Sat.Jul 16, 2016 - Fri.Jul 22, 2016

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With Blockchain, It’s Time For Less Talking, More Doing

PYMNTS

ATB Financial just completed the sending of a payment from its home base of Canada to a bank in Germany in 20 seconds via blockchain. Admittedly, most consumers, says SAP Senior Principal of Financial Services Kris Hansen, would simply shrug at this accomplishment. But, he said, they’re missing the point. The bank first announced the payment last week, an effort completed with the collaboration between ATB Financial, SAP and blockchain fintech company Ripple.

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Visa And PayPal Partner To Accelerate Digital Payments

PYMNTS

Visa and PayPal today (July 21) announced a strategic partnership that will combine the power of the largest payments network in the world with the largest digital payments network in the world to give consumers more choice about how they pay when using their PayPal accounts. According to a release that was issued by PayPal announcing the deal, “the partnership puts PayPal and Visa on a new path with the companies working more collaboratively to accelerate the adoption of safe, reliable and conv

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Ransomware Attacks Targeted At Businesses On The Rise

PYMNTS

Ransomware may have started with consumers, but attacks against businesses and large organizations are on the rise, according to Symantec ’s Ransomware and Businesses 2016 report. The security software company said that, while individuals accounted for 57 percent of the recorded ransomware attacks in 2015, attacks on companies and larger organizations increased at the end of the year.

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Who’ll Be The ‘Netflix’ Of Payments?

PYMNTS

If you’re like most people, at some point over the weekend, you probably watched something on Netflix. Eighty-one million people consume more than 100 million hours of programming every day via this wildly popular app. I am one of those 81 million people who, this month, is hooked on the drama of the Rayburn family in “ Bloodline.” That Danny Rayburn is one bad dude.

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Planning Your Restaurants 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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Mastercard On Why VocaLink – And Why Now

PYMNTS

Lock, stock and barrel. That may be the perfect way to sum up Mastercard’s announcement yesterday (July 21) that it struck a deal to purchase nearly all – at 92.4 percent – of VocaLink for approximately $920 million. Though the purchase of London-based VocaLink is sure to open the door for Mastercard to play a role in the company’s key payment technology platforms for U.K. payment schemes, it also contributes to Mastercard’s overall vision for the future of commerce.

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Discover Beats Street EPS on Card and Loan Growth

PYMNTS

Discover Financial Services beat estimates on the top and bottom lines for the second quarter as the firm saw total loans grow to just under $72 billion, up four percent. That loan growth showed attendant growth in credit card lending, student loans and other credit products. The net income per share was $1.47, five cents better than the Street had forecast for the second quarter.

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Easing The Sting Of Bank Loan Rejection

PYMNTS

Rejection is a tough pill to swallow, especially if you’re an entrepreneur looking to build up a new business. A recent survey by the Federal Reserve found that there is an 80 percent chance that a bank will reject you for a loan if you are a startup or a small business. Yet, traditional banks remain the top destination for small business owners when seeking financing, and while there are alternative options out there should the business get denied, analysts agree that SMEs should get educ

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How To Celebrate Emoji Day

PYMNTS

For those looking for something to celebrate this weekend, the world hasn’t really come through. Sure, maybe you can throw an off-the-wall unboxing party as your newly ordered toilet nightlight from Amazon Prime Day arrives. But for the rest of us, things look a little less than celebratory. Something rather ominously called a “ heat dome ” is setting up to effect over 75 percent of the U.S. starting Sunday (July 17), and the only thing more tragic than the horrific news out of Nice yesterday i

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Millions Impacted By Worldpay Outage

PYMNTS

Some online gamblers and eCommerce website operators are up in arms after being blocked from receiving daily payments because of an outage at Worldpay, the United Kingdom payment processor. Worldpay’s customers include British Airways. According to a report , the outage has been going on for three weeks, angering some companies who have been contending with upset customers.

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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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First Data’s ‘Game-Changing’ mPOS Play

PYMNTS

When First Data quietly announced its purchase of Clover in 2013 – the move was widely covered as a competitive answer to Square (and its many imitators). The common narrative was a tale of two payments hardware firms – with Square playing the part of the of the streamlined payment platform best for super-new SMBs that didn’t need a lot of extra functions and Clover cast as the heavier-duty option for more established small businesses that needed more back end functionality.

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Is Snapchat The Future Of Commerce For Brands?

PYMNTS

So, how can you get your hands on the newest and hottest pair of Warby Parker shades — a “head-turning Haskell in Crystal, now with new silver mirrored lenses” that’s retailing for $95? Nope, you won’t be able to purchase them at WarbyParker.com or anywhere on the hip eyewear purveyor’s burgeoning list of brick-and-mortar retail stores. No, the only way you can get your hands on these “exclusive” bad boys is if you follow Warby Parker on Snapchat , where the brand shared a Snapchat story with it

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Rio 2016 To Highlight Major X-Border Procurement Risks

PYMNTS

We’re a few weeks away from the opening ceremonies of the 2016 Summer Olympic games, to be held, this time, in Rio de Janeiro, Brazil. With them, a surge of millions of people will enter the city from all over the globe. It’s a massive opportunity for cross-border commerce , and payments technology companies are taking advantage. But away from the face of the consumer, the Olympics also offer a new hub for international procurement.

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Pokémon GO Shows Retail How To Do AR/VR Right

PYMNTS

Retailers can’t be held entirely liable for the ham-fisted ways they’ve tried to push virtual and augmented reality onto consumers, who — like retailers themselves — don’t quite know what to make out of the technology just yet. When these potentially transcendent platforms are put to retail use, it can almost seem like an anticlimax of breakthrough tech being relegated to old experiences.

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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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Retail Sales Increased In June, Beating Wall Street Views

PYMNTS

Retail sales got off to a shaky start this year, but things seem to be turning around for the U.S. retail and food services industries, which saw an uptick in sales in June. The U.S. Census Bureau reported on Friday (July 15) that retail and food services sales for June came in at $457 billion, up 0.6 percent from May and up 2.7 percent year over year.

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Amazon Eyes Food Delivery Service In London

PYMNTS

Amazon has already dominated the online shopping and clothing markets, and now, it is setting its sights on the food delivery industry, something that startups, including Uber, have been eyeing. According to a media report , which cited several unnamed technology and food industry sources, Amazon is mulling launching its Amazon Restaurants service in London.

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India’s Tech Center Underdog Fights Back

PYMNTS

Considered to be one of India’s most developed cities, Pune is making a name for itself as a go-to tech hub in the country. In recent years, the city has seen an exponential growth of its startup community and may be on its way to taking the country’s startup capital top spot. In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we land in the growing tech ecosystem of India to check on the small city of Pune and how it wants to make a big name for itself as a global tech hub.

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Edward Snowden Develops iPhone Case Spies Couldn’t Hack

PYMNTS

Edward Snowden has long been warning the world about what the government can do with data gleamed off an iPhone or mobile device. But now he is putting action to his word by rolling out an iPhone case that he alleges even a spy couldn’t breach. Teaming up with well-known hacker Andrew “bunnie” Huang, the two designed the device, which is a piece of hardware that you put on your iPhone.

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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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Sizzle Or Fizzle: One Momentous Day in Payments

PYMNTS

Just when you think that it’s going to be hard, once again, to find a Sizzle, yesterday happens. SIZZLE. Payments and Consumer Choice. What a difference a day makes. Two days ago, the payments ecosystem was humming along as it always does. Maybe even more boring than usual. Summer doldrums. The next day, July 21, it goes into sizzle overdrive. The day began with Mastercard announcing an acquisition of epic proportions : VocaLink.

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Malware Attacks Experience Drastic Upswing In 2016

PYMNTS

Despite efforts by companies and security professionals to protect the nation’s computer systems, incidents of malware attacks are on the upswing, coming at a rate that is close to four times last year. According to AppRiver’s second quarter Global Security Report , between April 1, 2016 and June 30, 2016 the security firm recorded 4.2 billion malicious emails and 3.35 billion spam emails.

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Concur Nabs Exclusive Uber For Biz Deal

PYMNTS

Uber for Business expanded its expense management capabilities for corporate travelers last March when it announced partnerships with Certify, Expensify and Chrome River, all to automate the capture of ride transaction data for an expense report. On Tuesday (July 19), Uber for Business announced the expansion of its collaboration with another T&E firm, Concur , that goes beyond capturing spend data.

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WEX Partnership Broadens Its Insurance Presence

PYMNTS

As corporate payments firm WEX looks to strengthen its presence in the insurance sector, the company revealed a new partnership to help in the process. On Thursday (July 21), WEX announced a collaboration with Aquarium Software , a global insurance technology company that focuses on niche insurance segments, like pets and travel. WEX will provide its virtual payments solution for Aquarium to provide end-to-end payments for its business clients; their partnership will first begin with Aquarium

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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.

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FBI Pinpoints ‘Ground Zero’ For Supplier Email Scams

PYMNTS

The Federal Bureau of Investigation has been targeting the Business Email Compromise for years, warning companies to be aware of fake supplier emails and invoices requesting firms to wire funds. A new notice from the FBI continues its crackdown of the scheme and pinpoints what reports call “ground zero” for the scam. According to reports published on Tuesday (July 19), Hong Kong is the epicenter of these business email scams, with fraudsters already nabbing (or attempting to steal)

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Walmart Turns Visa Away In Some Stores In Canada

PYMNTS

It looks like Walmart Canada wasn’t bluffing. As of Monday the retail chain has officially stopped taking Visa cards in several locations after failing to reach a deal with the card network over what it called “unacceptably high” fees. The coming controversy first became headline fodder about a month ago – when Walmart announced that it had been unable to come to an agreement with Visa on an “acceptable” fee.

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Is Paying With Cash More ‘Painful?’

PYMNTS

How did you pay for your coffee this morning? If you’re among the group of people who prefer paying in cash over a credit card, debit card or mobile payment app — and yes, there are those people out there — a new study reveals that you might actually be more “proud” and emotionally connected to your purchases than the average costumer. A new study by Avni M.

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Investors Want Uber, Didi To Halt China Squabble

PYMNTS

A group of behind-the-scenes investors are pushing to have Uber cease its escalating war with Didi Chuxing, China’s largest taxi cab-hailing company, over control of the lucrative Chinese marketplace because they fear it is costing the company too much money, according to a Bloomberg report. Sources told Bloomberg that Uber was spending “billions” on its China expansion but facing an uphill challenge from Didi.

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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

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The Investments Keep On Coming And ‘Uber For Trucks’ Banks $10M Investment

PYMNTS

Brazil is getting a lot of press time these days, but that isn’t too terribly surprising since the 2016 Olympics are gearing up to kick off in in about two weeks. But innovation watchers have been watching Rio and Brazil in general for some time as the nation increasingly becomes an incubator nation for FinTech development and talent. One of the leading startups in the emerging Brazilian class is CargoX, a service that has been (unsurprisingly) described as the “Uber for Trucks.̶

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When Cross-Border Payment Pain Leaves Both Sides Hurting

PYMNTS

[link]. There’s a global phenomenon afoot that takes the notion of cross-border payments to a new level – the high value-low frequency transactions made by a whole new category of sender – the Global Citizen. These individuals aren’t wealthy by most developed country standards – with annual incomes that hover around $40,000 USD – but are part of the emerging middle class in countries like China, India and South Korea who now have the discretionary income to spend on the things that matter most t

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Where SMEs Should Rethink Their Priorities

PYMNTS

Do small and medium-sized businesses have their priorities straight? In some cases, research suggests, business owners are a bit misguided and possibly stuck in the past. Researchers last week found evidence that SMEs remain committed to growth and value their relationships with traditional banks. However, when it comes to embracing innovation, some companies are hesitant to put adoption of technology at the top of their to-do lists.