PYMNTS

OCTOBER 9, 2017

When sea change comes to payments, some ride the waves, others get queasy – and still others reach for life preservers. Open banking looms in many corners of the world, mandated in some areas (think PSD2) while driven by market forces in others (here in the United States). Last week, the Canadian Bankers Association said in a release that the government should evaluate open banking a bit more carefully before fully committing to the concept.

Gambling 75

Gambling Non-Profits Construction Government 75

PYMNTS

OCTOBER 11, 2017

Based on the activity of the past few weeks, it seems API-based solutions are becoming more at home on mobile devices as various companies launched several app-based solutions to expedite cash flows in different global markets. These developments could offer help to consumers, executives, entrepreneurs or freelancers as they conduct their own types of business.

B2B 71

B2B accounting and finance Retail Finance 71

PYMNTS

OCTOBER 13, 2017

When it comes to global investments, there’s no place like the U.S. to invest in a home – or a rental property or seasonal vacation home, for that matter. Foreign property buyers appear to have gotten that message, if research from the National Association of Realtors (NAR) is any indication. According to the NAR’s most recent report analyzing the purchasing activity of foreign buyers in the U.S., such purchasing of American properties has surged by double digits over a one-year period.

Real Estate 68

Real Estate Education California Arizona 68

PYMNTS

OCTOBER 10, 2017

“Does this merchant pass the Debbie Test?”. That’s the first thing Donald Kasdon, chief executive officer of credit card processing and payment solutions provider T1 Payments , said he asks when considering whether the processor should take on a new merchant. Debbie is Kasdon’s mother and, according to Kasdon, she’s the perfect litmus test for a vendor’s risk level.

Gambling 60

Gambling Start-ups 60

Advertiser: Paycor

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PYMNTS

OCTOBER 13, 2017

Sometimes events in the payments world are seismic ones. A rumbling, a shakeup that puts everyone off balance and then the regrouping — it’s those aftershocks that need watching. So it is with Equifax. No need to go over the numbers tied to the seismic breach because they keep changing, and may be changing even as you read this eBook. When the impact stretches across oceans, nations and demographics, though, and those affected number in the hundreds of millions, a sea change is a-swelling.

Retail 57

Retail 57

PYMNTS

OCTOBER 11, 2017

A survey of business travelers conducted by the Global Business Travel Association suggests administrative tasks are only half the battle of taking a business trip. The GBTA released the results of its survey Tuesday (Oct. 10), and while administrative tasks like approvals and expensing were certainly on the list, the number-one pain point for business travelers is the time spent in transit, cited by 61 percent of 630 survey respondents as a top-five challenge.

Technology 56

Technology B2B 56

PYMNTS

OCTOBER 10, 2017

Digitization of B2B payments is on the rise, but the trend is challenged by discrepancies across geographic markets, according to the latest World Payments Report by Capgemini and BNP Paribas. The 2017 report , released Monday (Oct. 9), found non-cash transactions are growing at a healthy rate — with volumes increasing 11.2 percent between 2014 and 2014 representing the highest growth in a decade, researchers said.

B2B 49

B2B AP Automation accounting and finance Technology 49

PYMNTS

OCTOBER 12, 2017

A significant portion of small businesses (SMBs) may not even know they have been a cyberattack victim due to a lack of understanding as to what constitutes a cyberattack, according to new research from insurance firm Nationwide. This week, the company published the results of a survey of 1,069 U.S. businesses with between one and 299 employees to understand how small firms are addressing the widespread, complex threat of cyberattacks.

Education 49

Education Maine Technology B2B 49

PYMNTS

OCTOBER 10, 2017

Corporates may have been forced to accept what they were offered from traditional financial institutions (FIs) in the past, but the surge of FinTech players disrupting the market and challenging banking firms to do better has opened up new doors for CFOs and treasurers, says Flavia Alzetta. Alzetta is the new CEO of Contis , a FinTech that provides banking and payments services across the U.K. and Europe.

payroll 49

payroll Technology Account accountant 49

PYMNTS

OCTOBER 12, 2017

Everybody loves rewards. For customers, earning points and redeeming them feels like winning a prize; it makes them feel special and taps into their innate competitive nature. For businesses, offering that experience can make them stickier with consumers, as the merchant or establishment creates reasons for consumers to keep coming back — sometimes just to reach that next level of reward!

Hospitality 47

Hospitality Start-ups Retail 47

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.

PYMNTS

OCTOBER 13, 2017

Payments provider Elan Financial Services announced that along with Ondot Systems , the leading provider of mobile-based card services, they have enhanced the My Mobile Money app so that it now offers two-way fraud alerts for Elan processed debit cards. With real-time alerts via My Mobile Money, financial institutions can communicate directly with debit cardholders to confirm transactions, which will not only reduce the risk of a payment being declined due to fear of fraudulent activity, but ca

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PYMNTS

OCTOBER 13, 2017

B2B FinTech saw one of its most stellar funding weeks in a while, led, of course, by the high-profile Bill.com investment. But that wasn’t the only — or even the largest — investment round confirmed. In all, the industry secured more than $324 million with B2B payments, logistics and artificial intelligence leading the way. PYMNTS looks at all the funding rounds, led by some big-name backers like ex-PayPal president Scott Thompson, JPMorgan and the International Finance Corp., below.

B2B 47

B2B Agriculture Finance Technology 47

PYMNTS

OCTOBER 11, 2017

Think you can’t teach an old finance dog new tricks? Think again. Diebold has been around since 1859, when it was founded as a manufacturer of safes, vaults and locks. In those early years, the company’s safes were some of the only ones to withstand the Great Chicago Fire of 1871, and the company was commissioned to build the world’s largest safe for Wells Fargo’s San Francisco branch in 1874.

Retail 47

Retail Start-ups Manufacturing Finance 47

PYMNTS

OCTOBER 10, 2017

Volante Technologies Inc. , a global provider of payments and message integration software, announced its VolPay Hub is now fully tested, qualified and integrated with TokenOS. Token was founded in 2015 as an open banking platform allowing a global ecosystem of banks, bank customers and developers to move money and information securely worldwide, instantly and without friction.

Technology 47

Technology 47

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

Technology

PYMNTS

OCTOBER 10, 2017

W ith technologies like bitcoin and other cryptocurrencies leading the way, the platform-payments space is currently one of the fastest-changing in the world. So, how can platform providers – and the providers who serve them – keep pace in this ever-shifting landscape? The October edition of the PYMNTS Payments Powering Platforms Tracker™, powered by WePay, features the latest headlines on how payment platforms are adapting to a changing space by adopting new technologies and business models.

Technology 47

Technology Maine 47

PYMNTS

OCTOBER 12, 2017

Aiming to compete better with the likes of Amazon and Walmart, Target announced news on Thursday (Oct. 12) of a new partnership with Google in which customers can use Google Express , its home delivery service. What’s more, the retailer announced customers can shop Google Express via Google Assistant, its voice-activated digital assistant found on its Google Home devices and on Android TV.

Hawaii 46

Hawaii Alaska Retail Start-ups 46

PYMNTS

OCTOBER 11, 2017

Though digital and contactless payments are on the rise worldwide, cash usage is still a reality. In fact, a recent survey of approximately 50,000 convenience stores in the U.K. found cash to be the dominant payment method in the region, with more than 75 percent of all transactions there still paid in cash. And Europe, in general, seems to be following that trend.

Sales 46

Sales 46

PYMNTS

OCTOBER 13, 2017

On Wall Street, you are only as good as your last trade. In banking, you might only be as good as your latest customer’s reputation. Sound far-fetched? Consider Know Your Customer (KYC). Now, let’s extend the links in the chain just a bit: Know Your Customer’s Customer. A recent whitepaper by G2 Web Services , titled “Why Reputation Monitoring Matters for Strong KYC,” found that manual searches for consumer complaints and negative news about banking customers has its limits.

Technology 46

Technology Entertainment payroll Government 46

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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.

Technology

PYMNTS

OCTOBER 13, 2017

Sizzle Of The Week: Humanity. Humanity has gotten a bum rap of late – particularly when it comes to our capacities as workers. Because, if the conventional wisdom is to be believed, robots are out to get our jobs. By some estimates, automation could replace some 800,000 jobs in the economy. And it’s looking like the youngest generation of workers might be on the front lines to be disrupted by that automation.

Technology 46

Technology Education Government Account 46

PYMNTS

OCTOBER 13, 2017

It’s no surprise that the holidays mean increased eCommerce traffic – and therefore, increased instances of fraud. The fraudsters often get away with it, too, simply because many merchants are overwhelmed by the volume of traffic and can’t give sketchy transactions their due consideration. Sometimes, they don’t even notice the sketchy transactions at all.

Arizona 46

Arizona accounting and finance Finance Account 46

PYMNTS

OCTOBER 13, 2017

There are several features that retailer loyalty programs can offer to win over customers, including travel-related rewards and zero APR. But, to really win over consumers, retailers need to pony up and offer cash back, which is the most popular incentive a rewards program can offer. And, when it comes to receiving cash back, consumers don’t want to wait for checks to arrive in the mail.

Healthcare 46

Healthcare Government Education Retail 46

PYMNTS

OCTOBER 11, 2017

JPMorgan Chase & Co and Temasek Holdings are reportedly the lead investors in a funding round that raised $100 million for Bill.com. According to a report in Reuters , citing Bill.com — a firm which helps businesses make digital payments — existing investors also participated in the round. The company plans to use the proceeds to expand its distribution, Reuters reported. .

B2B 46

B2B accounting software Technology Account 46

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Technology

PYMNTS

OCTOBER 10, 2017

Amazon is reportedly holding meetings in an effort to lure more advertisers to its video content platform in a bid to take on YouTube. According to a news report in CNBC citing several unnamed people, Amazon has implied during several meetings that it is gearing up to unveil initiatives that are friendly to advertisers and marketers, and that it is more open to providing data to advertisers about what its customers are watching and what they are doing online.

Advertising/ Marketing 46

Advertising/ Marketing Gaming Technology Account 46

PYMNTS

OCTOBER 11, 2017

Even with the growth of contactless and digital payments in Western and Eastern Europe, cash continues to cut itself a lion’s share of the payments pie — at least, when it comes to retail transactions. With 75 percent of POS transactions being powered by cash, consumers clearly know what they like. But does that mean cash will forever continue to be atop the wallet heap?

Retail 45

Retail Maine 45

PYMNTS

OCTOBER 13, 2017

TSYS’ merchant services company ProPay is expanding into new territory. The company announced in a press release this week that ProPay has launched in Australia, bringing small- and medium-sized businesses (SMBs) there to its merchant acquiring payment network and enabling them to efficiently accept card payments. The solution is built for direct-selling companies, micro merchants, distributors and payment facilitators.

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PYMNTS

OCTOBER 12, 2017

Banking giant JPMorgan reported results that bested Wall Street estimates on Thursday, buoyed in part by strong growth in its card business and mobile initiatives. The headline numbers show that the company’s earnings came in at $1.76, which beat the $1.65 consensus. Revenues were $26.2 billion, while the Street had pegged $25.6 billion. In the consumer and community banking segment, revenues were up 6 percent year on year to $12 billion.

Sales 43

Sales Technology 43

Advertiser: Paycor

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PYMNTS

OCTOBER 12, 2017

Just days after the Federal Reserve released a report highlighting the changing role of small business loans at community banks, the latest Biz2Credit Small Business Lending Index published, suggesting small and medium-sized business (SMB) lending at small banks remains strong. The Index, released Wednesday (Oct. 11), found that small business loan approval rates at small banks increased 0.10 percent in September hitting 49.1 percent.

Finance 43

Finance B2B 43

PYMNTS

OCTOBER 11, 2017

Small business (SMB) lending is big business for community banks , which are a popular destination for small business borrowers, thanks to strong approval rates on loan applications. But new analysis from the Federal Reserve has identified a reversal in community banks’ position in the small business lending market. The “ Community Banking in the 21st Century ” report, released by the Federal Reserve and the Conference of State Bank Supervisors last week, surveyed more than 600 community banks a

Real Estate 43

Real Estate B2B 43

PYMNTS

OCTOBER 13, 2017

American Express is expanding its small business lending services. The company said Thursday (Oct. 12) it is rolling out a new suite of small business financing products. Business Loans, as the services are called, provide small and medium-sized businesses (SMBs) with working capital and short-term financing solutions, American Express said in a press release, enabling small businesses to access up to $50,000.

accounts payable 43

accounts payable accounting and finance B2B Finance 43

PYMNTS

OCTOBER 11, 2017

Tipalti has caught a few bad guys lately — 7,400 of them, to be exact. The San Mateo startup recently announced the addition of a new fraud monitoring module, Tipalti Detect, to help eliminate accounts payable fraud risk. Tipalti Detect stopped those 7,400 payments throughout its six-month beta phase and first week live, eliminating an estimated $4 million in fraud losses for Tipalti’s customers, according to reports from Rob Israch, the startup’s CEO, during his October check-in with PYMNTS.

accounts payable 43

accounts payable accounting and finance Tax Finance 43

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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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