Sat.May 04, 2019 - Fri.May 10, 2019

article thumbnail

S&OP: the new era begins today

Anaplan

What if you walked into a company for a job interview and discovered that they were running their business with telegrams, rotary phones, typewriters, floppy disks, and dial-up Internet?

Sales 110
article thumbnail

Amazon Hit With Cyberattack; Money Stolen From Sellers

PYMNTS

Amazon was the target of an “extensive” cyberattack in which hackers stole money from merchant accounts and funneled them into their own, according to a report by Bloomberg. The attacks occurred between May and October of 2018. Amazon said the hackers compromised about 100 seller accounts, taking cash from either loans or sales and putting it into their own accounts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What Makes a Great Investor?

CFA Institute

What differentiates the Warren Buffetts and Peter Lynches of the world from the run-of-the-mill investor?

article thumbnail

Will Marketplaces Take Over eCommerce Completely?

PYMNTS

The world is becoming one big marketplace — even if the marketplace doesn’t always look like one. That’s not some ancient riddle updated for these roaring days of digital commerce and payments, but informed knowledge passed along by Adrien Nussenbaum, CEO and co-founder of Mirakl , during the latest edition of the PYMNTS Matchmakers interview series.

article thumbnail

Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

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

article thumbnail

Will The Stars Align For Facebook’s Project Libra?

PYMNTS

The news last Friday that Facebook has plans to launch its own global crypto-based payments rails is déjà vu all over again. Déjà vu because it was 10 years ago, in May of 2009, that Facebook launched the alpha version of Facebook Credits. Credits was a virtual currency and payments platform used to power in-app purchases on Facebook. It shut down in 2012, 15 months after its official launch.

More Trending

article thumbnail

FinTech Firms Tackle PCI Burdens With Hosted Checkout

PYMNTS

PCI compliance is top of mind for many organizations, with a burden and commitment from the chief financial officer (CFO) suite that is not nominal — and quite capital intensive. FinTech firms, however, are looking to lessen that work through their offerings: Modo , in one case, has a Modal component to its /Checkout product. “We allow a merchant to come in and offload their PCI requirements” by hosting the capture of sensitive data, Modo Chief Product Officer Ryan Lee told PYMNTS in an intervie

article thumbnail

How 45 Pct Of Old-School SMBs Plan To Innovate

PYMNTS

In today’s digital economy, with shopping as easy as the tap of a finger on a smartphone screen, brick-and-mortar retail businesses have no choice but to innovate to keep and grow their clientele. A large percentage of all retail businesses recognize this reality, but, in some quarters of the economy, the implementation of innovative technologies has been slow-going.

article thumbnail

WhatsApp Pay India Debut Targets Paytm Users

PYMNTS

With the digital payments market heating up in India as major players enter it, Facebook-owned WhatsApp Pay is expected to be a game-changer. According to a report in the Economic Times of India , since Facebook Chief Executive Mark Zuckerberg revealed in April that WhatsApp Pay is coming to India, the marketplace has been bracing for the latest entrance.

article thumbnail

Innovative Ecosystem Draws FinTech Firms To Toronto

PYMNTS

Toronto is a powerhouse for financial innovation in Canada: The city has the most sizable ecosystem for FinTech in the country, with 185 startups per one count. NorthOne , a FinTech firm that focuses on small business owners, is one of the companies that call the city home. NorthOne CEO Eytan Bensoussan told PYMNTS in an interview, “Our mission is to eliminate financial admin from the lives of small business owners.

article thumbnail

Live Demo - Supercharge your Month End Close

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

article thumbnail

Google To Launch Electronic IDs For Android Devices

PYMNTS

Google has announced that it is working on bringing electronic IDs to Android devices, according to reports. The company released the news on Thursday (May 9) on the last day of its developers’ conference. The digital ID card would replace an actual ID card but would work the same way, as Google wants it to be used in all “physical world transactions.

article thumbnail

Alipay, Adyen And Klarna Team Up For ‘Pay Later’ Option On AliExpress

PYMNTS

Three popular payment companies, Alipay, Adyen and Klarna, have teamed up to allow AliExpress shoppers to use Klarna’s “Pay Later” option for online shopping, according to a release. . The pay later option is enabled through Adyen, the payments provider behind AliExpress. With the new option, shoppers in the Netherlands, Austria, Finland and Germany can choose when and how they wish to pay.

article thumbnail

How APIs Safeguard Bank-FinTech Collaboration

PYMNTS

Open banking regulations like PSD2 are forcing many FIs to open up their data to third-party providers (TPPs), causing a wave of changes as its September launch date approaches. Changes are coming from elsewhere, too, with Australia mandating open banking by July and Israel working on an open banking API standard of its own. Nations where FIs are not required to provide data access to TPPs, however, may be wise to jump on the bandwagon.

Banking 74
article thumbnail

Walmart Pivots On Brazil eCommerce Strategy, Focuses On Physical Stores

PYMNTS

Walmart Brasil has announced it will shutter its eCommerce division in Brazil and focus on physical stores, according to a report by Reuters. The company said it plans to turn underperforming hypermarkets into brick-and-mortar wholesale stores. Wholesale has become more and more popular in Brazil as the country pulls out of a difficult recession. “The company is working in a new omnichannel strategy which will be later announced,” Walmart Brasil said in a statement on Friday (May 10).

article thumbnail

Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

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.

article thumbnail

New NACHA Rule Could Catch Payment Processors, Merchants, FIs Off-Guard

PYMNTS

Among the highest ideals for digital payments – driving innovation in transactions and customer experience – is, of course, the concept of seamlessness. That implies an ease of use while giving up nothing when it comes to security. Getting there is a long road with many twists and turns, with guidance provided not only by back-end technology but also by updated rules from organizations with a governing role across the payments industry.

article thumbnail

Why Accounts Payable Is The ‘Lost Child’ Of Finance

PYMNTS

All too often, firms eye their top lines and growth to the exclusion of most everything else — a mono-mindedness that can have negative repercussions. Operational pain points are often not addressed until they have to be addressed, then, because of that neglect, they suddenly require all sorts of investments in terms of time and money. So it is with accounts payable (AP), as Chen Amit, CEO of Tipalti , told PYMNTS in a recent interview.

article thumbnail

UK Gov’t Now Accepts Apple Pay For Some Services

PYMNTS

The U.K. government has now started accepting Apple Pay for certain online payment services. 9to5Mac reported that the government’s website is now accepting Apple Pay for four of its online services, including the Global Entry Services, the disclosure and barring service checks, the Registered Traveler Service, and the Electronic Visa Waiver Service.

article thumbnail

Hong Kong Issues More Online Banking Licenses

PYMNTS

The banking regulator in Hong Kong has issued an additional four online-only banking licenses to Ping An, Alibaba, mobile phone maker Xiaomi and a joint venture (JV) consisting of Tencent, ICBC and Hillhouse Capital. Reuters is reporting that this totals eight total licenses handed out by the government. The Hong Kong Monetary Authority, which handed out the licenses, expects the banks to launch in about six to nine months.

Banking 68
article thumbnail

Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

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.

article thumbnail

Why Citi Is Using Biometrics To Build Its ‘Security Perimeter’

PYMNTS

From company board rooms to airport boarding gates, the need for seamless authentication is putting biometrics front and center in varying use cases. With that shift, older authentication tools, such as physical tokens, are seeing a decline in use. The new Digital Identity Tracker highlights how biometrics is being embraced across a wide range of markets, including travel, financial services and enterprises.

article thumbnail

Iris-Reading USB Device Marketed As Unhackable Is Hacked

PYMNTS

The eyeDisk, a USB flash drive that claims to be unhackable, has been hacked by a U.K.-based cybersecurity firm called Pen Test Partners, according to a report by TechCrunch. The device raised upwards of $21,000 in a Kickstarter campaign, and the company behind it began sending out the devices in March. “With eyeDisk you never need to worry about losing your USB or the vulnerability of your data stored in it. eyeDisk features AES 256-bit encryption for your iris pattern,” the Kickstarter page

article thumbnail

Bump On The Road To National FinTech Charters?

PYMNTS

The suit can proceed. The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. Judge Victor Marrero, presiding over the U.S. District Court for the Southern District of New York, said the case can proceed, a ruling that denied a dismissal of the suit requested by the Office of the Comptroller of the Currency ( OCC ).

Banking 66
article thumbnail

Making The Case For Cash In Unattended Retail

PYMNTS

Vending machine operators have become increasingly attentive to the demand for swift digital payment options, and have benefitted from significant sales growth after enabling cashless payments. However, for the 8.4 million unbanked U.S. households, retailers that enable digital payments while dropping cash are less than convenient. Unattended retail operators are taking a fresh look at keeping cash acceptance on the menu to appease lawmakers who recently issued legislation intended to ensure the

Retail 64
article thumbnail

The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

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.

article thumbnail

What Happens to Tipping When Cash Disappears?

PYMNTS

A trip to a restroom, even in a restaurant in which customers tend to wear slacks instead of shorts, is a relatively simple and even boring affair (stick with us here; we have a point). With the spread of digital payments, one of the luxuries of those restroom visits is in danger of disappearing – another mark of how the ongoing decline of cash is changing a host of once common activities.

article thumbnail

Uber’s Bust(ed IPO) Of A First Day

PYMNTS

Call it a less than auspicious beginning. When the rubber met the road, when the trading actually became reality, Uber sputtered. To say the least. The fact is, a busted IPO is a busted IPO, and while one day of trading does not a trend make, it cannot be argued that Uber’s initial public offering was a triumph. The stock closed down 7.6 percent on the day — and curiously, the general markets, at least as measured by the Standard and Poor’s 500 Stock Index, were up (by roughly 35 basis poi

article thumbnail

Wells Ups Estimates Of Legal Losses To $3.1B

PYMNTS

Wells Fargo , the embattled national bank, is reportedly upping the money it may lose from legal actions, reported The Wall Street Journal. The report, citing the bank’s quarterly securities filing, said the bank expects the potential losses from legal actions stemming in part from its fake account scandal to be $3.1 billion as of the end of March. That is up from $2.7 billion through the end of 2018 and $2.2 billion through the end of September.

Banking 63
article thumbnail

As Uber IPO Approaches, Challenges And Anxieties Abound

PYMNTS

Here it comes, the big initial public offering (IPO) from Uber , a highly anticipated event set for Thursday (May 9). But there’s a lot to get through before it happens, including a possible strike, along with a reasonable level of concern about how investors will react, given the recent IPO history and experience with Uber’s smaller rival, Lyft. As PYMNTS readers know, the journey to the Uber IPO – set to be the biggest in payments history – also represents a significant, even historic, journey

article thumbnail

Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

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.