Sat.Feb 10, 2018 - Fri.Feb 16, 2018

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39 Top Payments Execs Tell Us What’s Next

PYMNTS

A good forecast is a notoriously difficult thing to write – particularly if one is trying to write it about the payments and commerce ecosystem. Had we told the world a year ago today that Amazon was going to buy Whole Foods, that Walmart Pay would surpass Apple Pay as a consistently favored mobile payment method, that CES would essentially become a showdown between Alexa and Google Assistant, that Uber would take a major valuation haircut in its next funding round, that bitcoin was going to be

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Why You Need to Future-Proof Your Data and Analytics

Planful

Corporate leaders in all industries will strive to collect, analyze, and leverage large amounts of business data, and this is quickly becoming the basis of competition to ensure relevancy in the future. Those who fail to do so may fall behind. The Data Landscape. The idea of creating business value from data is not new, however, efficacy requires agile thinking.

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Western Union Reports Q4 Growth, Confirms Ripple Test

PYMNTS

Western Union reported results Tuesday that showed continued momentum in its digital business, as consumer money transfers grew on a cross-border basis. The company posted 4 percent growth in the top line to $1.4 billion, which topped the Street by $40 million, while earnings of 41 cents a share missed the Street by four pennies. In remarks made on the earnings call , Hikmet Ersek, president and CEO of the company, said that the improvement in the top line came amid improved spend in the company

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From Heavyweights To Newcomers, Finserv Goes All-In On APIs

PYMNTS

The conversation around B2B payments innovation and progress cannot be held without the banks. Sure, FinTechs are flocking to the industry to play their part in disruption, but traditional FIs have to be involved in addressing and solving the many, many points of friction that plague corporate payments today, from late invoice payments to clunky cross-border transactions.

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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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iGTB Lends AI, API Tech To Pivotal Corporate Banking Platform

PYMNTS

Transaction banking products provider Intellect Global Transaction Banking (iGTB) and cloud-based software solutions firm Pivotal are partnering to enhance corporate banking technology for businesses in the U.S. and U.K. The companies made an announcement Friday (Feb. 9) noting iGTB will lend its cash management platform, CBX 18, to Pivotal clients via its Pivotal Cloud Foundry cloud platforms.

Banking 63

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Intel Faces Lawsuits For Security Flaws In Microchips

PYMNTS

A month after security researchers publicized security flaws in Intel ’s microchips, along with those of other manufacturers, the company is facing 32 lawsuits over the vulnerabilities. Intel was not able to estimate how much those lawsuits might cost the company, Reuters reported. The basis of many of the lawsuits is that Intel’s “actions and/or omissions” in relation to the flaws harmed Intel’s customers.

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Oracle Launches Artificial Intelligence Apps For CFOs

PYMNTS

Oracle is rolling out new mobile apps deploying artificial intelligence (AI) targeted at chief financial officers (CFOs) and other corporate finance professionals. The company issued a press release on Tuesday (Feb. 13) announcing the launch of its new Oracle Adaptive Intelligent Applications for ERP (enterprise resource planning). The tools aim to enhance existing solutions in the enterprise via automation and can be applied to an array of processes, including procurement, financial management

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NEW DATA: Cash’s Influence In Mexico Goes Digital

PYMNTS

Cash plays an outsized role in Mexico’s economy. Whether it’s a convenience store, a restaurant or an online marketplace, when it comes to running a business in Mexico, accepting cash is not an option, but a necessity for survival. And that’s a lesson major e-tailers in Mexico are taking to heart. As players like Amazon and Walmart work to cut themselves a larger chunk of the country’s $17 billion eCommerce market, they are doing so by introducing “hybrid payment systems,” which accommodate cash

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FedEx Hacked, Says No Data Compromised  

PYMNTS

FedEx said on Thursday (Feb. 15) that it has found no evidence that private customer data was “misappropriated” when it was made visible on an unsecured server earlier in February. According to news from Reuters, the server that was made visible contained more than 119,000 scanned documents from U.S. and international citizens, including passports, driver’s licenses and security identification.

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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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eBay Plans New Augmented Reality Features

PYMNTS

eCommerce marketplace eBay will add new augmented reality (AR) features this year to make shopping on its site more engaging. As a result, the auction site is at work on a new AR kit, Fortune reported. With the kit, eBay could let shoppers see how something would look — like a set of new tires on a car — before bidding on or buying an item. It could also help sellers choose the right box size for an item by showing an image of a box over an item for sale.

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B2B FinTech (Finally) Enjoys A Busy Week Of Funding

PYMNTS

While there’s been much hype surrounding venture capitalists’ growing attention on B2B FinTech, this year has largely been lackluster for the industry. This week, however, B2B startups enjoyed a solid moment of funding, as familiar names like Tipalti were joined by newcomers like Zervant to address an array of business finance needs. We break down where $77.5 million landed this week (including the blockchain company that secured most of it) below.

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What We Talk About When We Talk About Finances (With Alexa)

PYMNTS

Talking about personal finance is never easy. Talking about personal finance with voice-activated assistants might not be easy, either, unless access to and management of data – oh, and interaction between user and device, of course – are seamless. As anyone who has used an Alexa skill might know, the movement toward conversational finance, or financial conversations, is a tricky one, as specific instructions or questions (okay, they are commands, really) have traditionally been needed to spur t

Finance 49
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Ripple Sizzle, Retail Sales Fizzle And PepsiCo Makes Digital Deliver For CPGs

PYMNTS

PepsiCo turned some heads with its quarterly earnings call announcement that it would take some of its tax reform windfall and reinvest it in improving the firm’s eCommerce efforts. According to PepsiCo CEO Indra K. Nooyi, that decision is entirely bottom line-driven – eCommerce was good for Pepsi last year. She told investors during the earnings call that Pepsi’s investment in “eCommerce across multiple channels, from e-grocery, to direct to consumer, to pure play, helped drive exception

Sales 49
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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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Alt-Lending Conglomerate TruFin Lands $97M In IPO

PYMNTS

An alternative lending conglomerate based in the U.K. just secured more than $97 million through an initial public offering. TruFin reportedly raised the funds via its float on the London Stock Exchange, according to BQ Live on Tuesday (Feb. 13). The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market.

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Amazon Steps Up In Brazil With Potential New Warehouse

PYMNTS

As Amazon gears up to compete with rivals in Brazil, the eCommerce retailer is reportedly seeking to lease a 50,000-square-meter warehouse near São Paulo. The potential investment indicates that Amazon may soon distribute electronics and other goods sold on its Brazilian website, Reuters reported. Currently, third parties ship their own goods sold on Amazon’s marketplace in Brazil.

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Why Supply Chain Execs Struggle To Analyze Costs

PYMNTS

Supply chain managers are less than impressed with the current solutions in place for cost analysis. New research from the Association for Supply Chain Management (APICS) and the Institute of Management Accountants (IMA) finds these professionals are struggling to grasp the insight they need into how much their companies spend on goods and services.

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Apple Tops Global Smartphone Sales

PYMNTS

Driven by demand for the iPhone X, Apple captured 51 percent of the revenue in the world’s wholesale smartphone market. Sales of its iPhones topped more than $60 billion in the fourth quarter of 2017, which was approximately seven times higher than sales of Huawei’s smartphones , MacRumors reported. Apple’s global wholesale smartphone revenue reached $61.4 billion in the fourth quarter of 2017.

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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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Quick-Service Restaurants (QSRs) Use In-Store Promotions And Events For A Competitive Edge

PYMNTS

For nearly three decades, customers of McDonald’s have been able to buy burgers, fries and chance to play an in-house game of McDonald’s Monopoly. By collecting playing pieces earned through purchases, customers can get a tasty meal — and maybe win something along the way. But McDonald’s doesn’t rest on its laurels; it has to continually adapt the game to changing consumer tastes.

Sales 47
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WeChat Pay Launches Promotion For Chinese Lunar New Year

PYMNTS

WeChat Pay, the mobile payment arm of China’s WeChat, is running promotions to celebrate the Chinese Lunar New Year, also referred to as the Spring Festival. Mobile Payments Today reported that WeChat Pay will provide Chinese tourists with the chance to receive a red packet, which is a traditional monetary gift, when they shop at merchants that are participating in the promotion during the Spring Festival.

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For Community Banks, Big Business From Small Business Credit Cards

PYMNTS

Think small, goes the saying, to effect big change. For community banks serving small- to mid-sized businesses (SMBs), training an eye on credit cards can translate into additional revenue streams and tap into an unmet need for those SMBs. There’s a lot of runway here. As noted in a whitepaper commissioned by ICBA Bancard and Visa, surveying more than 3,400 SMBs, A.T.

Banking 47
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The Strangest Tokens Of Affection Payments and Commerce

PYMNTS

Today is Valentine’s Day, and although the hours grow short, there is still time to get the special someone a special something. We all know the classics, of course, flowers, chocolates and jewelry tend to make up the love trifecta on our national annual celebration of love, with stuffed animals and lingerie getting the annual honorable mention.

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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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The Passion Payoff: Evolution Of Mastercard’s ‘Priceless’ Campaign

PYMNTS

Ending poverty, fighting cancer, and bringing women into tech fields: all in a day’s work, along with simpler pleasures like reading a book with one’s child each night or adopting a pet from a shelter. These are the sorts of everyday extraordinary experiences Mastercard says it wants to promote with its “Start Something Priceless” campaign — a campaign which launched Jan. 18 and which last week extended its reach into Pebble Beach Resorts as Mastercard was announced as the resorts’ Official Paym

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LL Bean Brings The Blockchain Into Outdoor Apparel

PYMNTS

One of the newest technologies in FinTech is coming to one of the oldest American outdoor gear brands. Now arriving at L.L. Bean ? The blockchain. Through a pilot this year, the retailer plans to design coats and boots with sensors which will interface with an ethereum-based platform. A New York company, Loomia , will make the circuits for the items — and hardware that utilizes near-field communication (NFC) technology to collect data.

Retail 46
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Viewing Video Though The Blockchain Lens

PYMNTS

If decentralization is everything in blockchain, what does that mean beyond just the transaction — for the actual sharing of data, of things of value, of content itself? One company, Viewly, based in Slovenia, seeks to bring a token and blockchain-based model to the video content realm, leveraging a patronage model to bring together creators and their audience, however niche (and nascent) they might be.

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ANZ Bank To Refund $8B To Corporate Cardholders

PYMNTS

ANZ, one of Australia’s largest banks, is set to doll out nearly $8 billion in refunds to small business customers using the FI’s commercial card products. Reports in Dynamic Business on Friday (Feb. 9) said the refunds will be paid out across 52,000 credit card accounts held by business customers as a result of failure to disclose fees and interest charges.

Banking 46
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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.