PYMNTS
JULY 5, 2017
The Hive Project, a company that uses cryptocurrency and Ethereum blockchain for trade financing , has launched its platform. The company announced Friday (June 30) that its portal is up and running to link SMEs to trade financing by turning unpaid invoices into tradable assets. Every invoice is assigned a unique fingerprint, the firm said, by tokenizing each bill and linking them onto the blockchain.
PYMNTS
JULY 6, 2017
API technology is opening new doors for the world of financial services, a trend that cultivates cooperation and collaboration between FinTechs and banks, once considered competitors. With the speed of payments accelerating and Same Day ACH initiatives continuing to roll out, NACHA has pulled together a group of industry experts to explore API standardization as a way to facilitate faster payment speeds and greater transaction security, among other use cases.
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PYMNTS
JULY 6, 2017
The world’s not ready for the Internet of Things (IoT). Oh, consumers are excited, and they have embraced connected commerce with both thumbs — and their voice. People have embraced smart technology such as the Apple Watch, Amazon Echo, Fitbit and even connected scales and blood pressure monitors by Withings. PYMNTS’ study in collaboration with Visa, “ How We Will Pay ,” quantifies just how many people are on board.
PYMNTS
JULY 7, 2017
While there are many reasons why small merchants should be able to take digital and online payments — including better conversion rates, wider exposure to a bigger audience and better data about consumers — Dusty Gomez, SMB product leader at Vantiv , says it all comes down to one main idea: The consumer lifestyle is evolving to a point where customers are constantly on the go.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
PYMNTS
JULY 7, 2017
One bottle of your finest Amazon reserve label wine, please? This is now a reality for the eCommerce giant as it rolls into the winemaking realm. The Next Wines brand of wines has been specifically developed by private label vineyard King Vintners on behalf of Amazon. Currently, Next Wines is offering up three bottles, which include the 2016 Willamette Valley Pinot Gris, 2014 Columbia Valley Red Blend and 2015 Oregon Pinot Noir.
PYMNTS
JULY 4, 2017
The speed of cryptocurrency is a lure in terms of getting transactions done. So is the security. The price, at least for Bitcoin? Not so much — not anymore. As The Wall Street Journal reports , while Bitcoin’s initial design may have been predicated on cheapness, the status quo has changed when it comes to transactions. In fact, the attendant costs of buying and selling the digital currency have risen so much, they are proving rather controversial.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
JULY 7, 2017
Cyberattacks are never welcomed by any piece of technology. Late last month, reports surfaced of a “massive cyberattack” originating in Europe and quickly spreading to major corporations across the globe. According to Bloomberg reports on June 27, the attack was similar to WannaCry, first targeting Russia and the Ukraine, with more than 80 businesses were affected.
PYMNTS
JULY 6, 2017
U.K. startup Previse, an artificial intelligence (AI)-powered invoice financing platform, has announced new seed funding. Recent reports said Previse raised $2.58 million in funding from Hambro Perks, which led the round, as well as Founders Factory. Previse uses artificial intelligence and Big Data to assess the likelihood a company will pay its invoices, then provides that assessment to financiers through its platform.
PYMNTS
JULY 5, 2017
The Federal Reserve made news late last week when it released its newest data on consumer and business payment habits, assessed via data from 2015 compiled in 2016. According to Fed researchers, there were some significant changes in corporate payments activity between 2000 an 2015. The report, published Friday (June 30), found businesses wrote an average of 24.1 checks a month in 2015, down from an average of 66 per month in 2000.
PYMNTS
JULY 1, 2017
In just a few days, Americans will both settle into the swing of summer and celebrate the 241st anniversary of the day the Founding Fathers declared the 13 colonies would be known as the United States of America, complete with an official Declaration of Independence. Not surprisingly, the British did not initially agree, and though six years of fighting their soon-to-be former colonists did not persuade them those colonists had the right to leave the British Empire, it did convince them it wasn’
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PYMNTS
JULY 5, 2017
Friction is something that I talk and write about a lot. Its abundance in payments and commerce is what inspires innovators to challenge a friction-filled status quo and create something new. But friction can also be what sidelines those who set out to eliminate one friction, only to create newer, more onerous ones in the process. I’m sure all of you have your favorite examples of those — and I’ve written about many of them.
PYMNTS
JULY 5, 2017
Amazon continues to make strides in its innovative eCommerce business. The retail giant has shared news that it will be opening a robotics-based warehouse in South Florida in 2018. The 850,000-square-foot facility will be staffed by robots, with 1,000 human workers handling operations. In addition to its Miami-Dade locations, this new warehouse project comprises one of the largest warehouses south of the city of Tampa.
PYMNTS
JULY 6, 2017
While the eCommerce frontrunner is taking further steps into solidifying its position, Amazon is getting a run for its money. In this edition of Today in Data, we look at Walmart’s rising marketplace numbers alongside Amazon’s Christmas in July offers and significant India investment. Here are the numbers: 92 million | Number of unique visitors per month for Walmart’s Marketplace. 69 percent | Growth of total gross merchandise sales by Walmart after its 2016 marketplace tech vendor partnership
PYMNTS
JULY 4, 2017
The headlines during the penultimate week of June in The Washington Post regarding the Seattle minimum wage increase might have been a bit confusing to the casual observer. On June 20, the news trumpeted that minimum wage was not killing jobs. Five days later, headlines stated it was possible boosting minimum wage jobs was making life worse for the working class , followed two days by an article noting the program was working just as intended.
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.
PYMNTS
JULY 5, 2017
In April 2016, IT solutions company Cisco Systems and car manufacturer Hyundai Motor Company entered into a connected car partnership. With a shared goal of moving toward marketplace proactivity in terms of fulfilling customer demand, the partnership will allow the companies to cater to — and possibly even shape — drivers’ desires before they arise.
PYMNTS
JULY 5, 2017
Innovation is both genesis and lifeblood for companies, especially within the payments space. Finding new ways to transact here, there, everywhere and at any time can both satisfy a consumer need and a profitable provider niche, but as our latest Commander in Chief installment with Applause CEO Doron Reuveni explores, agility is key. PYMNTS: How would you define Applause’s approach to innovation?
PYMNTS
JULY 7, 2017
Generation Z are the next up-and-coming group of shoppers who retailers are turning to for the future of retail. Yes, those born between 1994 and 2002 are starting to push millennials over in terms of shaping commerce and eCommerce trends. Get ready, retailers. The buying power of Gen Z comes out to $44 billion, according to an IBM and National Retail Federation study.
PYMNTS
JULY 7, 2017
Big changes are coming to the faster payments landscape. But don’t worry about blinking and missing them, because these changes are going to stick around for a while and have the potential to make a long-lasting impact on how money is exchanged. The July PYMNTS.com Faster Payments Tracker™, powered by NACHA, highlights notable developments from across the faster payments landscape, including the debut of Early Warning System’s Zelle Network and how P2P payments could soon be distributed using v
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
PYMNTS
JULY 5, 2017
Dealmaking in the United Kingdom may be getting a boost in the wake of Brexit and in the wake of the fall in the pound. In the payments arena, Worldpay may be the beneficiary of both currency moves and strategic intent from some of its U.S. peers, eyed as a takeout target in a world where digital payments are gaining traction. U.S. multinational banking and financial services holding company JPMorgan Chase has reportedly made an early-stage bid for the acquisition of U.K. payment company Worldpa
PYMNTS
JULY 7, 2017
Corporate travel company Sabre suffered a cybersecurity incident, first revealed in May, and this week the firm provided an update on the situation. In an announcement Thursday (July 6), Sabre said it is working directly with certain clients and partners using Sabre Hospitality Solutions’ SynXis Central Reservations System, the target of an apparent breach.
PYMNTS
JULY 7, 2017
After Amazon’s $13.7-billion acquisition of Whole Foods, others in the grocery industry saw their shares slide. One company that’s escaping the Amazon fray is Costco Wholesale Corp. as the company just shared its same-store sales for the month of June, which surpassed expectations. Following the news of the wholesaler’s increased year-over-year sales for June, its shares rose 2.1 percent to $161.35.
PYMNTS
JULY 2, 2017
Visa, the credit card company, and Interswitch, Africa’s integrated payments and transaction solutions company, announced news on Friday (June 30) that they will partner to accelerate mobile payments adoption across the region. In a press release, the companies said the partnership will see Visa and Interswitch upgrade the digital banking applications of leading banks to include mVisa, as well as enable more merchants to accept mVisa payments.
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PYMNTS
JULY 3, 2017
Loyalty programs are about more than loyalty. Now they are about personalization and speed and giving back to consumers that go well beyond the confines of luggage or other tangible goodies. In our latest Topic TBD, Bob Legters, SVP and chief product officer of Global Retail Payments at FIS , told Karen Webster that the big picture of loyalty amid a changing retail landscape is colored by small considerations, calibrations, speed and, of course, data.
PYMNTS
JULY 7, 2017
Veem, the B2B payments company formerly known as Align Commerce, is partnering with QuickBooks as the accounting software company looks to integrate payment capabilities for its SME users. Reports Thursday (July 6) said Veem is integrating its cross-border wire payment capabilities into QuickBooks so SMEs can pay supplier invoices from within the. “Part of Veem’s mission is to support the network of small businesses that help prop up the global economy,” said Veem CEO and founder Marwan Forzley
PYMNTS
JULY 5, 2017
Picture this: a customer walks into a café. The barista recognizes her face and asks if she’d like the usual. No need to go through the “double venti wet cappuccino with soy and four pumps of pumpkin spice” rigmarole; the barista knows the order by heart and even recommends products that would go well with the customer’s order. Also, the barista is a computer.
PYMNTS
JULY 4, 2017
Hackers are on the lookout for new ways to attack, and now it looks like developing nations may be a favored conduit. As noted by The New York Times , some sophisticated attacks are surfacing, and they show bells and whistles such as artificial intelligence. In one example, malicious software is being traced to India, where once it would have been more readily housed in the United States.
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PYMNTS
JULY 3, 2017
Summer might mean vacation for you, but for travel agents, it’s crunch time, adding volume to what can already be a very delicate equation. Even in the quiet seasons, the online travel market is susceptible to the trade winds, and they don’t always blow in agents’ favor. It can be buffeted dramatically by shifts in the global economy, emerging technologies and even factors as arbitrary as the weather.
PYMNTS
JULY 2, 2017
Fandango is celebrating the addition of Android Pay at checkout with a special discount for moviegoers this month. According to news from 9to5Google , Google regularly works with partners to offer up deals for Android Pay users, such as first free delivery or discounts on their orders, as an incentive to use the service. This month, Fandango and Google are offering a promo code that gives anyone using Android Pay a $3 discount on any movie ticket(s) — just in time to catch some of this summe
PYMNTS
JULY 7, 2017
Experts are saying that the complexity and scale of the latest global cyberattack point to a hostile government, not a criminal group, as the originator of the attack. And many of them have an educated guess about who it was: Russia. On June 27, the hostile software — dubbed “NotPetya” after initial reports misidentified it as the ransomware Petya — crippled organizations in more than 60 countries and in every possible vertical, from banks and shipping providers in the Ukraine to U.S. pharmaceu
PYMNTS
JULY 6, 2017
With the vast number of bankruptcy filings and department store closure announcements over the past year, it’s safe to say the retail industry has taken a hit in the digital age. As the retail revolution continues to undergo its transition in today’s eCommerce-driven era, shopping malls are getting the brunt of the financial impact. Big box retailers like Macy’s and Sears are closing at various locations, and mall owners are filling their voids with expensive upgrades.
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"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.
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