Sat.Oct 06, 2018 - Fri.Oct 12, 2018

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Hackers Steal Alipay Customers’ Money Via Stolen Apple IDs

PYMNTS

Alipay , the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. Reuters , citing Ant Financial , the payment affiliate of Alibaba, reported the Chinese company said the issue hasn’t been resolved even though it reached out to Apple already. In a post on its Toutiao social media account, Reuters reported it said users who linked their accounts via Apple IDs should lower their transaction limits.

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Dreamforce, the Force Majeure: A reminder of the importance of planning

Anaplan

The French term “force majeure” describes an irresistible force or overwhelming power. Dreamforce, Salesforce’s annual user conference, has become just that.

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Bitcoin Miners Fail To Make A Profit Despite Surge In Revenue

PYMNTS

Bitcoin miners have around $4.7 billion in revenue in 2018 — but because of the cost of electricity, miners are failing to make a profit. TheNextWeb , citing blockchain research firm Diar , reported that based on the data, this marks the first time cryptocurrency mining businesses aren’t making money off their bitcoin mining efforts. According to the report, as it stands, bitcoin miners make 54,000 BTC each month for processing the mining blocks.

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Pundi X CEO On Dialing Up Digital Payments, Calling Up Blockchain Phones In Dubai

PYMNTS

A small test market could be ground zero for seismic changes in commerce and payments — and now possibly for cryptos. Consider Dubai, a city in the United Arab Emirates (UAE), home to 3 million souls. That’s a third of Manhattan’s population, if one is keeping score. It’s a self-proclaimed blockchain city. Dubai is gearing up for payments via digital coin through a concerted effort between the government and blockchain payments provider Pundi X , with hardware rolling out and a state-created cry

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Key Areas Of SMB Finance Show Need For Improvement

PYMNTS

The latest rundown of small business (SMB) finance research uncovers key areas for improvement: Younger small business owners are more often relying on personal credit cards for business purchases, paper remains a staple in the finance department, and, while small business loan delinquency rates overall remain stable, research showed several industries in which they rose last month.

Finance 78

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Furnishing The Mobile Lifestyle, Sharing Economy-Style

PYMNTS

Michael Barlow has called several places home: He has moved five times in seven years and lived with different roommates. But through his experiences, he didn’t have the furnishings that he wanted. “I never actually bought nice furniture,” Barlow, CEO and co-founder of Fernish , told PYMNTS in an interview. “I never actually had an inspired home experience.”.

Retail 77
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Amazon Employee Fired Over Customer Email Addresses

PYMNTS

Amazon revealed that it has fired the employee responsible for sharing customer email addresses with an outside seller on its platform. According to the Wall Street Journal , the eCommerce giant said it had identified and fired the employee, and that no other customer data was disclosed. In addition, the seller who received the email addresses was blocked from selling on Amazon.

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Brighterion CEO: How AI Can Stop Criminals Who Win By Gaming Banking Rules

PYMNTS

There is much to be shocked by in the unfolding Danske Bank money laundering scandal, such as the simple amount laundered through the Estonian branch of the Denmark-based bank — $234 billion at current count, roughly the size of the entire Danish economy — or the fallout from the event, including the bank’s CEO Thomas Borgen stepping down in connection with the scandal and investor confidence evaporating.

Banking 76
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Why Bank Security Is About More Than Preventing Attacks

PYMNTS

The world can be a scary place these days, especially for banks. According to recently released reports , fraudsters are continuously targeting big U.S. banks, and these attacks are increasing in both frequency and sophistication. Now, security providers and financial institutions (FIs) are working to stop them from impacting banks’ assets and customers by turning to new, emerging technologies like artificial intelligence (AI) and machine learning (ML).

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Ninth Wave On Making Open Banking An Easier Pill For US Banks To Swallow

PYMNTS

It’s no surprise the financial service industry’s move toward open banking may not be the most favorable trend among banks. With data considered under ownership of the customers and not the bank, financial institutions are exposing themselves to market competition, security risks and other threats in the name of enhanced customer service and choice.

Banking 76
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Earthport Named By BNP Paribas To Provide ACH Cross-Border Payment Services

PYMNTS

Earthport , a global payments company, announced Thursday it has been named by BNP Paribas to provide Automated Clearing House (ACH) cross-border payment services. In a press release , Earthport said that BNP Paribas Fortis, a subsidiary of BNP Paribas and Belgium ’ s largest bank, with annual revenues of €43 billion, will be the first to deploy the services.

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Report: 64 Percent Of Countries Have Money Laundering Risk

PYMNTS

Amid the headlines detailing the billions of dollars in money laundering done through conduits like Danske Bank and Deutsche Bank, among others, a report shows that the problem is a global one — and that it is getting worse. Certainly the topic is a timely one, and here we delve into why the current anti-money laundering (AML) system and standards in place are less than optimal.

Finance 75
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Koble Reflects On What Trade Disputes Mean For B2B Matchmaking

PYMNTS

Understanding who one is doing business with is the first step to mitigating a myriad of risks, including non-compliance, non-payment, violated contracts and more. For decades, business partners have gathered at in-person meetings, conferences and networking events to do business, with the physical business card hand-off as a vote of confidence in a potential new client, service provider or vendor.

B2B 75
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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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GIACT On Why Faster Payments Don’t Have To Mean Faster Fraud

PYMNTS

For all the buzz about the advent of real-time payments, and the various opportunities it can reportedly unlock, the lingering uneasiness is that speed also brings the potential for more fraud. That fear, according to David Barnhardt, EVP of product at fraud prevention firm GIACT , is not unwarranted or unreasonable. In fact, he said, it’s very much Payments 101 — where there is increased speed and less of an opportunity to respond to that fraud, banks could be more vulnerable.

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How Something Navy Became Nordstrom’s First Influencer-Created Private-Label Brand

PYMNTS

Like most innovators, Arielle Charnas was looking to solve a problem when she launched her fashion blog – it just wasn’t a fashion problem. It was a boy problem: Namely, she was trying to impress an older guy she was seeing who had said the thing he found most appealing in a woman was entrepreneurship. Charnas, based on a tip from her sister, decided to start a fashion blog in 2009.

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NEW DATA: Why 40 Percent Of Online Consumers Want Better, Faster Data Security

PYMNTS

Whether they’re shopping on their phones or the web, consumers want to be able to do so in a fast, easy way. So, when it comes to accessing their accounts to shop online, the way they are authenticating needs to be a footnote at best. That’s not to say consumers don’t want top-notch security, according to the PYMNTS Digital Identity Lifestyle Capsule , a Socure collaboration.

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Bitcoin Daily: Digital Currency Thefts Approach $1B; Crypto Space May See 120 New Hedge Funds By Year End

PYMNTS

CipherTrace noted in a report that digital currency theft has nearly topped $1 billion over the first three quarters of the year at $927 million, Reuters reported. By contrast, crypto thefts from exchanges only reached $266 million for all of last year. The firm also indicated that smaller thefts between $20 million and $60 million were growing, and reached $173 million for the third quarter.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Will Snapchat Get Snapped Up Or Snap Back?

PYMNTS

Snapchat , according to recent reports , is having cash flow troubles. The app that got famous for its disappearing messages is looking like it will either need to raise a some capital by sometime in 2019 or run the risk of going broke, according to a note by MoffettNathanson. “While it is obvious that Snap wasn’t prepared for life as a public company, it now has a more pressing problem.

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American Express Launches Early Pay For Faster Supplier Payments

PYMNTS

American Express is introducing a new solution to accelerate B2B payments to suppliers. In an announcement Thursday (Oct. 11), American Express said it is launching Early Pay, a combination of supply chain finance and early payment discount capabilities. Designed for large U.S. companies procuring from U.S.-based suppliers, Early Pay links vendors to an online platform to have their invoices paid before their due dates for an early payment discount.

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Today In Data: Writing New Rules For New Risks

PYMNTS

The world is a rapidly changing place for payments – consumer payments, B2B payments , cross-border payments. We are very much not in Kansas anymore when it comes to moving funds, and the old rules don’t work nearly so well in digital Oz. Consumers want to be safe – a trick in and of itself in a world where fraud and cybercrime are endemic. But they don’t want to be safe at the cost of being grossly inconvenienced.

B2B 71
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Fake IDs And Fraud’s Other Face

PYMNTS

The headlines come fast and furious — the numbers are staggering. The drill is well-known now, with a litany of familiar names amid data breaches. Equifax and the 143 million victims of a massive hack here in the States stands as a landmark. Card data stolen from millions of department store customers? A story told too often. And, of course, Facebook is now a household name in a less than savory field: data harvesting.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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Bitcoin Daily: Venezuela Requires Crypto Payments For Passports, Seoul To Create $108M Blockchain City

PYMNTS

In Venezuela, citizens reportedly now need to use the country’s new Petro digital currency to pay for passports, Coindesk reported. A new passport will now come at the cost of two Petros, which is equivalent to 7,200 of the country’s bolivar currency. President Maduro Petro officially rolled out the Petro last week, but the cryptocurrency had been available for pre-sale earlier this year.

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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. As reported, the social media giant was hacked through a vulnerability in the Facebook source code, which gave the attackers the ability to steal access tokens, which they in turn used to keep Facebook subscribers logged in.

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TransferMate Partners With AccountsIQ To Streamline FX Payments

PYMNTS

B2B payments company TransferMate Global Payments has announced a partnership with AccountsIQ , which will enable its customers to access preferential FX rates for payments through an automated solution within the AccountsIQ system. TransferMate, which is partly owned by AIB and ING Group , has built one of the largest portfolios of payment licenses in the world, partnering with banks, FinTech firms and software providers to offer its clients better exchange rates, lower bank charges and improve

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Amazon Rolls Out Two New Doorbell APIs

PYMNTS

Amazon announced Friday (October 12) that it launched new doorbell APIs for smart home cameras and doorbells. In a press release , the company said that by releasing new doorbell APIs, developers can create new scenarios in home automation and monitoring. “By updating your smart home skill to use either or both of the new Doorbell Event Source and Motion Sensor APIs, you can enable your customers to connect their doorbell press and camera motion sensors to Alexa,” wrote Amazon.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.