PYMNTS

SEPTEMBER 12, 2018

In tech, innovation is everything. In innovation, intellectual property is, well, almost everything — it can be the hardware, the software, the processes that come from creative endeavor. And patents? Well, consider them a form of competitive advantage. News came recently, when it comes to patents tied to the blockchain landscape, that Thomson Reuters found China, and Alibaba , to have had an outsized showing.

Healthcare 80

Healthcare Technology Washington Transportation 80

Katz,Sapper&Miller

SEPTEMBER 10, 2018

Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, as amended, creates a five-step framework for entities to determine when and how much revenue should be recognized. The first article in the ‘Dissecting the New Revenue Recognition Guidance’ series discussed step 1: identifying the contract(s) with a customer. The second article in the series explained step 2: identifying performance obligations in the contract.

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accounting standards accountant Account accounted 40

PYMNTS

SEPTEMBER 11, 2018

Travel companies know that payments innovation is mission-critical when it comes to acquiring and retaining consumers all over the world. It’s a clear fact in the data — 81 percent of travel firms indicated that payments innovation is on the menu for the next three years, according to the PYMNTS/ Amadeus IT Group Travel Payments Study. Bart Tompkins, managing director of Amadeus Payments Business Unit , told Karen Webster in a recent interview that it’s also apparent in his conversations with ai

Sales 78

Sales Start-ups Finance 78

PYMNTS

SEPTEMBER 11, 2018

RiskIQ, the security firm, told outlets on Tuesday (Sept. 11) that the data breach at British Airways was due to credit card skimming installed by malware hackers. According to reports , Yonathan Klijnsma, a threat researcher at RiskIQ, told the outlet that the same group of hackers that breached Ticketmaster may be behind the attack at British Airways, in which more than 380,000 credit cards were compromised.

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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.

Account

PYMNTS

SEPTEMBER 14, 2018

This year’s “Great Crypto Crash” appears to be deepening and has hit a major milestone set by the dot-com bubble, Bloomberg reported. Digital currencies have tumbled from a January high by 80 percent, according to the MVIS CryptoCompare Digital Assets 10 Index. That level tops the “peak-to-trough decline” in the Nasdaq Composite Index following the dot-com bubble.

Technology 70

Technology 70

PYMNTS

SEPTEMBER 14, 2018

Amazon’s B2B business is growing up fast, as trade conflicts build and inject risks and threats into the larger industry landscape. Meanwhile, B2B eCommerce stands on the cusp of other changes that go beyond Amazon’s increasing prowess — changes that promise to bring the supply chain and corporate procurement, long known as a paper-based beast, further into the digital economy.

B2B 70

B2B Technology Healthcare Hospitality 70

PYMNTS

SEPTEMBER 11, 2018

Despite the influx of mobile banking and payment options, plastic card use, and a focus on financial infrastructure, cash remains heavily cemented in the Middle Eastern and African economies. Reliance on cash is particularly ingrained in the unbanked and rural populations of these regions, with consumers still reaching for cash to pay for daily transactions.

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PYMNTS

SEPTEMBER 13, 2018

Ransomware attacks are often a small business owner’s worst nightmare. Unfortunately, experts don’t believe ransomware attacks will let up anytime soon, with recent research from Datto finding that these attacks cost small businesses $301 million worth of ransomware money in 2016. In a survey of 1,700 managed service providers working with a combined 100,000 small businesses, 99 percent of respondents said ransomware attacks are likely to pick up this year and next.

Technology 67

Technology B2B 67

PYMNTS

SEPTEMBER 14, 2018

In the latest salvo of cross-border probes over money laundering, The Wall Street Journal reported Friday (Sept. 14) that U.S. law enforcement agencies are examining Danske Bank over what has been termed “massive money laundering flows” from Russia and several former Soviet states. The agencies probing the fund flows include the Securities and Exchange Commission (SEC), the Treasury Department and the Justice Department.

accounting and finance 66

accounting and finance Finance accountant Account 66

PYMNTS

SEPTEMBER 14, 2018

AT&T, Sprint, T-Mobile and Verizon have joined forces to create a new service that could eliminate the need for a login and password for all the apps on your phone. According to a report in Engadget citing the companies, the initiative is being called Project Verify, with the U.S. carriers creating a single sign-on service that would serve as the login credentials for all the apps on a mobile device.

Technology 65

Technology accountant Account accounted 65

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 11, 2018

In FinTech and FI collaborations , borders fall to bits and bytes. On FinTech collaboration writ large, Singapore and Dubai are working together to encourage strides in digital payments and commerce done by mobile means. The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) have signed onto efforts “that provide a framework for cooperation and referrals between the innovation teams of each authority.

small business accounting software 64

small business accounting software Technology small business accounting accounting software 64

PYMNTS

SEPTEMBER 14, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. Coverage includes a Walmart acquisition and the rise of local brands in China. A new analysis predicts a financial crisis in 2020, a single sign-on for mobile apps is coming and the prospect of tougher tech enforcement increase in the United States. Walmart Buying Cornershop t o Boost Presence i n Latin America.

Retail 61

Retail 61

PYMNTS

SEPTEMBER 11, 2018

Rydoo, the mobile T&E app resulting from a collaboration between Sodexo, Xpenditure and iAlbatros, is integrating its expense management capabilities with Uber. A press release Monday (Sept. 10) said Rydoo is linking into Uber for Business to streamline corporate travelers’ reimbursement and expense reporting processes. “Rydoo is focused on meeting our customers’ expectations by offering global solutions,” said Rydoo CEO Sébastien Marchon in a statement.

Expense Management 59

Expense Management Transportation Travel Expense Management Spend Management 59

PYMNTS

SEPTEMBER 14, 2018

How do consumers really want to search online ? That’s a question with obvious relevance to payment and commerce operators. Perhaps a better, more specific question is this: Even with Google ’s search engine dominance (a dominance that seems as currently eternal as, say, the power of the British Navy in the late 19 th century), can any challenger make a significant push to gain ground?

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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.

financial statements

PYMNTS

SEPTEMBER 13, 2018

Consumers prefer speed, convenience and ease of use over security — even when it comes to accessing financial services online. As many as 71 percent of financial consumers reported being satisfied with an authentication method if it was easy to use, while 62 percent like authentication methods that are convenient. In comparison, only 45 percent said they would prefer an authentication method due to its tight data security.

Technology 59

Technology accountant Account accounted 59

PYMNTS

SEPTEMBER 14, 2018

Spend analytics has broken through as an essential part of corporate procurement strategies. Businesses need to know how much money they’ve spent, and on what. Luckily, enterprise digitization is pushing the needle forward for procurement teams, enabling access to data that empowers the type of spend analysis organizations demand. Today, though, CFOs and procurement leaders want to go even deeper.

Technology 59

Technology accounts payable accounting and finance Spend Management 59

PYMNTS

SEPTEMBER 10, 2018

Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Biologists wanted to better understand how to keep the human body’s ecosystems from being devastated by disease, so humans could live longer, healthier lives. Ecologists wanted to better understand the relationship between living things and their environment to improve the health of Mother Earth.

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Transportation New York Gaming accountant 58

PYMNTS

SEPTEMBER 11, 2018

Who are you? And who do you want to be — especially before disparate audiences and peer groups? Don’t worry — this is not an intro to a freshman philosophy class (a fair number of philosophy majors make bank with hedge funds and tech , though, so let’s not tease). Rather, those are questions central to the development of digital identities and social authentication, making them important for the broader practice of online payments and eCommerce.

Technology 58

Technology Maine 58

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 13, 2018

Small business owners are making a grave mistake if they assume their firms are not a prime target for cyberattackers. Not only are small and medium-sized businesses (SMBs) a prime target, but such an attack can be detrimental to a small company without the resources to combat a security threat. Nearly half of the small businesses surveyed by Hiscox last year said they had been targeted by at least one cyberattack, while 44 percent said they were hit by between two and four attacks.

Technology 58

Technology B2B 58

PYMNTS

SEPTEMBER 14, 2018

With cash use still popular in Europe, and the technology behind digital money remaining fragile, the European Central Bank (ECB) doesn’t intend to create a digital currency. Even so, the spread of cryptocurrencies have brought the idea of central banks issuing digital money to light, Reuters reported. “The ECB and the Eurosystem currently have no plans to issue a central bank digital currency,” President Mario Draghi wrote in a letter.

Sales 57

Sales Technology 57

PYMNTS

SEPTEMBER 14, 2018

As one of the world’s biggest internet companies, Baidu is homing in on autonomous vehicles and artificial intelligence (AI). The tech company has a particularly strong presence in its home country of China, where it commands 70 percent of internet searches, CNBC reported. Spurred by its interest in transportation technology, Baidu has inked partnerships with companies like Intel, Microsoft, Ford, BMW and Daimler.

Technology 57

Technology Transportation Manufacturing 57

PYMNTS

SEPTEMBER 13, 2018

Though much of retail has been buoyed by a rising tide of strengthened sales and renewed consumer confidence, some sellers out there continue to struggle to grab a foothold during changing times. Guitar Center, founded in 1959, is one such business. Sales have fallen off sharply in recent years, which, while a problem on its own, is compounded by the fact that brand finds itself sitting under $1 billion in outstanding debt.

Education 57

Education Sales Retail Start-ups 57

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PYMNTS

SEPTEMBER 13, 2018

Bank of America is adding mobile wallet functionality to its suite of commercial card products, the bank said Wednesday (Sept. 12). In a press release , Bank of America said its corporate cards are now compatible with mobile wallets including Apple Pay, Google Pay and Samsung Pay, citing business travelers’ mobile payment needs as a stop motivation behind the initiative.

accounting and finance 56

accounting and finance Finance Travel Expense Management Expense Management 56

PYMNTS

SEPTEMBER 10, 2018

In some ways, payments authentication can come across as improvisational — every institution seems to use a different method. Call centers , particularly those dealing with financial transactions, have a strong need to be sure that the person on the other end of the line is actually their customer. The fact that most firms know that, and set up measures to properly authenticate those customers, is a good thing, said Chief Commercial Officer Dewald Nolte of Entersekt in a recent conversation wi

Sales 56

Sales 56

PYMNTS

SEPTEMBER 14, 2018

Cashierless stores aren’t just for mega retailers like Amazon to sell prepared food from their kitchens or products from other producers: Beverage brands, among other companies, are getting into the action and choosing this checkout experience for stores that showcase their own products IRL (“in real life”) as a marketing tool. This week, beverage company Dirty Lemon plans to bring such a store to New York City this week – with a little help from mobile technology.

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New York Retail Technology Start-ups 55

PYMNTS

SEPTEMBER 14, 2018

And so the Amazon effect comes to Europe – this time with a purported Amazonian appetite for (grocery) aisles. News came Friday (Sept. 14) that German retailer Metro AG is looking to offload its Real hypermarkets via sale, and the firm, said Reuters , “remains confident” of a transaction. A possible deal for Amazon – one worth $1.2 billion? According to Reuters, bankers remained skeptical of that scenario, and said that private equity firms would be the most likely suitors.

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Sales Gaming Retail 55

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 14, 2018

Sizzle. Amazon’s B2B Biz : Amazon is everywhere — and while retail is the name of the game, B2B is growing by leaps and bounds. In fact, Amazon’s B2B is growing faster than retail, as Amazon Business is on track to hit $10 billion in sales this year, just four years after launch — it took the unit only one year to reach $1 billion in sales. Amazon says millions of firms have already signed on to the service.

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B2B Gaming Sales Retail 55

PYMNTS

SEPTEMBER 13, 2018

Citing an analysis by JPMorgan Chase, Bloomberg reported the Wall Street bank doesn’t think the next financial crisis will be as painful as past crises, but that it is coming. According to the analysis, stocks could decline around 20 percent with the next crisis, the U.S. corporate bond yield premiums will be at around 1.15 percentage points, and there will be a 35 percent decline in energy prices and a 29 percent decline in base metals.

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management accounting management accounts accountant Account 55

PYMNTS

SEPTEMBER 14, 2018

Henry Wadsworth Longfellow once wrote, “ into every life, a little rain must fall ,” a piece of poetry that will become a piece of literal reality this weekend in the American southeast. Except, of course, it won’t be a little rain — it will be a lot of rain for the Carolina coastline as Hurricane Florence roars in this weekend and brings with her torrential downpours, high winds, massive storm surges and widely expected flooding.

Retail 54

Retail North Carolina Real Estate Pennsylvania 54

PYMNTS

SEPTEMBER 14, 2018

To settle allegations involving its premium “dark pool” called Citi Match, Citigroup will pay more than $12 million in “disgorgement and penalties.” The news comes as the U.S. Securities and Exchange Commission (SEC) claims that two high-frequency traders routed millions through Citi Match, while the firm allegedly told clients that they were not using the service, Financial Times reported.

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