PYMNTS
OCTOBER 24, 2016
While hacks have been nearly endemic over the last several years, they have, at this point, mostly faded to the level of background noise for the average consumer. Sure, the aftermath of having a card compromised is often annoying and involves changing cards stored in digital wallets and with subscription sites, but consumers know that their bank has their back.
Katz,Sapper&Miller
OCTOBER 27, 2016
With increasing competition and heightened multiples commonly seen in today’s mergers and acquisitions (M&A) market, some private equity firms and strategic investors have opted for less aggressive due diligence in hopes of reducing the hurdles to closing the deal.
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PYMNTS
OCTOBER 24, 2016
Toasting new employment? Odds are increasingly good that you may be clinking your glass over your latest gig. The number of Americans working gig jobs — or short-term, ad hoc positions — grew at a rate of 50 percent from 2005 to 2010, while the gig economy gained 9.4 million new workers, outpacing the U.S. economy as a whole. But there is still much not known about this rapidly expanding portion of the economy, as the Bureau of Labor Statistics stopped collecting data on gigs in 2005 and won’t b
PYMNTS
OCTOBER 26, 2016
It may be easy to see First Data’s SMB POS Clover sitting on a merchant’s countertop and assume it’s just another nice-looking terminal that accepts payments. But as John Beatty , CEO and cofounder of Clover for First Data , explained, that would be overlooking what Clover really is — an operating platform that helps an SMB run its business, eliminating the need for the SMB to have multiple devices on the countertop that support other business-critical applications. “We’re starting to see
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 26, 2016
When one door closes, another (connected) one opens. At least that may be the mindset for the cybercriminals reportedly flocking to connected devices as an entry point into the networks and systems of businesses. From Wi-Fi hotspots to printers, unsecured routers to digital video recorders — connected devices can be vulnerable to hacks and, when compromised, are being used by hackers to launch significant distributed denial-of-service (DDoS) attacks.
PYMNTS
OCTOBER 26, 2016
Etsy buyers and sellers are about to get a boost in enhanced payment experience. Payments company Adyen announced crafting a global partnership with online marketplace Etsy, covering both the U.S. and European markets, as well as other key markets where Etsy maintains a presence. Peer-to-peer eCommerce site Etsy includes a marketplace of 1.7 million sellers offering unique, vintage and handmade items.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
OCTOBER 25, 2016
Visa has its eyes set on an international prize, and it’s planning to take some cues from a new type of currency in order to win it. According to The Wall Street Journal , the company recently rolled out a new technology aimed at taking on a new market by offering international B2B payments. The product is called Visa B2B Connect and, according to recent reports, will use a network modeled after the one powering bitcoin to navigate the complex world of cross-border payments between two companies
PYMNTS
OCTOBER 27, 2016
Shoppers today just aren’t what they used to be. In fact, Google describes them as supershoppers — many of which utilize the power of their mobile devices to influence their shopping experience and, as a result, are more informed and efficient than ever before. According to recent data from Google, nearly 76 percent of shoppers who search for something nearby on their mobile device actually visit a related business within a day, and 28 percent of those searches lead to a purchase.
PYMNTS
OCTOBER 22, 2016
If one were to ask the average person if 2009 feels like it was a very, very long time ago, odds are the answer you would get is “no.” At a quick glance, the world we live in today seems to be more or less similar to the world we lived in then. And sure, insofar as the world has avoided any major cataclysms or apocalyptic events in the last seven years, it is mostly the same place.
PYMNTS
OCTOBER 24, 2016
Given the shift from traditional payment methods to alternative payments, such as digital wallets, not to mention the growing number of customers paying for goods and services using their mobile devices, there is clearly room for steadier, sizable growth in mobile wallet adoption. But what will it take for widespread adoption to take place? The answer, as it turns out, may actually lie within merchant eCommerce experiences rather than the wallets themselves.
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 28, 2016
Is there a run on bitcoin? Before you panic, know that the answer is “certainly not yet.”. But after last week’s DDoS attack, there is some increased interest in hoarding them, specifically by banks. Some British banks are allegedly stockpiling bitcoin because they know that DDoS hackers will steer clear after being paid off. For the average consumer who may or not be aware of the value of the bitcoin — which today is hovering around $682 — or where they can access them, that could change.
PYMNTS
OCTOBER 24, 2016
Picture this: It’s 8 a.m., and instead of waking up to the smell of your smart coffeemaker brewing a nice pot of coffee to start the day, your morning begins with an email from a hacker demanding $20 in bitcoin otherwise they’ll keep your coffee pot hostage until you do. It may sound a bit farfetched, but all you have to do is read the papers to realize that hackers are, literally, taking any connected device and turning it into a bot for their malicious botnet attacks — or holding them hostage
PYMNTS
OCTOBER 26, 2016
The brand new October 2016 Global Fraud Attack Index™ , a PYMNTS and Forter collaboration, has some scary news for retailers, and it has nothing to do with Halloween. According to data revealed inside the index, fraud is rising quickly. The rate of fraud attacks is up 39 percent in 2016 (through Q2), and the rate has risen 62 percent from Q3 2015. According to the latest data, 39 of every 1,000 transactions are subject to fraud, a 47 percent increase from Q4 2015 and a 14 percent increase from
PYMNTS
OCTOBER 27, 2016
With new payment offerings constantly hitting the market, companies have to stay atop the latest technologies to ensure they’re meeting the needs of their consumers. Implementing new tech may be a challenge initially, but finding the right payment platform can provide opportunities to companies willing to take the leap. By providing customers myriad payment options, businesses can concentrate on their core business and daily operations and less on making sure they are keeping consumers satisfied
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 25, 2016
According to the latest research in the inaugural PYMNTS.com Gig Economy Index™, younger employees are slated to change jobs four different times during their first 10 years after graduating from college, compared to their parents’ generation, which changed jobs just twice in the same span. But it’s not only the number of jobs that are changing; the type of work these jobs entail is shifting as well.
PYMNTS
OCTOBER 24, 2016
The FinTech space is oversaturated with talk of blockchain technology. Today, industry players seem to agree that innovators are slowly moving from conceptualization towards testing actual solutions. But late last week, Visa announced that it will be rolling out Visa B2B Connect, a platform for banks to make payments and settle funds across borders using Chain Core, the blockchain infrastructure developed by Chain.
PYMNTS
OCTOBER 25, 2016
The movement toward secure banking and B2B transactions is one that embraces digital payments. One way to ensure security is, of course, for enterprises to adopt new technologies that verify the parties involved in a transaction are who they say they are. One cutting-edge technology that is gaining some traction among enterprises is biometric authentication.
PYMNTS
OCTOBER 24, 2016
The U.K. has taken some of the most high-profile actions to combat late B2B payments, but it’s a global problem, as the latest research reveals. PYMNTS explores newly released data from across Europe, Asia-Pacific and Africa that uncovers how SMEs and suppliers manage their cash flow amid chronic late payers. Plus, take a look at the top 10 excuses used by companies when paying their suppliers late. 92% of South African SMEs are planning for growth next year , found a new report by the Nat
Advertiser: Paycor
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PYMNTS
OCTOBER 28, 2016
Vancouver may not be the largest city in Canada, but it packs a mighty startup punch. The city has earned top rankings for its startup ecosystem, passion for green living and supporting a thriving job economy. . In this week’s installment of PYMNTS’ Weekly Tech Center Roundup , we head back to Canada to check out the growing tech landscape and why it’s become a magnet for top talent.
PYMNTS
OCTOBER 27, 2016
Mastercard reportedly will be included as a payment option in a new intelligent dashboard that is being created by IBM Watson for General Motors. According to the report , the new platform, dubbed OnStar Go, will enable drivers to access merchants and brands so they can access shopping menus and purchase things using Mastercard’s Masterpass. The report noted that, with the new “cognitive mobility” platform, users can get gas and pay for it via the dashboard.
PYMNTS
OCTOBER 24, 2016
Remember those skimmers? The ones at the ATMs in the back of the convenience stores that covertly took down your account numbers and PINs? The sketchy-looking wires and mirrors that tipped you off to possible financial shenanigans? You don’t really have to worry about those anymore. Because when it comes to ATMs, ATM operators have a lot more to worry about.
PYMNTS
OCTOBER 26, 2016
It’s been a busy 12 months since the last Money20/20, as new technologies and threats have disrupted the security space time and time again. As the conference kicked off in Las Vegas last October, merchants and retailers around the United States began dealing with the effects and fallout of October’s EMV liability shift, as the technology became the standard for all retail payments.
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
PYMNTS
OCTOBER 27, 2016
Investment bank UBS is reportedly teaming up with Amazon and its voice-enabled speaker, Echo, to let consumers ask Alexa financial questions. According to a report, the new service, dubbed “Ask UBS,” will let customers ask questions about financial terms, such as “what is inflation?” and “how is the economy faring?” The idea behind the service is to reach and engage new swaths of wealth management customers.
PYMNTS
OCTOBER 25, 2016
From ramping up free shipping offers to lowering prices on product offerings across multiple channels, merchants are constantly realigning their omnichannel strategy. What works well for merchants one quarter may not necessarily work the next. And what works successfully for one merchant may not work for another. Google, for example, is challenging the need for physical stores to sell its smartphone by pre-packing customer service on a support tab in its smartphone.
PYMNTS
OCTOBER 22, 2016
If one were to ask the average person if 2009 feel like it was a very, very long time ago – odds are the answer you would get is “no.” At a quick glance the world we live in today seems to be more or less similar to the world we lived in then. And sure, insofar as the world has avoided any major cataclysms or apocalyptic events in the last seven years it is mostly the same place.
PYMNTS
OCTOBER 27, 2016
Danish payment processor Nets notified local banks and international card schemes on Wednesday (Oct. 26) that it was the victim of a data breach that could have impacted 100,000 credit cards. According to a report , Nets thinks the breach was linked to one internet retailer overseas. It has alerted local banks to replace the cards. “By replacing possibly compromised cards preemptively, banks and shops can save an amount in the triple-digit million (Danish crowns) range, which they could su
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 25, 2016
The age of interconnected devices may be dawning, if Mastercard has anything to say about it. Mastercard is unveiling an artificial intelligence bot platform that will let users monitor and control their financial lives through social media. Dubbed the Conversational Commerce Service, launched with bot developer Kasisto, the service will be available in early 2017.
PYMNTS
OCTOBER 27, 2016
Between the rise of blockchain technology, the market debuts of faster payments initiatives and the advancements in virtual card capabilities, small businesses have more choice and power when it comes to their payments needs. But B2B payment habits continue to stifle suppliers’ growth plans across the globe, found the latest Working Capital Outlook Survey released by C2FO this month.
PYMNTS
OCTOBER 27, 2016
Blockchain technology could have major implications for B2B payments, and some of the top use cases for distributed ledger include cross-border payments and smart contracts. B2B payments company PayStand has another possibility for the tool. An announcement Wednesday (Oct. 26) said PayStand now supports certification and notarization of payments using blockchain technology, allowing businesses to access an independent and secure way to verify that a payment has been made and that the information
PYMNTS
OCTOBER 24, 2016
John Sculley, former CEO of Apple, has some advice to offer the big financial services firms facing the big digital transition. Speaking at the annual Money 20/20 conference, Sculley’s message was nothing if not dire — he noted that the incumbent financial services firms are in a big race now, and if they can’t keep pace, they’re going to be nonexistent in short order.
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.
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