PYMNTS
MARCH 27, 2017
The rise of APIs in banking and FinTech can unlock greater usability of innovative solutions but also presents some difficult questions for the space. As banks, FinTechs and a variety of software development firms explore the waters of payments and information exchange and collaboration, NACHA says there is a new idea to consider: API standardization. .
PYMNTS
MARCH 31, 2017
This past week proved once again that it’s tough to be a bitcoin fan. In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration in the month of March — the Intercontinental Exchange, Inc.’s NYSE Arca exchange’s request to list and trade the SolidX Bitcoin Trust.
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PYMNTS
MARCH 28, 2017
Amazon has run up against a roadblock in its play to revolutionize brick-and-mortar grocery shopping. The online retail giant has reportedly delayed the public opening of Amazon Go due to technical difficulties with its “Just Walk Out” system. During employee beta testing that began in December of last year, Amazon’s system for monitoring and tracking customer item selection reportedly ran into trouble keeping tabs on items once they had been moved from their shelf when more than 20 people were
PYMNTS
MARCH 31, 2017
Any parent of small children who has recently eaten at Olive Garden or Chili’s would probably fully support nominating Viren Balar for the Nobel Peace Prize. Even though they might not know his name. Balar is one of the co-founders and the chief technical officer of Ziosk — the tableside tablet that allows diners to place and augment orders, play games, read news and, at the end, settle up the check and be on their way.
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PYMNTS
MARCH 29, 2017
The revelations from WikiLeaks about the U.S. government’s hacking tools are reported to have sent Cisco reeling earlier this month, Reuters reported. WikiLeaks documents revealed that the CIA uses a myriad of devices and products, including televisions, smartphones and anti-virus software, to take surveillance on owners, including devices from tech company Cisco.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
PYMNTS
MARCH 28, 2017
It takes more than just having the latest technology or an innovative idea to make faster payments work. If anyone knows that, it’s Canada. The country has been on the forefront of faster payments for years, and Peter Maoloni, AVP of online products and platforms at Interac Association/Acxsys Corporation ( INTERAC ), joined PYMNTS to share the digital payments pioneer’s principles of a modernized payments system.
PYMNTS
MARCH 30, 2017
For a few years now, analysts have pointed to the evolution of chief financial officer (CFO) as a strategic member of the organization. The latest analysis from Grant Thornton suggests these professionals are finally realizing that new responsibility. Grant Thornton released its 2017 CFO Survey this week to find that most of these executives said strategic planning is their top priority within the enterprise, surpassing other priorities like performance management or even increased cash flow.
PYMNTS
MARCH 31, 2017
From startups to blockchain and financial institutions, there has been a myriad of investing related news announced late this week. Here are the numbers: $2 billion | Amount Snapchat is predicted to lose in 2017. $8.5 million | Amount of funding announced by food delivery startup JoyRun. $7 million | Series A funding for digital currency startup Ledger. $1.5 million | Amount Bank of America plans to invest in Charlotte, NC, FinTech hub. $100 million | Elevate projected IPO amount f
PYMNTS
MARCH 28, 2017
Adoption of virtual cards in B2B payments is gradually increasing as companies take to the greater security and convenience of the tool. But as with any payment technology, gaining traction can be an uphill battle. Today (March 28), B2B payments and invoicing platform Viewpost announced a partnership with Visa to allow businesses using the portal to pay suppliers with virtual cards.
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.
PYMNTS
MARCH 30, 2017
B2B eCommerce platform Tradeshift has debuted Ada, an artificial intelligence solution to help businesses collaborate with each other. Reports Wednesday (March 29) said Tradeshift Ada was revealed by the company as part of its broader push to deploy AI technologies within its platform. According to reports, Ada is the world’s first for the B2B collaboration space and supports not only buyers’ and suppliers’ communication and collaboration, but also third-party app developers.
PYMNTS
MARCH 29, 2017
Due to new taxi laws in the country, Uber announced that it is shutting down its operation in Denmark next month. According to The Guardian , this is just the latest setback in Europe for the ridesharing company, which has faced legal challenges since it launched there in 2011. Currently, Uber is waiting on a court decision to find out how it will be regulated throughout Europe: as a transport service or a digital platform.
PYMNTS
MARCH 30, 2017
Phoning it in takes a whole new meaning when we are talking about payments. To be more precise, it takes data, and lots of it, to get a payment done by phone. And done several times, spoken or keyed in, to the consternation of consumers. . Teleperformance Chief Business Development Officer Alan Truitt posited that the traditional phone call to a contact center can find faster and more secure footing through technology. .
PYMNTS
MARCH 31, 2017
Global shoppers know no bounds. And when it comes to wooing them, particularly when it comes to American and Chinese merchants, it’s game on. The Q1 X-Border Payments Optimization Index™ reveals that U.S. merchants narrowly beat out Chinese merchants for No. 1 ranking, with a score of 67.1, up from last quarter’s 66.1. Meanwhile, Spanish merchants continued their upward trek, toppling the U.K. to take third place.
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
PYMNTS
MARCH 29, 2017
In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration this month — the Intercontinental Exchange, Inc.’s NYSE Arca exchange’s request to list and trade the SolidX Bitcoin Trust. Once again, the lack of oversight, regulation and the potential for fraud in the broader bitcoin space worked against the proposed ETF.
PYMNTS
MARCH 30, 2017
Digital commerce platform JD.com has added APICS as a supply chain management partner, the companies revealed Wednesday (March 29). The Chinese conglomerate will work with APICS in an effort to develop industry standards for supply chain optimization in the nation, the firms explained. Through its partnership with JD.com, APICS is expanding into China and will work with other business leaders and businesses to promote supply chain management development.
PYMNTS
MARCH 29, 2017
Amazon’s quest to become the ultimate eCommerce site is well under way. Lately, Amazon has taken actions to move itself further along this path. Today alone there are three new developments from the online retail giant. In addition to Amazon Web Services launching its self-serve cloud-based contact center , AmazonFresh has enabled a pickup option for pre-selected grocery items.
PYMNTS
MARCH 27, 2017
With any business, there are a fair share of ups and downs. As such, there will likely always be a need to adjust staff and operations from time to time. This is a lesson on-demand delivery service Postmates just recently learned. After the company’s sales passed the $1 billion mark, it made the tough decision to make cuts for profitability purposes.
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PYMNTS
MARCH 31, 2017
Though anyone can gain access to the dark net using Tor software, the illicit and unregulated part of the internet is not for the faint of heart. Being that it’s so unstructured, the dark web is not a place where one can go without knowing exactly what they’re looking for and exactly where to find it. But what about businesses that want to explore the dark web, specifically to see if their data or information has been compromised, without the risk that comes with poking around in such an unfamil
PYMNTS
MARCH 28, 2017
B2B eCommerce platform Mbiz has raised Series A financing, reports Monday (March 27) said. Mbiz, based in Indonesia, launched about a year ago and recently raised new financing. While the company did not disclose how much it raised, COO and cofounder Ryn Hermawan told e27 that he estimates the company’s valuation to be about $75 million. Tokyo Century Corporation led the funding, reports added.
PYMNTS
MARCH 30, 2017
The good news about EMV is that it has drastically dropped the instance for cloned-card fraud that was far more endemic in the mag stripe era. The not as good news is that fraudsters were not discouraged — they simply switched their focus to card-not-present fraud online, according to Experian. Experian’s data also noted that similar increases were seen in the U.K., France, Australia and Canada during their initial EMV rollout.
PYMNTS
MARCH 29, 2017
The United States is known as the “melting pot.” From all over the world, people from various backgrounds come together to both visit, work and live in the States. As such, there are many languages flowing into the country. The problem that often arises from this is that everyone needs to be able to understand each other in literally every situation possible.
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PYMNTS
MARCH 30, 2017
Raise.me, a startup that helps students receive financial aid and scholarships throughout high school, has raised $12 million in venture funding to expand the service around the country. According to a report in TechCrunch , the venture capital round was led by new investor Redpoint Ventures and also includes previous investors Owl Ventures, First Round Capital and SJF Ventures.
PYMNTS
MARCH 30, 2017
Want to live among the wealthy in the United States? To paraphrase Horace Greeley, go West, young man, or woman, or older man, or older woman. Bloomberg notes that within the smaller towns of the country, the three wealthiest spots are uniformly located in the westernmost parts of the country and at elevations that are higher than a mile. And if you’re using real estate prices as a yardstick, the heights become, well, dizzying.
PYMNTS
MARCH 29, 2017
The Consumer Financial Protection Bureau released its monthly complaint snapshot Tuesday (March 28) in which it reported that consumers continue to report problems when trying to fight charges on their credit cards. In a press release highlighting its findings, the CFPB said that as of March 1 of this year, it has handled around 1.12 million consumer complaints across all products.
PYMNTS
MARCH 28, 2017
Defaulting on student debt has never been a good idea. The collection process is intense and one’s credit rating will be utterly ravaged for a very long time. And if that loan came care of the Federal Department of Education, it will never go away. There are people in the world who advocate not paying their loans on principle. New York Times writer Lee Speigel spawned a lot of conversation, outrage and numerous think pieces with his article about his decision to default on his student loans a
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