PYMNTS
APRIL 22, 2019
Visa introduced a platform on Monday morning (April 22), complete with beta application programming interfaces (APIs), that will allow issuers and issuer processors to build and test new products. The company said the platform is available for the company’s clients and partners through Visa Next, a website billed as a “new destination” for glimpsing and using new solutions in the payment giant’s ongoing pipeline.
Katz,Sapper&Miller
APRIL 26, 2019
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PYMNTS
APRIL 23, 2019
The idea started in the B2C world, but it wasn’t long before online sellers were asking about its use for B2B — at least, according to Chris Tsai, co-founder and CEO of Resolve , in a new PYMNTS interview. Resolve, a B2B payment services firm that spun off from Affirm , provides point-of-sale (POS) financing to consumers via retailers, including Walmart.
PYMNTS
APRIL 25, 2019
Back in the golden olden days of print newspapers, bad guys would regularly read the obituaries, then craft a plan to break into houses and steal valuable items during the wake or funeral. But like most analog businesses, this criminal model has gone digital. Today, the internet makes discovering and then executing creative ideas not much more than a mouse click away — which makes exploiting death for the purposes of identity fraud easy, too.
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
APRIL 24, 2019
Petroleum exploration company PTT Exploration and Production (PTTEP), Thailand’s largest corporation, is collaborating with blockchain firm Ripple to integrate its technology for cross-border transactions. Reports in Ripple Coin News on Tuesday (April 23) said PTTEP and Siam Commercial Bank (SCB) are joining Ripple to accelerate cross-border transactions for PTTEP.
PYMNTS
APRIL 22, 2019
Bitcoin, through the lightning network, will soon be available as an option to pay on Amazon and other eCommerce sites, according to reports. Cryptocurrency payment processing company Moon said any e-wallet that is lightning-enabled can also be used through the company’s browser extension. Moon previously allowed about 250 beta users to use crypto on eCommerce sites by connecting them through exchange accounts like Coinbase. “(The extension) will pop up a QR code and it will have the light
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
APRIL 23, 2019
In technology, especially when it comes to consumer-focused technology, Apple is viewed as a disruptive force. Tick down the list of offerings spanning decades (the Mac, the iPhone, the iPod, iTunes, the iOS operating system/ecosystem), and one can find that the ways we communicate, listen, stream and, indeed, interact with technology have all shifted.
PYMNTS
APRIL 21, 2019
JPMorgan Chase is planning to expand its use of blockchain technology to improve the banking industry’s payment system, as well as get FinTechs to experiment on developing the platform. The platform allows banks to quickly resolve compliance issues that can delay payments by weeks. Last year, more than 75 of the world’s biggest banks became members of the Interbank Information Network ( IIN ) to fight off threats from payment startups.
PYMNTS
APRIL 24, 2019
Wirecard , the German financial company, and Japan’s SoftBank Group announced Wednesday (April 24) a deal in which SoftBank will invest about EUR 900 million in Wirecard. In a press release , the companies said the investment will come via a convertible bond mechanism. On Tuesday (April 23) Bloomberg reported a deal between the two was imminent. Wirecard said under the deal it will issue convertible bonds to SoftBank with terms of five years.
PYMNTS
APRIL 25, 2019
For a lot of businesses, “advanced age verification” isn’t really all that advanced. Instead, the industry standard is a pop-up window that says something to the effect of, “You must be 18/21 to enter this site. Check Yes if you are 18.”. “Business owners seem to think that a pop-up is enough — that checking a box is the same thing as providing heightened age verification,” Matt Fields, VP of AgeChecker.Net , told PYMNTS in a recent conversation.
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PYMNTS
APRIL 26, 2019
The story of artificial intelligence to this point – at least when it comes to financial institutions – is arguably more about failure than success, even as the promise of the technology continues to grow. But success cannot come without stumbles, and as Akli Adjaoute, CEO of Brighterion (a Mastercard company) discusses with Karen Webster, the lessons learned by AI failure – and how those shortcomings and mistakes could lead to future gains in customer service, fraud prevention and revenue g
PYMNTS
APRIL 21, 2019
Venmo, the digital payments company, is reportedly considering launching credit cards as a way to profit from its large customer base. According to a report in The Wall Street Journal citing people familiar with the matter, executives at the company have been having talks with banks since the end of 2018 about issuing a Venmo-branded credit card. Venmo, which is owned by PayPal, is reportedly settling on Synchrony Financial to issue the Venmo credit card.
PYMNTS
APRIL 25, 2019
In Asia, news came this week that petroleum firm PTT Exploration and Production (PTTEP), the biggest company in the country, is linking with Ripple , with an eye on cross-border transactions. As reported , PTTEP and Siam Commercial Bank (SCB), in conjunction with Ripple, will use the latter’s system for the first time in a B2B format. SCB had been the first commercial institution to use the RippleNet “multi-hop” functionality to settle payments for other financial institutions (FIs) on that netw
PYMNTS
APRIL 26, 2019
A P2P (peer-to-peer) technology ingrained in millions of IoT ( Internet of Things ) devices, including security cameras, smart doorbells, baby monitors and video recorders, has many security flaws that allow them to be compromised easily, exposing users to dangers from eavesdropping, credential theft and takeovers from remote locations. KrebsOnSecurity reported the dangers are involved with iLnkP2P, a Chinese software from Shenzhen Yunni Technology. iLnkP2P, which is designed to allow device own
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
APRIL 26, 2019
The Indian government has drafted a bill that would ban cryptocurrencies and attempt to regulate any official digital money, according to reports. . The proposed bill is appropriately called the “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019,” and the draft has been distributed to various different government departments.
PYMNTS
APRIL 21, 2019
Uber announced late last week that it landed a $1 billion investment from Toyota, DENSO and the SoftBank Vision Fund. On Twitter , Uber Chief Executive Dara Khosrowshahi announced the investment, saying the companies are jointly working toward “the future of mobility.” In a press relase , the companies said they are investing $1 billion in Uber Technologies’ Advanced Technologies Group or Uber ATG.
PYMNTS
APRIL 24, 2019
The sharing economy is butting against regulatory challenges. As the number of sharing economy participants grows worldwide, governments and regulatory bodies are starting to ask more questions. Regulators want to have a greater stake in the way sharing platforms operate. Many of these regulators also now expect sharing and payment services to comply with shifting data regulations, like GDPR.
PYMNTS
APRIL 26, 2019
Citigroup ’s Global Head of Payments and Receivables Manish Kohli is relying on technology to increase its payment business. “Our strategy has to be very simple,” Kohli told his team recently , as he laid out his mission to ensure that the payments industry keeps up with the pace of technology development. “Our strategy has to be to help our clients succeed in the digital age and help them disrupt, rather than be disrupted.”.
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
APRIL 26, 2019
It was a slow week for B2B FinTech funding rounds, but investors nevertheless provided an impressive sum to industry startups. In total, more than $107 million was raised, with investors targeting the small business (SMB) back office, lending and B2B payments. Interestingly, U.S. B2B FinTech firms were noticeably absent from this week’s roundup, with funding targets instead based in India, Brazil, Spain and the U.K.
PYMNTS
APRIL 23, 2019
Allied Irish Banks (AIB) and First Data have teamed up to buy a majority stake in card payment company Payzone for 100 million euros ($113 million), according to a news release. Carlyle Cardinal Ireland sold the stake and Arma Partners served as an adviser. “Payzone is one of Ireland’s largest providers of payment solutions, with its technology allowing both large and small Irish businesses to accept payments online, in store, on the road and over the phone,” Arma said in the release.
PYMNTS
APRIL 26, 2019
The end of a busy week provides a chance to catch up on the biggest news from the world of digital payments and commerce – news, trackers and even fun stories you may have missed. Welcome to the PYMNTS Weekender. We hope you enjoy. Top Stories. Visa’s Next ‘Digital-First’ Act. Visa’s newest APIs will help those within the Visa ecosystem to create digital cards on demand and add digital services.
PYMNTS
APRIL 25, 2019
Footwear giant Nike has submitted an application to trademark the term “cryptokicks,” according to reports. The application was filed on April 19, and in it the company also describes a potential digital currency, and how it would be used online. It also talks about an online marketplace for shoes and clothes, and “a website featuring technology that enables users to mine, earn, purchase, receive by any other means, store, and transfer blockchain-based tokens, coins, cryptocurrencies, and other
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PYMNTS
APRIL 22, 2019
Recess, a CBD-infused sparkling water company, has announced that it will be available on Uber Eats for delivery to customers in New York City, according to a report by Adweek. The announcement was made on Instagram by the drink company with a post that named UberEats as an “app someone made to deliver Recess and McDonald’s.”. The company offers three flavors, and the drinks come in a six-can or a three-can sampler, and the products cost between $16.50 and $30.
PYMNTS
APRIL 24, 2019
April is Financial Literacy Month , a congressionally-backed effort to educate Americans about healthy financial practices and habits. Consumers tend to overestimate their financial literacy, according to a survey by research provider Raddon ; 44 percent said they were “very” or “extremely” literate, but when given a financial quiz only 6 percent scored an “A.
PYMNTS
APRIL 25, 2019
Intuit’s QuickBooks is introducing a new feature designed to accelerate payments and cash flow for small businesses. In a press release today (April 25), Intuit announced a new capability for QuickBooks to support Next Day ACH payments for small to medium-sized businesses (SMBs), an addition to QuickBooks’ range of services that enable stronger cash flow for users, according to Intuit Business Leader for QuickBooks Payments and Capital, Rania Succar. “With the addition of Next
PYMNTS
APRIL 23, 2019
To become more agile and squeeze out costs in the age of online shopping, shipping and logistics conglomerate UPS is turning to automation. The move comes as the firm is adjusting to the rise of deliveries for eCommerce, Bloomberg reported. UPS Network Planning Tools Initiative Program Manager Rob Papetti said, according to the outlet, “It’s not a typical one-time project.
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PYMNTS
APRIL 25, 2019
A report has revealed that Samsung is planning to develop its own proprietary blockchain network, as well as launch its own cryptocurrency token. Citing a source who is “familiar with Samsung’s internal situation,” CoinDesk Korea reported that the South Korean company’s blockchain task force is working on an ethereum-based blockchain network. However, the project is currently in the “internal experimental” stage.
PYMNTS
APRIL 24, 2019
The news out of Chipotle feels a bit like déjà vu, as it’s a story we’ve all heard before. Reports have appeared all over social media, particularly via Reddit and Twitter , about Chipotle user accounts being pirated, with hundreds of dollars’ worth of food ordered to customer cards that those customers never saw. In many cases, according to reports, the delivery addresses on the fraudulent orders were to states different from the home addresses on the accounts.
PYMNTS
APRIL 24, 2019
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a payment messaging firm, has chosen Javier Pérez-Tasso as its new chief executive officer, according to a press release. Pérez-Tasso has been part of SWIFT’s executive team for seven years, and he is currently the company’s chief executive of the Americas and U.K. region. He will begin his new assignment on July 1, replacing Gottfried Leibbrandt , who announced last December that he would be stepping down effective at the
PYMNTS
APRIL 25, 2019
To provide a more enjoyable shopping experience and control costs, Walmart is testing ways to digitize its brick-and-mortar stores. The retailer is officially opening its Intelligent Retail Lab at a Long Island Neighborhood Market grocery store location, the Associated Press reported. Through the digital efforts, ceiling cameras and shelf sensors will enable workers to fix problems and restock items efficiently.
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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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