PYMNTS

OCTOBER 10, 2019

With real-time payments spreading throughout the world (perhaps more slowly than expected, but still spreading), the characteristics of pull payments mean they are likely to play only a marginal role. That’s the view shared by Trevor LaFleche, director of product management and marketing for Enterprise Payments Solutions at Fiserv , during a recent PYMNTS discussion that centered around the spread of real-time payments, and their global prospects going into 2020.

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Account accounted accountant Technology 80

Katz,Sapper&Miller

OCTOBER 11, 2019

Katz, Sapper & Miller is excited to participate as the independent accounting firm to manage the voting process and report the results of FreightWaves Research Institute’s prestigious FreightTech 100 Award. The award is intended to recognize the most innovative and disruptive companies in freight and will highlight the key organizations that have made significant technological and/or economic advancements to impact the transportation space.

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Transportation accounting firms Technology Account 44

PYMNTS

OCTOBER 7, 2019

The new 5G mobile network technology has started to make its initial foray into healthcare, and at a time when issues of cost, efficiency and accessibility are gaining even more focus than was the case before. As all that happens, potential use cases for 5G in the healthcare space are taking at least rough shape. Various deployments might take years to play out, given the bureaucracy and legacy inertia common in the massive healthcare industry.

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Healthcare Hospitality Technology 78

PYMNTS

OCTOBER 10, 2019

Bank of America (BoA) may have hired a treasury product manager to work with Ripple. According to Cointelegraph , the bank recently took down a job listing about the position on LinkedIn. “This role leads the product management team for the Ripple Project, a decentralized ledger technology-based solution to cross-border payments marketed to [global transaction services (GTS)] clients,” the job listing read.

Finance 76

Finance Technology 76

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payroll

PYMNTS

OCTOBER 9, 2019

Real-time currency exchange and remittance network Ripple has teamed up with Finastra to allow banking customers to access RippleNet , its worldwide blockchain payments network. Ripple said it will provide for more affordable, faster and more reliable payments. Users will be hosted on Ripple’s cloud solution and will be able to use On-Demand Liquidity, which will allow for the leveraging of XRP for cross-border payments. “This partnership will enable Ripple to expand the reach and solution

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Sales Technology 75

PYMNTS

OCTOBER 9, 2019

Real-time currency exchange and remittance network Ripple has teamed up with Finastra to allow banking customers to access RippleNet , its worldwide blockchain payments network. Ripple said it will provide for more affordable, faster and more reliable payments. Users will be hosted on Ripple’s cloud solution and will be able to use On-Demand Liquidity, which will allow for the leveraging of XRP for cross-border payments. “This partnership will enable Ripple to expand the reach and solution

Sales 75

Sales Technology 75

PYMNTS

OCTOBER 8, 2019

Citi has recruited foreign exchange management firm Kantox to enhance its FX services for corporate clients, the companies said in a press release on Monday (Oct. 7). According to Kantox, the company will provide its FX management and business payment solutions to Citi Commercial Bank’s international businesses based in the U.S., enabling those firms to access a custom platform that integrates with Citi’s existing foreign currency payments solution.

Technology 74

Technology Sales B2B 74

PYMNTS

OCTOBER 11, 2019

For central banks, when it comes to cryptocurrencies, there’s no central theme. Whether the advent of digital coins signifies an existential threat to monetary policy at its most basic level – the way it’s been done for, well, centuries – depends on who’s weighing in on the subject. Some central banks are embracing the concept. Others, not so much. Yays and Nays.

Technology 73

Technology 73

PYMNTS

OCTOBER 8, 2019

The umbrella company running Bitfinex and Tether , iFinex, has been hit with a $1 trillion class-action lawsuit. Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. “Together, Bitfinex and Tether manipulated a market that, by design, is supposed to be decentralized,” states the lawsuit. The filing comes days after the company revealed that it was expecting a lawsuit to be filed against it.

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tax return Tax Government Technology 72

PYMNTS

OCTOBER 10, 2019

The Royal Mint announced that it is partnering with Mastercard and Accomplish Financial to launch a solid gold payment card. The 18-karat gold Raris card — the first payment card to be manufactured by The Royal Mint — is personalized for Raris accountholders, with their name and signature engraved into the metal. Some of the account benefits include limitless spending, zero foreign exchange or transaction fees, with additional benefits through Mastercard World Elite such as a dedicated concierge

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Manufacturing Technology Account accounted 72

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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

OCTOBER 11, 2019

Adding another possible legal showdown to the Libra crypto project , and potentially adding to its list of challenges, Facebook’s Calibra is facing a suit for trademark infringement by the Current mobile banking app. The complaint claims that Calibra’s logo is too similar to Current’s, which the FinTech has been using since August of 2016, CoinDesk reported.

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Legal Account accounted accountant 71

PYMNTS

OCTOBER 11, 2019

Salesforce is rounding out its offering for online sellers with the addition of Lightning Order Management, reports in Retail TouchPoints said this week. The publication reported Thursday (Oct. 10) that Salesforce’s new order management function targets integration of the order process, including fulfillment and customer service. The tool fits within the existing Salesforce Commerce Cloud suite of services, which include inventory management, order updates and return tools.

B2B 71

B2B Retail 71

PYMNTS

OCTOBER 10, 2019

Crowdsourcing is all the rage in the digital economy, and now Goldman Sachs is using that method in hopes of finding — and making big money from — the next hot startup. The move comes amid the expanded use of crowdsourcing for a variety of tasks vital to payments and commerce. Here’s the news, according to CNBC : A Goldman Sachs program called GS Accelerate enables Goldman employers to pitch their bosses on potential new companies.

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California Retail Education Maine 70

PYMNTS

OCTOBER 8, 2019

New regulation principles to govern digital currencies are in the works by the European Union’s finance commissioner after fears ignited by Facebook’s planned Libra coin launch, Reuters reported on Tuesday (Oct. 8). France and Germany are among the many countries alarmed that the size and scope of Libra could disrupt legal control over the currency.

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Government Washington Finance Legal 69

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

OCTOBER 9, 2019

Commercial payments company WEX has announced a collaboration with Mastercard that will allow the firm to issue virtual cards in the Middle East. In a press release announcing its geographic expansion, WEX said Tuesday (Oct. 8) that it will be able to issue virtual Mastercard cards in the United Arab Emirates following approval from the Central Bank of the UAE to operate in the market.

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accounts payable B2B Government Account 68

PYMNTS

OCTOBER 10, 2019

Alipay revealed that it will be banning any transactions related to bitcoin and other cryptocurrencies. Its announcement came the day after crypto exchange Binance tweeted that it is now accepting fiat currencies via Alipay, as well as via mobile messaging and payment app WeChat. Alipay refuted that claim in a Twitter thread , writing “There’re several reports about @Alipay being used for bitcoin transactions.

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Start-ups Government Account accounted 67

PYMNTS

OCTOBER 7, 2019

The good news for customers — and the challenge for financial services players, both established and emerging as the decade comes to a close — is that when it comes to payments, this is the era of customer choice. Walking around at the Sibos conference in London last week, Vocalink CEO Gregor Dobbie said the big takeaway is that this industry is undergoing not one, but several foundational shifts as a plethora of new ideas and methods are flooding into the market.

B2B 67

B2B Education Start-ups Maine 67

PYMNTS

OCTOBER 7, 2019

India-based hotel and booking startup OYO announced a $1.5 billion funding round led by founder Ritesh Agarwal, SoftBank’s Vision Fund, Lightspeed Venture Partners and Sequoia India, Bloomberg announced on Monday (Oct. 7). Agarwal, who founded OYO in 2013, will triple his interest in the firm with a $700 million investment to buy new shares, bringing its valuation to $10 billion.

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Hospitality 65

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financial statements

PYMNTS

OCTOBER 10, 2019

Global payments firm Ingenico Group is launching a suite of payment methods to help eCommerce firms operating in China, the company announced in a press release on Thursday (Oct. 10). Ingenico noted that 82 percent of people in China use some type of mobile device. To better serve them, Ingenico has teamed up with Alipay, WeChat Pay and UnionPay. Ingenico is among the first global payment service providers (PSP) that fully integrates with all aspects of WeChat Pay, allowing its 1.1 billion users

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Retail 64

PYMNTS

OCTOBER 8, 2019

When Affirm launched in February 2013, the point-of-sale (POS) financing marketplace in the U.S. was largely an empty greenfield wherein PayPal Co-Founder Max Levchin set up virtual stall. The motivating idea, Levchin told PYMNTS, was pretty simple: offer an honest, transparent and data driven POS financing product that was accessible for any consumer for whom it is also affordable when paid off in monthly installments.

Finance 63

Finance Start-ups Retail Sales 63

PYMNTS

OCTOBER 7, 2019

More than a century of automotive culture has brought many exiting eras. Think about how the affordable Ford Model T opened up car ownership to the masses, or the macho fun of the muscle car era, or even the more mundane joy of the fuel-efficiency revolution over the last generation or so. Another exciting time is playing out now before our eyes: the rise of the connected vehicle ecosystem, and the race to get market share for various software and platforms vital to this area of payments and com

Manufacturing 63

Manufacturing Start-ups Technology 63

PYMNTS

OCTOBER 7, 2019

Britain is reportedly considering banning the sale of derivatives involved with cryptocurrency assets, such as bitcoin. Reuters is reporting that worldwide crypto exchanges are asking the country’s market watchdogs to refrain from the ban, and are claiming they are well-prepared to protect customers who choose to trade crypto. Many customers believe that certain crypto-related products could offer lucrative business opportunities for those willing to purchase them.

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Sales 63

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

OCTOBER 7, 2019

Fraud never sleeps, and the corporate finance department cannot afford to stay behind on the ever-changing strategies of fraudsters. This week’s B2B Fraud Tracker looks at the latest cases and allegations of fraud, which show rising sophistication in fraudsters’ tactics: internal bad actors are no longer acting alone, BEC scams are no longer reliant on chance and financial institutions face a growing trend in loan fraud.

B2B 62

B2B Pennsylvania accounting and finance Transportation 62

PYMNTS

OCTOBER 8, 2019

As of Sept. 14, the legal deadline for the strong customer authentication (SCA) requirement of the Second Payment Services Directive (PSD2) came and went. However, as is often the case when big ecosystems attempt wide and systemic changes, things have not gone quite according to plan. Only 75 percent of issuers said they were prepared to make the jump as of the deadline.

Legal 62

Legal Technology 62

PYMNTS

OCTOBER 10, 2019

The United States Federal Reserve has passed new rules which lower the liquidity and capital requirements for most banks, as well as easing other restrictions. The Financial Times is reporting that Federal Reserve Chair Jay Powell announced the new rules on Thursday (Oct. 10), and he called it bank “tailoring,” which means different banks will have different standards based on their size and assets.

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PYMNTS

OCTOBER 10, 2019

Twelve years ago, LendingClub Founder Renaud Laplanche built a business to help consumers manage the $800 million in outstanding credit card debt. That product was an unsecured personal loan that consolidated the debt into a lower interest option with fixed monthly payments. Today (Oct. 10), with the launch of the Upgrade Card (issued by Upgrade , a consumer credit platform founded by Laplanche in 2017 that offers affordable personal loans and cards, with credit monitoring and education tools th

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Education Sales Finance 61

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PYMNTS

OCTOBER 6, 2019

Google is stepping up its vacation rental business with enhanced listings that will include reviews, photos and more, and appearing before competitors on search, Skift reported on Saturday (Oct. 5). Nicola Simionato, director of business development for Travel at Google, revealed the new enterprise at the Vacation Rental World Summit in Lake Como, Italy.

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Start-ups 61

PYMNTS

OCTOBER 9, 2019

The average interest rates on credit cards are nearing record levels, in spite of a 50-basis-point decline on a 10-year note yield. Bloomberg is reporting that the U.S. prime lending rate, which banks charge to their best credit customers, is now at almost its lowest point ever due to Federal Reserve monetary policy. However, the distance between an average annualized rate and a prime rate on credit cards is getting bigger; at the end of August, it was almost at its largest amount ever.

Kansas 61

Kansas Account accounted accountant 61

PYMNTS

OCTOBER 9, 2019

Today’s payment news roundup includes a look at more fears and concerns around Libra, the spreading losses related to Uber and WeWork, fresh PYMNTS research on subscription commerce and churn and a new tool that enables small and medium-sized business (SMB) operators to access their funds instantly via digital and mobile channels. Libra Fears Spark EU Promise To Govern Crypto.

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B2C payroll Legal Gaming 58

PYMNTS

OCTOBER 8, 2019

Three months to go, more or less. In terms of the total amount invested to date in FinTechs, as tracked by PYMNTS via the India FinTech Tracker, the year to date tally stands at just under $3.7 billion. Of that, logistics holds sway, at just over 29.5 percent, eCommerce at 23.8 percent and Alternative Finance at about 14.3 percent. Taking the pulse of where we stand coming into the last few months of 2019, deal activity has seemingly been concentrated within the alternative finance and invest

Finance 57

Finance accounting and finance Account accounted 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.