically occupied less positions in Fortune 500 companies. Just two years back, there were less than 65 female CFOs in Fortune 500 companies, globally. This female CFO shortage is part of a wider gap of female senior financial executives. In general, many women do not reach the types of leadership positions that serve as stepping-stones to that corner office. The women who do manage to become executives tend to be relegated to roles in HR, marketing, or sales. This is certainly alarming, especially when considering that in the U.S. alone, more than 50% of bachelor’s degrees in accounting are held by women. According to the U.S. Bureau of Labor Statistics, over 60% of accounting and auditing positions are held by women. But, for some reason, this early career majority does not translate into a C-suite position.

Related: Entrepreneur Middle East’s Achieving Women 2019: Nadine Mezher, Co-Founder and CMO, Sarwa

Another Harvard Business School report states that, globally, women in venture capital and private equity companies barely held 9% and 6% of senior positions respectively. Similarly, in hedge funds, that number dropped even lower, to a mere 3%. How ironic is it that these figures are so low, in spite of women receiving the majority of college degrees in finance! A Glassdoor study points out that men acquire over 61% of degrees in finance, and are the ones whose careers progress much further. Could low job satisfaction or the balance between professional vs. personal life be the reason for scarcity of women in top financial roles?

A National Bureau of Economic Research study from Denmark identified a couple of reasons for women falling behind in their career. Apparently, even in progressive

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