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Uphold isn’t a bank, and it’s aiming to disrupt the traditional financial services industry. But traditional FIs are an essential partner for the firm. Last week, Uphold announced a partnership with India’s IDFC Bank, a move that allows Uphold’s business and consumer customers to conduct cross-border transactions to and from the home of the world’s fastest-growing economy.
Merchants have a lot going on these days. The EMV liability shift just hit the six-month mark , the force of mobile continues to strengthen, and industry players are shape-shifting their business models all while authenticating consumers just keeps getting more complex – and that’s the tip of the iceberg. As Merchant Link CIO Scott Carcillo pointed out during a recent sit down with MPD CEO Karen Webster to discuss what’s happening in the world of merchants and how they’re overcoming the challeng
Perhaps put in a litigious mood by the lawsuit recently filed against her and her sisters, Kourtney and Khloé, by Hillair Capital Management for the trio’s alleged failure to promote the “Kardashian Beauty” makeup line — and/or worried that she’ll need to bring in some extra money to pay for the $180 million in damages being sought therein — Kim Kardashian West has gone on the legal offensive in a completely unrelated manner.
Bank of America just took a major step toward extending its mobile banking services to a growing base of millennials that are steering away from traditional banking. The bank announced its collaboration with Facebook in which it is developing new capabilities that would allow its customers to stay connected with the bank on Messenger. The announcement comes on the heels of Facebook’s F8 conference, where the tech giant revealed details on its plan to commerce-enable its Messenger app via
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
It deserves to be said — before jumping into the speculation well about Apple’s future with Tesla — that there is perhaps something a bit silly about jumping to endgame planning on the basis of a single quarterly earnings result. Apple may have posted its first negative sales result in 13 years, but it does at least bear mentioning that it was a pretty impressive streak that probably was, logically speaking, going to have to end one day.
“Open Sesame” was the magical phrase that a poor mythical woodcutter named Ali Baba uttered to open the door of a secret cave in which 40 thieves had hidden bags of gold. The power of his voice, and using the right words, gave him access to that fortune, and changed his life forever. Here at PYMNTS, we think that it’s quite possible that the future of payments and commerce lies in the power of the spoken word, too.
“Open Sesame” was the magical phrase that a poor mythical woodcutter named Ali Baba uttered to open the door of a secret cave in which 40 thieves had hidden bags of gold. The power of his voice, and using the right words, gave him access to that fortune, and changed his life forever. Here at PYMNTS, we think that it’s quite possible that the future of payments and commerce lies in the power of the spoken word, too.
Refund.me aids consumers in recovering money from a refund and champions consumer rights, but the refund.me Group is now entering into the space of protecting corporates and their business travelers. The company announced on Friday (April 8) that it is introducing Business Solutions, a unit of the firm that acts as a B2B online platform to help business travelers recover funds by automating the refund claims process.
Too bad for Andrew Jackson that the musical about his life wasn’t nearly as popular as the one about Alexander Hamilton. CNNMoney reports that a groundswell of support to keep Alexander Hamilton on the $10 bill — much of it bolstered by the phenomenal success of the hip-hop Broadway musical “Hamilton” that opened last summer — has compelled Treasury Secretary Jack Lew and the U.S.
There is an ancient piece of wisdom that dictates one should either go big or go home, and according to recent reports, Stuart Sopp has no intention of going home. Instead, he is looking for the firm he founded — Current — to become the first digitally native global bank. Big dreams, especially for a firm that is currently acting as a money transfer service for Slack , a workplace (and increasingly small group) messaging service.
How does eBay’s Hal Lawton, head of North America, feel about the company’s sellers? Fondly might certainly be a word to describe it. After a recent appearance as the keynote speaker at the Catalyst Americas 2016 conference in Las Vegas, Lawton summed up his perspective on that group — and offered insight into the future of eBay and eCommerce in general — in a guest post for the ChannelAdvisor blog.
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
In January of this year, I wrote a piece in which I said there were six things that would shape the direction of payments and commerce in 2016. Third on that list was “contextual commerce.”. I argued that making buying seamless inside of environments that consumers used regularly for other reasons would drive innovation for those environments —and for the third parties that enabled those new commerce experiences.
The EMV numbers tell a compelling story. In the six-plus months since the EMV liability shift deadline hit the U.S. payments market, the continued momentum of EMV adoption has surprised just about everyone. As part of its six-month EMV checkup , MasterCard said that more than two-thirds (67 percent) of its branded consumer credit cards in the U.S. have chips in them and that roughly 1.2 million U.S. merchant locations now accept chip cards.
Until about a couple of weeks ago, bots were mostly thought of as the last four letters of a word that began with “ro” and a concept that even Alphabet decided might not be ready for prime time. Well, that is unless you’re in Japan where robots – dinosaur robots to be precise — are now acceptable substitutes for hotel reception staff. Who knew — the next big thing in hospitality, checking in via raptor.
Ford is soon launching its new FordPass platform that, according to the company’s website, comes with a pretty big ambition: to “empower” consumers to “rethink the way [they] move.”. And not through fancy new cars with 435 horses under the hood, but instead “through a collection of personal, digital and physical solutions.”. FordPass is an app-based platform intended to assist users with mobility, through a series of solutions for everything from parking to unlocking a user’s car and diagn
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
It’s official. Since the cutover to EMV in October, fraudsters have moved their business online. And we can tell you just how much. The Global Fraud Index, a PYMNTS and Forter collaboration , shows that online fraud attacks have jumped by 11 percent since the shift. Digital goods retailers have suffered the worst of all as those merchants (think games, songs, movies) have seen a more than 300 percent increase in fraud attacks since the liability shift.
The biggest firms in the nation are gearing up for same day ACH payments – an eventuality that could hit in September of this year. As reported by NACHA, the electronic payments association, the readiness was disclosed in a survey that had been conducted by the association, with the two strongest use cases identified across same day ACH. Firms are looking to use ACH across payroll and B2B functions.
Meeting the consumer where they are. That’s the mantra of innovators everywhere. It’s what’s turned the retail word upside down as consumers with their mobile devices have decided they’d rather buy from their couch with their mobile phone than schlep to the mall. It could also be what could transform what used to be called the “unattended” or “vending” industry.
Crowdfunding may be a stylish way for a business to get off the ground, but the crowdfunding model can play into small business finance in other ways. Kickfurther is one company that takes the model of a marketplace lending platform, allowing investors to finance a company against outstanding invoices and inventory. Now, one leading venture capitalist is supporting Kickfurther’s business model.
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
When it comes to fighting fraud in payments , one thing is very evident: It can’t be done alone. That’s why there’s more and more partnerships forming everyday across the ecosystem. And why more and more companies are rushing to implement solutions to fight fraud. In fact, as cited by TYSY in a recent report about managing fraud and how to prepare for the 2016 alerts requirements, there’s been a 40-percent decrease in incidents of fraud when cardholders monitor transactio
Can the data trapped in “Digital Exhaust” – like online and social media data – be used to validate identity and predict fraud? Socure sure thinks so. And it has the data model to prove it. Suppose you could build a model that would help financial institutions of any kind fill in those gaps with online and social data that could make thin files thick without increasing their risk?
A joint venture from VirtusaPolaris and IT consulting firm WorkFusion is looking to give the banking and financial services sector a boost through robotics and automation. The collaboration , revealed Tuesday (April 26), is reportedly targeting FIs’ outdated tools and systems to jumpstart the sector’s ability to operate in the modern market. “Most financial services organizations continue to struggle with inefficient legacy systems that have not kept pace with the change in business and regulati
For a while, body weight was the best factor for determining physical health. Somewhere along the way, body mass index took over the preferred spot. But now that BMI has been discredited, too, perhaps a more holistic way of looking at oneself might work? That’s the mission behind Naked Labs, which announced on Thursday (April 14) that it’s releasing what it calls “the world’s first 3D fitness tracker for consumers.” Essentially a full-length mirror and rotating pla
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Craigslist is a remarkable living time capsule of the Internet Age — not only because it looks like it still runs off a Geocities template but because its business model hasn’t changed to any great degree since it started. What goes up must come down, though, and Close5’s 7 million app downloads may give Craigslist something to worry about.
The jobs picture in the U.S. is less than inspiring, according to new figures released by Challenger, Gray & Christmas yesterday (March 31). According to the report, the good news is that layoffs were down nearly 22 percent from February. The March total of 48,207 layoffs is the lowest since December 2015. The bad news is that the totals were up 32 percent from the same time in 2015, making last month the fourth in a row in which the year-over-year total has increased.
Visa has set an Oct. 14 date for having all issuers provide consumers with Purchase Alerts on all on and offline Visa transactions processed through VisaNet (GPR and commercial cards are excepted). PYMNTS asked Mark Nelsen, SVP of Risk Products and Business Intelligence at Visa, to give us a little insight and a few answers to the questions that we’ve been getting about this service.
[link]. Real-time access to data is important for many reasons but perhaps never more important than being able to make a quick — and accurate — decision about whether a customer applying for a loan is legitimate or fraudulent or about whether a borrower should be offered Loan A or Loan B based on their credit score. Access to real-time data analytics can have the power to change the way these types of decisions are made, making it no surprise that businesses are seeking real-time decision-makin
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
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