PYMNTS

MAY 1, 2019

Artificial intelligence (AI) has the potential to change lives, literally – aiding in the detection of diseases, for example – while in commerce, it has the potential to stop bad transactions. We’re getting there, but bringing AI into everyday life is an evolutionary process that differs markedly from the breathless portrayals in the movies, where the rise of sentient computers and robots bodes well, or ill, for humanity, depending on what you’re watching.

Technology 84

Technology Maine 84

Katz,Sapper&Miller

MAY 1, 2019

The Affordable Care Act turned the traditional healthcare business model on its head by reducing fee-for-service reimbursement levels and turning the focus toward value. Now the questions that every hospital and health system leader must answer are: How can we improve population health and patient care in a value-based environment, and what is the appropriate level of investment?

Hospitality 54

Hospitality Healthcare 54

PYMNTS

MAY 3, 2019

Payments don’t always have to be just about the cards. That’s the big message being sent throughout the payments world as PSD2 and other FinTech efforts spark innovation and give consumers, companies and other organizations more methods to pay — methods that better match the preferences of those participants, payments that feature more speed and less friction than was often the case before.

accounted 83

accounted Account accountant Sales 83

PYMNTS

MAY 2, 2019

B2B payments are mired in delays, in errors, in an imbalance in funds flow and credit terms. Simply put, buyers stretch out payments and suppliers play the waiting game – at least as well as it can be played with checks and cards. The result is a cash flow crunch. Access to financing (trade finance, that is), especially online, can level the playing field a bit.

B2B 83

B2B Finance Retail Sales 83

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 1, 2019

The path to the payments deal started about three or four years ago when Adam Bloomston, CEO of Payscape , and Thomas Nitopi, CEO and founder of NXGEN , first met. As they talked about their respective payment services firms, they realized, in Bloomston’s words, “that both of our companies didn’t really compete with each other in multiple areas.”. However, they both understood the opportunity: to further their global presence and create what Nitopi, in a PYMNTS interview, called “a global sales

Florida 82

Florida Sales accounted Account 82

PYMNTS

MAY 1, 2019

Accounts payable operations are essential to ensuring that payments to a firm’s partners and suppliers are processed and delivered on time. These processes prevent companies from missing payments and running the risk of souring business relationships and hurting their partners’ bottom lines in the process. However, despite their importance to keeping businesses afloat, old school practices like physical paperwork are still the norm for many AP departments.

AP Processes 81

AP Processes AP Automation accounts payable accounted 81

PYMNTS

MAY 3, 2019

Migrants make up a substantial portion of the economy in India. By some recent accounts , more than 100 million migrants are participating in the nation’s workforce — one-fifth of the nation’s workforce. Many of these workers travel from rural, low-income regions, hoping that work opportunities in urban areas will enable them to support their families.

Gaming 78

Gaming accounting and finance Finance accounted 78

PYMNTS

APRIL 29, 2019

Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments. A London-based manufacturer can’t rely on the U.K.’s Faster Payments Service (FPS) to quickly shuttle funds to a supplier in Canberra, Australia, for example.

Manufacturing 77

Manufacturing Technology accounted Account 77

PYMNTS

APRIL 29, 2019

Along with digital transformation, innovation has been a buzzword for some time. These may seem like abstract concepts, but innovation has had concrete results in the financial industry. For example, in the newly released J.D. Power 2019 U.S. Retail Banking Satisfaction Study , retail banking was declared to have bounced back reputation-wise over the past decade, due to improvements in customer service spurred by innovations like mobile banking.

Retail 77

Retail 77

PYMNTS

APRIL 28, 2019

Uber is gearing up to award drivers ahead of its initial public offering to the tune of $300 million, giving them as much as $40,00 each. Uber said in a Securities and Exchange Commission filing late last week that it planned to pay roughly $300 million to around 1.1 million drivers located across the globe. Uber said in the filing it was paying a one-time cash driver-appreciation reward to “acknowledge drivers who have participated in our success.

77

77

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Technology

PYMNTS

MAY 3, 2019

The British Government has announced that it will protect the future of cash to make sure the proliferation of digital currency doesn’t affect portions of the population who rely on physical money every day. Chancellor Philip Hammond said there’s going to be a new group to tackle the issue, and that it will be chaired by the treasury and will include regulators and the Bank of England.

Government 76

Government Technology 76

PYMNTS

MAY 3, 2019

Blockchain payments company Pundi X has announced plans to launch Open Platform, a tool to enable developers and businesses to create blockchain solutions. In a press release on Thursday (May 2), Pundi X said Open Platform will let developers and corporates list digital tokens, and create custom XPASS cards. These cards are physical crypto wallets that allow users to top up digital assets and make payments with sellers that use the XPOS, its blockchain-powered, wireless point-of-sale (POS) solu

Technology 76

Technology Start-ups Retail Sales 76

PYMNTS

MAY 1, 2019

Credit card losses at the biggest banks are outpacing auto and home loans, with the biggest margin seen in the last 10 years, according to Bloomberg. The problem is not yet out of hand, however. Since the economy remains strong and the unemployment rate is low, most consumers can stay current on debt repayment. Even new foreclosures and bankruptcies fell to a level not seen in 15 years.

76

76

PYMNTS

APRIL 29, 2019

To those who understand the importance of cybersecurity, and the monumental risks that growing cyberthreats impose on organizations, safeguarding systems and data may be assumed to go hand in hand with digital transformation. After all, the larger a company’s online and cloud presence, the bigger the target on that company’s back for cyberattackers and bad actors.

accounts payable 74

accounts payable Education Technology accountant 74

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 3, 2019

Keeping global commerce moving requires rapid-fire, cross-border B2B payments. As financial institutions (FIs) and other corporates seek to keep pace, many are turning to application program interfaces (APIs) to help. More banks are tapping SWIFT gpi, while corporates are tapping a new offering that enables them to use the Single European Payment Area (SEPA) Instant Credit Transfer (SCT Inst) scheme.

B2B 74

B2B accounting software accounted Account 74

PYMNTS

APRIL 29, 2019

The We Company, formally known as WeWork, has confidentially filed for an IPO, the company announced on Monday (April 29). “(The company) announced that it has confidentially submitted an amended draft registration statement on Form S-1 with the Securities and Exchange Commission (‘SEC’) relating to an initial public offering of its common stock.

Real Estate 73

Real Estate Education Technology 73

PYMNTS

MAY 3, 2019

The flow of money and data across borders is developing a new ecosystem in which payments data has as much value as the funds themselves. In business-to-business (B2B) payments, application service provider Brandwise has tapped Fundbox to help provide net terms for suppliers, buying agents and retailers. And, in retail, hair color is a big business (especially in the United States), while meal kit companies are thinking outside the box.

B2B 73

B2B Retail 73

PYMNTS

MAY 3, 2019

Facebook has been meeting with financial firms and online merchants as it makes plans to launch its own cryptocurrency-based payments system. The social media giant has been working on the project — code-named Project Libra — for more than one year, with it centered around the company’s own digital coin that users could send to each other, as well as use to make online purchases.

Retail 72

Retail 72

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 3, 2019

Homeland Security ’s cybersecurity agency has issued an advisory about a popular gas station software that has flaws, making it highly vulnerable to hacking. The Cybersecurity and Infrastructure Security Agency (CISA) gave the Orpak SiteOmat software a vulnerability severity rating of 9.8 out of 10, revealing that it has several security vulnerabilities that require “low skill” to exploit.

Manufacturing 72

Manufacturing 72

PYMNTS

MAY 2, 2019

The main challenge of designing a holistic solution for the small business (SMB) community is that it’s a diverse segment, making it particularly hard to create one-size-fits-all solutions. The term “small business,” Mastercard EVP of Core Products Amnah Ajmal told PYMNTS in a recent conversation, can refer to all kinds of firms — from gig workers to individual proprietorships online, to firms with a few hundred (or even a few thousand) employees.

quickbooks 71

quickbooks Maine Start-ups Tax 71

PYMNTS

APRIL 30, 2019

Cross River Bank, a company that provides banking services for FinTechs, has partnered with payments processor and tech provider RS2 Software to provide an improved payment and digital banking experience for its customers, the companies announced. “Cross River and RS2 understand that technology innovators demand regulated, secure payment solutions that address dynamic, ongoing changes in the marketplace,” said Cross River Senior Vice President, Public Affairs Phil Goldfeder.

Technology 71

Technology 71

PYMNTS

APRIL 30, 2019

Investing on the part of venture capitalists in financial technology startups — otherwise known as FinTechs — declined during the first quarter of 2019, with China feeling the most pain. That’s according to a report in The Financial Times citing research by CB Insights, the market research firm, which found FinTech funding from venture capitalists around the world declined 13 percent in the first three months of the year to $6.3 billion.

Technology 70

Technology 70

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 2, 2019

Royal Bank of Scotland is going after the payments market, launching a new unit Thursday (May 2) that will put it in competition with Worldpay , the former unit it was forced to unload. According to a report in The Financial Times , the new business — dubbed NatWest Tyl — is a merchant acquiring service for small and medium-sized businesses, enabling retailers to accept payments via cards in physical stores and online.

Retail 69

Retail Sales Technology 69

PYMNTS

APRIL 30, 2019

With a top and bottom line beat, a stock buyback and stronger than expected guidance for Q3, there was a lot for investors to like about Apple’s March quarter earnings report – and it seems they were more than satisfied with the overall results, as Apple shares spiked 4 percent in after-hours trading and got within touching distance of that trillion-dollar valuation.

Sales 69

Sales Start-ups New York Gaming 69

PYMNTS

MAY 1, 2019

Once upon a time, the world of travel in general – and exotic or adventure travel, specifically – was a very different place. As the second decade of the 21 st century is drawing to a close, it is almost unimaginable that booking a flight or finding the right hotel room would present as a challenge. As the customer goes online and hits up the aggregator of their choice, they get a transparent list of everywhere they could stay and all the ways they could get there, laid out before them.

Start-ups 68

Start-ups Gaming Retail 68

PYMNTS

MAY 2, 2019

Representatives from a number of countries around the world – excluding Russia, China and representatives from technology giant Huawei – met to discuss the security of 5G networks as many countries prepare for deployment of the technology, according to a report by Reuters. The U.S. has been trying to stymie the participation of Chinese telecom manufacturers like Huawei , alleging that the company’s infrastructure could potentially be used for spying by the Chinese government , an allegation the

Manufacturing 68

Manufacturing Legal Government Technology 68

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

APRIL 30, 2019

Fiserv reported results Tuesday (April 30) that topped expectations on the bottom line, and were very slightly below analyst expectations on the top line. But beyond March quarter numbers, management said the acquisition of First Data remains on track — and that growth it its core payments and financial businesses remains intact. Overall, adjusted revenues were up 5 percent to $1.5 billion, which was roughly $10 million below consensus.

68

68

PYMNTS

MAY 3, 2019

As the world of digital currency moves towards the traditional financial sphere, Currency.com is rolling out what the site describes as the first tokenized government bond in the world. The full debut will allow private and institutional investors to access 1,000 tokenized securities — except for those in countries on the FATF list and the U.S., according to reports.

Government 68

Government Technology 68

PYMNTS

APRIL 29, 2019

The last decade has seen the emergence of a new generation of fast-growing, multinational businesses. Digital platforms — fueled by the convergence of mobile devices, data and the cloud — have generated unprecedented value for both their stakeholders and users. However, the payment capabilities that have propelled the growth of platforms such as Uber and Airbnb , for instance, are too inefficient to support their ambitious growth plans over the next three years.

B2C 68

B2C B2B Sales Retail 68

PYMNTS

APRIL 29, 2019

With first-quarter earnings reports rolling out, it’s time to take a look at the state of small businesses and how they fared for the first three months of 2019. With Standish Mellon Chief Economist Vincent Reinhart expecting the U.S.’ Q1 GDP report to be the best of the year , there is room for optimism among entrepreneurs and SMBs, though one threat was particularly high for the quarter: cyberattacks.

Michigan 67

Michigan Finance Government B2B 67

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