Sat.Mar 31, 2018 - Fri.Apr 06, 2018

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Warehouses Aren’t Keeping Up With eCommerce

PYMNTS

Retail continues to migrate toward eCommerce, but warehouse space is not designed to keep up with the increasing pace of online orders. The average age of a warehouse in the U.S. is more than 30 years old, and many lack modern features, CNBC reported. CBRE has found that most warehouses constructed prior to 2005 had low ceilings, tight space and uneven flooring — issues that are not easy to fix through a renovation.

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KSM to Host ‘Revenue Recognition and Tax Reform: What Contractors Need to Know’

Katz,Sapper&Miller

Katz, Sapper & Miller's Construction Services Group will host “Revenue Recognition and Tax Reform: What Contractors Need to Know” May 9 in Indianapolis.

Tax 40
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Insurers Test Blockchain To Manage Provider Data

PYMNTS

The blockchain is making inroads into healthcare. Earlier this week, five healthcare firms operating across the U.S. insurance landscape said they’re launching a pilot program that will help boost the management of healthcare provider data. The five organizations include insurers Humana , UnitedHealthcare , Quest Diagnostics , Optum and MultiPlan. (Optum and UnitedHealthcare are part of UnitedHealth Group).

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Coinbase Starts Cryptocurrency Venture Fund

PYMNTS

To give cryptocurrency startups and their founders a boost, Coinbase has started a new incubator fund called Coinbase Ventures. While the popular cryptocurrency exchange expects the fund’s profits to be small compared to those of its overall business, the fund already has $15 million and is expected to grow, CNBC reported. “We’re going to invest off our balance sheet into crypto-companies,” Coinbase President and Chief Operating Officer Asiff Hirji told CNBC.

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Building a Business Case for Finance Automation

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 automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Solving For The Unknowns In Small Business Banking

PYMNTS

Small business (SMB) banking is in need of an overhaul. Between the threat of FinTechs and small business owners’ increasing willingness to switch banking providers, financial institutions are waking up to the demand for better SMB services. But an increased focus on innovation means the path to understanding what actually constitutes “better” is unclear.

B2B 70
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Meet Ben, An AI-Based Bitcoin Friend

PYMNTS

Much has been written about buying bitcoin in specific, and cryptocurrency in general. Whether it’s investing or gambling, whether it’s a good idea or immoral – no ink has been spared in uncovering every angle on cryptocurrency and what its purchase and sale will mean for the future of money. With one, curious exception, as Ben, Inc. co-founder and CEO Miguel Kudry noted in an interview with PYMNTS.

More Trending

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Facebook Admits Most Of Its 2B Users Had Their Public Profiles Scraped Without Permission

PYMNTS

Another data issue for Facebook: The company announced that “malicious actors” were able to use search tools to discover the identities and collect information on most of its 2 billion users worldwide. The news came on the same day that the social media site admitted that data improperly shared with Cambridge Analytica could be much higher than the originally estimated 50 million users.

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Amazon Announces HQ2 – On Mars

PYMNTS

In a move that devastated, and perplexed, local officials nationwide, Amazon announced the forthcoming home of its second headquarters. It’s going to be Mars. In fact, according to Jeff Bezos, Amazon HQ2 will be the first building to be constructed in Alexalopolis which Amazon’s CEO explained to assembled reporters this morning, will someday be the capital city of Mars itself.

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In Latest Hacking News, Best Buy Breached?

PYMNTS

Hacking 24/7 when it comes to [24]7.ai ? Seems that way. In a week that saw possible data breaches at Delta , Kmart and Sears , Best Buy joins the parade of victimized firms. Data pilfered may have spanned names, credit card details and other important bits of personally identifiable information. There’s a common thread that runs through the roster of companies that may have been exposed.

Retail 60
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TRENDING: Why Simple Is What Sells mPOS

PYMNTS

The U.S. is home to more than 8,700 registered farmer’s markets, not to mention thousands of crafts and arts fairs, holiday festivals and other events, where small vendors come together to sell their wares. But making sales move and boosting the bottom line isn’t only about making compelling products. It’s also about utilizing the mPOS system to make it easy for merchants to accept payments quickly, stay organized and not spend too much revenue on fees.

Sales 56
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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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AI Gets Personal To Reduce False Declines

PYMNTS

What could possibly be worse for banks and retailers than fraud? According to Dr. Akli Adjaoute, CEO, Brighterion , it’s declines. “What good is a system if it saves you $1 on fraud but loses you $100 in false declines?” Adjaoute asked in a recent episode of the “AI Myths” podcast with Karen Webster. “You hear about the cost of fraud, but declines — that is, false positives — are just as costly.

Retail 53
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Toys R Us Embraces Blockchain To Save Company

PYMNTS

They did it for the children. Amid plans and proceedings underway for liquidation, Toys R Us found a silver bullet in its quest for salvation. With one simple stroke of a digital pen, so to speak, the toy icon changed its name to Blockchain R Us. And the money came rolling in, to the tune of $7 billion in a day, from investors everywhere, and the company’s debt was retired.

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Petal CEO: Using Cashflow — Not FICO — To Issue Credit Cards

PYMNTS

For the 47 percent of Americans with prime credit scores, getting and using a credit card isn’t much of a problem. The problem, Petal co-founder and CEO Jason Gross told Karen Webster, is that it leaves around half of all Americans with only a few options: a credit card with expensive strings or no credit at all. Petal wants to change the math on how consumers gain access to credit – and turn the tables on how creditworthiness is assessed.

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Starbucks Brings Mobile Coffee Ordering Through Bixby To South Korea

PYMNTS

Starbucks Coffee Korea Co. is launching voice ordering through Bixby, becoming the first retailer to use Samsung ’s voice assistant for orders and payment. The company is a joint venture between Shinsegae Group and Starbucks Coffee International , retail news source Chain Store Age reported. “We are pleased to provide our customers with more convenient ways to be rewarded for their purchases,” said Starbucks Coffee Korea CEO, S.K.

Retail 52
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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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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Employee Phishing Likely To Blame For Saks, Lord & Taylor Breach

PYMNTS

Experts say an employee phishing scam is likely to blame for the data breach affecting millions of Saks Fifth Avenue and Lord & Taylor payment cards. Reports in The New York Times on Sunday (April 1) said experts believe a notorious ring of cybercriminals implanted software into the retailers’ register systems, allowing them to access card data for a year.

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Monopoly Goes Cashless, Now Accepts Apple Pay

PYMNTS

In an effort to introduce digital payment options for Monopoly players, Hasbro has added Apple Pay to its latest version of its popular board game. Players will be able to use their mobile wallets in the game’s latest iteration, which has been dubbed iMonopoly, Hasbro said in an announcement on April 1, 2018. “Now, more than ever, consumers are using mobile wallets to pay for everyday purchases,” the Monopoly Man told PYMNTS.

Vermont 51
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How Mom-And-Pop Pizzerias Can Tap Into Digital Orders

PYMNTS

Behind many mom-and-pop pizzerias is an owner swamped with work. Their time in the restaurant often stretches long beyond the traditional eight-hour work day. That doesn’t leave a lot of time for figuring out digital ordering. Through platforms such as Slice , small pizzerias can tap into technology that allows their customers to order pizza online for pickup or delivery — just like the larger national chains.

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Panera Leaves Customer Data Exposed Online For Months

PYMNTS

Panera revealed the data of millions of customers for eight months or more before removing it from the bakery restaurant’s website Monday (April 2), reported KrebsOnSecurity. According to KrebsOnSecurity, the data, which includes names, email and physical addresses, birthdays, loyalty card numbers and the last four digits of credit card numbers, was visible in plain text on the Panerabread.com website for anyone that was signing up to place online food orders from the website for pickup or deliv

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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SEC Charges Founder Of Mozido With Defrauding Investors

PYMNTS

The Securities and Exchange Commission (SEC) announced news on Monday (April 2) that it charged Michael Liberty, the founder of Mozido , the FinTech startup, with scamming investors out of their money. According to a press release issued by the SEC, the regulator contends Liberty engaged in a scam to trick hundreds of investors into funding his shell companies instead of Mozido.

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How Restaurants Can Offer Digital Corporate Event Booking

PYMNTS

When a water pipe burst in his office, Ron Shah needed to find a place to hold meetings. He turned to the internet, but he couldn’t find a place to book spaces online. As a result, he came to understand the experience of booking meeting spaces offline: It’s hardly a hassle-free experience and can involve calling an individual property. Then, of course, people who work for large companies have the added complication of, say, needing the legal team to review the documentation.

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How Spend Management Beefs Up Bottom Lines

PYMNTS

“Does your business want to improve its spend management?”. Few CFOs would say “no” if asked that question: Spend management is attractive to companies for obvious reasons, as even successful companies face margin pressures. Yet there can also be some trepidation about the effort it will take to reimagine how spending is handled within the organization versus the benefits it will deliver.

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Toys R Us Stops eCommerce Sales

PYMNTS

As Toys R Us winds down its operations, it is no longer accepting eCommerce orders through its website. Instead, the retailer is directing customers to liquidation sales at its brick-and-mortar stores for both its namesake and Babies R Us brands, industry news source Chain St ore Age reported. “Thanks for visiting,” reads a pop-up on the retailer’s website.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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UK SMB, Bank Groups Spar Over Low Lending Rates

PYMNTS

U.K. small businesses continue to struggle with access to bank funding, according to reports in Financial Times on Friday (March 30). Small business group SME Alliance spoke to the House of Commons select committee to discuss small firms’ ongoing challenges in seeking bank loans. Traditional banks remain reluctant to lend to small firms, the group said, using their size to gain a legal advantage over SMBs that file complaints with FIs.

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Wells Fargo Divests Payroll Assets

PYMNTS

Wells Fargo reached an agreement to sell assets of its Business Payroll Services unit to Asure Software , the companies said in a press release on Monday (April 2). Asure, which offers human capital management (HCM) and workplace management software solutions, will acquire Wells Fargo Business Payroll Services’ Evolution HCM customer portfolio, the firm said, and business customers using Evolution HCM will be transferred to Asure Software for payroll services.

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Walmart Chooses Towers Over Lockers For Pickup

PYMNTS

After receiving positive feedback on its Pickup Towers, Walmart is rolling out 500 additional machines – with some new added features. The towers will also come equipped with Pickup Lockers to enable customers to receive merchandise such as televisions, Chain Store Age reported. “Our customers have been clear: They love the Pickup Tower,” Walmart wrote in a blog post. “But, they also told us they wanted the ability to retrieve larger items the same way.”.

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Why The Transportation Sharing Economy Isn’t Just For Cars

PYMNTS

Drivers can borrow cars for a few hours at a time — or a day — through services like Zipcar. But car shares don’t solve all transportation challenges: Cars are limited to busy roads, after all. If someone wanted to make a two-mile journey in San Antonio, Texas, to see the Final Four at The Alamodome, for example, the trip would be “an exercise in 25 to 35 minutes by car,” Blue Duck Scooters Co-Founder Eric Bell told PYMNTS in an interview.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Just-In-Time Manufacturing Lowers Entry Barrier For Artisans

PYMNTS

Technology like 3-D printing is getting more affordable and accessible by the day, so it seems almost inevitable that it would start to have an impact on manufacturing and production for consumer retail, but Voodoo Manufacturing CEO Max Friefeld says it’s not happening yet, and it likely won’t occur in a big way until the industry settles a bit from the digital shakeup.

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DBS Bank Targets Singapore’s Corporate Check Problem

PYMNTS

In its latest initiative to promote the digitization of B2B payments, Singapore’s DBS Bank said it’s working to support its corporate customers’ shift away from the paper check. Reports in The Business Times on Thursday (April 5) said DBS Bank wants a 30 percent reduction in corporate check use by 2020. According to the Head of Digital at the financial institution’s Institutional Banking Group, Raof Latiff, businesses are already demanding digital solutions at a greater pace than before.

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The Many Paths For Aiding And Abetting Access

PYMNTS

The key to success is often access to the right thing at the right time. That might be salary, which is why tilr is so focused on getting paychecks into worker’s wallets as fast as possible. Or it might be credit — which Petal wants to free from the shackles of FICO. But the big takeaway from today’s data is this: If you build the access and the speed necessary to sustain it, people will come.

Tax 49
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Equifax Confirms It Sent Out Letters To Hack Victims With Wrong Information

PYMNTS

Equifax , the credit reporting company still suffering the aftermath of a massive data breach last fall, has confirmed it sent out notification letters to victims that are erroneous. CNBC, citing Equifax, said a “small percentage” of letters went out with incorrect personal information. Over the weekend, one person received a letter from Equifax which had the correct address but incorrect name.

Retail 47
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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.