Sat.Sep 03, 2016 - Fri.Sep 09, 2016

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PayPal And MasterCard Announce New Strategic Partnership

PYMNTS

The Wall Street Journal is reporting that Mastercard and PayPal have inked a strategic partnership similar to the one that PayPal and Visa inked earlier this year. As part of this partnership, Mastercard will be presented as a visible payment option to PayPal customers, with prominent issuer branding, implying that PayPal will no longer encourage Mastercard customers to link their bank accounts to PayPal via ACH.

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There Are Fewer Unbanked Americans, According To The FDIC

PYMNTS

With increasingly few exceptions, the ranks of the unbanked seem to be on the decline, according to new data released by the FDIC. The percentage of Americans going without banking services fell to 7 percent in 2015 from 7.7 percent in 2013. According to FDIC data, unbanked American consumers peaked toward the end of the Great Recession in 2011 at 8.2 percent.

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The Uber For Aerial Shots

PYMNTS

Looking for that ultra-sexy flyover video of your business? Shootly is the mobile app to shoot for. Dubbed the “Uber of photography and droneography,” Cofounder and CEO Garrett Henricksen says he already has more than 25 photographers and a dozen drone pilots ready to meet your photography needs. Whether you’re a real estate agent looking for the flyover money shot, an event planner looking to show off the glitz from tonight’s red carpet production or just a regular joe looking for s

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New App Makes It Easier For People In Vancouver To Pay For Meals

PYMNTS

Residents in Vancouver are getting a little more convenience in their lives thanks to a new app that lets them pay for their meals. According to a report , the co-creator of PayByPhone, a parking app that lets you use your mobile phone to pay for parking, has launched Glance Pay , a mobile app for people who eat out. The app enables diners to pay for dinner at 46 restaurants in Vancouver.

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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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Could September 23 Be A Hacker Holiday?

PYMNTS

With the Same Day ACH rollout just weeks away, financial institutions are working to make sure that Faster Payments in the United States are not plagued by the same problems they were across the pond. When the U.K. rolled out Faster Payments a few years ago, fraud spiked, as fraudsters acted quickly to take advantage of the reduced timeframe. Often, hackers and bad actors would try to sneak fraudulent transactions past banks when they are at their busiest, particularly when a financial instituti

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Everybody Runs On Dunkin’, Dunkin’ Now Runs On Bitcoin

PYMNTS

Bitcoin is going a bit more mainstream and may be part of your daily morning jolt. As NewsBTC reported, eGifter , the online gift card platform, is supporting Dunkin’ Donuts cards, and as part of that support, customers can pay with bitcoin. Thus, distributed ledger technology is making inroads across payments technology and crullers, too. The bitcoin payments option is offered across the spectrum of eGifter’s prepaid card pantheon, encompassing more than 200 brands.

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Samsung’s Smart Belt — Called Welt

PYMNTS

In its ongoing efforts to expand the bounds of what can — or should — be a wearable, Samsung’s latest possible edition is currently being vetted by the sober minds at Kickstarter. Called the Welt, the smart belt made its first public appearance at the Consumer Electronics show in January — it’s now on Kickstarter with an estimated date of delivery in January of 2017.

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Bitcoin Blushing With Secret Admirers

PYMNTS

Who knew that Tyler and Cameron Winklevoss, known for their early involvement in Facebook, were in love with bitcoin? And do you care? You might, when you find out that they were the first to file for a bitcoin Exchange-Traded Fund (ETF) with the Securities and Exchange Commission (SEC). Some think that bitcoin ETFs will provide the ignition that bitcoin has been looking for.

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Why Silicon Valley Has Its Eye On Nigeria

PYMNTS

Facebook Founder Mark Zuckerberg visited sub-Saharan Africa for the first time in August, shining a huge spotlight on the growing tech center within Nigeria. Not only did Zuckerberg’s visit bring a boost to Nigerian startups, but it solidified that the tech scene in Lagos may be one to watch out for. In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we take our first trip to Africa and check out the bursting tech ecosystem growing in Nigeria.

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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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UK Rail Operators Solving Problems, But Can They Make The Trains Run On Time?

PYMNTS

The U.K.’s current transit troubles and strife reflect the ripple effects of not taking action where it is sorely required — when a system is so badly broken that even incremental improvements seem pointless. While U.K rail is about to introduce a mobile app-based payment system, customers are so disgusted with the rail system that they are buying cars to avoid rail travel completely.

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SoFi Aims At A $500M Funding Round

PYMNTS

Online lender Social Finance Inc has clearly decided to embrace the “go big or go home” mantra with its latest push for funding in the face of generally waning enthusiasm about the whole tech-backed lending concept. SoF is is hoping to buck a recent trend by raising a whopping $500 million in equity to fund new growth initiatives among mass-market borrowers and international markets.

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Payworks: Precipitate Vs. Practical Growth

PYMNTS

Payworks ‘ gateway technology, Pulse, wants to provide the lifeblood to point-of-sale transactions for merchants using EMV, contactless and mobile wallets. The company just announced $4.5 million in Series A funding from investors Rumford, HW Capital and Speedinvest. PYMNTS caught up with CEO Christian Deger to find out what keeps Payworks “pulsing” away in the global payments market of gateway providers.

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PayPal And The Global Open Platform

PYMNTS

Over the last few years, PayPal has had the weird privilege of reading its own obituary an unusually large number of times — a somewhat surprising development given that the firm has been growing consistently for almost two decades. For a while there — particularly in the run-up to its split from long-time parent firm eBay and the immediate aftermath — there was a never-ending series of stories suggesting that Apple Pay would be PayPal’s demise or that the card networks/issuers were out to put

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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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From POS To POE

PYMNTS

There was once a time when the butcher in town knew you by name, because that’s where you would always buy your meat, and the baker would have your two fresh-baked rye loaves, still hot, sitting on the counter ready for you to pick up on a Monday morning, because that’s where you always bought your bread. ETailers have a leg-up on retailers because they are recreating the shopping experiences of old.

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YouTube Makes Changes To Video Monetization

PYMNTS

Aiming to increase transparency and fairness around its video monetization, YouTube announced changes in a blog post last week. According to YouTube, the company started rolling out improved notifications in Video Manager in an effort to make it fairer and clarify confusion in the creator community around its longstanding advertiser-friendly guidelines.

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Wearable Devices Present An Opportunity For Financial Services

PYMNTS

Financial services firms have an opportunity to expand mobile payments and account management capabilities thanks to growth in wearable devices. Wearable devices may be in their early stage of adoption, but they are set to grow. According to market research firm International Data Corp., worldwide shipments of wearable devices are targeted to reach 213.6 million units in 2020.

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UPS’ Coming Shipping Price Hike

PYMNTS

The United Parcel Service (UPS) plans to raise shipping rates but will wait until after the holiday shopping season to do so, according to Retail Dive. The 4.9 percent rate hike will take effect on Dec. 26 on ground and shipping services, while the freight division will raise its shipping rates on Sept. 19. “UPS continues to make investments in the speed, scope and coverage of our transportation network.

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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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Asia Closes In On UK In Forex Market Dominance

PYMNTS

For weeks now, analysts have warned that the U.K.’s dominance in FX trading is waning. Now, for the first time in more than a decade, the U.K.’s share of the global currencies trading market dropped to 37.1 percent, reports by Financial Times said late last week — that’s down from 41 percent in 2013. New data from the Bank for International Settlements (BIS) has also confirmed what analysts have been eyeing in recent months, too: Asia is rising to the top of the global FX trad

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Trade Groups Want Alibaba To Do More About Counterfeiting

PYMNTS

Despite recent efforts, it seems as though Alibaba ‘s counterfeiting controversy is determined to stick around. As of August, a variety of international trade groups have sent Alibaba a letter to inform it that its recent efforts are insufficient to quell the tidal wave of counterfeit goods that is currently flooding the various marketplaces Alibaba operates.

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How Payments Security Drives Digital Transformation

PYMNTS

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Or watch its digital disruption. There’s just one problem: The current digital environment has introduced whole new varieties of risks, threats and emerging competitors — making the switch to digital for financial institutions fraught with challenges and the prospect of

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UK Uber Rider Falls Asleep, Gets $111 Bill For Short Trip

PYMNTS

Falling asleep on public transportation can be dangerous. Falling asleep in an Uber car can be very costly. At least, that’s the experience of one Uber rider in the U.K. who got hit with a more than $100 bill for a short trip — all because she fell asleep. According to a report by Mashable , Hannah Warman, a London-based comedian, opted to take an Uber car home on Sunday (Aug. 28) night instead of making the short walk home.

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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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Think Brick-And-Mortar Retail Is Dying? Pssh.

PYMNTS

Ask a brand, retailer or marketer, and they’ll all probably say the same thing: Brick-and-mortar retail stores are dying thanks to the rise of eCommerce and online shopping. But is this really true, or is it more of a case of perception influencing reality? And if brick-and-mortar retail really is dead or dying, then maybe somebody should tell that to the retailers themselves?

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Hispanic Millennials A Top Target For Mobile Wallet Players

PYMNTS

The Hispanic Millennial Project has found some patterns in the use of mobile payments technologies among this demographic. Reports on Friday (Sept. 2) said the research initiative revealed that Hispanic millennials, those aged 18–34, are embracing mobile payments technology. But there are other trends that emerge when the data is broken down even further.

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Globally, Card Payments Up 15 Percent Year Over Year

PYMNTS

A new report shows that, across the globe, there were more than 270 billion card payments in 2015, an increase of 15 percent over 2014. Such an increase, according to RBR’s Global Payment Cards Data and Forecasts to 2021, is almost double the 8 percent rise in card numbers alone. This trend underscores worldwide initiatives to move away from cash payments altogether.

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Millennials Are Buying More Gift Cards Than Ever — For Themselves

PYMNTS

Maybe millennials really are a self-centered bunch? New data suggests that they are buying more gift cards than ever before but then turning around and spending those cards on themselves. Millennials and women are fueling a surge in sales of retailer-specific gift cards, but it seems that they are purchasing more of these gift cards for themselves than to give away to others, as more and more retailers and brands entice consumers with loyalty rewards when they purchase these types of gift cards

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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.