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There’s no question that mobile has established itself as a default channel as far as the average consumer is concerned, and the growing cottage industry of turnkey software-as-a-service startups proves that getting on mobile is as ironclad a requirement as it gets in commerce. But starting up a mobile operation is just one half of a potentially profitable coin.
Walletron , the bill presentment and payment capabilities firm, announced a partnership with Speedpay , the payment services company, in which Speedpay will offer Walletron’s moBills. With moBills, biller clients can send personalized notifications and bill information and enhance the payment experience to customers’ smartphones without them having to download an app.
Despite the fraud benefits that EMV has provided to retailers with terminals on their countertops, there has been one consistent refrain from retailers and their customers alike: It takes too long. Too long for terminals to be tested and certified and too long for consumers to insert their card and wait for the transaction to be approved. Help has arrived.
Ninety percent of the $10 trillion “push” payments market opportunity is concentrated in a variety of disbursements made between businesses and consumers that today rely on cash, checks and ACH to move money between those parties. Insurance payments, healthcare reimbursement, merchant settlements, loan disbursements, and payments to workers participating in the shared economy represent a $9 trillion opportunity filled with friction for both the sender and the receiver, with the remaining $1 tril
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
A new flaw has turned up in the chip-based cards on offer in the U.S. According to new data released by researchers at NCR, credit card thieves can apparently rewrite the mag stripe such that the card looks to be chipless when run through a card reader machine – even though such machines should kick back the swipe and tell the user to insert the chip.
Transferring money digitally just got even easier for Facebook users, now that digital money transfer firm Azimo announced it is integrated into Facebook Messenger. That means users can send and receive money through their friends list on Facebook. “With 1 billion people now using Facebook Messenger, we saw an opportunity to make our customers’ lives easier and change money transfer forever.
Transferring money digitally just got even easier for Facebook users, now that digital money transfer firm Azimo announced it is integrated into Facebook Messenger. That means users can send and receive money through their friends list on Facebook. “With 1 billion people now using Facebook Messenger, we saw an opportunity to make our customers’ lives easier and change money transfer forever.
With its stock value up 10 percent in after hours trading – Square has managed to please investors with losses smaller than expected, growing payments volumes and continuing signs of strength emanating from from its lending platform for small business, Square Capital. It’s a far cry from investor reactions during Square Q1 announcement , which saw Square’s after hours tradingstock price take a 12 percent tumble – as investors proved to be much more concerned about Square’s rising co
The latest reports by KPMG suggest another kind of fallout from the U.K.’s referendum vote last month. The company released its Fraud Barometer this week and said Brexit generated a “perfect ecosystem” for fraud, thanks to economic and market uncertainties. Analysts at KPMG warned that fraudsters could look to take advantage and “exploit people’s vulnerabilities and confusion about the future” that have risen since the referendum.
Westfield Corporation , which operates 32 gigantic shopping malls across America, has announced a partnership with advertising giant R/GA and 10 startups in hopes they will “grow innovative commerce and retail ideas.”. The partnership, part of the Westfield Labs division, is a startup accelerator dubbed the Connected Commerce Accelerator that provides the 10 startups with $120,000 in funding (in exchange for up to a 5 percent equity stake in the company) and access to research, insight, data and
The White House put out a call for info on the practical applications of artificial intelligence, and IBM has more than answered the call. The White released a formal request for information on the practical applications and potential risks of AI in June. “The views of the American people, including stakeholders such as consumers, academic and industry researchers, private companies, and charitable foundations, are important to inform an understanding of current and future needs for AI in divers
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
For most people, Christmas is the most wonderful time of the year. For Amazon, it is the busiest, hardest and most full of logistical nightmares. And one that tends to cost them money, because playing catch-up during the holiday season is a very expensive business. But this year, Amazon swears it is going to be different. This year’s plan is to get far ahead of the crush of orders by building big.
Ask a millennial about their checkbook and you’re likely to learn they don’t use one. But it isn’t just young consumers. More than ever, people are eschewing paper checks for new payment methods. A study from by the U.S. Federal Reserve reported that the number of checks in use declined by more than 50 percent over a 12-year period beginning in 2000.
Today, Mastercard announced that 80 percent of its U.S. consumer credit cards are now enabled with chips, marking an 88 percent increase in chip card adoption since the Oct. 1, 2015 EMV liability shift. The company also reported that, in its network, there are now 1.7 million chip-active merchant locations, which make up approximately 30 percent of the total merchant population in the U.S.
This week was the first week of the last full month of summer. That could make this week a Sizzle because it’s the last full month of summer so everyone is determined to make every day of every week count. Or a Fizzle – because it’s the last full month of summer and everyone is complaining about it being the last month of summer. We’re going with the glass-half-full-summer-is-always-a-sizzle approach.
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.
On-the-go payments seem to be climbing the ranks among corporate priorities. New research from Kaspersky Lab and B2B International says corporates are increasingly using mobile devices for accounting and payments. Reports on Thursday (Aug. 4) said more than 30 percent of companies across the world use a mobile device to either access business bank accounts or facilitate B2B transactions.
Oracle may have grabbed headlines with its $9.3 billion takeover of NetSuite earlier this week, but another technology giant is also making big moves in its investment game. Intel Corporation’s VC arm, Intel Capital, made not one but two of the largest venture capital investments this week, both of which landed at startups using high-tech Software-as-a-Service solutions for the enterprise.
We all know — and keep hearing almost ad nauseam — all about how the rise of online shopping is changing the very face of the retail industry and consumer habits. But what is that “changing face of retail” actually going to look like in a few years? Will consumers still shop at brick-and-mortar stores? How influential will mobile and social media be to their purchasing habits?
Buenos Aires may get a lot of recognition for being the hometown of Pope Francis, but it’s also receiving praise as a growing startup community. Argentina as a whole is vying for the top spot as South America’s startup capital, despite an uphill battle with its economic conditions. In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we take a trip south to check out how Buenos Aires is defying the economic odds and emerging as a top destination for startups and tech companies.
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.
According to the Federal Bureau of Investigation , cyberscams attacking businesses, known as the Business Email Compromise, has led to $3.1 billion in attempted stolen funds across 79 countries. On Tuesday (Aug. 2), INTERPOL announced a successful attack against some of those figures. The International Criminal Police Organization said it has arrested the alleged ringleader of an international business email scam based in Nigeria.
Who doesn’t like a trip to Times Square? After all, it’s not called the Crossroads of the World for nothing. And a ton of people visit Times Square every day. A ton. Times Square is the most visited place in the world daily, with roughly 360,000 pedestrians swinging by each and every day, according to the Times Square Alliance. That’s more than 131 million visitors a year!
Buying and selling a home involves lots of parties and lots of time spent going back and forth on the negotiations. Uber Cofounder Garrett Camp is trying to streamline that process with his latest startup Haus. Brought to the world from Camp’s Expa Studios, Haus digitizes the whole buying and selling of a home or property, creating a place for all the parties to communicate.
There is seemingly no end to the discussion of how automated accounting can improve a business’ performance. The market is on the cusp of a groundswell of adoption of these technologies, says Therese Tucker, CEO of accounting solutions firm BlackLine , after a long lull among mid-market firms. The literature agrees that automated accounting streamlines operations within the accounting department.
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While many consumers worry about protecting their digital financial identities, billions of people around the globe are concerned about not having these identities at all. In fact, 38 percent of adults throughout the world are considered to be unbanked. Although many FinTech institutions are working to change this, their initiatives also run the risk of monopolizing identity, something Travis Jarae, who has worked in the identity verification field for companies including Citi, Deloitte and now
Few harbingers of the future have managed to unsettle so many in retail as the advent of automation. To a pundit, it spawns examples of doomsday-esque predictions about the end of labor as we know it – but a new study could turn all that on its head. According to a recent study conducted by researchers at the Netherlands’ Utrecht University, automation’s necessary replacement of some human jobs might actually have a net positive effect on employment and economic opportunities a
Authorities in Niigata, Japan are making headway in their investigation of a heist that took place back in May where approximately $17.3 million was stolen from cash machines across the country in a single day. The Japan Times reported that Niigata police arrested 11 men in connection with the crime, which impacted about 1,400 ATMs total during the heist.
For a startup that’s done some pretty heavy lifting to successfully recruit merchants to join an innovative new eCommerce platform, being front page news lauding its accomplishments is always great news. And Boston-based D rizly ’s news yesterday of its $15 million in Series B funding was a noteworthy milestone, for sure. . “ This round will help us really drive awareness.
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.
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