Sat.Jan 28, 2017 - Fri.Feb 03, 2017

article thumbnail

Belk Works On Building Its New Legacy

PYMNTS

In some ways, Belk department store is the last of a dying breed — and not just because it is a department store in the United States in the year 2017. Small and regional — outside of the Southeastern United States, most people haven’t heard of it. But Belk may have something to teach its more nationalized equivalents, because it is doing something that its counterparts nationwide, by and large, are not.

Retail 83
article thumbnail

Reval Wins Best Treasury Analytics 2017 Award from Global Finance Magazine

Reval

Third Industry Award Earned this Month for Treasury Management System. New York – January 31, 2017 – Global Finance magazine this month recognized Reval’s Software-as-a-Service (SaaS) solution for treasury and risk management with the Best Treasury Analytics award in the publication’s seventeenth annual Best Treasury & Cash Management Award 2017.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What is Enterprise Performance Management (EPM)?

Planful

These competing terms include BPM (Business Performance Management), CPM (Corporate Performance Management) and FPM (Financial Performance Management. We prefer the term EPM since it signifies enterprise-wide application. We’ve touched on the definition of EPM in a number of other posts, but I thought this would be a good time to define EPM from the Planful perspective.

article thumbnail

Plugging Banks’ $500 Billion Hole

PYMNTS

The predictions have been dire. Banks will be wiped out by nimble FinTech firms, intent on luring away consumers and corporate customers and the payments that come with them. But it need not be so. In an interview with PYMNTS’ Karen Webster, FI.SPAN’s founder and CEO, Lisa Shields, said that FinTech may be revolutionizing banking and the way payments are done — but it can help banks hang onto and even grow their commercial B2B business footprints.

Banking 75
article thumbnail

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.

article thumbnail

Bitcoin Tracker: The Beat Goes On

PYMNTS

Bitcoin’s value just broke $1,000. Again. And then went below. Again. Then up and down again. (Anyone else feeling seasick?). Following relatively flat growth through the end of January (by cryptocurrency standards, anyway), bitcoin’s value spiked, breaking $1,000 to reach a high of $1,003.92 in Thursday afternoon trading. At the time of this writing, bitcoin sat tenuously at $1,000.73, up 1.36 percent for the day.

More Trending

article thumbnail

SWIFT Pressures Member Banks To Enhance Cybersecurity

PYMNTS

SWIFT is putting the pressure on its members to enhance their cybersecurity capabilities, according to reports by SC Magazine. According to the publication, SWIFT is encouraging and, in some cases, threatening its member banks to deploy more sophisticated cybersecurity measures. The efforts follow last year’s high-profile cyberattack in which thieves stole $81 million from the Bangladesh central bank by infiltrating the SWIFT network.

Banking 64
article thumbnail

Ulta Wins The Beauty Contest Of 2016

PYMNTS

With its infatuation with Instagram, Facebook and Snapchat, it’s safe to say that today’s generation is as concerned with appearances as were previous generations — if not more. The unexpected beauty queen reigning supreme is none other than cosmetic superstore Ulta , where anyone can walk in off the street for countless hair and makeup options. Whereas the latter half of 2016 saw a downward spiral in retail stocks, Ulta was the ray of light shining through with a 38 percent stock surge.

Retail 63
article thumbnail

Amazon: 43 Percent Of Online Sales In 2016

PYMNTS

It’s well known that Amazon has dominated the eCommerce market for years, but a new report shows just how much: Slice Intelligence found that Amazon accounted for 43 percent of all online sales in 2016. According to a report , what’s more, Slice Intelligence found that Amazon accounted for greater than half of all the growth in online retail sales in the U.S. last year.

Sales 60
article thumbnail

South Korea’s Race To 100% Internet Access

PYMNTS

Out of the 19 million homes in South Korea, a government survey found that 99.2 percent have access to the internet. Up by 3.2 percent from last year, South Koreans over the age of three are all plugged into the World Wide Web. What makes this truly amazing is when you consider the fact that only three-fourths of homes in the United States have access to the web.

article thumbnail

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

article thumbnail

Nyca Partners Raises $125M For Second FinTech VC Fund

PYMNTS

Nyca Partners, the venture capital firm focused on the FinTech market, raised $125 million for a second fund. According to a report , Hans Morris, the former Visa president turned venture capitalist, created Nyca Partners in 2014, launching a $30 million fund. The fund invested in a slew of FinTech startups, including Lending Club, SigFig and Orchard.

article thumbnail

Blockchain Tracker: Governments Trust In Blockchain

PYMNTS

Setting and sticking to a budget can be difficult for anyone — and it’s even more so for the government. Given the fact that governments can be impacted by myriad factors at any time, they need to have a solid financial management system in place. What happens in one corner of the world can have either little impact or significant consequences. All of this depends upon the government policies already in play and how each part of the world is connected to one another.

article thumbnail

Investment Tracker: FLYR’s Data Science Shakes Up Travel Industry

PYMNTS

Investment activity picked up markedly in the penultimate week of January — but only as a headline. For the $1.4 billion in dealmaking activity seen in the week, roughly 85 percent came from the deal that BDO Unibank, the largest bank in the Philippines as measured by assets, floated, netting $1.2 billion. That capital is earmarked toward helping the firm’s balance sheet ahead of new capital rules that go into effect within the next two years.

article thumbnail

Starbucks To Roll Out AI Barista

PYMNTS

Need a Frappucino? Now, there’s artificial intelligence (AI) for that. Starbucks already has an order-and-pick-up feature on its mobile app, but soon customers will be able to use their voice to order. The company recently announced a new feature that will allow customers seeking a caffeinated beverage or a breakfast sandwich to place their order via voice command.

article thumbnail

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.

article thumbnail

Is The World mPOS’ Oyster?

PYMNTS

Consumers from Toronto to Dubai are getting their hands on smartphones, and mobile payment usage is on the rise as a result. With more citizens in more countries than ever before embracing the convenience and utility provided by smartphones, mobile point-of-sale (mPOS) providers are looking to expand their customer base with new collaborations and investments designed to expand the company’s reach.

Sales 57
article thumbnail

Always Be … Building A Better Platform

PYMNTS

While we may struggle to remember a day before everyone carried a smartphone, it wasn’t that long ago that mobile technology was still the stuff of science fiction (and beyond that, even the Star Trek “communicators” were more one-time burners than actual computers in your pocket). As technology has evolved rapidly to become an integral part of modern life, businesses have had to keep up.

article thumbnail

Banks Blind To Many Cyberattacks, Research Says

PYMNTS

Many financial institutions are unable to detect a cyberattack, according to new research from Kaspersky Lab and B2B International. Reports Tuesday (Jan. 31) said the companies have released their joint analysis on the issue to find that more than a third (38 percent) of banks and payments organizations admit it is becoming increasingly difficult to differentiate between a fraudulent and genuine transaction.

Banking 56
article thumbnail

Private Sector, Health Care, Government All Face Data Security Risks

PYMNTS

This week’s data digest is all about, well, data. The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. Health care entities and government agencies, too, are at risk for their data security. We take a look at some statistics around the ITRC and CyberScout’s latest report, as well as new data on government and health care data management p

article thumbnail

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.

article thumbnail

McDonald’s Big Mac ATM

PYMNTS

McDonald’s has spent the better portion of the last year developing and implementing strategies to bring the global fast-food franchise into the 21st century. Other global competitors have beaten McDonald’s to the punch tech-wise — Starbucks, Domino’s and Taco Bell, for example, are years ahead of Mickey D’s when it comes to ordering online and using digital tools to enhance the consumers’ experience.

Retail 54
article thumbnail

Tricentis Raises $165M To Rival Software Testing Leaders?

PYMNTS

Tech startup Tricentis just raised a major venture capital funding round in effort to take on top rivals like Hewlett Packard Enterprise and Microsoft. Reports Monday (Jan. 30) said Tricentis raised $165 million last week for its software testing services. The Series B funding will help the company expand its footprint in the software testing market, which CEO Sandeep Johri said is slowed down by manual testing.

article thumbnail

Walgreens Lowers Its Offer To Buy Rite Aid By $2 Billion

PYMNTS

Walgreens Boots Alliance announced on Monday (Jan. 30) that it has decided to lower its offer to buy Rite Aid by $2 billion, as well as extend the deadline to complete the deal by six months. As a result, Rite Aid’s stock dropped 16 percent. According to Fortune , the deal, worth about $9.4 billion when it was announced in Oct. 2015, is now worth between $6.8 billion and $7.4 billion.

article thumbnail

Connected Wearables, Handbags? Yes, Please!

PYMNTS

Just when you think everything that can be connected is indeed connected, think again. The fashion world is swiftly embracing the Internet of Things, and the Rebecca Minkoff brand has chosen to take a dive into the digital pool by creating new wearables. Just ahead of Fashion Week, Rebecca Minkoff recently announced the launch of its connected handbags.

article thumbnail

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.

article thumbnail

Abu Dhabi Bank Implements Blockchain

PYMNTS

The National Bank of Abu Dhabi (NBAD) announced that it has become the first bank in the Middle East and North Africa to introduce real-time, cross-border payments on blockchain, thanks to its partnership with Ripple, a U.S. company specializing in blockchain. The NBAD now joins a growing list of banks around the world that have adopted the technology, including Santander, Standard Chartered and Unicredit.

Banking 52
article thumbnail

Mixing Virtual With Physical Cards A Recipe For Expense Control

PYMNTS

It’s not too often that the B2B FinTech space sees innovation targeted at commercial cards. But the area of employee spend management is in need of such improvement, says startup Spendesk , that the way businesses use commercial card technology is in need of a change. Rodolphe Ardant, founder and CEO of Spendesk, wrote a company blog post this month highlighting why disruption is needed.

article thumbnail

Spotify Could Delay IPO To 2018

PYMNTS

It turns out that 2017 might not be the year of Spotify’s IPO after all. Spotify’s goal had been to go public in the second half of 2017. By the numbers, Spotify is the most successful music streaming service in the world, with the most paid subscribers. But Spotify, after a decade in business, is still having a hard time making any money. Spotify is now reportedly weighing a plan to delay an IPO until 2018, said TechCrunch , giving the company additional time to build up a better balance sheet

Sales 52
article thumbnail

Making Startups Pay (And Get Paid)

PYMNTS

The latest headline numbers focused on the U.S. economy showed a slowdown in annualized GDP growth, to 1.9 percent from as much as 3.5 percent in the third quarter. Part of that slowdown came on reversals of soybean import and export activity. Yet, consumer spending remained strong, and business investment anticipating continued strength showed up in the data, too.

article thumbnail

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.

article thumbnail

SAP Upgrades Banking Platform For FIs

PYMNTS

One month after its release, SAP’s Omnichannel Banking solution is already getting an upgrade. The enterprise technology firm released the banking platform last month to help financial service providers develop banking apps on mobile, tablet and desktop channels. The solution aims to help banks develop their own banking solutions for small businesses, as well as retail and commercial banking clients, and is built to align with other solutions in the SAP Hybris portfolio, the company explained.

SAP 52
article thumbnail

American Express Named Premier Member Of Hyperledger Project

PYMNTS

Hyperledger Project, a group created to advance blockchain technology, announced on Monday (Jan. 30) that American Express has joined the group as a Premier Member. In a report , Hyperledger Project said that, by joining the group as a Premier Member, American Express will be part of developing the mission to create an enterprise-grade, open-source distributed ledger technology.

article thumbnail

Amazon Tracker: By Land, Air, Sea

PYMNTS

The second half of January saw Amazon (AMZN) stock up a net 2 percent since its last tracker. On Thursday (Jan. 26) of last week, Amazon stocks neared their all-time high record (set in October 2016), hitting $842.60 in the early afternoon. Since then, prices slid a bit, though they were still up overall. At the time of this writing, Amazon was up 0.40 percent from Tuesday’s (Jan. 31) close to $826.73 in early-afternoon trading on the first day of February.

Math 51