PYMNTS

NOVEMBER 25, 2018

Venmo , the digital money transfer service owned by PayPal , suffered payments fraud earlier in 2018 that played a role in the company posting losses that were higher than forecasted for the first quarter of this year. The Wall Street Journal , citing internal documents it reviewed, reported that for the first three months of 2018 Venmo had operating losses of around $40 million, which was close to 40 percent bigger than what the company had planned for.

Forecasting 89

Forecasting Accounting Banking Numbers 89

CFA Institute

NOVEMBER 28, 2018

Everyone thinks they have millennials figured out. But a new report suggests we don't know what we think we know about this critical demographic, especially when it comes to investing.

Investments 52

Investments Communication Economics Leadership 52

PYMNTS

NOVEMBER 28, 2018

InComm , a global prepaid product and payment technology company, has announced a partnership with Welcia , Japan’s leading pharmacy chain, to launch four mobile barcode payment solutions in its stores. InComm will be integrating its point-of-sale payment technology directly with Welcia. “Simultaneously connecting these major mobile barcode payments with the largest pharmacy chain in Japan is an exciting opportunity for InComm and Welcia’s customers,” Takumaro Arai, vice president and general ma

Leverage 84

Leverage Sales Retail Technology 84

PYMNTS

NOVEMBER 25, 2018

Overstock is gearing up to sell its retail business, with a deal taking place in the next few months as it focuses solely on its blockchain initiatives. CNBC , citing comments Overstock chief executive Patrick Byrne made in an interview with the Wall Street Journal , reported the sale could happen as early as February. Overstock has previously announced plans to sell the retail business so that it can focus on blockchain technology.

Retail 81

Retail Startups Sales Planning 81

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PYMNTS

NOVEMBER 28, 2018

Earlier this week, reports said two researchers from Bloomsberg University of Pennsylvania made their case for safe harbor rules and overall easing of regulatory penalties for small businesses hit by a cyberattack. Their argument, reports in the Wall Street Journal said, is that small businesses are held to the same standards as large corporates when they suffer a data breach — even if the small business is found to not be at fault.

Securities 78

Securities Finance Technology B2B 78

PYMNTS

NOVEMBER 26, 2018

On Nov. 24, holiday consumers and small businesses celebrated the ninth annual Small Business Saturday. The event, created by American Express as an offshoot to Black Friday , brought in an estimated $17.8 billion, according to surveys commissioned by the company. This brings the estimated total spending on the day to $103 billion since 2010, reported Amex.

Sales 77

Sales Planning Marketing Retail 77

PYMNTS

NOVEMBER 27, 2018

Two researchers from Bloomsberg University of Pennsylvania are arguing that small businesses should not be held accountable to the same level as large corporations when hit by a cyber attack that exposes sensitive data. Reports in the Wall Street Journal on Sunday (November 25) said that researchers Loren F. Selznick, associate professor of business law and Carolyn Lamacchia, associate professor of information and technology management, argue that small businesses do not have the resources to re

Technology 75

Technology Accounting B2B 75

PYMNTS

NOVEMBER 30, 2018

Hook convenience store (c-store) customers on a user-friendly mobile experience for fuel purchases, and the benefits will accumulate. That’s one of the main findings from new PYMNTS research, which found that of the consumers who have used mobile apps to buy gas, 73 percent are likely to shop at the facility’s convenience store. That’s not all — 82 percent of those consumers want a mobile app experience that will let them pay for c-store items.

Transportation 74

Transportation Sales Retail Numbers 74

PYMNTS

NOVEMBER 30, 2018

The world is constantly getting faster. As a result, the speed of commerce and payments is coming closer to real time. This increased focus on speed is creating a wide range of opportunities for consumers and companies alike, but also opening up new chances for digital fraudsters to wreak havoc on consumer systems. Nordstrom and HSBC were the latest to find this out the hard way when each company suffered a recent data breach.

Investments 74

Investments Technology Retail Banking 74

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.

Planning

PYMNTS

NOVEMBER 26, 2018

Ohio is leading the charge in terms of accepting bitcoin as a payment method, as it is the first state to accept bitcoin to cover tax bills. According to a report in The Wall Street Journal , reported businesses in the state will be able to go to OhioCrypto.com and register to pay for a range of taxes, from cigarette sales taxes to employee withholding taxes, with bitcoin.

Currencies 74

Currencies Sales B2B 74

PYMNTS

NOVEMBER 28, 2018

NovoPayment, an enabler of digital financial services, announced Wednesday (November 28) the expansion of its Developer Hub to include new partner-integrated application protocol interfaces (APIs), enterprise customer functionalities and an enhanced user experience. In a press release , the company said its Developer Hub is “the first bank-agnostic portal of its kind offering resources to software developers seeking to build new payment and financial service solutions, enhance existing products

Accounting 73

Accounting Banking Marketing 73

PYMNTS

NOVEMBER 26, 2018

Cubic Corporation announced Monday (November 26) that its Cubic Transportation Systems unit and Transport for New South Wales will expand the contactless payment system to cover Sydney’s train network. In a press release , Cubic said the expanded partnership comes on the heels of successfully bringing contactless payments to the Australian city’s ferries and light rail.

Transportation 73

Transportation Technology 73

PYMNTS

NOVEMBER 28, 2018

Keeping consumers happy enough to make them loyal customers is no easy task, particularly as the list of things they are looking for in a commerce experience is ever-growing. They want novelty in how they travel , in how they pay and in how they shop – particularly if those novel offerings bring a smoother, more friction-free experience. At the same time, consumers also want a guarantee of security and a belief that their entire digital identity isn’t going to end up for sale on the dark web.

Securities 71

Securities Sales Numbers Accounting 71

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

Finance

PYMNTS

NOVEMBER 28, 2018

If Hollywood, gripped by reboot fever, ever remakes the 1983 classic movie “ A Christmas Story ” — hey, we are just doing a thought experiment here, not calling for it to actually happen — Ralphie wouldn’t need Santa and his judgmental, contrary, entirely non-professional attitude. Instead, the adorable boy whom everyone fears will shoot out his eye would simply use his mobile phone, or tablet, to order that Red Ryder Carbine Action 200-shot Range Model air rifle, perhaps using the allowance he

Sales 70

Sales Retail Accounting 70

PYMNTS

NOVEMBER 25, 2018

The European Union has launched an inquiry into deals between players in the air travel industry that may have resulted in a slew of companies colluding to hike airline ticket prices consumers pay. The Financial Times , citing EU competition commissioner Margrethe Vestager, reported the regulator is looking into price manipulation agreements between airliners, travel agents and flight reservation booking companies Amadeus and Sabre.

Startups 70

Startups Accounting Technology Marketing 70

PYMNTS

NOVEMBER 29, 2018

Investment in Intelligence of Things (IoT) is expected to surge in the coming years, with companies projected to increase spending on the design, creation and operation of IoT solutions from $186.1 billion in 2017 to a grand total of $434.9 billion by 2023. What’s more, recently released studies have shown that employees are becoming less wary of their companies’ IoT plans, which could fuel growth, while service providers are also encouraging companies to engage in new IoT solutions.

Pharmaceutical 69

Pharmaceutical Transportation Securities Technology 69

PYMNTS

NOVEMBER 26, 2018

Adoption of commercial cards in B2B payments has emerged as one of the hottest industry topics of the year thanks to new FinTech innovations and industry leaders like Visa and Mastercard making a push further into the market. The perpetual hurdle in corporate credit cards, though, is vendor acceptance, which inadvertently became one of the key points of friction addressed by Plastiq.

B2B 68

B2B Reconciliations Accounting Accounts Payable 68

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Reconciliations

PYMNTS

NOVEMBER 26, 2018

Blue Apron employees have filed a class-action lawsuit against the company over a variety of alleged labor law violations. According to BuzzFeed News , the suit, filed in October by former Blue Apron employee Rashida Fairley on behalf of all hourly employees, alleges that workers weren’t paid overtime, or for meal breaks, among other violations. The employees are seeking back pay for missed wages and a trial by jury.

Numbers 67

Numbers Accounting 67

PYMNTS

NOVEMBER 24, 2018

These are amazing times to be a consumer who suffers from retail embarrassment. Both science and digital technology are making it easier — much easier — to buy certain products without having to show your face, or without attracting too much attention. No, we aren’t talking about drugs or stolen goods or other illegal products or purchases that anyone with enough determination can procure online.

Retail 67

Retail Sales Marketing Technology 67

PYMNTS

NOVEMBER 28, 2018

B2B payments is all too often a waiting game, one that can be damaging to the survival of a small business (SMB). With checks still so heavily in play, small businesses must not only wait to receive a check, but banks often enact a holding period that forces a company to wait even longer to see the funds they’ve been paid. The check system creates a financial environment in which a small business has money, but can’t use it.

B2B 67

B2B Banking Accounting Finance 67

PYMNTS

NOVEMBER 29, 2018

Alternative Airlines, a website that allows customers to search for airline flights, and Amazon Pay, which allows people to pay using their Amazon payment information, have teamed up to provide a new payment option, according to a press release by the airline search company. Rather than entering new payment information – including address and card details – users can easily enter Amazon account login info.

Currencies 67

Currencies Retail Accounting Securities 67

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Accounting

PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases. The newswire said representatives from local banks will sign on with a task force from the central bank, which will assess the financial products and services that are being proposed.

Banking 67

Banking eCommerce Finance Numbers 67

PYMNTS

NOVEMBER 26, 2018

With the movement to shop online going on unabated, foot traffic to U.S. stores during Thanksgiving and Black Friday declined year over year. The Wall Street Journal , citing data from RetailNext, reported traffic during the two days in U.S. stores dipped between 5 percent and 9 percent compared with Thanksgiving and Black Friday a year ago. Meanwhile, the paper reported that ShopperTrak found store traffic declined 1 percent compared to last year.

Sales 67

Sales Retail Economics eCommerce 67

PYMNTS

NOVEMBER 27, 2018

Funding can often be a sign of confirmation for FinTech startups. For Modo , the company’s Series A round showed that there is an appetite for companies that give banks or large retailers the opportunity to compete on the basis of who they are and not necessarily give up part of their business models, according to Modo Chief Revenue Officer Brian Billingsley.

Startups 66

Startups Reconciliations Banking Retail 66

PYMNTS

NOVEMBER 30, 2018

The European Central Bank launched the TARGET Instant Payment Settlement, or TIPS, on Friday (Nov. 30), with the aim of competing with PayPal and other payment tech giants, according to a report by Reuters. TIPS allows customers and companies to transfer euros in seconds, whether the local bank is open or not. Currently, instant payment platforms are the dominion of companies such as PayPal, Google, Facebook, Amazon and China’s Alibaba and Tencent.

Currencies 65

Currencies Banking Investments Accounting 65

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