PYMNTS
APRIL 5, 2016
Uphold isn’t a bank, and it’s aiming to disrupt the traditional financial services industry. But traditional FIs are an essential partner for the firm. Last week, Uphold announced a partnership with India’s IDFC Bank, a move that allows Uphold’s business and consumer customers to conduct cross-border transactions to and from the home of the world’s fastest-growing economy.
PYMNTS
APRIL 15, 2016
Merchants have a lot going on these days. The EMV liability shift just hit the six-month mark , the force of mobile continues to strengthen, and industry players are shape-shifting their business models all while authenticating consumers just keeps getting more complex – and that’s the tip of the iceberg. As Merchant Link CIO Scott Carcillo pointed out during a recent sit down with MPD CEO Karen Webster to discuss what’s happening in the world of merchants and how they’re overcoming the challeng
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PYMNTS
APRIL 1, 2016
Perhaps put in a litigious mood by the lawsuit recently filed against her and her sisters, Kourtney and Khloé, by Hillair Capital Management for the trio’s alleged failure to promote the “Kardashian Beauty” makeup line — and/or worried that she’ll need to bring in some extra money to pay for the $180 million in damages being sought therein — Kim Kardashian West has gone on the legal offensive in a completely unrelated manner.
PYMNTS
APRIL 14, 2016
Bank of America just took a major step toward extending its mobile banking services to a growing base of millennials that are steering away from traditional banking. The bank announced its collaboration with Facebook in which it is developing new capabilities that would allow its customers to stay connected with the bank on Messenger. The announcement comes on the heels of Facebook’s F8 conference, where the tech giant revealed details on its plan to commerce-enable its Messenger app via
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.
PYMNTS
APRIL 29, 2016
It deserves to be said — before jumping into the speculation well about Apple’s future with Tesla — that there is perhaps something a bit silly about jumping to endgame planning on the basis of a single quarterly earnings result. Apple may have posted its first negative sales result in 13 years, but it does at least bear mentioning that it was a pretty impressive streak that probably was, logically speaking, going to have to end one day.
PYMNTS
APRIL 28, 2016
“Open Sesame” was the magical phrase that a poor mythical woodcutter named Ali Baba uttered to open the door of a secret cave in which 40 thieves had hidden bags of gold. The power of his voice, and using the right words, gave him access to that fortune, and changed his life forever. Here at PYMNTS, we think that it’s quite possible that the future of payments and commerce lies in the power of the spoken word, too.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
APRIL 18, 2016
Too bad for Andrew Jackson that the musical about his life wasn’t nearly as popular as the one about Alexander Hamilton. CNNMoney reports that a groundswell of support to keep Alexander Hamilton on the $10 bill — much of it bolstered by the phenomenal success of the hip-hop Broadway musical “Hamilton” that opened last summer — has compelled Treasury Secretary Jack Lew and the U.S.
PYMNTS
APRIL 6, 2016
There is an ancient piece of wisdom that dictates one should either go big or go home, and according to recent reports, Stuart Sopp has no intention of going home. Instead, he is looking for the firm he founded — Current — to become the first digitally native global bank. Big dreams, especially for a firm that is currently acting as a money transfer service for Slack , a workplace (and increasingly small group) messaging service.
PYMNTS
APRIL 4, 2016
In January of this year, I wrote a piece in which I said there were six things that would shape the direction of payments and commerce in 2016. Third on that list was “contextual commerce.”. I argued that making buying seamless inside of environments that consumers used regularly for other reasons would drive innovation for those environments —and for the third parties that enabled those new commerce experiences.
PYMNTS
APRIL 26, 2016
The EMV numbers tell a compelling story. In the six-plus months since the EMV liability shift deadline hit the U.S. payments market, the continued momentum of EMV adoption has surprised just about everyone. As part of its six-month EMV checkup , MasterCard said that more than two-thirds (67 percent) of its branded consumer credit cards in the U.S. have chips in them and that roughly 1.2 million U.S. merchant locations now accept chip cards.
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.
PYMNTS
APRIL 18, 2016
Until about a couple of weeks ago, bots were mostly thought of as the last four letters of a word that began with “ro” and a concept that even Alphabet decided might not be ready for prime time. Well, that is unless you’re in Japan where robots – dinosaur robots to be precise — are now acceptable substitutes for hotel reception staff. Who knew — the next big thing in hospitality, checking in via raptor.
PYMNTS
APRIL 21, 2016
Ford is soon launching its new FordPass platform that, according to the company’s website, comes with a pretty big ambition: to “empower” consumers to “rethink the way [they] move.”. And not through fancy new cars with 435 horses under the hood, but instead “through a collection of personal, digital and physical solutions.”. FordPass is an app-based platform intended to assist users with mobility, through a series of solutions for everything from parking to unlocking a user’s car and diagn
PYMNTS
APRIL 19, 2016
It’s official. Since the cutover to EMV in October, fraudsters have moved their business online. And we can tell you just how much. The Global Fraud Index, a PYMNTS and Forter collaboration , shows that online fraud attacks have jumped by 11 percent since the shift. Digital goods retailers have suffered the worst of all as those merchants (think games, songs, movies) have seen a more than 300 percent increase in fraud attacks since the liability shift.
PYMNTS
APRIL 6, 2016
The biggest firms in the nation are gearing up for same day ACH payments – an eventuality that could hit in September of this year. As reported by NACHA, the electronic payments association, the readiness was disclosed in a survey that had been conducted by the association, with the two strongest use cases identified across same day ACH. Firms are looking to use ACH across payroll and B2B functions.
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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.
PYMNTS
APRIL 12, 2016
Meeting the consumer where they are. That’s the mantra of innovators everywhere. It’s what’s turned the retail word upside down as consumers with their mobile devices have decided they’d rather buy from their couch with their mobile phone than schlep to the mall. It could also be what could transform what used to be called the “unattended” or “vending” industry.
PYMNTS
APRIL 12, 2016
Crowdfunding may be a stylish way for a business to get off the ground, but the crowdfunding model can play into small business finance in other ways. Kickfurther is one company that takes the model of a marketplace lending platform, allowing investors to finance a company against outstanding invoices and inventory. Now, one leading venture capitalist is supporting Kickfurther’s business model.
PYMNTS
APRIL 29, 2016
When it comes to fighting fraud in payments , one thing is very evident: It can’t be done alone. That’s why there’s more and more partnerships forming everyday across the ecosystem. And why more and more companies are rushing to implement solutions to fight fraud. In fact, as cited by TYSY in a recent report about managing fraud and how to prepare for the 2016 alerts requirements, there’s been a 40-percent decrease in incidents of fraud when cardholders monitor transactio
PYMNTS
APRIL 27, 2016
Can the data trapped in “Digital Exhaust” – like online and social media data – be used to validate identity and predict fraud? Socure sure thinks so. And it has the data model to prove it. Suppose you could build a model that would help financial institutions of any kind fill in those gaps with online and social data that could make thin files thick without increasing their risk?
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
PYMNTS
APRIL 11, 2016
Payment’s Next Big Thing: The “Uber Of Nothing” ”I’m about to sneeze. May I have a Kleenex , please?”. “I have a headache. Do you have an Aspirin ?”. “Quick! I cut myself and need a Band-Aid.” Kleenex. Aspirin. Band-Aid. It’s not as if a person making the request for a tissue, pain reliever or bandage was specifically asking for a Kleenex, Bayer Aspirin or Band-Aid brand item.
PYMNTS
APRIL 27, 2016
A joint venture from VirtusaPolaris and IT consulting firm WorkFusion is looking to give the banking and financial services sector a boost through robotics and automation. The collaboration , revealed Tuesday (April 26), is reportedly targeting FIs’ outdated tools and systems to jumpstart the sector’s ability to operate in the modern market. “Most financial services organizations continue to struggle with inefficient legacy systems that have not kept pace with the change in business and regulati
PYMNTS
APRIL 6, 2016
Though it was their grandparents that gave rise to modern American consumer culture, millennials often get dinged for being too obsessed with having the latest and greatest gadgets. While it’s true that Apple and other smartphone makers have developed nearly irresistible cults of personality around their brands, there’s evidence that millennials are just as quick to drop the essential items of generations gone by if it suits their needs.
PYMNTS
APRIL 15, 2016
For a while, body weight was the best factor for determining physical health. Somewhere along the way, body mass index took over the preferred spot. But now that BMI has been discredited, too, perhaps a more holistic way of looking at oneself might work? That’s the mission behind Naked Labs, which announced on Thursday (April 14) that it’s releasing what it calls “the world’s first 3D fitness tracker for consumers.” Essentially a full-length mirror and rotating pla
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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.
PYMNTS
APRIL 19, 2016
Craigslist is a remarkable living time capsule of the Internet Age — not only because it looks like it still runs off a Geocities template but because its business model hasn’t changed to any great degree since it started. What goes up must come down, though, and Close5’s 7 million app downloads may give Craigslist something to worry about.
PYMNTS
APRIL 1, 2016
The jobs picture in the U.S. is less than inspiring, according to new figures released by Challenger, Gray & Christmas yesterday (March 31). According to the report, the good news is that layoffs were down nearly 22 percent from February. The March total of 48,207 layoffs is the lowest since December 2015. The bad news is that the totals were up 32 percent from the same time in 2015, making last month the fourth in a row in which the year-over-year total has increased.
PYMNTS
APRIL 26, 2016
Visa has set an Oct. 14 date for having all issuers provide consumers with Purchase Alerts on all on and offline Visa transactions processed through VisaNet (GPR and commercial cards are excepted). PYMNTS asked Mark Nelsen, SVP of Risk Products and Business Intelligence at Visa, to give us a little insight and a few answers to the questions that we’ve been getting about this service.
PYMNTS
APRIL 26, 2016
[link]. Real-time access to data is important for many reasons but perhaps never more important than being able to make a quick — and accurate — decision about whether a customer applying for a loan is legitimate or fraudulent or about whether a borrower should be offered Loan A or Loan B based on their credit score. Access to real-time data analytics can have the power to change the way these types of decisions are made, making it no surprise that businesses are seeking real-time decision-makin
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.
PYMNTS
APRIL 21, 2016
While Square is going after Stripe (and BlueSnap, and PayPal, etc.) with its recent offering that allows merchants to accept payments online, it appears that First Data is hot on its tail. After, earlier this year, launching Clover Go — which competes with Square in the realm of mobile payment acceptance — First Data yesterday (April 20) announced the launch of Clover Online Store, a solution that — similarly to the capabilities offered by Square’s “Build With Square” tool set
PYMNTS
APRIL 21, 2016
As the world goes increasingly digital, banks are struggling to decide how they should package their digital service offerings. Should they fold digital banking services into their existing traditional brick-and-mortar accounts, or spin them off into stand-alone, digital-only entities? Those that do decide to build new brands will likely need to ensure their customer experience rivals, or even surpasses, the experience offered by more traditional institutions.
PYMNTS
APRIL 29, 2016
According to the results of Verizon’s 2016 Data Breach Investigations Report , released on Wednesday (April 27), cybercriminals have become quite adept at using their victims’ human nature against them in order to get what they want. The annual study found that hackers are continuing to rely on attack methods such as phishing and ransomware , both of which enable them to capitalize on the element of human error.
PYMNTS
APRIL 28, 2016
“Competition is better for everyone.” – Visa CEO Charlie Scharf. A statement that sounds like exactly what you’d expect to hear from the leader of the largest payments network in the world. Until you consider the context in which it was said. Competition, Scharf believes, is what will keep every player in payments – large and small – focused on what’s really important – making payments the enabler for commerce in a variety of new end points. “Competition drives a better outcome for the end
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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.
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