PYMNTS

MAY 2, 2016

Though it’s an officially discouraged practice among drivers, Uber has been burning rubber with ambitious partnerships and service expansions over the past few months. What happens when Uber runs out of road to innovate on, though? It goes aquatic. Uber confirmed to CNN on Friday (April 29) that it would embark on a new venture in Dubai over the weekend where a chartered yacht will ferry a lucky dozen riders through the Middle Eastern city’s waterways.

Technology 54

Technology 54

PYMNTS

MAY 2, 2016

Walmart is open — not just for business but to new technology ideas. After several years spent trying to infuse its multi-billion dollar business with more forward-thinking concepts with mixed results , last week, the retail giant announced that it will be conducting what amounts to an open call for tech innovation. It is looking to startups to potentially lead growth with big ideas and new technology solutions from small, agile companies.

Startups 52

Startups Retail eCommerce Technology 52

PYMNTS

MAY 5, 2016

Online fraud problem? What fraud problem? Judging from the latest Benchmark Report from CyberSource, online merchants are not only doing a great job of managing fraud, they are doing it across all online channels — and across all types of businesses. Doug Schwegman, Director of Market Intelligence at CyberSource, told MPD CEO Karen Webster that “what’s interesting is that trends are positive,” though Schwegman acknowledged that the study of 307 businesses was done last fall bef

Budgeting 51

Budgeting Benchmarking Technology Leverage 51

PYMNTS

MAY 2, 2016

After a few years of speculation — and a couple of fairly notable wrong guesses — the real creator of bitcoin has been identified — mostly because he identified himself. Australian entrepreneur Craig Wright has stepped forward and admitted to being the real “Satoshi Nakamoto.” Apart from the claim, Wright has also submitted proof in the form of coins known to be owned by bitcoin’s creator.

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PYMNTS

MAY 3, 2016

Over the weekend, CBS brought FinTech to prime time during a segment of its “60 Minutes” broadcast on Sunday (May 1). The program offered an exciting and broad overview of how startups in the space are using technology to innovate the delivery of payments and financial services. Lesley Stahl, who hosted the segment, used Stripe as an example of how FinTech is transforming payments and, in particular, how they simplify the process new merchants face when attempting to accept payments online.

Startups 47

Startups Banking Currencies Securities 47

PYMNTS

MAY 3, 2016

“Too many people start to have an imagination about ‘nirvana’ or the ‘perfect transaction’ – but that’s a science experiment.” It’s true, the idea of perfection in payments may be a bit far-fetched, but if there’s no actual “nirvana” then what is everyone striving for? In a Fireside chat with MPD CEO Karen Webster at this year’s PYMNTS Innovation Project , Paul Galant, Verifone CEO , said it’s really about the day-to-day efforts of delivering efficiency,

Manufacturing 45

Manufacturing Prioritization Advertising Economics 45

PYMNTS

MAY 5, 2016

This time last year, U.S. companies were going bankrupt at a rate nobody had seen in half a decade. More than 26,000 companies bit the bullet in Q1 2015, giving pundits reasonable cause to worry about the future solvency of the organizations that remained. Over the next several quarters, the overall pace of bankruptcies mercifully slowed. In fact, in Q1 2016, Chapter 11 filings from commercial companies actually fell 5 percent across the board.

Retail 44

Retail Restructuring Planning Sales 44

PYMNTS

MAY 5, 2016

If only commercial (B2B) payments could be as frictionless as retail payments, when consumers pay merchants. That’s an ambition shared by many an entrepreneur who sets out to innovate the massively huge opportunity that awaits in the B2B space. It’s what also drove Mike Galarza to found Entryless. “Three quarters of all B2B transactions still happen through paper or PDF,” notes Galarza, and require the need for both an accounts receivable and an accounts payable department.

B2C 43

B2C B2B Accounts Payable Invoicing 43

PYMNTS

MAY 6, 2016

There are a million and one fitness apps on the market today, and each of them does pretty much the same thing – monitor distances, record heart rates, recommend workouts, etc. Few, however, bribe users to get fit with real rewards from the retailers they love. Count Sweatcoin among the few. Reuters reported that Sweatcoin, a free app launched in the U.K.’s App Store, seeks to change the way people attempt to live healthy lifestyles by dangling in front of them carrots comprised of r

Startups 43

Startups Retail Planning Marketing 43

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Planning

PYMNTS

MAY 2, 2016

The credit unions that were burned as a result of the data breach that hit America’s third-largest burger chain earlier this year are now suing the fast food eatery. Last week, Reuters reported that First Choice Credit Union of Pennsylvania plans to represent financial institutions in a lawsuit against Wendy’s, claiming that the company’s insufficient security measures allowed the actions of hackers to compromise its customers’ financial card data and go unnoticed for weeks.

Banking 43

Banking Securities Accounting Planning 43

PYMNTS

MAY 4, 2016

We know that eCommerce is taking away from brick-and-mortar sales; a new study has revealed the details on just how big a bite that’s becoming. Yesterday (May 3), the strategic retail advisory firm HRC Advisory released the findings from a study showing that operating earnings from sales have declined by up to 25 percent as a result of a shift from in-store to online.

eCommerce 43

eCommerce Profit and Loss Retail Sales 43

PYMNTS

MAY 3, 2016

When details emerged last month of SWIFT’s software compromise , it signaled, to some, the likely start of a spree of hacking attempts. Bangladeshi hackers reportedly infiltrated SWIFT’s Alliance Access software, creating false payment instructions to initiate a transfer of millions of dollars that remain unaccounted for. It’s bad news for SWIFT but could be worse news for banks.

Banking 43

Banking B2B Securities CFO 43

PYMNTS

MAY 2, 2016

The commercial sector, dominated by paper checks and a rather archaic way of doing business, is migrating slowly away from paper-based payments and toward electronic transactions. One of the prime movers has been the emergence of ePayables, which helps smooth out part of the B2B payments cash flow cycle and can utilize either card-based or ACH transactions.

Accounts Payable 43

Accounts Payable Education B2B Numbers 43

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

MAY 5, 2016

More than ever, consumers expect payments and checkout processes to be fast and simple. For many merchants that means embracing mPOS and, in turn, finding benefits from the flexibility and speed provided by the payment-acceptance methods. As more businesses turn to mPOS, several players in the space unveiled new devices and solutions in the past month that aim to make payments as quick and simple as possible. .

Invoicing 42

Invoicing Economics Technology Sales 42

PYMNTS

MAY 3, 2016

Grocery delivery and the Web have a long and checkered history. Today, the move to keep Americans out of the aisles unless absolutely necessary is headlined by some very name-checkable players. Some of those players are doing a bit of dabbling in grocery delivery as a sideline business — Amazon and Uber most notably. Others — most recognizably Instacart — are in it for the thrills and chills of grocery alone.

Startups 42

Startups Numbers Technology Leverage 42

PYMNTS

MAY 3, 2016

Digital biometric technology and authentication provider mSIGNIA announced on Monday (May 2) that it was issued U.S. Patent 9,294,448 covering digital biometric technology by the United States Patent and Trademark Office. The patent serves as an extension of mSIGNIA’s previous patent covering cryptographic security functions based on anticipated changes in dynamic minutiae.

Securities 42

Securities Accounting Technology 42

PYMNTS

MAY 5, 2016

Taking away a euro denomination favored by less-than-lawful elements of society, the European Central Bank said on Wednesday (May 4) that it was no longer going to print the €500 bank note. The New York Times reported that the €500 note was big enough and moved freely enough across locales to be a favorite of terrorists and money launders in order to help disguise activity.

Transportation 42

Transportation Banking Securities 42

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Reconciliations

PYMNTS

MAY 5, 2016

Facebook made a $10,000 payment to a 10-year-old Instagram hacker. The boy found a glitch in the picture-sharing social platform’s code and was rewarded significantly by Facebook for the discovery. The child now holds the record for the youngest recipient of Facebook ’s bug bounty program, Reuters reported on Wednesday (May 4). “I wanted to see if Instagram’s comment field could stand malicious code.

Securities 42

Securities Numbers 42

PYMNTS

MAY 4, 2016

Payroll giant ADP has suffered a security breach in which hackers have stolen tax and salary information, according to a report from Krebs on Security. The hackers reportedly registered accounts using employees’ names at its customer firms, which ADP claims occurred after those companies inadvertently released sensitive data on ADP accounts. This made it easier for fraudsters to gain access to the information, according to the report.

Securities 42

Securities Accounting Banking 42

PYMNTS

MAY 4, 2016

Big cuts are coming to Prosper Marketplace. According to Wall Street Journal reports, the online lender is shedding 28 percent of its staff and rearranging its executive team. The moves comes as the firm is working to account for declining loan volumes. The biggest individual cut will be a Utah office dedicated to lending for medical procedures, but 14 percent of Prosper’s San Francisco- and Phoenix-based workforce is also on its way out the door.

Profit and Loss 42

Profit and Loss Math Healthcare Retail 42

PYMNTS

MAY 6, 2016

In the world of retail payment technology, the line between who did something first and who did it second can get a little blurry. 9to5Mac is among a number of outlets to have reported this week that Kohl’s is the first retailer to integrate Apple Pay with rewards points … but it also said essentially the same thing about Walgreens back in November.

Retail 42

Retail Accounting Numbers Planning 42

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Accounting

PYMNTS

MAY 6, 2016

Usernames and passwords are being traded by the millions around Russia’s criminal underworld — evidence of one of the largest breaches in history. According to reports , 272.3 million stolen accounts have been identified — the majority of which belong to users of Mail.ru, Russia’s most popular email service. The remaining accounts came from the expected international sources — Google, Microsoft and Yahoo — noted Alex Holden, founder and chief information security officer of Hold Security.

Accounting 42

Accounting Securities Numbers Planning 42

PYMNTS

MAY 3, 2016

What happens when you get a group of Wall Streeters and 100 financial institution executives in one room to talk about FinTech beyond the power of the blockchain? You get talk about a “ digital dollar ” and the future of how the U.S. dollar could be turned into a digital asset that could be used to expedite how financial trades are conducted.

Problem Solving 42

Problem Solving Startups Financial Systems Marketing 42

PYMNTS

MAY 5, 2016

When The Clearing House (TCH), the payments firm owned by commercial banks, along with global software and services provider FIS, recently submitted their proposal to the Fed’s Faster Payments Task Force in order to evaluate their real-time payments system proposal, it signified a milestone along the path toward real-time payments. The implications of the joint proposal, as it turns out, go beyond the solution itself.

Banking 41

Banking Economics Securities Leverage 41

PYMNTS

MAY 3, 2016

Sports Authority is throwing in the towel, announcing it will be auctioning off assets and making the closure of all 463 of its remaining stores a near inevitability. It has been a long, downward spiral for sports and clothing retailer Sports Authority, but it seems that it must finally admit defeat. As recounted in a recent article by Fortune , the company announced in March that it would be filing for Chapter 11 bankruptcy in federal court and shuttering roughly 140 stores.

Retail 41

Retail Sales Planning 41

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