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1. 5 Steps to Take Before You Apply for Cyberinsurance
   Avoid missteps that can impact your coverage and premiums. Cybersecurity is a critical issue for businesses of all sizes. Partly this is because of
2. Online Banking Can Boost Your Business Efficiency
   online banking platforms helps boost business efficiency, convenience. Discover how online banking can revolutionize your business
3. What is a pre-authorization hold on my debit card?

   When you pay with your debit card, you may have a “pre-authorization hold” added to your account before the actual charge goes through. Businesses do this to make sure you have the funds available to cover the purchase, especially when the total amount is unknown at the time you use your card.

   For example, when you swipe your card before pumping gas, a pre-authorization hold is put on your account for an amount that’s probably going to be higher than what you’ll actually spend. When you reserve a hotel room, a hold is placed on the account for the cost of the room, plus a little more in case you have additional services during your stay. When you pay for your meal at a restaurant, a hold may be placed for the cost of the meal plus extra for the possible tip. Once the actual amount is known, that number becomes the charge. And once the charge clears your account (typically during the bank’s evening processing), the pre-authorization hold is released.

   Pre-authorization holds often can be considerably higher than what you will actually pay, and may stay on your account for a while (days, in some situations) so be sure you are prepared for this amount to be “on hold” in your account in the interim. Remember, you won’t have access to the excess funds until after the actual charge clears and the pre-authorization is released.

   Example: Joe visits a gas station and swipes his debit card before pumping his gas. The business doesn’t know how much gas Joe will pump, but it assumes the charge will be $50 or under. They place a pre-authorization hold on Joe’s card for $50 to ensure the funds are available. Joe pumps $20 worth of gas. That means there now is an extra $30 on hold in Joe’s account, and he will not have access to that money until the $20 charge clears and the $50 pre-authorization hold is released.

   If you have questions, call Client Care at 1-800-731-2265.

4. Don't Assume the Default 401(k) Contribution Is Enough
   Photo: Amy Hirschi (Unsplash) When you opened up your 401(k), you were probably presented with a few default options. Maybe your workplace automatically put 3% of your paycheck towards 401(k) contributions, for example. Maybe you were told that the company would match your contributions up to 5%, so you elected to cont
5. 3 reasons the labor shortage could be a 'structural change' in the economy, according to S&P
   The record number of people leaving the workforce signals structural changes in the economy, Standard & Poor's reported last month.  The
6. TK Ways Remote Work is Shifting How Businesses Operate DRAFT
   Authors: Source: First Midwest Subject: First Midwest DRAFT Title 1: TK Ways Remote Work is Shifting How Businesses Operate Title 2: Key Takeaways from the Shift to Remote Work Title 3: Business Evolution in the Wake of COVID-19 Title 4: TK Ways Businesses Have Changed As a Result of Remote Work Date: 6.29.20In the sh
7. Covid-19 Pandemic Fraud
   We are living in unusual times. And when normal processes change, it opens the door for bad actors to get involved. One simple example: Many offices are now empty, so we are seeing a rise in mail theft. Fraudsters are stealing unmonitored business mailboxes, going through the material, and using it to gather sensitive
8. Implementing Robotic Technology to Reduce Operating Costs for Small Businesses
   As someone who runs or owns a small business, you understandably want to look for ways to keep costs down. Using various forms of robotic technology
9. 6 Reasons Your Small Business Needs the Cloud
   Cloud has taken over technology world by storm. By next year, more than 80 percent of all business workloads are expected to be moved to the cloud. If you're still hesitant about moving your small business operations online or wondering what exactly the benefits would be, keep reading. We are breaking down 6 reasons th
10. Payroll Software is the Key to Small Business Growth
    If your business hasn't digitized its payroll yet, you may want to consider taking the leap. Not only does a good payroll software help curb revenue loss, it can also serve as a foundation for your company's growth