PYMNTS
JUNE 26, 2019
A decade is a nice, round number — a convenient marker for what has come and what is coming. We as humans tend to measure our lives in decades, referring to ourselves as children of the ’60s, perhaps, or pining wistfully for the synthesized pop sounds of the ’80s. In payments, 10 years is a long time — where everything can change, and where once fanciful notions can become ubiquitous new ways of transacting.
Katz,Sapper&Miller
JUNE 24, 2019
The state of Indiana has adopted statutes that regulate the offering, selling, or issuing of service contracts in the state.1 These statutes provide the requirements for a service contract that is sold within the state, and they may provide dealers within the state an opportunity to save significant federal and state income taxes.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
JUNE 25, 2019
In digital commerce, promise and peril co-exist. Payments fraud is continuously moving from offline settings into the online realm. To that end, Visa said this morning (June 25) that it has inked a deal to buy the token services and ticketing business of chipmaker Rambus. The assets acquired were formerly known as Bell ID and Ecebs Ltd. Financial terms were not disclosed.
PYMNTS
JUNE 28, 2019
In the aftermath of Facebook ’s unveiling of Libra and its Calibra wallet, among the many questions raised was how it managed to get so many of the “who’s who” in payments at the table. That was the question Karen Webster had for PayPal Chief Operating Officer Bill Ready when she learned that PayPal was one of those players. The vision, she agreed, is undeniably big, bold and targeted at a worthy goal: the inclusion of the 1.7 million people worldwide who are unbanked, and exist on the financial
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 25, 2019
Facebook is still legally on the hook for a September data breach that affected 30 million of their customers. Hackers were reportedly able to exploit several software failings in order to obtain login access to consumer accounts. Facebook had moved to have the case dismissed — but a federal appeals judge has shot down that argument, saying the case against Facebook for negligence and for failing to secure users’ data will proceed.
PYMNTS
JUNE 24, 2019
In B2B payments, corporates’ continued use of paper checks confounds FinTech firms working to give businesses more affordable, faster and more efficient payment options. Yet, for many business payers, the reason for using checks can be quite straightforward: It’s simply the way payments have always been made. However, new small businesses (SMBs) being launched by a new generation of entrepreneurs aren’t bogged down by decades-old processes and systems that limit flexibility and
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
JUNE 24, 2019
The news about Libra has been out for about a week. The think pieces have come in waves, as have the reactions from analysts, cryptocurrency enthusiasts and regulators — and the world waits to see exactly what Facebook and its cadre of payments and commerce players design. For Mastercard , one of the founding members of the Libra project, what is happening now is both extremely new and somewhat familiar.
PYMNTS
JUNE 28, 2019
In a move that could mirror the playbook of JPMorgan Chase CEO Jamie Dimon, Goldman Sachs Group Inc. Chief Executive Officer David Solomon said in an interview with a French newspaper that he is “absolutely’’ taking a look at cryptocurrencies. Solomon also noted the bank is in the process of “extensive research’’ when it comes to tokenization, Bloomberg reported.
PYMNTS
JUNE 25, 2019
Through a long-term vision to take on the desire of users to window shop and amp up retail, Instagram Head Adam Mosseri seeks to “connect the dots thoughtfully” between sellers, shoppers and “influencers” on the app. The idea is to “unlock” value by rolling out features like “native checkout,” the Financial Times reported. The shopping effort, however, is a longer-term plan and would need infrastructure.
PYMNTS
JUNE 25, 2019
The House Financial Services Committee has scheduled hearings about the proposed merger between BB&T and SunTrust Banks, as well as the Facebook-planned cryptocurrency Libra. According to American Banker , the committee will meet July 17 to examine Facebook’s proposed cryptocurrency and its impact on consumers, investors, and the U.S. financial system.
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
JUNE 24, 2019
Everyone seems to want faster payments — from gig workers to B2B suppliers to parents splitting expenses — but with not all major financial institutions on board, real-time payments stand at lower chance for mass adoption. According to an earlier Faster Payments Tracker , it was projected that more than 56 real-time payment rails will be live by 2020.
PYMNTS
JUNE 24, 2019
With the Strong Customer Authentication (SCA) compliance deadline less than four months away, banks are still underprepared. While banks continue to open their application programming interfaces (APIs) to third-party providers and FinTech firms, many are still in the dark when it comes to SCA. Merchant partners are also scrambling, with just 40 percent of merchants within the EU currently stating they will be ready by September 2019.
PYMNTS
JUNE 26, 2019
Consumers want the immediacy of brick-and-mortar shopping without sacrificing eCommerce convenience. They may enjoy strolling the aisles of physical retail, but many customers still want support features that enable them to quickly and easily find and buy items, through self-serve offerings and other automation technologies. Today, most automated retail models tend to follow either an Amazon Go -style, cashierless store or an intelligent cabinets approach.
PYMNTS
JUNE 22, 2019
It seems every firm is trying to find a way into the expansive — and ever-growing — “health and wellness” market. As of 2018 health and wellness was a $4.2 trillion annual industry , having grown 12.8 percent between 2015 and 2017, according to the Global Wellness Institute. The industry now represents 5.3 percent of global economic output. “As people incorporate more of the wellness values into their lifestyle, our interaction with the wellness economy is also becoming less episodic and more in
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.
PYMNTS
JUNE 27, 2019
Amsterdam-based startup Creative Group announced it has raised €22 million in funding from Prime Ventures. The funding will be used to help the company expand to 30 countries by the end of next year. Founded in 2010, Creative Group enables customers to digitally buy or send prepaid credit to spend with their favorite brands, as well as to send cross-border credit remittances.
PYMNTS
JUNE 27, 2019
The digital payments news out of Brazil has been fast and furious over the last few weeks – particularly when it comes to blockchain. And while the continual drumbeat of announcements from various players looking to find new and inventive ways to apply distributed ledger technology to various parts of Brazil’s financial services industry has something of a tendency to stand out, digital payments and banking news in general has been coming quick and constant.
PYMNTS
JUNE 24, 2019
Financial regulators are considering allowing smaller businesses (SMBs) more time to comply with sweeping changes in lease accounting standards, which experts have said will place a significant burden as organizations work to comply with the requirements. Reports in Accounting Today last week said Financial Accounting Standards Board (FASB) Chairman Russell Golden revealed that it is considering extending the compliance deadline for small and private firms by as much as two years. “At a pu
PYMNTS
JUNE 27, 2019
When small business (SMB) investment marketplace MainVest announced a $3 million Seed funding round last week, it did something that many Main Street SMBs cannot do. Companies are staying private longer, lengthening initial public offering (IPO) cycles and lowering benefits for the average investor, MainVest Co-founder Nick Mathews told PYMNTS in a recent interview.
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
JUNE 27, 2019
Digital fraud prevention company Kount has launched a new artificial intelligence (AI)-driven solution to enhance payments fraud prevention. The company said this latest solution creates the closest simulation of the decision process of an experienced fraud analyst, but in a faster, more accurate and more scalable manner. Kount’s AI uses both supervised and unsupervised machine learning, along with additional calculations to deliver a near-human decisions so that companies can control revenue, f
PYMNTS
JUNE 25, 2019
All the world’s a marketplace. Apologies to the Bard — and some of our high school English teachers — for tweaking that famous line. Yet, when one views the global digital economy and landscape, it’s easy to think that the whole world of retail is, indeed, moving toward a future that will be defined by online marketplaces. Sure, eBay led the charge, and Amazon now dominates, but retailers and service providers of all types are building their own marketplaces — an effort that is also bringing pro
PYMNTS
JUNE 26, 2019
Online marketplace eBay has introduced numerous new API capabilities to enable developers to manage their businesses at scale, the company said in a blog post. “Our goal is to empower developers, enhance the ecosystem of eBay applications and add value for our buyers and sellers,” eBay said. The company launched the new Finances API, which aims to give developers a better view of eBay transactions and to allow for easier payouts to banks accounts.
PYMNTS
JUNE 26, 2019
Two more financial regulators have warned that they won’t allow Facebook ’s planned cryptocurrency, Libra , to launch without looking at it closely. The international Financial Stability Board (FSB) and the U.K.’s Financial Conduct Authority (FCA) have joined the Bank of England (BoE) and the G7 in speaking out about the need to thoroughly vet Facebook’s plans to release Libra next year.
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
JUNE 23, 2019
As tech firms such as Facebook move into the world of finance, the Bank for International Settlements ( BIS ) said on Sunday (June 23) that politicians need to coordinate regulatory responses to risks provided by these companies coming into the space. BIS said that the social media firm’s recent announcement that it aims to roll out its Libra digital currency and grow into payments has focused the minds of central bankers as well as regulators, Reuters reported.
PYMNTS
JUNE 23, 2019
A new survey has found that 19 percent of bitcoin traders have been the victim of a hack on cryptocurrency exchanges, while 15 percent of consumers have been hit with crypto fraud. The report , “Uncharted Territory: Why Consumers are Still Wary about Adopting Cryptocurrency,” also found that only one in ten people truly understand how cryptocurrencies work, and 29 percent have “some knowledge” of digital currencies, with that lack of knowledge stifling mainstream adoption.
PYMNTS
JUNE 24, 2019
As FedEx is nearing the end of its contract with Amazon , it is gearing up to raise the level of its competitive game by offering big discounts to pack its planes full. The delivery and logistics giant is looking to reset its delivery network, which has fallen behind in the era of eCommerce, according to reports in The Wall Street Journal. The price cuts will come for members of FedEx’s Express network, according to people familiar with the matter.
PYMNTS
JUNE 28, 2019
Mobile food ordering moved from niche to mainstream in just a few years. According to the new Mobile Order-Ahead Tracker , the volume of food and beverage orders placed via mobile apps grew by 130 percent between 2016 and 2018. Currently, 60 percent of U.S. consumers order delivery or takeout once a week. Due to this rapid growth, it is forecast that the mobile order-ahead market will reach $38 billion by next year.
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
JUNE 26, 2019
In the digital age of shopping for clothes and accessories, modern-day consumers don’t want retailers to entertain them: Instead, they want these merchants to bring them an easy experience, offering seamless shopping in store and online. According to the PYMNTS Connected Consumer Playbook , “Consumers may not call that ‘omnichannel,’ but that’s clearly what they want their favorite merchants to enable for them.
PYMNTS
JUNE 25, 2019
Call it the $3.1 trillion problem — or the $3.1 trillion gridlock. As reported by PYMNTS just last month, in collaboration with Fundbox via The Trade Credit Dilemma Report , as much as $3.1 trillion net is owed in accounts receivable for U.S. firms across any given day. It’s inefficient at best, a growth killer at worst. In one pact aimed at tapping into those trillions, Fundbox said on Tuesday morning (June 25) that it has been selected by B2B eCommerce software provider OroCommerce to provide
PYMNTS
JUNE 28, 2019
Now that San Francisco is on the verge of banning eCigarettes, the question naturally turns to whether other municipalities and states will follow suit. Will that happen? “Likely not wide scale. However, this will immediately initiate a more constructive conversation,” said Scott Hardy, vice president of BankCard USA , in a new PYMNTS interview (the company owns AgeChecker.Net age verification software).
PYMNTS
JUNE 24, 2019
All told, $3.5 trillion is a pretty big pie to divvy up. Healthcare spending has grown from $75 billion in 1970, as measured by Kaiser Family Foundation analysis of National Health Expenditure Data , to as much as $3.5 trillion in 2018. Spending has been growing at double-digit percentages through the past few years, far outpacing economic growth. Just as technology and platforms have changed commerce, they are changing healthcare as well, refashioning the landscape and ways in which health data
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.
Expert insights. Personalized for you.
82 
Let's personalize your content