PYMNTS

OCTOBER 11, 2018

Alipay , the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. Reuters , citing Ant Financial , the payment affiliate of Alibaba, reported the Chinese company said the issue hasn’t been resolved even though it reached out to Apple already. In a post on its Toutiao social media account, Reuters reported it said users who linked their accounts via Apple IDs should lower their transaction limits.

Technology 81

Technology accountant Account accounted 81

Katz,Sapper&Miller

OCTOBER 11, 2018

When the Tax Cuts and Jobs Act (TCJA) was signed into law on Dec. 22, 2017, companies in all industries braced themselves for impending changes. The key take away of the TCJA is lower tax rates for both businesses and individuals. However, the impacts of this new tax law are extensive and have left many taxpayers wondering how they will be affected.

Transportation 40

Transportation Tax 40

PYMNTS

OCTOBER 10, 2018

Bitcoin miners have around $4.7 billion in revenue in 2018 — but because of the cost of electricity, miners are failing to make a profit. TheNextWeb , citing blockchain research firm Diar , reported that based on the data, this marks the first time cryptocurrency mining businesses aren’t making money off their bitcoin mining efforts. According to the report, as it stands, bitcoin miners make 54,000 BTC each month for processing the mining blocks.

Manufacturing 80

Manufacturing 80

PYMNTS

OCTOBER 11, 2018

A small test market could be ground zero for seismic changes in commerce and payments — and now possibly for cryptos. Consider Dubai, a city in the United Arab Emirates (UAE), home to 3 million souls. That’s a third of Manhattan’s population, if one is keeping score. It’s a self-proclaimed blockchain city. Dubai is gearing up for payments via digital coin through a concerted effort between the government and blockchain payments provider Pundi X , with hardware rolling out and a state-created cry

Government 79

Government Manufacturing Sales 79

Speaker: Amanda Adams, Fractional CFO, CPA

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Account

PYMNTS

OCTOBER 10, 2018

Mastercard has been awarded a patent for a proposed blockchain system that would support multiple types of currency. According to Coindesk , the patent describes how a firm may need to store different types of transaction data on the same platform, which is difficult to do on a single blockchain. So Mastercard wants to implement a method to create a blockchain that enables different blocks that can store different types of information.

Tax 79

Tax Technology 79

PYMNTS

OCTOBER 8, 2018

The latest rundown of small business (SMB) finance research uncovers key areas for improvement: Younger small business owners are more often relying on personal credit cards for business purchases, paper remains a staple in the finance department, and, while small business loan delinquency rates overall remain stable, research showed several industries in which they rose last month.

Finance 78

Finance accounting and finance bookkeeping Washington 78

PYMNTS

OCTOBER 10, 2018

Michael Barlow has called several places home: He has moved five times in seven years and lived with different roommates. But through his experiences, he didn’t have the furnishings that he wanted. “I never actually bought nice furniture,” Barlow, CEO and co-founder of Fernish , told PYMNTS in an interview. “I never actually had an inspired home experience.”.

Maine 77

Maine Retail 77

PYMNTS

OCTOBER 8, 2018

Amazon revealed that it has fired the employee responsible for sharing customer email addresses with an outside seller on its platform. According to the Wall Street Journal , the eCommerce giant said it had identified and fired the employee, and that no other customer data was disclosed. In addition, the seller who received the email addresses was blocked from selling on Amazon.

Texas 77

Texas Legal Sales 77

PYMNTS

OCTOBER 8, 2018

B2B payments innovators and Warren Buffet have something in common: They are both obsessed with rails. Warren Buffet made rails sexy again when he bought a railroad in 2009. That was the year Buffett took a 77 percent stake in Burlington Northern — in what he described as a “bet on America” and its resilience in the aftermath of the Great Recession.

B2B 76

B2B Transportation Nebraska Start-ups 76

PYMNTS

OCTOBER 12, 2018

Cybersecurity is likely to remain a favorite among B2B investors into the foreseeable future, so it’s no surprise that the industry landed on the board more than once this week. Also enjoying a busy investment week were the logistics and on-demand coworking space industries, particularly in Asia. However, it was a B2B software procurement platform that raised the most money — $55 million — in this week’s B2B venture capital roundup.

B2B 76

B2B Technology Real Estate Transportation 76

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 8, 2018

There is much to be shocked by in the unfolding Danske Bank money laundering scandal, such as the simple amount laundered through the Estonian branch of the Denmark-based bank — $234 billion at current count, roughly the size of the entire Danish economy — or the fallout from the event, including the bank’s CEO Thomas Borgen stepping down in connection with the scandal and investor confidence evaporating.

Gaming 76

Gaming Technology Start-ups payroll 76

PYMNTS

OCTOBER 12, 2018

The world can be a scary place these days, especially for banks. According to recently released reports , fraudsters are continuously targeting big U.S. banks, and these attacks are increasing in both frequency and sophistication. Now, security providers and financial institutions (FIs) are working to stop them from impacting banks’ assets and customers by turning to new, emerging technologies like artificial intelligence (AI) and machine learning (ML).

Technology 76

Technology Gaming accountant Account 76

PYMNTS

OCTOBER 11, 2018

It’s no surprise the financial service industry’s move toward open banking may not be the most favorable trend among banks. With data considered under ownership of the customers and not the bank, financial institutions are exposing themselves to market competition, security risks and other threats in the name of enhanced customer service and choice.

financial accounting 76

financial accounting accountant Account accounted 76

PYMNTS

OCTOBER 11, 2018

Earthport , a global payments company, announced Thursday it has been named by BNP Paribas to provide Automated Clearing House (ACH) cross-border payment services. In a press release , Earthport said that BNP Paribas Fortis, a subsidiary of BNP Paribas and Belgium ’ s largest bank, with annual revenues of €43 billion, will be the first to deploy the services.

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financial statements

PYMNTS

OCTOBER 12, 2018

Amid the headlines detailing the billions of dollars in money laundering done through conduits like Danske Bank and Deutsche Bank, among others, a report shows that the problem is a global one — and that it is getting worse. Certainly the topic is a timely one, and here we delve into why the current anti-money laundering (AML) system and standards in place are less than optimal.

Finance 75

Finance Government Legal 75

PYMNTS

OCTOBER 8, 2018

Understanding who one is doing business with is the first step to mitigating a myriad of risks, including non-compliance, non-payment, violated contracts and more. For decades, business partners have gathered at in-person meetings, conferences and networking events to do business, with the physical business card hand-off as a vote of confidence in a potential new client, service provider or vendor.

B2B 75

B2B Start-ups Technology Sales 75

PYMNTS

OCTOBER 12, 2018

For all the buzz about the advent of real-time payments, and the various opportunities it can reportedly unlock, the lingering uneasiness is that speed also brings the potential for more fraud. That fear, according to David Barnhardt, EVP of product at fraud prevention firm GIACT , is not unwarranted or unreasonable. In fact, he said, it’s very much Payments 101 — where there is increased speed and less of an opportunity to respond to that fraud, banks could be more vulnerable.

Start-ups 73

Start-ups accountant Account accounted 73

PYMNTS

OCTOBER 10, 2018

Like most innovators, Arielle Charnas was looking to solve a problem when she launched her fashion blog – it just wasn’t a fashion problem. It was a boy problem: Namely, she was trying to impress an older guy she was seeing who had said the thing he found most appealing in a woman was entrepreneurship. Charnas, based on a tip from her sister, decided to start a fashion blog in 2009.

Start-ups 73

Start-ups Retail Sales 73

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 8, 2018

Whether they’re shopping on their phones or the web, consumers want to be able to do so in a fast, easy way. So, when it comes to accessing their accounts to shop online, the way they are authenticating needs to be a footnote at best. That’s not to say consumers don’t want top-notch security, according to the PYMNTS Digital Identity Lifestyle Capsule , a Socure collaboration.

accountant 73

accountant Account accounted 73

PYMNTS

OCTOBER 11, 2018

CipherTrace noted in a report that digital currency theft has nearly topped $1 billion over the first three quarters of the year at $927 million, Reuters reported. By contrast, crypto thefts from exchanges only reached $266 million for all of last year. The firm also indicated that smaller thefts between $20 million and $60 million were growing, and reached $173 million for the third quarter.

accountant 73

accountant Account accounted Technology 73

PYMNTS

OCTOBER 11, 2018

Snapchat , according to recent reports , is having cash flow troubles. The app that got famous for its disappearing messages is looking like it will either need to raise a some capital by sometime in 2019 or run the risk of going broke, according to a note by MoffettNathanson. “While it is obvious that Snap wasn’t prepared for life as a public company, it now has a more pressing problem.

Technology 72

Technology Entertainment New York Sales 72

PYMNTS

OCTOBER 11, 2018

American Express is introducing a new solution to accelerate B2B payments to suppliers. In an announcement Thursday (Oct. 11), American Express said it is launching Early Pay, a combination of supply chain finance and early payment discount capabilities. Designed for large U.S. companies procuring from U.S.-based suppliers, Early Pay links vendors to an online platform to have their invoices paid before their due dates for an early payment discount.

accounts payable 71

accounts payable accounting and finance Finance B2B 71

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PYMNTS

OCTOBER 9, 2018

The world is a rapidly changing place for payments – consumer payments, B2B payments , cross-border payments. We are very much not in Kansas anymore when it comes to moving funds, and the old rules don’t work nearly so well in digital Oz. Consumers want to be safe – a trick in and of itself in a world where fraud and cybercrime are endemic. But they don’t want to be safe at the cost of being grossly inconvenienced.

Kansas 71

Kansas B2B Maine Retail 71

PYMNTS

OCTOBER 8, 2018

The headlines come fast and furious — the numbers are staggering. The drill is well-known now, with a litany of familiar names amid data breaches. Equifax and the 143 million victims of a massive hack here in the States stands as a landmark. Card data stolen from millions of department store customers? A story told too often. And, of course, Facebook is now a household name in a less than savory field: data harvesting.

Retail 71

Retail Technology 71

PYMNTS

OCTOBER 8, 2018

In Venezuela, citizens reportedly now need to use the country’s new Petro digital currency to pay for passports, Coindesk reported. A new passport will now come at the cost of two Petros, which is equivalent to 7,200 of the country’s bolivar currency. President Maduro Petro officially rolled out the Petro last week, but the cryptocurrency had been available for pre-sale earlier this year.

Sales 70

Sales Technology 70

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. As reported, the social media giant was hacked through a vulnerability in the Facebook source code, which gave the attackers the ability to steal access tokens, which they in turn used to keep Facebook subscribers logged in.

Government 69

Government accountant Retail Account 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

OCTOBER 8, 2018

B2B payments company TransferMate Global Payments has announced a partnership with AccountsIQ , which will enable its customers to access preferential FX rates for payments through an automated solution within the AccountsIQ system. TransferMate, which is partly owned by AIB and ING Group , has built one of the largest portfolios of payment licenses in the world, partnering with banks, FinTech firms and software providers to offer its clients better exchange rates, lower bank charges and improve

accounting software 69

accounting software accounting and finance B2B Finance 69

PYMNTS

OCTOBER 12, 2018

Amazon announced Friday (October 12) that it launched new doorbell APIs for smart home cameras and doorbells. In a press release , the company said that by releasing new doorbell APIs, developers can create new scenarios in home automation and monitoring. “By updating your smart home skill to use either or both of the new Doorbell Event Source and Motion Sensor APIs, you can enable your customers to connect their doorbell press and camera motion sensors to Alexa,” wrote Amazon.

Washington 69

Washington 69

PYMNTS

OCTOBER 11, 2018

Cyberattacks on banks have become seemingly inevitable, with banks and financial institutions (FIs) at risk of losing as much as $100 billion to online fraud every year. FIs hoping to win the fight against fraud are increasingly embracing new tools and technologies like machine learning (ML) and artificial intelligence (AI). However, preventing cyberattacks from impacting an FI is only half the battle.

Government 69

Government Technology Maine 69

PYMNTS

OCTOBER 8, 2018

IBM announced on Monday (Oct. 8) that there is growing adoption of its food supply chain network, IBM Food Trust. The blockchain-based cloud network provides participating retailers, suppliers, growers and food industry providers with data from across the food ecosystem to enable greater traceability, transparency and efficiency. In a press release , IBM said that global retailer Carrefour announced it will use the IBM Food Trust blockchain network to strengthen its food excellence steps.

Retail 69

Retail Technology Agriculture 69

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