Sat.Sep 01, 2018 - Fri.Sep 07, 2018

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The Dark And Deep Web, Illuminated – Maybe Not As Dark As It Seems

PYMNTS

The dark web – it’s easy to view it as murky, an ocean of illicit activity, with swarms of bad actors acting badly, trading stolen data for – maybe – stolen dollars. Then again: Might there be some usefulness amid the murk? CNBC reports that, yes, the dark web may harbor a reputation of hiding an underground economy or economies, where commerce dabbles in everything from stolen financial records to firearms.

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Today In Data: Correctly Capturing Consumers’ Needs

PYMNTS

Consumers want what they want, when they want it – and they want to be able to feel confident that they can trust what they choose, whether it’s shopping online, contemplating a connected car or choosing between a card and a mobile payment method. Trust means the transaction is secure , and also lives up to the customers’ expectations for the agreement.

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Stripe Says Developers Are Economy’s Most Precious Resource

PYMNTS

If one were looking at the economy a decade ago, Stripe COO Claire Hughes Johnson told Karen Webster, the biggest challenge businesses faced in growing was clear: access to capital. Ten years ago, the economy was in the midst of the “Great Financial Crisis,” and businesses were reeling from the credit crunch that came along for the ride. The last 10 years have changed the playing field a lot.

Math 61
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IdentityMind On The Need For FinTech Compliance Marketplaces

PYMNTS

Compliance and risk? The top of any FinTech’s to-do — and to-keep-doing — list. Automating that compliance is now a “need to have.”. The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined.

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Planning Your Restaurants 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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Digital Payments Advance In India And Africa

PYMNTS

The summer, now drawing to a close, brought significant payments and commerce activity outside the Western world. A new PYMNTS story offers an in-depth look at all the recent digital happenings in India — a country that’s experiencing more competition from the likes of Google , Amazon , Walmart-owned Flipkart and Alibaba. Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate.

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India’s eCommerce Market Expected to Hit $150B By 2022

PYMNTS

A new report says that India’s e-commerce market could hit $150 billion by 2022 due to rising incomes and a boost in Internet users. The report by software industry lobby group Nasscom and consulting firm PwC India — called “Propelling India Towards Global Leadership in eCommerce” — says that India’s eCommerce industry is expected to contribute 4 percent of GDP by 2022.

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Visa Highlights Contactless Payments At New York Fashion Week

PYMNTS

To help consumers experience new ways to pay, Visa has announced a new relationship with New York Fashion Week: The Shows. Through the on-site experience, consumers will be able to tap to pay with contactless cards and devices, the company said in an announcement. “We are constantly exploring sponsorship opportunities to help us diversify our brand and reach new audiences, while delivering experiences that drive business priorities,” Mary Ann Reilly, senior vice president for North America marke

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PaymentVision Teams Up With MoneyGram For Walk-In Bill Payments

PYMNTS

To provide streamlined walk-in bill payment services, PaymentVision is teaming up with MoneyGram. PaymentVision provides merchant processing and offers electronic payment processing technology for a variety of verticals, the company said in an announcement. PaymentVision Vice President of Marketing Eugene O’Rourke said the new partnership makes “it easy for consumers to reliably process cash payments in-person at thousands of walk-in bill payment centers across the nation and seamlessly post act

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Retailers Can Tap Into Mobile Stores With Self-Driving Cars

PYMNTS

Click-and-collect and delivery aren’t the only options for grocers to provide eCommerce ease to their customers: They can also let customers shop through mobile stores in front of their homes. And, with the help of self-driving technology, these vehicles can reach consumers without the need for a driver at the wheel. Companies such as AutoX are seeking to disrupt this space by bringing the grocery store experience home to customers with its self-driving vehicles.

Retail 49
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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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Sinemia Tries To Pick Up MoviePass’ Slack

PYMNTS

People don’t just go see a movie when they go out to the movies. They eat dinner in a restaurant. They snack on popcorn. They have cocktails before the coming attraction starts or after the end credits roll. They treat it as a date. They bring the kids and treat them to a special outing. Movies are about more than movies — and that’s what’s driving Rifat Oguz, CEO and founder of Sinemia , as he not only tries to exploit an opening left by a rival ticket subscription service, but as he plans out

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ING Group Fined For Money Laundering, Due Diligence Lapses

PYMNTS

Financial crime is drawing scrutiny — and fines — at large financial institutions. To that end, ING Group said it has agreed to pay 775 million euros — about US$900 million — to settle investigations by Dutch authorities over money laundering and other illicit activities. Drilling down a bit, Bloomberg noted that the settlement is comprised of a 675 million fine.

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Investors Back Portal Finance’s Multi-Pronged Approach To SMB Finance

PYMNTS

Investors this week placed more than $447 million in B2B FinTech startups, with the biggest investment rounds landing at companies that address more than one point of friction. Take Udaan , for example, an Indian B2B eCommerce startup that plans to use its latest venture capital raised to introduce business financing and warehousing solutions for its corporate customers.

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New Global FinTech Deal Highlights Collaborative Trend

PYMNTS

The latest global FinTech collaboration ties together Singapore and Dubai in a deal designed to encourage innovation in digital payments, online and mobile commerce, and related areas. According to a recent statement , the Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) have signed a deal “that provides a framework for cooperation and referrals between the innovation teams of each authority.”.

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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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What’s the Future For Payment Cards?

PYMNTS

What does the future hold for the plastic payment card? Will it go the way of the check — still in use, but seemingly out-of-date, as more consumers use mobile devices for transactions? Or will cards with cutting-edge technology win more loyalty from shoppers? Such questions are addressed in a new PYMNTS story that features an interview with Sebastien Clamagirand, general manager of secure payment and identity at NXP Semiconductors.

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Nigeria’s Mobile Wallet Paga Snags $10M, Expands Cross-Border

PYMNTS

Nigerian digital payments startup Paga has received $10 million in funding as it prepares to expand into other countries. CEO Tayo Oviosu announced at Disrupt San Francisco, according to reports , that the company is planning to release its payments product in Ethiopia, Mexico and the Philippines as it plans to compete with heavy hitters, such as PayPal , Alipay and Safaricom’s M-Pesa.

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Investors Target B2B FinTech Firms That Multitask

PYMNTS

There are some B2B FinTech segments that are mainstays with investors. Companies like alternative small business (SMB) lenders or accounting solutions providers, for instance, remain popular investment targets. This week, though, investors revealed their appetite for B2B FinTech firms that can multitask. The largest investment rounds landed at companies offering full-suite services, like South Africa’s Yoco , which offers small business enterprise software, performance analytics and a poin

B2B 43
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Vending Machine Commerce Encourages Digital Payments Growth

PYMNTS

Visit one of the places where time still crawls — New Orleans, for instance, inside a dive bar where the beer and tobacco odors have more years on them than the regulars — and you might see one: a glass, metal and plastic box squatting along some wall, its coin slot and thick pull-handles ready to serve any boozer in need of quick nicotine. Cigarette vending machines have earned their place in discussions of Americana and barroom history.

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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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Today In Data: Tapping Into The Tokenized Future

PYMNTS

While the “mobile everything” future has been long predicted, as of the second half of 2018, we are actually beginning to see the shape of what that will look like. There will be more competition, as players like Uber try to tap more directly into the mobile payments enthusiasm they helped invent, and as enthusiasm for mobile wallets continues to creep up.

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TRENDING: The Overdue Overhaul For Insurance Settlements

PYMNTS

In the aftermath of an accident or loss, filling out an insurance claim is never an enjoyable experience. However, when that time comes, consumers want, and expect, to be able to access their funds quickly so they can afford to pay for recovery and repairs — and get back to normalcy. Unfortunately, it’s rarely so simple. Insurance settlements have long been processed by legacy payment methods and often entail lengthy processing times — pain points which often keep customers from quickly accessi

Banking 43
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Tackling Payroll Fraud Begins With The Timecard, Says OnTheClock

PYMNTS

Payroll is facing risk exposure from all angles. Cyberattackers are increasingly targeting payroll payouts, while manual data entry introduces the risk of errors. Lackluster reporting increases the risk of non-compliance with Department of Labor regulations, while legacy systems make fraud and inflated paychecks an easy crime. Many of these issues originate at the beginning of the payroll process with employee time tracking, a process that traditionally requires workers to track their own hours,

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ECB Wants ‘Single Agency’ For AML Enforcement

PYMNTS

Following scandals at European lenders, the European Central Bank (ECB) wants the European Union (EU) to step up enforcement of anti-money laundering (AML) rules. To that end, the bank recommends that the bloc make a “single agency” for the task as the ideal solution, the Financial Times reported. Executive Board Member Benoît Coeuré said that ECB would “support any initiative that would lead to a more harmonized and also more coordinated approach” for enforcement of EU rules.

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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.

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SAP Scales ERP Tech For The Mid-Market

PYMNTS

Enterprise software firm SAP is enhancing its SAP Business ByDesign solution to support growing middle-market companies. Reports in Codestone said Business ByDesign, which is updated every quarter, has enhanced its functionality with boosted data security and streamlined processes. The solution is designed to provide Enterprise Resource Planning (ERP) solutions to middle-market firms that are too small for a full-scale ERP system.

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Tracker Roundup: What to Think About Now and In the Future

PYMNTS

. Original research. Thousands of individuals and companies surveyed. Insight all manner of subjects – from mobile shopping to digital banking to self-service kiosks and beyond. The PYMNTS trackers and indexes offer all this and beyond, with an eye on where we’ve been and where we might be headed. Yes, Labor Day is upon us, with a bit of time to rest and reflect.

Banking 43
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India’s Payments Power Moves

PYMNTS

Cash continues to command the loyalties of consumers in India. However, as demonstrated this summer, the country is not only embracing digital payments, but increasingly attracting competition from some of the biggest players in the industry. In 2016, Prime Minister Narendra Modi put forth a policy that took the largest banknotes in circulation out of the system (500 rupee and 1,000 rupee bills), a move intended to reduce tax evasion and corruption.

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Yoco Notches $16M In Series B Funding; Volopa Taps Onfido For AI Technology

PYMNTS

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Yoco ’s $16 million Series B funding round. In addition, China’s Beijing Inspiry Technology is deploying a mobile payments in Japan , and Volopa has chosen Onfido to help verify applicants’ identities when on-boarding new clients. South Africa -based Yoco has notched $16 million in a Series B round led by venture capital firm Partech , the company said in an announcement.

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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

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2017 Holiday Shopping Mostly Took Place In Stores

PYMNTS

It was a good holiday season for online retailers in 2017 — particularly Amazon. According to Gartner, online retail sales rose 14.7 percent year-over-year during the 2017 holiday season to $108 billion. Amazon was the big winner in that increase. Around 50 percent of online purchases during the season were made on Amazon — the previous year it represented 38 percent of online sales.

Sales 43
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Jumio On Montreal As AI Tech Hub

PYMNTS

There are many locales that come to mind in looking toward the next big thing in FinTech, in payments, in AI and beyond. London and Silicon Valley make the cut, and increasingly, so does Montreal. The Canadian city is increasingly on FinTech’s radar amid a strong academic backdrop and relatively relaxed immigration policies. Those attributes help set the stage for tech upstarts to hire the talent they need and want.

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UK Bank Referral Scheme Yields $20M For SMBs

PYMNTS

Since the U.K. implemented its bank referral scheme, aimed at linking small businesses to alternative finance when they’re rejected for a bank loan, it has yielded less than $20 million in loans for SMB borrowers. Reports in the Financial Times Adviser on Friday (Aug. 31) said the government’s bank referral scheme has linked small businesses to less than $20 million in funding since its November 2016 launch.

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