PYMNTS

AUGUST 13, 2020

PAAY has rolled out a partner platform to let merchants and payment providers implement and track EMV 3DS, a standard that aims to help prevent unauthorized card-not-present (CNP) transactions, throughout different merchant accounts. In that instance, merchants have to contend with cart abandonment. Merchants pay $3.13

Technology 99

Technology Compliance Retail eCommerce 99

E78 Partners

MARCH 23, 2023

When your team is stretched thin, outsourcing your finance and accounting services can be an effective solution, allowing you to focus on core competencies and achieve long-term growth for your company. We’ve compiled the top five signs that it’s time to outsource your finance and accounting services.

Accounting 52

Accounting Finance Budgeting Securities 52

PYMNTS

OCTOBER 19, 2020

Remittances between migrant workers and their families could also account for hundreds of billions of dollars. However, the sheer number of cross-border payments belies the challenges that individuals and companies face when conducting them. How Cloud Systems Accelerate And Secure Cross-border Payments.

Technology 77

Technology Securities Treasury Banking 77

PYMNTS

APRIL 3, 2019

Simply showing what the lowly, mundane, terribly average phone number can do in terms of securing transactions, onboarding and other tasks vital to the daily lives of digital consumers. Enter the phone number – which, as Meier told Webster, is possessed by more than 95 percent of people in the U.S. Verification Trends.

Numbers 59

Numbers Securities Accounting Banking 59

CFO Leadership

OCTOBER 18, 2023

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.

Finance 52

Finance Accounting Auditing IFRS 52

PYMNTS

NOVEMBER 26, 2020

Social Security Administration, for example, requires recipients using its website to provide unique eight-digit codes sent via text to their smartphones in addition to their usernames and passwords when they sign up or log in. . That number appears to be rising, too, as just 37 percent of consumers said the same last year.

Securities 69

Securities Leverage Retail Numbers 69

PYMNTS

APRIL 23, 2019

Financial management is mission-critical to the health and vitality of small business (SMB), but it’s also one of the most difficult tasks for entrepreneurs and business owners that may have the skills to launch new products or services, but lack the accounting expertise to handle the numbers. The firm secured $1.8

Numbers 61

Numbers Accounting CFO Financial Analysis 61

PYMNTS

MAY 8, 2020

Building that experience properly, he noted, means allowing consumers to create accounts with stored credentials and data — because to build a competitive digital service means building one that works smoothly, not one that consumers have to continually relog into. But we are seeing in our data it’s also growth,” he said.

Securities 97

Securities Forecasting eCommerce Retail 97

PYMNTS

JUNE 5, 2020

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. The benefits are compelling but banks need to understand which entities are using the APIs they provide. Why AML Checks Are Never Over.

Securities 69

Securities Banking Leverage Accounting 69

PYMNTS

APRIL 24, 2020

Some have added support for in-branch digital technologies such as video banking screens and upgraded ATMs to minimize in-person contact while making sure customers’ needs are met, for example. HSBC UK has also adjusted its operating hours and is limiting the number of customers that can enter its locations at one time.

Technology 99

Technology Banking Education Numbers 99

PYMNTS

MARCH 27, 2020

These attacks have grown more sophisticated as technology advances, and fraudsters are furthering their schemes with synthetic identity fraud, or scams in which bad actors invent new identities specifically for criminal purposes. The bad actors then cut off all contact with the bank, preventing it from recouping its losses.

Technology 83

Technology Leverage Credit Risk Banking 83

PYMNTS

JANUARY 29, 2020

Having an accounting background is no longer a must for a company’s chief financial officer (CFO), according to a report by The Wall Street Journal. Traditionally, CFOs come from accounting, and they’re known as people who can handle financing strategy, cost management, reporting needs and standards of accounting.

CFO 57

CFO Accounting Cost Management Finance 57

PYMNTS

JANUARY 22, 2021

Westlake has already sent several million dollars over the RTP network during the pandemic, according to Westlake’s Director of Accounting Operations Raul Alvarez. As with any payment method, fraud attacks and human errors can upend customer experiences unless companies have strong security strategies in place. Contingency Planning.

Securities 56

Securities Finance Accounting Planning 56

PYMNTS

JANUARY 2, 2019

The hackers stole usernames and passwords and tried to access accounts. Warby Parker said it would keep investing in technology that will continue to protect customers’ privacy and security when using the site. Macy’s said at the time that the hackers didn’t get Social Security numbers or card CVV numbers.

Accounting 74

Accounting Securities Retail Numbers 74

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.”. “Our

Securities 56

Securities Education Currencies Technology 56

Future CFO

OCTOBER 7, 2019

According to IDC’s Worldwide Semiannual Security Spending Guide , global spending on security-related hardware, software, and services is forecast to reach US$103.1 It appears that a deep chasm exists between what organisations are willing to spend on security and what it will cost their business. billion in 2019, up 9.4%

Budgeting 52

Budgeting Securities Benchmarking CFO 52

PYMNTS

JANUARY 22, 2020

In the simplest terms, the data laws place parameters around the collection and use of data that springs from a staggeringly large market – as many as 560 million individuals, if we count the number of people who have internet access in India. The aggregators have duties as fiduciaries to manage consent. The Roadmap.

Accounting 52

Accounting Banking Education Leverage 52

PYMNTS

OCTOBER 12, 2018

Now, security providers and financial institutions (FIs) are working to stop them from impacting banks’ assets and customers by turning to new, emerging technologies like artificial intelligence (AI) and machine learning (ML). Two-thirds of banks and 83 percent of FIs have experimented with the technology already.

Securities 76

Securities Banking Technology Communication 76

PYMNTS

DECEMBER 13, 2019

Facebook has been using a new type of artificial intelligence (AI) to identify and delete hundreds of millions of fake accounts, according to a report by VentureBeat. billion fake accounts between April and September of this year, which is more than double the same period a year ago.

Accounting 56

Accounting Numbers Technology Securities 56

PYMNTS

FEBRUARY 6, 2019

This shift has been so acute that small business cloud accounting firm Xero is even petitioning the Oxford English Dictionary to change the definition of “accountant” to one that includes the word “advise.” Changing Demand. That demand for human talent, by the way, hasn’t decreased.

Corporate Finance 74

Corporate Finance Accounting Finance Accounts Payable 74

CFO Thought Leader

MAY 8, 2024

Read More Following his stint at Goldman Sachs, Herman transitioned to Prudential Securities, diving into the intricate world of mergers and acquisitions. This move wasn’t just a change of address: It was a strategic step into a role that demanded a deep understanding of corporate strategies and the foresight to see beyond numbers.

CFO 52

CFO Financial Modeling Forecasting Finance 52

PYMNTS

FEBRUARY 3, 2020

Such transparency between buyers and sellers allows the economy to quickly grow — but also presents fraud and security challenges. Phone numbers and email responses are also common. Tapping details that complicated requires technologies able to isolate patterns invisible to humans. AI’s role in sharing verification.

Securities 53

Securities Accounting Technology Numbers 53

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.

B2B 75

B2B Securities Investments Startups 75

PYMNTS

APRIL 22, 2020

Banks are jostling for space in the market because an expanding number of FinTechs and large-scale technology companies are competing for the same set of consumers. Banks must enable fast and seamless onboarding experiences, but these processes should also be secure.

Securities 53

Securities Accounting Banking Numbers 53

PYMNTS

APRIL 19, 2019

The shifting role of small business (SMB) accountants is largely driven by the increase in automated solutions available to business owners today. With machines now taking care of repetitive financial tasks, accountants have had to readjust their position from number-cruncher to value-adder to remain relevant.

Accounting 61

Accounting Compliance Reconciliations CFO 61

PYMNTS

JANUARY 9, 2019

In a 2017 report from job hunting site Indeed , researchers found that “small business accountant” was nowhere to be found in the top-10 job positions sought after by most small business employers. “Bookkeeping is the low-value work performed by accounting firms,” he said.

Accounting 71

Accounting Corporate Finance Accounting Firms Auditing 71

PYMNTS

JUNE 13, 2019

Digital identification technology continues to advance, bringing both benefits and drawbacks. billion digital records in the United States were compromised during the first half of 2018 – 291 records every second – with only six social media breaches accounting for more than half of all at-risk data. The Drawbacks of Complex Security.

Securities 51

Securities Accounting Technology Investments 51

PYMNTS

MAY 31, 2017

Visa announced Tuesday (May 30) that it is rolling out enhancements to its Verified by Visa service, a global solution designed to make online purchases more secure by helping ensure payments are made by the rightful owner of the Visa account. As part of the upgrade, Visa said it was enhancing its systems to support 3-D Secure 2.0,

Securities 77

Securities Compliance Technology Retail 77

PYMNTS

OCTOBER 26, 2016

While it’s not uncommon for these Internet of Things (IoT) devices to be accessed by attackers looking for a stealthy way in, it’s also not uncommon for merchants to overlook these as a point of security vulnerability. to provide additional layers of security. Going Beyond PCI.

Securities 81

Securities Auditing Compliance Retail 81

Nerd's Eye View

SEPTEMBER 4, 2023

Welcome to the September 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!

Startups 89

Startups Technology Investments Planning 89

PYMNTS

APRIL 4, 2019

Credit union (CU) associations and service providers are pushing for the adoption of technology to help with security and compliance. million: Number of credit union members in the U.S. 12 hours: Amount of time senders have to settle their accounts at a Dollar General store. All this, Today In Data. as of December 2018.

Technology 46

Technology Prioritization Compliance Startups 46

PYMNTS

NOVEMBER 9, 2016

The number and the decimal — 2.0 — has evolved into a rough shorthand for the newest version of something. A revamp, a redo, a new and improved model — from technology to your latest spouse. Enter 3-D Secure 2.0. The experience has to be consistent with how consumers want to conduct commerce digitally — and securely.”.

Securities 76

Securities Communication Technology Transportation 76

PYMNTS

MAY 24, 2018

Facebook, the social media giant, announced on Wednesday (May 23) that it has improved two-factor authentication, the industry-best practice for providing additional account security. The company is also expanding the ways in which users can secure their accounts with a second factor without needing to register a phone number.

Numbers 40

Numbers Securities Accounting Technology 40

PYMNTS

MAY 27, 2020

The CEO of SoFi, the digital personal finance company based in San Francisco, said its investor accounts have doubled this year, mostly due to fractional shares. CEO Anthony Noto told CNBC’s “Squawk on the Street” that the FinTech company’s investing platform has seen a significant uptick in user numbers since January.

Accounting 52

Accounting Investments Cash Management Economics 52

PYMNTS

SEPTEMBER 12, 2018

Omni Security and Authentication. Consumers expect to do business with their bank online seamlessly, without the hassle of complicated security checks, whether through their mobile phone, smart watch, home speaker or other connected device. Around The Security And Authentication Space. presidential election.

Securities 55

Securities Banking Technology Financial Data 55

Nerd's Eye View

OCTOBER 20, 2023

Also in industry news this week: The latest update on the status of the Department of Labor's proposed regulation related to fiduciary advice on retirement accounts and why the agency is referring to it as a "retirement security rule" rather than a "fiduciary rule" A report suggests that RIA M&A surged in the 3rd quarter, as large acquirers resumed (..)

Healthcare 79

Healthcare Securities Accounting Planning 79

PYMNTS

OCTOBER 21, 2019

A major security flaw has been discovered in the Vatican’s eRosary smart device. But French security researcher Elliot Alderson said that he actually discovered a major security flaw in the app within 15 minutes, which would allow a hacker to take over a person’s account by knowing the user’s registered email address.

Securities 41

Securities Accounting Retail Numbers 41