PYMNTS

MARCH 29, 2019

Federal Bank in India has partnered with blockchain payments company Ripple to facilitate cross-border payments, according to reports. Federal Bank confirmed the collaboration in an announcement to the Bombay Stock Exchange on Thursday (March 28). “ This is to inform Federal Bank has entered into a partnership with Ripple Inc, a blockchain supported global remittance company, for cross border remittance through its network, ” the announcement said. “ Powered by blockchain-enabled solution, the R

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Finance Technology 96

Katz,Sapper&Miller

MARCH 28, 2019

Kerry Dunn has joined KSM as the firm’s chief financial officer, a newly created role. As CFO, Dunn will oversee KSM’s financial systems and processes, including financial reporting, accounts receivable, accounts payable, payroll, and budgeting. Additionally, he will play a key role in the firm’s financial strategy, including acquisitions and leveraging data to make sound business decisions.

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accounts payable payroll accountant Account 49

Cherry Bekaert

MARCH 29, 2019

Available for public comment is Proposed Accounting Standards Update (“ASU”) No. 2019-400, Compensation-Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Codification Improvements-Share-Based Consideration Payable to a Customer. Issued last month by the Financial Accounting Standards Board (“FASB”), the proposal aims to close a gap in stock compensation guidance concerning which topic to use when share-based consideration is paid to a customer.

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CBH

MARCH 29, 2019

In an effort to improve working conditions, adjunct professors at Elon University voted this week to form a union. The second of its kind among faculty members in North Carolina, the union aims to negotiate pay raises, benefits, and other work-related matters for adjuncts at the private university. Many Elon adjunct professors supported creating a union because they had to take part-time jobs to make ends meet, and having a class canceled would cause a financial setback.

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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

MARCH 26, 2019

Ditch the plastic? Maybe, but not yet — and maybe not for a while. The world knows by now that Apple has debuted its credit card — the Apple Card — in conjunction with Goldman Sachs and Mastercard. The card is available in both virtual and tangible, plastic forms. The broad outline is one where the digital version of the card can be used wherever Apple Pay is accepted.

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Gaming Entertainment Sports Technology 95

Katz,Sapper&Miller

MARCH 29, 2019

Katz, Sapper & Miller will again be part of McLeod Software’s third annual Accounting and Finance Conference (formerly the McLeod CFO Conference). Taking place May 14 at McLeod’s new corporate headquarters in Birmingham, AL, the conference brings together financial professionals from trucking and brokerage/3PL companies to network and discuss industry issues and best practices.

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accounting and finance Finance Transportation accountant 47

PYMNTS

MARCH 24, 2019

Uber, the ride-hailing startup, is reportedly gearing up to make a $3 billion bid for Careem Networks , the Dubai-based ride-hailing company. According to a report in Reuters , citing sources familiar with the deal, Uber could make the offer during the early part of the week. Uber is offering $1.4 billion in cash and $1.7 billion in convertible notes, which can be converted to Uber shares at a price of $55 per share.

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Sales 82

PYMNTS

MARCH 25, 2019

Approximately 20 billion IoT-enabled devices will be connected by 2020. These items are fast, handle an increasingly large amount of personal and financial data and tend to be prone to cybercriminals’ attacks. A large-scale, IoT-based breach has yet to occur, but the seeds are already sprouting. Thus, IoT security is becoming an essential part of modern conversations.

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PYMNTS

MARCH 25, 2019

And so a tech giant gets into the credit card game. And not just any tech giant – it’s Apple, the company whose payment services were touted (by at least some) as a credit card killer. News came Monday (March 25) that Apple – specifically, through its payments service Apple Pay – has launched the Apple Card. As reported, the company said users sign up for the card through their iPhone, can get approval through the device and can begin using the card immediately.

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PYMNTS

MARCH 25, 2019

To help meet customer expectations in the digital age, retailers have to know who their shoppers are and what they want. While eTailers already have this information about consumers, brick-and-mortar retailers don’t have this in-depth knowledge. New digital innovations, however, provide the promise of offering valuable customer data to merchants. Smart vending solutions are becoming more popular and offer merchants new opportunities for insights, according to the latest PYMNTS Unattended Retail

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Retail Kentucky Texas Technology 79

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

MARCH 25, 2019

Most of the payments chatter last week focused on FIS’ mega acquisition of Worldpay. The topic of conversation was the inevitable consolidation of the payments sector, as scale becomes critical to optimizing the payments experience and innovating new payments flows. Another piece of Worldpay news broke last week that has as much potential to innovate new payments flows and shape the direction of commerce in the decade of the 20s, now only nine months away.

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Sports Retail Healthcare Start-ups 79

PYMNTS

MARCH 28, 2019

There are no incumbent banks that are not paying attention to what the challenger banks are doing. What might have been written off even five years ago as a fad for digital financial services companies, or a niche product for a subset of consumers, is now “top of mind” for banks of all sizes, Jim Priestley, chief revenue officer at Feedzai , told PYMNTS in a recent conversation.

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PYMNTS

MARCH 25, 2019

The numbers are sobering. Even staggering. When it comes to financial crime, it seems, the bad guys are getting away with financial murder. Consider the fact that, as noted in the most recent AML/KYC Tracker produced as a collaboration between PYMNTS and Trulioo , money laundering is estimated by the United Nations Office on Drugs and Crime to be an $800 million to $2 trillion-per-year problem, equivalent to 2 percent to 5 percent of the global GDP.

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Technology Sports accounting and finance Government 78

PYMNTS

MARCH 28, 2019

It started, arguably, with mass transit , though with many bumps along the way, as the problems are slowly being solved while still bedeviling many cities. But transit will very likely be key – whether that means subways, buses or other, more individual forms of motion, such as rideshares or even scooters. It will certainly involve parking, and then tolls, and then other forms of commerce tied to transportation.

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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.

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PYMNTS

MARCH 26, 2019

Apple is reportedly blocking its person-to-person credit card payment service unless a user gets a new Apple Card. According to a report in Cult of Mac , as of Tuesday (March 25), you can no longer send a payment to another person using your credit card via Apple Pay Cash unless its the company’s credit card. The report noted users are still able to send payments via a debit card or via bank transfer.

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Entertainment 76

PYMNTS

MARCH 26, 2019

Citi’s Treasury and Trade Solutions , a unit of Citi, announced Tuesday (March 26) it is developing a new business unit that will enable consumers to make digital payments to institutions. In a press release , Citi’s Treasury and Trade Solutions said it’s part of its aim to enable digital commerce for clients and to expand beyond the wholesale payments market.

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E-commerce B2B Technology 76

PYMNTS

MARCH 26, 2019

In 2015, news outlets ran articles about the “ gold mine ” of venture capital investments in the alternative finance sector. The industry indeed proved to be lucrative for FinTechs, with alternative lending often landing at the top of venture capital investment reports with giants like Kabbage , OnDeck and LendingClub securing an early lead in the industry.

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Technology Finance B2B 76

PYMNTS

MARCH 28, 2019

ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), announced a new partnership with MK Decision (MK) for its online loan-origination system. In a press release , ICBA Bancard said the partnership with MK Decision streamlines its credit card application process to make it easier for customers when shopping and applying for cards.

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Technology Education 76

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

MARCH 28, 2019

Along any avenue of technology, there is hope … and there is hype … and then there is reality. Blockchain has long been in the process of being divorced – operationally as well as conceptually – from its crypto connection. The hope has been that as blockchain moves beyond bitcoin , the decentralized way of moving data, assets and communications would find a wide berth in business.

Technology 74

Technology Finance 74

PYMNTS

MARCH 29, 2019

Close to 1 billion email accounts were leaked by a marketing company in what some researchers are calling the “biggest and most comprehensive email database” breach ever. The Daily Mail reported that personal information from 982 million email accounts included names, gender, dates of birth, employers and even home addresses in the database. The info did not contain passwords or credit card details.

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accountant Account accounted 74

PYMNTS

MARCH 29, 2019

New research from UBS points to the largest spenders on bank technology: JPMorgan and Bank of America. Reports in Business Insider on Thursday (March 28) said UBS has published a report that breaks down U.S. banks’ technology budgets and explores which institutions are spending the most on innovation, using transcripts from conference calls, internal bank data released by the institutions and data from FactSet to reach its conclusions.

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Technology B2B 72

PYMNTS

MARCH 25, 2019

The current best-in-class method of payment for a ride on a subway in any American city works just fine – until it doesn’t. Loading funds onto a prepaid card that opens the turnstile once scanned, swiped or inserted works terrifically well – until the customer forgets to check the balance on his transit pass, and finds himself locked out at the turnstile.

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New York Start-ups Technology Transportation 71

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PYMNTS

MARCH 29, 2019

Demand for instant and peer-to-peer (P2P) payments is heating up, and financial institutions (FIs) are seeking to cater to that need, knowing that if they don’t, their customers are likely to turn elsewhere. This month’s Faster Payments Tracker explores the latest developments, as FIs and other companies seek to provide or tap into accelerated payment services.

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PYMNTS

MARCH 23, 2019

“Space: the final frontier. These are the voyages of the Starship Enterprise. Its continuing mission: to explore strange new worlds, to seek out new life and new civilizations, to boldly go where no one has gone before.”. – Gene Roddenberry. If Helen of Troy had a face that launched a thousand ships, then Gene Roddenberry had the pen that launched a thousand ships.

New York 71

New York Start-ups Technology Gaming 71

PYMNTS

MARCH 26, 2019

It’s a $2 trillion problem, according to stats, and global in scope. Money laundering is big business and the recovered funds are scant, which begs a solution (a roadmap was offered up for FIs in a recent PYMNTS interview with Zac Cohen , Trulioo general manager). Elsewhere, Mastercard is targeting contactless payments on a mass scale – for mass transit , rolling out across additional cities through the next few years.

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Start-ups 70

PYMNTS

MARCH 28, 2019

Line , the Asian messaging company majority owned by Naver, the South Korean Internet search company, is expanding its business into payments and other FinTech services. In an interview with the The Financial Times , Shin Jung-ho, the founder of the company said Line is expanding into cashless payments and FinTech in an effort to not remain complacent or stagnant.

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Gaming 69

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

MARCH 26, 2019

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange.

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Technology accountant Account accounted 69

PYMNTS

MARCH 27, 2019

U.K.-based payments company Worldpay said it will expand to Australia and New Zealand in an effort to take on more established payments services like Visa, Mastercard and American Express, according to report by Reuters. The move to Australia is an effort to capitalize on the country’s thriving eCommerce industry, which is worth almost $30 billion and rising.

Gaming 68

Gaming Retail 68

PYMNTS

MARCH 29, 2019

The marketplace economy — name a vertical within that space, whether it’s ride-hailing, project design or eCommerce — is growing by leaps and bounds, crossing borders and (at times) regulatory jurisdictions. To gain critical mass, online marketplaces that are just starting out need to onboard as many customers and suppliers as possible to ignite. However, the two sides of any given transaction may never see one another, so trust is crucial.

Technology 68

Technology Government accountant Account 68

PYMNTS

MARCH 29, 2019

IPOs are everywhere, it seems, but Lyft may be a special case. Yes, Levi Strauss was a star earlier in the month, with a debut on the public markets that sent the 160+-year-old firm’s shares up more than 30 percent on the first day of trading. Now comes Lyft. At this writing, post the stock market’s open, the company brought a bit more than 32 million shares to market, with an initial price of $78, notably above the $62 to $68 range that had marked the beginning of the week and pricing indicatio

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Transportation Start-ups Retail 67

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