Sat.Nov 05, 2016 - Fri.Nov 11, 2016

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Fake Retail Apps Are Here, Just In Time For Christmas

PYMNTS

The holiday season has arrived — meaning sales, snowflakes, good cheer, Christmas carols and fraudsters working day and night to break open your bank account through a variety of creative means. One of this year’s favorites so far, according to reports in The New York Times, has been fake retail and product apps popping up in the Apple App Store of late.

Retail 81
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Why Robust Data Integration is Critical to Effective EPM Processes

Planful

Key EPM processes include modeling, planning, financial consolidation, reporting, and analytics that are linked in a continuous, repeatable management cycle. As organizations move from spreadsheets and legacy EPM applications to cloud-based EPM platforms, robust data integration capabilities are essential to ensuring smooth-running EPM processes, accelerating planning and reporting, and providing actionable insights to managers across the enterprise.

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Cybersecurity Predictions For 2017 In The IoT

PYMNTS

As the digital age marches on, we have all learned that the convenience and benefits of the IoT , cloud storage and mobile devices come with a darker side. Chain Store Age just released its predictions for the near future of cybersecurity. Their predictions for 2016 turned out to be accurate, so it’s best to pay attention. Here are the upcoming trends and threats for 2017 and what businesses can do to keep up.

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For Banks, Tech As Threat And Savior

PYMNTS

In the opening scenes of “The Graduate,” a (supposedly) successful man whispers in Benjamin Braddock’s ear the key to the future: “One word: plastics.” Fast forward 50 years, and that single word could be recast: “One word: FinTech.”. The premise is the same no matter the verbiage. Technology’s inexorable march marches on, and the newest wave is FinTech — the disruptor of the way financials services are rendered and the key to how those services are to be reimagined.

Banking 78
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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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The Scary Success Rate Of Corporate Cyberattacks

PYMNTS

For some businesses, cybersecurity may be an abstract threat. Business owners may think “it won’t happen to me,” or they may be confident in their ability to remain unaffected by a cyberattack. But a new report by Accenture uncovers just how big of a threat cyberattacks are on businesses. According to the company’s latest data , released this week, about one-third of cyberattacks on businesses are successful in their attempts to infiltrate a firm’s existing defenses

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Thanks To Wells Fargo Scandal, Companies Overhaul Pay

PYMNTS

In the wake of the fake account scandal at Wells Fargo, companies are rethinking how they compensate salespeople, reported The Wall Street Journal. According to a report, companies are trying to overhaul how they compensate salespeople in an effort to improve customer service and prevent the bad behavior that did Wells Fargo in. Sure, commissions can motivate people to ink deals and boost sales, but they also have risks associated with them.

CFO 77
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The Fed Prioritizes Security As Payments Speed Up

PYMNTS

The U.S. Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security. The task force, made up of about 160 members, will explore areas of payments security, like identity management and data protection, in hopes the survey will he

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Cash Is Extremely Expensive For Small Biz, Study Says

PYMNTS

Cash may be king, but for small businesses, cash is expensive. New research from Sage finds that small businesses in the U.K. are losing out on $11.8 billion every year because of their cash transactions. Those costs can rack up in a number of ways, researchers found. For instance, nearly a quarter of small businesses surveyed by Sage said they had been the target of cash theft by a member of their own staff.

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Bitcoin Tracker: Bitcoin Black Friday

PYMNTS

In this week’s Bitcoin Tracker, bitcoin soars, then settles down and plans for its yearly sale abound. Switzerland gives bitcoin a hand by way of rail ticket machine sales, an Australian startup banks on the aptly named Dash and Zcash fervor fades. The election came and went and, with it, brought some stock market shock. First, they slid way down ( investors don’t like surprises ), then they rose back up a bit.

Math 76
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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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JPMorgan And Deutsche Bank Declined To Sell Shares Of Uber To Wealthy Clients

PYMNTS

Uber is gearing up to launch an initial public offering at some point, which is expected to be red hot, but at least two Wall Street banks passed on selling private shares to high-net worth clients in January. That’s according to a report by Bloomberg , which cited people with knowledge of the matter. While many banks are clamoring to get in on the potential IPO, JPMorgan Chase and Deutsche Bank turned down the opportunity to offer shares to its top customers, largely because Uber wouldn’t giv

Banking 76
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Wipro Launches Open Banking API Platform

PYMNTS

Wipro, the information technology, consulting and business process services company, announced Monday (Nov. 7) it launched its Open Banking API platform. The Open API platform will enable banks and financial institutions to launch Open Banking initiatives. With an open banking initiative, the company says financial institutions can create new forms of distribution channels and servicing capabilities, as well as provide access to third-party application marketplaces.

Banking 76
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Secure Payments, Generation 2.0

PYMNTS

Two-point-oh. The number and the decimal — 2.0 — has evolved into a rough shorthand for the newest version of something. It’s ubiquitous. It could mean anything. A revamp, a redo, a new and improved model — from technology to your latest spouse. Enter 3-D Secure 2.0. Late last month, EMVCo published the EMV 3-DS 2.0 Specification, a messaging protocol that allows consumers to be authenticated to card issuers during card-not-present transactions.

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The End Of Cross-Border Payments

PYMNTS

[link]. We don’t talk about sending emails cross-border, even though that is what we are all doing when we send emails to our pals in India or Turkey or the U.K. It’s just point, click and send — and away that email goes. In this week’s episode of The Matchmaker Is In series, hosts Karen Webster and David Evans, economist and author of “ Matchmakers: The New Economics of Multisided Platforms ,” were joined by Jeremy Allaire , founder and CEO of Circle , to discuss what Circle is doing to m

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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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Marketers Focus On Mobile Shopping For The Holidays

PYMNTS

The best way to reach a holiday shopper might just be through their smartphone. That’s why marketers will be leveraging mobile in their holiday shopping strategies this year, with new and creative strategies that focus more on omnichannel solutions and less on generic mobile coupons. According to the BDO Retail Compass Survey of CMOs, nearly 60 percent of marketers plan to leverage mobile in their marketing strategies this holiday season.

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Securing 442 Million Points Of Failure

PYMNTS

442 million. A large number and not the number of tweets sent out reminding you to vote today. That’s the number of bank accounts opened in the world each year — for which digital identity is important and for which mobile identity can help facilitate that formerly paper-laden process. Given the staggering volume that comes through in the banking industry, it would follow that securing those accounts would be imperative, especially in the wake of the seemingly innumerable data breaches wor

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Corporate America Hinges On Presidential Election

PYMNTS

It’s one day to election day in the U.S., and as always, national economic issues are at the top of voters’ minds. The stakes are high for businesses of all sizes, and the latest data on corporates in America makes that abundantly clear. Small businesses are anxious, and there is evidence that large corporates’ cash management and investment strategies are also being shaped by political uncertainty.

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mVisa’s Mobile Pay Platform Rollout Launched

PYMNTS

mVisa’ s new mobile pay service is enabling 60 million more consumers to make digital payments on their mobile devices through a rollout on the Visa Developer Platform. Visa, Micromax and Transerv announced on Tuesday (Nov. 8) that the service will be launched for all Udio mobile app users across India, which includes Micromax smartphone users. The strategic collaboration of the three brands will deliver mobile-based payment solutions, supported by RBL Bank, to even more consumers.

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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 Real-Time Fraud Intelligence Factor

PYMNTS

“Who’s on First” was funny when it was an Abbott & Costello skit about baseball player nicknames. But for merchants who really need to verify whether the person at their virtual front door is really a legitimate customer, getting a straight answer in a matter of seconds is essential. The power of real-time customer data can not only help know your customer (KYC), but actually go further to identify and verify customers as well as the customer (i.e., merchants) behind the customer, Merlin Bis

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SMEs Unimpressed With Bank Advice

PYMNTS

The latest report from Close Brothers could be bad news for banks looking to stay competitive in the SME finance space. The firm released new data this week that found 80 percent of SMEs in the U.K. say they are not always adequately serviced with the advice provided by their banks, reports said Thursday (Nov. 10). The statistic is yet another piece of evidence on how traditional banks could be falling short of meeting their SME clients’ needs.

Banking 73
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eCurrency Mint And BRM Team For Digital Currency In West Africa

PYMNTS

ECurrency Mint announced Friday (Nov. 4) it inked a partnership with Banque Régionale de Marchés (BRM) to provide a digital currency in the West African Economic and Monetary Union (WAEMU). In a press release , eCurrency Mint said BRM will issue the digital tender, eCFA, in compliance with eMoney regulations of Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO), the central bank of WAEMU.

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McDonald’s New App Will Let You Order, Pay For Food

PYMNTS

The conveniences of fast food are getting even more convenient now that McDonald’s is gearing up to roll out the ability to order and pay for a Big Mac online. According to a report by The Next Web , McDonald’s is gearing up to launch the new app that will support online orders next year. But not every fast food fan is going to have access to the app since it will be launched only in certain international markets at first, including Australia, Canada, France and the U.K.

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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.

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B2B Payments’ Is Dotted And Ts Crossed, Securely

PYMNTS

Blockchain. It’s not just for banks anymore. In a move that helps cement B2B payments within the realm of secure transactions, PayStand, a B2B payment and billing company, has given firms the ability to notarize and also certify payments across the supply chain. The firm noted last month upon launching the service that payments recording and certification have been the purview of physical, manual processes — that is, signoffs via notaries or auditors.

B2B 72
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Contactless Card Usage In Europe Exploding

PYMNTS

Contactless card payment usage in Europe continues to explode as more and more merchants accept this form of payment, according to a new study by consulting firm RBR. In a report dubbed “Global Payment Cards Data and Forecast,” the firm found that one in five card payments will be contactless by 2021. That’s an increase from one in 20 as of 2015.

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Amazon Updates Skills Marketplace For Alexa Devices

PYMNTS

Shopping for Alexa skills, or capabilities that enable customers to interact with devices in a more intuitive fashion, has been made easier to do now that Amazon has given the skills marketplace an overhaul. Examples of skills for those who aren’t familiar include getting your Alexa-enabled device to play music, answer questions or set an alarm. Now, Alexa-enabled device owners can search, locate, enable and disable skills in the new marketplace dubbed Alexa Skills Marketplace.

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Ridesharing Startup Karhoo Shuts Down

PYMNTS

Karhoo, the startup that was aiming to take on Uber in the ridesharing app market, has shut down after burning through its capital. On the company’s website , Karhoo said it had to close the service and is looking at the next steps for its business. “Unfortunately, it became clear two weeks ago that the financial situation was getting pretty dire with Karhoo in urgent need of funding.

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.