Sat.May 13, 2017 - Fri.May 19, 2017

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MasterCard Brings Tap-To-Pay To Public Transit In 80+ Cities

PYMNTS

Just in time for the summer travel season, Mastercard has announced a series of partnerships in over 80 cities worldwide, which will enable card carriers to tap to pay for public transit. “With a Mastercard in their wallet, more and more people have a go-to transit pass for the city they’re in,” said Ian Slater, senior vice president, enterprise partnerships at Mastercard.

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2017 Indiana Legislative Update

Katz,Sapper&Miller

My colleagues often criticize me for what they call my “Dad humor,” or my weakness for a well (or badly) timed pun. I’ll plead guilty as charged, especially as I think about some of the challenges that faced the Indiana General Assembly this past legislative session.

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Cybersecurity Unicorn Steals The B2B Investment Show

PYMNTS

Surprise, surprise: a cybersecurity startup saw the largest funding round of the week by far. WannaCry’s explosive impact on the industry has enterprise security on everyone’s mind, and this startup is now a unicorn because of that attention, closing $100 million in Series D financing. Find out which startup landed the cash, along with the other B2B startups that saw their share of investments this week, below.

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Banks And FinTech Startups: At Odds No More?

PYMNTS

Until very recently, the tenor of the relationship between financial services startups and mainstream banking was contentious at best and adversarial at worst. The primary narrative about the future of financial services contributed to a majority of that — the banks were the old way of doing things and up-starts with streamlined business models were threatening to disrupt them right out of the water.

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Planning Your Restaurants 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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Easing The Cross-Border Receivable Process 

PYMNTS

For corporate payments — that is, money changing hands between firms — collecting on receivables can be a challenge. Perhaps a rule of thumb can be: the longer the supply chain, the longer the wait for payments. In an interview with PYMNTS’ Karen Webster, Jeff Althaus, executive vice president and general manager at Flywire stated that “if you look at the payables side of the equation, it is much, much easier to send money” than to collect it.

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Bitcoin Tracker: WannaCry Doesn’t Pay

PYMNTS

It’s been a rocky week for bitcoin — and we don’t just mean in terms of price. Actually, bitcoin’s price at the time of writing was at a record high, hitting $1859.49 on mid-day Thursday — though the past seven days had seen significant value fluctuations including a week low just under $1620 on Saturday of last week. While it’s always tough to figure out exactly what leads to what in terms of bitcoin’s value, the culprit of this past weekend’s dip, and subsequent drops later in the week, seems

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Coupa Rounds Out Offering With Launch Of B2B Payments Capabilities

PYMNTS

Spend management company Coupa has entered the realm of B2B payments. The company announced the launch of Coupa Payments Tuesday (May 16), a tool that aims to streamline cross-border payments for its corporate customers. The solution digitizes payment operations to ensure companies can pay their suppliers electronically, the company said in its announcement.

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Fetchr Scores $41M Series B For Delivery Solution That Doesn’t Need An Address

PYMNTS

Dubai-based fetchr , a delivery and consumer technology app startup focused on innovating logistics in the Middle East and North Africa, recently announced raising $41 million in a Series B venture funding round led by New Enterprise Associates. Additional participants in fetchr’s Series B round include Majid Al Futtaim Holding and Nokia Growth Partners, among others.

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Around 70 Percent Of Financial Cards Now Have A Chip

PYMNTS

The International Card Manufacturing Association (ICMA) is out with a new report that finds 70 percent of all financial cards have a chip embedded in them. In a press release issued Tuesday (May 16), the ICMA said chip cards account for 88.6 percent of revenue for cards globally manufactured in 2016. What’s more, the trade group said the size of the market globally was $27.4 billion in 2016, resulting in 35.4 billion cards produced last year.

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Blockchain Tracker: Uses of Blockchain Tech in Music

PYMNTS

Over the past year, there have been many discussions about how blockchain technology could revolutionize certain aspects of the music industry. While some are looking to move full force with it, others are skeptical and await more testing. As recently as this April, music streaming giant Spotify announced its acquisition of blockchain startup Mediachain.

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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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Here’s Where You May Be Wrong About Enterprise Cybersecurity

PYMNTS

If you’re one of the many, many companies recently targeted by WannaCry , you’ve just been handed a harsh reality check in the importance of enterprise cybersecurity. Maybe you had ignored previous warnings or felt cybersecurity technology was unnecessary. Or maybe you actually had cybersecurity measures in place that failed. Analysts have (so far) placed the number of corporate victims of WannaCry at 29,000 firms.

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Gap Inc. In Earnings Beat

PYMNTS

Shares of global retailer Gap Inc. rose some 4 percent in after-hours trading following the company’s earnings release for the first quarter of fiscal 2017. It was largely a beat. In Q1 2017, Gap Inc. reported diluted earnings per share of $0.36, well above analyst consensus estimates of $0.29, and up 8 percent from EPS posted in Q1 2016. For the full year, Gap Inc. reaffirmed its eps guidance in the range of $1.95 to $2.05.

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Alibaba Tracker: Earnings Miss, Revenue Soars And The Global Stage Is Set

PYMNTS

The world should watch Alibaba closely. While the Chinese eCommerce giant’s international presence to date is relatively small, that fact looks to change in just a few short years. To start, Alibaba just released its fourth-quarter earnings report, which showed core and other revenues to be strong. Earnings, however, was another story. For the quarter that ended March 31, Alibaba reported total revenue up 60 percent year-on-year to 38.58 billion yuan ($5.6 billion), well above analystsR

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Can An ‘Agnostic’ Platform Help eCommerce Merchants Make It?

PYMNTS

Consumers have more options than ever when it comes to shopping for the right product or solution online. While that may mean there are more avenues for merchants to sell their goods, it also makes it harder for companies to get their message in front of the right buyer. Instead of convincing a customer to choose their products over those offered by another retailer or two, merchants must now compete with everyone from traditional brick-and-mortar stores to eCommerce warehouses like Amazon to ot

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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NEW REPORT: As Robo-Advisors Rise, Will Investors Put Their Assets On The Robo-Line?

PYMNTS

From automation to mobile-first institutions and solutions, disruption is the new normal for the digital banking space. Financial institutions have rolled out a handful of new smartphone-first innovations for the digital banking space that are promising to bring disruption to the industry. From new pathways for mobile payment tools like Android Pay to expand their reach to the launch of new mobile-first banking institutions, the smartphone has clearly left its impact on the banking industry.

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Brooks Brothers Reports Payment Breach

PYMNTS

Over the past 11 months, Brooks Brothers ’ customers at various brick-and-mortar locations in the U.S. and Puerto Rico had their payment card information compromised. This past week, the U.S.-based clothing company shared this with the public. It revealed a hacker gained access to customer payment information and installed software to capture those details at its physical locations.

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Hacker Tracker: WannaCry

PYMNTS

Last weekend, a major ransomware attack affected more than 200,000 computers in 150 countries across the globe. Targeting computers running the Microsoft Windows operating system, the malware encrypted users’ files and demanded payment in bitcoin equivalent to about $300 within 72 hours to regain access. If users didn’t pay within that time frame, the ransom would double.

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Wayfair Launches Visual Search, Pinterest-Style Boards

PYMNTS

Wayfair has phased in a new way to “search by image.” Users can simply point their smart device’s camera at a piece of furniture they like, and Wayfair will generate search results for related pieces on their website. The move was inspired by similar search-by-image initiatives at Pinterest, Google, and Amazon, where evolving visual technology is paving new inroads for consumers to connect with products.

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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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Walmart Q1 Earnings Beat, eCommerce Skyrockets

PYMNTS

Shares of retail giant Walmart got a 3 percent boost yesterday following the release of Q1 earnings that beat the Street. But the real beat for the largely brick-and-mortar retailer lay in how it has managed not just weather the eCommerce storm, but how it has thrived under these digital conditions. Here’s what we mean. For the quarter, Walmart posted a beat in earnings per share at $1.00, above analyst expectations for EPS by four cents.

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Alibaba Growth Spurt Is Promising, Yet Portentous

PYMNTS

Alibaba is getting consumers to spend more money online, and that would appear to be a good thing for the Chinese eCommerce giant, which provides consumer-to-consumer, business-to-consumer, and business-to-business sales services via web portals. But the site is also getting Chinese merchants to spend more money to keep their products there, an arrangement that could eat the company from the inside out if it doesn’t find other sources of revenue.

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Warby of X: Interior Define is the Warby of Furniture

PYMNTS

Finding the right piece of furniture for the space people live in can be a difficult task. From bulky sofas to breakfast tables and bedroom sets, furniture moving can be one of the most awkward, stressful and time consuming activities. Given the fact that people move an average of 11.7 times throughout their lives today, it may be safe to say that the types of homes and sizes of rooms will not all be the same.

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Amazon Targets The One Vertical No One Thought They Would

PYMNTS

Amazon is getting into the furniture market, gearing up to build four or more warehouses to handle what it expects to be booming orders of bulky household items. According to a report in The Wall Street Journal , while Amazon has been selling furniture for some years, now the eCommerce giant is going after it in a much bigger way. Amazon will be taking on the likes of Wayfair and Pottery Barn in the online furniture market.

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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.

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Are AR/VR Bots The Next Big Thing?

PYMNTS

Facebook’s F8 conference is one of the largest conferences for developers and entrepreneurs. Starting in 2007, the event has had a different focus each year on what is the next big thing for the social media giant, with breakout sessions on more tailored topics. While last year’s conference focused on Facebook’s 10-year roadmap, this year’s focus was on AR, VR and bots.

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SoBi And The Smarter Way To Do Bike Sharing

PYMNTS

As we reported earlier this week, big ideas sometimes start out in small classrooms. And SoBi – short for Social Bicycle – is just such a big idea. It started as a school project that grew into a Kickstarter campaign, which then grew into a real company located across dozens of U.S. cities, bringing its unique ideas on bike sharing to the masses.

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Data Enablers: Apparel Retailers Dress For Success With EDITED Analytics

PYMNTS

The right product at the right price and the right time: that’s the retail recipe, and EDITED is providing real-time analytics to help apparel retailers worldwide cook up success. “The global retail market is a trillion-dollar industry where one good decision can make you millions, and a bad one can cost you just as much,” said Julia Fowler, who co-founded the company with technologist Geoff Watts in 2009.

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NEW REPORT: Nailing Omnichannel To Find Offline Success?

PYMNTS

Even consumers who still frequent brick-and-mortar shops expect the latest omni features at their fingertips to help improve their shopping experience. From responsive mobile websites to on-demand offerings, consumers are increasingly demanding that retailers, both online and in the real world, cater to their needs in the moment. . The May PYMNTS Omnicommerce Tracker™ , powered by Vantiv, looks at the latest advancements in technology and how the rise of new consumer-friendly features are chan

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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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Connected Car Tracker: Deep Integration Is The New App

PYMNTS

Partnerships between technology companies and vehicle manufacturers look to be the name of the game in the self-driving and connected car space. A recent announcement from Google indicates that connected car technologies are about to make another big leap forward. The tech giant said that Volvo and Audi are making moves to more deeply integrate the Android operating system in upcoming connected vehicles.

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Ross Beats Analysts Expectations For Q1

PYMNTS

Investors were pleased with the results out of discount retailer Ross as earnings results hit the wires yesterday. Share were up more than 3 percent after earnings results on the top and bottom line came out ahead of, or in line with, analyst expectations. By the numbers, Ross earned $321 million, or 82 cents a share, in the fiscal first quarter, markedly better than the $291 million, or 73 cents a share, in the year-ago period.

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McDonald’s At Your Door: Fast Food Giant Now Delivers

PYMNTS

Los Angeles, Chicago, Columbus and Phoenix are lovin’ it: on Wednesday, May 17, McDonald’s expanded its delivery service to customers in these four U.S. cities, now delivering Big Macs, fries, beverages and desserts right to diners’ doors. The McDelivery program is possible through a partnership with UberEats and encompasses around 1,000 restaurants in the U.S.

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Salesforce Brings AI To Commerce Cloud

PYMNTS

Cloud computing and customer relationship management company Salesforce just made a major move to bring machine learning, a form of artificial intelligence, to the customer journey. The company’s Commerce Cloud Einstein, in a nutshell, has been expanded to deliver an AI-powered shopping experience. Commerce Cloud Einstein’s new intelligence looks to allow retailers to bring predictive and personalized commerce experiences to their consumer base.

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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.