PYMNTS

JANUARY 24, 2021

Business software maker Cygnet Infotech has updated its FACE ( Financial Accounting Comprehensive and Easy ) accounting software platform, according to a published report. The new version supports accounting for multiple companies working in multiple currencies, among other aspects, the report stated.

Accounting 71

Accounting Compliance Invoicing Currencies 71

Future CFO

MAY 10, 2021

Alibaba affiliate Ant Group is participating in China’s digital currency trial, according to a report by China Securities Journal. MYbank — an online bank in which Ant has a 30% stake — allows some users to link their accounts with China’s digital yuan app, the media report says.

Currencies 40

Currencies Banking Securities Accounting 40

PYMNTS

JUNE 8, 2020

Authorities in China have reportedly frozen bank accounts due to digital currency and fiat assets allegedly contaminated by illicit actions, CoinDesk reported. The report noted that the impacted digital currency users aren’t necessarily accused of doing anything wrong.

Accounting 53

Accounting Currencies Securities Banking 53

PYMNTS

OCTOBER 29, 2020

The Bank of Canada is progressing in its plans for a national digital currency, moving past proof of concepts to “executable” plans, according to Reuters. Currencies move across borders, and so we certainly wouldn’t want to be surprised by some other country,” he said in the report. percent fee tacked on to all purchases.

Currencies 63

Currencies Banking Planning Investments 63

PYMNTS

JUNE 24, 2020

The Australian Securities & Investment Commission (ASIC) has reported an increase in the volume of investment scam reports by investors and consumers in Australia amid the pandemic, according to a press release. Scammers will many times ask for payment to an individual or firm into many or continuously changing bank accounts.

Currencies 67

Currencies Banking Investments Economics 67

PYMNTS

DECEMBER 9, 2020

The accelerated growth of USDC over the course of this year is the result of our active work to establish an open standard for fiat digital currency on the internet,” Puth said in a statement. Cuy Sheffield , head of the crypto at Visa, said this is the first business card that will make the balance of USDC available for spending.

Currencies 103

Currencies Treasury Compliance B2B 103

PYMNTS

JUNE 9, 2020

The number of Nintendo accounts compromised by hackers was nearly double the amount reported two months ago, according to TechCrunch. On Tuesday (June 9), Nintendo confirmed that another 140,000 accounts were compromised. But it took another two weeks before Nintendo admitted that accounts had been improperly accessed.

Accounting 59

Accounting Currencies Numbers Securities 59

PYMNTS

JUNE 18, 2019

In other news, malicious apps have managed to get around Google ’s security-enhancing measures, accessing one-time passwords (OTPs) and SMS-based two-factor authentication (2FA), as well as some email-based 2FA systems. Russia’s central bank might one day launch its own digital currency. Why would they?”

Currencies 53

Currencies Banking Numbers Technology 53

PYMNTS

FEBRUARY 17, 2020

Dallas-based busing line Greyhound is all too familiar with such problems, prompting it to implement advanced learning technologies to secure ticketing. Our number one goal was making sure that process was as frictionless as possible while making sure that we [offered] a fully secure process.”.

Securities 56

Securities Education Currencies Technology 56

CFO News Room

FEBRUARY 5, 2022

Finance minister Nirmala Sitharaman said in the Budget speech that the introduction of a central bank digital currency (CBDC) will give a big boost to the digital economy. Digital currency will also lead to a more efficient and cheaper currency management system.

Budgeting 130

Budgeting Currencies Finance Banking 130

PYMNTS

AUGUST 27, 2019

As regulators call for a delay of the social media giant’s cryptocurrency project, Facebook is moving forward, pointing to the bug bounty program as evidence it is taking security seriously. “We Although there is no guarantee Libra will get the green light to launch, the bug bounty is intended as a gesture that security is important. “As

Securities 52

Securities Currencies Communication Accounting 52

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Also operating in the enterprise security space is Cequence Security, based in California. Contrast Security.

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B2B Securities Investments Startups 75

PYMNTS

SEPTEMBER 17, 2020

Most of the funds reportedly arrived in one of the individual’s accounts. A forfeiture complaint for digital currency funds that were confiscated in the past outlined the purported thefts, target exchanges and marks of the two individuals. After that time, they purportedly stole ether, bitcoin and NEO to the tune of $20 million.

Securities 71

Securities Treasury Currencies Accounting 71

PYMNTS

SEPTEMBER 30, 2016

You don’t have to look far to see security flaws leading to massive data breaches. Security experts believe that may be what happened to Yahoo — the tech giant confirmed that over 500 million user accounts were compromised by hackers, marking what is said to be the largest data breach in U.S.

Securities 76

Securities Currencies Accounting Numbers 76

PYMNTS

JULY 27, 2017

Security in the digital age is a goal for most retailers and consumers — and nearly everyone else in the business world. When it comes to personal information, especially data linked to payment accounts, the level of privacy and accuracy of security are key in keeping the retail world spinning. Although most U.S. In other U.S.

Securities 49

Securities Currencies Retail Financial Data 49

The Finance Weekly

NOVEMBER 3, 2021

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. For both internal and external sources, each balance has to match the corresponding account in the general ledger.

Reconciliations 52

Reconciliations General Ledger (GL) Accounting Finance 52

https://trustedcfosolutions.com/feed/

JULY 19, 2022

QuickBooks is recognized for being a great basic accounting tool, and it is used by a lot of small businesses because it is user-friendly and affordable. Still, it is not an accounting solution that can handle business processes apart from financials. Sage Intacct is a cloud-based accounting solution that offers much, much more.

Accounts Payable 113

Accounts Payable Auditing Compliance Accounting 113

PYMNTS

DECEMBER 3, 2018

Amid the digital transformation of the enterprise, data is now considered the most valuable currency for corporates looking to transform via technology. Add legislation like PSD2 into the mix, which promotes data sharing and security, and there is an opportunity for T&E processes to be truly transformed, Jouini recently told PYMNTS.

Currencies 57

Currencies Auditing Technology Treasury 57

PYMNTS

FEBRUARY 21, 2020

Wells Fargo is reportedly close to settling with regulators over a scandal involving the creation of fake accounts, according to a report by The Wall Street Journal. The bank is circling settlements with both the Justice Department and the Securities and Exchange Commission (SEC). After that, new investigations were started.

Accounting 52

Accounting Currencies Banking Securities 52

PYMNTS

OCTOBER 11, 2018

CipherTrace noted in a report that digital currency theft has nearly topped $1 billion over the first three quarters of the year at $927 million, Reuters reported. The organization noted that digital currencies are not an effective store of value, unit of account or payment means.

Currencies 73

Currencies Startups Forecasting Banking 73

PYMNTS

OCTOBER 7, 2020

SWIFT’s [Society for Worldwide Interbank Financial Telecommunication] new service offers the possibility of borderless low-cost account-to-account currency transfers from the bank’s own app or portal, and Oracle Banking Payments’ readiness makes this transition easy and fast for SMEs.”. The subsidiary of Oracle Corp.

Currencies 145

Currencies Banking Accounting Securities 145

Creative CFP

OCTOBER 2, 2020

A couple of years into my career as a chartered accountant I started to wonder if I was still enjoying working in the finance industry. I was so consumed with day-to-day accounting tasks that I did not have time to monitor the financial health of businesses I was taking care of, or to provide valuable feedback to business owners.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52

PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”. dollars and Ukrainian hryvnias.

Foreign Exchange 84

Foreign Exchange Currencies Securities Numbers 84

https://trustedcfosolutions.com/feed/

JUNE 2, 2022

In that case, you may be looking for more powerful real-time accounting solutions to provide you with a better view of your entire operation and help with things like taxation, HR, multiple currencies, and more. Secure access to your key data from anywhere, at any time, because your accounting solution is cloud-based.

Finance 104

Finance General Ledger IFRS GAAP 104

PYMNTS

DECEMBER 23, 2020

News came this week that the United States Securities and Exchange Commission has filed suit against Ripple over its XRP cryptocurrency. billion unregistered securities offering, and named CEO Brad Garlinghouse and Co-Founder Chris Larsen in the suit. XRP is a currency, as the DOJ and FinCEN determined in 2015.

Currencies 93

Currencies Securities Investments Sales 93

PYMNTS

DECEMBER 18, 2020

18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. CVC" stands for "convertible virtual currency" – a category of digital products that can serve as currency. Bitcoin is a popular example.

Treasury 141

Treasury Currencies Securities Banking 141

PYMNTS

MAY 3, 2017

Other efforts revolve around safety and security, as the executive noted that a card that debuted in South Africa has a safety feature embedded in the form of a fingerprint scanner. and LaCaixa in Spain, among other conduits, the tally was 85 million enabled accounts at quarter end. for the year.

Accounting 75

Accounting Currencies Securities Numbers 75

PYMNTS

JUNE 8, 2018

Wells Fargo was fined $185 million in 2016 for opening millions of potentially fake accounts, prompting the Office of the Comptroller of the Currency (OCC) to perform a months-long industry-wide review. Yet, the regulator “did not identify systemic issues with bank employees opening accounts without the customer’s consent.”.

Accounting 49

Accounting Currencies Banking Sales 49

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept. Establishing Trust And Confidence.

Treasury 129

Treasury Currencies Benchmarking Cash Management 129

PYMNTS

JUNE 25, 2020

As accounts payable (AP) and accounts receivable (AR) operations continue to converge for many organizations, buyers and suppliers are increasingly acknowledging the value of using each other’s technology platforms to promote stronger B2B relationships. MineralTree Pairs For Global AP. Esker Adds Credit Tech To AR Platform.

Invoicing 112

Invoicing Accounts Payable B2B Currencies 112

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. It was never meant to be shorthand for, well, you – proving that you are who you say you are, serving as a gateway to all manner of sensitive data and, of course, financial accounts.

Securities 43

Securities Numbers Accounting Banking 43

PYMNTS

AUGUST 14, 2020

Coinbase, the digital currency exchange, will offer bitcoin-backed cash loans to select customers as early as next month, the San Francisco-based company announced on its blog this week. Customers in 17 states have been invited to join the waitlist to borrow up to 30 percent of their bitcoin holdings.

Currencies 107

Currencies Startups Economics Accounting 107

PYMNTS

OCTOBER 5, 2020

“We’ve seen the acceleration [away from manual, paper-based back-office functions] due to employees working from home” and issues tied to security and battling potential fraud, Joiner said. We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner.

Healthcare 130

Healthcare B2B Reconciliations Accounts Payable 130

PYMNTS

MARCH 1, 2019

Consumers no longer had to carry hard currencies, and they could make purchases using money they expected to earn. introduced FPS, payments took hours or even days to reach recipients’ accounts, giving FIs time to examine the transactions and respond to anything suspicious. Security strategies. Fraud opportunities.

Securities 53

Securities Reconciliations Banking Invoicing 53

PYMNTS

JULY 11, 2018

Digital currency investor Li Xiaolai has reportedly resigned from the position of managing partner at the Hangzhou Xiong’An Blockchain Fund, CoinDesk reported. ” In other news, the losses from a security breach at Bancor , a decentralized exchange, has reportedly reached $23.5 million, Cryptovest reported.

Securities 40

Securities Currencies Leadership Banking 40

PYMNTS

MAY 19, 2020

The Security Service of Ukraine is reportedly holding a hacker for allegedly selling a database with 773 million email addresses and 21 million unique passwords, CoinDesk reported. In other news, the government of Iran is aiming to limit digital currency exchanges with so-called “currency smuggling” regulations, CoinDesk reported.

Foreign Exchange 59

Foreign Exchange Currencies Securities Numbers 59

PYMNTS

JULY 28, 2019

Initial coin offering (ICO) consultant CoinLaunch will pay $50,000 to settle with the Ontario Securities Commission (OSC). According to the regulator’s website , CoinLaunch was consulted on two ICOs, with both determined to be securities. As a result, CoinLaunch has agreed to pay a $50,000 fine.

Securities 40

Securities Currencies Banking Sales 40