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Week of September 21, 2024
When was the first telephone pager patented?
Answer: 1949
The telephone pager was patented by Canadian-born American engineer, Al Gross, and first used by New York City's Jewish Hospital in 1949. Gross also patented his own version of the "walkie-talkie." Though it wasn't patented at the time, the Detroit Police Department should be given honorable mention for creating the first pager-like system in 1921. (Source)
This week: Regulatory changes aim to curb the misuse of de minimis exemptions and crack down on illegal imports. Get your vitamin C while you can! - Orange Juice prices soon may to be sky high. Chain.io's integration of Koverly enhances payment processing and simplifies net 30 terms for freight forwarders. Emerging trends in digital payments prioritize flexibility, security, and advanced fraud prevention.
E-commerce and logistics start-ups reshuffle amid crackdown on de minimus exemptions
(The Information - see full article)
New regularly process changes have been implemented due to concerns over e-commerce companies exploiting the de minimis exemption, which allowed shipments valued at $800 or less to bypass tariffs and U.S. Customs and Border Patrol scrutiny. The use of this exemption has surged, with over 1 billion shipments entering the U.S. annually, compared to 140 million a decade ago, making it harder to detect illegal or unsafe imports.
Why orange juice prices have never been so high
(The Economist - see full article)
Severe supply issues are driving up the price of OJ, with futures in New York quadrupling since 2021. Pests and hurricanes have caused Florida's orange production to plummet, while Brazil, which produces 70% of the world's oranges, is struggling with droughts and a citrus greening disease that is decimating crops.
DOJ sues Dali ship owner and operator for $100 million over Baltimore bridge collapse
The U.S. Department of Justice has filed a $100 million lawsuit against the owners and operators of the cargo ship Dali for causing the collapse of Baltimore's Francis Scott Key Bridge in March, which killed six construction workers. The lawsuit alleges they ignored known mechanical issues to cut costs, leading to power failures and loss of control.
The future of digital payments: Trends to watch in 2024
Businesses must adapt to key trends like the "buy-now-pay-later" (BNPL) model, embedded payments, rise of digital wallets and enhanced security are shaping the future to improve customer satisfaction, streamline operations, and stay competitive. As digital payments evolve, companies must adopt secure payment methods, prevent cybercrime, and embrace innovations like mobile wallets and AI-driven fraud prevention.
Should we work together?
Koverly streamlines B2B payment workflows and gives forwarders and brokers the ability to offer clients 30 day net terms at zero cost and no risk. We make it simple to offer customers convenient online payment methods, like ACH transfer and credit cards, and provide access to easy financing. If this sounds like something you'd like for you business, click here to schedule a 1:1 call.
Koverly Announces Express Checkout
Koverly add express checkout to online invoicing capabilities, enabling a frictionless experience for payers. Businesses using Koverly's invoicing feature can customize their invoice landing pages with their company logo, providing their clients a branded checkout experience.
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with Koverly
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