Sat.Sep 21, 2019 - Fri.Sep 27, 2019

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Serving Mobile P2P Payments To The Gen X Crowd

PYMNTS

Financial providers worldwide are working to give small and medium-sized businesses (SMBs) quick access to their funds. Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). Legacy banks are similarly at work, with one major FI seeking to beat out FinTech competition by offering same-day access to credit card deposits.

Banking 98
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Asian firms plan job cuts

Future CFO

More than two-third of Asian firms surveyed by INSEAD recently plan to cut jobs out of recession fear though their confidence lifted slightly in the September quarter from 10-year lows , said INSEAD recently. The business school and Thomson Reuters surveyed 102 companies during Aug 30 - Sep13 from a range of sectors in 11 Asia Pacific countries where 45% of the world's population live and almost a third of global gross domestic product is generated.

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How To Get Stuff Done: Networking, Noise, Niceties & Nurturing Your Career

FPA Insider

I’d like to share with you a fantastic episode of The Treasury Update Podcast that I recently listened to. Having listened to episode #60 titled “How to Get Stuff Done: Networking, Noise, Niceties & Nurturing Your Career” in its entirety, I can say that this podcast has some insightful tips regardless of whether you’re starting out in finance or are a seasoned finance professional. ,, Make every moment- both in the office AND at home-count. ,, The episode “details the journey of a busy tre

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Intuitive Behavioral Design: An Introduction

CFA Institute

Specialize or face extinction. This is the binary choice facing small-to-medium sized asset managers, says Markus Schuller.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Passage Of SAFE Banking Act Gives Cannabis Businesses Access To Banking

PYMNTS

The U.S. House of Representatives passed H.R. 1595, known as the Secure And Fair Enforcement (SAFE) Banking Act, on Wednesday (Sept. 25). The bill was sponsored by Congressmen Ed Perlmutter of Colorado, Denny Heck of Washington, Steve Stivers of Ohio and Warren Davidson of Ohio, all members of the House Financial Services Committee. The legislation aims to ensure that state-authorized and regulated cannabis businesses are not forced to operate with cash only.

Banking 94

More Trending

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Why Being ‘Invisible’ Isn’t Enough For Payments In The 2020s

PYMNTS

If for nothing else, Uber and Lyft will be remembered for one big thing: making payments all but invisible via a seamless transaction process that was pretty much revolutionary. In a short amount of time, that ideal has become the general gold standard for digital and mobile payments and commerce, a guiding light for all types of companies in all kinds of sectors.

B2B 87
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SMBs Severely Underestimate Data Breach Costs

PYMNTS

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Stronger passwords. Paying closer attention to suspicious emails. Using public wi-fi with caution and safeguarding mobile apps. They’re just a few basic rules of thumb for small business owners to help mitigate the risk of a cyberattack, according to Matrix Integration; however, as president Nathan Stallings warns, as cyberattacks

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IoT’s Impact On Supply Chains And Security

PYMNTS

This week, along with Amazon’s announcement about new Echo devices and Alexa’s celebrity voices, came news of Amazon Sidewalk , a new wireless protocol that uses low bandwidth to extend the distance at which IoT devices can be controlled and requires less power than Wi-Fi. This seemingly small move signals Amazon’s faith in the growth of the Internet of Things (IoT), however.

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New Apple OS Reportedly Has Payment Security Issues

PYMNTS

Two Apple iOS 13 users took to Reddit to share some payment security issues they faced when using the tech giant’s newest iteration of its operating system, according to reports. Apple has already announced it will release iOS 13.1 on Tuesday (Sept. 24) to fix problems concerning reliability and usability. Two users said they were trying to update their payment information when another person’s information popped up in the information box.

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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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Fedwire’s ISO 20022 Migration Delayed By Federal Reserve Bank 

PYMNTS

The phase 1 implementation of the ISO 20022 migration strategy that was scheduled for November 2020 is being postponed by the Federal Reserve Bank, the U.S. central bank said in a press release on Monday, Sept. 23. The Payments Market Practice Group asked the Federal Reserve to reassess its approach to the project, which involves a three-phased migration to the ISO 20022 messaging standard for the Fedwire Funds Service.

Banking 76
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New Amex Product Enables eCommerce Payments Via Bank Transfer

PYMNTS

American Express announced it is planning to roll out a new real-time product that will let U.K. consumers pay for goods and services online, the company said in a press release on Monday (Sept. 23). Its Pay with Bank Transfer will be offered in Q4 to U.K. bank account holders even if they are not American Express cardmembers. American Express is teaming with eCommerce merchants across a variety of industries, including Thai Airways, Hays Travel, the Royal Lancaster London hotel and others.

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How To Trust And Verify In The Platform Economy Age

PYMNTS

Platform economies want to make it easy for consumers to join. After all, scale means everything. But where there’s scale — millions of users and masses of digital IDs — there are, of course, fraudsters lying in wait and plying their trade, stealing IDs and money. And it may be the case that in the tradeoff between convenience and security, companies would do well to start looking harder into whether identity verification efforts need to be stepped up a bit, even if that means injecting friction

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Post-Data Breach, Ecuador Pushes For Stricter Privacy Laws

PYMNTS

Ecuador ’s government has rushed a draft privacy law to Congress after the nation was hit with a massive data breach impacting more than 20 million people. The breach, according to the Financial Times , was discovered by researchers at VPNMentor , who reported that the data was found on an unsecured server owned by Novaestrat, a data analytics company in Ecuador.

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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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Half Of Americans Now ‘Middle Class’ With $78K Average Annual Earnings

PYMNTS

Data from the Pew Research Center shows that 52 percent of American adults live in “ middle class ” households, with the median income at $78,442 in 2016. According to Pew, the middle class is defined as adults whose annual household income is two-thirds to double the national median, after being adjusted for household size. The data found that about one-fifth of American households are considered upper class, while 29 percent are lower class.

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Futures May Not Be The Way Of Crypto’s Future

PYMNTS

For bitcoin, and perhaps cryptocurrencies in general, does the future lie in … futures? As reported this week, the first bitcoin futures contracts that in turn settle in that marquee name in crypto started trading Monday (Sept. 23). Thinly, as Bloomberg noted. The move is being heralded as a “new chapter” in bitcoin’s storybook. The initial foray of the Bakkt/ICE futures on the Bakkt Exchange does indeed seem muted.

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For AML, Three ‘I’s: Innovation, Interoperability … And Identity

PYMNTS

Trust is the backbone of digital commerce. Knowing who’s on each side of the transaction, and verifying their identities, is the backbone of trust. That sentiment was underscored earlier this month when South Korea said it would delist a number of altcoins from an exchange over privacy concerns – namely, the anonymous nature of the transactions are at odds with the goals of the Financial Action Task Force (FATF), which include combating money laundering and fraud.

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PayPal Changes Seller Refund Fee Policy

PYMNTS

PayPal has decided to once again collect a fee when a seller issues a refund. While the company had rolled back the policy in April, it has decided to reinstate collecting the initial 2.9 percent commission fee sellers give up during a transaction, even when the seller is refunding a customer in full. “Earlier this year, PayPal updated its User Agreement to change our refund policy,” a PayPal spokesperson told The Verge.

Finance 72
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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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FinCEN Director Talks Digital Identity And Fraud Protection

PYMNTS

The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth A. Blanco, gave a speech at the 2019 Federal Identity (FedID) Forum and Exposition on Tuesday (Sept. 24), to talk about digital identity today, how safe it is and what the agency is doing to protect it against financial crimes, according to prepared remarks. . One of the biggest problems, Blanco said, is account takeover. .

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Amazon Touts Benefits Of Evolutionary AI Algorithms

PYMNTS

Amazon researchers have published a paper revealing what they have found to be a better way to select an architecture when crafting an artificial intelligence (AI) model. In “ On the Bounds of Function Approximations ,” the researchers explained that they were trying to establish a framework to better understand the computational bounds of Neural Architecture Search (NAS) in relation to its search space.

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Chinese Businesses Will Be Subjected To Social Credit Surveillance

PYMNTS

Big Brother will keep an eye on Chinese businesses as the government’s social credit system compiles data on the country’s 1.4 billion people, The New York Times reported on Sunday (Sept. 22). As China increasingly becomes a market economy, the government is becoming more concerned about improper conduct in the marketplace. Various agencies in the country are sharing information like copyright violations and payroll figures so a comprehensive database can be created.

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Amazon Now Offers Whole Foods Two-Hour Delivery In 30 Cities

PYMNTS

Amazon has expanded its two-hour delivery service for Whole Foods customers to almost 30 cities in an attempt to take on Walmart. The eCommerce giant launched a pilot program in August, using the purchase histories of Whole Foods shoppers who use their Prime memberships to suggest the same products on its main website with the bonus of free two-hour delivery.

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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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FinTech Brex Teams With JetBlue On Rewards Points Transfer

PYMNTS

Silicon Valley credit card startup Brex has begun a points transfer partnership for its rewards program with JetBlue Airways , Brex announced in a press release on Tuesday (Sept. 24). The partnership allows customers to use Brex rewards points on JetBlue’s TrueBlue loyalty program. “ JetBlue is an innovative and exciting brand and Brex is thrilled to offer access to their valuable TrueBlue loyalty program within the Brex Rewards platform,” said Brex Co-Founder and Co-CEO Henrique Dubugras.

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Crypto Startup RSK Acquires Social Network Taringa

PYMNTS

Crypto startup RSK will buy Spanish social media network Taringa in a bid to expand and to gain access to the platform’s 20 million users, according to a report by Forbes. RSK, a subsidiary of IOVLabs, is self-described as the “first open-source, smart contract platform secured by the bitcoin network.”. The partnership will encourage Taringa users to share content and receive cryptocurrency rewards in return.

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Fundbox CEO: How To Fix The ‘Net Terms’ Economy

PYMNTS

Allow us to be blunt: The B2B finance and invoice settlement system is broken. Well, that’s not entirely true – things tend to work pretty well for the largest firms out there, as the largest buyers can basically set their own terms and essentially pay when they want. But for pretty much everyone else, it’s broken. And as Eyal Shinar, CEO at Fundbox , noted to Karen Webster in a new PYMNTS discussion, that’s an approximately $3.1 trillion problem, according to PYMNTS research – and, of course,

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What Does Innovation Mean For Financial Institutions?

PYMNTS

Innovation can be a blanket term in the banking world. Is artificial intelligence (AI) for anti-money laundering (AML) compliance innovation? Is real-time global payments expanding to new markets? Much focus has been given to fundamentals like the payment technologies needed to support features from transactions on real-time payment rails to instant cross-border payments.

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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.