PYMNTS
AUGUST 24, 2018
There’s a lot of sizzle in marketplaces. In fact, they have made tiny businesses into big ones, as even the tiniest one-man operation can gain the chance to jump from a hyper-local stage to a global one — with access to professional supply chain management and logistics skills, payments simplified to one click and, most importantly, the chance to increase their world audience.
Katz,Sapper&Miller
AUGUST 24, 2018
Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, as amended, creates a five-step framework for entities to determine when and how much revenue should be recognized. The first article in the ‘Dissecting the New Revenue Recognition Guidance’ series discussed step 1: identifying the contract(s) with a customer. The second article in the series explained step 2: identifying performance obligations in the contract.
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PYMNTS
AUGUST 18, 2018
“Oooh, your kisses, sweeter than honey/ But guess what? So’s my money.”. Writing about Aretha in a 2016 profile for The New Yorker , writer David Remnick noted that as she sat readying herself for a performance, she was surrounded by small stacks of hundred-dollar bills. The money, he explained, was her fee for singing that night in Ontario, because Aretha only sang once she had been paid upfront.
PYMNTS
AUGUST 24, 2018
U.S.-based Axiom Bank is expanding its business lending capabilities through the acquisition of Allied Affiliated Funding , reports said Thursday (Aug. 23). A press release announced the takeover agreement, which will see Axiom absorbing Allied’s asset-based lending and factoring offerings. The acquisition will also bridge Allied’s existing customers to the banking and cash management offerings of Axiom, the companies said.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
PYMNTS
AUGUST 21, 2018
Might it be blockchain’s turn to shine amid pockets of economic turmoil? It’s no secret that blockchain is becoming ever more divorced from bitcoin, with which it has been traditionally associated. And as a form of data sharing, a form of record keeping, a direct conduit in transactions, some proponents say that decentralized ledger technology (DLT) can be a salve for an issue front-and-center, as Turkey proves a recent example of daily life roiled by rapid currency devaluation and panic: Namely
PYMNTS
AUGUST 21, 2018
A new report has found that 1.5 organizations fall victim to ransomware attacks every minute — and more than $1 million is lost each minute due to cybercrime. RiskIQ ’s 2018 “ The Evil Internet Minute ” investigated the cyber threats that organizations and internet users face every minute. “With businesses expanding their online presence to create more touchpoints with customers, employees and partners, the boundaries between what’s inside the firewall and what’s outside become less and le
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
AUGUST 24, 2018
Consumers are using less cash than ever, with the average consumer carrying just $21. In response, unattended retail operators are finding new ways to embrace alternative payment methods, ranging from mobile wallets to cryptocurrencies. In the new Unattended Retail Tracker , PYMNTS charts the latest ways that companies are working to accept more non-cash payment methods, from the common credit card swipe to biometric scans.
PYMNTS
AUGUST 20, 2018
PPMiao, the online peer-to-peer (P2P) lender in China, faced protests from investors in the company at its offices on Monday (Aug. 20), as the P2P lending industry continues to be plagued with problems. According to a report in Reuters , 243 P2P companies or more have gone under in China since the start of June, which prompted investors to withdraw money from multiple P2P companies and sparked protests saying that the government didn’t do enough to regulate the P2P lenders.
PYMNTS
AUGUST 23, 2018
A chain is only as strong as its weakest link, and the global supply chain is no exception. Companies worldwide engaged in cross-border trade are quickly learning how disruptions from the escalating trade war can cause a logistical domino effect, impacting global deliveries and causing delays in payments. The new Global Payments Architecture Report highlights how companies — including a player in the back-to-school market — are adjusting to the challenges of delivering products in the current g
PYMNTS
AUGUST 21, 2018
Let’s just come out and say it: When it comes to the wide range of commerce activities, unless you’re a teenager with a new driver’s license, putting gas into your vehicle is never fun. The pumps are often grimy, card readers might not work, the air might be frigid or hot, and there may be an odor associated with rubber, petroleum or refuse. All you want to do is get the transaction over with, maybe grab some milk, chips or beer and get on with your day.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
PYMNTS
AUGUST 22, 2018
Blockchain, blockchain everywhere – and maybe this is where the road gets racy. The use cases have been multiplying across any number of private and public use cases. And in the latest edition of the blockchain tracker, the auto industry gets some mileage. Research shows that the transparency and immutability that have become hallmarks of the distributed ledger system have lent themselves well to this vertical.
PYMNTS
AUGUST 23, 2018
When the chips are down … you find out who your friends are. When the chips are really down … you find out that chip makers really don’t have the stomach to put up with rapidly disappearing margins. And so, at least in crypto, it seems the chips are down and some friends of the space are leaving the table, having cashed in their chips – in some cases, quite literally.
PYMNTS
AUGUST 21, 2018
Kaspersky Lab announced on Tuesday (Aug. 21) that it discovered a sophisticated cyber-operation named Dark Tequila, which has been targeting Mexicans for the past five years. Using malware, the hacker or hackers steals bank credentials and personal and corporate data. According to a press release from Kaspersky, the malware is spread via infected USB devices, as well as through spear phishing emails that include features to evade detection.
PYMNTS
AUGUST 23, 2018
Darden Restaurants announced Wednesday (August 23) that the data on 567,000 payment card numbers may have been exposed. In a press release , the restaurant chain operator said it was notified on August 16, 2018, by federal authorities that a legacy point-of-sale system for some of its Cheddar’s Scratch Kitchen restaurants, a brand acquired by Darden last year, may have been compromised via a hack that involves restaurants in 23 states.
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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
PYMNTS
AUGUST 20, 2018
Barclaycard has partnered with Silicon Valley startup Crowdz to make the process of selling and finding business services easier. While consumer payments have been revolutionized through mobile technology, Barclays points out that things have been slower in the business-to-business (B2B) space. In fact, only one in four transactions in the supply chain are digitized.
PYMNTS
AUGUST 21, 2018
What was the make and model of your first car? What was your elementary school? What is your mother’s maiden name? These are all questions that consumers have probably answered more times in the last 5-10 years than they did in every year of their life combined before them. Because in the era of digital services, one of the most common and accepted ways to validate a customer’s identity is simply to ask them questions that presumably only they would know the answer to.
PYMNTS
AUGUST 20, 2018
To help customers avoid the lengthy lines of traditional checkout counters, supermarkets are turning to self-checkout technology, along with revamped store designs. When retailers don’t have to dedicate space in their brick-and-mortar locations to cash registers, consumers can enjoy less friction during checkout. To make this a reality for established retailers, companies such as Standard Cognition are working to put self-checkout technology in existing stores.
PYMNTS
AUGUST 22, 2018
Not long ago, direct sales companies — like beauty supplier Avon and health & beauty firm Amway — offered independent agents the opportunity to earn money selling their products door to door. Meanwhile, staffing agencies have provided businesses with temporary workers for decades, to cover for those who are on leave or temporarily out sick. These freelance, ad hoc jobs were examples of gig work well before anyone affixed a “gig” label to them.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
PYMNTS
AUGUST 24, 2018
Online payment platforms have no doubt changed how worldwide consumers do business. After all, they can simply open the Uber or Lyft app on their phones to go wherever they need to be, instead of stepping outside to hail a cab. Hotel reservations are out when traveling, too, and marketplaces like Airbnb or VRBO are in. Consumers and companies alike are even turning to marketplace platforms like Fiverr and TaskRabbit when hiring freelancers, handymen and other short-term or part-time workers.
PYMNTS
AUGUST 23, 2018
With brick-and-mortar retailers closing hundreds of stores, the future of the mall has looked bleak. But some say tales of its impending death have been exaggerated. And according to a report in The Wall Street Journal , immersive destinations that give consumers an experience they can’t get anywhere else could be just the thing to save the retail spaces.
PYMNTS
AUGUST 24, 2018
The yin and yang concept, born in China, can be applied to so many things. The theme that opposites may be complementary is nothing new, but it sure is amusing and, at times, instructive to observe – namely, that the universe finds a way toward duality, and oneness. Look at payments in China as an example. In news reported this week, and spotlighted in the South China Morning Post , the Bank of Communications, which stands as the country’s fifth largest lender, showed a 4.6 percent gain in profi
PYMNTS
AUGUST 24, 2018
To help make more informed authorization decisions, KeyBank is turning to Mastercard Decision Intelligence. The system, which uses artificial intelligence (AI), will allow KeyBank to increase the accuracy of real-time approvals of genuine transactions and will help enhance the cardholder experience, Mastercard said in an announcement. “We are excited to continue partnering with KeyBank to deliver client-centric solutions and artificial intelligence capabilities beyond card payments,” Raj Sesha
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
PYMNTS
AUGUST 21, 2018
Instagram has created a new trend among the middle-aged hoping to be hip: purchasing new clothes online, snapping a shot in them and then sending them back to the company from which they were purchased. The photos are for posting in the Instagram “outfit of the day,” and it is becoming an increasingly common practice for consumers. According to research from Barclaycard, almost 10 percent of U.K. shoppers have purchased clothing online for a social media shot, only to turn around and
PYMNTS
AUGUST 21, 2018
To take a line from the Queen of Soul, Aretha Franklin : Every chain has got a weak link. When it comes to the bond between consumer and financial services, no doubt the relationship is a bit, well, frayed in the age of data breaches and the Dark Web. How, then, to build a “chain of trust” — one that endures, aided by technology, and one that helps financial institutions (FIs) ensure that the people on the end of the transactions are who they claim to be?
PYMNTS
AUGUST 22, 2018
The gig economy was once seen as a temporary holdover — an opportunity to earn supplemental income by taking on ad hoc work designing websites, doing yardwork or driving for a rideshare service as time allowed. However, based on recent data trends, that appears to be changing. Out of approximately 10,000 gig workers surveyed by PYMNTS, only 47 percent said they had a full-time job in Q2 2018, a drop from 55 percent in Q1 2018.
PYMNTS
AUGUST 20, 2018
Generation Z is coming into its own, and according to new research, it will account for 40 percent of all shoppers by 2020, reported USA Today. Engagement Labs, the data and analytics company that assists marketers, says the group of people born between 1997 and 2016 are 86 million strong, and influence $600 billion of spending by families. This group is also big on conversations – both online and offline – with Engagement Labs finding them to drive 19 percent of purchases. “You see an adv
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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?
PYMNTS
AUGUST 20, 2018
A few weeks from now will mark the 72nd anniversary of a federal court decision that found grocery store chain The Great Atlantic and Pacific Tea Company and its founders, George and John Hartford, guilty of engaging in anti-competitive behavior. That story is the subject of a terrific book written by economist Marc Levinson , “The Great A&P And The Struggle For Small Business In America”.
PYMNTS
AUGUST 24, 2018
There’s nothing new under the sun, they say … except for new ways to steal. Payments fraud is, of course, no longer confined to someone swiping a credit card and running up a tab or taking money from a cash register. In the world of data theft and emails, the bad guys and victims never meet face to face. And since one might never know who is on the other side of a far-flung business relationship, the opportunities for theft abound.
PYMNTS
AUGUST 23, 2018
One of Google’s sister companies is set to launch its cybersecurity platform to the public. Earlier this year, Alphabet announced the creation of Chronicle, a cybersecurity firm that will enable companies to detect and prevent cyberattacks. At the time of the announcement, Alphabet wasn’t offering many details, just that Chronicle would offer two services: a new security intelligence and analytics platform for companies, as well as VirusTotal, an online malware and virus scanner acquired
PYMNTS
AUGUST 20, 2018
American Banker , citing Citi Ventures, reported that the investment shows banks are embracing and implementing AI. According to the report, the investment provides more insight into how Citigroup is using AI across the company. The software is popular with younger generations, which is an important group to attract. “We’ve been working to build out the technology stack at Citi so that we can drive broad adoption of machine learning within various use cases and functions,” said Ramneek Gupta, ma
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.
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