October, 2016

article thumbnail

How To ‘Moneyball’ Restaurants

PYMNTS

National treasure Kim Kardashian has taught us all a series of invaluable lessons over the years: how to break the internet, that there is no such thing as too much eyeliner and that, if you are on the phone with Taylor Swift, the smart money is on hitting the record button. But of all the lessons we have learned from Kim — and later, Kimye — the most crucial, deepest and most fundamental is that, if one can get themselves behind the velvet rope, one should do so because life in the VIP suite is

article thumbnail

How Visa And Intel Are Creating A Security Standard For The IoT

PYMNTS

While hacks have been nearly endemic over the last several years, they have, at this point, mostly faded to the level of background noise for the average consumer. Sure, the aftermath of having a card compromised is often annoying and involves changing cards stored in digital wallets and with subscription sites, but consumers know that their bank has their back.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Diwali Lights Up Bitcoin

PYMNTS

It’s not yet the holidays, but it’s almost Diwali, the Hindu festival of lights, a fitting theme for today’s bitcoin news. Diwali lasts for five days beginning Oct. 20, and bright lights, colorful decorations and fireworks mark the occasion. The Indian people celebrate by lighting diyas and candles around the home, seeking divine blessings from the goddess of wealth and exchanging gifts, such as gold coins.

article thumbnail

Got Gigs?

PYMNTS

Toasting new employment? Odds are increasingly good that you may be clinking your glass over your latest gig. The number of Americans working gig jobs — or short-term, ad hoc positions — grew at a rate of 50 percent from 2005 to 2010, while the gig economy gained 9.4 million new workers, outpacing the U.S. economy as a whole. But there is still much not known about this rapidly expanding portion of the economy, as the Bureau of Labor Statistics stopped collecting data on gigs in 2005 and won’t b

94
article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

article thumbnail

Is Being Closed On Thanksgiving The New Trend?

PYMNTS

Is closing on Thanksgiving day becoming the new being open on Thanksgiving day? This week, Mall of America, the nation’s largest shopping mall, announced it was bucking the recent trend of opening stores to shoppers on Thanksgiving. Instead, Mall of America said it would close on Thanksgiving so its 14,000 or so employees could have the day off to spend time with their family, although the Minneapolis Star Tribune reported that the more than 520 stores inside Mall of America will have the option

article thumbnail

When The POS Is The OS

PYMNTS

It may be easy to see First Data’s SMB POS Clover sitting on a merchant’s countertop and assume it’s just another nice-looking terminal that accepts payments. But as John Beatty , CEO and cofounder of Clover for First Data , explained, that would be overlooking what Clover really is — an operating platform that helps an SMB run its business, eliminating the need for the SMB to have multiple devices on the countertop that support other business-critical applications. “We’re starting to see

More Trending

article thumbnail

The Uber Of Fitness Trainers: Handstand

PYMNTS

Did you know that physical trainers and fitness instructors only get paid a very small fraction of the cost you pay the gym per hour? After they’ve pushed you to do a hundred burpees or gotten you to achieve that perfect yoga Crow Pose, they may end up with only $20. When your endorphins wear off, you’ll also notice that your wallet could be a $150 per hour lighter.

article thumbnail

Weird Commerce: MUFON, Investigating UFOs Since 1969

PYMNTS

Ever seen a UFO? Could it have really been a bird, plane or you-know-who? That’s where 47-year-old nonprofit MUFON comes in to debunk or detail what you saw. “Sometimes, people say they saw a UFO, and immediately, people think they said, ‘I saw a flying saucer,’” said Rodger Roeser, spokesperson for MUFON, which literally investigates unidentified flying objects.

article thumbnail

Weird Commerce: Skulls Unlimited, A Living Company From Animal Remains

PYMNTS

Coyote, bobcat, armadillo and … human skulls. Perhaps counterintuitively, Skulls Unlimited , a company that sells skulls — yes, animal and human skulls — sees its biggest uptick in purchases closer to Christmas, rather than before Halloween. “This time of year, we start getting in more orders. Halloween, not as much, but most people looking for Halloween decorations quickly realize that we’re not offering skulls for that purpose,” said Josh Villemarette , co-owner and son of the fou

article thumbnail

More Retailers Just Saying No To Opening On Thanksgiving

PYMNTS

Though for a few years there it really looked like it might simply become retail standard, it seems that starting the Thanksgiving weekend sales crush on Thanksgiving may fizzle out after all. According to reporting over the weekend, an increasing number of big retailers are actually taking the national day of thanksgiving off. So far, the known opt-outs include Home Depot, Nordstrom , Costco, BJ’s, Fred’s Pharmacy, GameStop, Harbor Freight, Lowe’s, Pier 1 Imports, Petco, PetSmart, Sam’s C

Retail 87
article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

article thumbnail

Can Optimove Change The Apathetic CRM Space?

PYMNTS

Small and medium-sized businesses eager to attract and retain loyal customers are even more eager to harness the power of machine learning and artificial intelligence. Software based on these technologies can make predictions on customers’ behavior, assess their potential as repeat purchasers and automate communications that will stimulate buying behavior, or even do it for them.

article thumbnail

Ask The Doctor To Start Accepting Bitcoin As Payment

PYMNTS

Canadian startup Ask The Doctor announced Ask The Doctor To Start Accepting Bitcoin As Payment on Wednesday (Oct. 12) it is now accepting bitcoin as a new way to further help protect its patients’ privacy. In a press release , the company said that users can choose to pay for advice from a physician by bitcoin on Ask The Doctor’s desktop platform.

Finance 84
article thumbnail

Oberthur Supports Mobile Payments Future In The Nordics

PYMNTS

Oberthur Technologies (OT) is partnering with payments service provider Nets to deliver support for mobile payments to Scandinavian banks. The collaboration, announced on Thursday (Oct. 6), is aimed at helping to service banks in the Nordics with a financial platform that supports future international mobile payment methods. Nets and OT will combine their capabilities to offer an end-to-end mobile payment solution, which will include Host Card Emulation (HCE) and tokenization to secure payments

article thumbnail

Ringing In The eCommerce Christmas Season

PYMNTS

American consumers have big plans for the holiday season when it comes to their shopping, according to a report. A new survey by Deloitte revealed that 50 percent of shoppers plan to shop online for their holiday gifts, spending roughly half (47 percent) of their budget online. More than 5,000 consumers in the U.S. were surveyed, and the research showed that physical stores are not likely to see a surge in traffic. “Retailers must cater to that digital mindset long before someone walks int

Retail 82
article thumbnail

Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

article thumbnail

When It Comes To Paid Social Media, Facebook Leads The Way

PYMNTS

Retailers continue to rely on paid search and email marketing channels, but mobile marketing and social media are continuing to increase in popularity as a way for businesses to grow their customer acquisition, according to a new study. The study, entitled “ The State of Retailing Online 2016: Marketing and Merchandising ,” by the National Retail Federation and Forrester, a research and advisory firm for the retail industry, polled 240 companies from June through July.

Retail 82
article thumbnail

The True Face Of A Fraudster Mastermind

PYMNTS

Versatility is an attribute that many value — that kind of all-around utility player who can substitute for a key player or employee in a pinch. That’s also the skill set of the “Arch Fraudster,” which makes them efficient as a fraudster and a dangerous nemesis to the online retailer. In the most recent installment of the Meet The Fraudsters series, Gilit Saporta , senior fraud analyst at Forter , sheds light on this somewhat mysterious but dangerous fraudster profile.

article thumbnail

Apple Pay, Masterpass Make It Into New York MTA’s Ticket App

PYMNTS

Apple Pay and Masterpass digital wallet technology are making their way to New York, with Governor Andrew M. Cuomo announcing the addition of the two payment methods to MTA eTix, the mobile ticketing app that enables Metro-North Railroad and Long Island Rail Road customers to buy tickets whenever they want. According to a report, starting Thursday (Oct. 6), customers will be able to use both services to buy one-way, round-trip, 10-trip, weekly and monthly passes and CityTickets on MTA eTix.

article thumbnail

Why Emburse Opened Its vCard Solution To Developers

PYMNTS

When expense management firm Emburse launched only a year ago, the company entered the market with a commercial card service, issuing virtual and physical prepaid debit cards for specific purchases in an effort to help companies more closely manage employee spend. But as the company has grown, so have its clients, said Cofounder Roger Gu in a recent interview with PYMNTS.

article thumbnail

Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

article thumbnail

Are Connected Devices Threatening Payment Security?

PYMNTS

When one door closes, another (connected) one opens. At least that may be the mindset for the cybercriminals reportedly flocking to connected devices as an entry point into the networks and systems of businesses. From Wi-Fi hotspots to printers, unsecured routers to digital video recorders — connected devices can be vulnerable to hacks and, when compromised, are being used by hackers to launch significant distributed denial-of-service (DDoS) attacks.

audit 81
article thumbnail

Why Retailers Should Look For More From Their Vendors

PYMNTS

Out of the ever-growing list of things retailers have as priorities, stopping fraud — not selling more goods and services — has now claimed the online retailer’s top spot. That’s the finding of Forrester’s 2016 “State of Retail Payments 2016” report. Michael Reitblat , CEO of Forter , isn’t at all surprised. The mere increase in the number of fraud attempts year over year and quarter over quarter is enough to shake even the most hardened eTailer to her knees.

Retail 81
article thumbnail

How Manchester Became A Top FinTech Relocation Destination

PYMNTS

It appears Manchester may be giving London a run for its money as the next great FinTech sector in the U.K. In recent years, Manchester has been a go-to location for people looking to leave London — and it’s not just because of the city’s cheap housing or attractive work/life balance culture. It’s also the region’s thriving tech environment. In this edition of PYMNTS’ Weekly Tech Center Roundup , we head back to England to check out what unique characteristics are driving tech success in Manches

article thumbnail

RBS’ Small Business Scandal: What You Need To Know

PYMNTS

Royal Bank of Scotland (RBS) became the new face of scandal on Monday (Oct. 10) when leaked documents surfaced that seem to show new evidence the bank profited from the demise of small and medium-sized businesses. It’s a riveting saga involving allegations of an internal project codenamed “Dash For Cash,” emerging from internal documents obtained and outlined by BuzzFeed News and BBC “Newsnight.” But the story of claims that RBS gained from SME failures dates back t

article thumbnail

Harness the Potential of Your Enterprise Knowledge

The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

article thumbnail

Etsy Partners With Adyen For Better Payment Processing

PYMNTS

Etsy buyers and sellers are about to get a boost in enhanced payment experience. Payments company Adyen announced crafting a global partnership with online marketplace Etsy, covering both the U.S. and European markets, as well as other key markets where Etsy maintains a presence. Peer-to-peer eCommerce site Etsy includes a marketplace of 1.7 million sellers offering unique, vintage and handmade items.

article thumbnail

Identifying What’s Next In Digital Identity

PYMNTS

If you’re playing the slots in Vegas this week, there’s a good chance they’re coming up: Biometrics; EMV chip cards; Mobile security. Again. And if you’ve been following the Digital Identity Tracker™ (or just the industry itself) in the 12 months since last year’s Money20/20 conference in Las Vegas, these three topics have been constant newsmakers, as security providers and businesses alike look to offer top-notch protections in an age of rising fraud and cybercrime.

article thumbnail

Visa Announces New B2B Payments Using Blockchain

PYMNTS

Visa and Chain today [October 21] announced that Visa B2B Connect – a B2B payment platform based on blockchain – will be piloted in 2017. Visa hopes that Visa B2B Connect will give financial institutions fast and secure processing of global B2B payments. The announcement of B2B Connect also marks the second stage of Visa’s relationship with Chain.

B2B 80
article thumbnail

Visa Takes Inspiration From Bitcoin For Cross-Border Payments

PYMNTS

Visa has its eyes set on an international prize, and it’s planning to take some cues from a new type of currency in order to win it. According to The Wall Street Journal , the company recently rolled out a new technology aimed at taking on a new market by offering international B2B payments. The product is called Visa B2B Connect and, according to recent reports, will use a network modeled after the one powering bitcoin to navigate the complex world of cross-border payments between two companies

B2B 80
article thumbnail

Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

article thumbnail

Are Retailers Missing Out On ‘Supershoppers?’

PYMNTS

Shoppers today just aren’t what they used to be. In fact, Google describes them as supershoppers — many of which utilize the power of their mobile devices to influence their shopping experience and, as a result, are more informed and efficient than ever before. According to recent data from Google, nearly 76 percent of shoppers who search for something nearby on their mobile device actually visit a related business within a day, and 28 percent of those searches lead to a purchase.

Retail 79
article thumbnail

Visa, Ingo Money Make B2P Payments Instant

PYMNTS

The world is full of once-brilliant innovations that — despite having been supplanted by an even better innovation — continue to have devotees who insist the 1.0 version was actually superior: Writers who prefer the feel of a typewriter to a computer. Music aficionados who swear that digital distorts the sound of music. And there’s the paper check — a 1.0 solution in a world of digital payments that continues to stick around.

article thumbnail

Will The Blockchain Revolutionize Faster Payments?

PYMNTS

Blockchain technology has allowed businesses to eliminate unnecessary, not to mention costly, intermediaries and significantly reduce international cross-border payment processing time from weeks to a day. With these benefits in mind, blockchain has recently captured the attention of several players from around the faster payments space. From a social messaging platform getting a payments enhancement to a major credit card company testing a yet-to-be-released payment system, plenty of faster pay

article thumbnail

loyyal Joins Historic Dubai Future Accelerators Program

PYMNTS

Blockchain startup loyyal is participating in the historic Dubai Future Accelerators program, backed by a $275 million fund. The announcement from the startup, which focuses on global loyalty and rewards, comes after it paired up with His Highness Sheikh Mohammed bin Rashid Al Maktoum, VP and prime minister of the UAE and ruler of Dubai, and His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the crown prince of Dubai and the chairman of the Dubai Future Foundation. “As we comme

article thumbnail

Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.