Sat.Dec 30, 2017 - Fri.Jan 05, 2018

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Amazon Launches Cooking Smart Home Skill API

PYMNTS

Amazon has expanded into cooking with its latest round of new skills , with the announcement on Thursday (Jan. 4) of the launch of the Smart Home Skill API. In a blog post , Amazon developer Mike Maas said that developers can now build skills to enable U.S. customers to control microwaves via Alexa, its voice-activated digital assistant. Support for other types of cooking devices, such as convection ovens, will be launched soon, the executive said.

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The Perils of Using Spreadsheets for Budgeting, Planning and Forecasting

Planful

A Common Problem. The 2017 survey by CFO Research, in collaboration with Planful, asked 154 finance executives about their systems. More than half of the respondents–55%–said their companies use spreadsheets shared via email as their primary BPF system. But only 6% of the surveyed executives whose companies use the spreadsheets for BPF said they are “very satisfied” with that choice.

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Trending Sources

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OPINION: Is college worth it? Students can learn to calculate the payoff

PYMNTS

Michael Lawrence Collins. Going to college pays off, on average. But to maximize the chance that a college education offers a satisfactory return, students need to think like investors. They need to carefully consider which degrees pay off and why, and they need to make informed decisions about the type of degree and major they select. Investors in financial markets consider many complex variables to mitigate risks and maximize returns.

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Top UK and US firms still overestimating GDPR readiness

PYMNTS

Less than five months before the compliance deadline for the EU’s General Data Protection Regulation (GDPR), most top UK and US firms are still overestimating their state of readiness, a study suggests

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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The Argument for Risk-Based Security

PYMNTS

A scanner can identify a vulnerability, but only a deep understanding of cyber exposure will tell you about the seriousness of that risk. Here's how and why.

More Trending

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Rite Aid Acquisition No Magic Pill For Walgreens’ Sales

PYMNTS

In response to weak sales at Walgreens Boots Alliance Inc. , following the retailer’s decision to add nearly 2,000 Rite Aid locations to its store base, a Morningstar analyst is questioning how long it will take for the acquisition to boost the company’s bottom line, Reuters reports. “From our perspective, it may take at least a handful of years before Walgreens is able to fully benefit from the acquisition,” Vishnu Lekraj wrote in a note.

Sales 52
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Modifying baby formula doesn't prevent type 1 diabetes in children

PYMNTS

The long-awaited results from the first large international trial to try to prevent type 1 diabetes shows that modified baby formula in which cow's milk proteins have been split does not prevent type 1 diabetes in children with genetic risk factors for the condition.

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Happy New Year! Thank you PLN for An Awesome 2017!

PYMNTS

I began the Teacher Reboot Camp blog in 2009. It amazes me so many of you are still here as I continue to grow as an educator and learner. When I first started blogging, I didn’t realize I would have 8 years of ideas, resources, and knowledge to share. However, I find the more I exchange thoughts and ideas with all of you, the more I want to explore and discover.

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Western Union Slapped With $60M Fine Over AML Lapses

PYMNTS

Western Union has agreed to pay a $60 million fine as part of a consent order with the New York State Department of Financial Services. According to a press release , Financial Services Superintendent Maria T. Vullo announced on Thursday (Jan. 4) the fine for violations of the New York Bank Secrecy Act and anti-money laundering laws. An inquiry by the Department of Financial Services found that for longer than 10 years, Western Union failed to create and maintain an anti-money laundering complia

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Planning Your Restaurant's 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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Why a clear business purpose is vital to employee engagement

PYMNTS

Every organization starts with a purpose. Making money is not that purpose. Rather, an organization’s reason for being is to positively impact customers, a community, or the world in some way. This purpose is fueled by the organization’s ability to execute on the right things and make money doing them. Unfortunately, organizational purpose is often forgotten as a business grows.

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Sears Announces Closures, JCP Says It’s ‘Going After’ Sears’ Appliances Business

PYMNTS

It’s been a doubly rough week for Sears. The struggling chain announced even more brick-and-mortar store closures are coming — this time to 103 Kmart and Sears locations. Once the largest retailer in the U.S., Sears has cut its number of stores in half over the last several years. The last 12 months have been particularly brutal: Mounting debt and 24 straight quarters of losses have troubled efforts to stay afloat.

Retail 46
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Speeding Up The Slow Pour At Coffee QSRs

PYMNTS

Coffee shops are quick service restaurants (QSRs) — even when the service isn’t that quick. So if there’s a way to make it quicker, good business sense says it’s worth doing, right? Try telling that to a coffee hipster. Slow food, rather than fast food, is the artisanal way, and coffee diehards believe a fresh-ground pour-over is the freshest (and therefore the only) way to go.

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Bitcoin Miners Look Beyond China

PYMNTS

Facing pressure from the Chinese government, bitcoin mining collectives are shifting their operations overseas, Bloomberg reports. Bitmain , which runs China’s two largest bitcoin-mining collectives, is setting up a regional headquarters in Singapore and has expanded its operations to the U.S. and Canada. Another mining pool, BTC.TOP , has also chosen to open a facility in Canada.

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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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Motivating Mobile In 2018

PYMNTS

Another year, another chance for mobile wallet players to convince consumers to give up their plastic cards and utilize the phone as a payments form factor. It hasn’t been easy. Despite there being some variety of “Pay” for every day of the week, none have garnered even a 10 percent usage rate among consumers. The most-used mobile wallet in the U.S. as of 2017, according to PYMNTS/InfoScout data is Walmart Pay, with a usage rate just a shade below 6 percent (5.95 percent to be exact).

Retail 43
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Blockchain Challenger Bank BABB Names Industry Veteran As CIO

PYMNTS

Blockchain-based challenger bank BABB — which stands for Bank Account-Based Blockchain — has hired a new CIO. The company said Thursday (Jan. 4) that bank technology veteran Paul Johnson will take up the position. Johnson previously served as chief of another U.K. challenger bank Aldermore, at which he oversaw its IPO in 2015. BABB is planing its own initial coin offering (ICO) later this month.

Banking 43
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Credit Karma To Advance Tax Refunds For Free

PYMNTS

Credit Karma Tax announced on Thursday (Jan. 4) the launch of Earlybird Advance, an online refund advance service. In a press release , the company said the service will enable U.S. citizens who file their tax returns through Credit Karma Tax to get a $500 to $1,000 advance on their tax refund with no fees or interest. The clients can get access to the funds as quickly as 24 hours after the IRS accepts the tax return. “Because filing taxes with Credit Karma Tax is completely free, not only

Finance 41
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Maryland Community Bank Wades Into Cannabis Market

PYMNTS

Providing financial services to legal marijuana businesses in the U.S. has proven a challenging, complicated venture for the nation’s banks. As more financial institutions (FIs) warm up to the idea, one bank in Maryland is taking significant steps to address cannabis companies’ FinServ challenges. Reports in The Washington Post this week profiled Severn Savings Bank, a community bank in the state that is said to be providing services to legal marijuana businesses.

Banking 41
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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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More Closures In Store For Macy’s

PYMNTS

Macy’s will shutter approximately 30 stores as the retailer continues to sell its real estate and invest in eCommerce, CNBC reports. As the company moves to invest in internet operations to win over online shoppers, it’s exploring more opportunities to cash in on its real estate holdings. “Macy’s, Inc. has been reviewing its real estate portfolio across the country to see if there are opportunities to improve the use of our assets,” Macy’s told the newswire.

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Startup Spotlight: Getting To The Point Of The Retail Shift

PYMNTS

The retail apocalypse is fake news if you ask Mark Cummins, co-founder of Irish startup Pointy. Brick-and-mortar retail is changing, no doubt, but Cummins noted that it still makes up around 91 percent of all retail spend, while eCommerce claims just 9 percent of consumer dollars. Against that landscape, it isn’t enough for retailers to post their addresses and hours of operation online; Cummins said they need inventory discoverability to drive physical sales, or customers who don’t know where t

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Capital One Glitch Leads To Multiple Account Charges

PYMNTS

No one likes being charged more than once for a transaction — one of the vagaries of living in a technology-fueled world — especially when it comes to commerce and banking. The Washington Post reported that a number of Capital One customers, as of Wednesday (January 3), found multiple charges (the same one, that is) levied on their accounts. The newspaper reported that it was not yet known how those errors occurred or just how many customers were impacted.

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Former Walmart CEO Says Store Closures Signal Good eCommerce News

PYMNTS

While many in the segment have bemoaned store closures as a sign of weakness in the retail sector, one expert is taking a slightly more optimistic view of what’s next — at least in regards to one retailer in particular. Former Walmart CEO Carter Cast believes store closures are a sign of strength for Walmart, not weakness. “I think there are store closures ahead of Walmart that are going to be good for the company and good for shareholders,” Cast said on CNBC ’s “Power Lunch.”.

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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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Amazon Makes Alexa More Developer-Friendly

PYMNTS

Amazon has rolled out a new Alexa developer kit for on-the-go devices, making it easier for manufacturers to integrate the wildly popular voice assistant into their products, the company announced in a blog post. With the release of the kit, makers of mobile devices will be able to integrate the Alexa technology into their products while investing less in hardware and integration efforts.

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December Jobs Report Falls Short Of Projections

PYMNTS

The U.S. labor market slowed a bit more than economists expected in December, with a noted slip in retail employment. Reuters reported that payrolls were up by 148,000 positions, a significant slowdown from the 252,000 gain seen in the previous month. That missed estimates of 190,000 additions. The unemployment rate, at a current low, has plateaued at 4.1 percent.

Retail 40
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Warehouse Land Price Soars On Increased Shipping Demand

PYMNTS

Buying land on which to build a warehouse is becoming an increasingly pricey proposition. As two-day shipping becomes heavily favored among consumers, eCommerce firms are under mounting pressure to locate their warehouses and distribution centers as close to their customer bases as possible. According to Wednesday (Jan. 3) reports from technology news source Recode, that means these firms need large tracts of industrially zoned land near major cities — something that is not exactly easy to come

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The Frightful Five: Amazon Slays, Apple Prays

PYMNTS

December was a good month for Amazon. Really, 2017 was a good year for the eCommerce giant, and we’ve got the numbers to prove it. Apple took more of a roller coaster ride – months later, analysts still aren’t sure how the iPhone X will perform, and whatever happened to that HomePod? Plus: Facebook to sink more funds into video, Google tries to dig in its heels in the smart speaker race, and Microsoft scrambles to patch a vulnerability (but the fix has its own drawbacks).

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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.