DuctTapeMarketing
JULY 14, 2018
Services Online Audit. Strategy First. Marketing Training for your team. Website Review. Local Marketing System. Professional Services Marketing. A la carte SEO. Websites. Pay Per Click. Guides Local Marketing. Professional Services. Consulting Business. Marketing Strategy Plan. Content Marketing. Customer Journey. Referrals. Mobile Marketing.
PYMNTS
JULY 17, 2018
International Business Machines (IBM) and Stronghold, the financial services company, are teaming up to back a new cryptocurrency that is tied to the U.S. dollar. Reuters , citing the companies, reported that the digital token, dubbed Stronghold USD, launched earlier on Tuesday (July 17) on the Stellar blockchain platform. Buyers of the digital token deposit U.S. dollars with Prime Trust, Stronghold’s partner, and are issued the tokens on a 1-to-1 ratio.
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Katz,Sapper&Miller
JULY 18, 2018
This article provides a high-level summary of Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, as amended, and then focuses on Step 1 of the five-step framework defined in the ASU.
PYMNTS
JULY 20, 2018
Tilray , the first cannabis company to conduct an initial public offering on a U.S. exchange, closed up 32 percent. According to Financial Times reporting, Tilray’s shares sold for a listing price of $17, higher than the original indicated range of $14 to $16 a share. The IPO raised $153 million. And at $22.39 at the close of trading on Thursday (July 19), the company had a market value of nearly $2 billion.
Speaker: Claire Grosjean
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
PYMNTS
JULY 16, 2018
Apple Inc.’s research and development spending may have increased in the last fiscal year, but Toni Saccognahi, an analyst at Wall Street firm Bernstein , thinks the iPhone maker can spend more. In a research report covered by Barron’s , the Bernstein analyst said Apple has increased R&D spending to $12.7 billion in its last fiscal year, which accounts for more than it spent between 1998 and 2011 when it was creating the iPod, iPad, and iPhone — and is growing it at a faster clip
PYMNTS
JULY 17, 2018
When one tries to Google the phrase “millennials and mortgages,” something curious happens. Two different – and in some cases, mutually exclusive sounding – accounts of millennials and their home-buying habits, or lack thereof, emerge. Millennials are either dragging down the housing market because they can’t/won’t buy houses, or millennials are both leading the modern mortgage market and simultaneously leading it into the digital age.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
JULY 19, 2018
American Express has filed for a blockchain-based proof of payment technology, and Santander U.K. entered into an agreement with Infosys Finacle. Traditional banks and other financial institutions are undergoing tremendous pressure right now to compete in an environment where they are faced with enormous scrutiny from government regulators looking to mitigate risk.
PYMNTS
JULY 16, 2018
PPRO Group , a U.K. cross-border ePayment provider, announced on Monday (July 16) a $50 million round of investment led by PayPal. In a PayPal press release , the company said that in addition to its investment, Citi Ventures and returning investor HPE Growth Capital participated in the round of fundraising. PPRO enables businesses to accept more than 140 alternative payments around the globe, partnering with payment service providers and financial institutions.
PYMNTS
JULY 16, 2018
Market watchers have sent out a warning that the U.S. economy might be heading toward a recession. According to Reuters , the rise of risk premiums on investment-grade corporate bonds over comparable Treasuries, which have been increasing since February, is one factor that has analysts worried. “People are talking about the yield curve as a predictor of recessions.
PYMNTS
JULY 20, 2018
Children are the future — that’s just a biological fact, and the theme of an old Whitney Houston song. And when it comes to wearables, children may indeed encourage future growth, and perhaps even enable a challenge to Apple. Wearable devices such as smartwatches and fitness trackers make up one of those areas of payments and commerce that often seem to have more future potential than current significance.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
PYMNTS
JULY 16, 2018
Citi announced Monday (July 16) the launch of Citi Payment Insights, a new service that gives institutional clients access to real-time payment information and the ability to action payments on demand via the CitiDirect BE electronic banking platform. In a press release, Citi said Citi Payment Insights empowers clients by giving them a complete view of the transaction lifecycle within Citi’s global network and across the correspondent banking ecosystem by integrating the transparency provi
PYMNTS
JULY 19, 2018
It’s a phrase that can cause several types of jobsite headaches — stepping away from a project to hit a hardware store with petty cash, for instance, or calling the boss to gain approval to go over a card spending limit. “ Spend management ” is hardly the sexist buzzword in payments and commerce, but the practice is developing to a point where many of those headaches are being reduced — a process that can also lead to more revenue.
PYMNTS
JULY 16, 2018
Cryptocurrencies such as bitcoin and ether don’t pose much of a risk to global financial stability at the current time, but that isn’t stopping global regulators from creating a framework to monitor risk from cryptocurrency. Reuters cited the Financial Stability Board which is in charge of coordinating financial regulation among the Group of 20 Economies when reporting that the framework covers how risks from crypto assets could spread to other areas of the financial system.
PYMNTS
JULY 17, 2018
Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Once cards became significantly harder to clone, fraudsters took their bag of bad tricks online. At least, that is the narrative that most people in developed countries have internalized, said Derek Pak, regional head of Customer Fraud Management for Asia-Pacific at
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
JULY 16, 2018
Picture this. It’s Boston. It’s snowing. It’s February (or maybe it’s May, because it’s still snowing in Boston). A driver has to pull over and get gas. The fingers and mind tremble at the thought of getting out of the car to pay, to get the coffee on the trudge to and from the convenience store. It’s the kind of commerce that engenders no joy. Another scenario: A driver has their kids in the car.
PYMNTS
JULY 20, 2018
The U.S. Federal Bureau of Investigation released a public service announcement this week warning that business email compromise (BEC) scams are on the rise. The total value of funds redirected as a result of a BEC scam has now topped $12 billion, the FBI said, updating previous warnings of the scam and including data up to May 2018. Between December 2016 and last May there was a 136 percent increase in BEC scam losses across the globe, the FBI said, and instances of the crime have been reported
PYMNTS
JULY 16, 2018
Scientists say that humans have a lot in common with mice. Both species, a new study conducted by researchers at the University of Minnesota Medical School has found, express profound regret over how much time is spent waiting for something to happen. The study examined the behaviors of humans and mice before each were given an option to wait and receive reward (food for mice, videos for humans) and then after making the commitment, while waiting to receive it.
PYMNTS
JULY 18, 2018
Machine learning was one of the main subjects on Tuesday (July 17) during the Amazon AWS Summit in New York City, as the eCommerce operator rolled out new cloud-based features related to commerce and payments. The announcements from Amazon Web Services (AWS) come at a time when machine learning and AI are receiving increased focus in the payments and commerce industries, with executives and researchers developing technologies that can operate outside the limitations of human bias and intuition.
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
JULY 18, 2018
SBI Holdings’ own crypto trading platform, VCTRADE , has gone live, according to Cryptovest. At launch, the platform will reportedly support trading of the Japanese yen with Ripple ’s XRP. The news comes as the platform was formally unveiled in June following beta testing last year. In other news, BitPay has received a digital currency license from the New York Department of Financial Services (DFS) that is called a “BitLicense,” Cryptovest reported.
PYMNTS
JULY 19, 2018
It’s no secret that banks and FinTechs are collaborating at a rate faster than ever before. Where once traditional finance companies viewed tech-driven service firms with caution and even a bit of skepticism, the realization more recently has been that joint efforts can reap dividends. There’s the long-term lure, of course, of increased customer headcount and cross-pollination of new revenue streams.
PYMNTS
JULY 20, 2018
Amazon is launching a new feature that allows users to search for home improvement parts with ease. The eCommerce giant’s “Part Finder” enables users to simply point their smartphone camera at an item they need, and Amazon will scan it, measure it, and find matching items from its product catalog. The company didn’t officially announce the feature’s launch, but confirmed to news outlets it was rolled out a couple of weeks ago.
PYMNTS
JULY 19, 2018
Coinbase says that it hasn’t received approval from two U.S. watchdogs for three acquisitions, Cryptovest reported. The firm reportedly told Bloomberg that it had received approval from the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC). However, Coinbase VP of Communications Rachael Horwitz told Bloomberg that “Coinbase has discussed aspects of its proposed operations … on an informal basis with several members of SEC staff.”.
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PYMNTS
JULY 16, 2018
Employers are increasingly moving away from depositing paychecks into employees’ bank accounts, offering instead to add them to payroll cards. Payroll cards work like debit cards, allowing employees to purchase goods and services or make cash withdrawals from ATMs. Unlike debit cards, though, there are no bank accounts tied to the cards and money is directly added to them by employers.
PYMNTS
JULY 20, 2018
Investors placed more than $136.5 million with B2B startups this past week, and while investment targets were diverse (including B2B eCommerce and small business lending), the bulk of the funding landed at companies focused on enhancing businesses’ ability to assess their performance. Business intelligence is a common theme in this week’s B2B venture capital (VC) roundup, with many startups deploying artificial intelligence (AI) and sophisticated data analytics technologies for their
PYMNTS
JULY 16, 2018
Continuing the recent string of earnings from big banks – a string that kicks off earnings season per tradition – Bank of America said loan growth and a boost in digital initiatives boosted results in the second quarter. The company is also committing a significant amount of incremental capital over the next several quarters to technology initiatives.
PYMNTS
JULY 16, 2018
Say hello to the payments industry’s 83-year-old startup. That would be UATP (Universal Air Travel Plan), the oldest payment scheme in the world, founded by American Airlines in 1936. In fact, President, CEO & Chairman of UATP Ralph Kaiser told Karen Webster in this week’s edition of Monday Conversations that all UATP cards start with the number “1” because they were the first cards issued 83 years ago.
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
JULY 16, 2018
The Bureau of Consumer Financial Protection announced late last week it settled with the National Credit Adjusters , a private company, as well as its chief executive and part owner Bradley Hochstein. In a press release, the CFPB said it found NCA and Hochstein used a network of debt collection companies to collect debt from consumers, with some engaging in unlawful debt collection acts and practices that harmed consumers.
PYMNTS
JULY 18, 2018
Criminals are always on the hunt for new opportunity. As companies settle into a world governed by Europe’s second Payment Services Directive ( PSD2 ), and as financial institutions (FIs) and FinTech companies explore the possibilities of faster payments and unbundled banking , attention to how to secure those activities is increasing. How exactly fraud attacks and fraud prevention will change in the post-PSD2 world remains unclear, but change is certain, according to observers.
PYMNTS
JULY 16, 2018
Banco Santander , the Spanish bank, has created a digital investment unit that will be headed by John Whelan, who is currently in charge of the bank’s blockchain unit. According to a report in Fintech Futures , the new unit will focus on making sure the bank is using the latest technology to improve efficiencies, while at the same time exploring the use of tokenized securities in the capital markets, derivatives and with other financial products. “The wave of digitalization that is o
PYMNTS
JULY 19, 2018
TheStreet may have been focused on top-line shortfalls, but beyond the headline numbers, American Express (Amex) posted results for the second quarter that showed double-digit percentage growth across a number of key metrics, including card-billed business and the company’s lending business. The headline numbers, then: Total revenues gained 9 percent to $10 billion, just shy — by $50 million — of Street expectations.
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!
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