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Visa announced today that it will acquire eCommerce payment authentication leader CardinalCommerce. The move is expected to enable Visa’s global clients and partners to accelerate, scale and secure digital commerce as payments expands to include billions upon billions of connected endpoints. Mark Nelsen, senior vice president of risk and authentication products at Visa, said that the “strategic acquisition combines Visa’s industry expertise and Cardinal’s critical role in payment authentication
To the average consumer, payments looks pretty simple and straightforward — especially when paying online. Enter a card number, hit buy and a millisecond later, the countdown to getting the goods begins. For those that use a mobile wallet, it’s even simpler. And while building all that simplicity for consumers is a good thing, actually making it simple — and secure — is basically what makes the digital commerce world go round.
So much changes. So much stays the same. That’s the key takeaway from the sixth year of TSYS’ U.S. Consumer Payments Study. While this year’s findings highlight the strides the industry and consumers have made towards digital payments, they also underscore how existing behaviors and patterns remain very much intact. There were five findings that Sarah Hartman , senior director of consumer issuing at TSYS , recently shared with Karen Webster regarding what TSYS found this time around and what the
For years, financial institutions have relied heavily on face-to-face interactions at the bank branch in order to determine the financial needs of their customers. The couple that just got married may soon be looking into a mortgage. The family with a baby on the way may want to start a new savings plan. But today, banks are struggling to make these complex decisions because, in many branches, customers are nowhere in sight.
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
Picture this: Amid preparing for a Thanksgiving family dinner, the flowers you had ordered from a business arrive — only, they’re not exactly what you ordered. They may be different sizes, arranged differently, include different flowers, despite placing an order for all of the arrangements to look the same. It’s a scenario SciQuest CEO Rob Bonavito’s family found itself in last week and is an all-too-common situation for holiday shoppers when consumer demand spikes.
There seems to be no shortage of ways the millennial workforce is disrupting the status quo. The same goes for corporate travel, with millennial professionals turning to mobile and virtual services to book travel, manage expenses and ensure a smooth business trip. New research from Australia and New Zealand found that this trend is particularly acute.
There seems to be no shortage of ways the millennial workforce is disrupting the status quo. The same goes for corporate travel, with millennial professionals turning to mobile and virtual services to book travel, manage expenses and ensure a smooth business trip. New research from Australia and New Zealand found that this trend is particularly acute.
Only two days in, and December has already been good to bitcoin. This week saw bitcoin’s price jump over its previous 2016 high to reach a high of $778.14 today (Dec. 2) — well over November’s average price of about $725. Current numbers put the price at $769.79 at the time of writing. These things can change by the minute, as all cryptocurrency users well know, but the end of November and the first few days of December appear to have been good to bitcoin holders.
Whether it’s been the leaked emails of a major political candidate, massive security breaches from major companies like Yahoo and Dropbox or even the hacking of a U.S. bank regulator, information security has been a recurring headline in 2016. But what if a new technology could help safeguard and protect sensitive information, from emails and login credentials to bank accounts and other financial information?
It’s an inescapable trend for banks: Corporate clients want to be able to have the same convenient ways of banking that they already have access to in their consumer lives. It’s placed pressure on FIs to roll out mobile-friendly banking platforms for the CFOs and corporate treasurers that use their services, and while offering these solutions is itself a challenge, it’s also given rise to additional hurdles.
San Francisco Bay Area-based Omnivore is working to change the way restaurants integrate technologies into their POS systems. Mike Wior, cofounder and CEO of Omnivore, said the idea for Omnivore’s cloud-based development platform came about when he was working on the MenuPad, an order-at-the-table solution launched by Chris Sullivan, cofounder of Outback Steakhouse.
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.
No less a tech behemoth than Apple is looking to use drones in its own operations, in a move that Bloomberg said seeks to boost the firm’s Maps service. This would be a shot across the location-mapping bow of Google, the newswire said earlier this week. Apple is in the midst of bringing together robotics and data collection professionals with an eye on speed in mapping out information, typically gathered “on the road,” literally, through vehicles.
Disruptive, innovative technology can change markets in ways that could never have been predicted. The rise in Big Data, for instance, has encouraged the exploration of new ways to make use of digital payments data. For corporate payments, that could mean more accurate cash flow forecasting, fraud identification or more efficient reconciliation. But U.K. travel technology company Voyage Manager , which offers traveler tracking capabilities for employers with traveling staff, has identified anoth
Accounts payable automation company Transcepta has added a new way to support B2B transactions. The company announced Thursday (Dec. 1) that it is introducing a dynamic discounting feature into its cloud-based AP automation and procure-to-pay platforms. Transcepta Dynamic Discounting enables corporate buyers to select which suppliers they are seeking early payment discounts from, while suppliers can opt in to the service.
The Problem With PayDay Lending . There is neither a shortage of controversial topics in financial services or financial technology nor a shortage of subjects that tend to polarize people. But short-term lending — in all its many forms, including payday loans, auto-title loans and some installment loans — is especially good at arousing passion in those who debate it.
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.
Adobe Digital Insights has released its latest holiday shopping data. As predicted, this year’s Cyber Monday was one for the record books. Online shopping sales starting at midnight sent customers into a purchasing frenzy, dropping over $3.45 billion online on Cyber Monday — a reported 12 percent increase over the same day last year. This is a new record for the largest day in U.S. eCommerce.
To attend this live digital discussion on Thursday, December 8, 2016 at 1:00 PM (EST), please complete the registration form shown below: [contact-form-7]. Overview: According to the Center for Financial Services Innovation, more than half of American adults struggle financially on a recurring or occasional basis. To cope, consumers are using alternative sources to meet their financial needs – instead of turning to their banks.
The holiday shopping season has finally kicked into high gear — in online stores and brick-and-mortar alike. Recent data from Google show that, though customer foot traffic may be on a downward trend the rest of the year, Black Friday brings them back into stores — especially if the store sells electronics, clothing or toys. Compared to an average weekend day in November, foot traffic into physical stores rose 65 percent on Black Friday.
[link]. Eye think we’ll have a few puns — when it comes to biometrics, wordplay can be visionary, and payments innovation is within sight. Ba dum tss. But perhaps the time has come to take another glance at eye-based biometrics — fittingly, the focus of the latest installment of Data Drivers with the CEO and founder of EyeVerify, Toby Rush. In this week’s episode, Karen Webster and Rush dug into three data points which tell the story of how the eyes have it when it comes to authenticating a cons
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.
Acquiring new clients is hard, but keeping them can be even more challenging. Just ask health and wellness businesses. These companies often have a difficult time both winning over new clients and then retaining them. With more than 50 percent client turnover each year, paired with a rash of missed appointments that can cost companies as much as $1,000 per appointment, businesses are eager for a solution that can help bring in loyal, long-term customers, while also offering scheduling, data, mar
Boston-based company Cybric is a relative newcomer on the cybersecurity scene, but it’s re-envisioning how developers test the security of their applications. “If you look at the cybersecurity landscape, there are over 1,220 solutions and tools,” said Mike Kail, Chief Innovation Officer at Cybric. “There have been incremental approaches to application security and security in general, but there hasn’t been enough focus.
The U.K. was one of the first markets to truly push for faster payments with the launch of the Faster Payments Service , an initiative spearheaded by several government agencies and top banks. Several years later, the initiative has made big strides as other markets around the globe look to the U.K. to launch their own faster payments efforts. But there is still a long ways to go, and in the several years since the Faster Payments initiative first began, it’s also morphed to evolve along w
Consumers aren’t the only ones enjoying the discounts and deals brought on by the holiday season. Even hackers are cashing in and stocking up. James Chappell, CTO and co-founder of Digital Shadows , joined PYMNTS for this week’s Hacker Tracker to discuss how cybercriminals are enjoying their own version of the holiday shopping season across online marketplaces on the dark web.
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.
So, what’s key to seeing big gains in mobile payments? Thinking small. A recent survey found consumers in China are more likely to use a smartphone to make an online purchase compared to consumers in the U.S. and the U.K. To understand why consumers in China are adapting to mobile payments solutions at a faster rate than their counterparts in North America and Europe, PYMNTS spoke with Sy Choudhury, senior director of product management for Qualcomm.
We’re covering two weeks’ worth of B2B venture capital funding, and across the board, India has come out on top. The nation saw four startups take home investment out of a total of seven investment rounds. But the largest venture capital funding round went to an accounts payable automation firm in the U.S. with an $18 million investment.
Close to 50 percent of cross-border digital buyers age 18 and over have made purchases of clothing, apparel, footwear and accessories from cross-border eCommerce sites during 2016. Citing data from PayPal and Ipsos, eMarketer said in a report that nearly one-third of digital buyers age 18 and over said they made purchases of electronics, computers, tablets, mobile phones and peripherals from websites outside of their country.
Fixed versus dynamic is the push-me-pull-you of payments. The move to digital is forcing the payments and financial services ecosystem to adopt a more dynamic way of thinking and delivering services. Fixed infrastructure can sometimes make that a challenge. Take credit scores. Over the years, credit scores have increasingly been used to inform and influence decisions for lenders and consumers.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
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