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Will discount grocery stores like ALDI, Costco and Sam’s Club soon be facing some serious competition? Well, that’s what LogicLane , a new startup that offers discount wholesale groceries on its eCommerce marketplace, is certainly hoping. LogicLane recently opened its online marketplace to consumers and businesses after first beta testing it with an invitation-only period and can now connect customers to everything from a box of cereal to an entire pallet of cases of cereal boxes (the company is
Are you ready to upgrade to a cloud-based EPM solution that can help you spend more time on value-added analysis and less time on data collection and fixing Excel errors? Are you wondering how best to make the business case to your company for investing in a cloud-based planning or reporting solution? Reducing Reliance on Spreadsheets for Budgeting, Planning, and Reporting.
Who isn’t familiar with rewards programs that incentivize consumers to become more eager c ustomers? But one company has devised a rewards program that aims to go even further. Gregory Simon, CEO of “The Internet of Loyalty” platform provider, Loyyal Corporation, recently checked in with Karen Webster to discuss the company’s work with the Dubai government on the Dubai points program — a tourism incentive program that is expected to roll out in August 2016.
The search for inflation hedges and stability of purchasing power in a world of hyperinflation has led some in Venezuela to turn to the digital currency known as bitcoin. The state of “economic emergency,” as it has been termed by some observers and officially by President Nicolás Maduro, is so acute that the International Monetary Fund has estimated that the inflation rate could be as high as 480 percent this year and grow to as much as 1,640 percent next year.
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
Anonymous is the name of bitcoin’s game. But Europe might like to make it less so. T he European Commission would like to create a central database of digital currency users to prevent terrorist financing and money laundering – for the obvious reasons. The regulators there would like to establish a central database by June 2019 whereby, “obliged entities need to collect, process and record personal data, and sometimes to share such data with public authorities (such as FIUs) or with private
The three largest banks in Australia – National Australia Bank, Commonwealth Bank of Australia and Westpac Banking Corp – have partnered up to lodge an anti-trust application with regulators in an attempt to collectively negotiate with Apple over whether or not their own in-house electronic payments apps can be set up to run properly on an iPhone.
The three largest banks in Australia – National Australia Bank, Commonwealth Bank of Australia and Westpac Banking Corp – have partnered up to lodge an anti-trust application with regulators in an attempt to collectively negotiate with Apple over whether or not their own in-house electronic payments apps can be set up to run properly on an iPhone.
A tech startup called Flirtey has beaten Amazon’s ambitious drone delivery efforts by making the first U.S. drone delivery to a customer’s home, according to TechCrunch. And what did it deliver? Slurpees from 7-Eleven , apparently. OK, the delivery also included a chicken sandwich, donuts, coffee and some candy. But if we had drone delivery service , we’d probably order a Slurpee right now, too.
Invoice mistakes are costly. For many organizations, errors across the accounts payable and accounts receivable processes can range from mismatched data between invoice and purchase order to misstated prices, often attributed to manual data entry. And for most businesses, these errors lead to time and money spent on the resolution process. Other times, misinvoicing is the work of cybercriminals against individual firms.
Because many nonprofit organizations fundraise at fairs, races, roadside stands and other on-the-go locations, cash has long been their only acceptable method of payment. As a growing number of consumers abandon paper currency for cards and digital solutions, however, many charities are looking to cash in on more advanced payment methods. This means expanding beyond their cash-only roots.
As the old saying goes, “virtue is its own reward.” These days, though, it seems like shopping itself may be its own reward. Businesses of all kinds are racing to reward customers for their loyalty with gift cards, sales and other offers. But businesses aren’t the only ones looking to reward customers. Often, it’s also friends and family members wanting to present tokens of appreciation.
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.
Venmo, the PayPal-owned company that started out enabling payments person to person, moved several new features out of beta on Tuesday (July 26), opening them up to all Venmo users. Venmo said in a blog post that the new feature, which it had been testing for about six months, will enable its customers to conduct transactions and share the bill on the apps of participating stores.
Credit card fraud complaints in the U.S. saw the biggest increase in 10 years in 2015, with the number rising by 41 percent. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. The significant jump in complaints, also a record number for complaints submitted to the Federal Trade Commission, are predicted to worsen in the future.
It’s official. Mobile is a shopping force. UPS’ Pulse of the Online Shopper Survey found that 44 percent of online purchases are made on smartphones. It’s also problematic. Mobile is setting the bar for all of the omnicommerce retail experiences to follow. Yet mobile phones are but one of many omni-endpoints that a merchant must be prepared to support in an increasingly tech-driven consumer-centric shopping experience.
Credit cards come in all sorts of flavors, from low interest ones to cards that reward you for shopping or traveling. But while variety is the spice of life, a new survey by Citi finds new credit card shoppers largely care about one thing: the rewards. In a report looking at the 2016 Citi Cards Consumer Perspectives Study, Citi found 67 percent of survey respondents said having a rewards program is the biggest reason to choose a specific credit card.
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.
It may seem like ages ago, but back in 2009 the iPhone, along with other fast-moving technologies, was taking the world by storm and changing various industries in its wake. That same year, MoneyGram CEO Alex Holmes was just settling into his new role as senior vice president of Corporate Strategy and Investor Relations. MoneyGram, a long-standing fixture in the money transfer and remittance landscape, was, at that time, a largely physical network.
LVMH (Louis Vuitton Moët Hennessy ) and G-III apparel have come to a final agreement on Donna Karan International, parent firm of both Donna Karan and DKNY. The transaction’s total values will clock in at $650 million with customary adjustments at closing. The deal is expected to be done by the end of 2016 or by early 2017. This marks the second big sale in LVMH’s nearly 30-year history, the first being the sale of Christian Lacroix in 2005.
Elo , the Brazilian card brand, announced on Tuesday (July 26) it has conducted its first transaction outside of the country. The transaction with the Elo card was in the U.S. on the Discover Global Network , and the company said it shows the card is being accepted in the U.S. “Brazilians continue to increase their international travel, and we are excited to help them make purchases while traveling in the U.S. and elsewhere throughout the world,” said Diane Offereins, president of payment servic
When asked to name a cutting-edge automotive innovator, most consumers won’t immediately point to Buick. But now, the brand – more often associated with nostalgia than innovation – is looking to change that through the power of IoT. For July’s Internet of Things Tracker, PYMNTS caught up with Dave Spencer, Buick’s Advertising Manager, and Rick Martinek, Senior Marketing Manager for Global OnStar, to discuss the venerable automaker’s connected car endeavors.
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.
The final gate has been cleared for the Ahold-Delhaize Merger, as the FTC has officially signed off on the deal that will create the fourth largest grocery company in the United States. Delhaize, the current owner of Food Lion (among other grocery chains); and Ahold, current owner of Stop&Shop, completed the $29 billion merger shortly after receiving regulatory clearance by the FTC.
Fraudsters have come a LONG way. If you have an image in your head of the solitary hacker sitting in a dark, dingy basement typing away at a computer, then think again. The cybercriminals of today are organized, collaborative, motivated and tend to look and operate more like any business professional out there working today. Don Bush , VP of Marketing at Kount , recently joined Karen Webster for a live digital discussion on what fraudsters are up to these days and how they perfect their trade.
If you’re a retailer or a brand, it seems as though eCommerce and the rise of smartphones and mobile shopping have made your customers more cost-savvy and price-aware than ever before. Very few consumers want to pay full price for an item any longer, and there are plenty of off-price and off-brand sellers and third-party retailers lining up to get them those deals, both online and at brick-and-mortar stores.
Ireland’s tech community is on the rise, with Dublin standing at the epicenter. As established tech giants continue to set up shop in the city and homegrown startups flourish, it’s no wonder Dublin has been named a contender in the race to be Europe’s post-Brexit tech hub. In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we find ourselves back in Europe to take a look at what Dublin, Ireland, has to offer and if the city has what it takes outshine the competition for being Europe’s
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.
The U.K. alternative lending space is broad, with new entrants frequently stepping in. According to data from the Liberum AltFi Volume Index U.K. , marketplace lending in the country hit £286.7 million (about $377.3 million) worth of loan originations in the month of June alone. It represents a 32.4 percent growth from June 2015, the third-largest monthly growth spurt recorded on the index.
Any retailer who has not already invested heavily in a mobile-friendly interface and in-house app might be wishing they had. Demandware, an eCommerce software provider, claims that “ mobile-first” is long gone, and we are now “on the fast track to mobile-only.”. Demandware’s latest data shows the power of mobile , and the numbers don’t seem to imply a passing fad. 300%| The increase in revenues from mobile shopping in the last three years. 85% | The increase in the use of an in-house app
While computer breaches and malicious emails are commonplace online, when it comes to bitcoin, it can also be dangerous offline in the real world. According to a report , a man in Florida was allegedly robbed at knifepoint while trying to sell $28,000 in bitcoin. The 32-year-old resident of Lake Worth, Florida, Steve Manos, set up a meeting with two people in West Palm Beach to sell the bitcoin for cash.
A recent study reveals that smartphones narrowly beat computers as the top eCommerce traffic source in the first quarter of this year, as reported by Bloomberg. According to the study by eCommerce software provider Demandware, smartphones accounted for 45.1 percent of Web-shopping traffic, besting computers at 45 percent in the first quarter of 2016.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
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