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When talking about advances in home automation and artificial intelligence (AI)-guided systems for consumers, the conversation has a natural tendency to drift toward younger consumers, particularly millennials. That focus isn’t unwarranted, as there are 75 million millennials, and the older half of that generation (the group PYMNTS has termed Bridge Millennials ) is much more likely than the average consumer to own a smart device, and more likely to use it to make a purchase.
In the midst of the day-to-day flurry of wagging tails and purring patients, it’s easy to lose sight of strategies that can help keep a veterinary hospital healthy and running smoothly. Developing a plan to effectively manage labor costs is one strategy that can help do just that. So where should you start? Though it might sound daunting, simply being intentional about how you view and manage labor is the first step.
Amazon has its eyes on expansion for its Whole Foods brand in closed Sears and Kmart stores, according to a report by Yahoo! Finance. The recent woes of Sears and other struggling retailers are seen as an opportunity for the online retail giant. Sources told Yahoo! that the company is visiting sites of now defunct retail spaces. For example, Whole Foods managers went to a site in Utah that used to be a Kmart.
New York has banned the ban. In the wake of court filings this week that effectively ended a challenge to surcharges on credit card transactions in New York, merchants in the Empire State can indeed embrace those fees, contingent upon stating those costs to consumers up front. The merchant plaintiffs and the state of New York filed motions on Jan. 8 to dismiss a challenge to such charges, seemingly capping a battle stretching back years.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Ripple, the blockchain company that has the XRP digital currency, reached a milestone on Tuesday (Jan. 8) by reaching 200 customers. According to a blog post , Ripple said that in addition to the 200 customers, it has seen a 350 percent increase in customers who are sending live payments over its blockchain platform. The company announced that 13 new financial institutions, including Euro Exim Bank, SendFriend, JNFX, FTCS, Al Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCo
The new year has dawned with a number of cross-border payment pacts, done across blockchain and other means. In Pakistan, as reported by Coindesk, Telenor Microfinance Bank and remittance firm Valyou Sdn Bhd (a Telenor subsidiary) have launched a payment platform based on Alipay’s blockchain offerings. That blockchain technology, in turn, had been developed by Ant Financial Services Group.
Until extremely recently, the word “fortnight” was a fancy way to say “two weeks” – and it wasn’t likely to come up unless one happened to be studying for the SATs. But in the year 2018, that changed – the word went from being a piece of anachronistic English to a certified cultural phenomenon (albeit spelled a bit differently) that almost no one was anticipating.
Until extremely recently, the word “fortnight” was a fancy way to say “two weeks” – and it wasn’t likely to come up unless one happened to be studying for the SATs. But in the year 2018, that changed – the word went from being a piece of anachronistic English to a certified cultural phenomenon (albeit spelled a bit differently) that almost no one was anticipating.
Payments can be very cyclical for clients of FinTech startups – they can be flooded Monday morning after a quiet Sunday. With that sudden rush of information, the startups need to rapidly adapt to handle that flow of information. “We need the ability to scale our platform quickly and very effectively,” DadeSystems ‘ CTO Doug Hathaway told PYMNTS in an interview, adding that clients can all “feel like they’re No.1” and that their data is quickly processed.
U.S. startups had a great 2018 in terms of funding, with new data showing that venture capitalists deployed $130.9 billion, marking a new all-time high. According to new data from the PitchBook-NVCA Venture Monitor , the $130.9 billion deployed surpassed 2000, which was a record-setting year. “The venture ecosystem continued to slash records in 2018, further illustrating the maturation of the venture capital asset class, but also raising questions about the sustainability and health of these act
Comcast is releasing an artificial intelligence-powered service that will monitor, block and tell customers about online threats to devices connected to home networks, the company announced on Tuesday (Jan. 8). The new service, called Xfinity xFi Advanced Security, was developed to protect numerous smart devices from potential hackers and malware attacks.
The recent announcement that China’s UnionPay and Huawei are teaming up to bring Huawei Pay to Russia stands as the latest example that alternative payments are spreading to different parts of the world. It also provides another sign that that cash is, generally at least, slowly losing its dominance as a payment method in all types of economies. But while alternative payment methods are certainly on the upswing in 2019, there are significant hurdles that promise to impede their progress in the d
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Amazon is hoping to increase purchases of furniture online, rolling out a new feature dubbed Amazon Showroom that takes advantage of virtual reality tools. According to a report in Chain Store Age , the new feature lets online shoppers place 3D images of furniture into a virtual room to get a sense of how it would really look. The room’s wall colors can be changed, as well as the carpet and flooring.
Paying on the go — literally, as in on the road and in the car — is gaining traction. As noted yesterday in the PYMNTS Digital Drive Report, 99 million drivers — commuters, to be exact — are connecting to their dashboards and driving $230 billion in commerce, buying everything from groceries to coffee. To that end, Honda has debuted its Honda Dream Drive prototype, billed as the “next generation infotainment, commerce, services and rewards” experience for drivers and passengers.
Few things feel better than the rush of a winning streak — money bet on a football or baseball team, or a sporting event, that turns into a pile of dough after a victory or beating the spread. But that excitement can quickly deflate if the winning gambler then must wait for his or her winnings. That’s where reloadable cards and instant access to funds come in — especially as the worlds of payments and commerce move further toward the goal of frictionless transactions and sports betting in the U.
UnionPay International announced earlier in January that it rolled out the UPI Developer, which is a platform to create applications for cross-border payments. According to a report in Mobile Payments Today , the new platform is open and enables developers to create apps for cross-border mobile payments as well as other technologies. With the platform, developers can access UnionPay application programming interface so that UnionPay tech can be integrated into their own products. “With the
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Samsung has announced that it will offer iTunes Movies and TV Shows and Apple AirPlay 2 support on all 2019 Samsung Smart TV models beginning this spring, while support on 2018 Samsung Smart TVs will launch through a firmware update. In addition, a new iTunes app will launch exclusively on Samsung Smart TVs in more than 100 countries, while AirPlay 2 will be available in 190 countries.
The enterprise is exposed to financial risks at just about every angle, with expansion across borders and into partnerships with unfamiliar firms upping the ante on both risk and reward. Analysts are urging corporates to enhance their risk management strategies in today’s particularly volatile climate. But enterprise risk management (ERM) isn’t just about playing defense; rather, strategic ERM enables professionals to identify new business opportunities that result from volatility, m
HERE Technologies , a mapping and location data company, has released a new mobile transportation app called SoMo that hinges on a social aspect, according to a report from VentureBeat. Unlike, say, Uber or Lyft, SoMo allows users to plan trips based on events and friends. For example, if everyone is going to see a concert, they can coordinate in the app and carpool.
At times, it seemed it would not get this far: the Real ID Act. States resisted the post-9/11 authentication law, and sought extensions to its deadlines. Citizens raised complaints to lawmakers about the hassle of collecting birth certificates to prove identity, and the prospect of taking time away from work or personal lives to stand in long lines for the new forms of ID.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Launched in 2016, the Single Resolution Board ( SRB ) aims to make sure that the failure of one major bank does not impact the EU’s entire banking system or require a bailout from taxpayers. In an interview with The Financial Times , the agency’s head, Elke König, said that while there has been progress in how the EU handles bank failures, it is still “an ongoing challenge.”.
The U.K. is launching a traffic-light warning system to spotlight large companies that fail to pay their suppliers on time. The Sunday Times reported that the plan will be revealed this week by the nation’s Small Business (SMB) Commissioner Paul Uppal. The only details released so far have said that a red light will be shown to identify repeat offenders, as well as for companies that fail to publish their payment terms, which they are obligated to do twice a year.
Behind many shifting trends in small business (SMB) financial services — the rise of FinTech service providers, the emergence of artificial intelligence (AI), even regulatory efforts to promote bank switching — is a growing realization for the industry: Business owners don’t just want number crunchers and money holders; they want advisory services and guidance to help grow their firms.
To help modernize its restaurants and provide new ordering experiences to its diners, Taco Bell is bringing new technology into its brick-and-mortar restaurants across the country: The quick-service restaurant (QSR) chain is deploying self-service kiosks. The devices enable customers to peruse the Mexican-inspired chain’s menu and customize its selections to their tastes or dietary needs.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Entrepreneurs are constantly solving problems, and those challenges often come out of personal experiences. Kevin Vanderwarker, who co-founded dining recommendation platform Taste , traveled across the country for a number of jobs over the years and found it difficult to discover a good place to eat on the road. “The only way to find a good restaurant in my opinion was to call somebody you knew,” Vanderwarker told PYMNTS in an interview.
There’s a new king of the mountain in the seemingly endless tussle between the world’s four largest companies – Amazon, Microsoft, Alphabet and Apple. On Monday (Jan. 7), Amazon passed Microsoft as the largest company by market value, according to reports. Amazon was worth about $8 billion more than Microsoft on Monday, at $799 billion to Microsoft’s $791 billion.
After 126 years in business as an iconic American retailer, Sears Holdings has reportedly turned down a bid by Chairman Eddie Lampert to help it stay open. But Lampert’s hedge fund, ESL Investments, reportedly wants to challenge the decision per unnamed sources with knowledge of the situation, CNBC reported. The hedge fund will reportedly refer to the advisory fees incurred by Sears over its bankruptcy, which are said to make up a portion of the retailer’s administrative expenses.
The food delivery space keeps heating up — the latest news is that Postmates has scored a $100 million investment in advance of its initial public offering (IPO), expected with the first six months of 2019. And the coming months promise to bring more heat to this space as Uber heads toward its own IPO , and new delivery methods are tested. But consolidation looms, according to some observers, and online food delivery services will eventually have to shift more focus away from consumers and towar
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
Visa and SiriusXM Connected Vehicles Services, a subsidiary of Sirius XM Holdings, have announced they are teaming up to launch a new in-vehicle payment solution. It has been projected that new services from the connected car space — on-demand mobility services, and data-driven services like applications, software and remote services — could generate as much as $1.5 trillion in additional revenue for the automotive industry by 2030.
Many carmakers have softened their stances on driverless technology because they’re not sure if the tech is quite ready for the mainstream. Financial Times reported that the mood about driverless cars has been noticeably different at this year’s Consumer Electronics Show (CES) in Las Vegas, and that some companies that had previously touted the technology seem less eager to make the transition.
Mastercard’s logo of two intersecting circles will no longer include the name of the company, according to a report from The Wall Street Journal. The company is going the way of Nike, Apple, Shell and Target by eschewing the use of type in its logo, instead relying on its iconic image to remind users of the company. The text-free logo decision comes in the wake of the company trying to avoid the word “card,” as cashless technologies continue to spread and become more common.
Chile is considering a 19 percent tax on multinational eCommerce companies like Amazon, Netflix and Uber. Finance Minister Felipe Larrain made the announcement on Thursday (Jan. 10), and if it comes to fruition, the rate would be almost double what was originally proposed, Reuters reported. The Chilean Chamber of Commerce, the Confederation of Production and Commerce and the Organisation for Economic Co-operation and Development (OECD) are all backing the tax rate.
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.
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