PYMNTS

JULY 1, 2019

The rise of the global economy and the demand for swift and secure cross-border payments is driving the development of more efficient infrastructures, and spurring financial institutions (FIs) to experiment with emerging tech. According to the new Smarter Payments Tracker , cross-border business-to-business (B2B) payments generated approximately $125 billion in revenue last year, a figure that continues to grow as the economy becomes more global.

B2B 84

B2B Technology Retail Start-ups 84

PYMNTS

JULY 5, 2019

It’s been a little over two weeks since we all got our first look at Libra and Calibra. No doubt there will be countless news stories to come, and opinions on why it will or will not fly. Here are the things I will be watching for over the coming months, things that I think provide a useful framework for understanding how Libra and Calibra’s future takes shape: How many of the 28 Founding Association Members will pony up $10 million to remain members.

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Government Construction Start-ups Technology 82

PYMNTS

JULY 2, 2019

Payment bottlenecks cause problems for all types of consumers and companies, not the least of which are small and medium-sized businesses (SMBs). But a new offering from PayPal and Visa could help ease those frustrations and hassles. The two payments firms announced on Tuesday (July 2) the launch of PayPal’s Instant Transfer in Canada for SMBs and individual consumers.

accountant 79

accountant Account accounted Sales 79

PYMNTS

JULY 1, 2019

Passwords are increasingly vulnerable in today’s day and age. Hacks and data breaches have become all too common, with fraudsters turning to “brute force” attacks and plugging in commonly used passcodes to gain access to users’ accounts. There is a growing need for stronger authentication methods as the number of attacks continues to climb. Unfortunately, FIs are often caught between balancing more stringent security tools and offering the seamless experiences consumers crave.

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Technology accountant Account accounted 75

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.

Account

PYMNTS

JULY 1, 2019

Younger consumers — millennials, Generation Z — seem to get all the focus when it comes to eCommerce and digital payments these days. But older citizens are still out there, shopping, buying and paying, and they are getting attention from businesses, too — and that consumer segment, in its own way, is pretty important to the future of retail and payments.

Technology 72

Technology Start-ups Retail accountant 72

PYMNTS

JULY 3, 2019

Ireland’s Data Protection Commissioner (DPC) announced that it has launched a third privacy investigation into Apple. The tech giant’s main regulator in the European Union (EU) said it is looking into whether Apple has complied with the EU’s General Data Protection Regulation (GDPR) privacy law regarding an access request from a customer. Under GDPR, regulators can hit companies that do not comply with the regulations with fines of up to 4 percent of a company’s global revenue or €20 milli

Maine 71

Maine Government 71

PYMNTS

JUNE 30, 2019

As a way to provide users with an alternative to sign-in platforms from Google as well as Facebook, Apple debuted a new Sign In with Apple platform at WWDC 2019 in June. But the OpenID Foundation is posing questions about some of Apple’s decisions regarding the Sign In with Apple platform, 9to5Mac reported. The foundation said in an open letter posted online, “OpenID Connect was developed by a large number of companies and industry experts within the OpenID Foundation (OIDF).

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accountant Account accounted 71

PYMNTS

JULY 2, 2019

Call them errors made at the speed of commerce. Payments are gaining speed, as is fraud — and sometimes, simple human error is costing companies revenue, precious time or both. That’s especially true in the corporate realm, where transactions increasingly cross borders online, where payments can — depending on the firm and vertical — be worth millions of dollars and where thousands of transactions can happen within a single day.

B2B 70

B2B Technology accountant Account 70

PYMNTS

JULY 5, 2019

FinTech firms are taking on real-time payments for business-to-business (B2B) use cases – and teaming with banking partners to drive innovation. AvidXchange , for instance, worked with Fifth Third Bank to enhance B2B payments while leveraging the inherent capabilities in the RTP network from The Clearing House. The team was named the overall winner in the recent RTP Buildathon with its submission that offered supplier alerts to provide discounts to buyers, immediate supplier payments, real-time

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B2B Technology accountant Account 69

PYMNTS

JULY 2, 2019

Real-time payments (RTP) is a global initiative that’s been a decade in the making and counting, one that has gained momentum over the last several years. More than 50 countries are actively pursuing, piloting or already live with real-time payment programs. Just last week, the Nordic region — an area that includes Denmark, Sweden, Norway and Finland — took real-time payments up a level through an initiative led by the P27 Nordic Payments Platform , which is owned by Danske Bank, Handelsbanken,

Technology 68

Technology Government 68

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.

Account

PYMNTS

JULY 1, 2019

When it comes to the new and emerging legal cannabis industry – along with the closely related trade in CBD products – payments and compliance issues, as one can imagine, have tremendous importance, and companies are striving to get into the game via those angles. The latest example comes from LegitScript , which sells verification and monitoring services for online pharmacies.

Legal 66

Legal E-commerce Manufacturing Gaming 66

PYMNTS

JULY 3, 2019

ANZ , Commonwealth Bank , IBM , Scentre Group and Westpac have announced they are partnering to launch a live pilot for Lygon, a new digital platform using blockchain technology to digitize the bank guarantee process needed for retail property leases. While bank guarantees have primarily been issued manually and on paper, digitizing the process reduces the risk of fraud, decreases the chance for errors and significantly speeds up the entire process.

Retail 65

Retail Technology 65

PYMNTS

JULY 4, 2019

Cruise ships and musical festivals are not that different from each other, not these days. Both feature large crowds of generally like-minded people. Not only that, but aging and even younger rockers and other musicians are often featured on special cruises for serious fans — that includes groups that range from baby boomer favorites to extremely loud metal groups.

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Maine Retail Technology accountant 65

PYMNTS

JULY 2, 2019

Thanks to the digital economy and its supporting technology, we can say we are in the “golden age” of this and that. The golden age of delivery and quick fulfillment. The golden age of product reviews and price comparisons. What about the golden age of age verification? No, that doesn’t sound as exciting as the rest, and conjures up memories of those sloppy fake IDs in high school and college, or having that ne’er-do-well uncle agree to buy minors a 12-pack.

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financial statements

PYMNTS

JULY 4, 2019

U.K.-based iwoca is integrating its lending platform with marketplace lenders Funding Options and Funding Xchange to accelerate and further automate access to capital for small and medium-sized businesses, while connecting borrowers to price transparency. In a press release sent to PYMNTS, iwoca revealed its integration via the launch of its Landing API to provide small businesses with a loan decision within 30 seconds, rather than providing an instant “approval in principle.

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Finance B2B 64

PYMNTS

JULY 1, 2019

Smaller banks and credit unions enjoy a reputation of offering more personalized services than large financial institutions (FIs). When it comes to technological innovation, however, the smaller players have long been outgunned by larger FIs and their sizable IT budgets. This is changing — in a big way. Today, small banks are more aggressive and ambitious in their innovation strategies than medium-sized and large FIs.

Technology 63

Technology 63

PYMNTS

JULY 3, 2019

In the B2B world, the time is now for faster payments. The bar may seem a bit low, as the majority of transactions are still mired in paper checks, with communications still tied to faxes and phone calls. In the Real-Time Payments Innovation Playbook , done in partnership between PYMNTS and Mastercard , financial decision-makers from nearly 400 firms across a dozen industries laid out a number of priorities for making their payment processes more efficient.

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B2B accounting and finance Gaming Start-ups 62

PYMNTS

JULY 1, 2019

Have you overdosed on Libra coverage yet? And it’s not even been two whole weeks. Facebook’s launch of Libra on June 18 unleashed a firestorm of media coverage, mostly repetitive, and mostly a piling on over the regulatory bear that it poked when unveiling its global payments plus cryptocurrency plans. If you need a balanced refresher of Libra’s impact on global payments, here’s how I called it in a piece that published one minute after the Libra news crossed the wire.

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Gaming Government Start-ups Non-Profits 62

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

Sales

PYMNTS

JULY 1, 2019

The Bank for International Settlements ( BIS ) has announced the launch of a BIS Innovation Hub to enable central banks around the world to collaborate on financial technology solutions and innovation. The Hub will identify and develop insights into technology trends that have a crucial impact on central banking, as well as create public goods that will improve the global financial system and serve as a focal point for central bank experts on innovation.

Technology 62

Technology 62

PYMNTS

JULY 1, 2019

In payments fraud, it pays — literally — to change up the game a bit. As noted in a report by FireEye, the bad guys are continuing to leverage a tactic known as business email compromise (BEC), where that method of communication seeks to impersonate persons of authority from within a firm, or alternatively, legitimate business partners, to requests funds be sent to accounts (and then of course, pilfered).

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Minnesota Construction Gaming accountant 61

PYMNTS

JULY 1, 2019

As financial service conglomerates and innovators move deeper into the B2B payments field, they’re finding a field of opportunity to disrupt clunky manual and legacy processes far beyond the accounts payable (AP) department. One of the biggest opportunities is in fleet payments, where cash and checks remain prevalent (particularly in the U.S.), but where innovations in mobile payments, the Internet of Things (IoT) and autonomous vehicle technology have opened doors for FinTech firms to tac

Technology 59

Technology B2B accounts payable California 59

PYMNTS

JULY 2, 2019

In a reported leak of billions of user records in a smart home data breach, researchers have found that a database that belongs to Chinese firm Orvibo has been left open without a password for protection. The database is said to encompass over 2 billion logs that include a range of information from account reset codes to user passwords, Forbes reported.

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Sales accountant Account accounted 59

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PYMNTS

JULY 5, 2019

Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation of the area’s financial institutions, according to a report by Reuters. . The banks involved will be Danske Bank, Swedbank Handelsbanken, Nordea, SEB and DNB. The banks said the KYC Utility would gather know your customer (KYC) checks to start with at large and medium-sized companies in the region, and also start offering commercial services. .

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PYMNTS

JULY 3, 2019

Google has announced via its blog that some big updates are coming to make it easier for consumers to pay easily and quickly online, care of Chrome, no matter what device they happen to be using at the time. Therefore, going forward, consumers will be able to use payment methods previously saved to their Google Account to fill in checkout forms when signed into Chrome — across their devices and wherever Google Pay is accepted.

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accountant Account accounted 58

PYMNTS

JULY 3, 2019

When it comes time to pay suppliers, most accounts payable (AP) professionals will use whichever payment method they need to get the job done — but most are unhappy with what they currently use. Paper checks are AP departments’ seventh-favorite way to pay suppliers, yet 80.8 percent use them anyway. If given the choice between checks, digital wallets and ePayables, AP professionals would prefer to pay suppliers using digital payment solutions.

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accounts payable AP Automation accountant Account 58

PYMNTS

JULY 4, 2019

Thanks to eCommerce and digital payments, the global travel industry is undergoing significant disruption. At the same time, more consumers are living as so-called digital nomads — or otherwise finding new ways to see and experience the world. The intersection of those two trends provides a business opportunity, as discussed in a recent PYMNTS interview with Gideon Silverman, CEO at Awayco , a company that enables the rental of such gear as surfboards, snowboards and bikes at retail and affiliat

Technology 57

Technology Sports Manufacturing Maine 57

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

JULY 5, 2019

It’s not enough to just be a retailer these days, it seems. Digital ads are also part of the process — at least that’s the story coming from recent developments involving major merchants. Take Target as one example. The retail chain reportedly has been in discussions with Triad Retail Media , the retail advertiser owned by WPP PLC, to acquire it.

Retail 55

Retail Maine Sales 55

PYMNTS

JULY 1, 2019

If chess is a game of evolution, where strategy takes pieces off the board — knight takes rook after rook takes queen — and only a few are left standing at the end, what might the merchant services chessboard look like a few years hence? The question is especially timely against a backdrop where megadeals have dominated the landscape. In a PYMNTS interview with Karen Webster, Daniela Mielke, CEO of RS2 North America , said what lies ahead is tied to what’s just behind us, where the mergers of 20

Technology 55

Technology Gaming Start-ups Retail 55

PYMNTS

JULY 1, 2019

Credit and data analytics firm PayNet is launching an automated reporting solution for lenders to more seamlessly collect and analyze financial information on small business (SMB) borrowers. PayNet announced Thursday (June 27) in a press release that it is rolling out its PayNet Financial Statement Report (FSR), a solution for lenders to automatically generate a report of financial data from small business loan applicants to more efficiently assess creditworthiness.

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financial statements quickbooks Maine accountant 55

PYMNTS

JULY 3, 2019

On the heels of its Canadian launch last year, Adyen announced the addition of Interac Debit on Mobile for in-browser and in-app as a payment method for Canadian merchants. The company is also growing its partnership with on-demand food delivery service company foodora Canada, which allows the firm to take Interac Debit payments via digital wallets with the inclusion of Google Pay and Apple Pay, according to an announcement.

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Retail Sales 55

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