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“It’s better to be a dog in a peaceful time, than to be a human in a chaotic period,” is the literal translation of what has been proffered over the years as English translation of the Chinese saying “May you live in interesting times.”. That, of course depends on who you ask. I recently asked Paul Galant, CEO of Verifone. From his days as CEO of Enterprise Payments at Citi to now CEO of the world’s largest electronic POS technology provider, Galant has seen and lived thru a number of interestin
Leading organizations in the industry are turning to business intelligence (BI), analytics, and enterprise performance management (EPM) software solutions to help them better monitor and manage their operations. That was the focus of a recent event co-sponsored by Planful , along with our partners Waypoint Consulting and Qlik. The event featured presentations by a number of leading healthcare providers and consultants.
The retail industry is facing a virtual change: virtual reality. InContext Solutions announced it’s collaborating with Intel to develop new virtual reality (VR) hardware and software for the retail industry. The goal, a combined release said, is to provide the “best-in-class VR solution” and meet the changing needs of the retail ecosystem. VR does seem to be the next, almost futuristic phase of how we view the world.
Can the unbanked benefit from bitcoin, or are they merely the experimental subjects of bitcoin adherents, lobbyists and scientists? This week’s Bitcoin Tracker takes a look at the recent bitcoin projects that are in the news and that are targeting the unbanked. Bitso Eyes The Latin Market. The regulatory framework for bitcoin is a mess in Mexico, as it is in most countries, but Bitso, a bitcoin exchange startup, sees a future in Mexico and Latin America.
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
EMV: The three little letters that represent the single most hotly debated and discussed topic in the U.S. payments and commerce ecosystem for nearly the entirety of the last two years. The walk to the liability shift in this market last October was technically four years long, but in reality, EMV didn’t become an absolute certainty until Dec. 19, 2013.
New research from Zscaler highlights an online scam to obtain credit card information from Magento’s eCommerce platform. Over the last three months, hackers have compromised over 400 retail sites that run Magento. The hackers injected malicious JavaScripts into the sites, and users are taken to a fake payment page where their information is stolen after it is entered.
New research from Zscaler highlights an online scam to obtain credit card information from Magento’s eCommerce platform. Over the last three months, hackers have compromised over 400 retail sites that run Magento. The hackers injected malicious JavaScripts into the sites, and users are taken to a fake payment page where their information is stolen after it is entered.
Gone are the days when bank robbers wore face masks and carried guns and dynamite to get into safes. Now, all they need is a comfortable chair and a PC. Earlier this year, cybercriminals stole $81 million from the Bangladeshi central bank, and they also stole the trust that the SWIFT global payments network had built with its 11,000 users. Payments networks must constantly find new ways to battle incoming digital threats.
Zurich may not be at the top of the tech hub list in Europe just yet, but it surely aspires to be. Banking and finance are key industries within Switzerland, and the country’s reputation for a competitive economy may make it the perfect breeding ground for FinTech greatness. In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we take our first trip to Switzerland to see how the country’s largest city is looking to make a huge impact in the global FinTech scene.
Record-breaking digital attacks from the same unnamed individual or group have recently taken down a host of online sites. According to Forbes , these significant distributed denial of service (DDoS) attacks even successfully knocked independent cybersecurity news site Krebs on Security offline last week with somewhere between 600 gigabits per second and 700 gigabits per second of traffic.
Major cities in Europe may not be the only ones after London’s FinTech crown. A new reported from the Association of Chartered Certified Accountants (ACCA) stated that Singapore’s fast-growing and lucrative FinTech sector is standing out as many larger rivals around the world are impacted by regulatory challenges and political turmoil. The report explained that regulatory issues in the U.S. and Europe, including the fall out of Britain’s decision to leave the EU earlier this year, has helped Sin
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
Ripple, the provider of financial settlement solutions, announced on Friday (Sept. 23) a number of global banks joining forces to create the first interbank group for global payments based on distributed ledger technology. According to a press release , Ripple said Bank of America Merrill Lynch , Santander, UniCredit, Standard Chartered, Westpac Banking Corporation and Royal Bank of Canada are the founding members of the organization, known as the Global Payments Steering Group (GPSG).
Sometimes the pressure to come up with the “next best idea” can overshadow the opportunity to deliver the best answer to the problem. Rudolf Booker , CEO and founder of Payvision , joined PYMNTS for the latest segment in the Commander in Chief series to explain why sparking innovation in payments may mean looking outside the payments industry itself to bring about real and lasting change.
PayLease, the payments, billing and utility expense management company focused on property management companies and homeowners associations (HOA), announced on Tuesday (Sept. 27) a strategic partnership with PayPal. Under the partnership, renters and homeowners will have more options when paying their property manager online. HOAs and property management companies who use PayLease can now accept PayPal for transactions when collecting rent and homeowners association dues.
The way we shop and buy has changed drastically in recent years. Consumers want what they want, when they want it, and payments is no exception. The transformation in payments is happening now. More purchases are digital and mobile and are influenced by social channels. Today’s consumers have more options than ever, and FIs are beginning to worry. According to Celent, more than half of all FIs say they feel a loss of control, and more than 80 percent worry about becoming and staying top-of-walle
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.
When one door closes, another one opens. Or, is it a window? Either way, these sayings aren’t so encouraging when it comes to cybersecurity. Hackers are ready and waiting to find an opening or vulnerability allowing them access to do damage. You don’t have to look far to see security flaws leading to massive data breaches. Security experts believe that may be what happened to Yahoo — the tech giant confirmed that over 500 million user accounts were compromised by hackers, marking what is said to
Samsung is looking to introduce biometric authentication capabilities to mobile devices, a move that could have significant implications for the enterprise world. Reports on Friday (Sept. 23) said Samsung IT unit Samsung SDS is collaborating with vision and voice tech firm Sensory to imbed biometric recognition capabilities for banks and enterprises in an effort to safeguard their mobile transactions.
Just over three months since Brexit, and the world is starting to see how it’s affected Britain and its economy. Some examples are too micro to overlook. Reuters reported that a British metalworking firm, Robert Bion & Co., planned to install a three-meter robotic arm, which would speed up production. Because of the vote, the Reading-based factory froze adding of said arm. “We’re waiting to get a clear idea of what the future might be before we make any significant investments,&#
The growth of international markets has brought much attention to Global Citizens , who have very specific payment needs when moving money outside of their home country to fulfill their personal and family ambitions. Oftentimes, institutions looking to expand their acceptance of international payments are ill-equipped. While they may have a payment environment in place that works domestically, being prepared to meet the challenges and demands that come with a new global business opportunity requ
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.
Just last week, Yahoo fell victim to what could be the biggest data breach in the digital era. Over 500 million Yahoo accounts have been compromised by hackers, according to emerging reports. Yahoo confirmed certain user account information — including names, email addresses, telephone numbers, dates of birth, hashed passwords and, in some cases, encrypted or unencrypted security questions and answers — was stolen from the company’s network in late 2014.
The possible use cases for blockchain are seemingly endless, but when behemoths like Microsoft and Bank of America Merrill Lynch (BAML) offer their take on how to harness its potential, the industry tends to pay attention. This week, the two announced a partnership to develop blockchain-based solutions for a targeted space: trade finance. They may be some of the biggest, but Microsoft and BAML aren’t the first companies to land on this use case for distributed ledger technology.
Could be the beginning of a riddle: Why did a new caucus and an incubator show up on Capitol Hill? Trick question, no riddle here: In all of about 48 hours, Washington, D.C. showed that America’s capitol has increased interest in blockchain — through the formation of a caucus and an incubator. Earlier this week, blockchain arrived on Capitol Hill by way of the formation of the Congressional Blockchain Caucus focused on examining and educating lawmakers on the payments technology and issues asso
A new collaboration may be bringing fingerprint payment authentication online via personal computers. Tech companies Intel, Lenovo and Synaptics recently announced they are teaming up on new technology that will enable people to verify their identities for online payments by using their fingerprints. The new biometric system for personal computers will be used for payment services, like PayPal, and adhere to security standards developed by the FIDO Alliance.
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ACI Worldwide, a global provider of real-time electronic payment and banking solutions, and VocaLink, a global payments systems company, announced on Tuesday (Sept. 27) a partnership to launch a domestic or regional immediate payments network. In a press release , the companies said it is the first global strategic partnership of its kind and will offer participants a pre-integrated solution, enabling quicker onboarding to the payments scheme and broader reach to more scheme participants in a fa
The European Union’s police agency, Europol , has seen a significant spike in the number of cybercriminals gaining from malicious activities. The latest data from the group found that Europol’s European Cybercrime Centre launched 131 successful cyberoperations in 2015, which is an increase from just 72 operations in 2014, The Wall Street Journal reported on Wednesday (Sept. 28).
Global digital payment volume is slated to hit a new high this year of 426.3 billion transactions. That’s according to Capgemini and BNP Paribas, which recently released new research through the 2016 World Payments Report (WPR). Paris-headquarterd Capgemini, a consulting and technology firm, has headlined the report for the past 12 years. This year’s annual growth is projected to top 10 percent for the first time, an increase compared to 8.9 percent growth the previous year (387.3 billion transa
As technology evolves and customers increasingly expect exceptional service, both offline and online, many merchants recently made moves to ensure they’re providing consistent in-store, mobile and online shopping experiences by offering new products and services created by developers. From app-to-app marketplaces to products being launched, there has been no shortage of innovation on display across the developer space recently.
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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