PYMNTS
MAY 3, 2018
From mom-and-pop retail shops to the world’s largest companies, nearly every business is looking to offer the latest technology to its consumers. For many in the financial services world, though, implementing innovations is easier said than done. So, what’s standing in the way of FIs, the largest of which come to the table armed with big budgets and endless resources?
Katz,Sapper&Miller
APRIL 30, 2018
For years the tech community has grappled with Indiana’s taxation of software, and specifically software-as-a-service (SaaS). But with the passage of Indiana Senate Bill 257, sellers and buyers of SaaS products now have clearer guidance, which is effective beginning July 1, 2018.
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PYMNTS
APRIL 30, 2018
Benjamin Franklin is best remembered as a signer of the Declaration of Independence in 1776 and a prolific inventor who created the lightning rod after flying a kite with a key on it in a thunderstorm. A little known fact, perhaps, is that Franklin is credited with inventing two things that almost every person has used — or will — at some point in their lifetime: swimming fins and bifocals.
PYMNTS
MAY 1, 2018
In some sense, B2B eCommerce offerings have had a customer base for longer than they’ve actually had their own hub on Amazon, Martin Rohde, head of commercial customers for Amazon Business, told Karen Webster in a recent conversation. First founded about three years ago in 2015, Amazon Business – the firm’s B2B eCommerce marketplace – has grown up quickly.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
PYMNTS
MAY 1, 2018
It’s like the band is back together. Thirty-three years ago, Tom Thimot, the newly appointed CEO of Socure , collaborated with founder Sunil Madhu on a business specializing in physical identity verification and access solutions: Netegrity, which was ultimately sold in 2005 to CA Technologies for $430 million. From there, Madhu worked for Cisco and founded Hopskoch and Socure, while Thimot built a number of businesses that straddled data and security in some way.
PYMNTS
MAY 1, 2018
A new survey by ACI Worldwide and Ovum found evidence that financial institutions (FIs) are more willing to open up their data via API and are embracing real-time payments initiatives. The report, published on Monday (April 30), found nearly three-quarters of banks surveyed (73 percent) said they would be willing to open up data to third-party developers via API.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
MAY 3, 2018
Its name is Hermyz. Its mission, which just won the official admiration of Visa , is to move small businesses away from checks and paper receipts by migrating invoice management online. Hermyz took the grand prize and the $10,000 that came with it at last weekend’s Small Business Hackathon, an inaugural event that took place in Washington, D.C., with the backing of Visa and the U.S.
PYMNTS
APRIL 30, 2018
Get ready for a shift in the meal kit landscape, according to Chef’d CEO Kyle Ransford. In the latest Topic TBD with PYMNTS’ Karen Webster, which explored the preparation and delivery of food rendered as a service, Ransford predicted that “I think the subscription meal kit as it’s been known will be vastly diminished in the next two years. It won’t be something that you hear a lot of or get marketed to a lot.
PYMNTS
MAY 2, 2018
New technology and solutions powered by APIs are hitting the financial services market every day, brought on by new innovations or industry regulations. But introducing tech to stay compliant with new regulations and expecting easy adoption in a competitive space is a steep hill to climb – one made even tougher by outdated or legacy technology and IT infrastructure. .
PYMNTS
APRIL 30, 2018
Going too slow these days is a costly error to make, as consumers don’t have the patience to wait for their merchants to catch up. If a purchase takes too long to complete, customers will migrate to another site where things move more smoothly, according to this month’s Checkout Conversion Index. And while it’s an exaggeration to state that customers are all turning to Amazon , the eCommerce giant’s latest earnings release indicates a lot of them are.
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.
PYMNTS
APRIL 30, 2018
With a threefold increase in the number of corporates who had been hit by a ransomware attack in the last year compared to a year prior, corporate treasurers have been forced to swallow the large, uncomfortable pill of the threat of cyberattacks and fraud on their organizations in a short amount of time. But Strategic Treasurer , which highlighted that statistic in its latest Treasury Fraud & Controls survey report sponsored by Bottomline Technologies, found an impressively high level of opt
PYMNTS
APRIL 30, 2018
National Small Business Week is this week in the U.S., and finance experts are celebrating with new data on the state of the entrepreneurial community. The verdict, overall, is quite good: Small business optimism is, again, at new heights. But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too.
PYMNTS
MAY 1, 2018
“Machine learning is the answer to the financial inclusion problem.”. So said Douglas Merrill, founder of ZestFinance. It’s a bold statement, considering that the lending space is still trying to articulate what, exactly, the financial inclusion problem is — and everyone else is still trying to figure out what, exactly, “machine learning” means and why it matters to them.
PYMNTS
APRIL 30, 2018
The deadlines for compliance with new European data regulations are right around the corner, and the impact of these changes won’t be limited to the European Union. According to Ethoca, neither should preparations for the shift. The General Data Protection Regulation (GDPR) goes into effect on May 25 of this year. Additionally, the strong customer authentication (SCA) mandated by the second Payment Services Directive (PSD2) goes into effect in September of 2019 — and yes, that too counts as “rig
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
PYMNTS
MAY 3, 2018
Customer service matters in all walks of business, to consumers and businesses alike, but especially so in payments. Troubleshooting issues when they arise, or anticipating them before they happen, can make all the difference in ensuring transactions and other business processes flow smoothly and voluminously. In an interview with PYMNTS, Latiffa Sharpe, vice president of merchant services for First American Payment Systems , said that merchants, in establishing relationships with their payment
PYMNTS
MAY 2, 2018
Synchrony , the financial services company, announced news on Wednesday (May 2) that customers can now use voice commands to manage their Amazon.com Store Card. In a press release , Synchrony said it is making this happen via a new skill for Alexa, dubbed the Store Card skill. Via voice commands, cardholders can check their account information, review recent purchases and charges, get payment details and even pay their bill.
PYMNTS
APRIL 28, 2018
Starbucks promotional efforts, which it has been increasing recently, failed to resonate with customers, resulting in the company reporting lackluster store traffic in the U.S. for two quarters in a row. Reuters , citing the company’s second-quarter financial results, reported that same-store sales in the Americas — which is led by the U.S. — increased 2 percent in the second quarter.
PYMNTS
APRIL 30, 2018
Home shopping used to mean something quite different in the United States than it does today. In the pre-digital, pre-web and pre- Amazon world, shopping at home meant shopping from the couch — from TV channels like QVC or HSN , but a similar model no matter which way one went. Each program would feature a genial host hawking directly to consumer wares, perhaps some “Diamonique” jewelry.
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
PYMNTS
MAY 3, 2018
After bringing in $1.7 billion from private investors, messaging app Telegram has called off its public initial coin offering (ICO). According to The Wall Street Journal , Telegram raised the money by selling newly created cryptocurrency to fewer than 200 private investors. The company will use the funds for a project, Telegram Open Network, which will expand its technology and further redevelop its messenger service, which has about 200 million users globally.
PYMNTS
MAY 3, 2018
Whether it’s a full-time employee waiting for a regular paycheck, a gig worker expecting to be paid in short order or a borrower seeking a loan, payment frictions can be a roadblock to financial stability. And, if they aren’t cleared seamlessly, these hurdles can cause bills to be missed, expansion plans to be delayed and business relationships to crumble.
PYMNTS
MAY 1, 2018
Sometimes, being a startup is about fixing the problem no one else will fix. Other times, it’s about improving on existing solutions to make something even better. Whether it’s streamlining workflows (like DadeSystems’ “Twitter for B2B” ), building a new product (like FitPay’s eVault for payment and ID cards) or creating a whole new way for the unbanked to manage their money (as nanopay observed in India), what seems to be true across the board is that these companies are always moving, always g
PYMNTS
MAY 4, 2018
FLEETCOR Technologies , a provider of commercial payment services, reported a data breach as the company announced on Thursday (May 3) a 17 percent year-over-year revenue increase for the first quarter of 2018, beating analyst expectations. In its earnings statement, FLEETCOR said that on April 26, it “identified suspicious activity primarily on systems involving the company’s Stored Value Solutions gift card business.
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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.
PYMNTS
MAY 4, 2018
Amazon Business is introducing a new invoicing feature that could impose cash flow pressure on sellers, according to AuctionBytes. The blog posted excerpts from an email reportedly sent by Amazon Business to U.S. sellers on the B2B eCommerce platform, advising them of the launch of Pay by Invoice. The feature, which requires no action or onboarding on the part of the vendor, enables corporate buyers to make invoiced purchases.
PYMNTS
MAY 1, 2018
The co-founder of WhatsApp, a messaging service owned by Facebook , announced he is leaving the company. Jan Koum, who co-founded WhatsApp with Brian Acton, is leaving the company after disagreements over the messaging service’s strategy, as well as Facebook’s attempts to use its personal data and weaken its encryption. “It’s been almost a decade since Brian and I started WhatsApp, and it’s been an amazing journey with some of the best people,” Koum, said in a post on his Facebook page, accordin
PYMNTS
MAY 2, 2018
Extending its multiyear collaboration, Pitney Bowes has announced a renewal of its partnership with eBay. The partnership, which has been in place since 2012, focuses on providing a way for eBay sellers in the U.S. to “sell internationally and ship domestically” through eBay’s Global Shipping Program (GSP), Pitney Bowes said in an announcement. Through the program, U.S.
PYMNTS
MAY 2, 2018
MOBI , the Mobility Open Blockchain Initiative, debuted on Wednesday (May 2) to explore blockchain for use in transportation. In a press release , the group, which includes BMW, Bosch, Ford, General Motors, Groupe Renault, ZF, Aioi Nissay Dowa Insurance Services USA and others, will focus on using blockchain to make transportation safer, more affordable and more accessible.
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
MAY 4, 2018
To find companies that may be using software to fix prices, EU regulators may create their own algorithms. European Competition Commissioner Margrethe Vestager said that it’s now easy for price collusion to occur, Reuters reported. “It is a hypothesis that not all algorithms will have been to law school,” Vestager said at an event on Friday (May 4).
PYMNTS
MAY 3, 2018
SoundHound , a voice-enabled artificial intelligence (AI) and conversational intelligence technologies company, announced news on Thursday (May 3) that it has raised $100 million in new funding from a group of strategic investors. In a press release, the company said investors in the round of funding include Tencent Holdings, Daimler, Hyundai Motor Company, Midea Group and Orange.
PYMNTS
MAY 4, 2018
Cheers to the up-and-comers: the new and emerging forces that are transforming how people around the world think about payments and commerce. They can be found in the B2B scene, in the explosion of the P2P market and in the rapid expansion of the gig economy — m ore and more companies are going global and trying to figure out how to make their funding motion match.
PYMNTS
APRIL 30, 2018
Startup Amaryllis made an appearance at TRANSACT 18 in Las Vegas April 16 through 19 – the company’s first 10-by-10 booth at a major conference, noted CEO Mark Bishopp , and an experience that was right in line with the startup’s goal to make 2018 “the year of getting the word out” about Amaryllis. According to the Electronic Transactions Association (ETA), TRANSACT brings together all parts of the payments ecosystem – from ISOs/VARs to ISVs and large financial institutions to technology compani
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