Sat.Jan 07, 2017 - Fri.Jan 13, 2017

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The Wonder Of Wegmans

PYMNTS

Supermarkets aren’t generally the sorts of things that generate massive, dedicated fan bases. Certainly most shopper have a preferred grocery store (or at least one they tend to frequent more often than others) — but in general, it is not something most people talk all that often about since on the whole shopping for groceries doesn’t register all that highly on the excitement meter.

Retail 91
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Changing The Stripes Of Omnichannel Inventory Management

PYMNTS

In retail, inventory is what you’ve got and you hope they want. But when it just sits there gathering dust, money isn’t coming in, and space is being wasted. Human judgement — what to offer, where and when, and for how much — drives inventory decisions. But human judgement is, of course, fallible if it does not have the correct information at hand. Technology, as it does so often with every corner of life, can help augment that (retail) judgement.

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PayPool Jumps Into B2B Payments Waters

PYMNTS

The B2B payments space has just grown, thanks to the new presence of PayPool. The U.S. company, founded just last year, made an announcement Friday (Jan. 6) that it has officially begun services with the launch of its bulk payment and distribution service. Companies upload payment information via digital document to the PayPool portal, which then validates that information to ensure compliance.

B2B 53
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Covet Fashion: New Virtual Models For Diversity

PYMNTS

Covet Fashion, which has more than 500,000 daily users, is aiming to celebrate women and change the way they feel about themselves through an evolution of its game-like styling platform, Style Challenges. In working with Glu Mobile Inc., the two companies announced that 50 new virtual models are now on the platform — ones with more shapes, sizes, heights, skin colors and facial features.

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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.

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NEW REPORT: Will Faster Payments Take Banks For A Walk On The Wild Side?

PYMNTS

When it comes to faster payments, we have decidedly achieved liftoff. Faster payments solutions are gaining traction as more companies roll out solutions to help companies distribute funds faster between businesses, institutions and consumers. As 2017 kicks off, new developments in payments technology are expected to shake up the industry. The January Faster Payments Tracker™ showcases several new occurrences that could alter the way companies do business.

Banking 52

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Food Stamps Online: The $75B Grocery Game-Changer?

PYMNTS

Being poor is expensive. Though it seems somewhat counterintuitive, doing just everything costs a bit more when you have less. Consumers who can’t maintain a minimum checking account balance pay monthly fees. Those who are unbanked pay to cash their checks, to get money orders to pay their bills and to buy and use prepaid cards. Low-income consumers are far more likely to find it difficult to secure mainstream credit sources and are thus much more likely to make use of high-cost alternativ

Retail 51
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Upping Gift Giving’s IQ

PYMNTS

This past season, as always, the halls were decked and wrapping paper was torn to shreds. Also shredded were the egos of untold gifters and gift-getters who simply got their signals crossed. Sure, it’s the thought that counts, but no one wants to be asked, “What the heck were you thinking?”. Thus, the topic of our latest Topic TBD, where PYMNTS’ Karen Webster sat down with Ben Strenitz, cofounder, COO and CPO of SmartGift, to offer an analysis on what constitutes the ultimate home run when it co

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Amazon Steals Target Exec To Expand Prime

PYMNTS

Amazon has tapped Jamil Ghani, Target’s SVP of strategy and innovation, to head up the Amazon Prime membership business outside of the U.S. According to a Recode report that cited a person briefed on the move, Ghani will report to Amazon VP of Amazon Prime Greg Greeley. The report noted that Ghani was a rising star at Target, coming up with new ways for the retailer to grow in a market that is being disrupted by Amazon.

Sales 49
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Mobile Devices Gain Steam Among B2B Buyers

PYMNTS

The enterprise has struggled to adopt the mobile device in a way that is secure and efficient, especially when it comes to areas of finance like procurement and payments. Last year, a report by TSYS and the NAPCP found that B2B mobile payments continue to lag in terms of adoption rates, citing supplier resistance and a lack of upper-management support to make the shift.

B2B 49
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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

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Coty Snags Stake In Peer-To-Peer Platform Younique

PYMNTS

Global beauty products company Coty is entering into a partnership with online P2P social commerce platform Younique. Coty is slated to put up $600 million in cash for 60 percent ownership of the platform. The partial purchase is seen as the latest consumer products deal for scooping up an online startup, which will allow for a direct-to-consumer element and will circumvent brick-and-mortar shops, such as Sephora and Ulta Beauty.

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Hyperwallet Adds Office In London

PYMNTS

Global payment provider Hyperwallet has officially opened an office in London. The San Francisco–based company’s announcement marks its next step in global expansion, specifically focusing on the “gig economy,” as well as new digital marketplaces and on-demand companies. The new London office is led by Aran Brown, who has more than a decade of experience in strategy business development and will steer as the company’s European managing director.

Numbers 49
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Grocery Tracker: Automation, Integration

PYMNTS

In this week’s Grocery Tracker, Panasonic shows off its automatic grocery-bagging robot, two new smart fridges come to market and Sprouts sprouts new locations, while Kmart drops a few. First up, Panasonic just debuted a system that could change the grocery checkout game for good. (For stores that plan on keeping checkout around, anyway. Sorry, Amazon Go.).

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CSI globalVCard Incubator Calls For More B2B Payments Innovation

PYMNTS

CSI Kick Start, a FinTech incubator operated by corporate payments company CSI globalVCard, said it has officially kicked off its second year of searching out B2B payments innovators. The company said Thursday (Jan. 12) that the application process for its incubator is now open, with CSI Kick Start looking for companies innovating in the areas of virtual cards, ACH, foreign exchange and other B2B payments issues, like fraud and digitization.

B2B 49
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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.

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Bluefin Payment Systems Gets Two Patents

PYMNTS

Bluefin Payment Systems, the provider of PCI-validated point-to-point encryption (P2PE) solutions for retail, health care and higher education, announced Tuesday (Jan. 10) the issuance of two new patents by the United States Patent & Trademark Office. In a press release, Bluefin Payment Systems said the patents cover the systems and methods for decryption as a service via a message queuing protocol and systems and methods for decryption as a service (DaaS) via configuration of read only dat

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AI Platform By Conversica Automates Business Conversations

PYMNTS

Investment activity picked up for the first full week of the new year as measured against the last week of December, logging a total of just under $519 million. This time around, the B2B sector led FinTech as the area where the most funds flowed, with about $456 million. As had been seen in the last few weeks of the year, the total amounts invested were dominated by a few outsized deals, with two triple-digit transactions.

Sales 49
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Coupa Makes First Takeover As Public Firm

PYMNTS

Corporate spend management software company Coupa has made its first takeover since going public last year. The company announced Tuesday (Jan. 10) that it reached a deal to acquire Spend360, a U.K. firm that provides digital data management solutions, including data analytics, using machine learning and artificial intelligence, for corporate finance and procurement teams.

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Uber Of X: iCracked, On-Demand Technicians For Your Broken Smartphone And IoT Home

PYMNTS

One of the worst moments in our personal tech world: dropping a smartphone and picking it up only to see a shattered screen. There are, of course, options for getting it fixed: little hole-in-the-wall shops, get a new phone … or log onto a special, on-demand technician, “Uber of X” platform called iCracked. Based in San Francisco, iCracked is a platform that will bring the smart device technician to the consumer.

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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.

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A Kinder, Gentler Debt Collector?

PYMNTS

They say that necessity is the mother of invention. “I came from a poor immigrant background,” said Hanif Joshaghani, cofounder and CEO of Canadian FinTech startup Symend. “Some of the biggest targets for collection agents are those areas, especially people with a lack of knowledge of the impact of credit. It’s something that I saw around me quite a bit when I was a kid, and it’s something that I think can be addressed.

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How Wellington’s 20 Percent Advantage Is Fueling Tech Growth

PYMNTS

Though small in size, Wellington, New Zealand has grown into quite a hub for successful tech-based startups and social enterprises. In this week’s Hacker Tracker, we travel to what may just be the most southerly startup hub to see how the small city packs a big 20 percent advantage over other tech centers. Before we jump into the post, here are a few quick facts about Wellington and its tech scene: Wellington has an estimated population of 496,000.

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Transmit Security’s New Platform Eliminates Need For Passwords

PYMNTS

Transmit Security, the programmable authentication company, announced a $40 million self-funded round of financing. In conjunction with the fundraising, the company also announced a new platform aimed at disrupting the $10 billion authentication software market. In a press release , Transmit Security said the technology platform enables companies to get rid of passwords and implement any form of identification verification on any device across all customer-facing channels.

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Payroll Disrupting Startup Activehours Raises $22M In Venture Capital

PYMNTS

Money is flowing into the coffers of one startup that is looking to change the way paychecks are paid. TechCrunch reported that Activehours has grabbed $22 million in Series A funding through a round led by Matrix Partners. That follows $4.1 million raised previously in seed financing. TechCrunch likened the startup to an ATM that lets consumers who have worked to accumulate wages pay for “unexpected” transactions, such as car repairs, without the fees that would be levied from traditional sourc

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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.

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Voice Activated Tracker: Growth On The Horizon

PYMNTS

This week’s Voice Activated Tracker starts off with a bang as new research from Gartner Consulting projects big things for the voice-activated space as part of a larger growth trend across all “supplementary connected devices.”. Analysis from Gartner projects flat growth for worldwide device shipments. The firm predicts that combined shipments of PCs, tablets and mobile phones will total 2.3 billion in 2017, the same as 2016 estimates.

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Amazon Exec Questions Drone Laws At CES

PYMNTS

During a panel at this year’s Consumer Electronics Show (CES) in Las Vegas, Paul Misener, Amazon’s vice president of global innovation policy and communications, warned that current state laws governing drone operations would continue to pose problems for developing drone delivery systems. In a panel that included the FAA’s Marke “Hoot” Gibson and Matt Hancock, Britain’s digital minister, Misener said that it would be best to have globally consistent commercial drone regulations, though variatio

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The Limited: Out With Stores, In With eCommerce

PYMNTS

The private equity owner of the Limited almost doubled its investment in the retailer, despite the fact that nearly all of the chain’s 250 stores are expected to be shut down after disappointing third quarter financial numbers last month. On Nov. 28, the Limited brand filed a WARN notice with the Ohio Department of Job and Family Services, which included a statement that “a mass layoff” — up to 248 employees — will occur and that its headquarters may be closing in New Albany, Ohio.

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India’s Reserve Banks Wants To Digitize The Rupee On Blockchain

PYMNTS

The Reserve Bank of India (RBI) says it’s time to embrace blockchain and adopt a digital currency for the country, according to a new report. The RBI’s research unit released a whitepaper last week advocating for the adoption of a blockchain-based digital currency after concluding that technology in this area has “matured enough” to be put to use. The RBI’s Institute for Development & Research in Banking Technology also concluded that blockchain and digital currency innovation would be a pro

Banking 45
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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.

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Ricoh, Built On Paper, Cultivates A Digital Presence In B2B Payments

PYMNTS

Like other corporations in its field, Ricoh made a name for itself over the decades helping corporations manage the mounds of paperwork they produce and manage. For Ricoh, that meant developing printers, copiers and, later, scanners to digitize some of those documents. According to Laura McGowan, director of services marketing at Ricoh Canada, the company has had to pivot its outlook on paper as companies digitize processes like invoicing and accounts receivable.

B2B 45
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Alternative, Traditional SME Finance Spheres See Growth

PYMNTS

The past few years have seen some of the largest changes in the history of small business lending, and that evolution hasn’t been stifled by borders. Across the globe this week, new small business lenders emerged, new data on SME lending rates surfaced and new initiatives to provide small business with access to capital launched — in both the traditional and alternative spheres. $50 million in financing from the British Business Bank landed at Funding Circle , on the condition that the funds be

Finance 45
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Riding The US Fraud Escalator In 2017 — Up

PYMNTS

It’s early in 2017, but fraud looms like Nosferatu chancing upon the sleeping maiden. And lest the queasiness factor of chargebacks and outright damage to merchant reputations have executives reaching for the Maalox — or something no less liquidly but a lot harder — a few sobering stats are here to keep us cold-eyed as we journey into the latest Data Drivers, between PYMNTS’ Karen Webster and Jason Tan, CEO and cofounder of Sift Science. $8.6 Billion.