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JULY 20, 2017

Innovation foundation Nesta has announced the 20 FinTechs chosen to compete for a $6.5 million prize as the company looks to boost innovation in the small business banking space. As part of its Open Up Challenge, announced in February, Nesta called for FinTechs that are using APIs to disrupt small business banking. The 20 chosen companies will compete for the prize money used to develop next-generation services and apps for U.K. small businesses, Nesta explained, adding that each of the 20 firms

Banking 62

Banking Retail Investments Accounting 62

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JULY 20, 2017

A group of six multinational corporations in Switzerland is urging banks around the world to join SWIFT’s gpi initiative, news reports said Wednesday (July 19). ABB, Nestle, SBB and others reportedly sent an open letter to banks promoting their support for SWIFT’s gpi (global payments innovation) initiative and urging those FIs to take part in exploring how to improve cross-border payment processes.

Banking 59

Banking Numbers B2B 59

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JULY 19, 2017

Mastercard is expanding its QR-based programs to create greater choice in retail mobile payments. The company today announced news of its plans to offer QR codes for scan by customers and merchants, building on its QR efforts in India, Thailand, the Middle East and Africa, as well as its collaborations with industry players to create new global QR standards.

Securities 59

Securities Retail Sales Technology 59

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JULY 20, 2017

Cryptocurrency Ethereum price has jumped more than 50 percent, recovering from losses over the last several days. According to a report , not only did the cryptocurrency that competes against bitcoin have its biggest percent gain during the past 24 hours, but it also had double the volume of bitcoin. The report noted that as of Wednesday (July 19) there is a $10-billion difference between the market caps of bitcoin and Ethereum, and if the prices for Ether continue to increase Ether will be a re

Currencies 59

Currencies Startups Economics Investments 59

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JULY 18, 2017

Turns out millennials are not the different-kind-of-banking-breed some had thought. It also turns out the much-vaunted social media generation is less inclined to use social media than you’d think. In a survey held from the end of June into early July and conducted by SurveyMonkey , the web-based survey firm queried more than 1,000 adults above the age of 18, 290 of which were defined as 18- to 34-year-olds: millennials.

Banking 57

Banking Accounting Finance Investments 57

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JULY 19, 2017

Alternative lending has shifted from a competitor of traditional FIs to a collaborator, often lending a digital hand to banks in need of upgrading their systems to provide faster, more agile financing to SMEs. A new report from the state-backed British Business Bank (BBB), however, suggests alternative lenders are becoming an increasingly important part of its operations in a different way, highlighting how the lines between alternative finance (AltFin) and traditional finance continue to blur.

Finance 55

Finance Banking Marketing B2B 55

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JULY 21, 2017

Connecting with consumers has seen a significant change over the course of the past few decades. No longer are retailers working with marketers to figure out a way to mass market products and services. With the advent of connected devices in the palm of almost every consumer’s hand, the retail ecosystem has certainly seen a shift. Retailers are working hard to not only adjust but also enhance the approach to securing and maintaining sales.

Retail 54

Retail Benchmarking Advertising Sales 54

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JULY 21, 2017

Mobile payments company PayPal made two big announcements on Thursday (July 20): that it is teaming up with JPMorgan Chase to further expand its mobile payment services, and that it is expanding its partnership with Citi to include loyalty rewards. In a blog post yesterday, PayPal said the deal with JPMorgan Chase will drive increased choice, flexibility and value for their joint customers, as well as enable the company to make further inroads into physical stores.

Securities 52

Securities Accounting Technology 52

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JULY 20, 2017

India’s Axis Bank, which has strengthened its position in the global corporate banking and payments space, is offering a new service to SME clients. An announcement Wednesday (July 19) said Axis is rolling out Invoicemart, a digital invoice discounting platform for small businesses. The bank said its first set of transactions on the platform has already been successfully completed.

Invoicing 52

Invoicing Finance Banking B2B 52

Speaker: James Kahler, COO of Full Course

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Planning

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JULY 20, 2017

With focus in the U.K. on small businesses as they struggle to survive late payments and restricted access to capital, the mid-market is facing its own challenges for growth. One of those hurdles, according to researchers at eProcurement software firm Wax Digital , is a lack of a digital procurement strategy, impacting the mid-market’s ability to effectively and strategically source suppliers and expand their supply chains.

Marketing 51

Marketing Invoicing Investments Planning 51

PYMNTS

JULY 18, 2017

Rivals Visa and PayPal have shaken hands over a joint plan to issue debit cards in Europe. The truce stands to benefit merchants most of all, as it will expand their ability to use their PayPal funds to support business expenses and unlock new possibilities at the point of sale. “Visa and PayPal have a shared goal of giving consumers a safe, convenient way to pay using their preferred device.

Planning 50

Planning Retail Accounting Economics 50

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JULY 20, 2017

Digital Shadows , the industry leader in digital risk management, revealed its findings on the changing habits and tactics of organized credit card fraud gangs, discovering a new trend in the form of remote learning “schools.”. According to a press release , these schools — available to Russian speakers only — offer six-week courses comprised of 20 lectures with five expert instructors.

Risk Management 49

Risk Management Securities Sales Numbers 49

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JULY 19, 2017

Shake Shack is adding Expo Screens by Kitchen Armor and Elo to the back-end kitchen operations of its 70-plus locations. Kitchen Armor manufactures stainless steel touchscreen enclosures. Elo’s open-frame touchscreens will compile all the components of each customer’s order in the final moments before the order is fulfilled to ensure that nothing is missing.

Manufacturing 49

Manufacturing Technology Retail 49

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

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JULY 18, 2017

Robots are coming for your job! Run! As more chatbots enter the enterprise arena, as well as the retail industry, for customer service needs, this concept has morphed from fantasy into reality. Artificial intelligence (AI) has helped to swing the pendulum in favor of chatbots, along with other technology integrations, into a sweet spot that’s helping to likely streamline processes throughout retail.

Retail 48

Retail Manufacturing Communication Marketing 48

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JULY 17, 2017

Bike-sharing has become big business worldwide in a relatively short span of time. Virtually unheard of even a few years ago, these days there are over 1,000 bike-share operations in locations around the globe — and research firm Berger expects that by year 2020, the industry will be worth almost $6 billion annually. Here in the States, urban commuters are doubtlessly familiar with bike-sharing based on docking stations — from metro Boston’s Hubway service to Los Angeles’ Metro Bike Share.

Transportation 48

Transportation Startups Concentration Leverage 48

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JULY 21, 2017

The buyer-supplier disconnect in how payments are made and received is a predicament at the cornerstone of many innovative B2B FinTech solutions. Buyers have their own preferences in how they want to pay, and they typically want to wait to settle their invoices to hold on to their cash for as long as possible. Suppliers, though, often want to be paid differently than how buyers pay — and want that cash quickly.

Invoicing 47

Invoicing Reconciliations B2B Education 47

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JULY 18, 2017

The Federal Trade Commission (FTC) is putting the kibosh on a debt collection operation’s illegal activity. The operation had been extorting money from consumers, who did not actually owe anything, by pretending to be lawyers and threatening victims with lawsuits or arrest if they didn’t pay up. The FTC reported news that victims received phone calls stating that legal action had been filed against them, or soon would be, and that they should call in with the provided case number — phony, of co

Education 47

Education Numbers Securities 47

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Reconciliations

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JULY 21, 2017

If a data breach is a sprint — where a fraudster grabs as much data as he or she can, as quickly as possible, in an effort to maximize ill-gotten gains — the fight against fraud is a marathon. A marathon that never ends. Fraud varies country to country, region to region. Just as payment methods are varied, so too are the ways that people pay, and whether, given a certain locale, they prefer paper (cash) over plastic (via mag stripe or chip card), or mobile over interactions with the cashier — th

Numbers 46

Numbers eCommerce Accounting Retail 46

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JULY 17, 2017

If your company has employees who travel for work, chances are there’s at least one area of your travel program that’s costing your business unnecessary money. According to Lesley O’Bryan, principal and vice president of travel advisory company Advito , non-optimized business travel and wasted money could be coming from something as simple as an employee who travels when they don’t need to.

Data Analysis 46

Data Analysis Finance Technology B2B 46

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JULY 18, 2017

What’s worse than having your phone die at dinner? Literally nothing. How will you Instagram your meal? How will you call an Uber home? What if there’s an emergency and the babysitter can’t call? The whole night is ruined. OK, maybe it’s not that dramatic, but it sure feels that way sometimes, and iQi Charge notes that 92 percent of the public would panic if their phone died on them.

Sales 46

Sales Technology 46

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JULY 21, 2017

Amazon has acquired Graphiq, Inc. , a data analysis and search engine startup, to help improve its Alexa virtual assistant and other services. The Los Angeles Times reported the news, citing four sources familiar with the deal but unauthorized to discuss it. While one source suggested the deal was worth at least tens of millions of dollars, another estimated its value at $50 million.

Startups 46

Startups Data Analysis Technology Finance 46

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Accounting

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JULY 18, 2017

One shipping industry watcher is accusing the United States Postal Service of effectively subsidizing the price of shipping Amazon’s packages. According to Fortune , Josh Sandbulte, who is also a money manager, the USPS has gone beyond just agreeing to offer Sunday delivery for the online retail giant. In an opinion piece in the Wall Street Journal , Sandblute explained that Congress has prohibited the USPS from setting its parcel prices below its costs to keep it from unfairly undercutting comp

eCommerce 46

eCommerce Retail Investments 46

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JULY 21, 2017

“Finance is pretty broken.”. So started Affirm’s Co-Founder and CEO Max Levchin ’s remarks at his firm’s first-ever AFFIRMation conference for its retail partners in San Francisco yesterday. Levchin, by his own description, has spent his career in financial services and founding companies — “some of which succeeded, some didn’t.” His best-known effort — and a very clear entry into the “win” column — is, of course, as part of the founding team at PayPal.

Finance 44

Finance Retail Risk Management Numbers 44

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JULY 21, 2017

Dick’s Sporting Goods is joining the price matching game with its latest news. Competing with Amazon’s prices has mostly been an online battle of e-retailers throwing down the gauntlet. Dick’s Sporting Goods is upping the game for brick and mortar. The sports gear, sportswear and apparel retailer has fine-tuned its price-matching policy to include online retailers, including eCommerce giant Amazon.

eCommerce 44

eCommerce Retail Marketing 44

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JULY 20, 2017

Imagine growing up in a world where the internet — and the good and bad parts of it — has always existed. That’s the reality for those born in the mid-to-late 1990s, the group known as Generation Z, or “Gen Zers,” for short. As such, it should come as no surprise that social media has had a large influence on this group of young consumers.

Marketing 44

Marketing Retail Numbers 44

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