PYMNTS

JUNE 9, 2017

IBM Japan announced Thursday (June 8) the launch of API banking for Mizuho Bank, that provides the bank with the ability to tailor services to its customers. In a press release IBM announced the bank will use IBM Japan’s FinTech API solution, as well as IBM API Connect on the IBM Cloud and IBM DataPower Gateway. “API banking becomes a crucial step that helps drive open innovations by new technologies for customers, business partners, and Mizuho Bank,” said Masahiko Kato, senior technical

Banking 73

Banking Leverage Securities Technology 73

Planful

JUNE 8, 2017

But at this point, the budget is most likely obsolete due to changing business conditions. So most of the work is spent analyzing and explaining variances to budget, and not enough work is spent on making mid-course corrections. To address this issue, many organizations are adopting rolling forecasts as a way to periodically update budget assumptions throughout the year, reallocate resources, and more accurately predict future results.

Forecasting 40

Forecasting Financial Planning and Analysis (FP&A) Budgeting Finance 40

PYMNTS

JUNE 9, 2017

Artificial intelligence (AI)–assisted technologies have been on the rise over the past few years. From virtual personal assistants to video games, smart cars, online customer support, and music or movie recommendations, AI has infiltrated nearly every aspect of consumers’ everyday lives. Yes, we can all thank AI for our Netflix addiction. While AI certainly makes consumers’ lives easier, it’s also working in nearly every industry to help streamline operations.

Analyzing Data 71

Analyzing Data Retail Technology Budgeting 71

PYMNTS

JUNE 5, 2017

Blue Apron on Thursday filed to go public , but that doesn’t mean the meal-kit pioneer has won the start-up game. From 2014 to 2016, the company grew revenue from less than $80 million to almost $800 million. But it also saw its losses grow, from $31 million to $55 million. That’s because new growth has been fueled by new customers, and those customers are easier to acquire in a nascent market.

Investments 68

Investments Numbers Marketing Planning 68

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PYMNTS

JUNE 9, 2017

Blockchain could have an impact on the economy — is Russia leading the way with its current investments? With eCommerce transactions moving at the speed of light, the ability to have transparency between parties is likely crucial to preventing security breaches. When executives in the finance industry think of blockchain technology, its perception has shifted in the past few years in terms of how it could shape financial services — and therefore the economy — as a residual impact.

Financial Systems 68

Financial Systems Healthcare Technology Banking 68

PYMNTS

JUNE 8, 2017

The more connected devices consumers have, the more concerned they are about the security of their financial information. That’s according to the new “How We Will Pay” study PYMNTS recently conducted with Visa, which showed that the average consumer owns four connected devices, with 75 percent owning a device other than a smartphone or laptop – and the more they own, the more they shop.

Securities 60

Securities Manufacturing Retail Banking 60

PYMNTS

JUNE 9, 2017

BlueCart is strengthening its position in restaurants’ back offices with a new acquisition. The company announced Thursday (June 8) that it is acquiring Sous, whose mobile restaurant administration platform will bolster BlueCart’s existing cloud procurement management solution. According to the companies, Sous’ mobile-first approach to the restaurant industry can bolster BlueCart’s restaurant procurement offering.

Leadership 60

Leadership Invoicing eCommerce Technology 60

PYMNTS

JUNE 5, 2017

According to new figures out from EMVCo, there were a total of 6.1 billion EMV cards in circulation worldwide as of the end of 2016. That represents an increase by about 1.3 billion cards over the last 12 months. The new data also indicates that 52.4 percent of all card-present transactions globally were handled with EMV tech — a 35.8 percent increase from the same time two years ago in 2015.

Technology 58

Technology 58

PYMNTS

JUNE 8, 2017

eCommerce has had a significant impact on the retail industry. From the way payments are processed to the demand at the supply chain centers to expedite shipping and logistics, online shopping is certainly making its impact. To help move the ball in eCommerce, shipping and logistics solution company ShipStation has announced its new Solutions Providers Program.

eCommerce 57

eCommerce Retail Sales 57

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Planning

PYMNTS

JUNE 8, 2017

Getting a cab or a meal, sending or receiving money, or shopping for a last-minute birthday gift: All of these everyday tasks are easy to complete from a smartphone. But updating your phone plan, adding some extra gigabytes of data or activating a roaming plan while abroad? Those require an old-fashioned phone call to the carrier. Why is it that phone technology is so advanced, yet making any changes to how, when and where we use that technology is so, well, archaic?

Startups 57

Startups Planning Marketing Technology 57

PYMNTS

JUNE 8, 2017

Airbnb has launched a new platform aimed at enabling regular people to host Syrian refugees, refugees in Europe and other people in need, dubbed Open Homes. According to the company, the Airbnb platform lets anyone sign up to host refugee or other person in need by providing them with part or all of their house. A handful of nonprofits and relief agencies can search the platform to find temporary housing for the people they are helping.

Nonprofit 53

Nonprofit 53

PYMNTS

JUNE 6, 2017

The question, “Where do you want to go for dinner?” just got more complicated. Restaurants are starting to introduce virtual reality and augmented reality dining. Customers at Carluccio’s in Britain can enjoy their pasta immersed in the sights and sounds of Sicily, but the sky is (literally) the limit — why not eat in space? Or under the sea? Globally since 2012, investors have channeled almost $2.5 billion into restaurant technology, especially at QSR establishments.

Forecasting 52

Forecasting Technology Retail 52

PYMNTS

JUNE 7, 2017

Taking the temperature of consumer attitudes to help determine what’s next or how to best approach situations is something that’s often done by companies. One of the hot topics that has seen an uptick in researcher interest over the past few years has been connected technologies and how they’re influencing both consumer perceptions and actions. Serving as a barometer to consumers’ feelings toward connected devices, Visa partnered with PYMNTS to conduct a research study on the topic.

Numbers 51

Numbers Technology 51

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

JUNE 8, 2017

Apple will enable third-party app developers to get access to the NFC chip inside the iPhone 7 and the iPhone 7 Plus via the iOS 11 that is coming soon. According to a report , Apple Pay had been the only service allowed to use Apple’s near-field communications chip that enables contactless payments. Citing the keynote during Apple’s Worldwide Developers Conference this week, the report says Apple hinted that the chip was being extended to more than payments when it showed how the Apple Watch co

Communication 51

Communication Technology 51

PYMNTS

JUNE 6, 2017

Why would anyone chuck a connected device directly into the trash right after purchasing it? Because, from inside a trash can, a data-rich location, connected households can get an assist in monitoring their waste and keeping tabs on what items need replenishment. June’s PYMNTS.com Intelligence of Things (IoT) Tracker highlights the various ways companies large and small are integrating connectivity into their Internet of Things devices and how this connectivity is impacting the way households o

Manufacturing 50

Manufacturing Transportation Retail Numbers 50

PYMNTS

JUNE 7, 2017

Not only are faster payment tools bringing helping to exchange funds at a quicker pace, but these solutions are also transforming the certain aspects of the gig economy and spurring investments in new payment infrastructures. The June Faster Payments Tracker™, powered by NACHA , highlights the latest trends and developments on how banks and FinTechs are investing in faster payment infrastructure and how these payment technologies are altering the way business is conducted.

Investments 49

Investments B2B Banking Accounting 49

PYMNTS

JUNE 9, 2017

In the world of consumer payments in 2017, seeing a paper check out in the wild has become a genuinely rare event. Sure, there’s the occasional rent check or the $100 birthday check from Great Aunt Sue, but for the most part, the debit card put a fork through the heart of the consumer’s appetite for writing paper checks. Not so on the B2B side of payments, where payments between trading partners remain dominated by the 20th-century’s favorite payment method — where, staggeringly, 50 percent of a

B2B 48

B2B Invoicing Accounts Payable Accounting 48

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Reconciliations

PYMNTS

JUNE 8, 2017

Where might investment riches lie in Asia? One billionaire investor, Tim Draper, sees promise in Indonesia. And the lure there may come in bits and bytes — as in bitcoin and blockchain. Bloomberg reported that the country’s lack of banking infrastructure paves the way for new, well, banking infrastructure. A dichotomy is at work here, with tech-savvy entrepreneurs and citizenship navigating platforms and apps and smartphones.

Currencies 49

Currencies Investments Startups Banking 49

PYMNTS

JUNE 7, 2017

Moving at the speed of light was once reserved for the comic book hero Flash, but with nearly every industry going digital, technology may be giving him a run for his money. To help diversify its economy outside of oil and gas, Russian president Vladimir Putin is looking into investing in Ethereum , bitcoin’s main cryptocurrency competition. While Russia’s central bank has already put an Ethereum-based blockchain pilot project in motion for its online payments, there have been talks of a nationa

Currencies 48

Currencies Economics Investments Banking 48

PYMNTS

JUNE 5, 2017

SmartServe has designed a unique iOS and Android smartwatch to help restaurants improve their overall service. According to Geeky Gadgets , the multi-task waiter app was launched via Kickstarter with the goal of raising £25,000 over the next 30 days. It is the first Android/iOS smartwatch with walkie-talkie function integrated and more and has been shortlisted for the Restaurant Tech Innovation Award 2017.

Accounting 48

Accounting 48

PYMNTS

JUNE 6, 2017

Dads are getting some extra love this Father’s Day, according to a study by the National Retail Federation (NRF). Total spending for the holiday is expected to hit $15.5 billion. That’s up from $14.3 billion last year and sets a new record since the study was first conducted 15 years ago. “It’s encouraging to see that consumers are spending on special occasions such as Father’s Day,” said NRF President and CEO Matthew Shay.

Retail 48

Retail Planning Sales Accounting 48

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Accounting

PYMNTS

JUNE 5, 2017

Though luxury has always in some sense been in the eye of the beholder – one person’s definition of rich opulence can easily be another’s definition of overdone tackiness – in 2017, the boundaries of luxury have become especially hard to draw, according to Virtuoso CEO Matthew Upchurch. “It’s become nearly impossible to profile the luxury client today, particularly in travel, because consumers are searching for such a wide breadth and depth of experiences under than heading. ”.

Planning 47

Planning Retail Securities Investments 47

PYMNTS

JUNE 6, 2017

How fast is fast enough? And how fast will people get used to fast — as in faster payments? Turns out quick is not just for Amazon deliveries, or upload speeds. NACHA, with its Same Day ACH offering, is leading the charge for faster payments in the U.S., and our latest Data Drivers , featuring PYMNTS’ Karen Webster and NACHA CEO Jan Estep, explored the possibilities.

Education 47

Education B2B Numbers Banking 47

PYMNTS

JUNE 5, 2017

Amid the embrace of artificial intelligence across financial services, one big bank is adopting AI to streamline compliance efforts. Reuters reported that HSBC Holdings has linked up with AI startup Ayasdi, which makes its home base in Silicon Valley. The partnership will be focused on helping automate a number of business processes with an eye on efficiency.

Compliance 46

Compliance Startups Banking Numbers 46

PYMNTS

JUNE 8, 2017

Airbnb has been taking its toll on the hotel and hospitality industries over the past few years. From tiny NYC studio apartments to luxurious Los Angeles mansions, Airbnb has brought a level of personalization to the hotel industry that may not necessarily be able to be matched by its formalized counterparts. One organization that’s making its thoughts known on the topic of Airbnb invading its space is high-end luxury hotel Four Seasons.

Marketing 46

Marketing Retail 46

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