Sat.May 26, 2018 - Fri.Jun 01, 2018

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Apple Expands Developer NFC Access To Boost New Use Cases

PYMNTS

Apple is reportedly gearing up to allow third-party developers to get full access to the Near-Field Communications (NFC) chip in the iPhone with iOS 12. Citing The Information, 9to5Mac reported that Apple is aiming for the iPhone to be used for more digital payments and other interactions, such as opening hotel room doors or as a virtual transit card for easier access to transportation.

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Valuing Closely Held Businesses: What You Need to Know

Katz,Sapper&Miller

The valuation of closely held companies is a large and growing practice. However, most people are not aware of this valuation activity since the companies being valued are closely held and, thus, private in nature. Additionally, since closely held entities are typically smaller than publicly traded entities, fewer investors are affected by the results of such valuations.

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Verint Systems Invests In Military-Grade Cybersecurity Firm NSO Group

PYMNTS

U.S. software company Verint Systems, Inc. is looking to buy NSO Group, an Israeli company that sells military-grade technology, for around $1 billion. The Wall Street Journal reported that Verint has offered to pay NSO’s controlling shareholder, San Francisco-based private-equity firm Francisco Partners , with its own stock and assumed debt. If the deal is completed, Francisco Partners would become the largest Verint shareholder.

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Whose Customer Is It When Banks And FinTechs Collaborate?

PYMNTS

It’s not easy being a bank these days, and it’s often easy to overlook how many challenges traditional banking players face, on many fronts. “Banks are burdened with a lot of challenges that are not of their own making or design,” Gerhard Oosthuizen, CTO at Entersekt , said in a recent conversation. Banks, he noted, have to be compliant with a host of extremely stringent regulations, and often across multiple jurisdictions – all with different rules.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Uber Raises Fares In Major US Cities

PYMNTS

To help retain drivers on its platform, Uber is raising its fares in cities such as Washington, D.C., San Francisco and Los Angeles. The increases have come to both “time and distance” rates as well as “booking fees,” Financial Times reported. “We have to make [being an Uber driver] more attractive because the alternatives are becoming more attractive,” Uber CEO Dara Khosrowshahi told FT.

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Can Alternative Data Move The Dial For Financial Inclusion?

PYMNTS

In the early 1950s, an engineer named William Fair encountered a mathematician Earl Isaac who together decided to work out an automated credit scoring system for banks. In 1954, they came-up with the first version of the Fair Isaac credit score — or the FICO. It was a huge flop. Banks didn’t trust that an automated system could do nearly as good a job as personal bankers when it came to evaluating customers and their likelihood to repay.

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Mayochup, Beet-B-Qs And Rosé Marshmallows — The Summer Of 2018 In Strange Eating

PYMNTS

It’s been called many things: Fry Sauce, Go Sauce, Russian Dressing, Dutch Sauce, Golf Sauce. On occasion, it’s called nothing in particular. It’s the time-honored tradition of mixing mayonnaise and ketchup into a single, delicious pink sauce that combines the creaminess of mayonnaise and the tart flavor universally located in each bottle of ketchup.

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PayPal Buys AI Prediction Platform

PYMNTS

PayPal announced Tuesday (May 29) that it has acquired Jetlore , the artificial intelligence-powered prediction platform. In a blog post , PayPal said Jetlore’s platform is used by some of the leading retailers around the globe. “With Jetlore’s talent and AI-powered technology, we will enhance and accelerate PayPal Marketing Solutions, adding new capabilities that continue to expand PayPal’s value proposition for merchants beyond the online checkout experience,” wrote PayPal in its blog post.

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The Cost Of A Data Breach Hits $1.23M

PYMNTS

New research from Kaspersky Lab shows that the average cost of experiencing a data breach globally is on the rise. The annual Kaspersky Lab Corporate IT Security Risks survey is a worldwide survey of IT business decision makers, which this year had a total of 6,614 respondents from 29 countries. The company found that breaches now amount to $1.23 million on average for enterprises (up 24 percent from $992K in 2017), and $120,000 on average for small and medium-sized businesses (up 36 percent fro

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The Global IoT Market Is Expected To Grow To $6.5 Trillion By 2024

PYMNTS

Internet of Things (IoT) technology isn’t just for a smart fridge or a smart speaker in the home: It also has applications for retailers. Swift Sensors , for example, developed a sensor network that monitors variables such as temperature and humidity for restaurant settings. Deployed in a restaurant setting, it has applications in walk-in coolers, freezers, prep lines and ovens.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

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.

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How One Matchmaker CEO Is Bringing Back House Calls

PYMNTS

It’s an experience that almost every American adult can relate to: the holiday trip to an emergency room with an injured or sick child that becomes a half-day experience. It’s usually prompted by a just serious enough medical emergency that doesn’t quite require an ambulance, but does require a higher order of care than the typical urgent care clinic – and something that can’t wait for normal office hours the next day.

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Making It Work — Wherever, Whenever

PYMNTS

More than half of all drivers think they are better than average at driving — a fact that mathematical possibility cannot approve. Some of those people are certainly wrong but, though it is fun to judge, the fact is that knowing what one doesn’t know — and where to fill in the gaps — is not easy. It’s especially difficult when one is adapting to a new regulatory order , building to the API-driven future , creating a C-suite team or even underwriting a loan for a rarefied population like soldiers

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PEX CEO: Why Gig Workers Need Spend Management Tools

PYMNTS

If you really know the music industry , you know that many tour managers and accountants are barely a half-step removed from the glory days of the abacus. So many of them — along with their peers in other areas of show business — spend long hours counting paper receipts and going through a laborious, nearly ancient process of paying for, and recording, petty expenses.

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FitPay: Borrowing Security Across The IoT

PYMNTS

The Internet of Things (IoT) is growing rapidly – too rapidly, some would say. The proliferation of connected devices on the market can make securing each one a challenge. Even where security is sufficient, connected consumers have many devices, and the more they have, the more difficult it is to get all of them playing nicely together. Michael Orlando, COO, FitPay , says security across devices is one of the greatest obstacles the IoT will need to solve, and it’s something the tech startup has

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

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.

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NEW REPORT: Is ISO20022 FI’s Digital Payments Tower Of Babel?

PYMNTS

New technology and innovations are pushing the payments industry forward, making transactions speedier and safer than they were before. But the emergence of new tech in the financial services market is also inviting new challenges, especially as older and newer FIs compete for the same customers. Among the key challenges faced by both newer and more established players is getting all parties to speak a common language and quickly adapt to new rules.

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Amazon’s Whole Food Discounts Are Rolling Out Across Dozens Of States

PYMNTS

The Prime rewards are coming; the Prime rewards are coming. Such is the hue and cry set to go off in about a dozen states, as Amazon is starting to ramp up its discounting for Prime members in Whole Foods locations nationwide. The move, in some sense, is not much of a change in pace for Whole Foods — once known “affectionately” as Whole Paycheck — under Amazon’s ownership , where prices have come down in many ways.

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Kenya Charges Civil Servants In $100M Theft Of Public Funds

PYMNTS

The authorities in the country of Kenya have charged 54 people — most of them civil servants — with stealing close to $100 million of public funds. In what is seen as a rare move to hold officials accountable for graft, Reuters reported that, according to Kenyan’s Chief Prospector Noordin Mohamed Haji, among those “charged was the head of the National Youth Service, … senior accountants within the government agency and the chief internal auditor of the national treasury.” Durin

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Fraudsters Go Omnichannel

PYMNTS

Fraud is always evolving. Beyond the hack in its rawest form — breaking into systems or hardware to steal individuals’ personal data — criminals are using their wily ways to manipulate consumer behavior. And the weapons by which bad actors manipulate their unwitting victims into giving up personal information or handing over money outright are proving to be varied as well, stretching across email and text messages and even the old-fashioned phone call.

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Doing More With Less: The Modern Finance Miracle

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.

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Estonia Shelves Plans For National Cryptocurrency

PYMNTS

Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank. Bloomberg , citing Siim Sikkut, an official who heads up the information technology strategy for the Eastern European country, reported it had planned to peg the cryptocurrency to the euro or would offer the digital tokens to all of its citizens — but instead they will be offered to foreig

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Mastercard Send: From P2P To B2B To SMB

PYMNTS

It’s been three years since Mastercard started its Send offering for card-based push payments. In the tech world, that’s a long time, but in the banking space, things can move a bit more slowly – which means Mastercard Send is still breaking into new use cases beyond its original intent. One key area that wasn’t on the road map three years ago? B2B.

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Mastercard Taps Security Expert To Head Up Cybersecurity Solutions

PYMNTS

Mastercard announced today that Simon Hunt, a cybersecurity expert, has joined the company as executive vice president to head the cybersecurity solutions unit. In a press release , the payment company said Hunt’s role will increase Mastercard security capabilities for its credit cardholders, customers, merchant and other stakeholders. The move comes as the threat of cybercrime grows.

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GEOBRIDGE: Encryption Key Management: The Dos And Don’ts

PYMNTS

Most consumers never give a second thought to technology that underpins payments. When a customer swipes or inserts a card at the point of sale (POS), what’s top of mind is the item for which they have paid, perhaps the payment method, and maybe how they’ll get it home. They might muse over how much money is left in the till, so to speak, after the completed transaction.

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8 Pillars of Leadership Development

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.

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Forget The House — You Are Better Served Protecting Your Identity

PYMNTS

The basic rule of personal security has changed little since ancient times: A person’s home — or hut, cottage, hovel or flat — is that person’s castle, the main location where relatives and valuables are secured from nefarious forces outside the door. Not any longer. That’s according to Tony Ball, senior vice president and general manager of identity and access management for Entrust Datacard , during an interview with Karen Webster for the PYMNTS “ Economy of Trust ” podcast series.

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Samsung Rolls Out Babylon AI Doctor

PYMNTS

Babylon , the digital health startup out of the U.K., inked a deal with Samsung in which it will provide consumers with access to artificial intelligence-enabled doctors via smartphones. According to a report in the Financial Times , Samsung has agreed to preinstall the technology into its new devices, enabling consumers to set up a video appointment with a doctor or get a check of symptoms via Samsung’s Health app.

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Subpoenas Start To Fly In Wake Of Gig Economy Ruling

PYMNTS

And here come the subpoenas …. This week, Uber and Lyft were told by San Francisco City Attorney Dennis Herrera to “turn over records on whether they classify drivers as employees or private contractors, as well as records on driver pay and benefits,” according to a statement from his office. The move comes as a result of the recent decision from the California Supreme Court that said gig economy companies can’t count workers as independent contractors instead of employees.

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AmEx Business Survey Finds 30 Percent Of CFOs To Increase T&E Spending

PYMNTS

A new survey shows that finance executives are optimistic about the economy, and as a result expect to spend more on travel & entertainment (T&E). “Countries and businesses globally expect continued growth through 2018, with newfound confidence in Europe adding to carryover optimism from 2017 in Asia-Pacific and North America,” according to the 2018 Global Business and Spending Outlook Survey , commissioned by American Express and conducted by Institutional Investor Thought Leadership S

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Protect What Matters: Rethinking Finance Ops In A Digital World

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.

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Higher Learning, Hit By Payments Fraud

PYMNTS

Is higher education a conduit to workers skimming from their institutions of learning? In a few incidents seen earlier this month, it seems like skimming takes its place with reading, writing and arithmetic. In one bit of news from Madison.com , a former University of Wisconsin-Madison employee stole as much as $113,000 through fake companies and fraudulent checks, using those methods as means to make personal transactions over more than two years.

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Rocket Internet Eyes AI, FinTech Investments

PYMNTS

Rocket Internet , the Germany eCommerce company, is aiming to invest in financial technology and artificial intelligence startups with the $3 billion in cash it has, reports Reuters. Reuters, citing comments the company made after reporting earnings Tuesday (May 29), reported that Chief Executive Oliver Samwer wants to invest in the tech sector, but didn’t offer a time frame as to when the company will deploy its cash.

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Yandex Eats Up Russian Market Share With Plus Membership, Smart Speaker

PYMNTS

Amazon , Google and Apple are all gunning to become the biggest name in the global smart speaker market, but Russia is one country that has been more or less left alone by the international tech giants. Over the past 20 years, Russia has instead been incubating its own tech giant, Yandex , which has grown to be something like the country’s own version of Google mixed with Uber — mixed, now, with Amazon, as the company debuts its Prime-like Yandex.Plus membership and Yandex.Station smart speaker.

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QR Codes Are Gaining A Brighter Profile

PYMNTS

The QR Code has been enjoying some love and attention over the past few weeks, though the prospects for the digital payment tool remain relatively limited outside of Asia, at least according to one report. First up, EMVCo, the global technical body that manages those payment specifications, just introduced what it calls a QR Payment Mark. The idea is to “promote global interoperability across EMV QR Code payments,” the standards group said in a statement.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

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.