July, 2016

article thumbnail

Meet YoCoin: The Bitcoin Alternative

PYMNTS

There’s another digital currency in town, and its name is YoCoin. The question is: Can YoCoin give bitcoin a run for its money? We’ll have to wait and see. But YoCoin is pitching itself as a “new cryptocurrency with mainstream appeal.” “Unlike most of the alternative cryptocurrencies, YoCoin is a decentralized, peer-to-peer digital currency based on the Scrypt mining algorithm, making it far more accessible than bitcoin is when it comes to mining.

73
article thumbnail

With Blockchain, It’s Time For Less Talking, More Doing

PYMNTS

ATB Financial just completed the sending of a payment from its home base of Canada to a bank in Germany in 20 seconds via blockchain. Admittedly, most consumers, says SAP Senior Principal of Financial Services Kris Hansen, would simply shrug at this accomplishment. But, he said, they’re missing the point. The bank first announced the payment last week, an effort completed with the collaboration between ATB Financial, SAP and blockchain fintech company Ripple.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Visa And PayPal Partner To Accelerate Digital Payments

PYMNTS

Visa and PayPal today (July 21) announced a strategic partnership that will combine the power of the largest payments network in the world with the largest digital payments network in the world to give consumers more choice about how they pay when using their PayPal accounts. According to a release that was issued by PayPal announcing the deal, “the partnership puts PayPal and Visa on a new path with the companies working more collaboratively to accelerate the adoption of safe, reliable and conv

Account 60
article thumbnail

Philippines-Based Bitcoin Remittance App Enters US Market

PYMNTS

Abra , the bitcoin remittance app, has made its way to the U.S. — via the iPhone and Android app options. What that means is that Abra customers in the U.S. or the Philippines can send money to each other using the app’s digital wallet that works with their bank accounts. The company noted in its release that this is the first move in helping it expand globally.

Account 57
article thumbnail

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

article thumbnail

Ransomware Attacks Targeted At Businesses On The Rise

PYMNTS

Ransomware may have started with consumers, but attacks against businesses and large organizations are on the rise, according to Symantec ’s Ransomware and Businesses 2016 report. The security software company said that, while individuals accounted for 57 percent of the recorded ransomware attacks in 2015, attacks on companies and larger organizations increased at the end of the year.

article thumbnail

Is New Extreme Value Grocery Store Latest Biz Disruptor?

PYMNTS

Will discount grocery stores like ALDI, Costco and Sam’s Club soon be facing some serious competition? Well, that’s what LogicLane , a new startup that offers discount wholesale groceries on its eCommerce marketplace, is certainly hoping. LogicLane recently opened its online marketplace to consumers and businesses after first beta testing it with an invitation-only period and can now connect customers to everything from a box of cereal to an entire pallet of cases of cereal boxes (the company is

More Trending

article thumbnail

iPayYou Launches Pay-by-Twitter Bitcoin P2P Service

PYMNTS

Bitcoin may be a preferred method of payment for a slew of tech-savvy people, but it has yet to take off with the masses, or even micro-masses. iPayYou, the bitcoin wallet, is aiming to change that with a new service launched today (July 14). Dubbed Pay-by-Twitter, iPayYou is the first bitcoin wallet that enables Twitter’s 310 million monthly active users to make peer-to-peer payments over Twitter.

article thumbnail

How Big Banks Are Staying In The Mobile Payments Race

PYMNTS

Big companies like PayPal have been dominating the digital payments world for many years. And then came Apple, along with the other tech companies, like Google and Samsung. And for years, banks have caught flack for not offering digital and mobile payments options that are up to snuff with what the tech giants have brought to market. Now, however, big banks are dusting off their old-fashioned ways and getting up to speed.

50
article thumbnail

Can AI Take The Guesswork Out Of Beer Brewing?

PYMNTS

Will the wonders of artificial intelligence ever cease? In the last decade or so, artificial intelligence has been increasing at a dramatic clip, and software developers and programmers have developed AIs that can do everything from beating a world class chess champion to diagnosing medical conditions to moving and stacking heavy objects on a factory floor.

Retail 49
article thumbnail

Why Paris Has A Heart For FinTech

PYMNTS

In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we find ourselves back in Europe, where Brexit is all anyone can talk about. But we are heading to France, where the country’s capital city is making a name for itself as a booming tech center. Before we jump into the post, here are a few quick facts about Paris and its tech scene: Paris has an estimated population of 2,241,346.

article thumbnail

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.

article thumbnail

Millennials Are So Last Year: Study Says Retailers Need To Start Thinking About Gen Z

PYMNTS

Move over millennials , there’s a new kid in town that is about to become nearer and dearer to retailers’ hearts: Gen Z. Gen-Z shoppers, defined as those between the age of 14 and 19, are about to become the most coveted demographic in all of retail, according to a study entitled “The Next Generation of Retail” by retail marketing firm Interactions.

Retail 48
article thumbnail

Say Hello To ‘The Internet of Loyalty’

PYMNTS

Who isn’t familiar with rewards programs that incentivize consumers to become more eager c ustomers? But one company has devised a rewards program that aims to go even further. Gregory Simon, CEO of “The Internet of Loyalty” platform provider, Loyyal Corporation, recently checked in with Karen Webster to discuss the company’s work with the Dubai government on the Dubai points program — a tourism incentive program that is expected to roll out in August 2016.

article thumbnail

Stub Hub Pushes Closer To Primary Ticketing Platform Status With The Acquisition of Ticket Utils

PYMNTS

It looks like StubHub is getting an upgrade – care of parent company eBay’s latest acquisition. eBay has snatched up Ticket Utils , a firm that specializes in the software that manages ticket distribution to multiple services. That technology will now be folded into StubHub – though StubHub was already integrated into the system.

article thumbnail

Who’ll Be The ‘Netflix’ Of Payments?

PYMNTS

If you’re like most people, at some point over the weekend, you probably watched something on Netflix. Eighty-one million people consume more than 100 million hours of programming every day via this wildly popular app. I am one of those 81 million people who, this month, is hooked on the drama of the Rayburn family in “ Bloodline.” That Danny Rayburn is one bad dude.

article thumbnail

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.

article thumbnail

The Unlikely Retail Applications Of Pokémon GO

PYMNTS

For years, retailers have lamented the fact that mobile traffic so rarely translates in equal numbers to in-store traffic. An entire industry has even sprung up around leveraging digital engagement into visits to brick-and-mortar store fronts. Retailers spend millions — and would gladly spend millions more — if there was some sure-fire way to turn consumers’ phones into magnets that pull toward their stores.

Retail 47
article thumbnail

Is Sun Care The Next Big Thing In Retail?

PYMNTS

Your mother was right: You should always wear sunscreen. And it’s an axiom that the American Academy of Dermatology (AAD) keeps repeating over and over again as a way to ward off skin cancer, including melanoma, the deadliest form of skin cancer. According to its website, the AAD says that one in every five Americans will develop some form of skin cancer in their lifetime.

Retail 47
article thumbnail

A Roadie For Everyone

PYMNTS

When the average person confronts broken bathroom tiles, they can be expected to go through something like the five stages of grief described by Elizabeth Kubler-Ross: denial, anger, bargaining, depression and acceptance. The important part is that the average person gets to that last phase, acceptance, and resigns themselves to ordering new tiles and hoping for a better outcome.

Oregon 47
article thumbnail

Masterpass Gets Connected — And Contextual

PYMNTS

Mastercard CIO Ed McLaughlin was often heard describing mastercard’s vision for commerce as one that would take it anywhere the consumer wanted to take it, including “to any connected device on the edge of the network.”. Today, we’re seeing that vision made reality. Network giant mastercard said on Thursday (July 14) that it is enhancing its digital payments service, masterpass, and making it available across a number of commerce channels and devices in an effort to bring true omnichannel shoppi

Account 46
article thumbnail

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

article thumbnail

Venezuela Turns To Bitcoin As Inflation Skyrockets

PYMNTS

The search for inflation hedges and stability of purchasing power in a world of hyperinflation has led some in Venezuela to turn to the digital currency known as bitcoin. The state of “economic emergency,” as it has been termed by some observers and officially by President Nicolás Maduro, is so acute that the International Monetary Fund has estimated that the inflation rate could be as high as 480 percent this year and grow to as much as 1,640 percent next year.

Legal 46
article thumbnail

Is Lyft Preparing To Sell?

PYMNTS

Ridesharing firm Lyft has been getting ready to capitalize on investor desire to delve into transports and has been exploring raising additional funding or even selling itself to outside interests, Reuters has reported. The newswire said that the firm has been working with investment bank Qatalyst Partners, which is based in Silicon Valley. Reuters cited unnamed people familiar with the dialogue.

article thumbnail

EU Pushes For Bitcoin Database And Transparency

PYMNTS

Anonymous is the name of bitcoin’s game. But Europe might like to make it less so. T he European Commission would like to create a central database of digital currency users to prevent terrorist financing and money laundering – for the obvious reasons. The regulators there would like to establish a central database by June 2019 whereby, “obliged entities need to collect, process and record personal data, and sometimes to share such data with public authorities (such as FIUs) or with private

article thumbnail

Three Startups Shaping The Future of Commerce

PYMNTS

Earlier this year, Visa announced the start of its second annual Everywhere Initiative , where startups go head-to-head to imagine the future of commerce. Three real-life business challenges gave 15 competing companies the chance to flex their commerce chops. Participants could use Visa’s APIs to create a payment solution, leverage social media channels to engage people at Visa-sponsored events or persuade Visa cardholders to go cardless.

Sports 45
article thumbnail

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.

article thumbnail

Australian Banks Launch Apple Pay Antitrust Attack

PYMNTS

The three largest banks in Australia – National Australia Bank, Commonwealth Bank of Australia and Westpac Banking Corp – have partnered up to lodge an anti-trust application with regulators in an attempt to collectively negotiate with Apple over whether or not their own in-house electronic payments apps can be set up to run properly on an iPhone.

article thumbnail

Vending Machines Are Retail’s Newest Frontier

PYMNTS

It was only a decade or two ago that you’d be laughed out of the room for suggesting someone buy clothes or shoes online without trying them on first. Now that that barrier has fallen, though, might there be opportunities to sell more traditional products in nontraditional spaces ? Dawn Dickson thinks so, and she had something of a proof of concept in Flat Out of Heels , her company that sells rollable flats out of vending machines aimed at the female consumer who can’t spend another

Sales 44
article thumbnail

Is Drone Delivery Economically Feasible, Practical?

PYMNTS

In a perfect future, drones would zip through the sky carrying packages containing everything from pet food to baby diapers over our heads in the most efficient, affordable and expedient manner of delivery possible, while we all went about our daily lives (and we’d all have robot butlers, too). But alas, we don’t live in a perfect world, and although the technology is increasing each and every day, it still appears as though it will be some time before the flying drone is the preferred, practica

article thumbnail

Drones In Reno Will Now Bring You Slurpees From 7-Eleven

PYMNTS

A tech startup called Flirtey has beaten Amazon’s ambitious drone delivery efforts by making the first U.S. drone delivery to a customer’s home, according to TechCrunch. And what did it deliver? Slurpees from 7-Eleven , apparently. OK, the delivery also included a chicken sandwich, donuts, coffee and some candy. But if we had drone delivery service , we’d probably order a Slurpee right now, too.

Nevada 44
article thumbnail

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.

article thumbnail

Misinvoicing Costing Nations Billions, Warns UNCTAD

PYMNTS

Invoice mistakes are costly. For many organizations, errors across the accounts payable and accounts receivable processes can range from mismatched data between invoice and purchase order to misstated prices, often attributed to manual data entry. And for most businesses, these errors lead to time and money spent on the resolution process. Other times, misinvoicing is the work of cybercriminals against individual firms.

article thumbnail

Making Donations An Impulse Purchase

PYMNTS

Because many nonprofit organizations fundraise at fairs, races, roadside stands and other on-the-go locations, cash has long been their only acceptable method of payment. As a growing number of consumers abandon paper currency for cards and digital solutions, however, many charities are looking to cash in on more advanced payment methods. This means expanding beyond their cash-only roots.

article thumbnail

Is Fast Fashion Fizzling?

PYMNTS

For a while there, it really did look like fast fashion was actually reshaping the fashion retail business , because if millennials want anything, it’s ever more options. But as sales at some of the more popular fast-fashion brands begin to cool off or slow down and retailers increasingly shift their gaze to the coveted generation after millennials — we’re calling them Gen Z now — it appears more and more as though the fast fashion craze was just that — a fad with no real staying power.

article thumbnail

Gift Cards Gone Wild?

PYMNTS

As the old saying goes, “virtue is its own reward.” These days, though, it seems like shopping itself may be its own reward. Businesses of all kinds are racing to reward customers for their loyalty with gift cards, sales and other offers. But businesses aren’t the only ones looking to reward customers. Often, it’s also friends and family members wanting to present tokens of appreciation.

Retail 43
article thumbnail

Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.