Sat.Oct 26, 2019 - Fri.Nov 01, 2019

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LVMH Makes $14.5B Takeover Offer For Tiffany & Co.

PYMNTS

With jewelry as one of the fastest-growing businesses in the luxury sector, Tiffany & Co. has received an offer from LVMH Moët Hennessy Louis Vuitton. The French firm sent the company’s officials a letter that reportedly outlined an all-cash, $120-per-share takeover bid that would value the firm at nearly $14.5 billion, The Wall Street Journal reported.

Sales 63
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How CFOs can prevent employee burnout

Future CFO

If an issue can be prevented, don’t wait till you have to fix it. The World Health Organisation re-labelled burnout as an "occupational phenomenon" this year to reflect that burnout is a work-based syndrome caused by chronic stress which leads to exhaustion, negativity towards a job, and a reduction of work performance. . In Singapore, a Cigna study found that 92% of workers are stressed, with one in eight citing unmanageable stress levels.

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How to Read Financial News Redux: The Complete Series

CFA Institute

How should you approach financial news? Robert J. Martorana, CFA, shares his advice.

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Morningstar: China’s Q3 GDP only grew 3% instead of 6%

Future CFO

While there’s skeptism toward China’s reported economic growth numbers, Morningstar said in a recent report that the country’s Q3 GDP growth was a mere 3% instead of the officially announced 6%. The primary reason for the country’s slowdown in Q3 was a collapse in internal consumer demand, according to the report. Even with higher tariffs imposed by the US, trade hasn’t been a major headwind for the country’s economy, the report notes.

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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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US firms to speed up cash accumulation in Q4

Future CFO

US businesses are expected to speed up its cash accumulation in Q4, said the Association of Financial Professionals that recently released the results of its Corporate Cash Indicators, (CCI) a quarterly survey of senior corporate treasury and finance executives. In Q3, businesses continued to accumulate cash and short-term investment holdings though at a gradual pace, according to AFP.

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Venmo Debit Card Offers Cash-Back Rewards 

PYMNTS

Venmo, the peer-to-peer (P2P) payments platform from PayPal, is rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, Venmo announced in a press release on Tuesday (Oct. 29). Venmo Rewards is now offering 5 percent cash back at Target, Sephora, Chevron and Papa Johns, and 4 percent cash back at Dunkin’, Sam’s Club and more for a limited time.

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Why Mobile Order-Ahead Is A Sure Bet For Most QSRs

PYMNTS

If Q3 2019 quick-service restaurant (QSR) earnings are any indication, restaurants’ rush to digital and mobile ordering is benefiting many — but not all — restaurants. What’s the latest news in the quick-service world? Dunkin’ just announced the addition of on-the-go mobile guest ordering. The new feature allows any customer — not just Perks members — to place a mobile order via the Dunkin’ app.

Sales 54
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Western Union Rolls Out Full API Access For International Payments

PYMNTS

Cross-border payments firm Western Union has rolled out full application programming interface (API) access to domestic and global payment applications, the company said in a press release on Monday (Oct. 28). This new set of APIs offers users a way to “integrate their financial institutions, accounting and enterprise resource planning ( ERP ) systems and their account on GlobalPay,” according to the release.

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InstaReM Rebrands To Nium, Launches Open Money Network

PYMNTS

Digital cross-border payments provider InstaReM has announced that it is rebranding to become part of Nium , the first global payments platform that allows businesses to send, spend and receive money from around the world. Backed by investors including Vertex Ventures, Fullerton Financial Holdings, Rocket Internet and MDI Ventures, InstaReM is currently regulated in the U.S., the European Union, Singapore, Canada, Hong Kong, India, Australia and Malaysia, processing billions of dollars a year fo

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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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Accounts Payable AI Company Stampli Raises $25M

PYMNTS

The artificial intelligence-based accounts payable company Stampli has raised $25 million in a Series B funding round, the company announced Wednesday (Oct. 30). The round was led by SignalFire, and Hillsven Capital, Bloomberg Beta and NextWorld Capital participated in the round. So far, the company has raised $32 million. The money will be used for expansion and the creation of new products.

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DoorDash Acquires Square’s Caviar In $410M Deal

PYMNTS

Payments company Square has announced the completion of a deal to sell food delivery service Caviar to rival delivery company DoorDash, according to a release. The sale was completed on Thursday (Oct. 31), for a combination of DoorDash stock and cash worth $410 million. Square will include Caviar in its financial results through the month of October, but not after the sale.

Sales 48
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Visa, Marqeta Team To Boost FinTech Expansion Across Asia Pacific

PYMNTS

The drive to become a “borderless business” has its challenges. Many of them are technical in nature, as firms — especially FinTech firms and traditional financial institutions (FIs) that want to bring digital payments to new markets — must navigate new relationships with multiple payment processors on a market-by-market basis to gain that acceptance.

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Doing Business 2020

Future CFO

This report compares business regulations in 190 economies. Download The post Doing Business 2020 appeared first on FutureCFO.

Banking 52
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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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Communism For The Digital Age, Via Blockchain

PYMNTS

Workers of the world, unite. You have nothing to lose but your blockchains. Marx makes his mark, then, in the digital age. News came this week that, as reported via CoinDesk, in China there’s a new app, tied to blockchain, that lets Communist party members attest their party loyalty. In a decentralized and immutable fashion, of course. The Communist Party of China (CPC) debuted the app, which the report said translates to “Original Intentions Onchain.

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Apple Embraces Paying On Installment

PYMNTS

iPhone growth continues to look sluggish, but Apple’s earnings report was a mostly story about growth once one got away from the figures on the firm’s flagship product. Particular areas of strength were Apple wearables and the services business line. On the whole, Q4 was a strong enough showing that investors were satisfied and Apple stock price was up slightly in after-hours trading.

Sales 46
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Visa: How Mass Transit Is Driving Contactless Payments’ Global Future

PYMNTS

Seven years ago, when Visa first started working on bringing contactless payments to London’s Mass Transit system, the landscape for tap and go cards looked very different. The technology, Visa’s Global Head of Urban Mobility Nick Mackie told Karen Webster in a recent conversation, was still in its most nascent stages of deployment — outside of Europe the contactless cards essentially didn’t exist, and within Europe 1 out of every 400 payments in Europe made via contactless.

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Trending: The Rise Of Instant Payments In Lending

PYMNTS

More consumers want faster disbursements through digital channels for more complex financial transactions, and they want that functionality available now. Merchants and disbursements providers need to innovate quickly to stand up against their competitors, many of which are smaller FinTechs or startups that can capitalize on the host of customers that near-exclusively transact and receive money through digital and mobile devices.

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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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Small Business Mobile Banking On The Rise, Survey Finds

PYMNTS

A new survey from J.D. Power suggests small businesses have begun to embrace mobile banking and are satisfied with the service. Released on Thursday (Oct. 31), the J.D. Power 2019 U.S. Small Business Banking Satisfaction Survey found an 8 percent year-over-year increase in the percentage of small businesses that use their bank’s mobile banking app (61 percent in 2019, compared to 53 percent in 2018).

Banking 44
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Waymo Gains Speed With Self-Driving Taxis And Deliveries

PYMNTS

The self-driving future is not exactly here yet, but it’s coming quickly, at least based on some of the most recent moves in this space – a space that will impact payments and commerce much more as time goes on. The latest news comes from Waymo, a Google sibling owned by Alphabet. According to a report from Reuters , Waymo has “begun offering fully automated rides, without attendants in the vehicle, to a few hundred early users of its robotaxi service in Phoenix.

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Mastercard Connects SMB Cardholders To Microsoft Tech

PYMNTS

Mastercard is expanding its offering to small business cardholders in collaboration with Microsoft. In an announcement on Monday (Oct. 28), Mastercard said its small business cardholders will now gain access to a range of Mastercard enterprise solutions. For users of Mastercard Business and Mastercard Business World Elite products, Mastercard will connect U.S. small business clients to Microsoft 365 and Microsoft Advertising. “We’re committed to delivering a solid foundation of benef

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Visa’s Kereere: SMBs Say X-Border Growth Critical — But Daunting

PYMNTS

A decade ago, an antiques dealer with a shop in Kenya couldn’t have imagined selling to customers in the U.K., or anywhere outside the confines of the domestic market in which their shop was located. Now, with the tap of a keyboard or click of an app, selling to customers outside one’s domestic market is not only possible, but has become vital for the antique shops, jewelry makers, artists and millions of small businesses (SMBs) in developing and emerging economies that see the world as th

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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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New Law Brings China Closer To Developing Digital Currency

PYMNTS

China’s congress has passed a cryptography law to promote crypto development and ensure sound cybersecurity, according to a report from Xinhuanet , China’s news agency, on Saturday (Oct. 26). . The law will regulate the use of cryptography, facilitate the cryptography business and establish cybersecurity, according to the NPC Constitution and Law Committee , the news agency reported.

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For Self-Checkout, Location, Location, Location — And Data — Boost Conversions  

PYMNTS

For retailers new to self-checkout (SCO) or those that have used it for years, there’s a gold mine in the most basic SCO data that includes whether consumers are paying by card or cash, the basket size and how lines build up at the register or at the kiosk. Data tells a tale, in other words. But no two stores are exactly alike, and automating the retail experience comes as a balancing act between examining the data and observing what’s happening in the field (OK, the checkout line) in real time.

Retail 43
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How AR Can Usher The Legacy Lockbox Into The Digital Age

PYMNTS

In the flurry of payments innovation, it can be difficult to remember that legacy tools remain commonplace, especially in corporate payments. Take the lockbox, for example. It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. One of their biggest benefits for users is not only its ability to offer a secure location in which to receive paper checks; the lockbox is also critical to

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Why Western Union Is Embracing Its White-Label Future

PYMNTS

If one were looking for a simple phrase to describe the theme of Western Union’s Q3 earnings report on Thursday (Oct. 31), “pleasant surprises” would probably be the way to go. Western Union (WU) reported adjusted quarterly earnings of $0.49 per share, beating the Zacks consensus estimate of $0.47 per share. The beat represents WU’s first in four quarters.

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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.