PYMNTS
DECEMBER 30, 2016
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments, more broadly?
Planful
DECEMBER 28, 2016
In the final weeks and days of the year, while there is a keen focus on finishing up the year strong and closing the books, it is also important to plan for the new year. This includes finalizing the budget as well as considerations for upcoming regulatory changes. Pre-planning and preparation make it possible to close out 2016 strong and head into the new year with confidence.
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PYMNTS
DECEMBER 28, 2016
Activewear brand Fabletics , which was co-founded by Kate Hudson in 2013, announced plans for a retail expansion across the U.S. in 2017. The once pure play eCommerce business will open 12 new physical locations next year, adding to the 18 existing Fabletics locations that began launching in the Fall of 2015. The company confirmed that the new locations will bring the brand’s total retail store count to 30 locations throughout the U.S.
PYMNTS
DECEMBER 27, 2016
Capital One’s Treasury Management Group is already looking ahead to how corporate treasurers will face the most modern of challenges in 2017. A new survey from the group published earlier this month found that 83 percent of treasurers are gearing up to upgrade existing technologies, or implement entirely new ones, in the coming year. In response to the survey’s findings, Capital One Executive Vice President and Head of the Treasury Management Product Management Group Patrick Moore sa
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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
PYMNTS
DECEMBER 29, 2016
There seems to be no shortage of action in the corporate banking space, whether it be scandals (like Royal Bank of Scotland’s Global Restructuring Group fiasco ), cyberattacks (such as the $81 million stolen from the central bank of Bangladesh) or anomalies like Brexit impacting top financial institutions across the globe. So, what can corporates expect from their banks in 2017?
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
PYMNTS
DECEMBER 30, 2016
Bank heists and data breaches saw no shortage in 2016, and corporates large and small could no longer avoid the risk of a cyberattack. Still, researchers have found, many businesses do just that: RedSeal released a report this month that described the state of corporates’ approach to enterprise security as one of “cyber naïveté,” with many executives believing that their existing strategies are sufficient to ward off a cyberattack.
PYMNTS
DECEMBER 29, 2016
This holiday season, customers seem to be anything but happy. Their dissatisfaction was more than evident in the U.S. Commerce Department ’s November report, which highlighted a slow start to the holiday shopping season. The slow start exclusively bears bad news for brick-and-mortar stores. Facing a downturn in customer foot traffic and fierce competition from major online players like Amazon, some physical retailers are now turning to Payments-as-a-Service solutions as a way to level the playi
PYMNTS
DECEMBER 30, 2016
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments, more broadly?
PYMNTS
DECEMBER 30, 2016
In its quest to bring quick, convenient drone delivery to the mainstream masses, Amazon looks to be investigating ways to bring its warehouse fulfillment centers to the sky. Filings recently disclosed from the U.S. Patent and Trademark office show what Amazon described as an airborne fulfillment center, what looks like a large zeppelin with a storage facility attached beneath, designed to remain at high altitudes to keep stock, supply and replenish drone deliveries.
Advertiser: Paycor
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.
PYMNTS
DECEMBER 30, 2016
While some may be concerned about the fate of postal services, there clearly is demand in China. According to China’s State Post Bureau , online purchases generate more than 21 billion of the 30 billion packages delivered this past year in the country. The year before saw 20 billion total packages, including both eCommerce and other parcels. And as Alibaba and JD.com are gaining international appeal, more shipments are going and coming overseas.
PYMNTS
DECEMBER 30, 2016
Two blockchain consortia have seen their membership numbers increase, a good sign that distributed ledger technology will see continued support in 2017. Hyperledger Project announced Thursday (Dec. 29) that eight new members have joined its ranks, including CA Technologies, Factom Foundation, Hashed Health, Koscom, LedgerDomain, Lykke, the Sovrin Foundation and Swisscom.
PYMNTS
DECEMBER 29, 2016
Deloitte has been an early embracer of blockchain technology, and 2016 was a busy year for the consulting firm in the space. Earlier this month, Deloitte revealed an investment in blockchain startup SETL, a U.K. firm that uses distributed ledger technology for payments and settlement. It was Deloitte’s first public investment in a blockchain startup, according to reports, but the company had already been working with SETL to develop contactless card solutions for Metro Bank.
PYMNTS
DECEMBER 29, 2016
Well, the gifts have been opened, the roast beast is a memory being celebrated in cold sandwich form this week and the malls are once again full of shoppers — who are now returning the wrong gifts and getting themselves the right ones (and whatever else happens to be on really good discount this week). Christmas is in the tank of yet another year, which means the only thing left to do is get the tuxedo to the dry cleaner, get the champagne in the fridge and the shrimp cocktail on ice — because i
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.
PYMNTS
DECEMBER 29, 2016
InterContinental Hotels Group (IHG), parent company to more than 5,000 global hotel locations including Holiday Inn, is investigating a possible data security breach in some U.S. chains. Last week, sources familiar with fraud prevention at different financial institutions told Krebs on Security that a pattern of fraud was recognized on payment cards which could point to a breach across some IHG properties.
PYMNTS
DECEMBER 28, 2016
When it comes to complaints lodged with the Consumer Financial Protection Bureau about debt collection, the government agency said attempts to collect debt on money that is not owed were the number one complaint. “Today’s report shows that consumers continue to report being harassed about debts they already repaid or debts they do not owe,” said CFPB Director Richard Cordray in a press release announcing the results.
PYMNTS
DECEMBER 30, 2016
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments, more broadly?
PYMNTS
DECEMBER 30, 2016
While the shift to the online space is often seen as the great game-changer in retail, Loren Padelford, vice president and general manager of Shopify Plus , said that the change is actually to something more fundamental. “For the first 5,000 years of commerce, the merchant has been at the center. In the last five years, it’s flipped. The consumer is at the center,” Padelford said.
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.
PYMNTS
DECEMBER 28, 2016
Israel-based cyber-intelligence company EverCompliant is the first line of defense against transaction laundering, the digital payments space’s equivalent of traditional money laundering. In a nutshell, transaction laundering allows prohibited merchants to find safe passage into the payment system by exploiting valid merchant accounts. Founded in 2007, EverCompliant began as a global acquirer enabler, helping acquiring banks to manage their merchants’ PCI compliance.
PYMNTS
DECEMBER 30, 2016
Moving is no fun. Packing up and schlepping furniture and belongings, only to unpack and re-set up in a new location is taxing. But if part of the equation were taken out — say, the moving and setting up of furniture — perhaps it would be better for the consumer? That’s what Furnishr aims to do. Cofounded by Michael Van and Karen Lau, this “Warby of home furnishing” company started in January 2015, now has more than 30 individuals on board and works with 10 commercial businesses on an ongoing ba
PYMNTS
DECEMBER 30, 2016
Subscription models have seen a significant rise across commerce categories in the past few years. At the start of this year’s holiday shopping season, the gift that keeps on giving got an additional sales boost. Recurly Inc., which provides enterprise-grade subscription management platforms to thousands of businesses worldwide, found that the total payment volume (TPV) of same-store sales for subscription businesses increased year over year by 17 percent on Black Friday and 16 percent on Cyber
PYMNTS
DECEMBER 30, 2016
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments, more broadly?
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.
PYMNTS
DECEMBER 29, 2016
Blockchain technology is slowly slinking through the aisles of retail business. Walmart is using it for tracking product and pork , and analysts are placing side bets on Overstock using the technology. “Blockchain saw much wider overall acceptance in 2016, especially since Bloq’s announcement that they were working with Visa,” said Bill Shihara, CEO of Bittrex , Next Generation Cryptocurrency Exchange.
PYMNTS
DECEMBER 28, 2016
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments, more broadly?
PYMNTS
DECEMBER 30, 2016
Faster payments may be speeding up transactions for consumers, but it may also be putting pressure on the systems banks have in place to fight fraud. According to American Banker , faster ACH payments are impacting the ability of banks to review transactions for fraud. It’s no surprise that cybercriminals are smelling the blood in the water. With credit-based ACH payments now being settled within the same day, many financial institutions are unable analyze suspicious transactions in such a short
PYMNTS
DECEMBER 29, 2016
Some of the largest banks already involved in blockchain development are now in a race to snatch up patents from the technology, reports said. The Boston Globe reported Wednesday (Dec. 28) that Bank of America and Goldman Sachs are just two of the top banks to begin pursuing the acquisition of blockchain patents. Doing so could give them a competitive advantage, reports said, as many developers of blockchain-based solutions depend on open-source technology technically owned by someone else.
Advertiser: GEP
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
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