PYMNTS

SEPTEMBER 13, 2016

One year into the shift to chip-enabled cards — for the U.S., that is — Mastercard said on Monday (Sept. 12) that data shows a “ positive impact ” through the technology across stakeholders, including issuing banks, consumers and merchants. In reference to fraud — the very activity that the cards are designed to thwart — Mastercard stated that fraud data shows a 54 percent decrease in counterfeit fraud costs at retailers who have either completed or are close to completing EMV transitions, as me

Sales 92

Sales Retail Banking Technology 92

Planful

SEPTEMBER 13, 2016

I had a chance to connect with Nilly Essaides , the Director and Practice Lead, Financial Planning & Analysis (FP&A) at the Association for Financial Professionals. Here’s what she had to say about what’s new and what’s coming in FP&A. Please tell us about the AFP and your role there. Nilly: The Association for Financial Professionals is the professional society that represents finance executives globally.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Education Benchmarking 40

PYMNTS

SEPTEMBER 13, 2016

Apple is about to face opposition from a group of Seoul-based financial technology firms that are gearing up to file a complaint with the Korean Fair Trade Commission. According to a report , the financial technology firms are upset about Apple’s closed policy for the near-field communication functions of its iPhones. The financial technology firms in Korea , which include Hankook NFC, Kona I and Cashbee, and law firm Tech&Law reportedly held a meeting last week to hash out how to respond to

Transportation 84

Transportation Communication Technology Numbers 84

PYMNTS

SEPTEMBER 15, 2016

The Internet of Things (IoT) has its sights set on changing the health care industry as we know it. Figures from PricewaterhouseCoopers estimate that the connected health care market could grow to $61 billion by 2020 — that’s a growth rate of 33 percent annually from current levels. The market for IoT health devices is also expected to see a surge to $14 billion by 2020.

Healthcare 83

Healthcare Leverage Marketing 83

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Budgeting

PYMNTS

SEPTEMBER 12, 2016

At this point, omnichannel isn’t anything new. Omnichannel is supporting payments across multiple channels, we got it. Though many merchants aren’t there yet (even though consumers are demanding they should be), the concept has become commonplace in today’s digital landscape. But ensuring that consumers are able to pay when they want, how they want and where they want requires more than making sure a transaction goes through.

Retail 81

Retail Education eCommerce Sales 81

PYMNTS

SEPTEMBER 16, 2016

Latin America is making big gains in the realm of payments, but Mexico may just be the region’s standout star. The country has gone through its fair share of hardships — drug wars, government corruption and unpunished crimes, to name a few — but the tech ecosystem is defying the odds. In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we take a trip south of the border to explore the development of Mexico’s tech landscape and how it may actually be producing the next Silicon Valley.

Startups 79

Startups Investments Numbers Technology 79

PYMNTS

SEPTEMBER 16, 2016

From now until 2020, the global Internet of Things is expected to grow at a CAGR of 36 percent. That’s according to a new report out this week. . While some believe the IoT is still in its infancy, PYMNTS continues to monitor this network through the IoT Tracker , sponsored by Intel, f ocusing on technology integrated into everyday objects and life.

Sales 79

Sales Technology Marketing 79

PYMNTS

SEPTEMBER 15, 2016

Big news on the cybersecurity front and great news for the cybersecurity industry. New York Governor Andrew Cuomo and the top bank regulator for the state proposed on Tuesday (Sept. 13) that the state be the first to require banks to establish cybersecurity programs. The regulations, if implemented, could cost banks and insurers millions, as banks would be forced to detect and deter incoming cyberattacks to protect consumer data by implementing systems under a chief information security officer.

Banking 79

Banking Construction Securities 79

PYMNTS

SEPTEMBER 16, 2016

Research and Markets announced on Thursday (Sept. 15) the release of the “ Global NFC Transaction Market 2016–2020 ” report, which found that the NFC transaction market is set to grow at a CAGR of 55.23 percent during the period of 2016 through 2020. Based on in-depth market analysis and inputs from industry experts, Research and Markets said in a press release that the report covers the market landscape and its growth prospects over the coming years.

Marketing 78

Marketing Forecasting Securities Retail 78

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Accounting

PYMNTS

SEPTEMBER 14, 2016

The U.S. government seems to be accepting the positive impact that digital currencies and blockchain could have on legacy financial systems, according to Business Insider. A non-binding resolution was passed on Monday (Sept. 12) by the U.S. House of Representatives, asking the government to establish a national policy for technology. The resolution implies that bitcoin and blockchain technology are ways to help the unbanked and empower the consumer.

Currencies 78

Currencies Financial Systems Securities Technology 78

PYMNTS

SEPTEMBER 14, 2016

Retailers have been conditioned to think that fraud is simply an unavoidable cost of doing business. And, year in and year out, they factor into their budgets whatever percentage of sales they are comfortable writing off due to not only fraud but also fraud prevention, which has traditionally been strongly risk-averse and often blocks good sales, as well as fraudulent ones.

Retail 78

Retail Sales Budgeting Investments 78

PYMNTS

SEPTEMBER 16, 2016

With no Samsung-like news for bitcoin, prices are holding steady and are even a bit bullish. Pundits expect that trend to continue, unless the price goes below $600, when traders are advised to close long positions to prepare for an initial downside to $570. But let’s turn to the miners, who aren’t happy at all with a stable bitcoin price. The bitcoin block reward was halved in July, which has changed the profitability of new miner entries and could impact the decentralization of bitcoin.

Currencies 77

Currencies Concentration Securities Banking 77

PYMNTS

SEPTEMBER 12, 2016

Speed and aesthetics are the way to a consumer’s heart, it seems. A study by Dotcom Distribution, a logistics and fulfillment firm, found that close to 90 percent of online shoppers consider delivery times central to their decision to shop with an eCommerce brand in the future. Not only that, but almost 70 percent of online shoppers are willing to pay extra for same-day delivery if they are under a deadline, such as an anniversary or birthday.

Securities 77

Securities eCommerce Retail Marketing 77

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PYMNTS

SEPTEMBER 14, 2016

The need for speed has a double edge, and in the payments world, this double edge is more choice for businesses and consumers against potential opportunities for fraudsters to tap into new payment models. ACI Worldwide advises that, as the world moves toward immediate payment ecosystems, a holistic view of the transaction, with layered controls from origination to the application of real-time rules, is the only way to push the pedal to the metal on faster payments and put the brakes on fraud.

Risk Management 77

Risk Management Securities Banking Investments 77

PYMNTS

SEPTEMBER 12, 2016

It was a big week for payments and commerce last week. The rapid proliferation of headlines indicated that everyone came back from summer vacation tanned, rested and committed to finishing off 2016 with a sprint. Some of the big news was expected — the iPhone launched to a collective yawn and probably decent sales in its first weekend. Nothing like having the competition’s phone blow up, literally, to drive sales of your own product.

Advertising 77

Advertising Retail Currencies Leverage 77

PYMNTS

SEPTEMBER 13, 2016

Facebook Messenger is officially accepting payments. The social media platform announced that its chatbot service is now commerce-enabled. At the TechCrunch Disrupt SF 2016 event on Monday (Sept. 12), David Marcus, VP of messaging products at Facebook, explained that users will no longer be sent to an external website because Messenger bots will be able to facilitate payments natively, TechCrunch reported.

Numbers 77

Numbers Accounting Banking 77

PYMNTS

SEPTEMBER 14, 2016

If you don’t think computer hacks and viruses are a big deal, think again. According to a survey by Zogby Analytics for Hartford Steam Boiler Inspection and Insurance Company (HSB), more than one-third of U.S. consumers have experienced a computer virus, hacking event or some other cyberattack during the past 12 months. What’s more, the survey found the most likely victims are young adults between the ages of 18 and 24.

Securities 77

Securities 77

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.

Planning

PYMNTS

SEPTEMBER 14, 2016

A new survey from global cybersecurity company Kaspersky Lab revealed that cyber attacks typically costs large businesses $861,000 on average. For SMBs, the damages from cyber attacks usually end up costing the company an average of $86,500. According to the report, titled “Measuring the Financial Impact of IT Security on Businesses,” roughly half (49 percent) of U.S. businesses, and over half globally (52 percent), work under the assumption that their IT security will at some point be compromis

Budgeting 76

Budgeting Securities Numbers Marketing 76

PYMNTS

SEPTEMBER 15, 2016

With the payments sphere accelerating towards real-time transactions, FinTech players of all types are exploring how they can be some of the first to make that goal a reality. One blockchain company claims it’s nearly done it. Reports on Wednesday (Sept. 14) said BlockCypher can now facilitate near-instant cross-border payments for corporate payers. “While many banks have started proof of concepts to explore the use of blockchain technology, BlockCypher customers are already in produ

Securities 76

Securities Technology Banking Marketing 76

PYMNTS

SEPTEMBER 15, 2016

To be the first to do anything is always a coup. You want first pick in your fantasy football league. Who doesn’t want first pick of the holiday White Elephant gift? Being the first child in the family certainly has its perks. Barclays had a first this week. As trade finance has gained the confidence of many industry analysts, Barclays reportedly made a “ world first ” with its successful completion of a trade finance transaction using blockchain technology.

Problem Solving 76

Problem Solving Startups Compliance Finance 76

PYMNTS

SEPTEMBER 12, 2016

The rise of eCommerce , the push toward omnichannel shopping platforms, the increasing relevancy of social media on shopping habits and the development of the Internet of Things to plumb every last morsel of data on customers and what they spend money on are all rapidly and drastically altering the face of retail. Who isn’t curious to know what retail will look like come 2020?

Retail 76

Retail Forecasting eCommerce Sales 76

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

Finance

PYMNTS

SEPTEMBER 15, 2016

In an effort to bridge what is increasingly being known as the “inclusion gap” for minorities, Visa is finding promise in supporting products for financial inclusion in the credit union and community bank portfolio. The goal? To hurdle the financial gap that exists for these underserved populations in North America. In an interview conducted by Karen Webster with Rob Meloche, Senior Director of Global Financial Inclusion at Visa, the conversation focused on the payment company’s research, conduc

Credit Risk 76

Credit Risk Nonprofit Banking Numbers 76

PYMNTS

SEPTEMBER 13, 2016

To attend this live digital discussion on Thursday, September 22, 2016 at 1:00 PM (EST), please complete the registration form shown below: [contact-form-7]. In this live digital discussion on cross-border transactions, a panel of cybersecurity experts from ThreatMetrix and Karen Webster, CEO of MPD, will focus on new ways to authenticate customers transparently and pinpoint cybercriminal activity before it enters the business.

B2B 76

B2B Sales Securities Retail 76

PYMNTS

SEPTEMBER 13, 2016

EBay and Myer , the Australian marketplace, are joining forces to launch what they are billing as the world’s first virtual reality department store. Through the new virtual reality department store, shoppers can browse more than 12,500 Myer products, which can be selected and added to their cart via eBay Sight Search. The virtual reality department store connects to the existing eBay.com.au application programming interface and enables Myer’s product range, pricing and stock information to be u

Retail 75

Retail Technology eCommerce 75

PYMNTS

SEPTEMBER 12, 2016

It seems strange to see mobile digital technology working in conjunction with centuries-old traditions. Buying an iPhone 7 Plus online is one thing, but buying a ram for slaughter at a livestock market is another. Eid al-Adha is a Muslim holiday, and in Senegal, according to Reuters , each family slaughters a ram for a feast. The demand for rams is huge at this time, and traders travel hundreds of miles to sell their livestock.

Banking 75

Banking Securities Marketing Technology 75

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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.

Accounting