September, 2017

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Mobile Commerce To Break $250B By 2020

PYMNTS

After something of a slow start, mobile eCommerce is set to make up half of all online sales by the year 2020 — worth nearly $250 billion annually. That forecast comes care of “A Mobile Mindset,” the second volume in the five-part series, “The 2017 UPS Pulse of the Online Shopper.” The UPS-backed report is derived from the input of over 5,189 comScore panelists who made at least two online purchases in a typical three-month period.

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Why Regulation Won’t Fix Credit Reporting Agencies

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Some of the most memorable television commercials of the 1970s and 1980s were those promoting E. F. Hutton’s brokerage services. When its tagline, “When E. F. Hutton talks, people listen,” was spoken in those commercials, everyone in the room stopped, turned to look and listened with rapt attention to the person who uttered those words. The person speaking never revealed what E.

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How A Bank And A FinTechs Are Jointly Cracking The Code On Financial Inclusion

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The favored narrative about banks and FinTech startups is generally not a love story. Usually, it is more of an all-out war story. Banks represent the old way of handling financial services – and in fairness, they carry a lot of responsibilities that deposit-taking institutions don’t necessarily have. Of course, banks have to be run with safety and soundness to protect those deposits, but they also have myriad public mandates, like fair lending, anti-money laundering and customer privacy.

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How Food And Retail Can Collaborate Via Blockchain

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Although many people equate blockchain technology with the banking and computer worlds, the technology is changing the food landscape as well. Companies like Walmart, Kroger and Nestle recently joined a partnership effort involving blockchain, signaling that the Internet of Things is making its way into Americans’ kitchens. But what hasn’t been so deeply explored is how that technology can help food producers and retail firms collaborate more deeply, helping both succeed and strengthening the in

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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.

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Some SMBs Dangerously Ignorant Of Cybersecurity Threat

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The research is clear: Just because a business is small does not mean it survives undetected from a cyberattack. In fact, some SMBs may actually be a bigger target for cybercrime. For example, small U.S. manufacturers working with overseas business partners operate with a heightened risk for cybercrime, according to research from Bank of the West. In some cases, it’s a small businesses’ global expansion that heightens their risk.

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Banking On APIs For B2B Innovation

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Banks and FinTechs have been both competitors and collaborators in the financial services space. One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems.

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NEW REPORT: How Banks Are Driving API-First Strategies

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New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. But, because these solutions — like Bitcoin — are largely untested, many traditional banks are wary of investing in companies that operate in the space. Could APIs, which can help banks quickly assess a company’s risk level, help these FIs invest where no (or very few) players have invested before?

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Google, Intuit Pair Up For SMB Cash Management

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Google and Intuit are pairing up to help Australian small businesses (SMBs) get a better grip on cash management. Reports Wednesday (Sept. 13) said Google and Intuit Australia announced news of their partnership at the Google Cloud Summit, which was held in Sydney. As part of their initiative, Gmail now supports integrated eInvoicing using Intuit tools.

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Whole Foods Products Get A Boost On Amazon.com

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Amazon has sold $1.6 million in Whole Foods products in the first month since acquiring the national grocery chain. According to news from The Wall Street Journal , this is one of the first infusions of cash the eCommerce giant has delivered to Whole Foods through its website. Amazon completed $500,000 in online grocery sales in the first week after it started offering Whole Foods’ “365 Everyday Value” products, according to One Click Retail eCommerce data.

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New App Detects ATM Skimmers At The Pump

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Sparkfun has created a new app that gives off alarms if a skimmer is nearby at a gas station. The app, dubbed Skimmer Scanner, looks for the Bluetooth transmissions, talks to the source and determines whether it is a skimmer or not, reported Forbes. If the app detects questionable behavior, it will send an alert to your smartphone. The company behind the app, noted the article, has worked with law enforcement agencies and has a deep understanding of how skimmers behave.

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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.

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Jewel Paymentech Puts Banks On Par With FinTechs

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There’s one thing banks and FinTechs can agree on: Those old-fashioned merchant onboarding processes take way too long. But nimble FinTechs have been able to move much faster to address that compared to their lumbering legacy competitors, and that has often left traditional banks to watch as merchants turned to the FinTechs instead. Singaporean startup Jewel Paymentech is on the banks’ side.

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The Beginning Of The End For Bitcoin?

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Bitcoin has been riding a bit of a rollercoaster in the past few weeks since hitting an all-time high of more than $4,800 per digital coin on Aug. 31. To continue the rollercoaster analogy, the cryptocurrency’s value has been on a steep climb all year, and it stands to reason that bitcoin’s skyrocketing value must eventually slow and reverse. What goes up must come down, as they say, and many are predicting that bitcoin’s time has come (or at least they’re hoping that’s the case).

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China Creates National Cyberattack Database

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China revealed that it is creating a national cyberattack database and will require telecom firms, internet companies and domain name providers to report any threats to it. According to news from Reuters , the Ministry of Industry and Information Technology (MIIT), which is creating the platform, announced that companies and telcos – as well as government bodies – will be required to share information on cybercrime, including Trojan malware, hardware vulnerabilities and content linked to “malici

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Smarter Homes And Offices

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OK, Google. Listen up, Alexa. Playtime’s over. It’s time to step outside the smart home and begin to build the smart office. The same tools that make life easier and more efficient in people’s personal lives could just as well be applied in a work setting. There are the obvious customer service applications in retail and call centers, and these are what most people are talking about.

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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.

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Re-Packaging Apps To Sell: What Will It Take?

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Is the app marketplace dying a slow death? Consumers have certainly gotten past the novelty phase, with more than half of U.S. smartphone users downloading a grand total of zero new apps each month. So, does that mean consumers are moving on, or simply that they are expecting more from apps and their developers? If it’s the latter, what will it take to hold their attention – more visibility from the Apple App Store ?

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Equifax Lets Go Of Two Execs; Wealthy Victims Could Be At Risk After Breach

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In the wake of the massive data breach at Equifax , the embattled credit scoring company announced that the Chief Information Officer, David Webb, and the chief security officer, Susan Mauldin, will both retire. According to a report in the Wall Street Journal , Webb’s job will be taken over by Mark Rohrwasser, who has headed up Equifax’s international IT operations since 2016.

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Virtual Cards’ Role In B2B Payments Digitization

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Even as B2B payments progresses toward digitization, paper checks stick around. Analysts and industry players generally have their bets set on ACH to help guide accounts payable toward electronic payments, and indeed, research suspects ACH payments will finally surpass paper checks in corporate payments (the Federal Reserve’s latest data found it already has).

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Equifax Blames Flaw In Database Software For Breach; Backlash Mounts From Consumers, Lawmakers

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Equifax, the credit scoring company that suffered a data breach that impacted as many as 143 million Americans, is blaming a vendor software flaw in its online databases. According to a news report in the The New York Post , hackers were able to steal customers’ data — including Social Security numbers — due to a weakness in open source software developed by Apache Software Foundation.

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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

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Amazon Takes Territory In US And Beyond

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Amazon’s empire just keeps getting bigger, and although it’s conquered much digital territory, we’re actually talking about its geographical empire this time. In addition to the second headquarters Amazon plans to build in whichever U.S. city extends the best offer, it’s also got new offices and warehouses in the works both domestically and abroad. Concord.

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Barclays Deluged With Complaints Over New Investment Website

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Barclays, the U.K. financial firm, is having a tough go of it with its new DIY investment website , with customers facing all sorts of problems from not being able to log into accounts to missing transactions. According to a news report in The Financial Times , the new DIY investment website is a replacement for its stockbroking service, with it moving more than 200,000 customers over during the long weekend.

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Mastercard Wants To Help Their Partners Bridge The Digital Gap

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The wonders of the mobile-digital age at this point need no introduction – particularly when it comes to enabling an entirely new world of transactions. At the dawn of the digital era, consumers made transactions generally by cash, check or card – and almost always in a store. The world of payments and commerce was not terribly complicated. Flash-forward 17 years into the digital era, when people shop on computers, on phones and (increasingly less often) in stores.

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Hilton Rewards Points Can Be Used On Amazon.com

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Hilton Hotels, a hotel operator , announced Tuesday (Sept. 19) that Hilton Honors loyalty rewards members will now be able to redeem their Hilton Honors rewards points on Amazon.com. In a press release , Hilton said the program has 66 million members and also announced it is the first hotel operator to offer customers the ability to redeem rewards points through Amazon. .

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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.

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Blockchain For The Average Joe

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Imagine shopping for a new outfit, computer or groceries and paying for the purchase with bitcoin. Yes, in a real store. Why not? Love or hate blockchain, there’s no denying that digital currencies have grown in popularity, and there is certainly a market for cryptocurrency acceptance at physical retail points of sale (POS). In fact, a few companies are even supporting it already, including Ingenico.

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SaaS Enjoys Venture Capital Boom

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The Software-as-a-Service (SaaS) startup space is no longer in the limelight, but this week venture capitalists put their own spotlight on the industry, providing more than $75 million to four firms in the sector. The companies range from product life cycle management solutions to those that help other SaaS firms retain clients. Plus, backers showed an interest in small business finance and B2B eCommerce.

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Meet “The Airbnb of Warehouse Space”

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There’s a ton of warehouse space in the United States today: about 14.5 billion square feet, according to Jonathan Rosenthal, chairman and co-founder of Warehouse Exchange. But that’s not the shocker, he told Karen Webster in this week’s Matchmaker. According to Rosenthal, the amount of space that goes unused on any given day is 4 billion square feet, or roughly 30 percent.

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Voice AI Devices Vulnerable To Ultrasound Hacks

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Scientists have discovered that Siri, Amazon’s Alexa and other voice assistant programs can be controlled using inaudible ultrasound commands. The Verge reported news that researchers at China’s Zheijiang University have found that these inaudible commands can be a new cyberattack method for hackers targeting phones, tablets and even cars. To prove their theory, researchers created a program to translate normal voice commands into frequencies too high for humans to hear using harmonics.

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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.

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Hearables: Taking Voice Control Beyond Smart Speakers

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What’s better than being able to boss Alexa around at home? How about being able to boss her around everywhere else, too? It’s becoming possible with hearables — and no, that’s not a typo. Hearables may be the next big wearables if the voice activation trend continues the way it’s been going. The world already has Bluetooth earpieces and wireless earbuds.

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Mastercard: Micro Businesses Can Move Financial Inclusion’s Largest Roadblocks

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Promoting financial inclusion — a lofty ambition targeting two billion people around the world who currently live without the ability to securely send and receive money — is about more than taking cash away, handing those consumers an electronic payments solution and opening up bank accounts for them. Even with solutions like that in place, reliance on cash persists.

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Venmo Launches Visa Debit Card Via Shift Financial

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Venmo is testing out a free debit card for select users that is linked to their accounts. According to a TechCrunch news report, the company is inviting select users to participate in a beta program. They will receive a free Venmo debit card that is attached to their Venmo account. Users can pay with the card in stores, online or as a mobile payment, and the money will be debited from their Venmo balance.

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How Mobile Solutions May Help Address Slipping Corporate Travel Policy Compliance

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Sabre Corporation has published the results of its “ 2017 Asia Pacific Corporate Traveler Study ,” identifying two major trends driving business travel in the region: an increased emphasis on mobility and a growing concern over non-compliance. The company surveyed corporate travel professionals across 19 markets in the Asia Pacific region, including professionals at travel management companies and agencies representing corporate travelers.

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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.