This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to view the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. . This industry is on the cusp of some major innovation, too, as FinTechs roll out services that banks can offer to their own customer clients via APIs.
The electronic logging device (ELD) mandate that relies on technology to monitor drivers’ hours will take effect later this year, and the operational reality is that there is a productivity loss associated with ELDs. However, carriers can use the data obtained from ELDs to evaluate loads and improve operations while taking advantage of a more level playing field.
The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to recognize the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. . This industry is on the cusp of some major innovation, too, as FinTechs roll out services that banks can offer to their own customer clients via APIs.
With hundreds of billions of dollars changing hands each year, B2B banking and payments is a big, big deal. According to industry research, the B2B payments industry moves roughly $550 billion each year, making up roughly half of the $1.2 trillion global payments market. . Despite all that exchange of funds in the B2B market, the banking industry has a reputation for being a bit behind the times technologically — and it may be justified.
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.
LendingHome, the San Francisco mortgage company, is aiming to expand its market for loans by going after first-time homebuyers. According to a report in TechCrunch , LendingHome launched a new financing product that lets people shopping for a home get an interest rate estimate and apply over the internet, without having to fill out paperwork or deal with a loan officer who will typically ask a lot of questions and put would-be borrowers through all the paces.
Developing and deploying faster payments initiatives is top of mind for many countries around the globe, but making those talks a reality is a whole different story. In the U.S. market specifically, it’s up for debate whether the many faster payment schemes are actually complementary or conflicting. With so many initiatives at play, a schism has been created between creating entirely new infrastructure or building on top of what exists.
A new report from CyberEdge Group, a research and marketing firm serving the cybersecurity industry’s top vendors, has found that ransomware incidents are at an all-time high, with one-third of victims paying the ransom associated with an attack. A press release detailed the results of the fourth annual Cyberthreat Defense Report, which includes findings from 1,100 IT security decision makers and practitioners from 15 countries, six continents and 19 industries.
60
60
Signup to get articles personalized to your interests!
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
A new report from CyberEdge Group, a research and marketing firm serving the cybersecurity industry’s top vendors, has found that ransomware incidents are at an all-time high, with one-third of victims paying the ransom associated with an attack. A press release detailed the results of the fourth annual Cyberthreat Defense Report, which includes findings from 1,100 IT security decision makers and practitioners from 15 countries, six continents and 19 industries.
Financial regulations forced banks to pull back from small business lending in the wake of the financial crisis as pressure to reduce risk exposure increased. Risk mitigation is also behind massive regulations like KYC and anti-money laundering rules. So while SMEs have faced a tough journey finding a bank loan across the globe — and that includes major economies like the U.S. and Europe — small businesses and entrepreneurs in emerging markets find they’re being shut out of the bank lending mark
The Internet is so pervasive in our daily lives that a large-scale interruption would wreak havoc on the way we shop, interact and transact, in all corners of the globe. And, of course, the bad guys (that would be hackers, be they individuals or even state-sponsored teams) are always looking to take down huge swaths of the internet, costing companies, governments and individuals untold lost productivity and money.
Appthority, the global leader in enterprise mobile threat protection, today revealed that Uber’s ride-sharing app is putting sensitive personal and corporate data at risk. According to the press release , the app leaves users open to spear phishing, watering-hole attacks and widespread privacy breaches. Uber’s incomplete privacy policy, location tracking and “moving experience” are just a few of the issues that make the app susceptible to breaches.
Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015. On the other hand, around that same time the IRS released data showing that phishing and malware incidents in the 2016 tax season increased by 400 percent. Noting that the number of identified fraudulent returns was not indicative of the overall levels of tax fraud occurring, Digital Shadows set out to reconcile two
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.
Coupa Software provides real-time analytics for pricing, assortment, demand and competitive metrics in the retail sector. The firm has had a big six months — in October the firm launched a successful IPO, which saw its shares more than double on its first day of trading. Analysts at the time said the strength of the IPO underscored investors’ appetite for technology.
Corporate spend management company Edenred is launching a new solution to help businesses gain greater visibility of their cash flow. The company said this week that it will roll out an accounts payable solution using a virtual card payment method, a solution, Edenred noted, that “offers security, speed and traceability” for easier supplier payments and reconciliation.
Millennials as a generation are probably the most speculated and talked-about generation in human history. A reality that is not entirely unwarranted. There are 75.4 million of them, making the cohort born between 1981 and 2004 the largest living generation of Americans. They are also the first generation raised nearly entirely in the shadow of the internet — and are thus often called the world’s first digital natives.
Cross-border trade is far from simple, and for many SMEs, that complexity is crippling. Research from HSBC released late last year found that among all of the challenges small businesses face when looking to work with suppliers across borders, an overall lack of global business knowledge and experience is what’s truly holding these entrepreneurs back from a global stage.
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.
Innovation in payments can happen in the blink of an eye. But so can an attack or threat from increasingly sophisticated cybercriminals. In order to keep payments innovation moving quickly and safely, Mark Turnage, CEO of OWL Cybersecurity , said it’s important to ensure information security remains at the forefront of the new products and services being introduced into the market.
AccelFoods, as the organization’s name suggests, is an accelerator that works to back early-stage food and beverage startup companies. Recently, said TechCrunch, the accelerator added $15 million to its second fund, which will, in part, be used to invest in startups at more stages of development. Lauren Jupiter, cofounding partner of AccelFoods, was quoted as saying that the accelerator’s new limited partners “are a mix of high-net-worth individuals, family offices and corporates with strategic
It may seem at first glance that credit cards are no font of innovation. Cards are issued, cards are lost and cards must be cancelled, often to the headache of consumers and issuers alike. And in the latest Topic TBD, between PYMNTS’ Karen Webster and Aaron Frank, Final ’s CEO, it was noted that innovation typically is confined to rewards and offers and the incentives that can be sweetened to get cardholders to spend at merchants.
There’s more to thinking small than one might think. The key is this: don’t think “small,” think “focused.”. In fact, when it comes to FinTech companies, thinking “small” by focusing and serving a relatively small number of huge markets may provide the best opportunity to drive more impactful revenue with sustainable and profitable growth. David Weiss, president of YapStone , shared with PYMNTS some big misconceptions about market specialization.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
The new Neiman Marcus store in Dallas-Fort Worth is both very much like — and completely different from — the 42 other Neiman Marcus stores scattered throughout the United States. As part of the Neiman’s family of stores, the core experience is consistent and familiar: high-end men and women’s apparel and shoes, handbags, jewelry, cosmetics, fragrances and gifts, lots of designer names (Prada, Ralph Lauren and Dolce & Gabbana are all particularly front and center in the new Fort Worth store)
Big Data and software as a service (SaaS) once again caught the attention of venture capitalists in the B2B FinTech space this week, but it was cross-border B2B payments that landed the most money. Investors at GV — formerly known as Google Ventures — participated in the rounds of two different startups in this space, which raised a combined $49 million in funding.
The variety of Amazon private-label products continues to grow, adding convenience for brand-loyal Amazon Prime members and causing anxiety for competing eCommerce merchants. Recently, the online retail giant added a new product line to its Amazon Elements brand, which had previously sold only baby wipes (and a line of diapers for a short time back in 2015).
As more consumer buying patterns shift to the online world, retailers are also zeroing in on eCommerce. Through the use of combined in-store and eCommerce strategies, many retailers are staying afloat. However, that doesn’t mean the strictly online selling world doesn’t come encounter struggles. A new company looking to make a dent in the eCommerce landscape and alleviate online sellers’ woes is Amazon seller software OverGrowth.
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.
Going on vacation with family, or groups in general, can be a trying experience. From packing clothes and shoes to securing the hotel and restaurant reservation, there are a lot of moving parts. In addition to all of these facets of the traveling process, those needing to bring extra items for people in their party that need assistance only adds to the stress.
A new device wants to make it easier for ridesharing customers to tip their drivers. According to TechCrunch , Pax is a seatback system that accepts tips in cash or credit card form. Its creator is currently looking to raise $50,000 on Kickstarter to launch the business. While many taxis already allow riders to tip with their credit card, Uber users pay directly through the app, which doesn’t allow its customers to add a tip (Lyft and other rideshare services do offer this option).
On Monday (March 6), CFPB Director Richard Cordray presented at the LendIt USA Conference, providing attendees with an overview of where the bureau stands on FinTech innovation. In his keynote speech, Cordray shared how the CFPB is working to help facilitate FinTech innovation in a way that is beneficial for both providers and consumers. Three broad areas of special interest to the bureau were discussed – encouraging consumer-friendly innovations, the issue of consumer control over their persona
The jobs numbers are in, and they seem strong enough to seal the deal on a rate hike via the Federal Reserve as early as this month. As reported Friday morning (March 10), nonfarm payrolls were up by 235,000 jobs in February, beating consensus expectations of economists that looked for a 190,000-position gain. The key driver in the most recent leap was the construction industry, which added the most positions in a decade, and the Labor Department chalked this up to warmer weather (which, of cour
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.
In 2016, there were 1,093 data breaches according to the Identity Theft Resource Center – a 40% increase over the 2015 data breach number of 781. While the types of data breaches now vary – from ransomware, to phishing emails, to insider attacks – malware continues to be a major culprit, with the AT&T Market Pulse: The Global State of Cybersecurity survey finding that 90% of U.S. organizations experienced at least one malware-related incident over the previous 12 months, with 58% acknowledgi
Greece has seen its ups and downs over the last decade when it comes to economic strength. One industry that’s looking to turn that around for the country is technology startups. In this week’s Tech Center tracker, Mary Gavala, Online Marketing and Promos Manager of Viva Wallet , spoke with PYMNTS on how Greece is becoming a hot spot for tech. Before we jump into the post, here are a few quick facts about Los Angeles and its tech scene: Greece’s population was 10,823,732 in 2015.
PYMNTS.com and SAP are teaming up to promote innovation in B2B payments. Announced Tuesday (Mar. 7), PYMNTS and SAP are rolling out the Payments2CashFlow Challenge , a chance for a few select developers to create new solutions in the world of B2B payments. Those developers will have access to technology from the SAP Cloud Platform and access to SAP developer tools and other resources.
“What goes up must come down” is, unfortunately, the most appropriate proverb to open this week’s bitcoin tracker. It all started when the price of bitcoin dropped by some $70 on Tuesday (March 7) for no readily apparent reason. Bitcoin had spent the past week climbing toward new record highs on optimism that the Securities and Exchange Commission (SEC) could soon approve a bitcoin-based exchange-traded fund.
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.
We organize all of the trending information in your field so you don't have to. Join 237,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content