PYMNTS
MAY 28, 2018
Apple is reportedly gearing up to allow third-party developers to get full access to the Near-Field Communications (NFC) chip in the iPhone with iOS 12. Citing The Information, 9to5Mac reported that Apple is aiming for the iPhone to be used for more digital payments and other interactions, such as opening hotel room doors or as a virtual transit card for easier access to transportation.
Katz,Sapper&Miller
MAY 30, 2018
The valuation of closely held companies is a large and growing practice. However, most people are not aware of this valuation activity since the companies being valued are closely held and, thus, private in nature. Additionally, since closely held entities are typically smaller than publicly traded entities, fewer investors are affected by the results of such valuations.
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PYMNTS
MAY 29, 2018
U.S. software company Verint Systems, Inc. is looking to buy NSO Group, an Israeli company that sells military-grade technology, for around $1 billion. The Wall Street Journal reported that Verint has offered to pay NSO’s controlling shareholder, San Francisco-based private-equity firm Francisco Partners , with its own stock and assumed debt. If the deal is completed, Francisco Partners would become the largest Verint shareholder.
PYMNTS
MAY 30, 2018
It’s not easy being a bank these days, and it’s often easy to overlook how many challenges traditional banking players face, on many fronts. “Banks are burdened with a lot of challenges that are not of their own making or design,” Gerhard Oosthuizen, CTO at Entersekt , said in a recent conversation. Banks, he noted, have to be compliant with a host of extremely stringent regulations, and often across multiple jurisdictions – all with different rules.
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
JUNE 1, 2018
To help retain drivers on its platform, Uber is raising its fares in cities such as Washington, D.C., San Francisco and Los Angeles. The increases have come to both “time and distance” rates as well as “booking fees,” Financial Times reported. “We have to make [being an Uber driver] more attractive because the alternatives are becoming more attractive,” Uber CEO Dara Khosrowshahi told FT.
PYMNTS
MAY 29, 2018
In the early 1950s, an engineer named William Fair encountered a mathematician Earl Isaac who together decided to work out an automated credit scoring system for banks. In 1954, they came-up with the first version of the Fair Isaac credit score — or the FICO. It was a huge flop. Banks didn’t trust that an automated system could do nearly as good a job as personal bankers when it came to evaluating customers and their likelihood to repay.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
MAY 26, 2018
It’s been called many things: Fry Sauce, Go Sauce, Russian Dressing, Dutch Sauce, Golf Sauce. On occasion, it’s called nothing in particular. It’s the time-honored tradition of mixing mayonnaise and ketchup into a single, delicious pink sauce that combines the creaminess of mayonnaise and the tart flavor universally located in each bottle of ketchup.
PYMNTS
MAY 30, 2018
PayPal announced Tuesday (May 29) that it has acquired Jetlore , the artificial intelligence-powered prediction platform. In a blog post , PayPal said Jetlore’s platform is used by some of the leading retailers around the globe. “With Jetlore’s talent and AI-powered technology, we will enhance and accelerate PayPal Marketing Solutions, adding new capabilities that continue to expand PayPal’s value proposition for merchants beyond the online checkout experience,” wrote PayPal in its blog post.
PYMNTS
MAY 31, 2018
Internet of Things (IoT) technology isn’t just for a smart fridge or a smart speaker in the home: It also has applications for retailers. Swift Sensors , for example, developed a sensor network that monitors variables such as temperature and humidity for restaurant settings. Deployed in a restaurant setting, it has applications in walk-in coolers, freezers, prep lines and ovens.
PYMNTS
MAY 30, 2018
It’s an experience that almost every American adult can relate to: the holiday trip to an emergency room with an injured or sick child that becomes a half-day experience. It’s usually prompted by a just serious enough medical emergency that doesn’t quite require an ambulance, but does require a higher order of care than the typical urgent care clinic – and something that can’t wait for normal office hours the next day.
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
MAY 29, 2018
More than half of all drivers think they are better than average at driving — a fact that mathematical possibility cannot approve. Some of those people are certainly wrong but, though it is fun to judge, the fact is that knowing what one doesn’t know — and where to fill in the gaps — is not easy. It’s especially difficult when one is adapting to a new regulatory order , building to the API-driven future , creating a C-suite team or even underwriting a loan for a rarefied population like soldiers
PYMNTS
MAY 29, 2018
If you really know the music industry , you know that many tour managers and accountants are barely a half-step removed from the glory days of the abacus. So many of them — along with their peers in other areas of show business — spend long hours counting paper receipts and going through a laborious, nearly ancient process of paying for, and recording, petty expenses.
PYMNTS
MAY 31, 2018
The Internet of Things (IoT) is growing rapidly – too rapidly, some would say. The proliferation of connected devices on the market can make securing each one a challenge. Even where security is sufficient, connected consumers have many devices, and the more they have, the more difficult it is to get all of them playing nicely together. Michael Orlando, COO, FitPay , says security across devices is one of the greatest obstacles the IoT will need to solve, and it’s something the tech startup has
PYMNTS
MAY 30, 2018
New technology and innovations are pushing the payments industry forward, making transactions speedier and safer than they were before. But the emergence of new tech in the financial services market is also inviting new challenges, especially as older and newer FIs compete for the same customers. Among the key challenges faced by both newer and more established players is getting all parties to speak a common language and quickly adapt to new rules.
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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
MAY 30, 2018
The Prime rewards are coming; the Prime rewards are coming. Such is the hue and cry set to go off in about a dozen states, as Amazon is starting to ramp up its discounting for Prime members in Whole Foods locations nationwide. The move, in some sense, is not much of a change in pace for Whole Foods — once known “affectionately” as Whole Paycheck — under Amazon’s ownership , where prices have come down in many ways.
PYMNTS
MAY 29, 2018
The authorities in the country of Kenya have charged 54 people — most of them civil servants — with stealing close to $100 million of public funds. In what is seen as a rare move to hold officials accountable for graft, Reuters reported that, according to Kenyan’s Chief Prospector Noordin Mohamed Haji, among those “charged was the head of the National Youth Service, … senior accountants within the government agency and the chief internal auditor of the national treasury.” Durin
PYMNTS
MAY 31, 2018
Fraud is always evolving. Beyond the hack in its rawest form — breaking into systems or hardware to steal individuals’ personal data — criminals are using their wily ways to manipulate consumer behavior. And the weapons by which bad actors manipulate their unwitting victims into giving up personal information or handing over money outright are proving to be varied as well, stretching across email and text messages and even the old-fashioned phone call.
PYMNTS
JUNE 1, 2018
Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank. Bloomberg , citing Siim Sikkut, an official who heads up the information technology strategy for the Eastern European country, reported it had planned to peg the cryptocurrency to the euro or would offer the digital tokens to all of its citizens — but instead they will be offered to foreig
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
MAY 31, 2018
It’s been three years since Mastercard started its Send offering for card-based push payments. In the tech world, that’s a long time, but in the banking space, things can move a bit more slowly – which means Mastercard Send is still breaking into new use cases beyond its original intent. One key area that wasn’t on the road map three years ago? B2B.
PYMNTS
MAY 31, 2018
Mastercard announced today that Simon Hunt, a cybersecurity expert, has joined the company as executive vice president to head the cybersecurity solutions unit. In a press release , the payment company said Hunt’s role will increase Mastercard security capabilities for its credit cardholders, customers, merchant and other stakeholders. The move comes as the threat of cybercrime grows.
PYMNTS
MAY 30, 2018
Most consumers never give a second thought to technology that underpins payments. When a customer swipes or inserts a card at the point of sale (POS), what’s top of mind is the item for which they have paid, perhaps the payment method, and maybe how they’ll get it home. They might muse over how much money is left in the till, so to speak, after the completed transaction.
PYMNTS
MAY 29, 2018
The basic rule of personal security has changed little since ancient times: A person’s home — or hut, cottage, hovel or flat — is that person’s castle, the main location where relatives and valuables are secured from nefarious forces outside the door. Not any longer. That’s according to Tony Ball, senior vice president and general manager of identity and access management for Entrust Datacard , during an interview with Karen Webster for the PYMNTS “ Economy of Trust ” podcast series.
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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
MAY 31, 2018
Babylon , the digital health startup out of the U.K., inked a deal with Samsung in which it will provide consumers with access to artificial intelligence-enabled doctors via smartphones. According to a report in the Financial Times , Samsung has agreed to preinstall the technology into its new devices, enabling consumers to set up a video appointment with a doctor or get a check of symptoms via Samsung’s Health app.
PYMNTS
MAY 31, 2018
And here come the subpoenas …. This week, Uber and Lyft were told by San Francisco City Attorney Dennis Herrera to “turn over records on whether they classify drivers as employees or private contractors, as well as records on driver pay and benefits,” according to a statement from his office. The move comes as a result of the recent decision from the California Supreme Court that said gig economy companies can’t count workers as independent contractors instead of employees.
PYMNTS
MAY 30, 2018
Is higher education a conduit to workers skimming from their institutions of learning? In a few incidents seen earlier this month, it seems like skimming takes its place with reading, writing and arithmetic. In one bit of news from Madison.com , a former University of Wisconsin-Madison employee stole as much as $113,000 through fake companies and fraudulent checks, using those methods as means to make personal transactions over more than two years.
PYMNTS
MAY 29, 2018
Rocket Internet , the Germany eCommerce company, is aiming to invest in financial technology and artificial intelligence startups with the $3 billion in cash it has, reports Reuters. Reuters, citing comments the company made after reporting earnings Tuesday (May 29), reported that Chief Executive Oliver Samwer wants to invest in the tech sector, but didn’t offer a time frame as to when the company will deploy its cash.
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
MAY 30, 2018
Amazon , Google and Apple are all gunning to become the biggest name in the global smart speaker market, but Russia is one country that has been more or less left alone by the international tech giants. Over the past 20 years, Russia has instead been incubating its own tech giant, Yandex , which has grown to be something like the country’s own version of Google mixed with Uber — mixed, now, with Amazon, as the company debuts its Prime-like Yandex.Plus membership and Yandex.Station smart speaker.
PYMNTS
MAY 29, 2018
The QR Code has been enjoying some love and attention over the past few weeks, though the prospects for the digital payment tool remain relatively limited outside of Asia, at least according to one report. First up, EMVCo, the global technical body that manages those payment specifications, just introduced what it calls a QR Payment Mark. The idea is to “promote global interoperability across EMV QR Code payments,” the standards group said in a statement.
PYMNTS
JUNE 1, 2018
Venture capital activity within the B2B realm saw a few large deals, and a subset of smaller ones. The dominant headline of the week came as Tradeshift , which serves supply chains with a focus on payments and marketplaces, said that it had raised $250 million in a Series E funding round that was led by Goldman Sachs and Public Sector Pension Investment Board (PSP Investments).
PYMNTS
MAY 31, 2018
Two hundred years ago, the world was introduced to Dr. Victor Frankenstein. Mary Shelley ’s book “ Frankenstein ” was published in January 1818 and told the story of a genius scientist, Victor Frankenstein, and his work to create the perfect creature from the flesh of corpses. Frankenstein’s creation turned out to be not so perfect. His massive size and looks scared people to death, so he was forced into hiding.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
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