Sat.Nov 18, 2017 - Fri.Nov 24, 2017

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UPS Hits Retailers With Holiday Shipping Fee Surprise

PYMNTS

With the holiday shopping season in full swing, retailers are facing a new challenge: extra shipping fees during the busiest weeks. The Wall Street Journal reports that United Parcel Service (UPS) is adding on a surcharge to packages shipped to homes around Black Friday and the week before Christmas in a move to compel retailers to send their orders outside those peak periods.

Retail 86
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Artificial Intelligence: FIs’ Friend Or Foe?

PYMNTS

Artificial intelligence (AI) doesn’t walk and talk like C3P0 of “Star Wars” (many would say: “Thank God”). It doesn’t mask murderous intentions with a calming voice like HAL of “2001: A Space Odyssey.” It’s not the manically depressed, paranoid android Marvin of “Hitchhiker’s Guide to the Galaxy.” It’s not a beautiful but cunning killer like Ava of “Ex Machina.”.

Banking 74
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A Holly, Jolly – And Connected – Christmas

PYMNTS

There will certainly be many sales to choose from once the Thanksgiving dinner dishes have all been cleared and the Black Friday festivities begin at retail locations nationwide. But this year, there is something slightly different in the mix. We are about to have a very connected Christmas. Or, more appropriately, a very connected New Year – on the assumption that most people will be shopping for gifts that won’t get their first official test drives until the last week of 2017.

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Fiorano Introduces PSD2 Platform For Banks

PYMNTS

With Europe only weeks away from PSD2 taking effect, Fiorano Software is debuting its solution for financial institutions (FIs) in the region to comply with the directive. The company revealed its new solution on Monday (Nov. 20), Fiorano PSD2, a platform for FIs across the EU to ensure compliance with PSD2, built on the company’s existing API Management capabilities and banking integration management tools.

Banking 72
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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

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

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U.S. Consumers Favor Small Biz Over Big Malls

PYMNTS

Good news for small- and medium-sized businesses (SMBs): Spending growth at mom and pop shops has outpaced that of the big chains in both of the past two years. According to Bloomberg reports on Wednesday (Nov. 22), purchasing patterns research from Sarah Quinlan, senior vice president at payment processing giant Mastercard Inc., found that when Americans aren’t shopping online, they’re looking for more personal connections and the advice they can receive from local SMBs.

Retail 66

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QuickBooks Fuels Growth As Intuit Surpasses Q1 Targets

PYMNTS

Intuit announced its Q1 FY2018 earnings this week, posting better-than-expected results for the firm and highlighting growth fueled by QuickBooks. “We are off to a strong start growing first-quarter revenue 14 percent and exceeding our overall financial targets,” Intuit chairman and chief executive officer Brad Smith said in a statement.

Numbers 55
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How Google Plans To Power Up Mobile Shopping For The Holidays

PYMNTS

Just in time for the holiday season, Google is expanding its mobile shopping experience, including showing buying guides for broad categories and adding more information for specific product searches. “When you search for a specific product, Google.com now shows you other helpful information, like related items, and allows you to compare reviews, prices and other specs, side by side,” wrote Google product management director for Google Shopping, Jennifer Liu, on Google’s The Keyword blog.

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Low-Cost Retailers To Get Most Lift From Black Friday

PYMNTS

The winners on Black Friday may be the big players in low-cost retail. Think Walmart, of course – and others, too. Wall Street research from Jefferies, noted in CNBC.com, said that a slight sliver of consumers will spend more on Black Friday than they did last year, which compares to the 17 percent who said the same last year. The upshot is that spending may not be concentrated in a single day’s spree.

Retail 54
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Techy Turkey Day: How Technology Has Changed America’s Trademark Holiday

PYMNTS

When the pilgrims landed in Cape Cod, Massachusetts, in 1620, there was no voice of Siri to say, “Arrived.” The only parade that November was one of tired, hungry pioneers disembarking a ship. They weren’t dodging cars in the grocery store parking lot, but arrows shot by unfriendly natives and disease that ripped through the settlement as the weather grew cold and harsh.

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Live Demo - Supercharge your Month End Close

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

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India’s Grand (Cashless) Experiment, One Year On

PYMNTS

India’s decision to go cashless was a grand experiment to be sure, but did it go grandly? It’s been a bit more than a year since India’s Prime Minister Narendra Modi brought a ban on cash into effect in the country, eliminating roughly 86 percent of its notes in circulation. As such, Nov. 8 marks a red-letter day in the nation’s history. The scorecard is mixed, delivering on only a few stated goals, but the most important goal pertains to digital payments.

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Singapore’s Big Week In Blockchain Progress

PYMNTS

The Asia-Pacific region is a rising star in FinTech innovation, but this week, the blockchain spotlight landed on Singapore as more distributed ledger initiatives from the private and public sectors took major steps forward. It’s no surprise, considering the Singapore FinTech Festival took place, acting as a global stage for blockchain innovators to strut their stuff.

B2B 53
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Business Spending Buoyant In October

PYMNTS

Despite new orders for key U.S.-made capital goods unexpectedly falling in October, a steady increase in shipments is a sign of strong business investment and a boost for the economy. According to news from Reuters , strong business investment and tightening labor market conditions likely mean the Federal Reserve will raise interest rates next month.

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The Untraditionally Inexpensive Traditional Thanksgiving Of 2017

PYMNTS

There are a lot of ways to cook a turkey, and today Americans will be trying all of them. Deep-fried, brined, baked and dipped in Flamin’ Hot Cheetos dust — the starring bird will take many forms on the Thanksgiving table this year. But while the costuming is up for grabs, the turkey itself is more or less a guarantee. In fact, for the last 154 years — ever since President Lincoln first enshrined a national day of Thanksgiving for the last Thursday of November in 1863 — turkeys accompanied by cr

Retail 52
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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

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.

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Visa On Scaling Cross-Border B2B Payments

PYMNTS

To say that cross-border B2B payments could use an efficiency reset not only states the obvious, but is an understatement about the state of money movement around the world. Inefficiencies related to the speed of transfer and settlement, the transparency of how money is moved, how much it costs to move it and the inconsistent or incomplete data that moves (or doesn’t move) along with it are just some of the B2B cross-border challenges that banks and their customers are facing, day in and day out

B2B 52
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Unpaid Student Loans Cost Workers Jobs, Drivers’ Licenses

PYMNTS

Student loans have an unexpected consequence if they go unpaid: Borrowers who default on their payments can lose their state-issued professional licenses. That’s according to a news report in CNBC that found that in 19 states, government agencies can take away student loan borrowers’ licenses if they default on their debt. What’s more, in South Dakota, a borrower’s driver’s license can be suspended, which makes it close to impossible for them to get to work.

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Auto Industry Predicts Black Friday Sales Bump

PYMNTS

Auto industry analysts are predicting extended Black Friday deals will offer a bump in car sales this year. Reports in Reuters said industry consulting and auto shopping website Edmunds is forecasting a 3.5 percent increase in car sales in November, thanks to Black Friday sales that extend for a full month. Analysts predict 1.4 million new cars and trucks will sell during the time frame.

Sales 51
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Bringing The Power Of The Blockchain To The Thanksgiving Table

PYMNTS

Consumers increasingly want their food to be locally sourced and ethically raised, including (and perhaps especially) on Thanksgiving. The market has been eager to respond to that need. This year, Amazon decided that an organic turkey could be the central player on any American’s table tomorrow by making the bird more affordable (especially for Prime members) to pick one up without breaking the bank.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

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.

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China Eyes Open Markets, Wide Shut

PYMNTS

On the face of it, China’s announcement that it would open its financial markets to increased ownership by foreign companies seems a sea change. But then again, refocus a bit and the waves look like ripples. The facts are thus: Earlier this month, Finance Minister Zhu Guangyao said foreign stakes in financial companies can increase as caps are lifted, and in many cases eliminated.

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For FI’s, Risk Becomes Reputation (And Vice Versa)

PYMNTS

[link]. Call it connected commerce of a different stripe. It’s not just buyer and seller. For banks and processors, commerce means customers, of course, transacting across time zones, business verticals and currencies. And there’s an intangible connection too, one that can sow dividends or destruction. We’re talking about reputation. In the latest Topic TBD, PYMNTS’ Karen Webster spoke with Jane Hennessy, head of external alliances at of G2 Web Services about the growing need for reputation mana

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Cordray Tells Bank CEOs To Give More Control To Consumers

PYMNTS

Although he is due to resign next week, Richard Cordray, the director of the Consumer Financial Protection Bureau , still wants his opinion to be heard. According to American Banker , Cordray sent a letter to 29 chief executives at banks, credit unions and other financial companies, urging them to help consumers have more control over credit cards, debit cards and other payment methods. “On the eve of my leaving the bureau, I urge you to think creatively about how you can put more control

Banking 49
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Helping New-To-Country Entrepreneurs Land On Their Feet In The UK

PYMNTS

Ask any entrepreneur, and he or she will tell you that starting a new business isn’t easy. Now imagine moving to a new country to not only establish a life there but also establish a company, too. Muhammad Asim endured this challenge himself when moving to the U.K., a market he recently told PYMNTS is especially difficult for small- and medium-sized business (SMB) owners coming from out of the country — particularly when it comes to accessing small business financial services.

Banking 48
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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

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.

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The Life And Times Of A Most-Wanted Fraudster

PYMNTS

Account takeover fraud , card-not-present (CNP) fraud, tax fraud, selling stolen financials, selling fake bank accounts, the Dark Web: If security experts are fighting it today, chances are that Brett Johnson was there when it started. In fact, chances are that he helped create it. Johnson is one of the good guys now, but once upon a time, he was one of the baddest bad guys out there – a star of the most-wanted list.

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Bitcoin Startup Pulls Disappearing Act After Raising $375K

PYMNTS

Confido, the startup that raised $374,477 in an initial coin offering (ICO), has reportedly disappeared with the investors’ money. According to a news report in The Next Web , Confido, which said it was developing a trustless payment network for online shopping, has taken down its website and its value declined 90 percent after letting investors know that a legal issue will stop development of its project for good.

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TRENDING: How Virtual Assistants Are Sous Cheffing This Thanksgiving

PYMNTS

As turkeys soak up a few more hours of brining today, the holiday season is just about set to pop — and along with it are the to-do lists of consumers juggling duties as gift givers, gourmet chefs and party hosts. With all the stuff to do, maybe technology can finally be the next great holiday helper. . In the November edition of the PYMNTS.com Omni Developer Report , a Vantiv collaboration, PYMNTS explores the latest developments in the software space, including new mobile platforms and tools

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Germany Says Smartwatches Spy On Children, Bans Them

PYMNTS

Smartwatches used by children are being banned in Germany by the Federal Network Agency, which cites concerns about spying. According to a BBC news report , the telecom regulator urged parents that owned the watches to destroy them. In a statement, the agency said it has already been prompted to take action on firms that sell the smartwatches online because of the ability for hackers to watch children through the devices. “Via an app, parents can use such children’s watches to listen

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Doing More With Less: The Modern Finance Miracle

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.