PYMNTS
FEBRUARY 8, 2018
Soon after Ripple announced a collaboration with MoneyGram, the blockchain firm revealed yet another partnership, this time in China. Reports in Blockchain News on Wednesday (Feb. 7) said Ripple announced a partnership with LianLian International, a Hong Kong-based, cross-border payments company, that plans to use Ripple’s xCurrent enterprise blockchain tool to process real-time payments coming into China.
Katz,Sapper&Miller
FEBRUARY 9, 2018
The Tax Cuts and Jobs Act (TCJA) largely eliminates the deduction for entertainment expenses. While there are a few unanswered questions (specifically how this provision affects meals), its effect is immediate. As a result, businesses should incorporate this change without delay.
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PYMNTS
FEBRUARY 8, 2018
Being a program manager isn’t easy. Essentially, it means handling everything other than card issuing, authorization and transaction processing. If it’s not holding money or providing a payment network, the program manager does it: AML (anti-money laundering) compliance, KYC (Know Your Customer), fraud mitigation, marketing, privacy, document review, OFAC compliance, reporting and more.
PYMNTS
FEBRUARY 5, 2018
Daimler’s Mercedes and Bosch are gearing up to test driverless taxis on the roads in the coming months. Engadget, citing German news site Automobilwoche, reported that Bosch head Volkmar Denner said the first test taxi will be on the roads in the coming months. He didn’t provide other details, reported Engadget, but did offer up more of a timetable for the initiative.
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
FEBRUARY 8, 2018
Fit Pay , a unit of NXT-ID , announced news on Thursday (Feb. 8) of the launch of Flip TM , a contactless payment device for cryptocurrency holders. According to a press release , Fit Pay said the new device will enable cryptocurrency holders to use their digital coins to pay for goods at retail locations. The device launch follows an announcement in December that the company would expand its platform to include cryptocurrencies.
PYMNTS
FEBRUARY 8, 2018
Can predicting the future help retailers and other organizations avoid negative outcomes? It’s not just a thought exercise: By analyzing the past, organizations can shape the future they want to see, starting with creating the best possible user experience. Those who don’t know history are doomed to repeat it, and all that. Customer churn doesn’t have to be a total loss.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
FEBRUARY 9, 2018
Corporate T&E company Certify is integrating payment capabilities provided by Western Union to enhance its global reimbursement and supplier payment offering. The companies announced in a press release sent to PYMNTS on Thursday (Feb. 8) that they formed a partnership that allows businesses using Certify to facilitate employee reimbursements and supplier payments across borders, with transactions powered by Western Union.
PYMNTS
FEBRUARY 9, 2018
In 2017, cryptocurrency startups raised $5.6 billion through ICOs (initial coin offerings, a fundraising strategy by which creators of digital coins and tokens like bitcoin and Ethereum sell their tokens to investors in order to fund the currency’s launch). With so many ICOs underway, one might say the cryptocurrency space has quickly grown oversaturated – or at the very least, overwhelming.
PYMNTS
FEBRUARY 6, 2018
Frozen food didn’t kill the restaurant. Telephones didn’t kill human interaction. And eCommerce won’t kill brick-and-mortar retail. That’s L Brands CEO and Chairman Les Wexner’s theory, as reported by The Wall Street Journal , in the face of brick-and-mortar retail’s worst year ever. Around 7,000 stores closed their doors in 2017, among them Abercrombie & Fitch, CVS, Gymboree, J.
PYMNTS
FEBRUARY 9, 2018
This week, in honor of the Big Sizzle – Amazon’s announcement that it would be offering grocery delivery directly from Whole Foods – we thought we would give our readers a chance to take a special quiz. “ THUD”. The above is the sound of…. . The other shoe. dropping on Amazon’s August 2017 Whole Foods purchase. . . The stock prices. of Walmart, Kroger, Target and Publix all crashing at once. . .
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
FEBRUARY 9, 2018
WhatsApp is testing a payment ability in India which will enable users to send money to other users of the mobile app. Citing sources familiar with the company’s plan, TechCrunch reported the service is currently in beta tests. WhatsApp has opted not to make an official announcement yet because the service isn’t available on a wide basis. WhatsApp’s payment solution takes advantage of the Unified Payments Interface (UPI) in India and includes support from a handful of banks, including State Bank
PYMNTS
FEBRUARY 5, 2018
After struggling for years with decreasing sales and mall traffic, Bon-Ton Stores has filed for bankruptcy. The retailer said it voluntarily filed for Chapter 11 bankruptcy protection in Delaware and is exploring a sale, Fortune reported. Before the announcement, Bon-Ton announced it would shutter 40 out of its 260 brick-and-mortar stores across its various brands.
PYMNTS
FEBRUARY 9, 2018
Corporates are now in a race to develop and deploy blockchain tools — and sure, part of the momentum behind that effort is the recognition that blockchain technology can lead to greater efficiency and speed in an array of business processes. But much of that effort is also due to the heightened sense of competition and urgency: The ability to tell stakeholders and industry rivals that blockchain is, in some way, already in use within an organization can certainly provide a competitive edge.
PYMNTS
FEBRUARY 8, 2018
Not every organization is diligent about matching purchase orders (POs) with invoices when handling supply chain payments and accounts payable (AP). A PO matching process ensures that a PO has already been established and approved for the vendor before an invoice is even received, so that, when the invoice arrives, the organization can guarantee it’s paying out the correct amount and not overspending.
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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
FEBRUARY 5, 2018
To run a popular burger restaurant, it’s not enough to simply have a good grill and a fresh beef patty. With advances in technology, what happens online — outside the kitchen — can make a good restaurant experience a great one. At Shake Shack, for example, CEO Randy Garutti is focusing on new digital options to make his customers leave his restaurant feeling satisfied.
PYMNTS
FEBRUARY 8, 2018
If a customer wants some red Nike running shoes in size 11, he can use his web browser or phone to navigate to Nike’s website, find the shoes, choose the color and select a size — or he can just say, “Alexa (or Google, or Siri), I want some red Nike running shoes in size 11.”. It’s clear that the natural language approach is a much faster way to get the desired result, and consumers are figuring that out: Alpine.AI CEO and Co-Founder Adam Marchick said the company’s analytics have been showing a
PYMNTS
FEBRUARY 6, 2018
Digital DNA. Perhaps the last and best hope in the battle against ID fraud – the kind that brings ruin to credit reports and billions of dollars in losses to card companies and merchants. News Monday that the Consumer Financial Protection Bureau has walked back from a full-tilt investigation into the Equifax breach brought to mind the personal data of hundreds of millions of people that is now floating across the Badlands of the Dark Web.
PYMNTS
FEBRUARY 6, 2018
According to the Small Business Administration , of the 28 million U.S. SMBs, roughly 2.5 million, or 9.1 percent, are owned by veterans of the United States Armed Forces. Those firms, according to the same SBA report, had an annual payroll of $195 billion, receipts of $1.14 trillion. And, because vet-owned firms employ about five people each, they are responsible for creating 12.5 million jobs.
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
FEBRUARY 6, 2018
Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting process, with an eye on those tech firms having an easier road toward offering their products and services across the nation. The Conference of State Bank Supervisors (CSBS), through which these states are working, said Tuesday that seven states — which include Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee an
PYMNTS
FEBRUARY 6, 2018
With the PyeongChang 2018 Olympic Winter Games not too far away, it’s high season for Team USA merchandise. Fanatics , a company that sells Team USA merchandise, has taken a novel approach to Olympic retail this year with a physical store in a major U.S. city. The store marks a milestone for Team USA: It’s their first in-person retail store outside the Olympic Training Center in Colorado.
PYMNTS
FEBRUARY 6, 2018
After a report indicated that a bug in Ledger Wallet ’s software could allow users to be duped into sending cryptocurrency to hackers, the hardware wallet company took to Twitter to remind customers to be careful when transferring digital coins. Ledger told users to “always verify [their] receiv[ing] address” on their screen at the bottom of each transaction, TheNextWeb reported.
PYMNTS
FEBRUARY 9, 2018
In the future, consumers will come to malls — but they may not come to a large department store with a savings pass in hand. They will be seeking to rewind, relax — and not necessarily search for the latest fashions. As a result, malls and retailers have to rethink how malls are set up and designed. “The key is to control the shopper’s journey and direct the consumer to the proper place, and malls will transition from anchors to attractions,” A.T.
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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
FEBRUARY 5, 2018
As department stores reconsider their real estate and business models, Macy’s is testing out pop-up stores in 10 cities — from Las Vegas to New York — in a new concept named “The Market @ Macy’s,” CNBC reported. Through the program, brands can pay a one-time fee for a space on Macy’s first floor to advertise or sell their products while retaining all of their sales.
PYMNTS
FEBRUARY 7, 2018
H-E-B is not only the neighborhood grocery store for many communities in Texas: It’s also an eCommerce retailer with digital features to better reach its customers. The grocer has brought curbside pickup to cities such as San Antonio, Waco and Houston, while rolling out delivery from Shipt and Instacart. The grocer has also expanded its business beyond its borders to serve Texans that have moved to other states but want comfort food from home.
PYMNTS
FEBRUARY 7, 2018
Chicago-based startup subscription service and steam oven creator Tovala has received new funding from Tyson Ventures , the investment arm of food giant Tyson Foods, according to a Tuesday (Feb. 6) TechCrunch report. The exact amount of the funding was not disclosed, but Tyson’s investment appears to have been earmarked to finance collaborations on Tyson-branded meals through the Tovala meal prep subscription service offering.
PYMNTS
FEBRUARY 7, 2018
You’ve heard of a baker’s dozen. Well, here, perhaps, is the hacker’s three dozen — and might there be more? According to reports by Reuters Wednesday, the U.S. Department of Justice said it had indicted 36 people from around the globe tied to an internet identity theft ring. The cybercriminals racked up nearly $530 million in losses to consumers and enterprises.
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
FEBRUARY 7, 2018
Blockchain technology has sparked a race to see which companies will be first to implement a working distributed ledger solution. The competition is heating up: According to a recent report on the technology by the National Institute of Standards and Technology (NIST), organizations would be wise to stay informed. “Blockchain technologies have the power to disrupt many industries,” the NIST stated.
PYMNTS
FEBRUARY 5, 2018
And the hits keep coming … to bitcoin’s price. The cryptocurrency’s value was down more than 7 percent on Monday (Feb. 5) to roughly $7,600, a level that would represent a new low not seen in more than two months. That slide occurred as global concerns come to bear on the digital currency, tied primarily to bans on buying bitcoin levied by banks. As reported by Reuters , the price, quoted from Bitstamp, now represents a fall that has taken bitcoin well off its peak of nearly $20,000 seen late la
PYMNTS
FEBRUARY 5, 2018
The year was 1999. eBay, then four years old, bought payments provider Billpoint to improve the payments experience on its site. When eBay first launched in 1995, the primary way that buyers and sellers did business was via paper check and snail mail. Back then, only the very, very large merchants had merchant accounts and could accept credit card payments online.
PYMNTS
FEBRUARY 9, 2018
April 15, the day that Visa’s new chargeback rules go into effect, has stirred up a lot of anxiety for merchants – but for the startup Chargehound , it’ll be just another day. Merchants who respond to chargebacks manually are pulling their hair out as they picture 30 percent shorter deadlines and more stringent rules around what qualifies as evidence.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
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