Sat.Mar 16, 2019 - Fri.Mar 22, 2019

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Why Technology Isn’t Bank Transformation’s Silver Bullet

PYMNTS

Is there a right way and wrong way to innovate? For banks interested in transforming their brick-and-mortar branches, maybe, according to Diebold Nixdorf Senior Director of Advisory Services Chris Gill. Gill asserts that most financial institutions, left to their own devices, may end up following a less than optimal path to innovation, and not because they have selected the “wrong” technology solution, since in Gill’s experience, what’s “wrong” for one FI might be right for another.

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The Discovering Markets Hypothesis (DMH)

CFA Institute

Thomas Mayer, CFA, PhD, introduces the Discovering Markets Hypothesis (DMH), which he developed with Marius Kleinheyer.

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4 Types of Financial Reports Every FP&A Team Should Be Using

Planful

The FP&A team is numbers-oriented, but also requires a great deal of communication skills. The financial reporting manager must be able to clearly explain specific financial concepts at a high level for busy executives. He or she must be able to work with all departments within the company on revenue or expense targets, while also providing guidance on how to stay on track with the overall plan.

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FIS Buys Worldpay In $35B Cash, Stock Deal

PYMNTS

Fidelity Information Services ( FIS ), a global financial services technology company, announced Monday (March 18) it is merging with Worldpay , the global eCommerce and payments company, in a roughly $35 billion dollar deal. In a press release , FIS said the deal expands its capabilities by enhancing its acquiring and payment offerings. For Worldpay, it expands its distribution footprint and accelerates its entrance into new regions.

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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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How Data Will Speed The Move To Cashless Payments

PYMNTS

Is there a hotter topic — a buzzier buzzword, one might term it — than cashless? Ours is swiftly becoming the age of digital payments, push payments and instant payments, done by bits and bytes rather than through the conduits of coins and bills. The stats show that cash use is declining, but a decline does not presage a disappearance. In the latest PYMNTS Beyond the Buzzword podcast, Justin Ferrabee, chief operating officer of Payments Canada , a financial market infrastructure, told Karen Webs

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First Data, InstaReM Pair On Corporate Card Issuance

PYMNTS

Singapore-based FinTech startup InstaReM , which enables banks and consumers to send money across borders , announced a partnership with First Data to assist businesses that issue corporate credit cards. The partnership will combine InstaReM’s digital payments and remittance solution with First Data’s debit processing solution for businesses like corporates and FinTech firms that need to issue cards to employees, vendors or consumers.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

“Connect the dots” is used as a metaphor for describing how a series of discrete events can explain a “big picture” – often high-impact – action or outcome. Steve Jobs, in his very famous 2005 Stanford commencement address , said connecting the dots was only possible with hindsight, by looking in the rearview window at the series of things that had happened over the course of one’s life to explain the actions of the here and now.

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Square Expands To Offer Retail Online Store, Improved POS App

PYMNTS

Square has two new offerings: the revamped Square Online Store and Square For Retail, introduced in an announcement by the company on Wednesday (March 20). The two products will “offer sellers the tools to have one cohesive solution to start or grow an omnichannel business,” and will be fully integrated with Weebly, which Square acquired about a year ago.

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Google Pay Is Coming To eBay

PYMNTS

Very soon, eBay shoppers will be able to choose Google Pay as their payment method when checking out. The move comes as the latest expansion of its newly redesigned payments experience. In early 2018, eBay announced its plans to intermediate payments through a multi-year implementation that may last through mid-2020. PayPal remains a payment option at checkout — and will until at least 2023 — but Adyen is now eBay’s primary payments processor. eBay says it expects to manage the major

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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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Will Consumers Want To Monetize Their Own Data?

PYMNTS

If headlines are any indication, data breaches have made off with consumers’ most sensitive bits of information, such as Social Security numbers, credit card info and bank details. Advertisers pay Facebook to display targeted ads, and Facebook shares data (though it maintains it doesn’t sell it). On and on it goes — and it seems, to the casual (or even sharp-eyed) observer, that there’s no shortage of companies busily tracking everything a consumer does, sees and buys.

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Mastercard Pushes Multiple Cashless Solutions For Transit Payments

PYMNTS

Mastercard plans to bring cashless transit solutions to more than 20 U.S. cities in the next few years, the company said on Friday (March 22). “From mobile ticketing to digitizing commuter cards and enabling contactless payments, Mastercard has already embedded its technology in 16 metro areas including Los Angeles, Boston and Denver to make getting from Point A to Point B as simple as buying a morning cup of coffee,” the company said.

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People’s Bank Of China To Regulate FinTech

PYMNTS

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. According to Reuters , China’s central bank also revealed that it intends to completely utilize the technology to enhance the flow of credit and reduce financing costs for businesses, as well as improve the ability to prevent risks.

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UK Drivers File GDPR Lawsuit Against Uber

PYMNTS

Four U.K. Uber drivers are filing a lawsuit against the company for alleged violations of EU’s General Data Protection Regulation (GDPR) law, according to a report by CNBC. The drivers claim that Uber is “failing to honor its obligations” under the law. GDPR rules state that individuals have a right to their own data, even when the person holding the data is an employer.

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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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How Many Multibillion-Dollar Deals Does It Take To Change Payments?

PYMNTS

Behind the billions of dollars — OK, make that tens and tens of billions of dollars — in deal-making that has marked the payments space in the just the first few weeks of 2019, lies, of course … strategy. And it’s grand strategy at that, with cross-border linkups that anticipate and facilitate (and, yes, spur) the move from cash to paying online or with cards.

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Investors In 19 Countries Sue Danske Bank Over Money-Laundering Scandal

PYMNTS

An international coalition of pension funds, government entities and asset managers is suing Danske Bank over a far-reaching money-laundering scheme tied to Russia, and its subsequent cover-up. Law firm Grant & Eisenhofer announced the lawsuit as being tied to “one of the most egregious money laundering scandals in history.” The suit seeks $475 million in damages for investors in 19 countries, saying numerous institutional investors, “including many of the world’s largest pension funds, suff

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Citi Cancels Plans For Its Own Cryptocurrency

PYMNTS

JPMorgan Chase isn’t the only bank that has been working on a cryptocurrency. Citigroup was as well, but ultimately decided to scrap it instead of bringing it to market. That’s according to CoinDesk , which cited Gulru Atak, head of Citi’s Innovation Lab, as saying that after working on a cryptocurrency since 2015, the bank came to the conclusion that while the technology had potential, there were other ways to improve payments.

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The Move To Regulate IoT

PYMNTS

The Internet of Things (IoT) has firmly taken hold, with new applications — focusing on the support of consumer, business and industrial use cases — now being developed and rolled out regularly. The adoption of IoT technology to support business use cases is particularly impressive. Thirty-four percent of businesses are using IoT in their operations, according to a recent study, and 70 percent of that group have moved beyond pilot testing to actual adoption.

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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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Instagram Tests The Ability To Shop In-App

PYMNTS

Instagram , the photo and video sharing social media platform operator, is rolling out a trial of a new shopping program in which users can shop and check out within the app. According to a report in Digiday , the company is testing the program with more than twenty beauty and fashion brands that will include direct-to-consumer companies as well as well known companies.

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Merchants Using WeChat Pay Grew 80 Pct YOY In Q4

PYMNTS

While China’s Tencent reported lower-than-expected net profits in its fourth quarter earnings, some of its emerging businesses have seen significant growth. The company revealed that its Q4 net profit declined 32 percent to ¥14.2 billion ($2.1 billion USD), falling below analysts’ prediction of ¥18.3 billion. The decline was due to expenses for its portfolio companies and non-gaming investments.

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How Connected Consumers Order Ahead During Their Commutes

PYMNTS

In the age of smartphones, tablets and voice assistants, the morning or evening commute provides a myriad of opportunities for consumers to interact with the world. Those possibilities also extend to commerce, with connected devices paving the way for new shopping opportunities while consumers are on the road. According to the PYMNTS Digital Drive Report , 73 percent of today’s connected commuters use a host of devices during their drives to facilitate purchasing activities.

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Google Set To Announce Game Streaming Service

PYMNTS

Google is getting ready to announce its own game streaming service. The tech giant will show off its plans to enter the $100+ billion gaming industry during the Game Developers Conference presentation on Tuesday (March 19) in San Francisco. It is expected that the presentation will include a commercial version of its “Project Stream” service, as well as a look at its “Yeti” gaming console.

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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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Lyft Roadshow Docs Project $2B Via IPO

PYMNTS

Lyft is set to launch the investor road show for its initial public offering on Monday (March 18). Citing people familiar with the matter, Reuters reported that the ride-hailing platform wants to raise as much as $2 billion and be valued at more than $20 billion. The company aims to trade on the Nasdaq Stock Market with the symbol LYFT by the end of this month.

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Deep Dive: An Automated Approach To The $2T Global Money Laundering Problem

PYMNTS

The term “money laundering” is believed to have originated as a result of infamous Chicago gangster Al Capone’s habit of channeling criminally obtained funds through laundromats, as their cash-heavy nature made it more difficult for the right side of the law to detect such money mixed in among legitimate payments. Money laundering has evolved greatly since Capone’s activities in the early 1900s, though, and it is becoming harder to combat.

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Report: Almost 95 Pct Of Bitcoin Trading Is Artificial

PYMNTS

After sharp drops in bitcoin prices, a new study posits that almost 95 percent of all reported bitcoin trading is made artificially via exchanges that are unregulated. Bitwise Asset Management analyzed 81 exchanges during a four-day period in March for its report, which suggests bitcoin’s true market may be much smaller than what was once believed, The Wall Street Journal reported.

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How QSRs Are Enhancing The Dining Experience With Digital Innovations

PYMNTS

To enhance diners’ experiences in quick-service restaurants (QSRs), managers are utilizing digital innovations, enabling everything from faster orders to more efficient kitchens. Overall, restaurant leaders have one goal: to make quick service even quicker. More than 70 percent of QSR managers see these as the main benefits of implementing technology, according to the PYMNTS Restaurant Readiness Index.

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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.