PYMNTS
AUGUST 2, 2017
Good news for FinTech startups: in the U.S., venture capitalists have been boosting their activity in the market, with Q2 FinTech investments regaining its strength, according to analysts at KPMG. The firm’s Pulse of FinTech report for Q2 2017, released this week , found overall FinTech funding in the U.S. increased to $2 billion in the quarter, up from just $500 million in Q1.
Katz,Sapper&Miller
JULY 31, 2017
Celebrating an anniversary is a notable milestone for any company, but a 75th anniversary is a monumental one. When Katz, Sapper & Miller was established in 1942, it was a single office with only two employees.
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PYMNTS
AUGUST 4, 2017
Cyberattacks have become so common that criminals don’t even have to launch one in order to get victims to pay up; all they have to do is threaten. The distributed denial-of-service (DDoS) attack has made a massive resurgence in Q2, particularly Ransom DDoS, or RDoS. In an RDoS attack, cybercriminals threaten to launch a DDoS attack on a victim’s critically important online resources if they don’t pay up.
PYMNTS
AUGUST 4, 2017
When Visa announced its Cashless Challenge a few weeks ago, it obviously hoped to make some news. After all, directly incentivizing 50 food-focused small- and medium-sized businesses (SMBs) to opt out of accepting cash entirely — with $10,000 to help pay for technology upgrades — is definitely a newsworthy way of waging the war on cash. So, although the big interest in the program was not entirely surprising to Visa’s global head of product, Jack Forestell, the depth of that sector’s interest in
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PYMNTS
AUGUST 4, 2017
Payworks, a provider of point-of-sale (POS) payment infrastructure, announced news on Thursday (Aug. 3) that its payment gateway technology will be supporting the integration of Alipay, the mobile payment provider operated by Ant Financial Services Group, for mobile payment providers and Chinese consumers across the EU. In a press release, Payworks said to increase the speed of market penetration in Europe, Alipay partnered with Payworks for technology support.
PYMNTS
AUGUST 4, 2017
With mPOS technology, consumers around the world can pay for purchases with a tap on their phones, and businesses can accept payments from practically any payee in any country through a mobile device. In the August edition of the mPOS Tracker™ , PYMNTS explores how mobile devices are making an international impact. The Tracker also looks at how mobile just leveled the playing field for golf fans, metaphorically, by facilitating concessions delivery service at the recent British Open Championshi
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
AUGUST 4, 2017
Procure-to-pay company Zycus is stepping into the middle market. The company announced Thursday it is launching a source-to-pay program for mid-market companies and small, high-growth firms looking to improve their procurement functions. The program is called Zycus Genesys. The launch of Zycus Genesys signals the company’s expansion into the mid-market as it looks to automate procurement operations for its business customers.
PYMNTS
AUGUST 4, 2017
For eCommerce businesses, income and expenses are closely linked. After all, you have to spend money to make money, and for sellers, the costs of logistics and shipping are a necessary expense in order to make a profit when sending their goods out. But for many of these businesses, which are often SMBs or operate as seasonal companies, working capital is tight and uneven, says Pitney Bowes VP Global Financial Services Chris Johnson.
PYMNTS
AUGUST 2, 2017
Between automated checkout lines, online grocery ordering and meal kit services, it seems like the inexorable tide of progress is determined to wipe out millions of jobs across the retail and grocery sectors. And those are just the new technologies getting the most press. Financial services firm Cornerstone Capital Group projected that robots will capture between 6 million and 7.5 million jobs over the next 10 years, slashing the 16 million-strong retail workforce by 38 percent.
PYMNTS
AUGUST 3, 2017
Fraudsters are good at what they do. Payments got faster, but so did criminals. Banks built more defenses, and bad guys jumped over them with glee. But Uri Rivner, BioCatch co-founder, head of cyber strategy and vice president of business development, said in a recent webinar with PYMNTS’ Karen Webster that things are getting better — and the U.S. has a chance to learn from the U.K.’s mistakes.
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
AUGUST 1, 2017
To say direct-to-consumer retail practices have had an impact on the manufacturing industry would be an understatement. With eCommerce a major proponent of the direct-to-consumer (DTC) channel and showing no signs of slowing down, the retail industry landscape has been forever changed. Outside of brick-and-mortar stores being on the receiving end of some crucial direct-to-consumer blows, one area that’s seen a major transformation is behind the scenes with the retail manufacturing industry.
PYMNTS
AUGUST 1, 2017
Small businesses may be interested in innovative technologies, but only a few are willing to make the leap — and the investment — necessary to actually implement tools into their businesses. The latest research from the SMB Technology Adoption Index , for example, revealed news that just 13 percent of U.S. SMBs are willing to embrace innovative technologies beyond moderate use of new solutions.
PYMNTS
AUGUST 3, 2017
The faster payments get, the less tolerable waiting becomes for customers, businesses and other financial players. But in late July, one of the biggest waits in the payments industry came to an end. The August Faster Payments Tracker™ , powered by NACHA , highlights notable news and developments from across the faster payments landscape, including coverage of the long-awaited release of the Federal Reserve’s Faster Payments Task Force report on how to improve the U.S. faster payments system, ef
PYMNTS
AUGUST 4, 2017
Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. faster payments system. The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial techn
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
PYMNTS
AUGUST 4, 2017
In wearable technology news, Beijing-based electronics company Xiaomi is now the top wearable. The Chinese tech giant finished off the second quarter of 2017 with the highest market share of any individual wearables brand. According to Digital Trends , Xiaomi reportedly shipped 3.7 million wearables in the second quarter, beating out both Fitbit at 3.4 million and Apple at 2.8 million.
PYMNTS
AUGUST 3, 2017
New data from insolvency firm Begbies Traynor may set off alarm bells: The number of U.K. businesses considered to be in “significant” financial distress has spiked. A report released from the company this week found a 25 percent year-over-year increase in the number of companies categorized as being in significant financial distress in Q2, the largest yearly increase the firm has seen in three years, it said.
PYMNTS
AUGUST 3, 2017
Retail is undergoing a transitional time and merchants are starting to implement more innovative ways of attracting consumers. One of the latest companies looking to take a new approach to reaching consumers in a more convenient fashion is Japan-based clothing retailer Uniqlo with the launch of its vending machines. What makes this offering unique is that these vending machines will dispense clothing items for those on-the-go consumers looking for las- minute items to help with unexpected weathe
PYMNTS
JULY 31, 2017
No one likes to sit on the tarmac. No one likes to chase their luggage across time zones due to logistics snafus. No one likes to be bumped from a flight. But just about everyone likes an apology when those things happen. And money, too. As many as 234 million people will take to the skies worldwide this summer alone, according to stats from industry trade group Airlines for America.
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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.
PYMNTS
AUGUST 1, 2017
Chatbots are everywhere these days and are hot topics of conversation among retailers. Learning how to best leverage this relatively new interactive revenue option with smart technology and artificial intelligence (AI) that provides instant consumer feedback, automates routine processes and enhances overall retail operations makes chatbots alluring.
PYMNTS
AUGUST 4, 2017
Timberland, the shoemaker, has rolled out a concept store that will be completely overhauled and stocked with new products every six weeks to help enhance its customer service and the retail experience. According to a report announcing the news, the new brick-and-mortar format will be located in a mall in Pennsylvania and will be called Timberland Tree Lab.
PYMNTS
JULY 31, 2017
Is the credit union market ready for its close-up? It’s a market that is showing clear signs of growth. In fact, the federally backed National Credit Union Administration (NCUA) reported credit union membership grew by 4.3 million in Q2 of this year alone, with the value of loans held by credit unions now almost at $885 billion. To keep tabs on the latest developments in the credit union landscape, enter the PYMNTS Credit Union Tracker™, powered by CO-OP Financial Services.
PYMNTS
AUGUST 1, 2017
QR codes are making waves in the digital payments arena. What was once just a way to encode information made available upon scanning with a connected device is making strides outside of its traditional space. EMV managing leg EMVCo has shared news of its two new QR code payment offerings, but Mastercard’s Masterpass QR is gaining traction in areas around the world.
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PYMNTS
JULY 31, 2017
If a marketplace can work for aggregating goods from disparate providers, why not for services, too? After all, service industries make up more than three-quarters of the United States’ total GDP — and four out of five jobs. Why should merchants be the only ones who get to leverage the speed, convenience and low-friction environment of the online marketplace?
PYMNTS
JULY 31, 2017
A new report from FIS finds small businesses continue to feel fed-up with their big banks, despite a rebound in large bank loan approval rates for SME borrowers. The research, published last week, found that there are more aspects to small business banking than borrowing money that are frustrating SME customers. According to the FinTech’s latest “ Performance Against Customer Expectations (PACE) Report ,” SMEs are unhappy with a lack of options for high-tech products and services, and as more sm
PYMNTS
AUGUST 4, 2017
Cyberattacks, ransomware attacks and more have taken businesses and people’s personal information and turned it upside-down over the past few decades. While a great source for information sharing, the online world has also opened millions to the possibility of one day having private information or their identities stolen. What was once safely tucked away in the filing cabinets of doctor’s offices, bank vaults and personal diaries is now open for potential dispersal to the world.
PYMNTS
AUGUST 3, 2017
Volvo USA — in partnership with the international payments experts at Flywire — is announcing a new program that will, among other things, make it easier for international students studying abroad in the States to lease (and pay for) a new vehicle to drive. The agreement between the firms will make it easier for the Volvo USA sale organization to support international receivables from said global students.
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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.
PYMNTS
AUGUST 2, 2017
Within the enterprise, there is an initial invoice associated with any purchase, but the payments don’t stop there. According to Apptricity CEO Tim Garcia, if a company buys, for example, a laptop or a fleet of several thousand vehicles, there are future payments associated with those assets, like maintenance and repairs. Tracking all of these payments is critical to businesses and government entities to not only understand how the company is making purchases, but also to manage corporate spend
PYMNTS
AUGUST 4, 2017
Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. This week alone saw two examples of those concerns in action: One U.S. lawmaker, Rep. Emanuel Cleaver II (D-Mo.) sent a letter to five alternative small business lenders operating in the country, inquiring about their business practices.
PYMNTS
JULY 31, 2017
“Everything must go” is typically a phrase reserved for big clearance or store closure sales. Speaking to the latter, what results from those brick-and-mortar stores shutting their doors can be devastating to many. After the last customer has been rung up and the last item has been sold from the store’s warehouse inventory, what’s left are usually several retail professionals looking for new employment.
PYMNTS
AUGUST 3, 2017
Accounts payable company MineralTree just gave a big show of support for commercial cards when it announced this week it is partnering with American Express (Amex) to offer companies an integrated platform to support supplier payments via virtual commercial card. But cards are a rarity in B2B payments, and even rarer in accounts payable (AP) compared with other segments of the space like corporate travel.
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"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.
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