Sat.Apr 01, 2017 - Fri.Apr 07, 2017

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Technology Safeguarding The Age-Old Practice Of Financial Data Sharing

PYMNTS

The approach to financial services for consumers and businesses is quite vast, but across the spectrum, access to and management of financial data is a critical component. Today, APIs have become a popular way for banks to share this financial data with other services and have given rise to more possibilities for FinTechs in how they meet their customers’ needs — and more debate about the security of such facilitated information-sharing.

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Big FX Decisions: Options and Forwards and When?

Reval

iTreasurer. Recent volatility has FX managers weighing the right time to use options and forwards. Click here for details >> The post Big FX Decisions: Options and Forwards and When? appeared first on Reval.

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Can Audits Help Improve Business Performance?

Planful

Can audits help improve business performance? The answer is yes, based on a survey done by Deloitte. The results were highlighted in a article published by Accounting Today : “T he survey of 300 C-suite executives and 100 audit committee members, found that nearly three-quarters of the top executives and 91 percent of the audit committee members polled said audits of financial statements identify opportunities to improve business performance.

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Uber Of X: goPuff Is The Uber Of Convenience Store Items

PYMNTS

Making a run to the corner store for one item, or even a few small items, can sometimes be a difficult feat to accomplish. Whether it’s lack of time in a busy schedule, transportation issues, proximity to a good store or just plain, “I’m going to stay home in my PJs and not do anything” laziness, convenience store runs can sometimes be more trouble than they’re worth.

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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

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IP Best Cash Innovation Winner Eyes eCommerce Future

PYMNTS

At Innovation Project 2017 , Canadian payment solution company Payment Source snatched the top prize in the category of Best Cash Innovation for its in-person payment network Loadhub. PYMNTS caught up with CEO Trevor Cook after the fact to get the lowdown on what’s coming up next for the in-person payment network. Today, consumers can use Payment Source’s Loadhub service to top off a prepaid card or make a bill or collections payment in person.

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Is Mobile Winning The In-Store Assistance Battle?

PYMNTS

When it comes to learning about a product while walking around a traditional brick-and-mortar store, some consumers ask for help from a store associate, while others turn to their mobile device. In the current retail battle of eCommerce versus brick-and-mortar, the way in which consumers seek out help while shopping in-store may have a profound impact on which side will ultimately win the war.

Sales 52
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Hacker Tracker: Kaspersky Labs Runs The DDoS Attack Numbers

PYMNTS

One of the main drivers in the popularity of distributed denial-of-service (DDoS) attacks among cybercriminals is the favorable cost-profit ratio. Companies that are targeted by this type of extortion can expect to lose thousands, if not millions of dollars, while the perpetrators of the attack can invest as little as $7 an hour to get the attacks off the ground.

Numbers 51
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Congress Mulls SME Cybersecurity Legislation

PYMNTS

A bill that would encourage SMEs to follow cybersecurity guidelines is making its way through Congress as an addition to existing legislation encouraging the same of large corporates. Reports this week said the bill, the Main Street Cybersecurity Act, is an update to the existing Cybersecurity Enhancement Act of 2014 and would seek for the National Institute of Standards and Technology to develop a set of voluntary guidelines for small businesses to mitigate and prevent cybersecurity risks.

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Is The Realization Of The Mobile Retail Revolution Near?

PYMNTS

A world without checkout lines and a farewell to the fat wallet were just some of the tantalizing outcomes foreseen as mPOS devices started to make their way into retail stores years ago. Alas, consumers and merchants are still awaiting the realization of the envisioned blissful, wait-free retail utopia that was envisioned a while back. Even as mobile payment technology lets consumers pay with their phones and allows merchants to accept payments away from a cash register, the tech is seemingly s

Retail 49
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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

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IPOs Take Top Of Mind For Tech Unicorns

PYMNTS

IPOs may be back for tech and for unicorns. As of this writing on Friday (April 7), Okta looked poised to make gains out of the gate on Friday, with 11 million shares for sale in an offering that had been slated to raise nearly $190 million for the enterprise software firm. And even as deal making got buttoned up, as seen with Cisco and AppDynamics (which was bought for $3.7 billion just before coming public) at the end of last month, the IPO landscape is marked with additional anticipation, as

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Letting Go Of ‘Set It And Forget It’ Decisioning

PYMNTS

Slowly but surely, businesses are starting to realize the importance of offering more data-driven, analytics-driven techniques in order to render more real-time decisions for their customers. No longer is the old “set-it-and-forget-it” approach to decisioning enough. Across various industries and use cases, the interest in data analytics and decision management as a tool for keeping pace with the competition and delivering on customer expectations is growing.

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83North Closes $250 Million Venture Fund To Back European, Israeli Entrepreneurs

PYMNTS

International venture capital firm 83North announced that it has closed an oversubscribed new fund at $250 million, which will be used to invest in the best and brightest consumer and enterprise technology companies led by aspiring European and Israeli entrepreneurs. A press release detailed how this latest round of funding is the fourth raised in eleven years, bringing 83North IV’s total capital under management to $800 million. 83North now has a team of five proven investing partners, includin

SAP 49
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The Identity/Authentication Confusion

PYMNTS

At this year’s PYMNTS Innovation Project , Admiral James Stavridis , NATO’s former Supreme Commander, said that one of the biggest points of compromise that cybercrooks exploit is the login. And that for far too long, more focus has been placed on password security and management — accessing information — rather than on the effective protection of digital identities — making sure that only the people who should have access to data or systems, get it.

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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.

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InComm Partners With WeChat To Power Digital Payments For Chinese Tourists To Japan

PYMNTS

InComm, a prepaid product and transaction services company, announced Tuesday (April 4) that InComm Japan is partnering with Tencent FiT, the provider of WeChat Pay services and part of the Tencent group of companies headquartered in Shenzen, China. In a press release , InComm Japan’s POSA network, which connects with more than 50,000 retail stores in the country, will facilitate customer purchases at the point of sale using WeChat Pay-issued barcodes.

Retail 47
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The Extremely High Cost Of Counterfeit

PYMNTS

Given that counterfeiting is driven largely by the desire for cheap goods, it can be somewhat shocking to see exactly just how high the annual cost of counterfeiting and digital piracy is around the world. According to the latest edition of “Transnational Crime and the Developing World” recently released by Global Financial Integrity (GFI), the global trade value of counterfeit and pirated goods is estimated to generate between US$923 billion to $1.13 trillion annually.

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Uber Of X: Truxx Is The Uber Of Moving

PYMNTS

Moving large items can be one of the more stressful events in life. Whether it’s time to move into a new apartment or pick up a new toilet at a home improvement store, there are many large items that just do not fit into every car. And sometimes people don’t realize an item won’t fit into their car until they’re already at the store with the purchased item.

Retail 46
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Struggling Staples Is In Talks With PE Firms About A Sale

PYMNTS

Staples, the office supplier retailer, is reportedly looking to sell itself. According to a report in The Wall Street Journal citing people familiar with the matter, Staples is in talks with a handful of private-equity suitors. Talks are still in the early stages, and nothing could come of them. The move comes less than a year after Staples failed in its efforts to merge with Office Depot.

Sales 46
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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.

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JPMorgan’s Dimon Says Brexit Looms While ‘Something’ Wrong with U.S.

PYMNTS

In his latest, much perused annual letter to shareholders, JPMorgan Chase & Co. CEO Jamie Dimon gave a mixed assessment of some of the larger issues confronting the United States, touting its strength as a nation even while “it is clear that something is wrong” with this “exceptional country.”. As a new administration settles into Washington, D.C., policy changes may be writ large and small; particularly in Dimon’s own banking industry, his concerns cover expansive ground.

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How The Travel Sector Copes With Cross-Border Payments Pain

PYMNTS

Cross-border payments can be rough seas for any company. Data suggests SMEs in particular are struggling to grow internationally because they fear the consequences of a lack of expertise and knowledge in going global, but corporates of any size expose themselves to new risk when entering new markets. The challenges are vast, from being able to reach customers in an unfamiliar territory to running afoul of local regulations.

B2B 45
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Cash Powers 75 Percent of POS Payments In Eurozone

PYMNTS

Mobile payments might be all the rage in Europe, but they are seemingly far from replacing good old cash. In fact, when it comes to picking a payment method, most European consumers pick cash even over credit and debit cards. According to a recent survey conducted by the European Central Bank (ECB), three-quarters of all point-of-sale (POS) transactions in the Euro zone are paid using cash.

Sales 45
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NEW REPORT: Is The Mobile Retail Revolution Ready For Its Second Act?

PYMNTS

When mPOS solutions started to roll out in retail locations about a decade ago, many predicted a futuristic utopia devoid of long lines and bulging wallets. But these days, that fantasy is still far from reality. Even retailers equipped with mPOS terminals opt not to accept mobile payment, and consumer adoption continues to lag. . But that may be about to change.

Retail 44
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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.

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B2B Venture Capital: Corporate Social Media, Marijuana Procurement, and Big Data

PYMNTS

B2B FinTechs in the U.S. and India seem to be an unshakable force these days. This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. PYMNTS breaks down the $24 million in venture capital raised.

B2B 43
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Bebe To Shutter 21 Store Locations

PYMNTS

High-end retailer Bebe is expecting some major changes as it looks to restructure its business. In a filing with the Securities and Exchange Commission (SEC) on Wednesday (April 5), the specialty women’s apparel chain said it plans to close 21 store locations and will incur an impairment charge of nearly $2 million as a result, CNBC reported. The company will also pay an estimated termination fee of roughly $7.4 million.

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Mastercard Rolls Out Support Of Samsung Pay In UAE

PYMNTS

Mastercard announced Tuesday (April 4) that Mastercard cardholders from select banks in the United Arab Emirates (UAE) will now be able use the Samsung Pay service to make payments in a quick and secure way. Mastercard said in a press release the move is part of its efforts to displace cash, spur innovation and drive growth of cashless payments in the UAE.

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Abra Goes Global, Leverages Crowdtesting

PYMNTS

For technology startups looking to expand their reach, crowdtesting has become a key resource to ensure operability on the global market. FinTech Abra, for instance, looks to change the way people around the world send and receive money. Founded in 2014, Abra now supports more than 50 currencies to help users move money virtually anywhere. Many of the world’s unbanked and underbanked cash holders today rely on informal networks to transact in and transfer funds, said George Chlentzos, Abra’s dir

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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.