PYMNTS
AUGUST 22, 2019
In Latin America, news comes this week that Santander Group is boosting its use of Ripple’s technology to aid payments across what CoinDesk reported is a “payment corridor” in Latin America. As reported , the corridor would enable customers in Latin America to send money to the United States instantly, without fees, through the app One Pay FX. That app, the site noted, uses xCurrent software.
Katz,Sapper&Miller
AUGUST 20, 2019
Katz, Sapper & Miller’s Justin Hayes, director in the firm’s Governmental Services Group, will present at the Central Indiana Chapter of the Association of Government Accountants’ 2019 Conference. Taking place on Sept. 19 in Indianapolis, the conference will bring together state and local finance professionals to discuss the latest updates in governmental accounting.
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PYMNTS
AUGUST 18, 2019
Mastercard , already an ally of Facebook’s Libra , announced it’s in the midst of planning its own cryptocurrency team, the New York Post reported on Saturday (Aug. 17). The move is in line with Mastercard’s goal of being known as a technology company “more than a card company,” Ted Rossman, an analyst with CreditCards.com, told the NYP. It’s “a smart move,” another card expert told the paper.
PYMNTS
AUGUST 20, 2019
The Apple Card, a credit card created in partnership by the technology company, was officially released in the U.S. on Tuesday (Aug. 20), the company said in a release. The company said the credit card is meant to help customers have a “healthier financial life,” and that interested customers can sign up for the card through the Wallet app on an iPhone. .
Speaker: Danny Gassaway and Wayne Richards
Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.
PYMNTS
AUGUST 21, 2019
Legacy banks have their work cut out for them if they want to survive another century as key players in the digital banking world. European challenger banks like Monzo and N26 are expanding to new markets and an increasing number of other financial players are launching suites of products and services designed to entice customers away from their traditional financial institutions (FIs).
PYMNTS
AUGUST 21, 2019
JPMorgan has discontinued its Chase Pay app that allowed users to pay with their smartphones in stores, according to a report by Bloomberg. The app will stop working in the early part of next year, but users will still be able to use Chase Pay on websites and in the apps of participating retailers. The Chase Pay app, which lets customers tap at POS terminals, was introduced four years ago as a way to compete with companies like Apple.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
AUGUST 19, 2019
Devices are everywhere – and are now intelligent and interacting with us through all manner of daily routines. There are billions of devices in the world helping to monitor and regulate everything from room temperatures to restocking the fridge. The Intelligence of Things Tracker has shown that smart cities, security and even healthcare are all getting a boost from tech-powered devices that promise ease and convenience in keeping our lives, well, humming.
PYMNTS
AUGUST 23, 2019
eCommerce is ever faster — and consumers want what they want — now. That means for the firms shipping all manner of goods across all manner of verticals need to track inventory and supply chains in real time. Technology is the key to speed. To that end, software and robotics firm GreyOrange said earlier this month that the company had forged partnerships with eight warehouse firms in the United States.
PYMNTS
AUGUST 23, 2019
The World Bank announced it has raised $33 million from investors for its blockchain-based “Kangaroo” bond, Bond- i. The bond, which is due August 2020, is the first bond created, allocated, transferred and managed through its life-cycle using distributed ledger (blockchain) technology. It is issued in Australian dollars by non-Australian organizations, including governments, businesses, and financial institutions.
PYMNTS
AUGUST 21, 2019
Hurricanes, wildfires, tornados, earthquakes and floods — disasters of all types tend to bring out the best and the worst in people. Generous donations. Ripped-off funds. Faulty grant applications and truckloads of supplies sent to the impacted areas. Whatever the angle — honest or fraudulent — the rise of the digital economy can amplify the actions of both good and bad actors in the aftermath of tragedy.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
PYMNTS
AUGUST 20, 2019
The launch of the Apple Card is allowing Goldman Sachs to become a leader in consumer banking, according to the bank’s CEO David Solomon. In late March, Apple and Goldman Sachs announced the Apple Card , which users sign up for through Apple Pay. They get approval on their device and can begin using it immediately. The card is stored in the wallet app and doesn’t have any fees.
PYMNTS
AUGUST 21, 2019
Emotions play a significant role in all human endeavors, and that certainly goes for payments and commerce. And even as those two activities become ever more digital and mobile, emotions are still there as a focus. Indeed, the role of emotions in payments and commerce in this digital age looks sure to grow even more. Fresh evidence supporting that point comes from Amazon.
PYMNTS
AUGUST 22, 2019
Amazon is on track to invest upwards of $15 billion this year in new tools to help small and medium-sized businesses (SMBs) grow and succeed, according to a press release. . To aid SMBs, 150 new tools have been launched since the beginning of the year, the company announced on Thursday (Aug 22). These include Sold by Amazon, which helps to manage pricing, and Target Inventory Levels, which helps merchants manage Fulfillment by Amazon (FBA) inventory. .
PYMNTS
AUGUST 19, 2019
Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. As reported earlier this week, a new strain of ransomware has been hitting US firms and firms based overseas. The latest news centers on Sodinokibi, a ransomware strain that has helped fraudsters make higher ransom demands. Through that ransomware they have been hijacking companies’ systems and demanding bitcoin payment in exchange for a decryption key.
Speaker: Jennifer Hill
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
PYMNTS
AUGUST 23, 2019
B2B marketplaces are seeing increased investments, as seen in recent funding activity spanning a variety of verticals, for a total of $18.5 million in venture capital. Ratelt. As reported by The Business Times , in Singapore, Tin Men Capital, a venture capital firm focused on B2B tech startups, led a $5 million Series A funding round to invest in RateIt.
PYMNTS
AUGUST 19, 2019
Don’t count out older consumers when it comes to mobile commerce – that’s one trend going forward into the 2020s that is important as the population continues to age. That said, there seems little question that younger consumers will continue to drive most changes in mobile, including its often complex place in the retail and shopping chain. In a new PYMNTS interview, Sri Narasimhan, head of strategy, partnerships and business development at LISNR , dug into the findings of new research from his
PYMNTS
AUGUST 21, 2019
A recent PayID data breach reported to Australia’s New Payments Platform (NPP) has prompted banks to issue warnings to customers, FinTech Extra reported on Wednesday (Aug. 21). Aussie financial institutions started sending breach notifications after an undisclosed number of PayID records were exposed in the country’s real-time NPP on Friday (Aug. 16).
PYMNTS
AUGUST 20, 2019
European Union antitrust regulators announced that they are “currently investigating potential anti-competitive behavior” related to Facebook ’s Libra. According to Bloomberg , the EU authority said in a questionnaire released earlier this month that it has concerns that Libra could create “possible competition restrictions” on the information exchanged and the use of consumer data.
Speaker: Sierre Lindgren
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
PYMNTS
AUGUST 20, 2019
No rest for banks amid the hackers. And certainly not with an outsourced tech model. In the wake of the Capital One data breach that exposed data tied to 100 million individuals in the United States comes a warning that there really are not any places to hide. A quoted by Bloomberg , a senior official at the European Central Bank (ECB) has warned of the threats that come with embracing the digital age.
PYMNTS
AUGUST 21, 2019
The Banking & Payments Federation Ireland said it had established a FinTech Foresight Group — further evidence of collaborations between traditional financial institutions and tech upstarts. That group, according to the release , has been formed to help harness “new technical developments from the startup ecosystem” and help shape FinTech policy.
PYMNTS
AUGUST 18, 2019
During an upcoming visit to Switzerland , American lawmakers plan to discuss Facebook’s proposed cryptocurrency, Libra. A group of six lawmakers, led by Rep. Maxine Waters, will hold a meeting with the Swiss Federal Data Protection and Information Commissioner (FDPIC) Adrian Lobsiger, according to Bloomberg. Waters has been a vocal critic of the social media giant’s plans for its own digital currency.
PYMNTS
AUGUST 20, 2019
Among the biggest battlegrounds in retail is not only what amounts to a moving target — but a race involving the human voice. Moreover, now Amazon is reportedly trying to up its presence in this particular and growing area of commerce, a sign of the enormous stakes involved. The specific area in question is the emerging ecosystem of connected cars and trucks — along with the increasingly popular and even vital area of voice-activated commerce, where Amazon’s Alexa is engaged in fierce competitio
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
PYMNTS
AUGUST 21, 2019
Commercial bill pay company Plastiq has announced that starting on Wednesday (Aug. 21), U.S. Visa commercial cardholders will be able to use the Plastiq to pay vendors, even if they don’t accept credit cards, the company said in a release. . According to the Credit Research Foundation, fewer than 12 percent of business-to-business (B2B) payments are done with a card.
PYMNTS
AUGUST 21, 2019
Once upon a time, mothers everywhere told their daughters that the way to a man’s heart was through his stomach. Modern-day research even proves that point — preparing a home-cooked meal is regarded by 80 percent of those who make them as an “act of love.”. Today, grocery stores are doing everything they can to win the hearts of men and women who shop for food by using mobile, apps and even voice, to capture more of that spend.
PYMNTS
AUGUST 21, 2019
Amazon opened its biggest campus in the world on Wednesday (Aug 21) in Hyderabad, India, according to a report by Reuters. The move illustrates Amazon’s aggressive push to expand in the country, despite stiff competition from companies like Walmart, and stringent regulations in the country regarding foreign eCommerce sites. Amazon was going to build a huge new headquarters in New York, but eventually decided against it, due to local opposition and despite tax breaks.
PYMNTS
AUGUST 21, 2019
Sometimes the most interesting thing that comes from trying to solve a problem isn’t the eventual solution, but the other problems that are found along the way. Case in point: Cognito ’s forthcoming business verification product, according to CEO Alan Meier. Their original solution, he explained to PYMNTS in a recent conversation, was an identification product for individual consumers.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
PYMNTS
AUGUST 19, 2019
Poor cash flow is a business killer. Almost half of all businesses fail within the first four years because of poor cash flow management. A big part of that ongoing struggle is the pervasiveness of checks as the primary method for how businesses, particularly small businesses, are paid — and the delays and uncertainty overpayment that can create. However, efforts are picking up to move more of those payments from checks to digital methods.
PYMNTS
AUGUST 22, 2019
Adyen, the Dutch payments processor, posted first-half results on Thursday (Aug. 22) that showed double-digit percentage gains in volumes, driven by online commerce and increased traction among mid-market firms doing business and taking payments across the globe. In terms of the headline numbers, net income was up 92 percent to 92.5 million euros. That growth outpaced the top-line momentum, which was up 41 percent to 221.1 million euros.
PYMNTS
AUGUST 22, 2019
Banks are not just competing for customer engagement and retention — they are also vying for funding and resources as they overhaul their infrastructure and banking tools. The latest Digital Banking Tracker examines how legacy institutions stay competitive with challenger banks. Competition Can Lead to Innovation. Jamie Warder, head of digital banking for KeyBank, made the point that challenger banks’ rising popularity may be spurring legacy institutions to innovate.
PYMNTS
AUGUST 23, 2019
Online marketplaces for everything from retail goods to travel services to hospitality need to ensure a quick and easy way for both buyers and sellers to transact with each other— or risk losing both sides to a waiting host of competitors. These marketplaces also need to make sure that payments, however quick, remain safe and secure as fraudsters continue to hammer at the gates.
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Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.
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