Sat.Feb 04, 2017 - Fri.Feb 10, 2017

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Capgemini Launches PSD2-Compliant Bank Platform

PYMNTS

Consulting firm Capgemini has launched a new platform for banks to provide services compliant with the new Payment Services Directive of the European Union. An announcement Wednesday (Feb. 8) said the company is rolling out its PSD2 Open Banking Solution, aimed at reducing the cost of compliance to PSD2 regulations. Payment service providers and financial institutions, which have until Jan. 2018 to comply with the new rules, are at the same time pressured to promote innovation and enable faster

Banking 76
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Chatbot Tracker: Are Chatbots Taking Over The World?

PYMNTS

Let’s face it. The more interconnected the world gets, the more accustomed everyone has become to minimizing human interaction. While nearly anything can be ordered online, the few times people go into department stores are typically when there’s a need for a very specific item. Customers go in, grab what they want, get out and rarely want to physically speak to anyone.

Retail 76
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Innovation Project 2017 Conversation Starters: Betting Big …. On Banking Redux

PYMNTS

The bank is an institution that has survived centuries. But nothing survives that long in immutable form. Consider the musty vaults housing gold and notes, parceled out by appointment, transforming (rather quickly in the here and now) into digital dollars in digital wallets. The branch and teller and service stellar are not enough to keep a steady patter of traffic in to keep the real estate paying for itself.

Banking 68
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Innovation Project 2017 Conversation Starters: Can Payments Save Retail?

PYMNTS

Is retail just the land where shelves are stocked with goods, where salespeople appear at your elbow to inquire about your quest to buy? Is retail the purview of the buy button, the screen, and should it be defined as tied to the big screen (laptop) or small screen (smartphone)? Consider how retail has evolved over the past 20 years, with bricks and mortar facing an existential crisis in terms of small firms versus big-box stores such as Walmart.

Retail 66
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Planning Your Restaurants 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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Wells Fargo Reaches Data Exchange Deal With Intuit

PYMNTS

Taking a page from JPMorgan Chase, Wells Fargo has inked a data exchange deal with Intuit in which Intuit customers can import their account data without having to provide their username and password. According to a report , Wells Fargo is using a secure API that communicates between the servers of the two so that Intuit customers don’t have to share their Wells Fargo information to get their data uploaded into Intuit programs, including QuickBooks, Mint and TurboTax.

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Fraud’s $50B Identity Crisis

PYMNTS

Who needs real identity data when you can commit just as much fraud (and commit it successfully) with the fake stuff? At least that’s the stand many fraudsters are taking. This has given way to a significant shift toward using synthetic identities — a new, false identity not associated with a real person — which enable fraudsters to open and cultivate new accounts.

Numbers 59
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Uber Of X: GetMyBoat Brings Boating To Everyone

PYMNTS

Whether it’s fishing, water skiing, tubing or spending a few days aboard a luxurious yacht, being out on the water is an exciting way to spend time with family and friends. One of the main issues, though, when seeking to go out for a few hours of fun off the mainland is finding a boat. Not everyone owns their own boat when it’s time to go — much like not everyone owns their own truck but needs one when it’s time to move to a new place.

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Linking The Merchant To EMV

PYMNTS

[link]. EMV is nowhere near finished, a year and a half after the much-heralded liability shift in the U.S. And for one firm, cloud gateway and data security provider Merchant Link , the process proceeds apace for hospitality and dining firms looking for certification, according to CIO Scott Carcillo. In an interview with Karen Webster, the latest installment of Data Drivers focused on the continued shift.

Numbers 57
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Hacker Tracker: Shimmers, Identity Fraud, And Hacked Hotels

PYMNTS

Just when payment card data seemed somewhat protected by EMV technology, hackers have found yet another way to steal information and gain access to PINs. In this week’s Hacker Tracker , PYMNTS was joined by Alex Cagnoni, CEO of Datablink , who shared some interesting insights on some of the latest news across the cybersecurity landscape. Old Tools, New Tricks .

Numbers 56
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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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NEW REPORT: Will Business Boom Again In Brazil?

PYMNTS

Can Brazil return to its booming business days of yesteryear? It wasn’t too long ago that the country’s economy was growing quickly, with Brazil’s GDP rising by more than 3 percent every year between 1999 and 2008. That growth came on the back of increased international demand for local commodities like oil, sugar and coffee, making Brazil seem ready to become an economic powerhouse.

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In VC Competition With China, US B2B FinTech Wins

PYMNTS

China is an emerging FinTech hotbed thanks to its expanding middle class, rapid digitization and electronic payments adoption. But a new report from Citi found that, while China may be the market to watch for FinTech investments, the U.S. continues to thrive at the top of the B2B FinTech mountain. According to “Digital Disruption — Revisited: What FinTech VC Investments Tells Us About A Changing Industry,” Citi expects an influx in venture capital across the FinTech startup scape.

B2B 53
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Payment Card Breach At A Dozen InterContinental Hotels

PYMNTS

In one of the latest payment card data breaches reported affecting the hotel industry, InterContinental Hotels Group said that 12 hotels in the United States were compromised. The latest disclosure comes about a month, Reuters reported, after the firm said it was investigating data breach claims. The newswire said that malware that hid in servers managed to uncover and capture what is known as “track” data – which includes names, card numbers and codes — over a timeframe ranging from Aug. to Dec

Numbers 53
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Google + H&M = Next Fashion Powerhouse?

PYMNTS

Always on the cutting edge, fashion retail giant H&M has teamed up with Google for its next clothing design launch. This time, H&M has thrown a twist into the design mix process. Its digital fashion house, Ivyrevel, has formed a partnership with Google for a new development project called “Coded Couture.”. Through this new fashion endeavor, H&M has put together a DIY system to help an app design a dress through the use of the search giant’s Awareness API technology.

Retail 52
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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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Earnings Season For B2B FinTechs

PYMNTS

It’s earnings report season once again, and this week, we’re examining all of the data released by B2B FinTechs on their quarterly and annual reports. Businesses like Basware, Bottomline Technologies and Chrome River all highlighted their successes in recent months, but was it enough to impress investors? We break down the performance of some of these firms below. 130 employees were cut from Basware’s staff in recent months , a move the procure-to-pay company announced in November.

B2B 52
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Manual Expense Management Tools See Slight Decline

PYMNTS

The latest data on corporate travel and expense management trends was released today (Feb. 9) as T&E firm Certify published its newest report. The company analyzed data from its clients and found new patterns in how companies manage expenses incurred while employees travel. For instance, there was a 4 percent reduction in the number of companies using a manual expense management system compared to the 2016 report — though, still, 46 percent of businesses today depend on manual tools to manag

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$79M Funded Across B2B FinTechs

PYMNTS

It was another week of varied investments for B2B venture capitalists, who, in total, raised more than $79 million for the space. B2B payments, alternative SME finance, enterprise cybersecurity, data management and logistics all secured a financial boost — find out which startup scored the most in our breakdown below. B2B Payments. Enterpay. With a goal of expanding its presence across the Nordic region, Enterpay, based in Finland, has raised new funding from NFT Ventures, the companies said Mon

B2B 51
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Investment Tracker: Button In $20M Series B, Plans Global Expansion

PYMNTS

After some weeks of large deals pushing investment activity past the high triple-digit millions of dollars — and, on one occasion, past the billion-dollar mark, fund flows returned to seemingly normalized levels. The week that ended Feb. 3 tallied up $361 million in investments, dominated by the FinTech space at $283 million of that total. The FinTech sector saw a strong pull of banking activity as Atom Bank raised roughly $126 million and said that it would announce within the next few weeks th

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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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Eckoh Announces Secure Payments Via Live Chat

PYMNTS

Eckoh has brought a customer’s ability to pay with ease to the next level with the announcement that it can now take a secure payment directly via live web chat (“Live Chat”). That means the company is the world’s first Payment Card Industry Data Security Standards (PCI DSS) Level 1 service provider able to offer secure payment solutions across the full spectrum of phone, web, mobile app, SMS and now Live Chat.

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Why Flywire Isn’t So Invisible Anymore

PYMNTS

Flywire — the payments business that aims to make large-sum, cross-border transactions in education and health care simpler, more transparent and less friction-filled — had gotten pretty good at being invisible. So good, in fact, that the six-and-a-half-year-old firm actually took down the silver medal at Innovation Project 2016 for most invisible innovation.

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Plaid Technologies Raises $44M With Citi, Amex VC Arms Taking Part

PYMNTS

Plaid Technologies, a startup that helps FinTechs like Venmo and Lending Club access their customers’ bank accounts, has raised $44 million in a Series B round of venture capital funding. According to a report , the venture units of Citi and Amex took part in the latest round of fundraising. The report noted that, while Plaid has only been around since 2015, it has connected to millions of end users via contracts with companies, including OptionsHouse, and non-government entities, including char

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Super-Sizing Commerce For The Super Bowl

PYMNTS

For sports fans, particularly football lovers, the real Christmas comes tomorrow. Super Bowl LI is less than 24 hours away from kicking off and deciding once and for all which city is better — Atlanta or Boston (though obviously it’s Boston — since the global headquarters for PYMNTS.com is located here). And then there’s Tom Brady. OK, well, maybe we’re just deciding which city’s football team is better (still Boston, because, well, Go Pats!

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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.

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Free Phone Charging May Lure Shoppers Back To Stores

PYMNTS

Retailers are banking on a new way to get consumers away from shopping online and back in stores by solving a major headache: charging a mobile device. ChargeItSpot , a secure phone charging station provider, is helping retailers like Neiman Marcus, Nordstrom and Under Armour capitalize on the dying cell phones of customers and their need to find a place to charge up.

Retail 49
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Newell Brands Shifts To eCommerce-Focused Approach

PYMNTS

Following a less-than-stellar fourth quarter, Newell Brands, which owns well-known brands, such as Calphalon, Sharpie and Yankee Candle, is deciding to shift its focus in 2017. Even though total sales for Newell Brands reached $4.14 billion in the last quarter of 2016, that number fell short of Bloomberg’s $4.27 billion sales prediction. As such, the company has decided to shift to an eCommerce focus via the creation of an enterprise-wide eCommerce division.

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FTC Focused On Car Buying, Big Data And FinTech In 2016

PYMNTS

The Federal Trade Commission had a busy year in 2016, surveying consumers about buying and financing car purchases, issuing a report aimed at helping businesses harness the power of Big Data without discriminating and also taking a hard look at the FinTech market and its implications for consumers. In its annual report to the Consumer Financial Protection Bureau showcasing how the FTC enforced the Equal Credit Opportunity Act, the FTC said that, during 2016, its second Federal Register Notice (F

Finance 49
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NEW REPORT: Are Faster Payments Contractors’ Red Tape Slasher?

PYMNTS

With faster payments solutions increasingly in place, businesses are discovering new tools for exchanging money. Several companies are showing an interest in faster payments solutions to help get funds exchanged quickly and efficiently. In regions around the world, including Europe and Asia, faster payments are taking a hard look at how tools such as blockchain and Same Day ACH can help improve their business.

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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

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Visa Brings Its “Tech Epicenter” To Silicon Valley

PYMNTS

Visa is serious about tech — and it’s putting its money where its mouth is with the opening of a massive new Silicon Valley office for its research and data teams. The 62K square foot site is designed to be an “epicenter for technologists, academics and global thinkers,” according to Visa — with a special focus on data, network processing and loyalty.

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eCommerce Force Behind Canada’s Warehouse Boom

PYMNTS

Canada’s Pure Industrial Real Estate Trust , the country’s largest multitenant industrial landlord, expects that eCommerce will make up a significant portion of its portfolio in coming years. According to a report by Internet Retailer , Pure Industrial Real Estate Trust CEO Kevan Gorrie said in the new few years, the number of its customers from the eCommerce sector is expected to rise by 30 percent from what it is today.

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Baby Boomers Vs. Millennials: Eerily Similar?

PYMNTS

While most millennials were brought up in the age of the computer, baby boomers can remember a time when they weren’t surrounded by technology. It’s a peculiar dichotomy to compare millennials to their parents’ generation, the baby boomers. There’s now the luxury of access to hundreds of television channels, whereas those born between 1946 and 1964 can remember a time when there were only three major networks: ABC, CBS and NBC.