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Like most people, I still make the majority of my purchases with credit cards. But the one place I’ve always used my phone to pay has been Starbucks. Why did I never think twice before using the Starbucks mobile app to pay for all my purchases there? For the same reasons that it has become one of the most popular mobile payments experiences in the world — it was easy to use, accepted at most Starbucks, and had a rewarding loyalty program.
The CPM (also known as enterprise performance management, or EPM) domain has always spanned multiple processes within the Finance organization, including FP&A functions such as strategy management, integrated financial planning, and profitability management – as well as finance and accounting functions such as financial consolidation and reporting and financial disclosure management.
Visa just rolled out the next generation of payments wearables: an NFC-enabled payment ring. And it’s bringing it to the Olympics for the Visa-sponsored athletes to use at the Rio 2016 Olympic Games. This is the first prototype of its kind to be backed by Visa. These NFC payment rings will be used by all Team Visa athletes in Rio, along with 45 Olympic hopefuls from around the world.
Complainants in a Nevada lawsuit are accusing the owners of what’s believed to be a fake payments processing company of stealing millions of dollars from an online seller. That seller is beauty product retailer DermaKtive, which claims that a man committed fraud with the assistance of his mother and girlfriend. This fraud reportedly involved using what was believed to be payment processing for credit and debit card transactions, along with refunds.
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
Paper checks. Foreign exchange rates. Settlement times. All points of pain and friction in cross-border payments and all factors that can stymie cash flow for firms and even the smallest sole proprietors or freelancers that operate in a global, always-on economy. Earlier this month, GoldMoney , a FinTech that operates a financial services and payments platform that uses gold to settle transactions globally in any currency, launched its Gold Payroll and Gold Payout applications.
There’s a new app in town that wants to make it easier to remember to pay those credit cards. Or as its co-founder Jason Brown told Mashable : “It’s kind of like a self driving car for your credit card.” Yes, the apps have taken over. And it has one goal: making sure those credit card companies don’t slap the consumer with another late fee again.
There’s a new app in town that wants to make it easier to remember to pay those credit cards. Or as its co-founder Jason Brown told Mashable : “It’s kind of like a self driving car for your credit card.” Yes, the apps have taken over. And it has one goal: making sure those credit card companies don’t slap the consumer with another late fee again.
Is bitcoin making a comeback? Oh, if we had a bitcoin for every time we’ve heard that question. Actually, that would be pretty difficult to calculate how much we’d actually have in real dollars since its price trend is so volatile. Every time bitcoin shoots above the $500 mark, the digital currency world starts buzzing about why bitcoin is here to stay and why it’s going to shoot above the $600 mark soon.
And the regulations just keep coming. In the banking industry, the mindset among compliance staff seems to be one where the expectation is to have a new rule governing new rules that govern new rules. As noted in The Wall Street Journal Tuesday , the fact remains that lenders are “awash in new regulations,” with swelling ranks of both interpreters and enforcers bringing “striking changes” to banks and their own internal day-to-day mindsets and operations.
Ah, summer. Season of BBQ, vacations and Mary Meeker’s internet trends report. OK, maybe that last one is a bit less universal than the others, but to those in the know around Silicon Valley, the prominent VC from Kleiner Perkins’ annual report on what’s hot on the web is a favorite summer institution. So the headline this year? The empowered consumer, driven by better and cheaper sources of data.
Venture capital investment is the lifeblood of startups, but reports by The New York Times released on Wednesday (June 1) put a spotlight on a different breed of entrepreneurs that shy away from taking investor funds. According to the publication, some startups are beginning to see the value in not accepting venture capital. One entrepreneur, Ron Rudzin, told the publication he declined VC funding because it changes the way business owners spend their money. “People who raise money, rathe
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
Most retailers are comfortable enough with text-based searches to game the system in their favor when necessary. Featured or promoted results are just one way of leveraging the personalized data gained through monitored queries, and there’s no doubt that as more consumers turn to mobile for their shopping needs optimizing these micro-moments will be a key skill of successful brands.
It appears, once again, that the Dark Web and bitcoin aren’t untraceable. Just in case there was any doubt. A new court case has shown this after it was revealed in documents that two men allegedly stole 5,400 bitcoin from an underground illegal online drug site called Sheep Marketplace. That was when bitcoin’s price was above $1,100, and so, the bitcoin was worth a lot more at the time — $6.6 million, to be precise.
There’s one particular country that’s been creating a lot of attention in the mobile payments ecosystem in the past week. Singapore. It’s a country with an estimated population of just 5.47 million, a GDP per capita of $56,284, an unemployment rate of 3 percent and an adult literacy rate of about 96.54 percent. While those facts may seem a bit random for this edition of the mobile payments tracker, they do, in fact, matter.
There may be a few resilient, strategic entrepreneurs out there who don’t need venture capital to run a successful startup. Such was the case for several companies profiled this week by The New York Times , which shed light on the minority of startup owners that decide not to take outside investment. Whether it’s because venture capitalists wanted too large of a share of the company, or because entrepreneurs tend to spend less frivolously with money that isn’t their own, or sim
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.
Small business owners are considered followers of consumer trends in terms of payments technologies; entrepreneurs use digital financial services in their personal lives, so that will naturally carry over into when they are managing the finances of their companies. SMEs aren’t getting the banking services that fit their needs now that they’re demanding online and mobile solutions, however.
By now the rollout of EMV in the United States is old news, with an October 2015 deadline that seems positively ancient in the rearview mirror, and the transition itself had been telegraphed as far back as 2011, with a template stretching back across a decade especially in Europe. Yet the transition here, stateside, has been anything but smooth. One stumbling block has been the confusion among key players, from merchants to payments processors, over the technological and compliance needs that ar
Just about a decade ago, the checkout process at a retail shop was pretty simple — customers would wait in line to give their purchases to the cashier, who stood at a fixed point in the store, and then pay using cash or a credit card. Oh, how the times have changed. The retail industry has been “revolutionized” time and time again by the ever-evolving payments landscape.
With the 2016 Olympics quickly approaching, Airbnb is looking to change its payment acceptance game within its fourth-largest market. Brazil may be facing an economic crisis, but Leo Tristao, country manager for Airbnb, told Fast Company that business is still booming. “They have a space; they have a house,” Tristao said regarding Brazilians. “They are joining Airbnb, and that is becoming a source of income.”. “The recession environment, in a way, [is associated with] our growth in Brazil.
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.
Alibaba has made another major Commerce investment — this time aimed at improving eCommerce search for products. The Chinese Internet giant has thrown its support behind Twiggle , an Israeli technology company, which recently raised $20 million. This funding round was led by Naspers, a South African conglomerate, but Alibaba participated in the round.
Ikea is probably not the go-to brand for most consumers when they hear the word high-tech. Swedish meatballs? Sure. DIY furniture? Check. Divorces over DIY furniture? Ikea all the way. But perhaps it will be soon, on the back of newly conceived pop-up kitchen focused retail locations that are all about bringing consumers the high-tech married to high design experience.
Today, summer is officially on. Well, OK, not “officially” in a literal sense, since the sun’s annual trip to the Tropic of Cancer isn’t officially on the calendar for a few more weeks. However, across the U.S. this weekend for the bathing suited and flip flop clad, “close enough” is the rule of the day, and it is certainly summer enough to run through the sprinkler, toss something on the BBQ and decamp to the beach to read.
Dormify, a dorm decor startup, seems to have cracked the email marketing code for millennials and Gen Z buyers. The New York-based e-tailer has seen a 92-percent increase in revenue from email marketing and has doubled its web conversion rate. “Before you can market effectively to a younger audience in particular, you need to establish a solid brand and product offering that will appeal to them,” said Dormify’s CMO Nicole Gardner.
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.
It’s a delicate balancing act to ensure suppliers get paid within a reasonable time frame, but corporate buyers still have an opportunity to benefit from paying their suppliers earlier — usually, by way of an early payment discount. Even Tony Furman, CEO and founder of BidPay , an online, auction-style invoice discounting platform, said he sees corporations using their position of power to unfairly force discounts or longer payment terms on small suppliers. “We’ve seen some hor
Cybersecurity company Thales announced on Tuesday (May 31) that its payShield 9000 hardware security modules (HSMs) will be used by payments technology company Swiftch to help secure the first Visa Ready and MasterCard self-certified mPOS solution throughout the United Arab Emirates (UAE). With the solution, merchants and acquirers of all sizes will be able to utilize the mPOS solution, which will offer end-to-end encryption of the payment data via Thales’ HSMs.
Small and medium-size enterprises are on their way to adopting some of the newest technology to help run their business, and that includes embracing solutions to enhance their payments and banking capabilities. The latest PYMNTS.com SMB Technology Adoption Index shows how SMEs are progressing along this line. The research reveals an increase in EMV technology adoption, but that many are struggling with integrating automated invoice solutions and mobile payments acceptance capabilities.
In an effort to improve security, the global interbank messaging system said it would begin discussions with its users about new measures and tools that will assist the detection of fraudulent payment instructions, Reuters reported late last week. The Belgium-based Society for Worldwide Interbank Financial Telecommunication, better known as SWIFT , said it may also make security practices that are optional in its system — such as two-factor authentication of payment instructions — a requirement
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.
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