PYMNTS

NOVEMBER 21, 2019

Membership in the U.S. Faster Payments Council (FPC) is growing with the addition of ACI Worldwide, as the electronic payments and banking solution provider announced this week. The company is joining the FPC to support U.S. initiatives of innovating in faster payments capabilities and promoting adoption of real-time payments. ACI Worldwide noted it already has a strong foothold in the real-time payments space, with integrations with 18 real-time domestic payment networks around the globe.

Government 99

Government B2B 99

Katz,Sapper&Miller

NOVEMBER 22, 2019

In February 2016, the Financial Accounting Standards Board (FASB) issued one of the most sweeping changes to generally accepted accounting principles in the United States (GAAP) – Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842). The new lease accounting standards and subsequent amendments require lessees to report all leases with a term greater than 12 months, including operating leases, on the statement of financial position.

accounting principles 56

accounting principles accountant Account accounted 56

PYMNTS

NOVEMBER 21, 2019

MoneyGram has announced that it’s continuing its worldwide digital expansion with greater options for its overseas customers, especially in the Asia Pacific area and New Zealand. The MoneyGram website and MoneyGram Plus Rewards program is now available to the company’s Hong Kong customers, and users in New Zealand are now able to use the MoneyGram app to send money to friends and family. .

accountant 99

accountant Account accounted 99

PYMNTS

NOVEMBER 21, 2019

Internet scammers, by nature, are a resourceful lot. They poke and prod, looking for various weaknesses to be exploited on online platforms, in company emails (as in Business Email Compromise, or BEC), through text messages and even the old-fashioned phone call that induces a victim to hurry online and send some money. The scams? Well, they can be done from anywhere, affording the fraudster the luxury of plying his or her trade on the go, at all hours — and even, it seems, from prison.

accountant 87

accountant Account accounted 87

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

NOVEMBER 21, 2019

Former U.S. President Barack Obama is concerned about the impact technology can have on society. “’Big, disruptive’ information technologies can sometimes be ‘dangerous,’” Obama said during a talk with Salesforce CEO Marc Benioff. “People don’t know what’s true and what’s not, and what to believe,” he noted, adding that instead of uniting people, technology — like social media — is “splintering” them.”.

Technology 81

Technology New York 81

PYMNTS

NOVEMBER 19, 2019

The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters. “The Administrator should create a pilot blockchain-based land/property registry with critical information needed to file an insurance or disaster assistance claim.

Texas 86

Texas Technology 86

PYMNTS

NOVEMBER 21, 2019

Mastercard and Galileo have announced Thursday (Nov. 21) a collaboration to help FinTechs and other financial-affiliated businesses with fast issuing of debit cards and bank accounts for customers, without expensive startup fees or long-term contracts. The initiative is called Galileo Instant Issuing, and developers can use the company’s open application programming interfaces (APIs) to create digital payment solutions that suit their businesses.

accountant 73

accountant Account accounted 73

PYMNTS

NOVEMBER 22, 2019

Amazon users in Japan are now able to use Paidy, an instant credit provider, as a payment option, according to a release. . The company provides instant payment accounts consolidated monthly. “We are deeply honored to be working with Amazon to offer a new and unique consumer experience to Amazon customers. We see tremendous potential to work with Amazon and other partners on future innovations, continuing to improve consumer experiences and the payments landscape in Japan,” said Paidy Founder an

accounting and finance 72

accounting and finance Finance accountant Account 72

PYMNTS

NOVEMBER 22, 2019

American Express has teamed up with British life and health insurance company Vitality on a new credit card that offers cashback rewards for a healthy lifestyle, according to a release. Called the Vitality American Express Credit Card, it has no annual card fee. The card is currently available to Vitality members who have eligible policies. The card’s rewards are partially dependent on the cardholder’s level of physical activity in any given month.

Transportation 71

Transportation 71

PYMNTS

NOVEMBER 22, 2019

It’s been said cybercriminals look for the path of least resistance when they target businesses or online marketplaces to steal data or money. And, increasingly, online gaming platforms — attractive to the bad guys due to their scale and relative anonymity — are in the crosshairs. In one recent event that grabbed headlines, video game developer Valve Corp. said it was halting the trading of “container keys” between players facing off in games like Counter Strike, which is available through the o

Gaming 70

Gaming Gambling Sales accountant 70

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

NOVEMBER 16, 2019

While Sears Roebuck gets all the credit for inventing the mail order catalog business in the United States, in historical terms they were actually a bit late to the game. The first catalogs date back to the Middle Ages, when people used them to buy seeds for planting and books from distant monasteries. The first big entrant in the U.S. was Tiffany & Co. , who released a mail-order jewelry catalog in 1848.

Gaming 71

Gaming Technology Maine Retail 71

PYMNTS

NOVEMBER 18, 2019

It was the gasp heard ‘round the world last week. Google confirmed that it will partner with Citi and Stanford Federal Credit Union to launch a checking account linked to Google Pay sometime next year. Media outlets and pundits have chalked this up to Google doing what every other ecosystem player wants to do: finding new ways to keep consumers inside the Google ecosystem and monetize those interactions.

Technology 70

Technology Healthcare accountant Account 70

PYMNTS

NOVEMBER 22, 2019

The 2018 South Dakota v. Wayfair ruling allowed counties, states and municipalities to pass laws to tax out-of-state sellers and the eCommerce marketplaces that serve them, but the ruling did not disclose specifications on what such laws must look like. State and local governments have been figuring it out for themselves in the absence of Supreme Court guidance — and, at times, provoking businesses’ ire in doing so.

South Dakota 63

South Dakota Missouri Wisconsin Louisiana 63

PYMNTS

NOVEMBER 22, 2019

Consumers and their credit providers aren’t always aligned when it comes to best outcomes. For a customer using a revolving credit tool, such as a credit card, the best outcome is to pay their balance in full each month, which has the benefit of buying now and paying later, with none of the attendant harms like paying an interest fee. However, that usually isn’t the best outcome for the card issuer.

Retail 63

Retail Finance Start-ups Sales 63

Advertisement

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.

financial statements

PYMNTS

NOVEMBER 20, 2019

U.S. suppliers face a $3.1 trillion accounts receivable (AR) problem. That is how much their buyers collectively owe them on any given day. Waiting to receive $3.1 trillion in IOUs is more than a headache for the treasurers who handle their balance sheets, and it threatens to stall payments throughout the supply chain. A business that does not pay its suppliers hinders its business partners from paying their own suppliers, and so on down the line.

accountant 69

accountant Account accounted Maine 69

PYMNTS

NOVEMBER 22, 2019

Fraud is hardly a new phenomenon in retail — in fact, it is probably safe to assume that fraud in some form or other has been there since the beginning. The minute the first shop opened for business, some fraudster likely got the idea to devise a scheme to take something from that shop without having to pay for it. Fraud, in some sense, is, was and always will be a cost of doing business in the world of retail.

E-commerce 62

E-commerce Retail Start-ups Sales 62

PYMNTS

NOVEMBER 21, 2019

Retail Business Services (RBS), the services company of Ahold Delhaize , has announced that it is testing out a new frictionless store technology at its Quincy, MA office. The technology, which is being piloted under the name “lunchbox,” allows individuals to shop a small-format store in seconds by scanning in, shopping and walking out. While RBS was tasked with application development, technology connectivity and food retail operations expertise, digital transformation solutions com

Retail 60

Retail Technology 60

PYMNTS

NOVEMBER 21, 2019

Walmart will expand aggressively in China , with a plan to add 500 new locations in the country over the next half decade or so, according to a report by CNN. The news comes as China is in the midst of an economic slowdown and a protracted trade war with the U.S. The new stores would double the retailer’s presence in China, a country that is predicted to become the largest grocery market in the world by 2023.

Sales 60

Sales Technology Retail 60

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

NOVEMBER 21, 2019

David Solomon, the CEO of Goldman Sachs , is denying claims that gender bias is apparent in the algorithm it uses to determine credit limits for applicants, according to a report by Bloomberg. He said he plans to address the issue fully. “There’s no gender bias in our process for extending credit,” Solomon said. “There’s no question that different applicants can get different results, and that can be for a variety of reasons.”.

Retail 60

Retail 60

PYMNTS

NOVEMBER 18, 2019

It’s a cliché (but a true one) to say that the automotive world, and the culture attached to it, is undergoing a massive, historic change — thanks to digital and mobile technology, and a shift in consumer preferences. Cars and trucks are becoming rolling centers of commerce and payments. Ridesharing and other programs are changing the concept of what it means to be a driver, rider and user of transportation in general.

Sports 65

Sports Transportation Technology 65

PYMNTS

NOVEMBER 17, 2019

BELLIN announced that it has successfully integrated support for SEPA real-time payments into its software solutions, with the help of Deutsche Bank. The integration complies with the specifications of the German Banking Industry Committee, and enables all corporate customers of banks offering this type of service to carry out real-time payments as a SEPA Instant Credit Transfer via the EBICS channel using BELLIN’s treasury management system.

Technology 64

Technology B2B 64

PYMNTS

NOVEMBER 21, 2019

A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. The move would potentially add to the already numerous regulatory hurdles that Facebook and the Libra Association would have to clear to make the cryptocurrency a reality, as Facebook has said repeatedly that it will not introduce the currency without regulatory approval.

Government 58

Government 58

Advertisement

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

NOVEMBER 22, 2019

Home rental platforms are dealing with an influx of fraudulent listings, much like the broader sharing economy, but fake listings on such marketplaces represent higher stakes — due to the high costs involved. Stolen payment information used to purchase an iPhone is one thing, but a fraudster dangling a fake beachfront property in front of a group of traveling executives is another.

Start-ups 58

Start-ups B2B 58

PYMNTS

NOVEMBER 18, 2019

U.S. Bancorp subsidiary Elavon is acquiring U.K. payments gateway Sage Pay for $300 million, according to reports on Monday (Nov. 18). The deal comes as Sage Pay’s parent company Sage Group said in September that it was seeking “strategic alternatives for the payments business.” The company had more recently been focused on accounting, people and payroll software.

payroll 64

payroll Maine Technology accountant 64

PYMNTS

NOVEMBER 21, 2019

Mastercard and Galileo have announced Thursday (Nov. 21) a collaboration to help FinTechs and other financial-affiliated businesses with fast issuing of debit cards and bank accounts for customers, without expensive startup fees or long-term contracts. The initiative is called Galileo Instant Issuing, and developers can use the company’s open application programming interfaces (APIs) to create digital payment solutions that suit their businesses.

accountant 57

accountant Account accounted 57

PYMNTS

NOVEMBER 21, 2019

Package tracking platform Route raised $12 million in seed funding that includes $500,000 from a January pre-seed round, TechCrunch reported on Thursday (Nov. 21). . The pre-seed funding was from Peak Venture Capital , which also led the new seed round, along with Album VC and strategic partner Pattern. . Using the Route App, users can visually track and protect online orders as well as resolve issues.

Utah 56

Utah California Gaming Retail 56

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

NOVEMBER 18, 2019

Chinese startup Byton announced Monday (Nov. 18) that it has secured a distributor license from California, bringing it one step closer to bringing its first electric SUV, Byton M-Byte, to the United States. The company, which was launched in 2017 by Future Mobility Corp, plans to roll out its electric SUV in China in 2020 before moving into the U.S. and the European Union in 2021, according to Reuters.

California 62

California Manufacturing Retail Sales 62

PYMNTS

NOVEMBER 20, 2019

Much of what commercial card innovators seek to address is a massive pain point for adoption: supplier acceptance. Such was the strategy of JPMorgan in its latest corporate card initiative. However, in this week’s Commercial Card Innovation roundup, it wasn’t the point of friction that technology firms were addressing. Visa and American Express (Amex) turned their attention to promoting virtual card adoption as a technology that enables greater visibility and security in B2B transact

B2B 62

B2B Technology Business Spend Management Expense Management 62

PYMNTS

NOVEMBER 17, 2019

Tech startups fearing anticipated instability are scrambling to conserve an age-old commodity — cash — the New York Times (NYT) reported on Sunday (Nov. 17). . Following quick growth and easy funding, startups are starting to jump off the fast lane and follow a more conservative road map. . San Francisco firm Kruze Consulting said young companies are raising more while spending less and hoarding cash in the name of longevity.

New York 61

New York Start-ups 61

PYMNTS

NOVEMBER 17, 2019

Following years of brisk expansion, China’s smaller financial institutions are seeing hard times as customers turn to larger banks and the local economy slows, the Wall Street Journal (WSJ) reported on Sunday (Nov. 17). When times are hard, banks that rely on borrowing from the interbank market or distributing bonds are at higher risk than those depending on deposits.

Government 61

Government 61

Advertisement

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.