PYMNTS
OCTOBER 22, 2018
Fair Isaac, creator of the FICO credit score, will be rolling out a new scoring system in early 2019. According to the Wall Street Journal , the UltraFICO Score should help many consumers get approved for loans because it factors in how consumers manage the cash in their checking, savings and money-market accounts, which could serve as an indication of how likely they are to repay their debts.
Katz,Sapper&Miller
OCTOBER 24, 2018
As Indiana’s largest industry sector enjoys continued growth in revenues and profits, its employers are investing heavily in automation and manufacturing efficiency, welcoming an industry movement that, nationally, has been dubbed “Industry 4.0.” The 2018 Indiana Manufacturing Survey: Industry 4.0 Has Arrived shows that most Indiana manufacturers consider investments in facilities, machinery and related information technology to be their top concern.
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PYMNTS
OCTOBER 22, 2018
Connected devices — smartphones, tablets, voice-activated speakers, smartwatches, in-car dashboard systems — are changing how consumers in the U.S. buy and pay. Not just some consumers, but almost all of them. We have brand-new data that reveals how much change is happening. Using smartphones and apps to autopay at gas stations, or to find and pay for parking, or asking a voice-activated assistant on the other end of a speaker to order a pizza aren’t just what early adopters of cool, connected
PYMNTS
OCTOBER 26, 2018
Corporates across the Asia Pacific region are increasing their use of commercial card products, according to a new report from Citi. Reports in The Asset on Thursday (Oct. 25) said Citi’s Asia Pacific Commercial Cards Survey 2018 revealed businesses in the region are expanding their commercial card programs, as organizations shift away from legacy payment tools and use their cards for more spend categories, including procurement and meetings and events.
Speaker: Dave Sackett
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
PYMNTS
OCTOBER 21, 2018
JPMorgan Chase is doubling down with its FinTech aspirations, gearing up to start development of a new FinTech corporate campus in the early part of 2019. CNBC reported that the campus in Palo Alto, California will be home to more than 1,000 employees. The campus will be located between Facebook and Google in the Stanford Research Park. JPMorgan Chief Executive Jamie Dimon views technology as a way to keep back the competition from FinTech startups that are luring over millennial customers in dr
PYMNTS
OCTOBER 26, 2018
Ripple said that its revenues related to the sale of the digital asset known as XRP gained ground in the third quarter of this year, more than doubling over the second quarter (that is, sequentially). The company said in its third-quarter report on XRP markets that it sold $163.3 million in the latest period, up from the $75.5 million in the second quarter.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
OCTOBER 25, 2018
With the help of travel experts, hotels can tap into a new channel to drive online bookings: Travelers can be inspired to book a reservation after seeing a photo or recommendation from a knowledgeable explorer. In that spirit, SIX Travel provides explorers with a curated list of hotels specifically handpicked by travelers, editors and publishers. The idea is to provide consumers with a simple way to discover and book hotels that is also hyper relevant to them.
PYMNTS
OCTOBER 26, 2018
Visa’s chief executive officer Al Kelly doesn’t think cryptocurrencies are a threat to its business and is ready to implement systems that support it if it becomes more mainstream. In an interview with CNBC Thursday (October 26), Kelly said there has to be a market where cryptocurrency becomes “somewhat like a fiat currency in order for us to be comfortable,” Kelly said in an interview with “Mad Money” host Jim Cramer, noting that crypto isn’t a threat to its business either in the short or medi
PYMNTS
OCTOBER 23, 2018
Amazon Business is bolstering its services for small businesses through a new co-branded commercial card with American Express as well as enhanced Prime features for business users. In an announcement Tuesday (October 23), American Express introduced the Amazon Business American Express Card, offering businesses a streamlined checkout experience when purchasing on the Amazon Business and Amazon.com platforms.
PYMNTS
OCTOBER 23, 2018
The SBI Group plans to license Sepior ApS ’ wallet technology to use in its own wallet, which will become a part of its digital currency exchange platform, the company said in an announcement. When it came to the decision, SBI said that Sepior’s multiparty computation (MPC) approach allows for a high level of protection for crypto wallets. SBI President and CEO Yoshitaka Kitao said in the announcement that signatures based on MPC “offered our desired level of security, performance and scalabilit
Speaker: Erroll Amacker
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
PYMNTS
OCTOBER 22, 2018
Visa has announced new product details in anticipation of the first quarter 2019 launch of its new cross-border B2B payments solution B2B Connect. “With B2B Connect, we’re developing a new way for businesses to make cross-border, high-value payments — fixing broken processes and breaking down geographic barriers along the way,” Kevin Phalen, global head of Visa Business Solutions at Visa, said in a press release.
PYMNTS
OCTOBER 23, 2018
Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion. The new solution, AutoFX, aims to make it easier for smaller banks to streamline cross-border payments for their customers by automating foreign exchange conversion before the transaction occurs, rather than relying on the receiving bank to conduct that transaction.
PYMNTS
OCTOBER 26, 2018
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest on how Visa views cryptocurrencies, and Expedia’s fresh plan to take on Airbnb. Moody’s has news about the charge-off climate, chocolate is getting more expensive and the OCC’s bank charter plan faces more trouble. Visa Doesn’t View Cryptocurrency As a Business Threat.
PYMNTS
OCTOBER 26, 2018
The world has a plastic problems — a fact illustrated earlier this week when researchers from the Environment Agency Austria and the Medical University of Vienna jointly presented evidence that there is so much plastic in the environment that we’ve actually begun to inadvertently eat it. Scientists are now looking for more funding to get a better understanding as to how so much plastic has made it into human digestive tracts worldwide — but the big takeaway, Mastercard President of Cybe
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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.
PYMNTS
OCTOBER 22, 2018
Facebook is reportedly gearing up to acquire a cybersecurity company in an effort to assure users that security is a top priority of the social media company. CNET , citing a report from The Information, reported Facebook has reached out to several security companies that could be takeover targets. The Information cited unnamed sources for its report, noted CNET.
PYMNTS
OCTOBER 23, 2018
Consumers go on a lot of different types of digital journeys in a day — they might shop online, do some banking, move funds between accounts, do some light online browsing. And while there are a lot of different contexts for digital journeys, Diebold Nixdorf VP Dr. Michael Schulte told Karen Webster in a conversation along with his colleague, Managing Director Michael Engel, that consumers perceive their online travels as a single journey.
PYMNTS
OCTOBER 24, 2018
In the blockchain space, the announcements come fast and furious. The movement to bring all sorts of data and processes to the decentralized ledger model and to blockchain platforms is an inexorable one. At the same time that press releases seem to accrue on a daily basis, earnings calls offer a bit of a progress report, where company management gives investors, analysts and observers of various industries a bit of insight into how certain initiatives are faring – and how they are contributing t
PYMNTS
OCTOBER 23, 2018
New technologies bring new ways for consumers to buy and pay for goods and services, such as using voice-activated devices to order groceries, takeout, digital goods and clothing. At the same time, retailers such as Sam’s Club are expanding delivery options to consumers with the help of Instacart. In addition, eCommerce shopping events, such as Singles Day , can bring in tens of billions in sales for Chinese eCommerce retailers, while online services like Scentbird are using the subscrip
Speaker: Anna Tiomina, MBA
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?
PYMNTS
OCTOBER 22, 2018
The business-to-business (B2B) buying experience has changed; there’s no doubt about that. The business-to-consumer (B2C) commerce landscape has had a massive influence on corporate buying habits, from sourcing through payments. It’s often described as the “ Amazon effect,” as suppliers explore how to provide a consumer-like experience to business buyers.
PYMNTS
OCTOBER 25, 2018
Anthem, the health insurance company, has landed Udi Manber, the Google executive who ran engineering for its core search products, as its new head of artificial intelligence. CNBC, citing people familiar with the matter, reported Manber will be in charge of overseeing the artificial intelligence group at the insurance company and is expected to boost up his team.
PYMNTS
OCTOBER 21, 2018
Apple ’s chief executive Tim Cook is calling for Bloomberg to retract a story that claimed the company was the victim of an attack on its hardware that was conducted by the government of China. BuzzFeed News , citing an interview it had with Apple’s CEO last week, reported Cook responded to an inquiry about the fight with Bloomberg over the story Apple has repeatedly denied by saying that there isn’t any truth to the story: “They need to do that right thing and retract it.
PYMNTS
OCTOBER 23, 2018
In the pre-mobile world, in the time before the Uberization of every conceivable service, the gig economy existed — just not in the highly organized and monetized fashion as it is today. In fact, Head Blockchain Engineer Stan James at decentralized blockchain marketplace provider Origin told PYMNTS in a recent conversation that the central locus of the pre-digital gig economy was the community bulletin board.
Speaker: Joe Wroblewski, Senior Sales Engineer
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!
PYMNTS
OCTOBER 22, 2018
In an average week, the average consumer spends about 24 hours online – exactly 1/7 of their time. They use their phones to order food and to decide what they eat before they order. They shop, pay bills, book and manage travel – all digitally. With risk, of course, due to endemic identity theft concerns – but also with a lot of reward. Consumers have more retail modes than ever before, in more regions of the world – and a greater ability to expand and customize their commerce activit
PYMNTS
OCTOBER 22, 2018
As Uber seeks to attract investors ahead of a potential initial public offering (IPO) with aspirations beyond ridesharing, food delivery in the skies might be in the company’s not-so-distant future: It is reportedly looking to launch drones for takeout in the next few years. In a job posting, the company noted that it wanted to make delivery drones work by 2019 at the earliest, and have the drones operational in some markets when 2021 rolls around.
PYMNTS
OCTOBER 22, 2018
The Centers for Medicare and Medicaid Services announced Friday (October 19) that a government portal that insurance agents and brokers use to help customers sign up for healthcare was hacked, with the bad guys getting off with the personal data of 75,000 people. In a press release late Friday, CMS said that earlier in the week staff detected anomalous activity in the Federally Facilitated Exchanges (FFE)’s Direct Enrollment pathway for agents and brokers.
PYMNTS
OCTOBER 26, 2018
Once upon a not very long time ago, the conventional wisdom was that advertising revenue on the web is mostly generated by a stable duopoly controlled by Google and Facebook. But as of the latest round of earnings releases, it is seeming increasingly like that configuration may become a triopoly someday in the future — Amazon is consistently stealing away larger and larger bits of advertising.
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
OCTOBER 20, 2018
On this day in history in the year 2009, the world of payments and commerce was changed forever. The skies parted, the Earth shook and the song of angels was heard from on high. Well, that’s how we remember it, anyway. Nine years is a long time, after all. If we had a nickel for every mobile wallet that had come and gone in that time period, we would at this point be larger than The New York Times.
PYMNTS
OCTOBER 23, 2018
Open Banking regulations have gotten FinTech innovators’ brains churning over how to take advantage of the troves of data that traditional banks have typically kept locked away. With regulations like PSD2 and Open Banking emerging as ways to boost financial services competition, the bank-FinTech relationship has taken center stage. However, though it is certainly a major use case within Open Banking initiatives for FinTech firms to integrate into bank data streams via application programming int
PYMNTS
OCTOBER 23, 2018
The National Bank of Canada , the country’s sixth-largest bank, is collaborating with business consulting and IT company CGI to launch a blockchain-powered trade finance solution. Rather than focusing on the actual finance of a trade agreement, however, the bank and CGI are working to facilitate the negotiations process for standby letters of credit and guarantees, according to a press release issued Monday (Oct. 22).
PYMNTS
OCTOBER 23, 2018
As the benefits of bringing more digital power to medical billing become clearer, there are other issues and concerns rising that underscore just what a massive — and vital — task it will be to move one of the most important sectors of the payments world away from analog. The general pitch to make medical billing more digital is this: As people live longer, which can drive up healthcare costs, digitalization can help bring down expenses and lead to better care via more access to data and coordin
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