PYMNTS

MAY 20, 2019

Mobile commerce might just be the key to saving brick-and-mortar stores. Consumers use their smartphones to shop for everything, everywhere – including using them to help them shop in-store. What’s more, consumers who use their smartphones while shopping in-store visit them more often than consumers who don’t. As much as 81.5 percent of consumers who do say they visit brick-and-mortar shops every day or every week.

Leverage 90

Leverage Retail eCommerce 90

CFA Institute

MAY 22, 2019

Why does emotion so often outweigh logic in decision making?

Economics 59

Economics Finance 59

Creative CFP

MAY 22, 2019

ESTABLISHING STRUCTURE AND GAINING CONTROL THROUGH TWO LEADING CLOUD-BASED SYSTEMS: DEAR INVENTORY AND XERO ACCOUNTING Business type: Manufacturing Industry: Spirits Size: 1 0+ employees, 3 locations Distribution: South Africa - 90 + Outlets Region: South Africa Integrations: Dear, Xero Customers since: June 2017 Website: www.musgravegin.co.za Musgrave is an artisanal gin and spirits brand founded by Simon Musgrave.

Financial Systems 52

Financial Systems CFO Manufacturing Accounting 52

PYMNTS

MAY 23, 2019

Kaspersky Lab, a cybersecurity and anti-virus company, has reported a rise in a specific malware intended to steal money and credentials from people’s bank accounts. The company found 29,841 files of the malware in Q1 of 2019, which is up from 18,501 in Q4. Attacks on upwards of 300,000 users were detected. Kaspersky Lab released its IT threat evolution in its Q1 2019 report.

Banking 83

Banking Securities Accounting 83

Speaker: Joe Wroblewski, Sales Engineer Manager

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

Accounting Firms

PYMNTS

MAY 22, 2019

Corporate payments technology firm Bill.com is rolling out a new platform designed to deploy artificial intelligence (AI) for automated workflows. In an announcement on Wednesday (May 22), Bill.com said it has launched the Intelligent Business Payments Platform for small and medium-sized businesses that need a more efficient business payments solution.

Invoicing 80

Invoicing Technology Securities Investments 80

PYMNTS

MAY 22, 2019

Mastercard and Interac, the global and domestic payment networks, announced Wednesday (May 22) they are collaborating to offer customers in Canada a fast and easy way to send money internationally. In a press release , the companies said Interac is using Mastercard Send, a push-payments service to send money cross-border, on the Interac eTransfer platform.

Banking 76

Banking Leverage Securities Accounting 76

PYMNTS

MAY 23, 2019

The B2B space is ripe for transformation, where outdated payment processes mark accounts payable (AP), and where technology can make all the difference as corporates choose their banking partners to satisfy their payment needs. To that end, Jessica Moran, general manager of Paymode-X Business Solutions at Bottomline Technologies , noted the continued (and accelerating) collaboration between banks and FinTech firms.

Banking 76

Banking Accounts Payable Leverage Technology 76

PYMNTS

MAY 21, 2019

Payment company Allied Wallet and its owner, Ahmad Khawaja, as well as two officers, Mohammad Diab and Amy Rountree, have settled with the Federal Trade Commission (FTC) over allegations of knowingly processing fraudulent transactions related to scams, the FTC reported on Tuesday (May 21). Allied Wallet was accused of processing payments for firms that were known by law enforcement agencies as fraudulent, such as Stark Law, a debt collection scheme; TelexFree, a pyramid scheme; and MOBE and Digi

Banking 76

Banking Sales Marketing 76

PYMNTS

MAY 22, 2019

A new service launched Wednesday (May 22) called Plaid Direct enables “two-way connectivity across the financial ecosystem and makes it easier for consumers to move money between their accounts — whether it’s in a neobank, FinTech, or big box bank account,” according to a statement from Plaid. In a blog post , the company said it now offers a “lightweight integration specification that allows banks and FinTech applications to quickly and easily become a data source in the Plaid network.

Banking 76

Banking Accounting Securities Technology 76

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Accounting

PYMNTS

MAY 22, 2019

There is no “i” in team — every coach’s mantra. Guess what, though? That’s only half the story when it comes to the concept of working together for the greater good. As it turns out, “payments is a team sport,” at least in the view of Manish Kohli, global head of payments and receivables at Citi. In a recent PYMNTS discussion with Karen Webster, Kohli dug deep into how financial institutions (FIs), FinTech firms and others need to find ways to work together to advance the cause of digital paymen

Treasury 75

Treasury Banking B2B Sales 75

PYMNTS

MAY 24, 2019

Intelligence of Things (IoT) devices are continuing to gain popularity. By some estimates, more than 14 billion devices are expected to be in use by the end of the year. However, with this growth comes the increased risk of data breaches and fraud. It has also raised concerns among privacy advocates and security experts, with many warning against the dangers of weak security protocols and constant vigilance.

Securities 75

Securities Transportation Manufacturing Technology 75

PYMNTS

MAY 22, 2019

Target notched an impressive beat when it reported its Q2 earnings earlier this morning (May 22), with earnings and sales both clearing analyst predictions. Net income clocked in at $795 million, or $1.53 per share. That is a beat on results at this time last year, when Target reported earnings of $718 million, or $1.33 a share, a year ago, well ahead of analyst estimates of an EPS of $1.43.

eCommerce 75

eCommerce Sales Economics Retail 75

PYMNTS

MAY 19, 2019

New York’s Department of Financial Services seized Municipal Credit Union , New York’s oldest credit union, on Friday (May 17), saying it is facing “unsafe and unsound” conditions. The move comes after its ex-Chief Executive Officer Kam Wong pleaded guilty to embezzling funds, reported Reuters. According to the report, the former CEO pleaded guilty in November to embezzling millions of dollars from the credit union.

Invoicing 72

Invoicing Securities Banking 72

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PYMNTS

MAY 22, 2019

As the need for speed increases worldwide, banks and other financial players are adapting payments to work smarter — not harder. Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par.

B2B 72

B2B Compliance Securities Banking 72

PYMNTS

MAY 22, 2019

Mobile commerce has become part of the daily routine for many consumers — who are not just using devices to shop on the go, but also in-store and for a variety of product categories. In the 2019 edition of the Remote Payments Study , PYMNTS collected and analyzed survey data from 2,300 American consumers to see how shopping habits have changed and evolved from last year.

Retail 71

Retail Technology 71

PYMNTS

MAY 21, 2019

Commuters in Portland, Oregon and Vancouver, Washington can now add a digital Hop Fastpass card to their iPhone or Apple Watch, thanks to an alliance between Mastercard and Apple. Mastercard announced Tuesday (May 21) that using Mastercard token services, commuters can add a card purchased through the Hop Fastpass App to Apple Wallet and tap their iPhone or Apple Watch to get on board public transportation.

Transportation 69

Transportation Technology Planning Banking 69

PYMNTS

MAY 22, 2019

The first time is a charm. In fact, the first time must be a charm. No, we are not talking about first dates or so-called “meet cutes” in movies. We are talking about consumer acceptance of contactless payments in the U.S. – specifically, the use of such payments for mass transit in New York City. It’s an unforgiving environment where people are famously told not to look too long at other riders, so you can imagine the frustrations in store if those payments should fail while someone is trying t

Transportation 68

Transportation Education Retail Technology 68

Speaker: Victor C. Barnes, CPA, MBA

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.

Accounting

PYMNTS

MAY 20, 2019

Vending machines, increasingly, are ditching the dollar bills in favor of payments rendered in bits and bytes. Kiosks are increasingly becoming part of the retail landscape. As reported in the latest Unattended Retail Tracker , done in partnership between PYMNTS and WorldNet Payments, unattended retail is gaining traction worldwide, on the heels of growth in consumer demand and as employers look to increase their operating profits.

Retail 68

Retail Forecasting Leverage Sales 68

PYMNTS

MAY 19, 2019

The New York City taxicab industry has been suffering, with a series of suicides plaguing taxi drivers over the past year as they struggle with debt and financial strife. While New York City has long blamed Uber and Lyft for the industry’s woes, a New York Times investigation found the fault lies with industry leaders. An investigation by The New York Times shows industry leaders artificially drove up the price of taxi medallions.

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PYMNTS

MAY 22, 2019

The old adage is that a journey of 1,000 miles begins with a first step. In banking, the customer journey, of course, begins with the first steps involved in setting up a relationship — offering up names, addresses, Social Security numbers (SSNs) and a wealth of other data to set up accounts. However, that’s a process that needs to keep up with the times.

Accounting 67

Accounting Banking Leverage Numbers 67

PYMNTS

MAY 20, 2019

Clinc, the AI startup, has raised $52 million in venture funding in a Series B round of venture funding. VentureBeat , citing the company, reported the $52 million was more than eight times its Series A raise in February of 2017, when it raised $6.3 million in funding. The Series B round was led by Insight Partners and included participation from DFJ Growth and existing investors Drive Capital and Hyde Park Venture Partners.

Startups 65

Startups Investments Technology 65

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

Finance

PYMNTS

MAY 20, 2019

Large U.S. banks are seeing a deterioration in commercial lending portfolios for the first time in three years, according to a report by the Financial Times. The news is making some investors worried about whether it’s the start of a trend, considering the relatively strong state of the economy. Ten of the biggest commercial lenders saw non-performing loans rise 20 percent in Q1, or about $1.6 billion.

Banking 65

Banking Economics Numbers 65

PYMNTS

MAY 20, 2019

The number of ATMs installed during 2018 declined by 1 percent on a worldwide basis, found RBR, the research firm. In a press release , RBR said the number of ATMs stood at 3.24 million at the end of 2018 and that the decline was due to branch closures and growing popularity of mobile payments. In RBR’s new Global ATM Market and Forecasts to 2024 report, it found the number of ATMs declined in four of the five largest markets last year.

Forecasting 65

Forecasting Numbers Banking Retail 65

PYMNTS

MAY 20, 2019

NCR, the payments company that makes self-service kiosks, point-of-sale terminals and automated teller machines, among other payment devices, has reportedly tapped Bank of America Equities to find a buyer. Seeking Alpha , citing a DealReporter story, reported that Warburg Pincus has been in discussions with NCR during the past few weeks about a deal.

Leverage 65

Leverage Sales Banking 65

PYMNTS

MAY 24, 2019

The more things change, the more things stay the same. The merchant acquiring, processing and services industry has seen its share of headlines so far this year, with big players coming together in waves of deal-making to get bigger, and provide a greater range of processing and payment services. The year started off with a bang, as Fiserv struck a $22 billion megadeal to acquire First Data , aiming to offer “a one-stop shop” for integrated offerings to banks, merchants and service providers.

Banking 64

Banking Economics Securities Retail 64

Speaker: Mark Gilham, FCCA, CPP

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.

Finance