PYMNTS
MARCH 21, 2017
A new report from financial services company Nordea says corporates are waiting for their banks and other FinServ providers to standardize payment processes. According to Nordea research, a quarter of corporates say their largest payments challenge is a lack of standardization across formats between banks — and 60 percent said this is one of their top three challenges.
PYMNTS
MARCH 21, 2017
API technology isn’t new, but all of a sudden, the world of FinTech seems to be flocking to the tool as a way to expand the financial services offered to corporates. Anis Rahal, CEO of treasury management firm TreasuryXpress , has been a vocal proponent of API technology in recent months. In earlier statements, Rahal has dubbed 2016 the year of the API revolution, and 2017 is certainly keeping with that trend.
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PYMNTS
MARCH 23, 2017
The European Commission is hoping to consult with the public concerning the growing market of financial technology as the agency looks to manage policies in the sector. Through its FinTech Task Force, the Commission last year said it will use public feedback to help guide its efforts to ensure the single market for financial services remains competitive, inclusive and efficient, Finextra reported.
PYMNTS
MARCH 24, 2017
Payment solutions company Payline Data is the latest to launch an API for other businesses looking to process payments. The company announced this week that it is rolling out Payline I/O, a payment facilitation API for developers to integrate Payline solutions into their own tools. Payline I/O is offering a developer sandbox for developers to test out the solutions they create before they deploy them for real-world use.
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PYMNTS
MARCH 23, 2017
Earlier this week, Anis Rahal, CEO of treasury management company TreasuryXpress, told PYMNTS that the API has potential to disrupt the treasury management solutions space. Now, the company is acting on that belief. Reports Wednesday (March 22) said TreasuryXpress has launched its API, Payment+. The solution will be offered in the TreasuryXpress store and supports the creation of payment files from existing ERP or treasury management systems ready to be sent to the bank.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
PYMNTS
MARCH 24, 2017
Detecting financial crime activity is no longer a payments problem siloed by job title and sloughed off to payments professionals — it is an organizational effort. As more payments go digital, bad guys must be more closely scrutinized by all levels of any organization. In an interview with PYMNTS’ Karen Webster, Cheryl Gurz, program director of global payments for CGI , said that to properly address financial crime, it must first be defined.
PYMNTS
MARCH 24, 2017
B2B FinTech is taking advantage of bot technology across use-cases, from SME banking to accounting. SAP Ariba has just become the latest to add to this trend and is pulling the hype over chatbots into the world of procurement. The company said this week that it is developing an eProcurement bot, deploying artificial intelligence, to enable streamlined accurate and compliance procurement processes.
PYMNTS
MARCH 23, 2017
Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow. The company, which provides education and resources for suppliers, recently released a new eBook to guide vendors on how to take advantage of Same Day ACH technology. The Definitive Guide – Same Day ACH argues that not only can Same Day ACH mean faster supplier payments, but the technology presents a host of other benefits for B2B vendors.
PYMNTS
MARCH 21, 2017
The on-demand revolution is well under way, fueled by innovators like Amazon and Uber as well as the move to online and mobile channels. Consumers expect more than ever from their delivery experiences. To stay competitive, consumer-facing companies need to change the way they operate, said Lior Sion, cofounder and CTO of global enterprise logistics management solutions provider Bringg.
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PYMNTS
MARCH 21, 2017
Three days into what can only be termed a rout, shares of bitcoin have stabilized — if we accept the skewed maxim that one day’s trading makes a trend. Reuters noted Monday that the digital currency gained at least some traction, after the previous three sessions slammed pricing to its lowest level since 2015. The peak seems far away, at $1,350.
PYMNTS
MARCH 23, 2017
Adoption of mobile payments has been anything but explosive. Sure, there has been a steady increase in the use of platforms like Apple Pay and Android Pay, but the reality is adoption levels — especially in the U.S. — aren’t near where some may like them to be. According to data from PYMNTS and InfoScout, as of June 2016, more than a third of survey respondents said they rarely consider using Apple Pay.
PYMNTS
MARCH 21, 2017
With over 93 million mapped locations, it’s safe to say Foursquare has cornered the market on foot traffic pattern for brick-and-mortar retail locations. The location-based tracking service is taking its services to a new level with the unveiling of its new analytics tool. Over the last few quarters, Foursquare has reached out to and been working silently with various brands to develop its Foursquare Analytics tool.
PYMNTS
MARCH 23, 2017
Vantiv, the credit card payment and processing company, has found via new research that there are increasing disparities in subscription spending habits from one generation to the next. In a press release announcing the results of its study, Vantiv said that while Gen Xers and baby boomers aren’t joining subscription services at a fast clip, millennials are.
Speaker: Victor C. Barnes, CPA, MBA
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.
PYMNTS
MARCH 22, 2017
Mobile wallets might be struggling to catch on with consumers, but they sure as heck are attracting some serious dollars and attention. . And as mobile commerce continues to make its presence felt on the payments landscape, developers are seemingly more eager than ever to earn a spot in the mobile payments landscape. Last month, several companies in the software development space debuted new mobile payments solutions and apps for an increasingly mobile-friendly consumer pool.
PYMNTS
MARCH 22, 2017
In 1992, a discussion about buying marijuana was pretty straightforward. Back then, it was illegal and socially stigmatized. Walking into a storefront to buy it was pretty much out of the question — unless you happened to be connecting thru Amsterdam. Most transactions occurred on street corners or back alleys, and payment was in cash. Four years later, in 1996, the situation regarding marijuana legislatively changed dramatically, when California passed Proposition 215 and legalized marijuana fo
PYMNTS
MARCH 21, 2017
U.S. Bank Corp. announced Monday (March 20) travel card clients can soon pay via Apple Pay , Android Pay and Samsung Pay. In a press release, U.S. Bank Corp. said the addition of the new payment methods enables commercial cardholders to easily and securely pay with compatible device, making U.S. Bank the first financial firm to offer mobile payments for a Visa corporate card.
PYMNTS
MARCH 20, 2017
Amazon just released a new feature that effectively adds “personal fashion consultant” to the online retailer’s ever-growing list of offerings. Outfit Compare, as it’s called, just recently made its debut for Prime members on Amazon’s shopping app. Picture a mobile-optimized version of Cher Horowitz’ outfit selection software from the movie Clueless.
Speaker: Kim Beynon, CPA, CGMA, PMP
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.
PYMNTS
MARCH 22, 2017
Is the way March will end for the Investment Tracker, not with a bang but a whimper? In the period that ended March 17, investment activity could only be termed anemic. The week saw only $159 million in fund flows, with no triple-digit deals seen at all. The B2B space took sway in the period. All told, activity measured barely a sixth of the previous week’s.
PYMNTS
MARCH 21, 2017
Main Street USA isn’t just growing — it’s exploding. The latest PYMNTS Store Front Index™ reveals that store front businesses in the U.S. grew by 2.1 percent in Q4 2016. That growth was powered in part by the booming fitness industry, which clocked in with a 6 percent growth rate, while presumably helping to reduce the collective American waistline at the same time.
PYMNTS
MARCH 20, 2017
U.K. police have warned the public about a new fraud threat at the local ATM: tiny cameras drilled into London ATMs. According to The Telegraph , the cameras are so well-hidden that it would be extremely difficult for bank customers to locate them. The tiny pinhole cameras are hidden by a false casing on the machine and can film people putting in their PIN numbers.
PYMNTS
MARCH 20, 2017
Select Restaurants Inc., which owns a number of well-known restaurants nationwide, was identified by Google as possibly being the victim of a large credit card breach. A report from KrebsOnSecurity noted that Google assigned a “This site may be hacked” warning directly under the search results for Select Restaurants. When this message is displayed, it typically means that the site has been compromised in some way by scammers.
Speaker: Mark Gilham, FCCA, CPP
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.
PYMNTS
MARCH 21, 2017
Mobile capture firm Mitek is now supporting mobile check deposit for B2B clients using the Ariba Network. Reports Monday (March 20) said Mitek’s mobile check capture and identify verification software now integrates into the Ariba Network, allowing companies to use the technology to deposit checks using their mobile device. The solution will use Mitek’s MiSnap Multi-Check Capture and Mobile Deposit applications, the firm said.
PYMNTS
MARCH 24, 2017
Whether in online marketplaces or in the brick-and-mortar space, the best merchants want to make shopping an easier experience for their customers. In the online world, good eCommerce merchants are looking to build a strong online brand and retain customers in order to provide their consumers easily navigable user experiences with up-to-date pricing and a simple checkout experience, along with the most efficient delivery options.
PYMNTS
MARCH 21, 2017
Every day the average American consumer comes into contact with hundreds — if not thousands — of algorithmically powered experiences. The ads one sees on Facebook or Google were served courtesy of an algorithm that mashes up data points about what you have searched for in the past and where you have shopped. The blazer, blouse and shoes recommended for you by your favorite eTailer was also decided by an algorithm that mashed up data points about what you bought in the past and their inventory.
PYMNTS
MARCH 20, 2017
At the China Development Forum in Beijing on Sunday (March 19), Mastercard CEO Ajay Banga shared how the proliferation of connected devices has opened the door for China to upgrade its cybersecurity framework in order to keep pace with increasing digital connectivity and integration. Banga discussed how small and medium enterprises (SMEs) are in need of significant support to help manage and mitigate cyber risks.
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