PYMNTS

AUGUST 2, 2019

Western Union ’s stock price was down in after hours trading, after missing on earnings but lodging a narrow beat on revenue. Adjusted earnings per share (EPS) came in at $0.45 per share, missing analyst consensus estimates of $0.48 per share. This compares to earnings of $0.46 per share a year ago. Net income of $614.8 million, or $1.42 a share, in the second quarter, compared with $217.6 million, or 47 cents a share, a year earlier.

Currencies 87

Currencies Restructuring CFO Planning 87

Jedox Finance

JULY 30, 2019

There has been a lot of talk about changing FP&A processes yet little real action in this area. Budgeting? How many do zero-based budgeting or pure beyond budgeting? Most are stuck doing the traditional one-year budget and five-year plan. Analysis? Wishful thinking. Are you doing what-if scenarios or Monte Carlo simulations or simply just plotting your data in a time series into a graph and showing it to your stakeholders?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Problem Solving 52

FPA Insider

JULY 28, 2019

I recently listened to a great episode of AFP Conversations, a podcast for corporate treasury and finance professionals. As a finance buff, I was eager to tune in to speaker Bryan Lapidus’ thoughts on FP&A and where it’s headed. Since most people don’t have 40 minutes to spare, I decided to outline my favorite highlights and talking points from the podcast.

Forecasting 52

Forecasting Budgeting Finance Leverage 52

PYMNTS

JULY 30, 2019

A former Amazon systems engineer working for Capital One is said to be the woman behind a breach that accessed the data of over 100 million people. Software engineer Paige Thompson, 33, allegedly boasted about the hack and left crumbs for investigators to follow, The New York Times reported. Thompson formerly worked for Amazon Web Services, which hosted the Capital One database that was breached.

Securities 87

Securities Numbers Banking Accounting 87

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PYMNTS

JULY 30, 2019

Global payments revenues are at an all-time high, and experts predict that they could even climb to be a $2 trillion industry by 2020. Cross-border payment revenues currently account for approximately $200 billion, a significant slice of the payments pie. Currently, there are 0.7 international transactions per capita every year, up from 0.5 in 2014.

Compliance 80

Compliance Banking Startups Securities 80

PYMNTS

JULY 28, 2019

Jack Ma ’s MYbank is aiming to change the way China lends to small businesses. The 4-year-old bank uses real-time payments data and a risk-management system that analyzes more than 3,000 variables to allow borrowers to apply for a loan on a smartphone and receive cash almost instantly if approved. The whole process takes three minutes. So far MYbank has lent 2 trillion yuan ($290 billion) to nearly 16 million small companies, with a default rate of only about 1 percent.

Banking 79

Banking Profit and Loss Construction Risk Management 79

PYMNTS

AUGUST 2, 2019

MoneyGram International posted results that missed top-line expectations, but beat at the bottom as restructuring efforts continued amid weakness within the company’s domestic money transfer business but growth in international corridors. In terms of headline numbers, adjusted earnings of 12 cents a share beat the Street by a nickel. Revenues of $323.8 million were down 13.6 percent year on year and missed the consensus by roughly $20.5 million.

Restructuring 78

Restructuring Currencies Numbers Marketing 78

PYMNTS

JULY 29, 2019

The common view about Africa – once found in recent PYMNTS coverage – is that the vast, varied and massively populated continent represents the next frontier for eCommerce. The middle-class and disposable incomes are growing in many African countries. Although consumers are still without formal access to traditional financial services, a growing number of them are closely tied to their mobiles phones, and all the commerce and payments opportunities offered by those devices.

eCommerce 77

eCommerce Foreign Exchange Accounting Retail 77

PYMNTS

JULY 31, 2019

Even in 2019, there persists this idea in the mainstream that invention stems from the epiphany and late-night toil of the solitary scientist. The image stems from about two or three centuries ago, when medieval superstitions were being seriously challenged by empirical thought, and the view has been reinforced countless times — even into the early 21st century if you look hard enough — by books, movies, TV shows and other methods of cultural communication.

Compliance 76

Compliance Communication Banking Investments 76

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Planning

PYMNTS

JULY 29, 2019

A company called Glint Pay has launched a debit card that’s backed by gold instead of currency, according to a report in The Denver Post. The company is London-based, and its U.S. office is in Boulder, Colorado. The card was released in the U.S. on Monday (July 29). Glint Pay was started by entrepreneur Jason Cozens. “We want gold to be considered like any other currency,” Cozens said.

Currencies 76

Currencies Banking Accounting Securities 76

PYMNTS

JULY 31, 2019

American Express has announced that it plans to acquire acompay, a digital payment automation platform, from ACOM Solutions. Acompay, which helps business customers make supplier payments, manage business spending, and improve cash flow, “will be the newest addition to a series of B2B payment collaborations, strengthening our accounts payable automation capabilities and equipping our customers with the tools they need to improve the way they process and settle supplier payments,” Anna Marr

Accounts Payable 76

Accounts Payable B2B Accounting Planning 76

PYMNTS

JULY 30, 2019

FinTech startup Flutterwave is teaming up with Alipay to offer digital payments between Alipay and African merchants. Founded in Nigeria, Flutterwave is a a payments API that makes it easier for banks and businesses to process payments across Africa. “We’ve managed to connect African countries…to each other, so it was about time we connected Africa to the world.

Foreign Exchange 76

Foreign Exchange Reconciliations Healthcare Education 76

PYMNTS

AUGUST 1, 2019

Global payment services firm Western Union is teaming with Canadian financial institution TD to offer a fast, convenient way for TD account-holders to send money around the world. Western Union said in a press release on Thursday (Aug. 1) that customers of one of Canada’s largest financial institutions can now send money cross-border from their personal TD Canada Trust accounts.

Currencies 76

Currencies Leverage Accounting Retail 76

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

JULY 31, 2019

Mastercard is collaborating with Bahrain’s Electronic Network for Financial Transactions ( BENEFIT ) to develop a blockchain-powered B2B payments solution, according to a press release Tuesday (July 30). Together, the firms are developing a platform to enable faster, more secure cross-border corporate payments that would allow companies to more seamlessly move funds to beneficiaries and banks to directly share payment data with each other without the need for intermediaries.

B2B 76

B2B Currencies Economics Securities 76

PYMNTS

JULY 30, 2019

In the art and science of reaching a consumer, some things never change. The gold standard of marketing is, was and ever shall be the same: Put the right product in front of the right consumer at the right time. Though much has changed in how that is done, that basic tenant remains the same. “Digital has created a really interesting opportunity to engage the customer throughout their journey and make it possible to use the services that will help them have a better experience all around,” Franci

Banking 76

Banking Leverage Technology Marketing 76

PYMNTS

JULY 31, 2019

In a move that enhances its global technology position serving merchants, banks and capital markets, FIS closed its acquisition of global payments firm Worldpay, Inc. The combined company will have over 55,000 employees and more than $12 billion in pro forma revenue, according to an announcement. FIS Chairman, President and CEO Gary Norcross said in the announcement, “This is an exciting day for FIS and Worldpay , and for the industry as a whole.

Leadership 76

Leadership eCommerce Banking Investments 76

PYMNTS

JULY 29, 2019

There are all kinds of skin care startups on the market that promise to deliver some kind of epidermal miracle, particularly on one’s face. Sometimes the secret is in the ingredient list, such as collagen that will fill in the wrinkles. Other times the magic is in the routine — K Beauty regimens, for example, aren’t just about using the right products, but using a long list of the right product in the right order multiple times a day.

Pharmaceutical 76

Pharmaceutical Advertising Manufacturing Startups 76

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Reconciliations

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. A press release issued Wednesday (July 31) said ISO 20022 has the potential to promote efficiency in the correspondent banking community and modernize cross-border transactions.

Reconciliations 76

Reconciliations Cash Management Invoicing Banking 76

PYMNTS

JULY 30, 2019

Not having enough money can be a very expensive — a genuine problem for the more than two-thirds of all American workers who report living paycheck to paycheck. Having a simple bank checking account costs an average a monthly maintenance fee of $13.58 or $163 a year. ATM fees, on the other hand, average around $4.66. Average overdraft fees are at $32.53, a slight decline year-on-year between 2017 and 2018, but still objectively high — and, statistically, more likely to affect low-income earners

Banking 76

Banking Accounting Investments Finance 76

PYMNTS

AUGUST 2, 2019

In a recently reported data breach, Poshmark said it recently learned that an unauthorized third party acquired data from some users. The fashion marketplace company said the information does not include physical addresses or financial data, according to a web post. The company said in the post, “We take the trust you have placed in us extremely seriously, and since learning of this incident, we’ve expanded our security measures even further.

Financial Data 76

Financial Data Securities Accounting Retail 76

PYMNTS

JULY 31, 2019

The Financial Conduct Authority (FCA) has issued updated guidance on the U.K.’s cryptocurrency market. The Block reported that the comprehensive overview is expected to follow FCA’s draft proposals released at the beginning of the year, which explained that “any token that is not a security token, or an eMoney token is unregulated.” That means that trading cryptos like bitcoin and ether only need to follow KYC rules and will not be under FCA scrutiny.

Securities 75

Securities Retail Sales Investments 75

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Accounting

PYMNTS

JULY 29, 2019

The big deal is now complete: Fiserv announced this morning (July 29) that it has completed its acquisition of First Data Corporation. The two massive firms first inked the deal earlier this year, which will see Fiserv purchase First Data for $22 billion in an all-stock transaction. At the time the transaction was announced, the companies said users would benefit from a “highly complementary combination” that offers a range of payments and financial services, spanning account processing and di

Mergers and Acquisitions (M&A) 74

Mergers and Acquisitions (M&A) Leadership Leverage Technology 74

PYMNTS

JULY 30, 2019

FinTech dLocal , which specializes in cross-border payments for emerging markets, has announced its expanded its payments network to include Indonesia, Ecuador and Bolivia. The company now supports more than 300 local payment methods in 15 emerging market countries, including the top five emerging markets in the world by population: Brazil, China, India, Indonesia and Mexico.

Marketing 73

Marketing Education Communication Banking 73

PYMNTS

JULY 29, 2019

Proposed regulations would give small businesses in California the nation’s most extensive set of truth-in-lending protections for small business borrowers. . The new rules were released on Monday (July 29) by the Department of Business Oversight (DBO) and seek to protect the state’s 4 million small businesses from predatory lending practices, according to a press release from the Responsible Business Lending Coalition (RBDL). .

Finance 72

Finance 72

PYMNTS

JULY 29, 2019

Ripple CEO Brad Garlinghouse and its Executive Chairman Chris Larsen penned an open letter to Congress regarding the regulations of cryptocurrencies. The letter states that a lot of companies in the space are “responsible actors” and that they pay attention, and adhere to, local and international law. Many companies believe they are serving the greater good.

Currencies 72

Currencies Economics Banking Technology 72

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