PYMNTS
DECEMBER 19, 2019
For PayPal, eyeing growth and eyeing new markets, the gaze is, at least in part, turned eastward. News came Thursday (Dec. 19) that the company has closed its deal to buy a majority equity stake in China’s GoPay (the formal, official name of the company is Guofubao Information Technology Co. Ltd.). The deal had originally been announced at the end of September.
Future CFO
DECEMBER 18, 2019
The report by ACCA outlines the general context for issues of corporate tax behaviour, the relevant principles underpinning the design of tax systems, and taxpayers’ responses to them. It goes on to identify features of a ‘good’ tax system and frames principles that ACCA aims to follow in its approach to policy on corporate tax matters. Download The post Global policy on taxation of companies: principles and practices appeared first on FutureCFO.
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CFA Institute
DECEMBER 16, 2019
Heather Brilliant, CFA, defines engagement as “proactively, constructively, and collaboratively engaging with the management teams of the companies in which we invest.”.
PYMNTS
DECEMBER 19, 2019
Savor this moment — these coming weeks, the next few months, the year or two that will follow. These are the last moments before artificial intelligence (AI) really starts to have a massive impact on one’s daily life, before the world really turns to AI. That is not meant to be mournful, or an expression of grief for a way of life — a non-AI way of life — that is on its way out.
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PYMNTS
DECEMBER 16, 2019
With the U.K. one of the largest FinTech hubs of the world today, initiatives like Open Banking demonstrate the opportunity for regulatory mandates to encourage innovation and competition — even in markets where such regulatory mandates don’t exist. The capabilities to unlock bank data and integrate new services into emerging FinTech platforms via API integrations is a FinTech trend that hasn’t ignored the B2B payments arena.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
PYMNTS
DECEMBER 20, 2019
Security researcher Bob Diachenko and Comparitech discovered that a Facebook database with 267 million user IDs, phone numbers and names was left unsecured and accessed by hackers, who uploaded it to a downloadable format, according to a report. . Diachenko said he thinks the breach is because of an illegal bot scraping operation or even criminals who figured out how to abuse Facebook’s API.
PYMNTS
DECEMBER 16, 2019
In financial services, access to data is, well, everything. Financial institutions, of course, use data to create new products and services to cement customer loyalty. FinTechs can use data to leapfrog FIs in their own arms race to develop new offerings and gain mind share and wallet share. Might the withholding of data be a strategic weapon? The Wall Street Journal reported this weekend that FinTech firms have been accusing banks of blocking access to end users’ financial data.
PYMNTS
DECEMBER 14, 2019
As you may have heard, there is a new Star Wars movie coming out in a little under a week. If you haven’t heard – well, someone in Disney’s marketing department is about to be fired, since the House Of Mouse (and superheroes, Wookiees and Jedis) has been fairly unsubtle in its attempts to make sure the entire U.S. population is aware that the final installment of the nine-part Start Wars saga will soon hit the silver screen.
PYMNTS
DECEMBER 20, 2019
Booking.com has agreed to change the way it sells on its site, including ending time limits for offers and claiming that a room is the last one available, according to a report by Reuters. The European Commission said Booking.com would end its “manipulative techniques.” The EU executive, as well as the Netherlands Authority for Consumers and Markets, have been working with Booking.com for the whole year, and they said the company was going to put its practices in alignment with EU consumer law.
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.
PYMNTS
DECEMBER 16, 2019
Facebook is using purchase data from retailers to gather information about what people buy in physical stores, Business Insider reported on Monday (Dec. 16). Retail companies are sending Facebook its customers’ names, contact information and details about purchased items, so the social media giant can target ads accordingly. People can opt-out of targeted ads in Facebook’s Ad Preferences by turning off “ads based on data from partners.” Users can also find out how Facebook uses infor
PYMNTS
DECEMBER 15, 2019
Visa has announced in a release that cybercriminals are employing new tactics to steal credit card information from around the U.S. While most are familiar with “skimming” attacks at gas stations, where criminals install a physical piece of scanning technology on an actual fuel dispenser, the new attacks are more complicated and require more technical knowledge. .
PYMNTS
DECEMBER 18, 2019
Hourly — a FinTech startup that helps with workers’ comp insurance, time-tracking and payroll for small businesses — has raised $7.15 million in a Seed funding round, according to a press release. The company — based in Palo Alto, California — launched earlier this year, and is currently the only startup of its kind. Hourly said it can save employers thousands of dollars on workers’ comp insurance by fostering partnerships with insurance companies, and leveraging payroll data “down to the penny”
PYMNTS
DECEMBER 20, 2019
Amazon’s van-buying spree is bringing in holiday joy to the automotive industry. A boon to automakers, the e-commerce leader’s push for home-delivery has boosted van sales. Car manufacturer’s sales to fleets, are on pace for a record year, having already exceeded 2.6 million units through November, according to Cox Automotive. Since developing its own delivery network in 2018, Amazon has built a growing fleet of 30,000 last-mile delivery vans and trucks.
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
PYMNTS
DECEMBER 16, 2019
’Tis the season for corporate fraud? The holidays are unfortunately one of the busiest times of the year for fraudsters looking to capitalize on the surge of shopping and payments activity. In the U.S., the FBI recently issued a warning for holiday shoppers of a new scam called eSkimming , in which cyber criminals hack into legitimate online retailer websites to steal shoppers’ credit and debit card details.
PYMNTS
DECEMBER 15, 2019
A German labor union for two Amazon logistics centers is calling for a strike ahead of Christmas demanding higher pay, Reuters reported on Sunday (Dec. 15). The labor union Verdi, in an effort to force Amazon to recognize collective bargaining agreements that apply to other retail employees, is calling on employees to demand better working conditions. .
PYMNTS
DECEMBER 18, 2019
Digital payments company Payrailz is teaming with Mastercard to launch a pilot of the Mastercard Bill Pay Exchange, a real-time payment solution that works directly with digital banking apps, Payrailz said in a press release on Wednesday (Dec. 18). The goal is to offer users an easy way to view, manage and pay bills. The pilot will integrate the Payrailz Smart Payments Platform with Mastercard Bill Pay Exchange , which will give customers a centralized and streamlined solution to access bills th
PYMNTS
DECEMBER 16, 2019
Indonesian delivery app Gojek has announced it will buy 5 percent of taxicab company Blue Bird, in an effort to stay competitive with rivals like Grab, according to a report by Bloomberg. Gojek will pay around $30 million for the stake, which is about 20 percent more than where Blue Bird was trading in Jakarta on Monday (Dec. 16). The move would value the company at $600 million.
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PYMNTS
DECEMBER 16, 2019
Google sent a letter to the Federal Reserve , asking the U.S. central bank to consider modeling FedNow after the Unified Payments Interface (UPI) framework used in India, The Economic Times (ET) reported on Sunday (Dec. 15). FedNow is the new interbank real-time gross settlement (RTGS) service that will offer integrated clearing functionality for faster digital payments.
PYMNTS
DECEMBER 17, 2019
Fraudsters are approaching their less-than-ethical business models with healthy work ethics. Headlines are filled with reports of service outages and data breaches , and both banks and consumers are contending with rising fraud concerns as digital banking takes off. Fraud threatens everyone, yet customers rely on their banks for protection. One study determined that roughly one-third of consumers have been victimized by fraud, leading them to contact their financial institutions (FIs) to change
PYMNTS
DECEMBER 20, 2019
Bigger sales mean more returns as retailers ready themselves for a flood of unwanted merchandise that is anticipated to top $40 billion, CNBC reported on Friday (Dec. 20). A study by commercial realtor CBRE and returns specialists Optoro indicated that online sales in November and December would likely trigger record returns, more than the $37 billion that was forecasted last year.
PYMNTS
DECEMBER 16, 2019
Winter hasn’t officially started in the Northern Hemisphere, but it’s cold and dreary enough in many places, and that means all those fun winter bugs are doing their jobs and making people ill. It also means that pharmacies — whether brick-and-mortar or online — are popular places, perhaps even part of a weekend to-do list that includes holiday retail shopping.
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PYMNTS
DECEMBER 15, 2019
Some disavow clutter; others enjoy simplicity. Either way, more Americans are said to be holding a quiet position against materialism. More consumers are creating their own gifts, opting for experiences, gifting and receiving used goods, asking for charitable contributions, or asking for nothing during the holiday season , The New York Times reported.
PYMNTS
DECEMBER 20, 2019
China’s Ant Financial has negotiated an unannounced strategic investment in Vietnam’s eWallet startup eMonkey , Reuters reported on Friday (Dec. 20) citing sources. Ant’s parent Alibaba kept the deal hushed over possible anti-China sentiment among the Vietnamese, three sources familiar with the matter told the newswire. Spun-off from the Vietnamese FinTech M-Pay , eMonkey is selling less than 50 percent of its company to Ant.
PYMNTS
DECEMBER 17, 2019
Texas might be known for its BBQ, chicken-fried steak or chili, but food innovators in the Lone Star State are making their mark with meat-free products inspired by the local culinary landscape. All Y’alls Foods , in one case, takes the traditionally animal-based jerky product and creates it with plant-based foods instead. Brett Christoffel started the company based on his passion and love for animals.
PYMNTS
DECEMBER 16, 2019
Amid the Christmas shipping frenzy, Amazon told sellers that they can no longer use FedEx Ground for Prime shipments due to unpredictable service, the Wall Street Journal reported on Monday (Dec. 16). Although Amazon itself stopped using FedEx Ground, third-party sellers were allowed to keep using it until now. The use of FedEx’s Ground and Home services is banned effective immediately for Prime deliveries and will last “until the delivery performance of these ship methods improves,” according
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