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Visa announced Tuesday (May 30) that it is rolling out enhancements to its Verified by Visa service, a global solution designed to make online purchases more secure by helping ensure payments are made by the rightful owner of the Visa account. In a press release, the credit card company said that with the upgrade, financial institutions and merchants would be better able to authenticate consumers and reduce fraud on transactions made via a mobile or desktop browser, app or connected devices.
Members of Katz, Sapper & Miller’s Buy Here - Pay Here Services Group recently attended the National Alliance of Buy Here, Pay Here Dealers (NABD) 2017 National Conference in Las Vegas, NV – one of the largest industry conferences in the U.S. The 19th annual event addressed the following developments and trends affecting BHPH dealers.
The world is becoming an increasingly connected place such that internet connections aren’t just for phones and computers anymore – appliances, household systems, dog collars, hair brushes, cars and VR headsets are just a short sampling of the world of things looking for secure, consistent connections to the web. By most estimates there are 6.3 billion such devices as of today – by Gartner’s estimate, that number will have exploded to over 20 billion worldwide by 2020.
As of yesterday, First Data has officially agreed to acquire rival payment processor CardConnect for around $750 million. The deal will reportedly be covered mostly in cash — and will include the repayment of CardConnect’s debt. This buy represents First Data’s biggest acquisition since going public in 2015. First Data handles, on average, $2.2 trillion in monetary transactions each year — meaning calling CardConnect a competitor is likely putting too fine a point on it, since the firm processe
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.
Corporate payments firm WEX is teaming up with Crawler2api to facilitate transactions within Crawler2api’s real-time API services. Their collaboration , announced Tuesday (May 30), will see Crawler2api integrating WEX’s payment solutions; Crawler2api already facilitates transactions that work with the custom APIs it builds. Integrating with WEX means further automation of those transactions, the companies explained.
FinTech has no doubt changed the face of the financial services industry in the U.S., but experts are beginning to question how it will impact regulation. Reports in Reuters on Friday (May 26) explored how industry players are examining the future of financial regulation as FinTech continues its disruption. “It has ended banking as we know it,” said chief business development officer of Digital Asset, Chris Church, at an International Monetary Fund meeting this year.
The restaurant industry is having a moment of evolution. With the various devices consumers use in everyday life, it should come as no surprise that the food service industry is looking to get in on the game. At the 2017 National Restaurant Association Show in Chicago, Cicely Simpson, the organization’s executive vice president of government affairs and policy, and the Texas Restaurant Association’s vice president of marketing and innovation, Anna Tauzin, discussed the digitalization
The restaurant industry is having a moment of evolution. With the various devices consumers use in everyday life, it should come as no surprise that the food service industry is looking to get in on the game. At the 2017 National Restaurant Association Show in Chicago, Cicely Simpson, the organization’s executive vice president of government affairs and policy, and the Texas Restaurant Association’s vice president of marketing and innovation, Anna Tauzin, discussed the digitalization
While FinTechs and innovators continue to disrupt the world’s payment systems at a dizzying pace, traditional banks have to stay on-board if they’re to compete and stay relevant. Faster payment schemes are only as valuable as they are accessible, so FIs have to quickly connect to emerging payment rails. But that process is a headache, says Form3 Chief Product Officer Mike Walters.
In an interview with Lisa Ellis, analyst with Sanford Bernstein, and as reported by Seeking Alpha , Visa CEO Al Kelly weighed in on a number of opportunities and challenges facing the company, from Visa Europe to China to digital payments. . Kelly said that within the larger picture, the company is focused on “growing the payments pie; we’re in a unique space in payments where we don’t necessarily have to go out and battle for a fixed share of a pie.
The quick service restaurant industry is always trying its best to find new ways to reinvent itself. While some sit down restaurants have already started integrating technology into their dining experiences, the fast food industry is jumping in on the trend. The latest to join in is McDonald’s with its announcement of adding on kiosks to its locations in its “Experience of the Future” campaign.
Only a small portion of micro-businesses will graduate to become small businesses, never mind medium-sized businesses. And yes, that’s partly because many of these businesses will fail. But according to Wave CEO Kirk Simpson, many simply don’t want to get any bigger than just a handful of employees. While it’s commendable for a micro-business owner to want to remain small enough to control the books, the fact is, many entrepreneurs are inept when they put on their accountant’s
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.
After an inquiry to examine the potential for blockchain to play a role in the nation’s interbank system, the Bank of Canada has ultimately decided against the technology. Reports Friday (May 26) said the central bank revealed its views in an article for The Globe and Mail publication, penned by Senior Deputy Governor Carolyn Wilkins as well as Payments Canada’s Gerry Gaetz.
His father basically invented the modern-day shopping mall, so it’s only fitting that Will Smith, founder of Euclid Analytics, would be revolutionizing the retail experience for the next generation. Hundreds of brands use Euclid products to understand customer behavior in brick-and-mortar stores, quick-service restaurants and shopping malls and then translate that understanding into better marketing to drive transactions.
Starbucks announced that it will open stores in Dallas, Texas and Trenton, New Jersey as part of its program to invest in at least 15 underserved communities across the nation by 2018. According to Chain Store Age , the store in Dallas will open in spring 2018, while the one in Trenton will open later this year. Starbucks has opened six similar stores so far, including in Ferguson, Missouri, central Phoenix, and East Baltimore.
There was a total of 34 artificial intelligence startups acquired in the first quarter of this year, more than twice the amount from the same quarter one year ago. According to Reuters , research firm CB Insights found that the tech giants looking to strengthen their leads in AI or make up for lost ground have been the most aggressive buyers. Google has acquired 11 AI startups since 2012, the most of any firm, followed by Apple , Facebook and Intel , respectively.
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.
What’s a payment factory? Even Google can’t give you a straight answer— but Bob Stark, vice president of strategy at Kyriba, will shed some light on this on June 8, when he sits down with PYMNTS.com CEO Karen Webster for a live digital discussion. Kyriba’s clients benefit from global cash visibility, financial control and increased productivity across the organization via software-as-a-service (SaaS) treasury technology.
Small business software startup Wave announced today (Tuesday, May 30) that it secured $24 million in new funding as it looks to integrate more financial solutions into its offering. The company revealed the funding from an array of backers including National Australia Bank, Royal Bank of Canada, Portag3, and Exhibition Capital. Existing investors CRV, Social Capital, BDC IT Venture Fund and BDC Capital, OMERS Ventures, HarbourVest and OurCrowd also participated, Wave said.
Why be an outsider when you could be an insider? Why simply “travel” when an immersive local experience is available at the tap of a touchscreen? Today’s traveler wouldn’t settle for anything less, so that’s what Airbnb delivers – and it’s giving hotels a real run for their money. Enter PlacePass and GoBe, two activity-booking platforms that are allowing tourists who stay at hotels to make their journey ever more personalized and local, and ever less, well, touristy.
Serving society’s appetite for socially conscious company behavior, Longo’s grocer in Toronto has introduced Flashfood , a mobile app that enables its shoppers to buy surplus groceries at a deep discount, thus reducing food waste and serving customers on tighter budgets. Flashfood users receive notifications when new deals become available and can then open the notification to pay virtually.
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.
When most people think of the music that tends to accompany shopping, their first association is probably Muzak — and it probably isn’t wholly positive. “Muzak – bringing bad music to an elevator near you,” Feed.FM CEO Jeff Yasuda noted of Muzak’s long and illustrious reputation. And while it is easy to write Muzak off as the place one hears all of todays best pop songs – as interpreted by Kenny G – it is also easy to forget two things, Yasuda said
Modern technology has given retail merchants a multitude of new tools to help run their businesses, but it’s also given them plenty of processes they need to juggle in order to find success. But perhaps some help from mPOS technology can make the juggling act a bit easier? The June PYMNTS mPOS Tracker™ features news and headlines about companies looking to use mobile technology to make everything from mobile payments to mobile technology integration easier for retail merchants.
MobileBytes , the point of sale (POS) for iPad innovators, has released its next-generation software update for online ordering. According to PointofSale.com , this latest update includes the ability to easily create specials and promotions for online orders, as well as allowing restaurateurs to automatically disable the sale of menu items that have key ingredients out of stock.
Year after year, the retail industry typically welcomes a new influx of workers across all of its verticals. In the past few years, some in the industry have likely had a growing concern due to the continual brick-and-mortar closings around the country. As it turns out, retail industry jobs are actually seeing growth and better pay in the e-commerce arena.
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.
Imagine being able to filter out the sounds around you or adjust the volume of certain parts of those sounds. Through its augmented intelligence embedded earbuds, startup company Doppler Labs may just make the listening experience more customizable for each individual. Whether it’s listening to a favorite song, blocking out all external noises or blending the two together for a more enjoyable bike ride into work, Doppler Labs’ Here One earbuds may help bring people’s ideal experience a bit
ING released the results of its latest international survey on mobile banking, finding that while people are using their smartphones and tablets to perform banking tasks, they aren’t comfortable with giving up control of their finances to their computers. The survey compared results in 13 countries throughout Europe, as well as the United States and Australia.
Sophisticated government spying tools are spreading like wildfire in the underground criminal market. As a result, amateur hackers are being mistaken for high-profile, government groups. Symantec Security, a leading security research firm, raised this concern in a recent blog post. Researchers highlighted the case of a Russian cybercriminal, who was nicknamed Igor by Symantec analysts.
Denny’s Corp. has named Michael Furlow its new chief information officer and senior vice president of information technology. Food Business News reports that prior to joining Denny’s, Furlow was chief information officer for Red Robin Gourmet Burgers from October 2015 to April 2017. He previously spent four years as senior vice president of information technology at CEC Entertainment and was at Brinker International as senior vice president of information systems for six years.
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.
Symantec, a cybersecurity firm that specializes in research and cloud-based security, released new insights surrounding financial malware and ransomware in its latest Internet Security Threat Report (ISTR). According to the company, financial threats, with more than 1.2 million detections per year, are up to 2.5 times more widespread, compared to ransomware.
In an average human lifetime – most people are bound to come up with one truly good T-shirt slogan. But, until very recently, many of those ideas were cast by the wayside because making and marketing T-shirts is a bit more work than the average amateur slogan-smith is able to do. But in 2011, two Brown University seniors, Walker Williams and Evan Stites-Clayton, discovered how hard bringing T-shirts to market was when they tried to create a website to sell T-shirts commemorating the closing of t
Tune In. Turn On. Drop Out. Those six words, spoken by Timothy Leary In Golden Gate park at the 300,000 person Human Be-In in San Francisco’s Golden Gate park in 1967 are widely heralded as the beginning of The Summer of Love. That they were spoken in January of 1967 doesn’t much affect that estimation – since historians now mostly trace the “Summer” of Love’s beginnings to October 1966, when California officially banned the use of LSD.
NatWest is working with SpendLabs to develop a mobile app to help businesses manage their spend. Reports Monday (May 29) said the bank and the Silicon Valley-based startup have partnered to launch the ClearSpend app, a solution that enables companies to gain greater visibility of spend company-wide and at the commercial cardholder level, boosting control over commercial card spend.
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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