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In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we check out a small country with a huge potential to emerge as one of Europe’s premier FinTech spaces. Before we jump into the post, here are a few quick facts about the Netherlands and its tech scene: . The Netherlands is estimated to have a population of 17 million. The country’s GDP was approximately $880 billion in 2014.
With the rise of Amazon Prime and eCommerce , more packages are being delivered to customers’ homes than ever before. It’s now possible to order everything online for in-home delivery from groceries to pet food to toilet paper, and consumers can usually get those items delivered to their doorstep overnight or in a manner of hours. The U.S. Postal Service delivered 4.5 billion packages in 2015, a big jump from the 3.3 billion in packages it delivered to customers in 2011, and now accounts for abo
There’s no question that mobile has established itself as a default channel as far as the average consumer is concerned, and the growing cottage industry of turnkey software-as-a-service startups proves that getting on mobile is as ironclad a requirement as it gets in commerce. But starting up a mobile operation is just one half of a potentially profitable coin.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Selfies or vacation photos are apparently a big business. Seriously. Pixlee , a San Francisco-based startup, allows retailers or brands to market directly to customers by using their own photos through curating them from social media or having the customer directly submit them for use, which the company says leads to a more authentic and engaging shopping experience for consumers.
Walletron , the bill presentment and payment capabilities firm, announced a partnership with Speedpay , the payment services company, in which Speedpay will offer Walletron’s moBills. With moBills, biller clients can send personalized notifications and bill information and enhance the payment experience to customers’ smartphones without them having to download an app.
There was a time when it seemed that ubiquity would become the focal point of full-service and mobile payments systems. Experts believed that universally accepted mobile wallets from trusted companies like Apple or Samsung would dominate the new wave of payments. That belief was perhaps misguided, according to Stephen Goodrich, president and CEO of ZipLine, the company that built the loyalty and mobile payments app known as SmartPay for popular convenience and gas chain Cumberland Farms.
There was a time when it seemed that ubiquity would become the focal point of full-service and mobile payments systems. Experts believed that universally accepted mobile wallets from trusted companies like Apple or Samsung would dominate the new wave of payments. That belief was perhaps misguided, according to Stephen Goodrich, president and CEO of ZipLine, the company that built the loyalty and mobile payments app known as SmartPay for popular convenience and gas chain Cumberland Farms.
The worldwide eCommerce industry is headed towards a $781 billion valuation by 2024. That figure, released earlier this month by Transparency Market Research, is driven by the increasing adoption of international eCommerce capabilities by sellers. In its analysis, Transparency Market Research said this growth will bring new business to a host of service providers. “The whole pie is expanding in every direction, and there may be enough to serve everyone, from the traditional logistics giant
Popular announced on Tuesday (Aug. 23) that it has become the second financial institution in the U.S. and the first in Puerto Rico to offer its credit cards for use in Cuba. In a press release , Popular said the Mastercard credit cards of its two banking subsidiaries, Banco Popular de Puerto Rico and Popular Community Bank, can be used at any of Cuba’s authorized merchants and ATMs throughout the country.
Despite the fraud benefits that EMV has provided to retailers with terminals on their countertops, there has been one consistent refrain from retailers and their customers alike: It takes too long. Too long for terminals to be tested and certified and too long for consumers to insert their card and wait for the transaction to be approved. Help has arrived.
With advancements in technology, parents are doing their homework online before making purchases online and in-store. The Vantiv Back-to-School Report — Special Edition takes a look at the latest back-to-school shopping trends and includes hot-off-the-presses insights from Google. Twenty years ago, taking a trip to the mall or retail store for some good old-fashioned back-to-school shopping was the norm when it came to getting new outfits and supplies.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
It might seem like a weird contradiction, but mobile shopping apps are changing the way that customers engage with and shop at traditional brick-and-mortar retailers. “Most shoppers are now armed with a mobile device when they enter a retail store,” according to a study on mobile apps by MicroStrategy , a global analytics company. “They are highly informed and expect the retail employees they interact with to be at least (if not more) knowledgeable about a store’s products, promotions and servic
Millennials may know something that their older counterparts haven’t figured out yet: Cash is better than credit cards. That’s according to data from the Federal Reserve that shows that the number of people under the age of 35 in the U.S. that own a credit card has dipped to the lowest point since 1989, when the Federal Reserve started collecting data on credit card ownership.
There were more robots ordered for manufacturing and business purposes in the first half of 2016 than at any point ever before, according to the Association for Advancing Automation (A3). A3 says the rise in automated manufacturing “promises increased efficiencies in production and the ability to compete globally.”. In total, 14,583 robots, at a value of $817 million, were ordered by North American companies during the first half of 2016, according to A3, which is a record and a 2 percent growth
Ninety percent of the $10 trillion “push” payments market opportunity is concentrated in a variety of disbursements made between businesses and consumers that today rely on cash, checks and ACH to move money between those parties. Insurance payments, healthcare reimbursement, merchant settlements, loan disbursements, and payments to workers participating in the shared economy represent a $9 trillion opportunity filled with friction for both the sender and the receiver, with the remaining $1 tril
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
The term “ Internet of Things ” has become a big buzzword in business lately, but what exactly is it and why might it shape the future of the retail industry? Simply put, think of the Internet of Things as an “interconnected ecosystem of internet-enabled objects,” according to eMarketer. So, things like your mobile device and tablet are part of the Internet of Things.
You know what they say, everything is bigger in Texas. That couldn’t ring truer for the state’s capital, which many consider to have a tech scene bursting with potential and growth. Though Austin may fall in the shadows of bigger U.S. tech hubs, like Silicon Valley and New York City, the city has been recognized as having a fast-growing tech sector with strong expansion.
Sure, there are a variety of things Alexa can do — such as order groceries, make playlists and tell jokes — but the usefulness of those things is rather subjective. Lost phone on the other hand? That’s something that affects approximately 99 percent of humans at some point and makes everyone everywhere hostile. It is also something Alexa can now fix for you.
At first glance, the business model behind Vacasa , the vacation rental home startup, sounds very similar to the one behind Airbnb. But Cofounder and CEO Eric Breon says that the two online rental startups are actually vastly different from one another. First, according to Breon, Vacasa tends to operate in smaller towns and more affluent communities, where people have vacation or second homes, as opposed to larger cities and urban centers, where Airbnb typically dominates the market.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Banks across the globe have invested resources into exploring blockchain technology, and that includes in Canada. But this year, the nation thrust itself into the center of the movement that looks to turn blockchain theory into reality when, in July, Canadian bank ATB Financial successfully sent money to a German bank via blockchain technology — in just 20 seconds.
That “M” word – Moving. It’s something that people do a lot of. The packing. The lifting. The schlepping. The loading and unloading. The unpacking. Moving is one of the worst, most frustrating activities known to man, woman and child. Unless, you can, of course, get someone else to do it for you. That someone else – or at least one of those “someone elses” is Shaun Savage, who launched GoShare in May 2015.
A new flaw has turned up in the chip-based cards on offer in the U.S. According to new data released by researchers at NCR, credit card thieves can apparently rewrite the mag stripe such that the card looks to be chipless when run through a card reader machine – even though such machines should kick back the swipe and tell the user to insert the chip.
Transferring money digitally just got even easier for Facebook users, now that digital money transfer firm Azimo announced it is integrated into Facebook Messenger. That means users can send and receive money through their friends list on Facebook. “With 1 billion people now using Facebook Messenger, we saw an opportunity to make our customers’ lives easier and change money transfer forever.
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
Pet owners, rejoice! Soon, you may own a pet food bowl — integrated with Internet of Things (IoT) technology and Amazon ’s Dash Replenishment Service (DRS) — that will automatically reorder dog or cat food. Pet owners may not have to worry about running out of pet food ever again. So says Obe , a San Francisco-based startup, whose ProBowl, a new IoT-enabled device, can track supplies and reorder food.
First, it was Oracle Corp. and its MICROS customers that were getting hacked, and now, it appears more cash register vendors are falling victim to hacks that were allegedly conducted by the same Russian organized cybercrime group. That’s according to Forbes , which said it was informed by five cash register providers of the breach. According to the report, in the last month, Cin7, ECRS, Navy Zebra, PAR Technology and Uniwell were all hacked.
Millennials are buying fewer houses than their Baby-Boomer counterparts – that is inarguable by the data. Across age groups, the U.S. homeownership rate has fallen to a 50 year low – 62.9 percent – and that dip is mostly powered by millennial homebuyers who aren’t buying. Among those under the age of 35, home ownership rates are just over 1/3 – and about half the national figures.
Singapore is preparing for a FinTech revolution. The small nation is making a big push in support of FinTech innovation by reforming its payment laws. Singapore’s financial authority said it will look to consolidate existing legislation related to payment systems, stored value facilities and remittance businesses in order to create a new combined regulatory framework. “A more calibrated regulatory regime, applied on an activity basis to payment service providers, rather than specific payme
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
The coming ascendence of augmented reality and virtual reality have long been article fodder for tech enthusiasts, gamers and retail watchers alike. And for good reason – the story of virtual and augmented reality makes for some great copy. Oculus Rift rose from being a plucky crowdfunded upstart to a $2 billion dollar acquisition by Facebook – a deal that Marc Zuckerberg touted at the time as a first step toward using AR/VR tech to connect the entire world in wholly different ways.
The blockchain has been touted as a technology to revolutionize a lot of things — moving money, clearing trades, making contracts smart and enforcing terms. But curing what ails loyalty? That’s the view of Ron Quaranta, COO of loyyal and chairman of the Wall Street Blockchain Alliance. In the latest installment of Topic TBD, Karen Webster spoke with Quaranta about how blockchain is just what the doctor — or anyone interested in attracting and retaining an engaged consumer — ordered.
Bitcoin is going more mainstream in Africa, if the United Nations has anything to do with it. On the United Nation’s OnlineVolunteering.org website, the agency said it is looking for volunteers to help boost the adoption of the digital currency in Africa. The post says it is looking for qualified people to work for free to help educate the young people of Sierra Leone about bitcoin.
A proposition back in 2011 to close a loophole that enables drug cartels to move large sums of money across boarders using prepaid cards has been delayed but is not dead. According to a report by Reuters , the U.S. Treasury Department’s Financial Crimes Enforcement Network spokesman Stephen Hudak said the rule is being reworked and could be resubmitted in 2017.
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
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