PYMNTS
APRIL 5, 2016
Uphold isn’t a bank, and it’s aiming to disrupt the traditional financial services industry. But traditional FIs are an essential partner for the firm. Last week, Uphold announced a partnership with India’s IDFC Bank, a move that allows Uphold’s business and consumer customers to conduct cross-border transactions to and from the home of the world’s fastest-growing economy.
PYMNTS
APRIL 6, 2016
There is an ancient piece of wisdom that dictates one should either go big or go home, and according to recent reports, Stuart Sopp has no intention of going home. Instead, he is looking for the firm he founded — Current — to become the first digitally native global bank. Big dreams, especially for a firm that is currently acting as a money transfer service for Slack , a workplace (and increasingly small group) messaging service.
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PYMNTS
APRIL 6, 2016
The biggest firms in the nation are gearing up for same day ACH payments – an eventuality that could hit in September of this year. As reported by NACHA, the electronic payments association, the readiness was disclosed in a survey that had been conducted by the association, with the two strongest use cases identified across same day ACH. Firms are looking to use ACH across payroll and B2B functions.
PYMNTS
APRIL 6, 2016
Though it was their grandparents that gave rise to modern American consumer culture, millennials often get dinged for being too obsessed with having the latest and greatest gadgets. While it’s true that Apple and other smartphone makers have developed nearly irresistible cults of personality around their brands, there’s evidence that millennials are just as quick to drop the essential items of generations gone by if it suits their needs.
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PYMNTS
APRIL 2, 2016
If we’re being honest with ourselves, 16 years into the 21st century, it is easy to be a little bit disappointed. . Sure the worst as predicted by Ray Bradbury, George Orwell and Aldous Huxley didn’t quite happen — books aren’t routinely burned, Big Brother is not watching (mostly) and super addictive narcotics are not handed out on demand to keep the populations immoral and tranquilized — but the darkest dystopias weren’t the only future being forecasted in the 20th century when it looked into
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
PYMNTS
APRIL 6, 2016
What do customers actually want in a store credit card? More importantly, what are retailers willing to give them? While the days of consumers falling prey to closed-loop programs and high interest rates might be coming to an end or, at least, dialing itself back on the overt predatory financing, that doesn’t necessarily mean that merchants have found it in their hearts to pump up cash-back offers and erase blackout dates solely for shoppers’ benefits.
PYMNTS
APRIL 8, 2016
Contacting and finding businesses on Facebook just got a little easier. The social network announced on Thursday (April 7) the launch of tools and updates that will help people to connect with businesses via Messenger faster and more conveniently. The company said that, each month, roughly 900 million people use Facebook’s messaging service, with more than 1 billion messages sent between people and businesses every month on Messenger.
PYMNTS
APRIL 8, 2016
Luxury retail is stretching out in Sin City. Las Vegas Review-Journal reports that the Wynn Las Vegas resort has announced plans to add more than 75,000 square feet of luxury retail space to the Vegas Strip. Called Wynn Plaza, the shopping-centric addition will be two stories tall and decked out with atriums and a skylight rotunda, notes LVRJ. Scheduled to open in fall 2017, Wynn Plaza will bring the total retail square footage at Wynn Las Vegas to more than 173,500. “We had 300 or more fe
PYMNTS
APRIL 5, 2016
The chief financial officer is taking a more strategic role within the enterprise, but the heightened responsibilities largely come from necessity. Greater exposure to risk and pressure to boost revenue are hanging over CFOs’ heads “like a dark cloud,” according to The Hackett Group’s Jim O’Connor, one of the authors of the firm’s latest report, “ The CFO Agenda.” “Companies are focusing on cost reduction across the enterprise, and this is clearly an area where finance can take a lea
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.
PYMNTS
APRIL 4, 2016
Amazon is expanding its rush delivery service from an app to the Internet at large. Bloomberg reported on Friday (April 1) that the eCommerce giant plans to add its one- to two-hour delivery service, Prime Now — currently only available through a mobile application of the same name — to the Amazon website beginning in May. The outlet notes that the addition of Prime Now to Amazon’s site will inherently widen the service’s reach to include a new base of customers who have not used Pr
PYMNTS
APRIL 8, 2016
Struggling retailers have found a new passion when their sales don’t match their expectations: decrying the irascible fickleness of consumers they once knew how to serve. If human product designers can’t supply the demand, then perhaps computer ones can. That’s the idea behind Ivyrevel, a high-tech fashion startup that received a not-insignificant bit of good news when PayPal announced on Thursday (April 7) that it would be providing payments support to the online-only brand.
PYMNTS
APRIL 5, 2016
Alipay, the digital payments platform, of Alibaba’s financial arm, Ant Financial, is ready for its biggest global expansion: Europe. The announcement that Alipay will be launching in Europe this summer will give its massive 450+ million active Chinese consumers the chance to use the digital payments option while abroad in Europe, which would be the company’s largest market outside of Asia.
PYMNTS
APRIL 6, 2016
Payments messaging firm SWIFT is looking to gain support for its global payments initiative and, most recently, announced the latest backers of the pilot program. In a statement on Tuesday (April 5), SWIFT said 21 more banks have signed onto its effort, which promotes innovation in cross-border payments technology through corresponding banking. The company said it will hope to improve the transparency and speed of global payments with the program.
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
PYMNTS
APRIL 5, 2016
JPMC has capped ATM withdrawals at $1,000 per day for those who are not accountholders with the bank. The move comes following the bank’s initiative to allow ATMs to dispense an unlimited number of $100 bills, which, unsurprisingly, led to abuses and people pulling tens of thousands of dollars out at a time. Those massive withdrawals do not represent illegal activity, according to bank officials, but they do raise red flags in a regulatory environment where large cash transfers are often c
PYMNTS
APRIL 4, 2016
As online retailers compare the pros and cons of using Amazon Payments , it would appear that many have found the former category to outweigh the latter. Although Amazon does not disclose the number of businesses that offer Amazon Payments in their checkout process, a recent story by Bloomberg shares that more than 23 million eCommerce customers have used their Amazon accounts to pay for purchases on non-Amazon websites since the offering was launched in 2013.
PYMNTS
APRIL 8, 2016
Open Financial Exchange (OFX) is one of the banking industry’s most common APIs, allowing financial institutions to aggregate data and link that information to their financial applications. But with data security becoming a more prominent concern in FinTech, OFX has rolled out a heightened security measure for its services. A Thursday (April 7) release said OFX is now seeking public comment over its upgrades, which use a token-based authentication model to safeguard the collection of data within
PYMNTS
APRIL 8, 2016
Exactly six months ago on Oct. 6, 2015, speaking at the Faster Payments Imperative, NACHA CEO Jan Estep emphasized the need to continue the dialogue about what the concept of faster payments really means. “We need to continue to peel away the onion,” Estep said. “Over the next year, there will be a tremendous amount of change.” . Fast forward six months and that change has sparked more dialogue in the industry about what “faster” really means with respect to payments, and how, when and where fas
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PYMNTS
APRIL 8, 2016
With the addition of new capabilities, a restaurant waitlisting service is aiming to save diners time, both before and after their meal. TechCrunch reports that NoWait — which offers an app that allows users to virtually queue up for a table at casual dining restaurants (many of which don’t accept traditional reservations) in their vicinity — is adding mobile payments functionality.
PYMNTS
APRIL 8, 2016
Things that go bump in the payments night. . Hardly a cheerful sentiment to kick off the start of a webcast on how small and midsized businesses can get ahead of the payments game. But an old Scottish prayer that featured that very imagery served up by MPD’s Karen Webster sought to encapsulate the mindset of SMB owners and executives. In business, things are not supernatural, but are scary nonetheless. .
PYMNTS
APRIL 7, 2016
PayNearMe, which helps connect government agencies to cash payments, said on Wednesday (April 6) that, for the first time, U.S. taxpayers can make payments through conduits other than bank accounts or credit cards. The firm said in a press release that taxpayers can scan a PayNearMe barcode across a smartphone at thousands of 7-Eleven stores, and if they need to use cash to pay the taxes, they can do so at the register “just as if they were purchasing a gallon of milk or a cup of coffee.”.
PYMNTS
APRIL 7, 2016
The Fluid Faster Payments Conversation. For this month’s cover story, PYMNTS interviewed Jan Estep, NACHA’s CEO, about the continuing need to foster dialogue around what faster payments really means. . Here’s a sneak peek: . “The understanding of faster payments is really increasing across the ecosystem and that is good because it means then that people can start building new services and really support end users that want to embrace the concept of moving payments from one person or
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PYMNTS
APRIL 6, 2016
When somebody likes hot sauce, they really like hot sauce. It’s known as the condiment that peps up anything, from eggs to pizza to burritos. As the PG version of the Frank’s RedHot slogan goes, you can put that stuff on everything. So, why are we talking about spicy cuisine? Well, according to Fluent Cofounder Casey Lawlor, the blockchain is the Sriracha of FinTech, and banks and innovators are going a bit overboard with it.
PYMNTS
APRIL 7, 2016
While the line between online and offline commerce continues to blur, there has remained at least one retail category that appears to be safe from ever losing a brick-and-mortar element entirely: apparel. As no digital innovation has yet to emerge that can adequately replace the experience deemed essential by so many consumers who shop for clothes (particularly items that are more fashion -centric than utilitarian) — trying them on before they buy them — it has long been presumed that apparel re
PYMNTS
APRIL 6, 2016
The news from the Bureau of Labor Statistics (BLS) last week that the retail industry added 48,000 new jobs in March — bringing the increase to 378,000 new jobs over the past 12 months — appears to be positive on a number of fronts. First and foremost, it’s certainly a welcome development for any of those 48,000 workers who may have previously been unemployed.
PYMNTS
APRIL 5, 2016
As retailers tend to have more pressing day-to-day concerns than security — namely, selling their products to customers — it can be tempting for them to regularly presume, in acknowledging the endlessly escalating battle between cybercriminals and protective measure technologists, that the experts in the latter group will develop something to counteract whatever the bad guys come up with in short time.
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