Sat.Oct 20, 2018 - Fri.Oct 26, 2018

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FICO To Debut New Credit Scoring System In 2019

PYMNTS

Fair Isaac, creator of the FICO credit score, will be rolling out a new scoring system in early 2019. According to the Wall Street Journal , the UltraFICO Score should help many consumers get approved for loans because it factors in how consumers manage the cash in their checking, savings and money-market accounts, which could serve as an indication of how likely they are to repay their debts.

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Simple Sales Efficiency Metrics for SaaS Leaders

The SaaS CFO

I have spent years forecasting software and SaaS company financials. One area of the P&L that receives extra scrutiny from leadership and investors is the sales and marketing area. It’s easy to get lost in a sea of SaaS metrics, but in this post, I’ll focus on a couple easy and popular (meaning important) SaaS […]. The post Simple Sales Efficiency Metrics for SaaS Leaders appeared first on The SaaS CFO.

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Asia Corporates Replacing ACH With Cards, Citi Finds

PYMNTS

Corporates across the Asia Pacific region are increasing their use of commercial card products, according to a new report from Citi. Reports in The Asset on Thursday (Oct. 25) said Citi’s Asia Pacific Commercial Cards Survey 2018 revealed businesses in the region are expanding their commercial card programs, as organizations shift away from legacy payment tools and use their cards for more spend categories, including procurement and meetings and events.

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Bitcoin Daily: AML Crypto Regulation Will Be Dictated In June 2019

PYMNTS

The Financial Action Task Force (FATF) announced that it will get one step closer to creating international standards for cryptocurrency when it launches its first set of rules in June of 2019. According to Reuters , the Paris-based global AML watchdog revealed that jurisdictions around the world will be required to license or regulate cryptocurrency exchanges, as well as select firms providing encrypted wallets and firms providing financial services for ICOs.

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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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JPMorgan To Open FinTech Office In Silicon Valley

PYMNTS

JPMorgan Chase is doubling down with its FinTech aspirations, gearing up to start development of a new FinTech corporate campus in the early part of 2019. CNBC reported that the campus in Palo Alto, California will be home to more than 1,000 employees. The campus will be located between Facebook and Google in the Stanford Research Park. JPMorgan Chief Executive Jamie Dimon views technology as a way to keep back the competition from FinTech startups that are luring over millennial customers in dr

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PayPal Invests In Emerging Markets Lending App Company Tala

PYMNTS

Tala, the consumer lending app in emerging markets, announced Monday (Oct. 22) a strategic investment from PayPal. In a press release , Tala said the undisclosed investment from PayPal will help the company bring visibility and access to underserved regions in emerging markets across the world. According to Tala, more than two-thirds of the adult population in the world has no formal credit record, which makes it hard for them to access traditional financial services.

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Small Business FinTech Takes Center Stage With VCs

PYMNTS

Cybersecurity investment probably won’t let up anytime soon. Indeed, this week did see some cybersecurity funding action, with several big-name backers participating in the $85 million investment for Team8 , a venture studio that explores how corporate collaboration can develop better cybersecurity tools and businesses. This week, however, venture capital rounds were all about the small- and medium-sized business (SMBs), and how to address their biggest financial management pain points.

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Visa Doesn’t View Cryptocurrency As A Business Threat

PYMNTS

Visa’s chief executive officer Al Kelly doesn’t think cryptocurrencies are a threat to its business and is ready to implement systems that support it if it becomes more mainstream. In an interview with CNBC Thursday (October 26), Kelly said there has to be a market where cryptocurrency becomes “somewhat like a fiat currency in order for us to be comfortable,” Kelly said in an interview with “Mad Money” host Jim Cramer, noting that crypto isn’t a threat to its business either in the short or medi

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Amazon Launches Amex SMB Card, New Prime Features For Businesses

PYMNTS

Amazon Business is bolstering its services for small businesses through a new co-branded commercial card with American Express as well as enhanced Prime features for business users. In an announcement Tuesday (October 23), American Express introduced the Amazon Business American Express Card, offering businesses a streamlined checkout experience when purchasing on the Amazon Business and Amazon.com platforms.

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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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Bitcoin Daily: Bank Of Canada Tests DLT; Crypto Startup Uphold Gets Into Loans

PYMNTS

The SBI Group plans to license Sepior ApS ’ wallet technology to use in its own wallet, which will become a part of its digital currency exchange platform, the company said in an announcement. When it came to the decision, SBI said that Sepior’s multiparty computation (MPC) approach allows for a high level of protection for crypto wallets. SBI President and CEO Yoshitaka Kitao said in the announcement that signatures based on MPC “offered our desired level of security, performance and scalabilit

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Visa B2B Connect To Use Digital IDs For X-Border Payments

PYMNTS

Visa has announced new product details in anticipation of the first quarter 2019 launch of its new cross-border B2B payments solution B2B Connect. “With B2B Connect, we’re developing a new way for businesses to make cross-border, high-value payments — fixing broken processes and breaking down geographic barriers along the way,” Kevin Phalen, global head of Visa Business Solutions at Visa, said in a press release.

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Bank Of America Automates FX Conversion For Smaller FIs

PYMNTS

Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion. The new solution, AutoFX, aims to make it easier for smaller banks to streamline cross-border payments for their customers by automating foreign exchange conversion before the transaction occurs, rather than relying on the receiving bank to conduct that transaction.

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Five At Five: Would Visa Support Cryptocurrencies?

PYMNTS

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest on how Visa views cryptocurrencies, and Expedia’s fresh plan to take on Airbnb. Moody’s has news about the charge-off climate, chocolate is getting more expensive and the OCC’s bank charter plan faces more trouble. Visa Doesn’t View Cryptocurrency As a Business Threat.

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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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Mastercard Tackles ‘Greening’ Plastic Cards

PYMNTS

The world has a plastic problems — a fact illustrated earlier this week when researchers from the Environment Agency Austria and the Medical University of Vienna jointly presented evidence that there is so much plastic in the environment that we’ve actually begun to inadvertently eat it. Scientists are now looking for more funding to get a better understanding as to how so much plastic has made it into human digestive tracts worldwide — but the big takeaway, Mastercard President of Cybe

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Facebook Is Looking To Buy A Cybersecurity Company

PYMNTS

Facebook is reportedly gearing up to acquire a cybersecurity company in an effort to assure users that security is a top priority of the social media company. CNET , citing a report from The Information, reported Facebook has reached out to several security companies that could be takeover targets. The Information cited unnamed sources for its report, noted CNET.

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 IBM And The Blockchain Bet

PYMNTS

In the blockchain space, the announcements come fast and furious. The movement to bring all sorts of data and processes to the decentralized ledger model and to blockchain platforms is an inexorable one. At the same time that press releases seem to accrue on a daily basis, earnings calls offer a bit of a progress report, where company management gives investors, analysts and observers of various industries a bit of insight into how certain initiatives are faring – and how they are contributing t

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ValueSelling Eyes The Influences Of B2B Buying Behavior — Besides Amazon

PYMNTS

The business-to-business (B2B) buying experience has changed; there’s no doubt about that. The business-to-consumer (B2C) commerce landscape has had a massive influence on corporate buying habits, from sourcing through payments. It’s often described as the “ Amazon effect,” as suppliers explore how to provide a consumer-like experience to business buyers.

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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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Google Search Executive Manber Jumping Ship For Anthem Health

PYMNTS

Anthem, the health insurance company, has landed Udi Manber, the Google executive who ran engineering for its core search products, as its new head of artificial intelligence. CNBC, citing people familiar with the matter, reported Manber will be in charge of overseeing the artificial intelligence group at the insurance company and is expected to boost up his team.

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Apple’s CEO Wants Bloomberg To Retract China Hack Story

PYMNTS

Apple ’s chief executive Tim Cook is calling for Bloomberg to retract a story that claimed the company was the victim of an attack on its hardware that was conducted by the government of China. BuzzFeed News , citing an interview it had with Apple’s CEO last week, reported Cook responded to an inquiry about the fight with Bloomberg over the story Apple has repeatedly denied by saying that there isn’t any truth to the story: “They need to do that right thing and retract it.

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What Does Blockchain Have To Do With The Gig Economy?

PYMNTS

In the pre-mobile world, in the time before the Uberization of every conceivable service, the gig economy existed — just not in the highly organized and monetized fashion as it is today. In fact, Head Blockchain Engineer Stan James at decentralized blockchain marketplace provider Origin told PYMNTS in a recent conversation that the central locus of the pre-digital gig economy was the community bulletin board.

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Today In Data: Driving A Digitally Determined World

PYMNTS

In an average week, the average consumer spends about 24 hours online – exactly 1/7 of their time. They use their phones to order food and to decide what they eat before they order. They shop, pay bills, book and manage travel – all digitally. With risk, of course, due to endemic identity theft concerns – but also with a lot of reward. Consumers have more retail modes than ever before, in more regions of the world – and a greater ability to expand and customize their commerce activit

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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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Uber May Be Gearing Up For Drone-Delivered ‘Flying Burgers’

PYMNTS

As Uber seeks to attract investors ahead of a potential initial public offering (IPO) with aspirations beyond ridesharing, food delivery in the skies might be in the company’s not-so-distant future: It is reportedly looking to launch drones for takeout in the next few years. In a job posting, the company noted that it wanted to make delivery drones work by 2019 at the earliest, and have the drones operational in some markets when 2021 rolls around.

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CMS Healthcare Portal For Insurance Agents Hacked

PYMNTS

The Centers for Medicare and Medicaid Services announced Friday (October 19) that a government portal that insurance agents and brokers use to help customers sign up for healthcare was hacked, with the bad guys getting off with the personal data of 75,000 people. In a press release late Friday, CMS said that earlier in the week staff detected anomalous activity in the Federally Facilitated Exchanges (FFE)’s Direct Enrollment pathway for agents and brokers.

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Amazon’s Putting A Dent In Alphabet’s Ad Revenue

PYMNTS

Once upon a not very long time ago, the conventional wisdom was that advertising revenue on the web is mostly generated by a stable duopoly controlled by Google and Facebook. But as of the latest round of earnings releases, it is seeming increasingly like that configuration may become a triopoly someday in the future — Amazon is consistently stealing away larger and larger bits of advertising.

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Happy Birthday To PYMNTS

PYMNTS

On this day in history in the year 2009, the world of payments and commerce was changed forever. The skies parted, the Earth shook and the song of angels was heard from on high. Well, that’s how we remember it, anyway. Nine years is a long time, after all. If we had a nickel for every mobile wallet that had come and gone in that time period, we would at this point be larger than The New York Times.

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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.