PYMNTS

OCTOBER 30, 2020

Maybe it’s a byproduct of that which shall not be named — by which we mean the pandemic — but PYMNTS’ Provider Rankings have been remarkably calm and unwavering throughout 2020, including our latest Provider Ranking of Personal Loan Apps , a category of intense interest. We’re not saying there are absolutely no changes, but few enough that we should be able to make short work of summing up the hottest personal loan apps out there.

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113

Withum

OCTOBER 30, 2020

133

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PYMNTS

OCTOBER 30, 2020

Digitizing documents is key to optimizing workflows, but when it comes to the procure-to-pay space, not all digital invoices and purchase orders are created equal. XML invoices, which digitize the data on the invoice, are only a fraction of total invoice volume. The rest come in a variety of formats, including PDF and, of course, paper. And just because a PDF may be technically an "electronic" format, it presents many of the same challenges as paper — i.e., the need for manual extraction and ent

Technology 110

Technology Start-ups Account accountant 110

Katz,Sapper&Miller

OCTOBER 30, 2020

The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP). Below are select ASUs that were recently issued.

accounting principles 52

accounting principles accounting standards financial accounting Account 52

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

OCTOBER 30, 2020

The great digital shift hits us where we live, literally. In an interview with Karen Webster, Khaled Naim , co-founder and CEO of Onfleet , which provides last-mile delivery management software to merchants, said year-over-year delivery volume has been surging amid the pandemic, with triple-digit increases in some segments, double-digit increases in others — and no signs of stopping.

B2B 94

B2B Retail Start-ups Maine 94

FraudFiles

OCTOBER 30, 2020

Charles Ponzi. How do you know if you’re considering investing in a Ponzi scheme? The promoters will never come out and tell you they are running a pyramid scheme, so the investors have to be smart enough to recognize them on their own. The good news is it is easy to spot a Ponzi scheme. Now I don’t mean that it’s easy to prove in a court of law that something is a Ponzi scheme.

Real Estate 52

Real Estate Legal Account accountant 52

RitaKeller

OCTOBER 30, 2020

“Great ideas emerges from useless fragments of thoughts.” – Michael Bassey Johnson. On Fridays, I often provide you with a flashback post – something I have written about before. Sometimes I save Fridays for random thoughts, ideas, and comments. Here’s a flashback post on an age-old topic – Getting Partners to Change. Now on to other stuff.

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accounting firms management accounting management accounts Account 40

PYMNTS

OCTOBER 30, 2020

"New government policies ultimately changed the way the majority of businesses interacted with customers, with new phrases like 'buy online, pick up in-store' becoming part of the nomenclature," says Andre Machicao, senior vice president of CyberSource, Visa. Here, Machicao explains how his firm helped clients protect themselves from escalating fraud risks with the COVID-triggered wave of CNP payments.

Government 89

Government 89

PYMNTS

OCTOBER 30, 2020

Ant Group indicated on Thursday (Oct. 29) that retail investors in mainland China made over $2.8 trillion of orders for their part of its offering, which is taking place in both Hong Kong and Shanghai at the same time, The Wall Street Journal reported. Individual investors in Hong Kong have rushed to purchase into the initial public offering (IPO), as they wager that Ant Group will spike in value following its public debut on Thursday (Nov. 5).

Retail 89

Retail Account accountant accounted 89

PYMNTS

OCTOBER 30, 2020

Sportswear giant Under Armour reported a third-quarter profit of $38.9 million, partly driven by a revenue jump of 19 percent in the footwear category, the company said in a statement on Friday (Oct. 30). The Baltimore-based chain also announced the sale of its MyFitnessPal workout platform to private-equity firm Francisco Partners. The deal is valued at up to $345 million.

Sales 87

Sales Maryland Start-ups Retail 87

Advertiser: Paycor

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PYMNTS

OCTOBER 30, 2020

Card-skimming devices hidden on gas station card readers or carefully integrated into ATMs used to be especially troubling for merchants and consumers, but retailers and financial institutions (FIs) have stepped up their measures to protect physical card readers in recent years. Those efforts have reduced the threat of fraud at physical payment terminals, but many consumers are now shifting to shopping digitally.

Retail 77

Retail Education Account accountant 77

PYMNTS

OCTOBER 30, 2020

After what’s felt like a drumbeat of bad news about rising COVID-19 caseloads and economic problems around the world, there’s finally been a few breaths of good news. U.S. and European gross domestic product are bouncing back, while U.S. consumer spending is improving as well. The Commerce Department reported Friday (Oct. 30) that U.S. personal consumption expenditures rose 1.4 percent in September, continuing a trend that began in the summer of Americans slowly spending more money.

Sports 76

Sports Gaming 76

PYMNTS

OCTOBER 30, 2020

Sam’s Club is teaming up with DoorDash to deliver same-day prescriptions across 41 states, the companies said in a statement on Friday (Oct. 30). Deliveries will be handled by DoorDash's white-label fulfillment platform, Drive. . “Our partnership with DoorDash to launch this new service allows us to not only give our members more convenient healthcare options, but also delivers on our commitment to their overall wellness needs,” said John McDowell , vice president, pharmacy operations and divisi

Pharmaceutical 72

Pharmaceutical Healthcare Retail 72

PYMNTS

OCTOBER 30, 2020

Stripe has grown its partnership with Mindbody to fuel advanced digital and brick-and-mortar experiences for wellness clients in North America and throughout Europe, according to an announcement emailed to PYMNTS. “As the global wellness industry goes through a seismic shift, fitness studios, spas and salons are adapting with technology to stay connected with their customers,” said Dan Chandre , SVP of payments at Mindbody.

Technology 72

Technology 72

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

OCTOBER 30, 2020

U.S. Judge Amit Mehta set a series of November deadlines in the antitrust lawsuit filed by the U.S. Justice Department (DOJ) against Alphabet’s Google, Reuters reported on Friday (Oct. 30). . The suit, filed Oct. 20 in the U.S. District Court for the District of Columbia, alleges that the search giant used its dominant position to stifle competition.

Washington 67

Washington Technology Government 67

PYMNTS

OCTOBER 30, 2020

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. We have deep dives on cloud technology, business-to-business (B2B) payments and Visa’s deal to acquire YellowPepper. News. Visa To Acquire YellowPepper To Expand Network Of Networks In LATAM. Visa has signed a deal to acquire YellowPepper, which works with upstarts in Latin America and the Caribbean.

B2B 64

B2B Technology Pharmaceutical Transportation 64

PYMNTS

OCTOBER 30, 2020

With $43.5 million in total funding raised, it was a relatively promising week for B2B FinTechs on the venture capital front. This week's roundup includes startups from the U.S., India and Brazil, with focuses ranging from business banking technology to food and grocery B2B eCommerce. PYMNTS rounds up the latest investments below. BizCapital. Brazil's BizCapital , a financial service provider for small- to medium-sized businesses (SMBs), secured $3 million in funding from Oikocredit, the company

B2B 64

B2B Technology Retail Finance 64

PYMNTS

OCTOBER 30, 2020

Nestlé has purchased Freshly in a deal that values the meal delivery platform at $950 million, with possible earnouts of as much as $550 million pursuant to the successful expansion of the business. The deal was inked and closed on Friday (Oct. 30), according to a press release. “Freshly is an innovative, fast-growing, food-tech startup, and adding them to the portfolio accelerates our ability to capitalize on the new realities in the U.S. food market and further positions Nestlé to win in the f

Sales 60

Sales 60

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

OCTOBER 30, 2020

In today’s top news, Mastercard reveals its AI tool Cyber Secure to help banks fight cyber breaches, and Amazon reported record-setting earnings. Likewise, Alphabet reported a strong Q3, thanks in large part to renewed consumer spend. Mastercard’s Cyber Secure Uses AI to Help Banks Fight Cyber Fraud. Mastercard has unveiled its artificial intelligence (AI)-fueled Cyber Secure tool suite, which lets banks evaluate cyber risk throughout their ecosystems and stop possible breaches from occurring.

B2B 59

B2B Technology Sales Retail 59

PYMNTS

OCTOBER 30, 2020

The demand for faster payments is ringing louder than ever during the economic downturn. Businesses need to maintain smooth revenue streams and are working hard to avoid being hit with painful late client payments or delayed access to their earnings while also ensuring their workers are paid promptly. Companies looking to accelerate their funding flows will find a variety of options available, but choosing the most appropriate solution is not always easy.

payroll 59

payroll B2B Start-ups Account 59

PYMNTS

OCTOBER 30, 2020

In today’s top payments news around the world, Indonesian wireless carrier Telekomunikasi Selular is considering a $150 million investment in Gojek convertible bonds, while Stripe has expanded its partnership with Mindbody. Plus, the Eurozone economy is rebounding against a backdrop of surging coronavirus cases. Indonesian Wireless Network Telkomsel Eyes Investing $150M in Gojek.

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PYMNTS

OCTOBER 30, 2020

In a move that will likely see a large rise in sales, Alibaba Group Holding Ltd will begin its Singles Day shopping event ahead of schedule in 2020, Reuters reported Friday (Oct. 30). This year’s mega event is being looked at as a way to measure how formidably consumer demand is rallying in China in the midst of indications that a rebound in household spending has begun widening.

Sales 56

Sales Retail 56

Advertiser: Paycor

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.

PYMNTS

OCTOBER 30, 2020

The Federal Reserve Board has modified the terms of the Main Street Lending Program (MSLP) to make it more obtainable for smaller businesses, according to a Fed statement on Friday (Oct. 30). Smaller businesses are financially struggling due to the pandemic and extended revenue shortfalls could affect the millions of workers they employ, the Fed said in announcing the new parameters.

Maine 53

Maine Hospitality Start-ups 53

PYMNTS

OCTOBER 30, 2020

Covering the cost of payments processing is an unavoidable expense, but many businesses can find themselves paying more than necessary. It is not uncommon for firms to try to mitigate processing costs by using only one payment service provider (PSP) in the hopes of limiting fees, but businesses that rely on just one PSP have less bargaining power to negotiate favorable contractual terms.

Technology 93

Technology Gaming Sales 93

PYMNTS

OCTOBER 30, 2020

Mastercard has unveiled its artificial intelligence (AI)-fueled Cyber Secure tool suite, which lets banks evaluate cyber risk throughout their ecosystems and stop possible breaches from occurring, according to a Friday (Oct. 30) announcement emailed to PYMNTS. Banks can discover and rank threats and vulnerabilities across their cyber environments with the help of the tool.

Retail 118

Retail 118

PYMNTS

OCTOBER 30, 2020

It will come as no surprise to many organizations that the financial health of supply chains the world over is deteriorating. Exacerbated by the coronavirus crisis, supply chain risk is on the rise as more businesses struggle to remain viable in a volatile market. "With the disruption of the market this year, there have been a lot of vendors struggling financially," said Taylor Allis , chief product officer at Avetta.

Maine 73

Maine B2B 73

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PYMNTS

OCTOBER 30, 2020

India’s telecom giant Reliance Jio topped 405 million subscribers in the third quarter and is now the first operator outside of China to cross the 400 million mark in a single-country market, according to a TechCrunch report on Friday (Oct. 30). The 10-month-old startup founded by Mukesh Ambani, India’s wealthiest man, posted a net increase in profits of 12.85 percent on a quarter-by-quarter basis, totaling Rs 2,844 crore for the quarter ending Sept. 30, according to the filing.

Technology 64

Technology Healthcare Gaming Retail 64