PYMNTS
FEBRUARY 24, 2017
Is there an alternative, profound French phrase or two that can describe what investors have seen this week with bitcoin? Because “déjà vu” no longer seems to cut it. Bitcoin is quickly headed toward fresh three-year highs after jumping up over $100 in value since last week’s tracker. After breaking through the $1,000 mark (again) at the beginning of February, bitcoin decided to stick around.
Planful
FEBRUARY 21, 2017
When it comes to a smoother year-end close, the more seamless the monthly and quarterly closings are, the better. By establishing solid processes for monthly and quarterly closings, organizations can set themselves up for a smoother year-end close with a lower risk of surprises. It’s a Vicious Cycle – That Repeats. More often than not, the year-end close and reporting cycle is a stressful process that goes on for weeks or even for months.
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PYMNTS
FEBRUARY 24, 2017
Any industry dealing with sensitive information is subject to potential breaches. With practically every industry in the world having finance intertwined in it for survival, financial records may be one of the most vulnerable areas for virtual break-ins. As such, there will likely always be some form of a well-manicured security system in place. Blockchain technology keeps a high level of detail in its records of all financial transactions made.
PYMNTS
FEBRUARY 24, 2017
American Express is readying the launch of a corporate payments platform in India, reports said Thursday (Feb. 23). Amex will launch the Buyer Initiated Payment platform in India this week, a move that aims to help businesses pay their suppliers on time while still extending their capital float, according to reports. The platform is also a response to India’s recent demonetization and subsequent increase in demand for electronic payment solutions. “This will not only ensure complete
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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
PYMNTS
FEBRUARY 24, 2017
As hackers continue to advance their malicious tactics, it’s no surprise that increasingly sophisticated cyberattacks and fraud are costing business big time. In this week’s Hacker Tracker , Simon Ragona III, director of data forensics at T&M Protection Resources , joined PYMNTS to discuss if tapping international law can actually help to keep cybercriminals at bay.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
PYMNTS
FEBRUARY 24, 2017
Reuters reports that the nation’s securities watchdog is in the midst of mulling a “shortcut” that would offer some of the biggest tech firms in China a way to bring their shares public in a fast-tracked manner. In other words, they’d get to list sooner rather than later. And if they get sped to market, so to speak, they’d leap ahead of what the newswire termed “a long list of applicants” already in the offing for listing via exchanges, a heady number that tops 700.
PYMNTS
FEBRUARY 22, 2017
As the European Banking Authority (EBA) prepares for the Revised Payments Systems Directive ( PSD2 ) to come into effect next year, it has reportedly changed its tune on one aspect of the rules that led to widespread criticism among online merchants. Reports Tuesday (Feb. 21) said the EBA has agreed to relax proposed rules that would require more stringent customer authentication measures for online sellers after industry players raised concerns that the rules would lead to abandoned checkouts a
PYMNTS
FEBRUARY 22, 2017
The biggest retailer in the world showed some things a bit surprising Tuesday (Feb. 21). Speed. And agility. As in, the company is gaining traction in its bid to be a bit nimbler, a bit more digital and a bit more alluring to shoppers even in its brick-and-mortar locations. One quarter’s results do not a trend make, but earnings were better than expected at $1.30, a penny ahead of The Street, and revenues were just shy of expectations, at $130.9 million versus the $131 million that had been proj
PYMNTS
FEBRUARY 22, 2017
While buying someone a present is a nice gesture, more people today are looking for experiences over physical gifts to celebrate their birthdays or anniversaries. As such, this has brought on people taking more trips around the world. In combination with new experiences and the instantaneous gratification of smart devices, there is one company that’s taking these concepts to new heights.
Advertiser: Paycor
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.
PYMNTS
FEBRUARY 23, 2017
Artificial intelligence (AI) is becoming increasingly important for eCommerce companies, according to new data from ViSenze. AI technology startup ViSenze creates digital image search solutions built on deep learning and computer vision capabilities. Founded in Singapore in 2012, the company’s solutions are used today by major digital retailers such as Rakuten and ASOS to simplify product searching for some 250 million daily active users.
PYMNTS
FEBRUARY 24, 2017
This week’s voice-activated tracker is all about the banks, baby. In recent weeks, a number of financial institutions and FinTech providers have begun testing, introducing or adding upgrades to voice navigation functionalities for their banking customers. As these accuracy stats for language process and voice recognition continue to climb, expect that more banks will follow this industry trend — especially given that banking customers vie for faster, more convenient modes of navigating digital b
PYMNTS
FEBRUARY 22, 2017
There is some concern that widespread financial regulations like Basel III may lead economies to lose sight of FinTech innovation and overall economic growth. Corporates in particular are struggling with some of these financial reforms, according to research from the U.S. Chamber of Commerce released last year. Nearly 80 percent of businesses surveyed in that report said they have taken some type of measure to make up for the cost of compliance, with Basel III cited as having the greatest negati
PYMNTS
FEBRUARY 21, 2017
When a company is hit with a data breach that leads to the leak of consumer information, the event will make headlines. Not so much, however, when a breach results in the compromise of sensitive corporate data, like information on M&A plans or intellectual property. But according to a new report from KPMG and Forbes Insights, about a third of all data breaches result in the leak of corporate data. “Such attacks can be very impactful on the ability to execute business strategy,” e
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.
PYMNTS
FEBRUARY 20, 2017
While Nigeria has its fair share of financial issues, luxury rules supreme in the city of Lagos, a place where the rich and famous live, work and spend massive amounts of money on designer goods. There are even rumors that a Nobu will be opening at some point. As an article by Forbes detailed, when Nigeria’s wealthy want to spend, they often turn to the services of Polo Luxury.
PYMNTS
FEBRUARY 22, 2017
Amazon Prime members in Las Vegas will now be able to have food delivered in one hour or less from some of the city’s most popular eateries through the Amazon or Prime Now mobile apps or by visiting www.amazon.com/restaurants. The company announced yesterday that it will now allow its Prime members in Las Vegas to order from participating restaurants, browse menus, track the status of their delivery and watch as their delivery driver travels from the restaurant to their address in real time.
PYMNTS
FEBRUARY 24, 2017
Top enterprise technology companies have banned together to promote the digitization of Canadian businesses. Firms, including SAP, Amazon Web Services and Deloitte, have launched DXagents , an accelerator program that pushes businesses to embrace technology to become more globally competitive. Other members of the effort include Intel, CIO Association of Canada and others, and the partnership agreement will last for one year.
PYMNTS
FEBRUARY 23, 2017
For innovators and payments professionals, the good news about the world is also identical to the bad news: It is a constantly changing environment. But globalization has its discontents — Brexit, a change in the U.S. political administration, the uncertainties surrounding China and, more recently, Russia, to name but a few. This makes the issues surrounding the secure movement of money across borders more complicated — some say more daunting, maybe even more expensive — but a massive opportunit
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.
PYMNTS
FEBRUARY 22, 2017
For Fiserv, a focus on financial services innovation means a focus on the end-user experience. As a company that works primarily with other financial institutions to offer solutions for their own customers, both consumer and corporate, Fiserv has a wide reach in the FinServ space. Last year, the company won not one but two awards at the PYMNTS Innovation Project 2016 Awards, nabbing Gold for Best Check Innovation and Gold for Best Debit Innovation.
PYMNTS
FEBRUARY 21, 2017
As they say in the pizza business, when it rains, it pies. Every time it rains in San Francisco, Papa John’s has a problem. Pizza orders skyrocket, but there just isn’t enough staff to deliver the pizzas. And hiring staff is costly and time-consuming. Meanwhile, customers await deliveries… Papa John’s solution? Hire gig workers. And Papa John’s isn’t alone.
PYMNTS
FEBRUARY 23, 2017
If you’ve ever watched a sci-fi movie set in the future, then you may know that pop culture has long fantasized of an automated future. . As it turns out, fiction is rapidly becoming reality (depending on which film or show you’re basing it on). According to recent research, 50 percent of the world’s current jobs could be automated within the next 40 years.
PYMNTS
FEBRUARY 21, 2017
Faster is better when it comes to payments — but only if with speed comes surety. For financial institutions and merchants, validating transactions in real time can be a boon, eliminating returns or declined transactions. In last year’s NACHA Challenge Awards , a team competition that fosters payments innovation, Royal Credit Union earned the Audience Choice Award by proposing an API that lets companies validate consumer accounts in real time.
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.
PYMNTS
FEBRUARY 24, 2017
When we think of royalties, we think of Beyoncé and piles of cash accumulating in bank accounts as the latest hot single racks up airplay and downloads. But the reality is different. If music is an ancient pursuit, the pursuit of royalty checks follows close behind. And the latter pursuit is, indeed, marked by archaic paper-chasing. Late last year, Hyperwallet announced a partnership with USA Media Rights, a music and media rights company, with the hope of improving the process of delivering roy
PYMNTS
FEBRUARY 20, 2017
Worries over security concerns have prevented digital payments from taking off in Japan, but that is starting to change with Japanese smartphone owners indicating interest in mobile payments. According to a report , a survey of smartphone users in Japan conducted in October by Hakuhodo, a Japanese advertising firm, revealed that greater than 31 percent of respondents wanted to consolidate their different payment functions on their mobile devices.
PYMNTS
FEBRUARY 24, 2017
With the payments-powered platform space constantly evolving as new technology and customer demands impact the market, providers are finding strength in numbers and forging new partnerships and relationships in order to offer the most complete solution possible. Recently, BluePay and Datacap debuted a new partnership that will certify BluePay devices for U.S.
PYMNTS
FEBRUARY 24, 2017
The way FinTech adoption goes, it’s usually the consumers who first jump onto a new technology, and corporate users typically follow later. Mike Carter, chief marketing officer for D3 Banking , doesn’t expect that pattern to be disrupted when it comes to the adoption of voice recognition technology, like Amazon’s Alexa personal assistant.
Advertiser: GEP
“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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