June, 2016

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Number Of Millennial Households Expected To Soar Over Next 10 Years

PYMNTS

A lot of millennials are still living at home with their parents, but as more and more of them begin moving out in the coming years, they could have a significant impact on both the housing and rental markets. Many millennials – defined in the study as adults currently between 25 to 34 years old – are still living with their parents due to a series of economic factors, but as they start to age and move out on their own the number of millennial households is expected to swell by about 2 million n

Numbers 74
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Valuation For Startups - 9 Methods Explained

Boston Startup CFO

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New Tool To Help Consumers Battle Identity Theft

PYMNTS

A new mobile app from identity theft protection company IDShield was released on Monday (June 6) and aims to help consumers by putting information and control in their hands when it comes to safeguarding against identity theft threats. IDShield said its all-new app will feature up-to-date and comprehensive identity monitoring information, as well as access to a private investigator if issues do arise for a user.

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Apple Pay’s Tough Twenty Months

PYMNTS

In the mood for a little role play today? Your head of product walks into your office with his end of quarter report for one of your flagship services. This service was positioned as a critical feature in driving demand for other products and services in the company’s portfolio. It’s been nearly two years – 20 months to be precise — since it was launched after significant investments in engineering, marketing and promotion.

Numbers 66
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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The Great Merchant Terminal Makeover

PYMNTS

Mobile technology, already a fixture in consumers’ daily lives, is having a major impact on the retail industry. Merchants are turning to mobile technology in the form of mPOS platforms in order to better serve and connect with their customers and make sure those customers return. To discuss how mobile, full-service payments solutions are impacting retailers, for this month’s Tracker cover story, PYMNTS caught up with executives from CardFlight, Retail Pro and ShopKeep, as well as with Jordan Mc

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How Starbucks Killed My Favorite Payment Experience (And Called It A Success)

PYMNTS

Like most people, I still make the majority of my purchases with credit cards. But the one place I’ve always used my phone to pay has been Starbucks. Why did I never think twice before using the Starbucks mobile app to pay for all my purchases there? For the same reasons that it has become one of the most popular mobile payments experiences in the world — it was easy to use, accepted at most Starbucks, and had a rewarding loyalty program.

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Toronto’s Rising Digital Star

PYMNTS

In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we take a look at Canada’s “economic powerhouse” and explore why Toronto may just be the next great tech startup creator. Before we jump into the post, here are a few quick facts about Toronto, Canada and its tech scene: Estimated population was 6.2 million as of 2016. The city’s GDP tops $304 billion.

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Tapp Commerce Secures $9M To Expand P2P Payments

PYMNTS

Tapp Commerce , the peer-to-peer commerce exchange network that traces its roots to Finland but has been targeting expansion in Asia, said on Sunday (June 12) that it has garnered $9 million to help fund growth initiatives. The firm said via release that the latest funding brings the cumulative investment in the firm to date to just under $13 million.

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Europe Digs Deeper Into Its Pockets – Cash Still There

PYMNTS

The state of cash in Western Europe is at a crossroads with the rapid development of mobile technology. While several European countries show positive growth in cash usage, there are some that are on track to become cash-free. The PYMNTS.com Global Cash Index™, powered by Cardtronics, uncovers the changing dynamics of the state of cash in Western Europe and the projected effect of the impending Brexit vote on cash usage.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Visa’s Merchant-Friendly EMV Moves

PYMNTS

Visa is the first to admit that a lot of progress has been made in the U.S. EMV migration over the last seven months. Today, there are 300 million chip cards in circulation and 1.2 million EMV merchant locations. It’s also the first to say that there could and should be more places for consumers to use their chip cards. Terminal certification has, so far, been a big barrier to making that possible, and the hue and cry across the ecosystem over the EMV certification backlog has now reached

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Moving Beyond The Paper Trail

PYMNTS

The movement by small and midsized businesses to fully accept and work with electronic payments has been a gradual one, and one that has been marked by concerns surrounding costs. Firms have tread cautiously with respect to electronic payments, with costs dominating the argument against transitioning. After all, it does take time and money to bring accounting systems up to speed and to enable platforms to deal with processing fees tied to transactions.

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Visa’s NFC Payment Ring Comes To Olympics

PYMNTS

Visa just rolled out the next generation of payments wearables: an NFC-enabled payment ring. And it’s bringing it to the Olympics for the Visa-sponsored athletes to use at the Rio 2016 Olympic Games. This is the first prototype of its kind to be backed by Visa. These NFC payment rings will be used by all Team Visa athletes in Rio, along with 45 Olympic hopefuls from around the world.

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TSYS Puts Bitcoin In Perspective

PYMNTS

Russell Moore, Director of Innovation at TSYS , agrees that it’s been misused in a myriad of ways, but feels that bitcoin and other cryptocurrencies offer merchants the chance to view payment processing in a new way. He gives PYMNTS a different take on the use of cryptocurrencies in payments. PYMNTS: What is the biggest misconception about bitcoin and digital currencies in terms of the payments processing perspective?

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Payments’ Half-Year Progress Report

PYMNTS

At the start of the year, I wrote a piece that outlined six trends that I suggested would set the agenda for payments innovation and commerce reinvention in 2016. The foundation for those six trends was the ability for innovators to leverage the near ubiquity of mobile devices and the ability to connect those devices – and many others – to the internet.

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Fraudulent Payment Processors Accused Of Stealing Millions

PYMNTS

Complainants in a Nevada lawsuit are accusing the owners of what’s believed to be a fake payments processing company of stealing millions of dollars from an online seller. That seller is beauty product retailer DermaKtive, which claims that a man committed fraud with the assistance of his mother and girlfriend. This fraud reportedly involved using what was believed to be payment processing for credit and debit card transactions, along with refunds.

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Visa Gives Issuers New Tool To Capture Digital Commerce Opportunity

PYMNTS

Hear the words “factory floor” and the image of assembly lines and the manufacturing of physical products immediately comes to mind. Not anymore – or at least not when the Visa Commerce team uses those words. The Visa team, according to SVP of Issuer Processing, Todd Brockman, has been hard at work on the “apps factory floor” creating the Visa Digital Commerce App , an issuer-branded mobile commerce solution that will allow financial institutions to customize and deliver their own branded mobil

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Visa Reduces Fraud At The Pump By 50+ Percent

PYMNTS

Gas stations offer a lot of benefits for card fraudsters. They’re unattended, which makes it easy (and even inconspicuous) for them to check out whether their counterfeit cards are alive and well and ready to use. Recognizing that problem for station owner/operators, in 2014, Visa introduced the Visa Transaction Advisor (VTA) to help these retailers fight back, especially given the anticipated lag in equipping fuel pumps with EMV readers.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Amazon Launches Digital Education Service

PYMNTS

Amazon has already done its part to disrupt one aspect of the educational industry by opening up the previously narrow textbook resale market. However, Amazon’s education division has even bigger plans for the classroom itself. Amazon announced Monday (June 27) that it had officially launched Amazon Inspire, a free digital learning resource platform intended to help teachers locate and leverage materials appropriate for every age level when designing lessons plans or during classroom activ

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Amex Gives Merchants EMV Chargeback Break

PYMNTS

American Express has announced changes to its EMV chargeback policy in order to ease the transition as merchants migrate their POS systems to be EMV-compliant. This move is aimed at helping merchants limit their fraud losses, and as of the end of August of this year, merchants will not be liable for counterfeit fraud chargebacks for any transaction under $25.

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The Changing Demographics Of The Grocery Game

PYMNTS

Until very recently, grocery was easily viewable as a static category in the United States. An extremely important one — since it is one of the few absolutely necessary categories that one can count on pretty much all consumers to spend in — but a fairly predictable one because of all that built-in necessity. Which meant for a long time much of grocery looked and felt very much the same.

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MasterCard Expands EMV Self-Certification Program

PYMNTS

It’s been a tough road on the way to EMV terminal deployment here in the U.S. The move has been complicated by the combination of most merchants getting a very late start to the EMV process – the Target breach was what many merchants considered their official starting line despite announcements by the card networks years earlier – and a complicated certification process that’s been tough for some merchants to navigate.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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FinTech’s Bright Future Marred by Hype

PYMNTS

Silicon Valley has the banking industry in its crosshairs. Hardly a day, hardly even a nanosecond, goes by without a VC, entrepreneur, or tech media pundit claiming that some Internet-something-or-other is going to take out the stodgy financial services industry. It’s even gone mainstream: Lesley Stahl’s breathless “60 Minutes” interview with the 20-something Stripe founders ends with the anchor exclaiming , “Oh!

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Walmart Wants To Add $250 Billion In US-Made Products By 2023

PYMNTS

Walmart wants to add $250 billion worth of Made in the USA products to its stores by 2023, an ambitious plan the retail giant says will add 1 million new American-based manufacturing and support jobs as well. Walmart held its fourth annual U.S. Manufacturing Summit at its Arkansas headquarters this week, inviting hundreds of companies, suppliers and entrepreneurs to discuss how it was going to find and support more American products and manufacturers and accept new American manufactured product

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How Long Will Bitcoin’s Price Boom Stick?

PYMNTS

Is bitcoin making a comeback? Oh, if we had a bitcoin for every time we’ve heard that question. Actually, that would be pretty difficult to calculate how much we’d actually have in real dollars since its price trend is so volatile. Every time bitcoin shoots above the $500 mark, the digital currency world starts buzzing about why bitcoin is here to stay and why it’s going to shoot above the $600 mark soon.

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First Data’s Bid To Go Beyond Payments Acceptance

PYMNTS

Mighty oaks from little acorns grow, goes the old saying. And, in payments, there are a slew of providers clamoring for the chance to get in on the ground floor with those little acorns so that – as they become those mighty oaks – they are able to ride the growth curve along with them. There’s only one problem: Many services providers who are great at catering to the little acorns can’t accommodate their needs on the way up to becoming the mighty oaks.

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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.