PYMNTS
OCTOBER 22, 2018
Fair Isaac, creator of the FICO credit score, will be rolling out a new scoring system in early 2019. According to the Wall Street Journal , the UltraFICO Score should help many consumers get approved for loans because it factors in how consumers manage the cash in their checking, savings and money-market accounts, which could serve as an indication of how likely they are to repay their debts.
PYMNTS
OCTOBER 18, 2018
Mastercard, the payments company, announced on Thursday (Oct. 18) that cardholder signatures will now be optional for the back of credit cards and receipts. In a press release , Mastercard said it is making the changes due to advancements in technology and security. “With modern, advanced forms of authentication now available, removing the requirement for signature capture at the point of sale and now signature panels on Mastercard cards is an important step in support of our digital evolution,”
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PYMNTS
OCTOBER 17, 2018
Visa announced today the commercial expansion of its Visa Token Service for “credential-on-file token requestors.” This expansion involves adding 20 acquirer gateway and technology partners as token requestors — including the likes of PayPal, Worldpay and Adyen — who can now, or soon will be able to, tokenize credential-on-file digital payments for their merchant and payment clients.
PYMNTS
OCTOBER 1, 2018
The end of this month, Oct. 31, 2018, will mark the 10th anniversary of the day that a link to a paper , authored by Satoshi Nakamoto , describing the digital currency called bitcoin was first publicly circulated. Jan. 3, 2019 will mark the 10th anniversary of the first bitcoin block that was mined by Satoshi, giving birth to the notion that a digitized, anonymized currency sent over a permission-less, distributed ledger could democratize how money would move between people and parties around th
Advertiser: Paycor
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PYMNTS
OCTOBER 18, 2018
The global regulatory framework of cryptocurrencies and blockchain remains either fragmented, vague or simply nonexistent. However, Swiss officials recently took steps to get ahead of the regulatory uncertainty surrounding the world of blockchain, focusing on a particularly large hurdle for companies in the industry. In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult
PYMNTS
OCTOBER 22, 2018
Connected devices — smartphones, tablets, voice-activated speakers, smartwatches, in-car dashboard systems — are changing how consumers in the U.S. buy and pay. Not just some consumers, but almost all of them. We have brand-new data that reveals how much change is happening. Using smartphones and apps to autopay at gas stations, or to find and pay for parking, or asking a voice-activated assistant on the other end of a speaker to order a pizza aren’t just what early adopters of cool, connected
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
OCTOBER 31, 2018
Questions loom large over Brexit. As the U.K. gears up to leave the European Union (EU), for commerce, there remains the unknowns of how trade will be affected, as well as how capital, goods and services can be tracked. Late this month, a study from Nexus found that across 200 businesses surveyed, more than half of large and mid-sized companies queried are looking to adopt blockchain in an effort to mitigate operational risks in the wake of Brexit.
PYMNTS
OCTOBER 10, 2018
Bitcoin miners have around $4.7 billion in revenue in 2018 — but because of the cost of electricity, miners are failing to make a profit. TheNextWeb , citing blockchain research firm Diar , reported that based on the data, this marks the first time cryptocurrency mining businesses aren’t making money off their bitcoin mining efforts. According to the report, as it stands, bitcoin miners make 54,000 BTC each month for processing the mining blocks.
PYMNTS
OCTOBER 29, 2018
Payments and commerce fraud has its own ecosystem, one that includes criminals, servers and other computing devices, IP addresses, compromised payment cards and stolen personal data, and even houses and other physical locations. The various parts come together to produce a nefarious whole, one that targets personal and payment data to enable product or identity theft , account takeovers and other illegal activities that, left unchecked, can ruin lives and take down companies.
PYMNTS
OCTOBER 26, 2018
Corporates across the Asia Pacific region are increasing their use of commercial card products, according to a new report from Citi. Reports in The Asset on Thursday (Oct. 25) said Citi’s Asia Pacific Commercial Cards Survey 2018 revealed businesses in the region are expanding their commercial card programs, as organizations shift away from legacy payment tools and use their cards for more spend categories, including procurement and meetings and events.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
PYMNTS
OCTOBER 21, 2018
The Financial Action Task Force (FATF) announced that it will get one step closer to creating international standards for cryptocurrency when it launches its first set of rules in June of 2019. According to Reuters , the Paris-based global AML watchdog revealed that jurisdictions around the world will be required to license or regulate cryptocurrency exchanges, as well as select firms providing encrypted wallets and firms providing financial services for ICOs.
PYMNTS
OCTOBER 11, 2018
A small test market could be ground zero for seismic changes in commerce and payments — and now possibly for cryptos. Consider Dubai, a city in the United Arab Emirates (UAE), home to 3 million souls. That’s a third of Manhattan’s population, if one is keeping score. It’s a self-proclaimed blockchain city. Dubai is gearing up for payments via digital coin through a concerted effort between the government and blockchain payments provider Pundi X , with hardware rolling out and a state-created cry
PYMNTS
OCTOBER 19, 2018
Internet hackers have pilfered $882 million of digital currency from crypto exchanges since last year, but one group in particular has netted roughly half that amount: Group-IB noted in a report that a North Korean hacking group, Lazarus, has taken $571 million through an analysis of 14 different attacks, The Next Web reported. In general, hackers turn to methods such as social engineering, malware and spear phishing to target digital currency exchanges.
PYMNTS
OCTOBER 15, 2018
In 2009, consumers first coined the term “Whole Paycheck” as a tongue-in-cheek way to describe the sticker shock many felt when looking at their receipts after a shopping trip to Whole Foods. Whole Foods is, of course, the organic grocery chain that Amazon bought for $13.7 billion in June 2017. In 2018, the term can now be more legitimately used to define the portion of consumer spend and overall retail sales Amazon now captures given the expansion of its ecosystem.
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
PYMNTS
OCTOBER 5, 2018
One of the new realities of augmented reality is this: the technology is attracting more investment from China than from sources in North America. This trend happens as activity around AR heats up, with major players in the digital economy apparently positioning themselves to profit as the retail-friendly tech move every closer to mainstream popularity.
PYMNTS
OCTOBER 10, 2018
Mastercard has been awarded a patent for a proposed blockchain system that would support multiple types of currency. According to Coindesk , the patent describes how a firm may need to store different types of transaction data on the same platform, which is difficult to do on a single blockchain. So Mastercard wants to implement a method to create a blockchain that enables different blocks that can store different types of information.
PYMNTS
OCTOBER 8, 2018
The latest rundown of small business (SMB) finance research uncovers key areas for improvement: Younger small business owners are more often relying on personal credit cards for business purchases, paper remains a staple in the finance department, and, while small business loan delinquency rates overall remain stable, research showed several industries in which they rose last month.
PYMNTS
OCTOBER 3, 2018
Crypto research site Diar claims that startups in the digital currency and blockchain space have notched roughly $3.9 billion in funding via venture capital (VC) investments, CoinDesk reported. The figure, which represents investments over the first, second and third quarters, marks a 280 percent jump from all of last year. In addition, the report noted that the average size of investments in the blockchain and crypto space rose by $1 million this year.
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
PYMNTS
OCTOBER 21, 2018
JPMorgan Chase is doubling down with its FinTech aspirations, gearing up to start development of a new FinTech corporate campus in the early part of 2019. CNBC reported that the campus in Palo Alto, California will be home to more than 1,000 employees. The campus will be located between Facebook and Google in the Stanford Research Park. JPMorgan Chief Executive Jamie Dimon views technology as a way to keep back the competition from FinTech startups that are luring over millennial customers in dr
PYMNTS
OCTOBER 11, 2018
Much has been said in recent weeks about Ripple and its digital XRP token, where trading has been nothing but volatile. In just over a week, the price has slipped 20 percent. Beyond that trading, noted Forbes , there has been speculation that banks would embrace Ripple to move money through cross-border conduits. In news that may be separated from the vagaries of cryptocurrency trading, Banco Santander said this week that it will use Ripple’s ledger, bringing payments across the bank’s OnePay FX
PYMNTS
OCTOBER 5, 2018
5G is coming. Now if we can just figure out what it’s good for. That’s a little bit unfair, but it does reflect some of the talk around the mobile connectivity standard. What types of business will it support? What will emerge as the “killer use case” for payments and commerce? As one observer put it: “The fifth generation of connectivity, pithily called 5G, will be ready for prime time later this year.
PYMNTS
OCTOBER 26, 2018
Ripple said that its revenues related to the sale of the digital asset known as XRP gained ground in the third quarter of this year, more than doubling over the second quarter (that is, sequentially). The company said in its third-quarter report on XRP markets that it sold $163.3 million in the latest period, up from the $75.5 million in the second quarter.
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
PYMNTS
OCTOBER 10, 2018
Michael Barlow has called several places home: He has moved five times in seven years and lived with different roommates. But through his experiences, he didn’t have the furnishings that he wanted. “I never actually bought nice furniture,” Barlow, CEO and co-founder of Fernish , told PYMNTS in an interview. “I never actually had an inspired home experience.”.
PYMNTS
OCTOBER 22, 2018
Tala, the consumer lending app in emerging markets, announced Monday (Oct. 22) a strategic investment from PayPal. In a press release , Tala said the undisclosed investment from PayPal will help the company bring visibility and access to underserved regions in emerging markets across the world. According to Tala, more than two-thirds of the adult population in the world has no formal credit record, which makes it hard for them to access traditional financial services.
PYMNTS
OCTOBER 26, 2018
Cybersecurity investment probably won’t let up anytime soon. Indeed, this week did see some cybersecurity funding action, with several big-name backers participating in the $85 million investment for Team8 , a venture studio that explores how corporate collaboration can develop better cybersecurity tools and businesses. This week, however, venture capital rounds were all about the small- and medium-sized business (SMBs), and how to address their biggest financial management pain points.
PYMNTS
OCTOBER 8, 2018
Amazon revealed that it has fired the employee responsible for sharing customer email addresses with an outside seller on its platform. According to the Wall Street Journal , the eCommerce giant said it had identified and fired the employee, and that no other customer data was disclosed. In addition, the seller who received the email addresses was blocked from selling on Amazon.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
PYMNTS
OCTOBER 15, 2018
When Maryland Attorney General (AG) Brian E. Frosh issued a warning to the state’s small business (SMB) owners last week, he shed light on the fact that, despite business owners’ rising focus on cyberattacks, some scammers continue to use legacy tactics to target their victims. AG Frosh’s warning pertained to a specific small-business cybersecurity threat.
PYMNTS
OCTOBER 29, 2018
As a result of the passage and adoption of open banking regulations, like PSD2 in Europe, banks and other financial firms are sharing data more freely than ever before. The greater availability of data gives financial institutions (FIs) and FinTech firms alike insight into customers’ behaviors, habits and preferences, allowing them to develop more effective tools, products and features.
PYMNTS
OCTOBER 8, 2018
B2B payments innovators and Warren Buffet have something in common: They are both obsessed with rails. Warren Buffet made rails sexy again when he bought a railroad in 2009. That was the year Buffett took a 77 percent stake in Burlington Northern — in what he described as a “bet on America” and its resilience in the aftermath of the Great Recession.
PYMNTS
OCTOBER 5, 2018
An Amazon of banking? That’s the description — perhaps clichéd but still apt — applied to FinTech firm Curve , which is on the hunt for $50 million in fresh capital, according to recent comments made by CEO Shachar Bialick to CNBC. The Amazon comparison came from Bialick, who also said that the three-year-old firm is looking to become more of a platform for services from various providers, explaining why it has not applied for a banking license.
Advertiser: Paycor
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