PYMNTS

JULY 10, 2017

In eCommerce news: The tug-of-war game just got a bit tighter, and Amazon may be in the crosshairs. Walmart’s Jet.com is helping to push the envelope with its new “ try before you buy ” approach. Approximately 300,000 online product samplings and exclusive offers will be included in monthly eCommerce packages. Through this new promotional effort, Jet.com is hoping to enhance its customer engagement process and is likely to continue to increase its status as a tier one eCommerce company.

Gaming 87

Gaming E-commerce 87

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.

Finance 86

Finance Technology Sales B2B 86

PYMNTS

JULY 13, 2017

The digital retail revolution is well underway. Fusing technology into in-store experiences has officially gone mainstream, and retailers are looking for ways to go beyond the traditional mobile app. As we’ve reported in the past, places like Sephora have installed various tablets with embedded augmented reality (AR) features to help customers pick and choose what makeup shades look best on their skin tone.

Retail 85

Retail Technology Sales Account 85

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.

Technology 79

Technology Account accountant accounted 79

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PYMNTS

JULY 25, 2017

Technological advances are pushing the boundaries for what’s possible in a variety of industries. Within the retail industry specifically, artificial intelligence (AI) is moving the ball for a lot of merchants looking to not only streamline their business operations but provide a more personalized experience for consumers. Stemming from AI, machine learning is helping technology move at a swifter rate, and as more people bring their shopping needs into the online world, it’s likely that machine

Maine 78

Maine Retail Manufacturing Technology 78

PYMNTS

JULY 28, 2017

Automation has come to several industries. From manufacturing to customer service, there have been several parts of today’s workforce that have been automated by some form of smart technology. One in four Americans are currently at risk of having their jobs automated, according to a research paper from Ball State University, “ How Vulnerable are American Communities to Automation, Trade, and Urbanization?

Retail 71

Retail Technology Manufacturing Start-ups 71

PYMNTS

JULY 11, 2017

Searching for a different kind of lodging or the perfectly priced graphic designer to help give a startup the right look? These days, the best place to look may just be on an online platform. The July PYMNTS Payments Powering Platforms Tracker™ , powered by WePay, features a roundup of last month’s headlines on how payments are powering new businesses in industries from freelancing to financing, and everything in between.

Education 64

Education Finance Maine 64

PYMNTS

JULY 20, 2017

Innovation foundation Nesta has announced the 20 FinTechs chosen to compete for a $6.5 million prize as the company looks to boost innovation in the small business banking space. As part of its Open Up Challenge, announced in February, Nesta called for FinTechs that are using APIs to disrupt small business banking. The 20 chosen companies will compete for the prize money used to develop next-generation services and apps for U.K. small businesses, Nesta explained, adding that each of the 20 firms

Technology 62

Technology Gaming Retail Account 62

PYMNTS

JULY 26, 2017

A new company is launching in India to support accounts receivable and invoice management for businesses. Announcing its rollout on Tuesday (July 25), PayBee said it is looking to digitize the B2B payments process to help companies enhance cash flow management. The company said it integrates with existing accounting, ERP and distribution management solutions already in place within business clients.

B2B 61

B2B accounting and finance Finance Retail 61

PYMNTS

JULY 20, 2017

A group of six multinational corporations in Switzerland is urging banks around the world to join SWIFT’s gpi initiative, news reports said Wednesday (July 19). ABB, Nestle, SBB and others reportedly sent an open letter to banks promoting their support for SWIFT’s gpi (global payments innovation) initiative and urging those FIs to take part in exploring how to improve cross-border payment processes.

B2B 59

B2B 59

Speaker: James Kahler, COO of Full Course

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PYMNTS

JULY 19, 2017

Mastercard is expanding its QR-based programs to create greater choice in retail mobile payments. The company today announced news of its plans to offer QR codes for scan by customers and merchants, building on its QR efforts in India, Thailand, the Middle East and Africa, as well as its collaborations with industry players to create new global QR standards.

Retail 59

Retail Technology Sales 59

PYMNTS

JULY 20, 2017

Cryptocurrency Ethereum price has jumped more than 50 percent, recovering from losses over the last several days. According to a report , not only did the cryptocurrency that competes against bitcoin have its biggest percent gain during the past 24 hours, but it also had double the volume of bitcoin. The report noted that as of Wednesday (July 19) there is a $10-billion difference between the market caps of bitcoin and Ethereum, and if the prices for Ether continue to increase Ether will be a re

Maine 59

Maine Government Technology 59

PYMNTS

JULY 24, 2017

The cashless payments movement has a calendar attached to it, at least in China. Cashless Week in China is little more than a week away — running Aug. 1 through Aug. 8 — as Ant Financial Services Group announced earlier this year. The cash-free week will see the firm encouraging China to embrace digital payments, an offshoot of the company’s goal to make China as cashless as possible in five years — using Alipay as a springboard, of course.

Management Consulting 59

Management Consulting Transportation Retail Account 59

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.

Education 58

Education Maine E-commerce Technology 58

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

JULY 18, 2017

Turns out millennials are not the different-kind-of-banking-breed some had thought. It also turns out the much-vaunted social media generation is less inclined to use social media than you’d think. In a survey held from the end of June into early July and conducted by SurveyMonkey , the web-based survey firm queried more than 1,000 adults above the age of 18, 290 of which were defined as 18- to 34-year-olds: millennials.

accounting and finance 57

accounting and finance Account accountant accounted 57

PYMNTS

JULY 21, 2017

Think long and hard about the last time you carried physical cash or a business asked for cash only as a payment. While there are still some retailers today that have either a cash-only policy or still take cash, most consumers do not typically carry it on them. Just three years ago, The Washington Post reported eight out of 10 people carried less than $50 in their wallets on a regular basis, according to research from Bankrate.com.

E-commerce 57

E-commerce Washington Finance Retail 57

PYMNTS

JULY 28, 2017

Beauty is and always has been one of humanity’s favorite topics. English poet Thomas Overbury famously observed that it is only skin deep, while Irish poet Margaret Wolfe Hungerford noted that it is “in the eye of beholder.” And while no one knows who exactly originated the phrase “beauty is pain,” it is quoted widely and liberally in salons, shoe stores and bridal salons nationwide.

Maine 56

Maine Account accountant accounted 56

PYMNTS

JULY 26, 2017

USA Technologies, the payment technology service provider of integrated cashless and mobile transactions in the self-service retail market, announced news Tuesday (July 25) of the closing of its underwritten public offering of 9,583,332 shares of its common stock at a public offering price of $4.50 per share. In a press release, the company said the foregoing included the full exercise of the underwriters’ option to purchase 1,249,999 additional shares from USA Technologies (USAT).

Entertainment 55

Entertainment Technology Retail 55

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Technology

PYMNTS

JULY 19, 2017

Alternative lending has shifted from a competitor of traditional FIs to a collaborator, often lending a digital hand to banks in need of upgrading their systems to provide faster, more agile financing to SMEs. A new report from the state-backed British Business Bank (BBB), however, suggests alternative lenders are becoming an increasingly important part of its operations in a different way, highlighting how the lines between alternative finance (AltFin) and traditional finance continue to blur.

Finance 55

Finance Government B2B 55

PYMNTS

JULY 21, 2017

Connecting with consumers has seen a significant change over the course of the past few decades. No longer are retailers working with marketers to figure out a way to mass market products and services. With the advent of connected devices in the palm of almost every consumer’s hand, the retail ecosystem has certainly seen a shift. Retailers are working hard to not only adjust but also enhance the approach to securing and maintaining sales.

Retail 54

Retail Sales 54

PYMNTS

JULY 26, 2017

EML Payments is integrating its virtual payment capabilities into the accounts payable solutions offered by Mize Houser as the two look to help companies replace paper checks in B2B payments with virtual or ACH. Mize Houser provides accounting and AP solutions to franchisee owners; according to an announcement Tuesday (July 25), the company will begin offering those clients virtual payment capabilities to pay suppliers using EML Payments technology.

accounts payable 54

accounts payable B2B CPA Account 54

PYMNTS

JULY 13, 2017

Working in the ATM business can be dangerous. From potentially getting robbed when reloading the ATM with money to installing the heavy machine, it’s possible to sustain severe injuries. However, it’s being reported out of Corpus Christi, Texas, that a repair man accidentally locked himself inside an ATM he was working on. The room located behind the machine that allows workers to repair it was the place where the man was stuck.

Texas 54

Texas 54

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Finance

PYMNTS

JULY 27, 2017

Bitcoin has seen its fair share of ups and downs over the past year when it comes to both stock price and mainstream adoption. While the cryptocurrency is struggling to gain traction, there’s been talk brewing of a rival bitcoin being developed to compete against it. Reasons for the new bitcoin competitor stem from many believing it’s not where it should be at this point in time.

Start-ups 54

Start-ups 54

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.

Oregon 53

Oregon Retail E-commerce 53

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.

Retail 53

Retail 53

PYMNTS

JULY 21, 2017

Mobile payments company PayPal made two big announcements on Thursday (July 20): that it is teaming up with JPMorgan Chase to further expand its mobile payment services, and that it is expanding its partnership with Citi to include loyalty rewards. In a blog post yesterday, PayPal said the deal with JPMorgan Chase will drive increased choice, flexibility and value for their joint customers, as well as enable the company to make further inroads into physical stores.

Technology 52

Technology Account accountant accounted 52

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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.

cpa firm

PYMNTS

JULY 5, 2017

For a chief financial officer (CFO), having technology — from ERP systems to cloud accounting and cash forecasting tools — has become paramount when deploying a successful growth strategy. But come reporting time, many of these solutions still aren’t replacing spreadsheets and can’t capture key information behind the data , according to Wouter Born, chief technology officer of software firm CXO Solutions.

Technology 52

Technology audit accounting and finance Maine 52

PYMNTS

JULY 20, 2017

India’s Axis Bank, which has strengthened its position in the global corporate banking and payments space, is offering a new service to SME clients. An announcement Wednesday (July 19) said Axis is rolling out Invoicemart, a digital invoice discounting platform for small businesses. The bank said its first set of transactions on the platform has already been successfully completed.

Government 52

Government Finance B2B Gaming 52

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.

Sales 52

Sales Technology 52

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.

Finance 52

Finance B2B Technology 52

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