March, 2016

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Mobile Helps Boost Subscription Box Sites By 3,000 Percent

PYMNTS

We’ve known that subscription box sites were on the rise, but new data showing the particular numbers in that regard is nonetheless impressive. EMarketer reports that, according to a recent study from Hitwise, visits to subscription box sites (online subscription retail services like BarkBox , Birchbox and Dollar Shave Club , which, on a monthly basis, provide their members with goods delivered quite literally in a box) in the United States have increased by nearly 3,000 percent in the pas

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Google Goes ‘Hands Free’ For Mobile Payments

PYMNTS

We’ve said it before and we will say it again — when it comes to mobile payments, there’s no one-size-fits-all solution, any more than there is one-size-fits-all payment method. But what is clear is that the mobile solution that will ultimately garner the critical mass needed to ignite it will solve a problem for a consumer. Paying in a store hasn’t ever really been much of a problem – until EMV, anyway — so convincing consumers that it was better for them to pull out their phone and tap at some

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Blockchain Supply Chain Network Makes Its Debut

PYMNTS

The blockchain has been considered a possible means to overhaul an array of aspects in B2B payments, including cross-border and smart documentation. One company wants to use the technology for supply chain management, including payments and invoicing, and, late last week, rolled out its solution to do so. Fluent said Friday (March 11) that it is debuting the Fluent Network, a blockchain-based software platform for cross-border B2B trade aimed at the businesses and financial institutions that pla

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Loan Company Employee Got $400K From Stolen Identities

PYMNTS

A loan company employee has pleaded guilty to stealing identities of several customers and fraudulently seeking $400,000 in tax returns. According to court documents , Montgomery, Alabama resident Wendy Huff, who worked at two different insurance companies between January 2013 and August 2015, stole personal information of her employers’ customers, including their names, social security numbers and dates of birth.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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The Coming Apps-ocalypse

PYMNTS

In the early days of the smartphone, apps came upon consumers like tiny technological miracles sent from heaven to make their lives easier. “There’s an app for that” was more than a marketing pitch. For a short time, it became something of a lifestyle movement for consumers enamored of their one-tap access to everything. The love affair, however dizzying, was relatively short-lived as consumers began to realize two things simultaneously.

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PayPal’s Schulman Joins Obama’s Cuba Delegation

PYMNTS

By any stretch, President Barack Obama’s trip to Cuba is a historic event. After all, he is the first United States president to visit the tiny nation, so long a U.S. adversary, in roughly 90 years. Obama has reopened the U.S. embassy there and has also paved the path for commercial airline flights to begin to that nation. Mail will go back and forth between the two countries.

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Don’t Fear The Rise Of The Machines

PYMNTS

Payment fraud evolves in ways that are truly frightening — and with haste. Fraudsters are continually scrambling to keep up with, and have one foot in front of, technology, with recent stumbling blocks in the form of EMV, in the United States, likely to give rise to greater card-not-present fraud. But the would-be payments criminals have potent weaponry at hand, including ever faster, ever more powerful and ever cheaper computing power, and they have been targeting, according to data science fir

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For Banks, A Lesson On Blockchain From The Age Of Internet Startups

PYMNTS

The whispers have grown to loud chatter when it comes to blockchain technology and the impact it might have on the financial services sector. What once may not have been taken seriously — cryptocurrencies and futuristic payments — is today exploding as the innovation financial institutions are targeting for investments, largely hoping to get a jump on the blockchain before disruption takes a bite out of their traditional business.

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The Fastest Path To Faster Payments In The US

PYMNTS

The path to faster payments in the U.S. doesn’t have to be paved with a 500+ person task force analyzing what the world would look like if we were starting from a clean sheet of paper, competing propositions for who’s going to build and operate a new set of rails, or even what sort of spiffy software can make existing rails faster. Instead, we could do something right away — or almost right away — that would make payments between consumers and businesses faster.

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China $1.1T eCommerce Market On Horizon

PYMNTS

While some Asian country economies may be slowing down, the health of the online retail markets across the continent is booming. According to a recent report from Forrester, as reported on by ZDNet , total eCommerce revenue for China, Japan, South Korea, India and Australia is projected to nearly double in the next five years, from $733 billion in 2014 to $1.4 trillion by 2020.

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Planning Your Restaurant's Path to Profitability

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.

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Malware Strikes Merchants Behind The EMV Curve

PYMNTS

Cybersecurity firm FireEye warns of the dangers that custom-built malware poses to retailers due to its ability to capture payment card details directly from retail point-of-sale (POS) systems. In an article posted to its research blog on Monday (March 28), FireEye warned about the POS malware called TREASUREHUNT that it said is designed to enumerate running processes, extract payment card data from memory and then transmit the stolen information to a command and control server.

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A Closer Look At Ripple’s Money-Saving Claims

PYMNTS

Blockchain proponents say the disruptive technology is worth the onboarding process. Among one of the loudest of these blockchain champions is Ripple, a FinTech firm that has recently secured millions of dollars in investments and strategic partnerships aimed at promoting blockchain technology’s use for traditionally friction-rich areas, like cross-border payments and real-time payments.

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How Lipstick Plus Payments Equals The Internet of Things

PYMNTS

Let’s go back for a minute to the year 1999. It was just about a decade years after Tim Berners-Lee gave people the ability to actually use the Internet via World Wide Web. 171 million of the 6 billion humans on the planet were using the Internet. And 51 percent of CEOs said that the Internet probably wouldn’t have a big impact on their business.

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FBI Wants Businesses To Help With Ransomware Probe

PYMNTS

As the FBI works to combat a specific type of ransomware virus, it is calling on businesses and software security experts for emergency assistance in its investigation. Over the weekend, Reuters obtained a confidential “Flash” advisory from the FBI: “We need your help!” The particular strain of ransomware the FBI is fighting is known as MSIL/Samas.A and is being used by hackers for extortion.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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Wielding Cuddle Power To Affect Retail

PYMNTS

An inherent truth of the retail industry — that consumers, at the end of the day, wield the ultimate power in determining what products and companies succeed — can even be applied to entire business models. Pet retail is, by and large, in no danger of slowing down any time soon, given that consumers’ affection for cuddly companions (and not-so-objectively-cuddly ones, like fish and reptiles) translated into a $17.5 billion business worldwide as of last year.

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SMBs On Payment Technology: What’s In It For Me?

PYMNTS

Small and medium businesses (SMBs) are the backbone of the American economy. They account for almost half of payroll (48%) and have created about 60% of new jobs since 2009. Given the rapid growth of technology solutions that can help these businesses thrive, not to mention get an edge with their customers, PYMNTS.com and Sage set out to measure the rate of adoption of these technologies for SMBs across the U.S.

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TGI Fridays, Fast Casual Food To Cater To Millennial Expectations

PYMNTS

Every generation has to eat, but every generation doesn’t have to eat the same way. Whole Foods and other retailers capitalizing on the at-home health food craze were able to get out in front of millennial eating trends — or, at least, start riding at the crest of the wave. Fast casual restaurants weren’t so prescient, though, and now, cracks are appearing in one of the Baby Boomer generation’s most enduring retail trends.

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The Force Behind Connected Commerce

PYMNTS

Cars that can find cheap gas, a table for 2 at a restaurant nearby and advance order milk, cereal and paper towels for a quick pick up on the way home are no longer a wild and crazy idea never to see the light of day. Software and applications are eating commerce. Well, to be precise, enabling it in ways that are limited only by the imaginations of the innovators who see ways to tuck commerce into the places where consumers and businesses meet to do business.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Bitcoin Payments Go NFC

PYMNTS

“There exists a bizarre gap in today’s state of financial services.” That’s the philosophy of Shake, a new startup in the bitcoin world that is (unsurprisingly) trying to pitch a payment method that doesn’t involve banks, governments or regulators. Instead, its latest product rollout is all about making bitcoin and digital currency payments easier to make.

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Why Are Half Of Millennials Still Using Print Coupons?

PYMNTS

First, video killed the radio star. Then, CDs, MP3s and the iPod caused the death of their predecessors. From the 1990s to the mid-2000s, it seemed like the future of music was directly headed for increasingly smaller players in increasingly intangible formats. But just when the last iPods started giving way to entirely online streaming services, millennial audiophiles suddenly fell back in love with vinyl records — a music format they never even knew growing up.

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Starbucks Adding Prepaid To Boost Loyalty

PYMNTS

Starbucks isn’t quite done tinkering with its rewards program. Following the news last month that the coffee giant will, beginning in April, revamp its loyalty program so that it rewards customers with “stars” (AKA points) based on dollar amount spent rather than per transaction (a change that was met with a mixed response from consumers), The New York Times reports that Starbucks is also going to offer a prepaid card that will provide customers with another way to earn stars.

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Pop-Up Shops Show The Flexibility Consumers Want

PYMNTS

A decade ago, Etsy was the only way that some small-scale crafts makers and artisans could participate in the eCommerce world. Now, however, the pop-up shop is quickly enshrining itself as the preferred way for emerging brands to bring their wares quickly and efficiently to market. The New York Times has the story of how several brands with small-to-nonexistent physical footprints are using the phenomenon of the pop-up shop to make big waves in areas only traditional retail proved able to until

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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Seven Ways Mobile Pay Made News In The US — And Cuba

PYMNTS

The world of mobile payments news this week started out in the one region of the world that doesn’t often make much news when it comes to what U.S. companies are doing in mobile commerce: Cuba. And everyone wanted in. Which brought about news from some of the biggest players in mobile payments, like Xoom, PayPal and Western Union. Beyond that, there was also plenty of news (and stats) that broke from the mobile pay bigwigs, like Apple, Google and Alibaba.

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Can Real-Time Data Streamline Customer Acquisitions?

PYMNTS

While successfully onboarding customers is critical to many organizations, the process of finding and attaining these potential customers, along with the cost, isn’t always easy. The approval process itself can be prone to a variety of different friction points, but even with an efficient approach there is always the risk of unknowingly approving bad or fraudulent customers.

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Blockchain’s Next Trillion-Dollar Market

PYMNTS

The march toward bringing blockchain to new applications and services continues. As The Wall Street Journal reported Tuesday (March 29), Depository Trust & Clearing Corp. (DTCC), which WSJ said is “at the center of Wall Street’s trading infrastructure” and which settles trades in various financial markets, is looking to see if blockchain can be used in conjunction with the repo market, which is worth about $2.6 trillion.

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Are Marketing Emails Overwhelming Customers?

PYMNTS

Is there a limit to how many marketing emails customers will put up with? According to a new study, the answer is very much yes. EMarketer shares the recently released results of a survey conducted by First Insight, which, in Nov. 2015, polled 1,112 Internet users in the United States regarding their perspectives on emails they receive from retailers. “Too many” appears to equate with five or more marketing emails per week, with two-thirds of the respondents to the First Insight surv

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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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Amazon Eyes Pay-By-Selfie Tech

PYMNTS

The biometrics bug has caught Amazon. A new patent application from the eCommerce giant shows that Amazon wants to make its one-click buying option a little tech savvier. In this particular case, Amazon’s patent plans show that it is after launching an option that allows consumers to authenticate their purchase with a picture or video of themselves to make a payment instead of entering a password.

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Are Buyable Pins Working For Pinterest?

PYMNTS

Social media has a basic business model problem. It is good at drawing in eyeballs, but turning eyeballs into dollars isn’t always so easy — unless one has a truly unfathomable number of eyeballs to call a base (like Google or Facebook) so as to make advertising an extremely lucrative enterprise. Pinterest since its inception has found itself square in those cross-hairs — a popular place to hang out on the Web, and certainly the inspiration for many random acts of commerce — but one standa

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How Citi’s New Costco Card Stacks Up

PYMNTS

Costco’s customers will soon have their Citi co-branded credit card in hand. Citi announced late last week that the cards would begin shipping in order to replace the American Express cards that will end as part of the relationship between Amex and Costco ending over the next few months after a 16-year relationship. Dubbed the Costco Anywhere card, Citigroup said cardholders do not need to do anything special to have the card arrive.

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Why AP Automation Needs Much More Than Data Capture

PYMNTS

Corporations of all sizes are on their own path to digitizing business processes. But, according to enterprise content capture firm Top Image Systems, mid-market firms — those with less than $1 billion in annual turnover — are in a league of their own when it comes to digitization. These companies, explained Top Image Systems Chief Technology Officer Carsten Nelk and Chief Marketing Officer Andrew Pery, are ditching on-premise enterprise resource planning (ERP) systems in droves.

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Recruit and Retain New Blue-Collar Talent

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.