PYMNTS

SEPTEMBER 19, 2019

At its annual summit in New York , the ID2020 Alliance announced the roll out of a digital identity program with the Government of Bangladesh ; Gavi, the Vaccine Alliance; and new partners in academia, government and humanitarian relief. “Digital ID is being defined and implemented today, and we recognize the importance of swift action to close the identity gap,” said Dakota Gruener, executive director of ID2020, in an announcement.

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New York Government Technology 112

Katz,Sapper&Miller

SEPTEMBER 16, 2019

For the past 12 years, Chad Halstead, 39, has helped land government incentives for some of the area’s biggest real estate developments. As part of his work, he’s also brushed up on the updated tax code and taken the lead on local projects using Opportunity Zones.

Real Estate 49

Real Estate Government Tax 49

PYMNTS

SEPTEMBER 16, 2019

Sheep are not natural-born leaders. If they were, they wouldn’t need border collies or sheepherders to make sure that they didn’t follow wolves blindly into harm’s way and that they ended up where they needed to be at the end of the day. Recognizing this, in the late 13 th century, sheepherders decided to make their lives (and that of their border collies) a little easier.

Start-ups 89

Start-ups Technology Sales Retail 89

PYMNTS

SEPTEMBER 17, 2019

The most common association with the term “social credit score” is with China. Since roughly 2014, the Chinese government has been working on the system, which is designed to be a “method to perfect the socialist market economy system, accelerating and innovating social governance,” according to a State Council notice from 2014. “China’s social credit system is an ambitious, technology-driven initiative through which the state seeks to create a central repository of data on natural

Transportation 88

Transportation Maine Government Technology 88

Speaker: Amanda Adams, Fractional CFO, CPA

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Account

PYMNTS

SEPTEMBER 17, 2019

You want fries with that crypto? Might have to wait a bit, especially on the international stage. For some, bitcoin and cryptos — beyond a means of speculation — are a solution in search of a problem. However, among the more enthusiastic refrains from supporters: Cryptos will become ubiquitous as they scale into everyday retail environments. It’s been a slow start.

Sales 85

Sales Retail Start-ups B2B 85

PYMNTS

SEPTEMBER 15, 2019

A massive data breach has compromised the records of 198 million car buyers. Jeremiah Fowler, a senior security researcher at Security Discovery , discovered the breach after coming across the same 413GB dataset multiple times. “It was clear that this was a compilation of potential car buyers wanting more information,” Fowler said, telling Forbes that the data included “loan and finance inquiries, vehicles that were for sale, log data with IP addresses of visitors, and more.”.

Finance 83

Finance Sales 83

PYMNTS

SEPTEMBER 17, 2019

Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and fraudsters have been reluctant to abandon the scheme as this year progresses. ATO and other fraud methods that rely on using stolen credit card numbers or other personal information are becoming decidedly popular with bad actors, who are employing increasingly sophisticated technologies to execute their scams.

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Delaware Technology accounting and finance accountant 78

PYMNTS

SEPTEMBER 18, 2019

Mobile and online banking providers have been upping their fraud protection measures over the last decade, making it more difficult for bad actors to rely on some of the schemes that previously worked in such channels. The prevalence of CNP fraud, once the bread and butter of the enterprising cybercriminal, has steadily crept downward each year alongside other forms that game customers’ credit card numbers.

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Technology Gaming accountant Account 78

PYMNTS

SEPTEMBER 16, 2019

Three companies have joined forces to change the way things are paid for online with a native web payments standard, according to a report by TechCrunch. To help the initiative get off the ground, the three organizations — Coil, Mozilla and Creative Commons — have a $100 million grant called Grant for the Web. The new protocol is meant to monetize the web in a way that’s standard and that everyone can use.

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PYMNTS

SEPTEMBER 18, 2019

The future of retail is playing out in multiple places, including the open road, while voice will help capture the connected commerce frontier. In B2B payments, a series of payment innovations is promising to put an end to some common frictions. And, in digital banking, financial institutions (FIs) are working to keep fraudsters from accessing customer information and funds on their mobile and digital channels.

Retail 76

Retail B2B 76

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Account

PYMNTS

SEPTEMBER 16, 2019

Voice is connected commerce’s killer app. That is just one of five critical findings highlighted in How We Will Pay 2019 , a PYMNTS, Visa collaboration examining how consumers use a wide range of connected devices to shop and make purchases. This report — the third in our annual series — shows the results of a national study of 5,000 U.S. consumers who documented their shopping and purchasing experiences over a seven-day period in mid- to late-July of 2019.

Technology 75

Technology Gaming Sales Retail 75

PYMNTS

SEPTEMBER 19, 2019

Deutsche Bank has acquired a 4.9 percent stake in the German-based FinTech Deposit Solutions, according to a Deutsche Bank press release on Thursday (Sept. 19). Deposit Solutions provides open banking technology that allows more than 100 banks across 18 countries to offer their customers products from third-party banks. Deutsche Bank has had a relationship with Deposit Solutions since 2017 with a savings product called ZinsMarkt.

Government 75

Government Technology 75

PYMNTS

SEPTEMBER 17, 2019

Impending 5G technology holds a great deal of promise for many industries, especially for financial institutions. A 5G network could markedly improve mobile banking apps’ speed, security and ease of use. Mobile banking apps have already enjoyed mass adoption, but what are consumers using them for? And, perhaps more importantly, what do they want from digital banking apps that they aren’t currently getting?

Legal 74

Legal accountant Account accounted 74

PYMNTS

SEPTEMBER 15, 2019

Deutsche Bank , Germany’s largest bank, is joining the 320 banks in the JPMorgan Chase -led blockchain initiative, the Financial Times reported Sunday (Sept. 15). The move is intended to lower costs at Deutsche Bank — which clears more euro-denominated payments than any bank worldwide — and speed up cross-border disbursements to avoid expensive lag times.

Construction 73

Construction Start-ups 73

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financial statements

PYMNTS

SEPTEMBER 19, 2019

FinTech Stripe is raising $250 million in its latest funding round and has reached a pre-money valuation of $35 billion, according to a release on Thursday (Sept. 19). . General Catalyst, Sequoia and Andreessen Horowitz all participated in the round. Stripe said it’s going to use the funding to continue growing its product suite, extend its enterprise capabilities and continue to grow internationally. .

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accountant Account accounted 73

PYMNTS

SEPTEMBER 18, 2019

Payments companies Global Payments and TSYS ( Total System Services ) have finalized a merger deal that creates a combined pure play payments technology company with substantial international presence and expansive scale, the company said in a press release on Wednesday (Sept. 18). The collective company will use the name Global Payments and will assist some 1,300 financial institutions and about 3.5 million merchant locations in 100-plus countries. .

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Georgia New York Technology 72

PYMNTS

SEPTEMBER 19, 2019

The Brexit saga is a case study in uncertainty ever since then-British Prime Minister David Cameron stepped down June 24, 2016, the day after the referendum vote unexpectedly ruled in favor of leaving the European Union. The last few weeks, although eventful, have not been particularly clarifying. With Brexit’s Oct. 31 deadline rapidly approaching, the same basic set of questions remains: Will there be a Brexit deal?

Start-ups 72

Start-ups Government Finance Retail 72

PYMNTS

SEPTEMBER 15, 2019

Uber might finally turn a profit — not through its rideshare program, but due to its trucking division. The trucking industry generated $796 billion in revenue last year, while the global ride-hailing market was valued at just $36 billion in 2017. And since its launch in 2017, Uber Freight now has a team of hundreds, with offices in San Francisco, Chicago and Amsterdam.

Transportation 71

Transportation 71

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

Sales

PYMNTS

SEPTEMBER 18, 2019

Open banking FinTech startup Bud is reportedly laying off up to one-fifth of its staff just months after announcing a $20 million fundraise, The Telegraph reported on Monday (Sept. 16). According to the publication, Bud is developing software that enables traditional banks to integrate directly with other financial services firms. It is part of a growing population of open banking startups looking to develop solutions around new regulations in Europe and the U.K. that promote bank-FinTech integr

Technology 71

Technology Sales accountant Account 71

PYMNTS

SEPTEMBER 18, 2019

Among the defining endeavors of our time — at least for the worlds of payment and commerce — has been to bring brick-and-mortar retail stores into the new century. It’s an ongoing effort that has probably seen more failures than success stories, but that’s certainly not keeping people from betting on new innovations. The idea, as explained in a new PYMNTS interview with Adam Levene, founder of a retail technology company called Hero , is to plug the physical store, so to speak, into the larger d

Retail 70

Retail New York Gaming Technology 70

PYMNTS

SEPTEMBER 17, 2019

Consumers live in a real-time world. Their use of mobile devices fuels the expectation that what happens on the other side of a click or a swipe will be delivered in real time — or as close to it as possible. That expectation increasingly extends to how consumers want to access their money. And for good reason, Ingo Money CEO Drew Edwards noted in a recent conversation with Karen Webster and Ingo Executive Vice President and Chief Product Officer Lisa McFarland — instant payments present a world

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payroll B2B Gaming accountant 70

PYMNTS

SEPTEMBER 16, 2019

Perhaps everyone’s worst nightmare came true for 250,000 employees of 4,000-5,000 small businesses over Labor Day weekend: Payday came, and paychecks didn’t. In fact, it was much worse. In some cases, the direct deposits appeared briefly in employee bank accounts before being abruptly pulled — as many as three times as the platform responsible for making those direct deposits reversed and reversed deposits in an effort to make employees whole.

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payroll Start-ups New York Gaming 70

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PYMNTS

SEPTEMBER 16, 2019

So now, the investigation deepens and broadens, with payroll fraud under the microscope. News came at the end of the week that the Federal Bureau of Investigation and the New York State Department of Labor are investigating the allegations swirling around MyPayrollHR , which abruptly shut down earlier in the month — and where the allegations center on whether the company diverted millions of dollars into its coffers that should have gone to employees.

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PYMNTS

SEPTEMBER 19, 2019

Cross River, a company that provides banking services for technology companies, will join The Clearing House’s (TCH) RTP network, according to a release. By joining the network, Cross River will be able to give its clients the ability to send, settle and clear payments instantly, along with messaging capabilities, while ensuring compliance. “Since inception, Cross River has been an early adopter of new technology to provide our partners with the latest, most innovative tools to align with their

Technology 69

Technology 69

PYMNTS

SEPTEMBER 18, 2019

In a civil investigation that recently came to light, the Consumer Financial Protection Bureau (CFPB) is looking into Bank of America as part of a probe that came out of the phony accounts scandal at Wells Fargo. The Bureau is now trying to determine if Bank of America also went against the law through the opening of accounts for credit cards without customer authorization, American Banker reported.

Government 69

Government Sales accountant Account 69

PYMNTS

SEPTEMBER 18, 2019

Open banking has opened the path toward a number of banking/FinTech and digital partnerships leveraging APIs to speed innovations. To that end, Neonomics , which provides open banking APIs with a focus on Europe, said this past week that it has linked with Horde , a FinTech that seeks to provide individuals with app-driven overviews of their financial position across credit cards and unsecured loans.

B2B 68

B2B Retail Sales 68

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

PYMNTS

SEPTEMBER 17, 2019

The future of retail is playing out in multiple places, not the least of which is the open road. That’s where the connected vehicle ecosystem is being built. One of the latest examples of that comes from General Motors, which plans to add Google apps capability to its cars in 2021, according to a report. Buick, Chevrolet, GMC and Cadillac vehicles will have in-car voice, navigation and other Google-enabled capabilities.

Retail 68

Retail Start-ups Gaming Sales 68

PYMNTS

SEPTEMBER 16, 2019

Wirecard and UnionPay have partnered up and signed a memorandum of understanding (MoU) to expand globally, according to a release. The agreement between the two companies is meant to help support UnionPay’s continuous push for international growth while also fueling Wirecard’s presence in China. UnionPay has issued more than 7.59 billion cards, which makes up about 57.6 percent of the cards in circulation around the world.

Technology 68

Technology 68

PYMNTS

SEPTEMBER 19, 2019

So goes Amazon, so goes most of the rest of the retail world, with the eCommerce operator’s influence also extending to payments. That’s been the general situation for a decade or more. But will that hold true when it comes to climate change? We might soon find out. That’s because Amazon CEO Jeff Bezos on Thursday (Sept. 19) unveiled the company’s plan to tackle climate change – a plan designed to meet goals set by the Paris climate agreement, but a decade ahead of schedule.

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Retail Sales Start-ups Government 67

PYMNTS

SEPTEMBER 17, 2019

DataVisor has announced the launch of its new Feature Platform, which automates fraud detection through the use of artificial intelligence and machine learning data capabilities. As the leading fraud detection platform powered by transformational AI technology, DataVisor uses proprietary unsupervised machine learning algorithms so that organizations can detect fast-evolving fraud patterns, as well as prevent future attacks.

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Technology accountant Account accounted 66

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