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American consumers have fallen for mobile banking apps, but up to now, most businesses were not seemingly showing apps the same love. With the number of mobile banking customers now outnumbering those who bank at branches for the first time, consumers have warmly embraced banking via mobile apps. Despite that, the vast majority of American companies, particularly small businesses, have yet to adopt mobile financial management apps.
We recently delivered our Fall16 release. This release includes enhancements in several areas, including user experience, user productivity, and reporting. Improved User Experience. This release includes additional features available in all supported browsers. Features newly added include the Block and Actual Data Templates in the Planning module , as well as Employee Export and Compensation Add/Edit functions in Workforce Planning.
Upward and onward seems like a hopeful phrase, doesn’t it? Unless it’s fraud you are talking about. At the end of 2014, the average U.S. household held five mobile devices, while, at the start of 2016, that number has increased to about 13. Tech is a wonderful thing, when used for the forces of good and for quality of life. But alongside that iPad your 10-year-old daughter needed, the rate of online fraud attacks on retailers has doubled, up 137 percent year over year in the first quarter of thi
Poland’s startup ecosystem may be considered still in its infancy compared to larger European tech hubs, like London and Berlin, but that doesn’t mean it should be overlooked by entrepreneurs or investors. In this week’s installment of PYMNTS’ Weekly Tech Center Roundup , we look at how the country’s capital city is developing a tech landscape that’s quickly catching up with its western counterparts.
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
Singapore-based B2B FinTech firm MC Payment announced a new funding round, as well as global expansion, late last week. Reports Friday (Nov. 11) said MC Payment raised $3.5 million from an investment firm in Thailand, as well as participation from Aura Funds Management, tryb Capital and Perle Ventures. The funds have also allowed the company to enter the Thailand market, reports said.
Apple announced that it is expanding Apple Pay to allow nonprofit organizations and charities to accept donations via the mobile payments service and Apple Pay on the Web. The change takes effect immediately in the U.S. Previously, charitable donations were barred on Apple Pay due to a lack of safeguards and the ability to validate the legitimacy of charities accepting donations.
Apple announced that it is expanding Apple Pay to allow nonprofit organizations and charities to accept donations via the mobile payments service and Apple Pay on the Web. The change takes effect immediately in the U.S. Previously, charitable donations were barred on Apple Pay due to a lack of safeguards and the ability to validate the legitimacy of charities accepting donations.
U.S. prosecutors late last week charged a Florida man in connection with an illegal bitcoin exchange. According to a report by Reuters , Ricardo Hill, 38, was arrested in Florida in October and charged with conspiring to operate an unlicensed money transmitting firm. Hill is linked to an illegal bitcoin exchange owned by a person in Israel that is accused of hacks on JPMorgan Chase.
The payments landscape is only getting bigger. As more stakeholders and players join the fold, there’s a ripe opportunity to find innovative ideas in unlikely places. As part of the Commanders In Chief series, YapStone President David Weiss explained why it’s necessary to search both internally and externally for a growing number of partners and constituencies when carving out the path to innovation.
Small businesses aren’t getting their cybersecurity strategies right, according to new evidence from researchers. And with consequences ranging from data theft to noncompliance penalties, the stakes are high. The National Institute of Standards and Technology (NIST) is looking to help. With a guide developed for SMEs in need of cybersecurity direction, NIST’s latest paper, “ Small Business Information Security: The Fundamentals ,” released last week, aims to shed light on
CFOs are struggling to keep up with how quickly the requirements for financial reporting are changing, researchers have found. EY researchers released new data this week that concluded CFOs and financial controllers are struggling to keep up with the pace of change when it comes to corporate reporting standards and demands. One of the biggest hurdles for these professionals is actually implementing the changes, citing the cost and complexity of the shifts, according to EY.
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
One of the biggest hurdles for any company working in different countries around the globe is ensuring compliance across all of the different regulatory frameworks. It’s not always possible to operate in Australia in the same way operations are done in China. The more borders that a business crosses, the more complex adhering to regulatory standards can become.
Social media has taken on a life of its own — so much so that a new survey finds a lot of consumers value their life online at $100,000 to priceless. What’s more, 55 percent of survey respondents that partook in the Consumer Account Security Report 2016 put out by TeleSign said they place the responsibility of cybersecurity on businesses for their online and mobile accounts.
Banks’ shortcomings when servicing small business clients have become an engine behind the FinTech boom. Alternative lenders, for instance, largely emerged as a response to banks retreating from the SME lending market. Other SME-serving FinTech companies are offering the digital payments and cash management solutions many traditional FIs consider too costly to offer small businesses.
Being a landlord is never easy — especially when it’s not your full-time gig. And there are a lot of those. More than 60 percent of all property managers own and manage fewer than 20 units. Dealing with the headaches of marketing rental properties, vetting renters, getting leases signed, collecting security deposits and then servicing tenants means that these part-time landlords outsource those tasks to property managers who take a pretty hefty cut of their revenues.
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.
Political uncertainty, economic shifts, technological disruption — they all have an impact on how a small business feels about the current market climate. Small and medium-sized businesses can be fickle when it comes to adopting new technologies, for instance, or SMEs can feel hesitant to adopt emerging solutions, like on-demand services. From corporate use of Airbnb to SMEs’ confidence in cybersecurity, PYMNTS takes a look at the factors causing small businesses across the globe to either
Smart Token Chain (STC), a company that explores the use of blockchain for smart contracts, tokenization and other transactions, has announced the completion of a Smart Token transaction over the blockchain. Using the Ripple Network, Smart Token Chain said it has successfully completed a Smart Token transaction. Smart Tokens, the company explained in its release, offer security for currency exchanges that support the transfer of smart contracts and funds via distributed ledger.
Google announced Thursday (Nov. 17) that its Android Pay service which enables contactless mobile payments with Android mobile devices, is live in Poland. According to Google, Mastercard cardholders in Poland now have another way to make secure payments wherever Mastercard contactless payments are accepted. Google noted that Poland is the first country in central and eastern Europe and only the second country in Europe after the U.K. to launch the Google payment method.
The CFPB is taking a closer look at consumers and the relationship to their financial records — specifically the issues they face in accessing, using, and securely sharing their financial records. “Consumers should be able to use their financial records and account information and securely share access in an electronic format,” said CFPB Director Richard Cordray.
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.
KPMG had some bad news for the FinTech world this week. Along with CB Insights, KPMG researchers found in their latest quarterly analysis that FinTech investment by venture capitalists declined across the globe in Q3 of this year. Their “ Pulse of Fintech “ report found $2.4 billion in FinTech VC funding in the quarter, down 17 percent compared to the previous quarter — a stark decline from the $5 billion-plus quarterly investment values seen in quarters in 2015.
As payments continues to move and evolve, it’s become clear that the approaches that worked well in the past may not be enough to keep moving the industry forward. Tre Cage , COO of AOC Solutions , explained to PYMNTS why taking on innovation in today’s payment landscape means keeping an eye on where things are moving, without losing sight of how consumer and merchant insights are changing along the way.
Augmented reality (AR) isn’t just for Pokémon Go players (yes, they still exist) and fodder for near-future existential dread by way of Black Mirror. It’s projected to be the future of marketing and commerce. Where the IoT proliferates, AR will follow. Or so say the pundits. How far outside of gaming and how that actually happens is a function of how mainstream the AR UI actually becomes.
Merchant associations that represent tens of thousands of U.S. merchants are calling on Visa to provide steps to remedy what they say is violation of rules regarding EMV. In a press release , the group said it sent a letter to Visa CEO Charles Scharf and CEO-Designate Al Kelly after the Federal Reserve declared the technical specifications and rules provided to merchants as part of the move to EMV violated federal law.
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.
New research from comScore MobiLens revealed that mobile banking penetration in France is almost 30 percent. In Q2 2016, more than half (54 percent) of the country’s internet users visited online banking sites on a monthly basis, averaging 10 visits per month lasting more than five minutes each time. The usage of mobile banking accounts is also climbing.
Research by Kaspersky Lab revealed that when the holiday shopping season unofficially kicks off on Block Friday, the number of financial phishing attacks is expected to surge. The Kaspersky Lab Black Friday Threat Overview 2016 report predicts that the observed pattern of the holiday period bringing along increases in phishing and other types of attacks will continue this year.
Of all the barriers that exist to getting a disruptive technology off the ground, convincing users to change their behavior may be the most difficult. In corporate travel, there are two major forces that face this hurdle: virtual payments and sharing economy services. Both are slowly infiltrating the business traveler’s life, whether by businesses adding on-demand services, like Airbnb, to their list of approved travel vendors or by travel managers and accounting professionals making the s
USA Technologies, the payment technology service provider for the self-service retail market , announced Wednesday (Nov. 16) the launch of its Universal Card Link Connector, which enables industry operators in the amusement and arcade industries to connect cashless payment options, such as credit and debit cards and mobile wallets, to their equipment.
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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