PYMNTS

JULY 1, 2019

The rise of the global economy and the demand for swift and secure cross-border payments is driving the development of more efficient infrastructures, and spurring financial institutions (FIs) to experiment with emerging tech. According to the new Smarter Payments Tracker , cross-border business-to-business (B2B) payments generated approximately $125 billion in revenue last year, a figure that continues to grow as the economy becomes more global.

Nonprofit 84

Nonprofit B2B Currencies Banking 84

CFA Institute

JUNE 30, 2019

What makes a company woman-led? The metrics vary and can be confusing. Duncan Stewart, CFA, proposes a points-based system that could bring more clarity.

Performance Measuring 52

Performance Measuring Communication Leadership Economics 52

Jedox Finance

JULY 3, 2019

In the first post “ The Future of FP&A ” of this blog series, we discussed how the CFO must be the guide, and Financial Planning & Analysis (FP&A) must take control of new and changing expectations for the finance department. From that foundation, now we dig deeper into that discussion and offer a framework for how to accomplish this, beginning with the “why.” Why: Overall tone for FP&A.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting CFO 52

PYMNTS

JULY 2, 2019

Payment bottlenecks cause problems for all types of consumers and companies, not the least of which are small and medium-sized businesses (SMBs). But a new offering from PayPal and Visa could help ease those frustrations and hassles. The two payments firms announced on Tuesday (July 2) the launch of PayPal’s Instant Transfer in Canada for SMBs and individual consumers.

Accounting 79

Accounting Banking Securities Sales 79

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Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

Budgeting

PYMNTS

JULY 1, 2019

Passwords are increasingly vulnerable in today’s day and age. Hacks and data breaches have become all too common, with fraudsters turning to “brute force” attacks and plugging in commonly used passcodes to gain access to users’ accounts. There is a growing need for stronger authentication methods as the number of attacks continues to climb. Unfortunately, FIs are often caught between balancing more stringent security tools and offering the seamless experiences consumers crave.

Banking 75

Banking Securities Compliance Communication 75

PYMNTS

JULY 3, 2019

Ireland’s Data Protection Commissioner (DPC) announced that it has launched a third privacy investigation into Apple. The tech giant’s main regulator in the European Union (EU) said it is looking into whether Apple has complied with the EU’s General Data Protection Regulation (GDPR) privacy law regarding an access request from a customer. Under GDPR, regulators can hit companies that do not comply with the regulations with fines of up to 4 percent of a company’s global revenue or €20 milli

Compliance 71

Compliance Advertising 71

PYMNTS

JULY 5, 2019

There’s the forest and there’s the trees — and a lack of ability to see both at the same time can often lead to disaster. The same principal holds true when it comes to forecasting cash flow. Indeed, some 91 percent of corporate treasurers lack visibility over payments — hardly a statistic that breeds optimism. In a new PYMNTS interview, Jessica Cheney, vice president, product management and strategic solutions at Bottomline Technologies , talked about the importance of improving that cash flow

Cash Flow Forecasting 71

Cash Flow Forecasting Forecasting Invoicing Cash Management 71

PYMNTS

JUNE 30, 2019

As a way to provide users with an alternative to sign-in platforms from Google as well as Facebook, Apple debuted a new Sign In with Apple platform at WWDC 2019 in June. But the OpenID Foundation is posing questions about some of Apple’s decisions regarding the Sign In with Apple platform, 9to5Mac reported. The foundation said in an open letter posted online, “OpenID Connect was developed by a large number of companies and industry experts within the OpenID Foundation (OIDF).

Securities 71

Securities Numbers Accounting Planning 71

PYMNTS

JULY 5, 2019

FinTech firms are taking on real-time payments for business-to-business (B2B) use cases – and teaming with banking partners to drive innovation. AvidXchange , for instance, worked with Fifth Third Bank to enhance B2B payments while leveraging the inherent capabilities in the RTP network from The Clearing House. The team was named the overall winner in the recent RTP Buildathon with its submission that offered supplier alerts to provide discounts to buyers, immediate supplier payments, real-time

Banking 69

Banking Invoicing B2B Prioritization 69

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.

Accounting

PYMNTS

JULY 2, 2019

Real-time payments (RTP) is a global initiative that’s been a decade in the making and counting, one that has gained momentum over the last several years. More than 50 countries are actively pursuing, piloting or already live with real-time payment programs. Just last week, the Nordic region — an area that includes Denmark, Sweden, Norway and Finland — took real-time payments up a level through an initiative led by the P27 Nordic Payments Platform , which is owned by Danske Bank, Handelsbanken,

Currencies 68

Currencies Investments Economics Technology 68

PYMNTS

JULY 1, 2019

When it comes to the new and emerging legal cannabis industry – along with the closely related trade in CBD products – payments and compliance issues, as one can imagine, have tremendous importance, and companies are striving to get into the game via those angles. The latest example comes from LegitScript , which sells verification and monitoring services for online pharmacies.

Compliance 66

Compliance Manufacturing Banking eCommerce 66

PYMNTS

JULY 1, 2019

Mobile order-ahead apps are growing more popular by the day, and restaurants are clamoring to get on board. A QSR Magazine study found that 73 percent of diners have used mobile ordering, 63 percent have at least one mobile ordering app on their phones and 35 percent use mobile ordering every time they visit QSRs. Consumers are eager to utilize these services, but cybercriminals are just as ready to exploit them.

Accounting 66

Accounting Securities Banking Numbers 66

PYMNTS

JULY 3, 2019

ANZ , Commonwealth Bank , IBM , Scentre Group and Westpac have announced they are partnering to launch a live pilot for Lygon, a new digital platform using blockchain technology to digitize the bank guarantee process needed for retail property leases. While bank guarantees have primarily been issued manually and on paper, digitizing the process reduces the risk of fraud, decreases the chance for errors and significantly speeds up the entire process.

Banking 65

Banking Technology Retail Securities 65

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PYMNTS

JULY 4, 2019

Cruise ships and musical festivals are not that different from each other, not these days. Both feature large crowds of generally like-minded people. Not only that, but aging and even younger rockers and other musicians are often featured on special cruises for serious fans — that includes groups that range from baby boomer favorites to extremely loud metal groups.

Technology 65

Technology Retail Securities Accounting 65

PYMNTS

JULY 2, 2019

Thanks to the digital economy and its supporting technology, we can say we are in the “golden age” of this and that. The golden age of delivery and quick fulfillment. The golden age of product reviews and price comparisons. What about the golden age of age verification? No, that doesn’t sound as exciting as the rest, and conjures up memories of those sloppy fake IDs in high school and college, or having that ne’er-do-well uncle agree to buy minors a 12-pack.

Sales 65

Sales Retail eCommerce Education 65

PYMNTS

JULY 4, 2019

U.K.-based iwoca is integrating its lending platform with marketplace lenders Funding Options and Funding Xchange to accelerate and further automate access to capital for small and medium-sized businesses, while connecting borrowers to price transparency. In a press release sent to PYMNTS, iwoca revealed its integration via the launch of its Landing API to provide small businesses with a loan decision within 30 seconds, rather than providing an instant “approval in principle.

Finance 64

Finance B2B 64

PYMNTS

JULY 1, 2019

Smaller banks and credit unions enjoy a reputation of offering more personalized services than large financial institutions (FIs). When it comes to technological innovation, however, the smaller players have long been outgunned by larger FIs and their sizable IT budgets. This is changing — in a big way. Today, small banks are more aggressive and ambitious in their innovation strategies than medium-sized and large FIs.

Budgeting 63

Budgeting Banking Investments Marketing 63

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.

Planning

PYMNTS

JULY 3, 2019

In the B2B world, the time is now for faster payments. The bar may seem a bit low, as the majority of transactions are still mired in paper checks, with communications still tied to faxes and phone calls. In the Real-Time Payments Innovation Playbook , done in partnership between PYMNTS and Mastercard , financial decision-makers from nearly 400 firms across a dozen industries laid out a number of priorities for making their payment processes more efficient.

B2B 62

B2B Communication Numbers Securities 62

PYMNTS

JULY 1, 2019

The Bank for International Settlements ( BIS ) has announced the launch of a BIS Innovation Hub to enable central banks around the world to collaborate on financial technology solutions and innovation. The Hub will identify and develop insights into technology trends that have a crucial impact on central banking, as well as create public goods that will improve the global financial system and serve as a focal point for central bank experts on innovation.

Banking 62

Banking Financial Systems Technology Economics 62

PYMNTS

JULY 1, 2019

In payments fraud, it pays — literally — to change up the game a bit. As noted in a report by FireEye, the bad guys are continuing to leverage a tactic known as business email compromise (BEC), where that method of communication seeks to impersonate persons of authority from within a firm, or alternatively, legitimate business partners, to requests funds be sent to accounts (and then of course, pilfered).

Construction 61

Construction Communication Leverage Accounting 61

PYMNTS

JULY 1, 2019

As financial service conglomerates and innovators move deeper into the B2B payments field, they’re finding a field of opportunity to disrupt clunky manual and legacy processes far beyond the accounts payable (AP) department. One of the biggest opportunities is in fleet payments, where cash and checks remain prevalent (particularly in the U.S.), but where innovations in mobile payments, the Internet of Things (IoT) and autonomous vehicle technology have opened doors for FinTech firms to tac

Accounts Payable 59

Accounts Payable B2B Technology Manufacturing 59

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

Finance

PYMNTS

JULY 2, 2019

In a reported leak of billions of user records in a smart home data breach, researchers have found that a database that belongs to Chinese firm Orvibo has been left open without a password for protection. The database is said to encompass over 2 billion logs that include a range of information from account reset codes to user passwords, Forbes reported.

Accounting 59

Accounting Sales Numbers Securities 59

PYMNTS

JULY 5, 2019

Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation of the area’s financial institutions, according to a report by Reuters. . The banks involved will be Danske Bank, Swedbank Handelsbanken, Nordea, SEB and DNB. The banks said the KYC Utility would gather know your customer (KYC) checks to start with at large and medium-sized companies in the region, and also start offering commercial services. .

Banking 58

Banking Financial Systems Economics Marketing 58

PYMNTS

JULY 3, 2019

Google has announced via its blog that some big updates are coming to make it easier for consumers to pay easily and quickly online, care of Chrome, no matter what device they happen to be using at the time. Therefore, going forward, consumers will be able to use payment methods previously saved to their Google Account to fill in checkout forms when signed into Chrome — across their devices and wherever Google Pay is accepted.

Accounting 58

Accounting Securities eCommerce 58

PYMNTS

JULY 3, 2019

When it comes time to pay suppliers, most accounts payable (AP) professionals will use whichever payment method they need to get the job done — but most are unhappy with what they currently use. Paper checks are AP departments’ seventh-favorite way to pay suppliers, yet 80.8 percent use them anyway. If given the choice between checks, digital wallets and ePayables, AP professionals would prefer to pay suppliers using digital payment solutions.

Accounts Payable 58

Accounts Payable Invoicing Accounting 58

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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.

Accounting