CFO News Room

DECEMBER 13, 2022

Plus, the current rise in interest rates has made it worthwhile to have some money in savings accounts again. High-Yield Savings Accounts . If you have $15,000 to invest but plan to use the cash in the next few years, a high-yield savings account could be the way to go. Open a Brokerage Account .

Investments 130

Investments Accounting Finance Planning 130

PYMNTS

MARCH 6, 2020

UK Moves Closer to Big Four Accountancy Breakup. The British audit regulator, the Financial Reporting Council (FRC), announced plans this week to break up the dominance of the largest four accounting firms: PwC, EY, Deloitte and KPMG. eCommerce May Save Fashion Week Events in 2020. In a feature story, Diane S.

Treasury 52

Treasury Auditing eCommerce Cash Management 52

PYMNTS

NOVEMBER 4, 2020

Morgan said it had established Onyx, a new business unit dedicated to blockchain and digital currencies. The ledger, tied to blockchain, allows banks to exchange data about payments, resolve compliance inquiries and validate accounts. The conversation took place against the backdrop where, late last month, J.P. Liink, J.P.

Healthcare 131

Healthcare Compliance Currencies Banking 131

PYMNTS

MARCH 26, 2019

For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange. Necessary Planning. A recent controversy at American Express highlighted that risk for SMBs.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

FEBRUARY 21, 2020

PYMNTS’ latest roundup finds investor interest for B2B eCommerce , small business banking, corporate card technology, cybersecurity and autonomous supply chain tech, but it was a ResTech startup that secured the most funding of the week, by a considerable margin. MaxWholesale. CybelAngel.

B2B 72

B2B Startups eCommerce Investments 72

PYMNTS

JUNE 20, 2019

The business model of offering the digital wallet Calibra to back Libra, and tie it all to real assets (along with the Libra Association), shone the spotlight on crypto’s role in eCommerce. Under the terms of that agreement, MoneyGram will use the digital currency as part of day-to-day operations.

Currencies 76

Currencies Retail eCommerce Accounting 76

PYMNTS

MARCH 1, 2019

But Software-as-a-Service emerged as a hot spot, too, with the largest investment round of the week going to a B2B eCommerce SaaS provider. Cequence plans to use the funding to focus on market expansion and further innovations of its platform, which links businesses with software to safeguard enterprise apps. Contrast Security.

B2B 75

B2B Securities Investments Startups 75

PYMNTS

SEPTEMBER 11, 2020

Mastercard Leads New Central Bank Digital Currency Test Platform. Mastercard has unveiled a new Central Bank Digital Currency (CBDC) test platform. The redesigned app was created to meet expectations of shoppers as they move from shopping in stores to eCommerce. Trackers and Reports.

Currencies 56

Currencies Numbers Communication Banking 56

PYMNTS

NOVEMBER 19, 2020

That includes advancements in Canada's upcoming Real-Time Rail, as well as adoption by Transcard of Mastercard's Track Business Payment Service to facilitate real-time, account-to-account transfers for businesses. Plus, blockchain makes new inroads in the B2B arena. Canada Taps Vocalink for Real-Time Rail.

B2B 104

B2B Reconciliations Risk Management Compliance 104

PYMNTS

NOVEMBER 15, 2018

All teens want for the holidays this year is a new iPhone and some Fortnite “V-Bucks” virtual currency. In fact, the tech giant accounted for 11.5 In fact, the tech giant accounted for 11.5 The next closest brand is Gucci , which only accounted for 0.6 The top item on U.S. teenagers’ wish list is Apple ’s latest iPhone.

Currencies 49

Currencies Retail eCommerce Accounting 49

PYMNTS

DECEMBER 30, 2020

That’s when you get the sustainable proposition,” said Gibu Thomas , Pepsi’s head of eCommerce. For example, D2C channels accounted for 41.1 By contrast, D2C only accounts for 8.5 And Abhishek Ahluwalia , global eCommerce growth platforms leader for Mondel?z Because that's when you get the repeats.

Education 103

Education Sales eCommerce Retail 103

PYMNTS

JUNE 14, 2019

However, the company claims Amazon processes upwards of 300 transactions each second — “typically making it incompatible with the digital currency.” But the firm says it “can now dramatically accelerate transaction speeds while reducing loads on the system.” ( Coindesk pointed out that the retailer itself does not take digital currencies.).

Technology 43

Technology Currencies Invoicing B2B 43

PYMNTS

MARCH 6, 2018

Here’s what some of the biggest names in payments and commerce are planning with this burgeoning technology. America’s eCommerce giant is reportedly playing with blockchain via its cloud computing arm, Amazon Web Services (AWS) , with a focus on health care, financial services, supply chain management, and security and compliance.

Currencies 47

Currencies Leverage eCommerce Compliance 47

PYMNTS

SEPTEMBER 1, 2017

million in total funding across nine rounds, with startups ranging from corporate travel and expense (T&E) management and small- and mid-sized business (SMB) accounting to artificial intelligence and beyond. B2B eCommerce. The company noted it also plans to add approximately 100 more employees. Small Business Accounting.

B2B 54

B2B Startups Data Analysis eCommerce 54

PYMNTS

SEPTEMBER 27, 2019

bank account holders even if they are not American Express cardmembers. American Express is teaming with eCommerce merchants across a variety of industries, including Thai Airways, Hays Travel, the Royal Lancaster London hotel and others. Western Union Enables Real-Time Account-To-Account X-Border Payments For Banks, Digital Wallets.

B2C 46

B2C eCommerce B2B Banking 46

PYMNTS

OCTOBER 7, 2016

And bitcoin purveyors and exchangers are eyeing an emerging eCommerce market in India that might offer the right components for traction. India’s eCommerce leader, Amazon, is also vying for the top spot ahead of the Diwali shopping season. Bloomberg stated that Amazon is spending $5 billion to gain dominance in Indian eCommerce.

Currencies 99

Currencies Foreign Exchange eCommerce Banking 99

PYMNTS

SEPTEMBER 14, 2018

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. The eCommerce operator wants to put its own spin on that business. trillion by 2020.

B2B 70

B2B Healthcare Manufacturing eCommerce 70

PYMNTS

NOVEMBER 7, 2019

“The bar these days is to have a full complement of local payment methods, and the relevant currency in each market,” he told PYMNTS of the challenge in cross-border recurring payments. “There is a huge amount of growth in the recurring business model globally,” he told PYMNTS’ Karen Webster.

B2B 40

B2B B2C Foreign Exchange Invoicing 40

PYMNTS

NOVEMBER 16, 2017

The eCommerce merchant sells apparel, accessories, furniture, electronics and other products aimed at the urban male. Wu said the company had to coordinate with the vendor, figure out international shipping and logistics and navigate the challenges of cross-border payments and foreign currency. “It

Math 46

Math Compliance Currencies Startups 46

PYMNTS

APRIL 6, 2018

The proliferation of eCommerce makes it difficult to believe that any business would be operating without a website in today’s market. have a website, and for those that don’t, nearly all plan to have a website by the end of this year. The Importance of China.

B2B 40

B2B Invoicing eCommerce Finance 40

PYMNTS

NOVEMBER 14, 2019

million) were underbanked, meaning the household had a checking or savings account but turned outside of the banking system for other financial services. It plans to maintain its competitive lead by boosting merchants’ adoption of its payment solution. According to an FDIC study , 6.5 percent of U.S. million households. percent of U.S.

Currencies 49

Currencies eCommerce Numbers Accounting 49

PYMNTS

AUGUST 17, 2018

Markets and currencies can fluctuate in seemingly strange ways, sucking profit from the season’s labor. That said, unlike most manufacturers — and, apparently, most eCommerce operators, including Netflix — the seafood industry is not yet up to speed on hedging against currency fluctuation, he said. “A Hedging Laggards.

Risk Management 40

Risk Management Foreign Exchange Manufacturing Currencies 40

PYMNTS

OCTOBER 27, 2017

The eCommerce giant has teamed up with First Data and Clover POS to power mobile order ahead from the Amazon mobile app. Restaurants that have an Amazon Pay account and a Clover POS station can take advantage of the mobile order ahead offering. 238 cities in the U.S., Google is now a mobile wallet.

Manufacturing 43

Manufacturing Advertising Accounting Currencies 43

PYMNTS

SEPTEMBER 13, 2017

And, depending from where in the world one is booking and in what originating currency, frictions can lead to the traveling equivalent of an aborted takeoff. We know that offering those flexible solutions and providing prices in different currencies is hugely important for our customers who are traveling from all over.”.

Currencies 43

Currencies Finance Securities Startups 43

PYMNTS

AUGUST 13, 2019

The key to all this, as you can imagine, is having a robust payments program in place, one that is responsive to the challenges of cross-border transactions — not only local currency and payment options, but the regulations specific to each new market and country. Not enough has happened on the accounts receivable side.”

Accounts Payable 53

Accounts Payable B2B Invoicing Currencies 53

PYMNTS

MARCH 11, 2019

Amazon’s expansion into physical commerce was a similarly non-linear progression: news that the retail giant was expanding its grocery efforts beyond Whole Foods came right before the firm announced plans to scale back its pop-up shops. The ban goes into effect in July, and will require that shops take physical currency. Cashless Coup.

Retail 49

Retail Currencies eCommerce Planning 49

PYMNTS

JUNE 30, 2016

is impacting everything from eCommerce sales to the value of the nation’s biggest financial institutions. Though some are planning not to react at all until they know they have something to worry about, Dangelmaier explained, others are already planning for the worst-case scenario. s decision to say “see ya” to the E.U.

Currencies 41

Currencies Benchmarking eCommerce Valuation 41

PYMNTS

JANUARY 22, 2019

Dosh users, upon creating an account, connect it to their card of choice. After that point, the users get cash back whenever they shop at that brand — funds that can be sent to a user’s bank account, PayPal account or to the charity of their choice. . Dosh itself makes money by taking an unspecified cut on each transaction. .

Advertising 60

Advertising Entertainment Startups Accounting 60

PYMNTS

SEPTEMBER 19, 2019

Liquidity and cash investment plans would be made by 10 a.m. As a result, treasurers must grapple with the notion (and the needs) of cash crossing accounts many times a day. Knowing where and how much cash there is across various legal entities, countries and currencies is crucial. Maybe not even weekly.

Treasury 46

Treasury Cash Management Foreign Exchange Budgeting 46

PYMNTS

DECEMBER 28, 2016

Six years ago, Esposito explained, Etsy stepped back to solve a recurring friction for its global buyers and sellers: making it easy for buyers to pay — but also making it easy for sellers to be paid in their local currencies directly into their bank account. The Expansion Plan. A Different Look At Fighting Fraud.

eCommerce 41

eCommerce Treasury Compliance Communication 41

PYMNTS

MAY 13, 2016

Businesses across the globe operating in the blockchain, eCommerce-as-a-Service and alternative lending spaces (to name a few) all secured funding. Venture capital groups ff Venture Capital, Digital Currency Group, Draper Associates and several other backers participated in the round, reports said. It was also one of the most diverse.

B2B 40

B2B Investments Startups Securities 40

PYMNTS

FEBRUARY 5, 2020

The traditional holiday shopping season , which lasts from Black Friday onward, still accounts for roughly a quarter of annual sales for retailers in general, and for certain verticals, such as jewelers, a much bigger chunk of the annual top line. Redefining Peak Season. percent versus 1.4 Looking at Points of Failure.

eCommerce 67

eCommerce Manufacturing Retail Sales 67

PYMNTS

DECEMBER 1, 2017

Moreover, even in its home country, Uber’s dominance has been slipping, with some estimating that rival Lyft will account for as much as a third of the market within the next few years. After some speed bumps – where Uber is going, and how exactly it plans to get there, remains a bit up in the air. We just live in it.

Valuation 57

Valuation Benchmarking Restructuring Numbers 57

PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. million, accounting for nearly 37 percent of all SMBs. Internet Of Things.

Retail 41

Retail Banking Securities Sales 41

PYMNTS

OCTOBER 26, 2018

The plan, HSBC and Samsung jointly confirmed in a press briefing, is envisioned for wider rollout in the U.S. Financial Inclusion: The number of Americans without a bank account continues to fall , as the percentage comes to 6.5 The execs had been suspended at the request of the Office of the Comptroller of the Currency.

B2C 53

B2C B2B Forecasting Banking 53

PYMNTS

MAY 6, 2019

The news last Friday that Facebook has plans to launch its own global crypto-based payments rails is déjà vu all over again. Credits was a virtual currency and payments platform used to power in-app purchases on Facebook. Déjà vu because it was 10 years ago, in May of 2009, that Facebook launched the alpha version of Facebook Credits.

Currencies 83

Currencies Leverage Planning Investments 83

PYMNTS

MARCH 13, 2020

Singapore’s multi-currency payments startup MoolahGo revealed this week it secured an undisclosed investment from The Lippo Group as part of its Pre-Series A round, according to a company announcement. According to reports in Tech.eu , the company said it is planning to eventually launch B2B payment installation capabilities.

B2B 64

B2B B2C Investments Finance 64