PYMNTS

MAY 20, 2019

Mobile commerce might just be the key to saving brick-and-mortar stores. Consumers use their smartphones to shop for everything, everywhere – including using them to help them shop in-store. What’s more, consumers who use their smartphones while shopping in-store visit them more often than consumers who don’t. As much as 81.5 percent of consumers who do say they visit brick-and-mortar shops every day or every week.

Maine 90

Maine Retail 90

Katz,Sapper&Miller

MAY 24, 2019

Wherever financial information and funds flow, there is the potential for losses caused by cyberattacks, fraud, and embezzlement. With the construction industry closing in on a decade of strong performance, all levels of employees should be aware of these threats and the costs of recovery (in both time and expense).

Construction 51

Construction 51

PYMNTS

MAY 23, 2019

Kaspersky Lab, a cybersecurity and anti-virus company, has reported a rise in a specific malware intended to steal money and credentials from people’s bank accounts. The company found 29,841 files of the malware in Q1 of 2019, which is up from 18,501 in Q4. Attacks on upwards of 300,000 users were detected. Kaspersky Lab released its IT threat evolution in its Q1 2019 report.

accounted 83

accounted accountant Account 83

PYMNTS

MAY 23, 2019

Rumors of the death of cash – as in complete extinction – are greatly exaggerated. Even as digital payments gain ground, cash still remains part of the payments landscape – and its place may be permanent. A new report from Square underscores the resiliency of bills and coins. That comes even as, Square estimates, the percentage of U.S. consumers using cash for purchases below the $20 threshold dipped from 46 percent to 37 percent.

New Jersey 80

New Jersey Massachusetts Sales Retail 80

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.

Finance

PYMNTS

MAY 20, 2019

For Sir Tim Berners-Lee, the man credited with inventing and giving away the World Wide Web protocol that shaped the internet as we know it today, the web at its best has always been about being decentralized. “The decision to make the Web an open system was necessary for it to be universal. You can’t propose that something be a universal space and at the same time keep control of it,” Berners-Lee famously noted in 1998.

Healthcare 79

Healthcare Start-ups Gaming 79

PYMNTS

MAY 22, 2019

Mastercard and Interac, the global and domestic payment networks, announced Wednesday (May 22) they are collaborating to offer customers in Canada a fast and easy way to send money internationally. In a press release , the companies said Interac is using Mastercard Send, a push-payments service to send money cross-border, on the Interac eTransfer platform.

Gaming 76

Gaming accounted Account accountant 76

PYMNTS

MAY 21, 2019

Payment company Allied Wallet and its owner, Ahmad Khawaja, as well as two officers, Mohammad Diab and Amy Rountree, have settled with the Federal Trade Commission (FTC) over allegations of knowingly processing fraudulent transactions related to scams, the FTC reported on Tuesday (May 21). Allied Wallet was accused of processing payments for firms that were known by law enforcement agencies as fraudulent, such as Stark Law, a debt collection scheme; TelexFree, a pyramid scheme; and MOBE and Digi

California 76

California Sales Legal 76

PYMNTS

MAY 22, 2019

A new service launched Wednesday (May 22) called Plaid Direct enables “two-way connectivity across the financial ecosystem and makes it easier for consumers to move money between their accounts — whether it’s in a neobank, FinTech, or big box bank account,” according to a statement from Plaid. In a blog post , the company said it now offers a “lightweight integration specification that allows banks and FinTech applications to quickly and easily become a data source in the Plaid network.

accountant 76

accountant accounted Account Technology 76

PYMNTS

MAY 22, 2019

There is no “i” in team — every coach’s mantra. Guess what, though? That’s only half the story when it comes to the concept of working together for the greater good. As it turns out, “payments is a team sport,” at least in the view of Manish Kohli, global head of payments and receivables at Citi. In a recent PYMNTS discussion with Karen Webster, Kohli dug deep into how financial institutions (FIs), FinTech firms and others need to find ways to work together to advance the cause of digital paymen

Sports 75

Sports B2B Gaming Sales 75

PYMNTS

MAY 24, 2019

Intelligence of Things (IoT) devices are continuing to gain popularity. By some estimates, more than 14 billion devices are expected to be in use by the end of the year. However, with this growth comes the increased risk of data breaches and fraud. It has also raised concerns among privacy advocates and security experts, with many warning against the dangers of weak security protocols and constant vigilance.

California 75

California Technology Government Transportation 75

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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.

Technology

PYMNTS

MAY 22, 2019

Target notched an impressive beat when it reported its Q2 earnings earlier this morning (May 22), with earnings and sales both clearing analyst predictions. Net income clocked in at $795 million, or $1.53 per share. That is a beat on results at this time last year, when Target reported earnings of $718 million, or $1.33 a share, a year ago, well ahead of analyst estimates of an EPS of $1.43.

Sales 75

Sales Start-ups Retail 75

PYMNTS

MAY 19, 2019

New York’s Department of Financial Services seized Municipal Credit Union , New York’s oldest credit union, on Friday (May 17), saying it is facing “unsafe and unsound” conditions. The move comes after its ex-Chief Executive Officer Kam Wong pleaded guilty to embezzling funds, reported Reuters. According to the report, the former CEO pleaded guilty in November to embezzling millions of dollars from the credit union.

New York 72

New York 72

PYMNTS

MAY 22, 2019

As the need for speed increases worldwide, banks and other financial players are adapting payments to work smarter — not harder. Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par.

B2B 72

B2B Technology Start-ups Maine 72

PYMNTS

MAY 22, 2019

Mobile commerce has become part of the daily routine for many consumers — who are not just using devices to shop on the go, but also in-store and for a variety of product categories. In the 2019 edition of the Remote Payments Study , PYMNTS collected and analyzed survey data from 2,300 American consumers to see how shopping habits have changed and evolved from last year.

Retail 71

Retail Technology 71

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.

payroll

PYMNTS

MAY 21, 2019

Commuters in Portland, Oregon and Vancouver, Washington can now add a digital Hop Fastpass card to their iPhone or Apple Watch, thanks to an alliance between Mastercard and Apple. Mastercard announced Tuesday (May 21) that using Mastercard token services, commuters can add a card purchased through the Hop Fastpass App to Apple Wallet and tap their iPhone or Apple Watch to get on board public transportation.

Transportation 69

Transportation Oregon Washington New York 69

PYMNTS

MAY 22, 2019

The first time is a charm. In fact, the first time must be a charm. No, we are not talking about first dates or so-called “meet cutes” in movies. We are talking about consumer acceptance of contactless payments in the U.S. – specifically, the use of such payments for mass transit in New York City. It’s an unforgiving environment where people are famously told not to look too long at other riders, so you can imagine the frustrations in store if those payments should fail while someone is trying t

New York 68

New York Transportation Education Retail 68

PYMNTS

MAY 20, 2019

Vending machines, increasingly, are ditching the dollar bills in favor of payments rendered in bits and bytes. Kiosks are increasingly becoming part of the retail landscape. As reported in the latest Unattended Retail Tracker , done in partnership between PYMNTS and WorldNet Payments, unattended retail is gaining traction worldwide, on the heels of growth in consumer demand and as employers look to increase their operating profits.

Real Estate 68

Real Estate Retail New York Sales 68

PYMNTS

MAY 19, 2019

The New York City taxicab industry has been suffering, with a series of suicides plaguing taxi drivers over the past year as they struggle with debt and financial strife. While New York City has long blamed Uber and Lyft for the industry’s woes, a New York Times investigation found the fault lies with industry leaders. An investigation by The New York Times shows industry leaders artificially drove up the price of taxi medallions.

New York 67

New York 67

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.

Finance

PYMNTS

MAY 22, 2019

The old adage is that a journey of 1,000 miles begins with a first step. In banking, the customer journey, of course, begins with the first steps involved in setting up a relationship — offering up names, addresses, Social Security numbers (SSNs) and a wealth of other data to set up accounts. However, that’s a process that needs to keep up with the times.

Technology 67

Technology Start-ups accounted Account 67

PYMNTS

MAY 20, 2019

Clinc, the AI startup, has raised $52 million in venture funding in a Series B round of venture funding. VentureBeat , citing the company, reported the $52 million was more than eight times its Series A raise in February of 2017, when it raised $6.3 million in funding. The Series B round was led by Insight Partners and included participation from DFJ Growth and existing investors Drive Capital and Hyde Park Venture Partners.

Michigan 65

Michigan Technology 65

PYMNTS

MAY 20, 2019

Large U.S. banks are seeing a deterioration in commercial lending portfolios for the first time in three years, according to a report by the Financial Times. The news is making some investors worried about whether it’s the start of a trend, considering the relatively strong state of the economy. Ten of the biggest commercial lenders saw non-performing loans rise 20 percent in Q1, or about $1.6 billion.

Hospitality 65

Hospitality California 65

PYMNTS

MAY 20, 2019

The number of ATMs installed during 2018 declined by 1 percent on a worldwide basis, found RBR, the research firm. In a press release , RBR said the number of ATMs stood at 3.24 million at the end of 2018 and that the decline was due to branch closures and growing popularity of mobile payments. In RBR’s new Global ATM Market and Forecasts to 2024 report, it found the number of ATMs declined in four of the five largest markets last year.

Retail 65

Retail 65

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.

CPA

PYMNTS

MAY 20, 2019

NCR, the payments company that makes self-service kiosks, point-of-sale terminals and automated teller machines, among other payment devices, has reportedly tapped Bank of America Equities to find a buyer. Seeking Alpha , citing a DealReporter story, reported that Warburg Pincus has been in discussions with NCR during the past few weeks about a deal.

Texas 65

Texas Start-ups Sales 65

PYMNTS

MAY 22, 2019

WeChat Pay and Alipay, the Chinese digital payment apps, have been banned in Nepal due to a loss of income as a result of the services, per the government’s claims. Reuters , citing Laxmi Prapanna Niroula, a spokesman for the Nepal Rastra Bank, reported that the two digital payment services are not registered with the central bank in Nepal and are therefore illegal.

Government 63

Government Tax accountant accounted 63

PYMNTS

MAY 24, 2019

Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by Reuters. The takeover starts on Friday (May 24) and will last a year, both the Insurance Regulatory Commission (CBIRC) and the People’s Bank of China (PBOC) said on their respective websites. Takeovers of banks are rare in China, and this is the first one in almost 20 years.

accounting and finance 63

accounting and finance Construction Maine Finance 63

PYMNTS

MAY 23, 2019

Technology may be changing, but the level of service consumers want from businesses is not. With a growing number of consumers around the globe now participating in the sharing economy, customer service and personalization are becoming crucial to connect with consumers. While many of these customers belong to the millennial and Gen Z age groups, and prefer to communicate via text or Messenger, companies in the sharing economy still need to maintain familiar channels, like contact lines, to satis

Technology 62

Technology Government Maine 62

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

Spend Management

PYMNTS

MAY 22, 2019

To prevent consumers from leaving their carts behind before they pay, businesses need to have strong online checkout processes that convert online shoppers into customers. The aim is to head off the real and pertinent issue of checkout abandonment, which, according to some estimates, happens to a staggering share of eCommerce carts. Some estimates say almost seven in 10 — or 69.6 percent — of all online shopping carts end up deserted, according to the latest PYMNTS Checkout Conversion Index.

Gaming 62

Gaming Technology Retail Start-ups 62

PYMNTS

MAY 20, 2019

The idea for an Apple Credit card, which made a splash when it was introduced at the March Apple event, has been around since at least 2004, when Steve Jobs was running the company, according to reports. Former creative director at Apple, Ken Segall, revealed the news in a blog post on Monday (May 20). “The year was 2004, when Apple was a very different company.

62

62

PYMNTS

MAY 22, 2019

An analyst has revealed that Tesla missed out on the chance to sell to Apple six years ago for around $240 per share. “Around 2013, there was a serious bid from Apple at around $240 a share,” Craig Irwin, an analyst at Roth Capital Partners, told CNBC. “This is something we did multiple checks on. I have complete confidence that this is accurate. Apple bid for Tesla.

California 61

California 61

PYMNTS

MAY 21, 2019

Wells Fargo has been under the proverbial microscope — and now, even more, so will its CEO. The scandal-scarred bank is on the lookout for its next chief executive, with Tim Sloan having departed roughly two months ago. At the moment, C. Allen Parker is interim head of the company. But as Reuters reports , when the next CEO takes the reins, he or she will be required to do everything from submit fingerprints to offer up tax documents, and will generally face a “vetting process that could rival t

Tax 61

Tax Government Finance 61

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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.