PYMNTS

JUNE 29, 2018

Beyond the vagaries of cryptocurrencies, the price swings and headlines, and the investigations and speculation, use cases emerge. If entranced by bitcoin’s ebbs and flows, one would be forgiven for being caught off guard (if they are, in fact, off guard) to find that a major bank is coming to market with a service backed by blockchain, which now is live and available — and can help make sure that funds cross borders with speed and surety.

Technology 83

Technology 83

Katz,Sapper&Miller

JUNE 29, 2018

Tim Cook and Katie Culp joined Gerry Dick on the most recent (i) on Economic Development to discuss Indianapolis’ large-scale, high-profile redevelopment projects, including what’s at stake and the potential economic impact.

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PYMNTS

JUNE 25, 2018

Marry tech and talent, then risk management can pay dividends, notes an upcoming PYMNTS webinar. However, for many financial services firms, RegTech’s (Regulatory Technology) potential is limited by any number of causes. The technical capabilities can be dizzying and dazzling, of course, spanning the gamut from machine learning to artificial intelligence (AI), to predictive modeling.

Technology 67

Technology Tax 67

PYMNTS

JUNE 27, 2018

Bank of America has been accused in a lawsuit of providing more than 100 accounts, used to carry out a $102 million Ponzi scheme. According to Bloomberg , the class-action suit, Heinert v. Bank of America, N.A., was filed in U.S. District Court, Middle District of Florida (Ocala) on behalf of people who lost money in the scheme. The suit follows a recent complaint by the U.S.

Florida 65

Florida Education Account accountant 65

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.

Account

PYMNTS

JUNE 27, 2018

The Bank of England caught the financial services world’s attention when its Governor, Mark Carney, spoke about the central bank’s latest initiative to revamp and rebuild its real-time gross settlement (RTGS) system. “RTGS is being rebuilt so that new private payment systems, including those using distributed ledger, can simply plug into our system,” he stated last week.

B2B 63

B2B Finance Technology Retail 63

PYMNTS

JUNE 25, 2018

My plan on Friday evening was to write a hard-hitting piece on a services segment with incredible marketplace friction. Then I went to Whole Foods on the North Shore of Boston Saturday morning to do some grocery shopping. There, right inside the front door, was a nice, young Whole Foods team member, who let me know that the store would soon be offering special discounts to Amazon Prime members who shopped there.

Retail 62

Retail Sales Maine Start-ups 62

PYMNTS

JUNE 25, 2018

From music royalties to airline vouchers, there are many reasons organizations may need to push payments to individuals in various amounts, currencies, forms and frequencies, including real time. For instance, say that a flight has been delayed and all its passengers will need accommodations for the night before catching the rescheduled flight in the morning.

Technology 60

Technology Start-ups Account accountant 60

PYMNTS

JUNE 29, 2018

As Airbnb builds up a larger profile in the travel space, the home share marketplace is eyeing an initial public offering (IPO). The company wants to be ready to go public on June 30 of next year and aims to have an IPO before 2020, according to reports. At the same time, Airbnb has also created a bonus program to offer employees cash bonuses in 2018 and 2019.

New York 60

New York Technology 60

PYMNTS

JUNE 26, 2018

American Express (Amex) and Amazon have teamed up to release a new commercial card product designed for small businesses (SMBs) buying on the Amazon platform. Announced today (Tuesday, June 26), the co-branded card for SMBs in the U.S. is the latest initiative in a multiyear partnership for American Express and Amazon, the firms said. The card solution will include integrated spend management features, enabling small firms to gain insight into purchasing activity.

Spend Management 59

Spend Management B2B Expense Management E-commerce 59

PYMNTS

JUNE 27, 2018

The age of intelligence has arrived — artificial intelligence (AI), that is. Industries of all shapes and sizes are looking to use the insights and capabilities offered by the emerging and evolving technology, and it’s now making an impact in the financial services space, too. The global market for AI and machine learning (ML)-enabled solutions is currently valued at $12 billion, per some recent projections , and set to be worth more than $57 billion by 2021.

Technology 59

Technology Gaming 59

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PYMNTS

JUNE 26, 2018

Ping Identity , an identity Defined Security company, announced news on Tuesday (June 26) of the acquisition of API cybersecurity provider Elastic Beam and the launch of PingIntelligence for APIs. In a press release , Ping Identity said the new artificial intelligence (AI)-powered tool brings an increased level of intelligence to how APIs are accessed and used, such as the ability to identify and block cyberattacks that target APIs to hurt data and systems.

Technology 55

Technology 55

PYMNTS

JUNE 27, 2018

Supply chains are globalizing even as rising protectionism threatens to place new challenges and barriers on those trade partnerships. Exposure to the risks of endless shifts of foreign exchange (FX) rates keeps executives on their toes: Deloitte recently found FX volatility to be the most common concern among surveyed corporate treasurers. Yet, understanding and developing a clear strategy for FX risk mitigation can be elusive, even for the largest firms.

Technology 53

Technology Manufacturing management accounting management accounts 53

PYMNTS

JUNE 25, 2018

SoftBank , the Japanese company, is gearing up to list its wireless carrier unit on the Tokyo Stock Exchange as soon as July. According to a report in the Nikkei Asian Review , the move is aimed at raising capital so it can continue on its path to become a technology investment company. The unit, which will have the SoftBank name, could debut on the Tokyo Stock Exchange by the end of the year with the parent listing a partial stake in the unit.

Retail 53

Retail Technology 53

PYMNTS

JUNE 26, 2018

Chase Pay is teaming up with Tock with customized culinary experiences in mind. The companies said on Tuesday (June 26) that through the initiative, Chase Pay will integrate with Tock’s restaurant booking system and will offer Chase cardholders access to everything from “chef’s tables to winery tours” and curated menus. Tock’s features span a reservation engine, table management and other organization features for restaurants.

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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

JUNE 23, 2018

National Selfie Day has passed into the history books once again. For those us who need a few days to let go of important holidays — warm emotions can take time to fade — perhaps a trip down memory lane will prove helpful, along with a look at where this nearly 200-year-old art form and increasingly important tool of commerce is leading us. The Debbie Downers among us denigrate selfies as a decadent expression of narcissism — the elevation of self-love over the common good, another sign of the c

Technology 52

Technology Washington Manufacturing Start-ups 52

PYMNTS

JUNE 26, 2018

Not exotic. Just another step on the path to make instant disbursements a standard way to pay at a time when the demand has never been greater. That’s how First Data ’s GM of Global Debit Solutions, Nandan Sheth , characterized the announcement last week that First Data and Mastercard had partnered so Mastercard business customers who use Mastercard Send could push real-time payments to debit cardholders using First Data’s Disburse-to-Debit solution.

Expense Reimbursements 52

Expense Reimbursements Government Gaming Tax 52

PYMNTS

JUNE 25, 2018

The world’s startups are having a good year. In the first quarter of this year, KPMG said in a recent report that there were five $1 billion-plus mega-venture capital rounds, and analysts say venture capitalists (VCs) are diversifying their investment targets as emerging focuses, from artificial intelligence (AI) to healthcare, build excitement.

Expense Management 52

Expense Management auditor Healthcare accounting and finance 52

PYMNTS

JUNE 27, 2018

What does offering top-notch customer experience mean in the digital age? As recent research from PYMNTS reveals, the most innovative FIs know that providing exceptional service to their consumer base comes down to focusing on three key components: user experience, digital technology and data analytics. Consumers expect digital banking products that are easy to use and help improve the management of their finances.

Finance 51

Finance Technology Maine 51

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

Technology

PYMNTS

JUNE 28, 2018

Soccer is a contact sport, but fans are using contactless payments at one of the sport’s most famous events: Approximately 17 percent of purchases with Visa in the World Cup’s 11 Russian host cities, for example, used contactless payment technology with devices such as smartphones, bracelets and rings. However, the share of contactless payments inside the stadiums hit 54 percent — made by fans from Russia and other countries.

Sports 51

Sports Technology 51

PYMNTS

JUNE 29, 2018

The first class action lawsuit against Exactis has been filed in response to the company’s massive data breach that exposed the private information of more than 200 million U.S. consumers and 110 million business contacts. The marketing and data aggregation firm was the subject of a data breach in which customer information ended up on the internet for hackers or anyone else to view.

Florida 50

Florida Government Account accountant 50

PYMNTS

JUNE 26, 2018

Cybersecurity was once seen as purely a matter of technology, but more and more, security experts are bundling issues such as personal privacy, politics, business, ethics and risk into the package. A recent report by Black Hat on the current state of cybersecurity shows how the concerns, attitudes and plans of top security pros are adapting to keep pace with evolving threats.

Technology 50

Technology Healthcare Government 50

PYMNTS

JUNE 25, 2018

JD.com ‘s annual 618 Shopping Festival was a big success for the Chinese eCommerce player, raking in $24.6 billion, according to new data from Coresight Research. In a report , Coresight Research said that the shopping festival, which ran from June 1 through June 18, saw a year-over-year increase of 37 percent. Mobile phones, PCs, air conditioners, digital products, and food and beverages were the leading categories.

Finance 49

Finance Sales Retail 49

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PYMNTS

JUNE 29, 2018

The U.K. retains the spotlight when it comes to the fight against late supplier payments, but the market isn’t the only one in which vendors struggle to get paid on time. North America has its own late payments problem, new research shows, and the data suggests it’s getting worse — despite a strengthening economy, particularly in the U.S. “It is interesting that in a healthy, growing economy, bad debt continues to plague the B2B markets,” said David Huey, president and re

B2B 49

B2B Technology Sales accounts payable 49

PYMNTS

JUNE 29, 2018

When Ticketmaster U.K. disclosed it had suffered a data breach, the company also revealed the cause of the cybersecurity incident: a third-party vendor. As the latest breach to hit a major, global conglomerate, the attack on Ticketmaster highlights the growing threat of cyber-weaknesses down a company’s supply chain. Ticketmaster revealed this week that Inbenta Technologies, which provides Ticketmaster a customer support software solution, had malicious software in its product.

Technology 49

Technology B2B 49

PYMNTS

JUNE 26, 2018

Payroll and human capital management (HCM) firm ADP is networking with its partners to enhance the industry with artificial intelligence (AI) and machine learning. The company said in a press release on Monday (June 25) that it held its second annual Datathon at ADP event, which included more than 40 of its partners and innovators to collaborate on how to leverage AI and machine learning.

payroll 49

payroll Education Technology Account 49

PYMNTS

JUNE 26, 2018

Even in the digital payments world (and as more people travel more often, sometimes working freelance gigs along their journeys), the concept of home remains strong. That is providing opportunity to firms that facilitate temporary work and its wages. Peter Shore, general manager of payments services firm Transpay , and Guillermo Bracciaforte, co-founder of online freelance marketplace Workana , recently spoke with PYMNTS about the payment preferences of gig workers and making gig economy payment

Maine 49

Maine Account accountant accounted 49

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PYMNTS

JUNE 27, 2018

As banks continue on their paths to implementing The Clearing House’s Real-Time Payments (RTP) rail, financial services firm FIS wants to ease friction of the adoption process. The company announced news on Tuesday (June 26) that it has developed a new tool for financial institutions to automate RTP testing before the service goes live for customers.

B2B 49

B2B 49

PYMNTS

JUNE 26, 2018

Australia’s crackdown of the banking sector continues, this time with regulators’ latest probe into financial institutions’ (FIs) lending practices with small farmers. The inquiry begins this week, according to Reuters reports on Monday (June 25), and was announced the same day Commonwealth Bank of Australia (CBA) said it would spin off its wealth management and mortgage brokerage operations in a massive de-merger, Bloomberg said.

Agriculture 49

Agriculture Sales B2B 49

PYMNTS

JUNE 28, 2018

What do Charlotte, NC, and Salt Lake City, Utah, have in common? A lot, if you ask AvidXchange CEO Michael Praeger — which is why the startup saw both locations as a great home base for operations in those respective parts of the country: Charlotte for the East Coast and now Salt Lake City for the West. After four years of growing its presence in the Salt Lake region, AvidXchange has moved into a new facility — part of a $35 million investment it’s making in growing its office in the region.

Utah 48

Utah Real Estate Construction Sales 48

PYMNTS

JUNE 27, 2018

Pepper, a robot developed by SoftBank and robotics firm Aldebaran, is entering the retail banking market with the robot’s debut at HSBC ’s main bank branch in New York City. According to a report in Digital Trends , Pepper, which is a 120-centimeter tall robot that can recognize faces and emotions, respond via voice or on an embedded tablet and can be programmed with data so that it can perform specific tasks, will demonstrate to customers of HSBC a bit of what the future will bring.

Maine 48

Maine New York Retail 48

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