PYMNTS

SEPTEMBER 13, 2016

One year into the shift to chip-enabled cards — for the U.S., that is — Mastercard said on Monday (Sept. 12) that data shows a “ positive impact ” through the technology across stakeholders, including issuing banks, consumers and merchants. In reference to fraud — the very activity that the cards are designed to thwart — Mastercard stated that fraud data shows a 54 percent decrease in counterfeit fraud costs at retailers who have either completed or are close to completing EMV transitions, as me

Sales 92

Sales Retail Banking Technology 92

PYMNTS

SEPTEMBER 22, 2016

If recent emerging reports are accurate, the team at Yahoo is about to bring new meaning to the phrase “having a tough morning.” Yahoo is apparently on the verge of reporting a massive data breach of its service — a giant hack that has exposed the data behind hundreds of millions of user accounts. At this point, that is about all that is known on the hack: Several sources close to the situation were not able to say much more about it other than commenting on its scale and the fact th

Sales 87

Sales Accounting Securities 87

PYMNTS

SEPTEMBER 13, 2016

Apple is about to face opposition from a group of Seoul-based financial technology firms that are gearing up to file a complaint with the Korean Fair Trade Commission. According to a report , the financial technology firms are upset about Apple’s closed policy for the near-field communication functions of its iPhones. The financial technology firms in Korea , which include Hankook NFC, Kona I and Cashbee, and law firm Tech&Law reportedly held a meeting last week to hash out how to respond to

Transportation 84

Transportation Communication Technology Numbers 84

PYMNTS

SEPTEMBER 19, 2016

Meet the newest factory worker: the fraudster. In the latest iteration of the Meet The Fraudster Podcast Series, Forter fraud analyst Gilit Saporta takes PYMNTS inside another class of cybercriminals, those known simply as the “factory fraudsters.”. The name conjures up, as Karen Webster noted, rows of workers populating a literal factory floor, with activity humming day in and day out — in this case, on the prowl to lure merchants into fraudulent transactions for goods to be sent, yet no legiti

Construction 84

Construction Securities Marketing 84

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PYMNTS

SEPTEMBER 28, 2016

The retail industry is facing a virtual change: virtual reality. InContext Solutions announced it’s collaborating with Intel to develop new virtual reality (VR) hardware and software for the retail industry. The goal, a combined release said, is to provide the “best-in-class VR solution” and meet the changing needs of the retail ecosystem. VR does seem to be the next, almost futuristic phase of how we view the world.

Retail 84

Retail Manufacturing Construction Technology 84

PYMNTS

SEPTEMBER 30, 2016

Can the unbanked benefit from bitcoin, or are they merely the experimental subjects of bitcoin adherents, lobbyists and scientists? This week’s Bitcoin Tracker takes a look at the recent bitcoin projects that are in the news and that are targeting the unbanked. Bitso Eyes The Latin Market. The regulatory framework for bitcoin is a mess in Mexico, as it is in most countries, but Bitso, a bitcoin exchange startup, sees a future in Mexico and Latin America.

Currencies 82

Currencies Startups Banking Education 82

PYMNTS

SEPTEMBER 12, 2016

At this point, omnichannel isn’t anything new. Omnichannel is supporting payments across multiple channels, we got it. Though many merchants aren’t there yet (even though consumers are demanding they should be), the concept has become commonplace in today’s digital landscape. But ensuring that consumers are able to pay when they want, how they want and where they want requires more than making sure a transaction goes through.

Retail 81

Retail Education eCommerce Sales 81

PYMNTS

SEPTEMBER 15, 2016

Remember the days when innovation was developed in-house? With teams in a lab, at banks of computers or with focus groups? OK, that’s not ALL in the past, but these days, technology moves fast, and firms must move even faster to stay on the cusp of change and to keep consumers engaged. The rise of the developer portal has influenced and spurred input from independent software vendors (ISVs).

Nonprofit 81

Nonprofit Education Invoicing Accounting 81

PYMNTS

SEPTEMBER 26, 2016

Checks are a dying payment method, according to the Federal Reserve, except when it comes to rent payments. That may be about to change, however, thanks to full-service payment solutions that can accept credit card, debit card and mobile wallet rent, while rewarding tenants for paying rent on time. According to research from the Fed , the number of paper checks being used dropped by more than 50 percent between 2000 and 2012, as the use of new payment methods, like cards and mobile wallets, more

Retail 80

Retail Technology Securities Numbers 80

Speaker: James Kahler, COO of Full Course

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Planning

PYMNTS

SEPTEMBER 23, 2016

Internet of Things technology has been credited with saving people time and money in recent years, but potentially helping parents save their baby’s life? Sudden infant death syndrome (SIDS) claimed the lives of about 1,500 babies in 2014, according to the CDC , and is among some of the most serious concerns first-time parents may have for their newborn.

Manufacturing 80

Manufacturing Communication Technology Startups 80

PYMNTS

SEPTEMBER 19, 2016

Facebook is trying hard to stamp its ground in the mobile space. In March 2015, Facebook Messenger began accepting payments. This marked the first P2P payments system within a communication platform. Facebook hired Paypal’s David Marcus to lead the charge, and Forbes predicted that Facebook’s revenues from payments would soar. In 2010, Facebook offered Facebook Credits, with which users could buy virtual goods in games, and created a subsidiary to manage the payments.

Advertising 80

Advertising Communication Retail eCommerce 80

PYMNTS

SEPTEMBER 20, 2016

The payments industry is a fairly large pie, but the way things are currently set up is skewed to favor larger vendors and businesses — a $4 trillion industry in the U.S. alone. Of that $4 trillion pie, the U.S.’s 7.2 million small businesses make up about 26 percent of the overall payments industry but are responsible for 79 percent of its total fees.

Startups 80

Startups Accounting Banking Marketing 80

PYMNTS

SEPTEMBER 16, 2016

Latin America is making big gains in the realm of payments, but Mexico may just be the region’s standout star. The country has gone through its fair share of hardships — drug wars, government corruption and unpunished crimes, to name a few — but the tech ecosystem is defying the odds. In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we take a trip south of the border to explore the development of Mexico’s tech landscape and how it may actually be producing the next Silicon Valley.

Startups 79

Startups Investments Numbers Technology 79

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

Finance

PYMNTS

SEPTEMBER 27, 2016

New research from Zscaler highlights an online scam to obtain credit card information from Magento’s eCommerce platform. Over the last three months, hackers have compromised over 400 retail sites that run Magento. The hackers injected malicious JavaScripts into the sites, and users are taken to a fake payment page where their information is stolen after it is entered.

eCommerce 79

eCommerce Securities Retail Numbers 79

PYMNTS

SEPTEMBER 16, 2016

From now until 2020, the global Internet of Things is expected to grow at a CAGR of 36 percent. That’s according to a new report out this week. . While some believe the IoT is still in its infancy, PYMNTS continues to monitor this network through the IoT Tracker , sponsored by Intel, f ocusing on technology integrated into everyday objects and life.

Sales 79

Sales Technology Marketing 79

PYMNTS

SEPTEMBER 15, 2016

Big news on the cybersecurity front and great news for the cybersecurity industry. New York Governor Andrew Cuomo and the top bank regulator for the state proposed on Tuesday (Sept. 13) that the state be the first to require banks to establish cybersecurity programs. The regulations, if implemented, could cost banks and insurers millions, as banks would be forced to detect and deter incoming cyberattacks to protect consumer data by implementing systems under a chief information security officer.

Banking 79

Banking Construction Securities 79

PYMNTS

SEPTEMBER 19, 2016

Startups specializing in blockchain may have their eye on disrupting the $15 billion music industry. According to Forbes , the music industry stands to benefit greatly from the use of blockchain technology. In many cases, musicians have to go through deals with several intermediaries, such as record labels, publishers and distributors, in order to make their music available to the masses.

Startups 78

Startups Currencies Technology Planning 78

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Reconciliations

PYMNTS

SEPTEMBER 19, 2016

Regardless of the event, anniversaries serve to remind us of what happened, how far we’ve come and what lies ahead. As the payments industry nears the one-year anniversary of the United States’ transition to EMV, of course, it’s an opportune time to take stock of progress and what remains to be done. High on that list, Jeremy Gumbley, CTO of Creditcall, says is removing the masking tape that now covers the card slots of many of the upgraded EMV terminals that now grace merchant countertops.

Education 78

Education Retail Numbers Marketing 78

PYMNTS

SEPTEMBER 26, 2016

Gone are the days when bank robbers wore face masks and carried guns and dynamite to get into safes. Now, all they need is a comfortable chair and a PC. Earlier this year, cybercriminals stole $81 million from the Bangladeshi central bank, and they also stole the trust that the SWIFT global payments network had built with its 11,000 users. Payments networks must constantly find new ways to battle incoming digital threats.

Securities 78

Securities Banking Startups Retail 78

PYMNTS

SEPTEMBER 16, 2016

Research and Markets announced on Thursday (Sept. 15) the release of the “ Global NFC Transaction Market 2016–2020 ” report, which found that the NFC transaction market is set to grow at a CAGR of 55.23 percent during the period of 2016 through 2020. Based on in-depth market analysis and inputs from industry experts, Research and Markets said in a press release that the report covers the market landscape and its growth prospects over the coming years.

Marketing 78

Marketing Forecasting Securities Retail 78

PYMNTS

SEPTEMBER 14, 2016

The U.S. government seems to be accepting the positive impact that digital currencies and blockchain could have on legacy financial systems, according to Business Insider. A non-binding resolution was passed on Monday (Sept. 12) by the U.S. House of Representatives, asking the government to establish a national policy for technology. The resolution implies that bitcoin and blockchain technology are ways to help the unbanked and empower the consumer.

Currencies 78

Currencies Financial Systems Securities Technology 78

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Accounting

PYMNTS

SEPTEMBER 19, 2016

With the pressure of cybercrime mounting in the financial services space, several central banks of the globe are joining together to figure out a strategy. Reports on Friday (Sept. 16) said several central banks have confirmed the formation of a task force to explore cybersecurity of cross-border payments and banking to protect interbank transactions.

Banking 78

Banking Securities Accounting Planning 78

PYMNTS

SEPTEMBER 14, 2016

Retailers have been conditioned to think that fraud is simply an unavoidable cost of doing business. And, year in and year out, they factor into their budgets whatever percentage of sales they are comfortable writing off due to not only fraud but also fraud prevention, which has traditionally been strongly risk-averse and often blocks good sales, as well as fraudulent ones.

Retail 78

Retail Sales Budgeting Investments 78

PYMNTS

SEPTEMBER 12, 2016

Speed and aesthetics are the way to a consumer’s heart, it seems. A study by Dotcom Distribution, a logistics and fulfillment firm, found that close to 90 percent of online shoppers consider delivery times central to their decision to shop with an eCommerce brand in the future. Not only that, but almost 70 percent of online shoppers are willing to pay extra for same-day delivery if they are under a deadline, such as an anniversary or birthday.

Securities 77

Securities eCommerce Retail Marketing 77

PYMNTS

SEPTEMBER 16, 2016

With no Samsung-like news for bitcoin, prices are holding steady and are even a bit bullish. Pundits expect that trend to continue, unless the price goes below $600, when traders are advised to close long positions to prepare for an initial downside to $570. But let’s turn to the miners, who aren’t happy at all with a stable bitcoin price. The bitcoin block reward was halved in July, which has changed the profitability of new miner entries and could impact the decentralization of bitcoin.

Currencies 77

Currencies Concentration Securities Banking 77

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