Sat.Apr 29, 2017 - Fri.May 05, 2017

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Not Down For The Count, Cash Still Counts For Plenty

PYMNTS

Cash is dead? Keep a lid on the casket talk. In the latest webinar series, PYMNTS’ Karen Webster jumped into the findings of the Global Cash Index, gaining a sense of the story behind the numbers in the United States and the Americas in general. In conversation with Cardtronics’ Brian Bailey, managing director for Global Financial Institutions, and Tom Pierce, chief marketing officer of the firm, Webster noted that even with the rallying cry of a war on cash in the digital economies — and in eme

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The New CFO 90 Day Plan: How to be a Successful CFO

Planful

In this article, we discuss how to craft the new CFO 90 day plan with a CFO development plan, CFO advice, CFO required skills all focused on how to be a successful CFO. Initial changes for new CFOs include learning a new organization, working with a new boss, managing a new team, and implementing change in an existing culture. If you are a new CFO looking for advice on a successful first 90 days, read on.

CFO 40
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Mastercard CEO Counts 85M Global Masterpass-Enabled Accounts

PYMNTS

Card issuer Mastercard posted results Tuesday morning that bested analyst estimates, buoyed by increased spending by consumers globally, driven across both debit and credit cards. The bottom line, at $1.01, was six pennies ahead of the consensus estimate and up 12.7 percent from a year ago, while revenues of $2.7 billion were better than the $2.6 billion expected and were up 12 percent year over year.

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Trade Finance To Fuel Blockchain’s Rise This Year, Says IBM

PYMNTS

With so many consortia and internal development teams in play, it’s difficult to assess global banks’ progress on blockchain. But analysts assure progress is being made. Last year, IBM released surveys of 400 financial institutions across the globe to examine exactly how they’re positioned in their journey to develop and release real-world, working blockchain tools.

Finance 67
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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Ecommerce Fraud To Surge, Says Radial Data

PYMNTS

Credit card fraud is a fact that will likely continue to plague retailers for the foreseeable future. It’s on the rise in the eCommerce arena, according to data released from omnichannel commerce technology and operations company Radial’s eCommerce Fraud Technology Lab. In Q1 of this year, there was a 200 percent increase in credit card testing, up from 2016.

More Trending

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Why Banks — And Corporates — Still Feel The Heat From The SWIFT Hack

PYMNTS

It’s been more than a year since Bangladesh’s central bank was attacked by cybercriminals that took away $81 million by infiltrating the bank’s connection to the SWIFT network. Since then, there have been revelations about similar attacks at FIs across the globe, and the blame game began, with some fingers pointing to the bank’s own employees , North Korea and SWIFT itself.

Banking 57
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Visa Launches Tools To Help Partners Create Digital Card Services

PYMNTS

Visa , the credit card issuer, announced Thursday (May 4) that it will help its financial institution partners create customized digital card management services for their customers. In a press release, Visa said as the Internet of Things (IoT) grows, consumers put their cards on file and implement recurring payments in more places. To help give consumers more visibility and control, Visa is creating capabilities that will complement several existing Visa functionalities.

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Apple Watch Support Being Removed From Some Companies Apps

PYMNTS

Apple and its Apple Watch may have a problem on its hands as companies that made apps dedicated exclusively for the Apple Watch are giving up on the platform. According to a report , the companies have been quietly removing support for the watch in updates that they provide to the App Store. The report noted that over the past few weeks, Google Maps’ latest update to its iOS app removed support for the Apple Watch.

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Self-Proclaimed Nuns Make A Living Selling “Healing” Cannabis Online

PYMNTS

A business run by self-proclaimed nuns is making a living by selling “healing” pot online. Christine Meeusen, who goes by the name Sister Kate, is the founder of a medical cannabis company, which she operates out of her home in California’s Central Valley, according to Business Insider. Sister Kate’s goal is to erase the negative stigma around cannabis, as well as create jobs for women who believe in its healing powers.

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Planning Your Restaurant's 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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Carvana Stock Falls Short On First Day Of IPO

PYMNTS

Carvana Co., a leading eCommerce platform for buying used cars, saw its shares fall 16 percent on the first day of its initial public offering (IPO). According to Barron’s , the stock was down $2.33, or almost 16 percent, at $12.67, below its IPO price of $15. Founded in 2012, the Phoenix-based company sells cars through its website and operates automated towers that store cars in U.S. cities, such as Austin and Dallas in Texas and Nashville, Tennessee.

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New eMarketplace iVANZi Steps Into B2B

PYMNTS

A new online marketplace, iVANZi.com, operated by Retail Linx, is already expanding into new territory. The company announced Tuesday (May 2) that it will launch a wholesale marketplace for B2B buyers and suppliers with multiple payment options designed for the wholesale space. IVANZi verifies both buyers and suppliers on the platform and enables suppliers to upload their inventory for pre-approved wholesale buyers.

B2B 50
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Salesforce To Throw $100M At Developing Startups

PYMNTS

Salesforce is getting serious about helping startups that can help it — and is putting $100 million worth of money where its mouth is. Salesforce Ventures — the investment arm of the business — has launched a Salesforce Platform Fund to support early-stage companies. The goal of the new investment is “building an ecosystem of partners around us,” according to John Somorjai, executive vice president of corporate development and Salesforce Ventures.

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Building High IQ Bots

PYMNTS

Ever since Facebook made its big bot announcement in 2016, conversational AI (or chatbots) are all of a sudden everywhere — along with their promise to enable a smoother and more conversational way for a consumer to interact with a business. Emphasis on the word “promise.”. But as most consumers who’ve had a bot experience in the last year can attest, the real-world experience doesn’t always, or even often, live up to that promise.

Banking 48
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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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The Changing Identity Of The Gig Economy Worker

PYMNTS

With collective income slated to hit $680 billion this year, gig economy workers are a rising economic force — and one that is changing face. Traditionally, gig workers have been viewed as unskilled professionals that fall to part-time work because they can’t get full-time jobs. But Michael Ting, SVP, Digital Markets at Hyperwallet , explored with PYMNTS’ Karen Webster the evolving identity of the on-demand workforce, and how technology contributes to that change.

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Wells Fargo May Targeted Undocumented Workers With Fake Accounts

PYMNTS

Wells Fargo Chief Executive Tim Sloan denied the company had specifically targeted undocumented workers during the years workers were creating fake customer accounts , but according to a former Wells Fargo employee, Yesenia Guitron, that is exactly what Wells Fargo did. According to a report in American Banker , Guitron, who worked for Wells Fargo in St.

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Google And Facebook Scammed Out Of $100M

PYMNTS

It doesn’t matter where or who you are. Phishing attacks can happen to even the most vigilant among us. This point was driven home recently after it came to light that Facebook and Google found themselves out $100 million at the hands of one ambitious cybercrook. At the end of March , the U.S. Department of Justice (DoJ) announced plans to charge a man allegedly responsible for an $100 million business email compromise scam.

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NEWS: Mastercard Completes Acquisition of Vocalink

PYMNTS

Now that the ink has dried on the paper, Mastercard’s acquisition of Vocalink is now official, as announced today on Mastercard’s Q1 earnings release. In the digital world, with consumers increasingly turning online to make every day purchases or using mobile apps to do the same in physical stores, speed, efficiency and customer choice is essential.

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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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Off The Continent And Into Puerto Rico For Online SMB Lending

PYMNTS

For small businesses, expansion is key, and expansion needs capital. For small business lenders and for FinTech too, expansion is key; but for Biz2Credit, expansion is literal. In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients.

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Bitcoin Tracker: Blowing Past Milestones

PYMNTS

Sometimes it pays to be volatile — but there’s always the nagging risk of losing it all. Bitcoin’s value keeps breaking through ceilings again and again. What looks like a record high one day is left in the dust the next. It seems blowing past $1,400 at the start of this week wasn’t enough for the digital currency. Wednesday night into Thursday morning, trading saw bitcoin fly by another milestone: $1,500.

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AAA’s Gig Car Sharing Service Now Live In Bay Area

PYMNTS

Gig, a car sharing app created by AAA, the emergency roadside assistance service, is live in California’s Bay Area as of Monday (May 1). According to a report in TechCrunch , Gig comes out of A3 Ventures, AAA’s venture capital unit with the car sharing service which takes users one way and is now open in Oakland and Berkley. Gig takes a page from Enterprise’s CarShare or Zipcar , but what makes Gig different is that users don’t have to return the car to a specific location.

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Deutsche Post DHL CEO Confirms Delivery Deal With AmazonFresh

PYMNTS

Deutsche Post DHL, the German logistics company, is being tapped by Amazon to deliver groceries in Germany for AmazonFresh. According to a report in Reuters , citing comments Deutsche Post Chief Executive Frank Appel made at the company’s general meeting, Deutsche Post is aiming to be the service provider for online grocery sales. The deal, noted Reuters, is expected to alleviate concerns that Amazon’s own delivery services are a growing threat to Deutsche Post.

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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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OnProcess On Digitizing The Post-Sale Supply Chain

PYMNTS

The service supply chain, also referred to as the post-sale or after-sale supply chain, is rife with potential to be enabled by digital transformation. A quick primer on the space. Working in the service supply chain means planning and managing a range of activities after the sale of goods or services — from asset management, support functions and repairs to the delivery of end-user services.

Sales 46
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Walmart Makes Cash Cheap, Banks Balk At Bitcoin And Startups Struggle To Profit

PYMNTS

Last week, earnings managed to steal the front and center show. Amazon, Google, Microsoft, PayPal, Starbucks and MoneyGram all dropped their latest round of performance data on the markets — and investors and analysts were exuberant and/or terrified, depending on how closely those results conformed to what they thought was going to happen. But off the trading floors, the news cycle carried its own pace as Walmart made cash cheaper to send, bitcoin and the blockchain got a series of thumbs down f

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Can Push Payments Be The Ultimate Check-Killer?

PYMNTS

When it comes to accessing their money, today’s consumer wants it now, with the push of a button. As they grow bolder with this demand, consumer requirements for speed, simplicity and choice in how they get paid could soon make push payments technology a corporate standard. Several players in the payments space have recognized this urgent need for choice and speed and are stepping up to help companies offer this capability.

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Intuit Taps Machine Learning For Freelancer Expense Management

PYMNTS

As TechCrunch put it in its Tuesday (May 2) report, expense management for the self-employed “sucks.”. A new tool from QuickBooks Self-Employed is hoping machine learning technology can help with that. According to reports, the Intuit company is rolling out new expense management and invoicing features for independent contractors and freelancers. The publication said Intuit Senior Vice President and Chief Product Officer of Small Business Alex Chriss began exploring the issue around expense man

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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.