Sat.May 23, 2020 - Fri.May 29, 2020

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Preparing Merchants For The Coming Mobile Wallet Boost

PYMNTS

Call it the great shift. We’re still navigating the pandemic — which means doing what we used to do offline, increasingly, through digital means. As PYMNTS found in a recent consumer study, 40 percent of individuals are doing more of their daily retail and transactions online, partly because, well, there’s no other way to do it. And as many as 22 percent of the population surveyed said those habits would stick.

Sales 112
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SaaS Operating Leverage

The SaaS CFO

As your SaaS business moves into growth and scale mode, you will be very focused on SaaS gross margins, EBITDA, and EBITDA margins. With this financial focus, there are two ways that I think about profitability and margins. I manage my P&L by splitting it into two distinct sections. The first section, or top half, […]. The post SaaS Operating Leverage appeared first on The SaaS CFO.

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How the coronavirus pandemic impacts employees' mental health

Future CFO

As organisations contemplate the return to their workplaces and a new normal, leaders need to keep top of mind the mental health of employees as they transition to new ways of working amid a period of heightened fear and uncertainty, said Mercer recently. According to Mercer’s 2020 Global Talent Trends Study, only 45% of executives believe their workforce can adapt to the new world of work, yet only 14% have conducted an internal survey, interview or focus groups to understand what employees are

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Jedox 2020.2: Leverage Ad hoc Views as Data Sources for Your Visualizations

Jedox Finance

Jedox 2020.2 increases flexibility for data visualization by adding new chart data sources, and makes report formatting faster by allowing users to create standard corporate themes.

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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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Using Sensors And IoT To Thwart Home Invasions (Of Privacy)

PYMNTS

To monitor a home and to make sure all is safe and secure means you have to monitor the people and the activities inside. How to do that without destroying privacy in the age of work from home, shop from home, do-everything from home? In the age of connected devices, it may be that the sensor can go a long way toward eliminating that all standby, the unblinking eye of the camera — always on, and perhaps intrusive.

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How co-sourcing can drive an agile tax and finance function

Future CFO

The modern CFOs bear the traditional and constant struggle to ensure that the company has sufficient working capital to keep the business going, while being fully compliant with all statutory and regulatory requirements relating to finance matters. Beyond that, CFOs are expected to optimise every investment dollar for maximum returns on investments and be involved in all discussions and matters that have a financial impact on the company.

Finance 52
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Why ?Dining Out? Is About To Become A Much More Literal Term

PYMNTS

Memorial Day weekend is upon us – which means here in the United States, summer is officially setting up to begin. Sort of. With the outbreak of an international pandemic, our summer plans have been rather modified, as consumers seem to be considering what the safest summer plans might be, and opting to tread a bit differently than they have in the past. .

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Green Dot To Launch Mobile Banking For US Immigrants

PYMNTS

Welcome Technologies , which works to aid immigrants as they integrate into life in a new country, is partnering with Green Dot for the PODERCard, which will help U.S. Hispanic immigrants access digital banking services, according to a press release. Less than half of U.S. Hispanic immigrants have access to actual banking services, the release states, citing an FDIC survey.

Banking 99
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How To Keep Fraudsters From Scamming Banks Across Every Nook And Channel

PYMNTS

More consumers are turning to the omnichannel offerings of banks and credit unions (CUs) as they follow stay-at-home mandates, and cybercriminals are eager to launch attacks that make use of these channels. Account takeovers (ATOs) rose 347 percent from 2018 to 2019 — a problem that will only worsen if financial institutions (FIs) are not vigilant. Fraudsters seek to fly under the radar by stealing information through one channel that they then use to execute ATOs or other attacks.

Banking 98
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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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Amazon Eyes Zoox Acquisition For Autonomous Cars

PYMNTS

Amazon is in talks to buy self-driving car startup Zoox in a move that would advance the eCommerce giant’s reach in autonomous vehicle technology, according to a Tuesday (May 26) report in the Wall Street Journal (WSJ), citing sources familiar with the matter. In a 2018 funding round, Zoox was valued at $3.2 billion; a sale now would likely reflect a decreased valuation.

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Innovating The ATM Beyond Cash

PYMNTS

The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception. CU branches across the United States have temporarily closed to help slow the spread of contagion, forcing CUs to find new ways to engage with their members via connected technologies, from mobile devices to laptops and especially ATMs.

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SDF Invests $550K In SatoshiPay For B2B X-Border Solution

PYMNTS

The Stellar Development Foundation (SDF) has made a $550,000 strategic investment to go toward SatoshiPay ‘s development of a B2B cross-border payments solution and its digital wallets, according to a press release. SDF’s investment came by way of convertible loan notes and was the third investment the foundation has made in SatoshiPay. The convertible loan notes will likely convert at the time of SatoshiPay’s next funding round, the release states.

B2B 97
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FIs Or FinTechs: Who Will Power Banking?s Big Digital Shift?

PYMNTS

The pandemic has accelerated the digital roadmap for everyone in financial services, giving rise to more innovation in the past few months than had been seen over the course of several years. And according to five observers across the spectrum of traditional financial institutions (FIs), payment networks and digital-only banks, opportunities are there for digital-first and hybrid models alike to succeed — so long as they harbor a relentless focus on identifying and solving customer problems.

Banking 94
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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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What Legacy FIs Miss About The Need For Cloud-Based Infrastructure

PYMNTS

Financial institutions (FIs) have been adapting their platforms and technologies to better suit the needs of more digital consumers for decades, but the coronavirus has placed new importance and pressure on accelerating these efforts. Allowing customers uninterrupted access to their online financial accounts and processing digital payments quickly is critical during this time as brick-and-mortar branches are either closed or on limited hours.

Banking 92
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MoneyGram, Uber Offer Discount On Digital Money Transfers To Drivers

PYMNTS

MoneyGram is partnering with Uber in order to offer discounts on money transfers to over 200 countries and territories, a press release states. The discount is available to anyone who earns money on an Uber-related gig economy app, including Uber Eats, Uber Works and Uber Freight. “The spread of COVID-19 has been hard for everyone, and it has been particularly challenging for people who drive and deliver with companies like ours.

Finance 88
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Walmart, Green Dot Announce Enhanced MoneyCard Features

PYMNTS

With features such as free cash deposits and a high-yield savings account, Walmart and Green Dot unveiled updated benefits for the Walmart MoneyCard Reloadable Debit Card program. The Walmart MoneyCard will now offer accountholders a 2 percent annual percentage yield on money saved with a connected savings account, among other features, per an announcement.

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FedEx Eyes Stake In Germany’s Hermes Delivery Service

PYMNTS

With home deliveries surging, FedEx may be looking to acquire stake in German delivery firm Hermes , according to the Handelsblatt newspaper, as reported by Reuters. FedEx has very limited presence in Europe’s delivery circuit, and Petra Scharner-Wolff , finance chief of Hermes, said the company’s efforts to find a strategic partner for parcel delivery had sparked “broad interest,” according to Reuters.

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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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Uber Debuts $50 Hourly Ride Option In Select US Cities

PYMNTS

Starting next month, ridesharing users in a dozen cities can opt in for a $50 an hour ride, Uber Technologies Inc. announced on Friday (May 29). Following a pilot program in Australia, Africa, Europe and the Middle East, this new feature is aimed at helping Americans with essential trips during the COVID-19 pandemic, the San Francisco-based company said.

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Consumer Foot Traffic Up, But Time Spent In Store Is Shorter, Mall Group CEO Says

PYMNTS

The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report. “Since last week, our average traffic has been up about 25 percent, so we are seeing more customers starting to come back,” Newmark Merrill CEO Sandy Sigal told CNBC’s “Closing Bell” Monday (May 26).

Retail 82
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PPP Loan Demand Peters Out Amid SMB Confusion

PYMNTS

First the rush to get in – and then, perhaps, the rush to get out. Since debuting on April 3, the Paycheck Protection Program (PPP) – the U.S. Small Business Administration (SBA’s) initiative to grant SMBs forgiveness loans to pay workers for eight weeks instead of laying people off – has had a rocky time of it. Glitches and delays initially bedeviled the roughly $660 billion program, and it’s had a bumpy ride ever since, as the SBA and U.S.

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Sweden?s Economy Grew In Q1 In Absence Of Lockdown

PYMNTS

Sweden is winning the race among European nations to restore the economy from the coronavirus pandemic, according to data published on Friday (May 29), CNBC reported. The Nordic country reported its gross domestic product (GDP), a measure of economic health, grew at an annual rate of 0.4 percent from January through March. . Its growth may be the result of the nation’s decision not to impose a full lockdown to contain the spread of COVID-19. .

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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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TIS Notches $20M For B2B Payments Flow Platform Expansion

PYMNTS

To continue its fast international expansion, TIS (Treasury Intelligence Solutions) notched $20 million in additional financing led by Aquiline Technology Growth. The funding round for the corporate payments and cash flow management cloud platform also included participation from 83North, an existing investor, according to an announcement. TIS CEO and Co-Founder Jörg Wiemer said in the announcement, “We are proud to have Aquiline on board alongside our existing investors.

B2B 76
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Crypto.com Expands Card To 31 Countries

PYMNTS

Digital-payments company i2c Inc. has unveiled a partnership to power the expansion of Crypto.com ’s end-to-end crypto ecosystem, which consists of a Visa crypto debit card and a wallet app to buy and sell crypto and earn cash-back rewards in crypto form. Crypto.com currently offers the system in the United States, Singapore and the United Kingdom, but is expanding it to 31 European countries, according to a press release.

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Goldman Takes Bitcoin To Task

PYMNTS

Bitcoin : not worth much – except what someone else is willing to pay for it. Goldman Sachs’ withering assessment of bitcoin this week may be enough to take some wind out of the sails of those who have been looking for the marquee name in crypto to find its way into mainstream commerce. As reported by the Financial Times , Goldman was once a staunch advocate of bitcoin, and had been, just a few years ago, examining whether to launch a bitcoin trading desk.

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Malls See Increase in Foot Traffic, But Less Time Spent In Store

PYMNTS

The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report. “Since last week, our average traffic has been up about 25 percent, so we are seeing more customers starting to come back,” Newmark Merrill CEO Sandy Sigal told CNBC’s “Closing Bell” Monday (May 26).

Retail 74
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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.