Sat.Jan 20, 2018 - Fri.Jan 26, 2018

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Mastercard Rolls Out Biometric Authentication Mandate Ahead Of European Regulations

PYMNTS

Sometimes eCommerce retailers need to verify a customer’s identity at checkout, but the authentication process often leads to lost sales. Methods like a one-time password sent by text message (SMS), for example, can cause many consumers to abandon their online shopping carts. Customers are more inclined to go through with a purchase when retailers use alternate authentication methods.

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How to Prepare for M&A Management Presentations

The SaaS CFO

Management Presentations in M&A Due Diligence The banker said to block my calendar for management presentations. Excuse me, what are management presentations? And for two weeks? Yes, and this is only the halfway point. The real “fun” in due diligence comes after the management presentations. However, before we get too far, let’s break down what […].

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NEW REPORT: Using AI To Generate Real-World Financial Insights

PYMNTS

The mobile devices in consumers’ pockets are getting smarter, and consumers are increasingly using those intelligent capabilities to manage their money. Now, banks are turning to use artificial intelligence (AI) to help consumers make smarter choices by providing actionable financial insights. In the January edition of the Digital Banking Tracker , powered by Feedzai , PYMNTS explores the latest developments surrounding new financial management solutions that are being powered by AI. .

Banking 64
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ADP: How Payments Power The Evolving Workforce

PYMNTS

Contract, or 1099, workers aren’t a new workforce phenomenon by any stretch of the imagination. But in the era of on-demand services – and a seemingly ever-proliferating number of platforms that match employees to short-term labor contracts – the last decade has been the emergence of the golden era of the gig economy worker. Initially, the rise of the gig economy was adaptive: The U.S. economy was in dire shape, companies were skittish about investing in employees and the labor force rapidly fou

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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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CapLinked Deploys API To Protect Blockchain B2B Transactions

PYMNTS

Enterprise software company CapLinked is rolling out a way to secure data stored on blockchain platforms. This week, the company announced the launch of TransitNet, a blockchain framework to protect digital assets and data stored on blockchain for enterprise clients. Companies can deploy the protocol via application program interface (API), CapLinked explained in a blog post , to secure transactions and data surrounding key enterprise deals like M&A, licensing, financing and more.

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More Trending

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Aadhaar No Panacea For India’s Ills, Says Economist

PYMNTS

Is India’s push for biometric IDs a bust? According to an article in The New York Times on Sunday (Jan. 21), one economist, Reetika Khera of the Indian Institute of Technology in Delhi, noted that the sweeping program to issue 12-digit ID numbers to the country’s 1.3 billion residents is possibly becoming a casualty of “its own ambitions.”. In an opinion piece for the publication, the economist posited that “ so far, [the program] Aadhaar — ‘the foundation’ in Hindi — seems to have helped neith

Numbers 58
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NEW DATA: Climbing To The Top Of The FI Innovation Ladder

PYMNTS

The financial services industry is no stranger to innovation, but it increasingly appears that change in the space is being driven by outsiders instead of the financial heavyweights. For several years, upstart challengers, rather than traditional banks, have been pushing a wide range of tech-powered financial innovations aimed at addressing the needs of consumers and companies alike.

Banking 57
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Stripe Ends Support For Bitcoin Payments

PYMNTS

Four years after Stripe began accepting bitcoin, the payments platform has decided to end support for the popular cryptocurrency. The company said bitcoin’s volatility and lengthy transaction times led to its decision, TechCrunch reported. The policy will not take effect immediately, as the company plans to end support for bitcoin on April 23. Stripe had started accepting bitcoin in 2014, when the cryptocurrency first reached $1,000 and truly gained traction.

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BoA Puts The Kibosh On Free Checking Accounts For Low-Balance Customers

PYMNTS

The Bank of America has reportedly done away with a free checking account that was popular among low-balance customers, forcing them to save more money with the national bank or face a monthly fee. According to a report in The Wall Street Journal , all of the customers that still had eBanking accounts were moved to bank accounts that charge a $12 fee each month if they don’t have at least $250 directly deposited into the account or if they don’t maintain a daily balance of at least $1,500.

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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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Nordea Institutes Cryptocurrency Trading Ban For Employees

PYMNTS

Due to high risks and “insufficient” protection, the Nordic region’s largest bank will ban its approximately 31,000 employees from trading in cryptocurrencies such as bitcoin, the company said on Monday (Jan. 22), according to news from Reuters. “The risks are seen as too high, and the protection is insufficient for both the coworkers and the bank,” a Nordea spokeswoman told Reuters.

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For Vocalink: Infrastructure, Innovation And Agility

PYMNTS

Call it agility. Or, in a more long-winded fashion, that nimbleness which brings together new and existing rails, melding legacy systems with new layers of functionality. Done right, such integration enables participants in the payments ecosystem to accommodate payment flows across mobile conduits, account-to-account, person-to-person, person-to-merchant and any number of permutations yet to even be realized.

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QSR Automations Targets Restaurant Delivery, Take-Out Markets With Updates

PYMNTS

Food order-ahead mobile apps are exceedingly good at calculating the best route for drivers, but they don’t always keep consumers informed about the status of their orders in real time, according to Lee Leet, chief executive of QSR Automations, Inc. Customers want to be kept aware of potential delays to their orders and “when their food [is] going to be ready so they’re not sitting outside … with the car running, waiting to pick up an order because it’s running a little late,” Leet told PYMNTS.

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Walmart To Lay Off 1K Employees At Its Headquarters

PYMNTS

Walmart will be laying off as many as 1,000 employees at its headquarters this year and in 2019. Bloomberg reported news that between 400 and 500 jobs were cut this week in marketing, human resources, merchandising, real estate and other departments. Those employees have 60 days to find new positions. The next round of layoffs, less than 500 positions, will happen next year, as some buildings are consolidated in anticipation of the company’s new corporate headquarters, which will be located abou

Retail 54
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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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AltFin Proves Its Staying Power With Asian Investors

PYMNTS

More than $150 million in venture capital bolstered the B2B FinTech market this week, and while investors made big steps into areas like human resources, fleet management and artificial intelligence (AI), it was an old favorite that saw the most, and largest, investment rounds: alternative lending. Once again, alternative finance, or AltFin, proves its staying power, especially across Asia.

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Why Innovation Is Nothing Without Distribution

PYMNTS

Charles Babbage is considered “the father of the computer.” But it was Lord Byron’s daughter, the mathematician Ada Lovelace , who wrote the first algorithm that made computing machines more than just fancy calculators. Sir Edmund Hillary is the first person to have reached the top of Mt. Everest, and was knighted for that achievement. But it was his Sherpa, Tenzing Norgay , who carried the equipment, prepared the route and took the risks to make sure that Hillary reached the summit

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Shell Strengthens Blockchain Focus With Startup Investment

PYMNTS

Royal Dutch Shell is boosting its position in the world of blockchain through an investment in distributed ledger startup Applied Blockchain. According to Forbes reports , Shell’s trading unit, Shell Trading International, secured a minority stake in the U.K. startup, which develops blockchain apps with a focus on smart contracts. Existing clients include corporations across a range of verticals, like the telecom and manufacturing sectors, but the publication noted that Shell’s inves

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Governments Sending Mixed Signals On Blockchain

PYMNTS

Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain? It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. The U.S. Securities and Exchange Commission (SEC) recently made that clear with news this week that the agency would crack down on businesses using the blockchain name to boost shares, a recent phenomenon in the market hitting everything from

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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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Rideshare Rental Startup Expands In New York And Wisconsin

PYMNTS

Many, but not all, cars meet Uber and Lyft’s standards. With Uber, for example, cars must have four doors and be newer than 15 years old to operate on their platform. Lyft has similar requirements, too, although cars must be no older than 12 years on its platform, unless a driver operates in certain coverage areas. But some would-be rideshare drivers, who might be driving a two-door coupe or an older used car, might not meet those requirements.

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Silicon Valley VCs Want In On Telegram’s ICO

PYMNTS

Three big Silicon Valley venture capital firms want to invest in Telegram ’s initial coin offering (ICO), The Financial Times reported. Kleiner Perkins Caufield & Byers, Benchmark and Sequoia Capital have each told the messaging startup that they want to invest $20 million, according to three individuals familiar with the deal. Sequoia and Kleiner declined to comment, and Benchmark did not respond to requests for comment from the Financial Times.

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CFPB Pushes Prepaid Card Rule Implementation Back A Year

PYMNTS

The Consumer Financial Protection Bureau (CFPB) has extended the effective date on its 2016 prepaid card rule, among other modifications announced today (Jan. 25). The rule, initially passed, also modified requirements for the prepaid card industry in regards to official procedure on lost or stolen cards, error resolution and investigation, fee disclosures, access to account information and overdraft features, if offered in conjunction with prepaid accounts.

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UK Banks Slow To Comply With Rule To Share Data With FinTechs

PYMNTS

The U.K.’s new Open Banking rules, which enable FinTechs to branch into the mainstream banking industry, are being held up as big banks delay making the changes. According to news from Reuters , six of the nine banks that have to open up their data , so FinTechs can go after their customers with products and services, asked the regulator in the U.K for more time implementing the Open Banking rule.

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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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Voice Shopping Is Taking Over The World, Literally

PYMNTS

It appears consumers worldwide are migrating to voice, according to the latest edition of the Capgemini Consulting Digital Transformation Institute Conversational Commerce survey. Based on the results of conversations with 5,000 consumers in the U.S., France and Germany, the survey found 40 percent of consumers plan to use voice assistants as a substitute for apps or mobile sites within the next three years.

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Revving The Engine For Digital Licenses

PYMNTS

There’s a road — literally — from analog to digital. Think stamped metal translated into bits and bytes, helping to transform a part of the auto industry that has been around for more than a hundred years: license plates. In the process, might the age-old frustration of standing in line at the DMV, shuffling papers, paying by (gasp!) paper check all be transformed along the way?

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Trade Finance Solution Merger Consolidates Invoice Finance Market

PYMNTS

Small and medium-sized business (SMB) financing company Trade Finance Solution (TFS) is expanding its offering through a new acquisition. The company announced Friday (Jan. 19) in a press release that it had reached an agreement to purchase Paragon Financial Group, an invoice financing firm. TFS aims to use the takeover to continue expansion across the U.S. and link Paragon’s existing clients to its own offerings.

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Ripple Sold Nearly $92 Million Of XRP In Fourth Quarter Of 2017

PYMNTS

Ripple sold nearly $92 million of its XRP digital currency in the fourth quarter of 2017, according to news from CNBC. The company, which is developing a payments system for banks based on the blockchain, sold $91.6 million worth of XRP during the quarter, capitalizing on a 29,631 percent price surge in 2017. Over a year, trading volume jumped from $2.28 million a day in the fourth quarter of 2016 to $807 million during the fourth quarter of 2017 — an increase of more than 35,000 percent.

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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.