Sat.Jan 13, 2018 - Fri.Jan 19, 2018

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The Data Behind B2B Payments’ API Excitement

PYMNTS

From market pressures in the U.S. that have encouraged data sharing between banks and FinTechs to regulations in the U.K. and EU like Open Banking and PSD2 that require such cooperation, APIs are emerging as an essential piece of the equation for payments innovation. That rings especially true in the areas of B2B payments and cross-border payments, which are complex, require the movement of data along with funds, and often involve multiple parties that have to all be on the same page about a tra

B2B 77
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NEW DATA: Retail Kiosks — The Next Billion-Dollar Industry

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One might just call this the age of unattended retail. Increasingly, retailers and other merchants are looking to give customers a more convenient and efficient experience by offering products and services via unattended kiosks. These machines mean that customers can interact with merchants more quickly, without having to waste time standing on a long line or dealing with a slow-moving employee.

Retail 74
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How Data Builds A Foundation For Commercial Bank/FinTech Collaboration

PYMNTS

The corporate expense management market doesn’t look like it once did. The traditional strategy of handing an employee a corporate card, hoping they make responsible purchases and depending on accurate expense reports has evolved into a market that embraces automation, artificial intelligence, mobility and an array of card products, from P-cards to virtual numbers.

Banking 74
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Amazon Raises Monthly Prime Membership Fees By 18 Percent

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Two years after Amazon launched monthly Prime memberships, the eCommerce retailer is increasing its monthly membership fees by nearly 20 percent, Recode reported. The monthly fee for Amazon Prime will jump from $10.99 to $12.99 in the U.S., which works out to an increase of 18 percent. On an annual basis, monthly memberships will now cost consumers $156 a year.

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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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Can Crypto Change The Music Industry?

PYMNTS

Musicians have a complicated relationship with monetizing their art. They create the songs, but the record labels that distribute them tend to own the song catalogs, which, over the decades, has led to a series of thrilling legal disputes over ownership. Think Paul McCartney’s now 40-year fight for the rights to the Beatles albums , or Prince’s decade-long standoff with Warner Brothers.

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Banks Say FinTech Innovation, Not Regulation, Is Now Their Fiercest Market Pressure

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The regulatory pressures on banks is not only fierce, it’s also continually changing, forcing financial institutions (FIs) to invest vast resources to stay on top of evolving rules. Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs.

Banking 62
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China Goes After Alternative Cryptocurrency Trading Platforms

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China steps up its regulation of cryptocurrency trading by going after online platforms and mobile apps. Citing people familiar with the matter, Bloomberg reported China’s regulators are eyeing internet-based platforms and mobile apps that provide customers with exchange-type services. Last year, Chinese authorities banned trading in cryptocurrencies, but recently the country has been seeking out alternative cryptocurrency trading venues.

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Private Labels Gone Public

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Zalando is not a well-known website in the U.S. However, for European consumers, it’s a digital treasure chest for fashion and accessories at all levels. Among the things that separate Zalando from Amazon — the U.S.-based eCommerce giant to which the company is most often compared — is its luxury brands, like Givenchy and Proenza Schouler. Zalando has had much success in the upper and even middle-tiers of fashion: Fast-fashion brands like Zara and H&M were long holdouts.

Retail 58
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Holiday eCommerce Fraud Attempts Jumped In 2017

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Attempts to commit online fraud jumped during the holiday season, increasing 22 percent from Thanksgiving to December compared to a year ago. That’s according to new data from payments company ACI Worldwide , which found that along with the fraud increase, overall online transactions also jumped 19 percent from Thanksgiving to the end of 2017.

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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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Why Free Trials Fail (And What To Do About It)

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Acquiring customers in retail is challenging. Even more so when a merchant has adopted a subscription commerce business model. Unlike a regular retail purchase — which has little long-term risk to customers should they regret their purchases — buying a subscription-based product isn’t just about buying a good or a service; it’s about engaging in an ongoing relationship.

B2C 56
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Alexa Is The New Virtual Roommate

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An increasing number of consumers are getting a roommate, and her name is Alexa. She’s smart, and she’s also learning. Between 2017 and the beginning of 2018, the number of Alexa skills skyrocketed to more than 25,000 from 7,053 in the U.S. and have increased a little more than 100 percent in the U.K over the same period. Amazon’s assistant has also become more well-known and popular.

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NEW REPORT: From Consumer DIY To Call Center AI

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The Google generation is changing industries from retail to call centers — and everything in between. Thanks to the internet, DIY solutions to problems big and small are often just a few clicks away. But when it comes to a broken appliance, or getting locked out of an online account, consumers still tend to pick up the phone and dial into a company’s hotline.

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When B2B Payments Innovation Is All Talk, No Action

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It was only (relatively) recently that B2B payments finally secured significant attention and investment from innovators. A notoriously clumsy, friction-filled industry, B2B transactions must forge new paths to boost efficiency as businesses demand global solutions, speed and transparency. Investors are paying attention to that need, and are working to back the startups that develop solutions with these goals in mind.

B2B 55
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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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Visa Biometric Card Tech Eliminates PINs And Sigs

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Visa announced late last week that merchants can now tap into its suite of sensory branding via a pilot program. In a press release , the payments company said it is working with U.S. point-of-sale terminal manufacturers – such as Equinox Payments, Ingenico Group, Poynt and Verifone – to pilot sensory branding with merchant partners in the coming year.

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UPS Capital Expands Trade Finance For SMBs

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UPS Capital is ramping up its focus on small business finance. The company, a subsidiary of UPS, announced on Tuesday (Jan. 16) that it is expanding its UPS Capital Cargo Finance solution, which provides small- and medium-sized businesses with credit lines to finance goods as they are shipped. UPS Capital is increasing the amount an SMB can borrow from 70 percent of a supplier’s invoice to 100 percent, the company noted.

Finance 54
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Visa Taps PayMate To Enhance B2B Payments In India

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Visa is working with India B2B payments company PayMate to enhance its payment services for corporate customers, reports said Thursday (Jan. 18). Reports in Money Guru India said Visa has chosen PayMate to provide a B2B payment platform for joint customers, including small- and medium-sized businesses (SMBs) struggling with managing manual payment methods like checks and cash.

B2B 54
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IBM And Maersk Partner To Improve Shipping With Blockchain

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Can blockchain, the distributed ledger technology behind bitcoin and other cryptocurrencies, speed up international trade, historically beleaguered under paperwork and bureaucracy? Container shipping firm A.P. Moller-Maersk and IBM think so, reports Reuters. The companies, each a giant in its industry, have teamed up to create an industry-wide trading platform that they say will accelerate global trade and also save billions of dollars in the process.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Voice-Activated Click-And-Collect Tool Helps Merchants Get OmniReadi

PYMNTS

Mobile order-ahead isn’t just for fast food. Across the brick-and-mortar spectrum, many retailers are leveraging it as a way to close the loop between real-world and digital experiences — and to provide a better, more compelling service experience for customers. Several major grocers (Kroger, Stop & Shop and even Amazon) have a click-and-collect option that lets shoppers fill their carts online, pay, then roll up and load the haul into their cars.

Retail 53
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South Korea Petition Demands Government Halt In Bitcoin Crackdown

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In South Korea, a petition seeking a halt to the government’s bitcoin crackdown has gathered momentum — to the tune of more than 212,000 signatures. The petition wants regulators to stop their efforts to curb cryptocurrencies and, by extension, crush the “happy dream” of those bullish on digital currencies. As reported by CNBC , the petition has been posted on the South Korean presidential website, stating that if more than 200,000 signatures are gathered within 30 days, government officials wil

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NA-KD, Swedish eCommerce Fashion Outfit, Grabs $45M In Series B

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Swedish fashion eCommerce firm NA-KD has raised $45 million in a Series B funding round. Of those funds, reports TechCrunch , is $5 million that comes from a “cash in,” as the site terms it, from early shareholders. The leader of the latest capital raise is Partech. TechCrunch noted there was additional participation from FJ Labs, with investments from backers who already hold investment positions, including eEquity, Jonas Norlander, Filip Engelbert and Northzone.

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Restaurants Reinvent Surge Pricing

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Dynamic pricing is not just for Uber and Lyft. One pioneering London restaurateur has brought the pricing strategy into the dining room. Leonid Shutov, owner and founder of the city’s swanky Bob Bob Ricard restaurant, has decided to tie his menu prices to projected demand — and offer discounted menu items to his diners during off-peak hours, Fortune reported Saturday.

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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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PayPal Processes $8.5 Billion In 2017 Donations

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More than $1 billion was donated to charities and nonprofits via the PayPal platform over the holidays, marking a milestone for the company, PayPal announced in a blog post. “This is the first time that we’ve ever crossed the $1 billion threshold for holiday giving … building on our record-breaking #GivingTuesday results, [which] truly shows the giving power, compassion and global reach (people donated from more than 180 countries) of the PayPal community,” PayPal President and CEO Dan Sc

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Blockchain: A Cure For What Ails Health Care Payments?

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Health care has no easy fixes when it comes to payments. Or data management. And for a sector that is about 18 percent of the U.S. GDP, inefficiencies exist on a huge scale. Consider the fact that in 2016, InstaMed estimated that a third of the roughly $5 trillion collected in health care payments is wasted through inefficient processing. And in an age where data is increasingly digital, and always valuable, information used intelligently and securely means efficient care, which saves providers

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‘Costco For Millennials’ Attracts Big Investors

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A popular eCommerce retailer, which has been called the “Costco for millennials,” is attracting potential investors, according to The New York Post. Both General Mills and Bed Bath & Beyond are considering investing in Boxed.com. Boxed has become one of the most sought-after tech startups because its distribution centers, which can provide 24-hour delivery to consumers’ homes in many parts of the United States.

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OpusCapita Integrates eInvoicing Tech From CloudTrade

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Electronic invoicing firm CloudTrade is integrating its service into procure-to-pay platform OpusCapita, the firms announced Tuesday (Jan. 19). According to OpusCapita, its procure-to-pay and order-to-cash solution facilitates 600 million transactions a year with more than 8,000 customers across the globe. The integration of an eInvoicing solution can reduce friction, especially for suppliers, according to the company’s Product Manager of Global Invoice Sending Matts Ek. “CloudTrade

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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.