Sat.Oct 28, 2017 - Fri.Nov 03, 2017

article thumbnail

Investors Tap Into The Promise Of High-Tech Data Analytics In The Enterprise

PYMNTS

It was a busy time for B2B venture capital this week, and while funding ranged across verticals from expense management to SaaS, there was a clear theme in investment rounds: high-tech data analytics. Startups deploying machine learning and artificial intelligence (AI) capabilities are focused on improving corporate processes — from identifying fraud to testing software to managing employee effectiveness.

article thumbnail

Google Shuts Off Flight Fare Search API

PYMNTS

Google announced that it will be shutting off developer access to its QPX Express API service, which automates data for airfare search engines. According to a news report from The Verge , the move could affect third-party travel sites, such as Orbitz and Expedia. It’s also a sign that Google is becoming increasingly interested in competing with the big names in travel services.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Philips Lighting Is Working To Light The Path Toward Smart Cities

PYMNTS

In the modern age, seemingly everything has an added dose of intelligence built into it. Phones, homes and appliances are smart, even mundane items like floss, too — but what about the cities in which people live? Most people may not associate inner-city infrastructure or gridlock with artificial intelligence (AI), but there is an effort underway from Intelligence of Things (IoT)-enabled technology providers to solve those problems — and other issues plaguing cities — with the help of smart tech

article thumbnail

Samsung Pay: From Mobile Payment Method To Commerce Enabler

PYMNTS

Two years ago, when Samsung Pay entered the mobile payments scene, it did what Apple and Android a year before it had not: It made mobile payment capabilities at the physical point of sale (POS) more or less ubiquitous right out of the gate. This new digital way to pay was made possible via technology that Samsung acquired, called “magnetic secure transmission” — MST — the very same technology that enables merchant point-of-sale terminals to accept a mag stripe card for payment.

article thumbnail

How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

article thumbnail

Visa Greenlights Singapore Prepaid Cryptocurrency Card

PYMNTS

Singapore residents will soon be able to make purchases with a prepaid Visa card backed by the cryptocurrency platform Monaco. “Our team has worked incredibly hard over the past year to achieve this milestone. This is an important step towards Monaco’s vision to introduce cryptocurrency to the mass market,” said Kris Marszalek, co-founder and CEO of Monaco, in a press release. “We believe that the Monaco card program lays solid foundation for Monaco’s growth, and we

Legal 54
article thumbnail

Why The Enterprise Struggles With Safeguarding Cloud Apps

PYMNTS

After years of doubt, financial professionals are trusting the cloud. Research released last month by Adaptive Insights found 73 percent of surveyed CFOs trust the cloud to host their financial data today. That trust has permeated the financial services industry, too, as banks begin to migrate data and apps to the cloud and FinTechs launch entirely on cloud infrastructure.

More Trending

article thumbnail

Corporates Lack Visibility Into Travel Spend Methods, GBTA Finds

PYMNTS

Small- and medium-sized businesses (SMBs) often lack visibility into how their traveling employees are making payments and spending company money, finds a new survey from the Global Business Travel Association (GBTA) Foundation, which was released on Tuesday (Oct. 31). Highlighting some of the key findings of its 2017 Business Travel Payments Study, which was conducted in conjunction with AirPlus International, the GBTA Foundation found that cash continues to play a significant role in how trave

Finance 53
article thumbnail

TRENDING: Lassoing Loyalty And Rewards Into One Mobile Program

PYMNTS

Whether a company is looking to expand its customer base by debuting a new product or into a new geographic market, sometimes it is easier to get by with help from a strategic partner. In the November edition of the mPOS Tracker™ , PYMNTS explores how mPOS technology developers have recently partnered with an eye on bringing in and converting more customers.

Sales 51
article thumbnail

Small Business Borrower Sues Kabbage

PYMNTS

A small business (SMB) in Massachusetts borrowing funds via marketplace lender Kabbage has sued the platform, igniting new debate in the conversation over the definition of a “true lender,” according to reports in the National Law Review on Tuesday (Oct. 31). On Oct. 12 of this year, a small business owner sued Kabbage, Inc. and Celtic Bank in a federal court in Massachusetts.

article thumbnail

FCA Explores How To Include More SMBs In FinServ Protections

PYMNTS

In business banking news, the U.K.’s Financial Conduct Authority (FCA) plans to propose an extension of its jurisdiction from serving individuals and micro-businesses to also include small and medium-sized businesses (SMBs). The proposal comes in the wake of multiple small business banking scandals , reports in the Financial Times said Wednesday (Nov. 1).

B2B 51
article thumbnail

Planning Your Restaurant's 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.

article thumbnail

Jack Ma, 21st-Century Renaissance Man, To Star In Film

PYMNTS

When people talk about the eCommerce giants “getting into movies,” usually they’re talking about digital content – offering films, TV shows, and even their own exclusive content for download at whatever a la carte or subscription rate is lower than what that other eCommerce guy is charging. This time, however, Alibaba founder Jack Ma is literally getting into movies – or at least, one movie.

51
article thumbnail

FiServ Q3 Posts Low Single Digit Payments Growth

PYMNTS

Financial services technology firm Fiserv reported results for the third quarter that showed top line growth even as some revenue streams were pressured. Earnings missed consensus estimates. The company said that earnings were $1.27 on a adjusted basis, below the projected earnings of $1.31. The top line came in at $1.40 billion, gaining from the third quarter of 2016, where revenues were $1.38 billion.

article thumbnail

TRENDING: Putting IT Professionals Through Cyberattack Boot Camp

PYMNTS

The recent Equifax data breach and a string of ransomware attacks in Europe have raised several questions around cybersecurity. And, arguably, one of the most important questions is how businesses and FIs prepare to respond to the next cyberattack. The November edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, examines the latest efforts by businesses and governments to make faster payments both more widely accessible and secure.

article thumbnail

Amazon Stopping Fresh Delivery Service In Several States

PYMNTS

Amazon has notified customers in at least nine states that the Amazon Fresh grocery delivery service will be closing in certain neighborhoods later this month. According to Recode , Amazon Fresh customers in parts of New Jersey, Pennsylvania, Delaware, Maryland, California, New York, Connecticut, Massachusetts, and Virginia have received the notices.

article thumbnail

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

article thumbnail

Western Union Taps MineralTree For Cross-Border Supplier Payments

PYMNTS

Accounts payable (AP) firm MineralTree is teaming up with Western Union to help companies pay suppliers overseas. An announcement Tuesday (Oct. 31) said MineralTree will integrate its AP solutions into the Western Union offering, enabling business customers of Western Union to pay their vendors across borders. The integrated solution also syncs with accounting and enterprise resource planning (ERP) systems, automates data capture and purchase order matching and offers several security features.

article thumbnail

Apple Engineer Fired After Revealing iPhone X Details

PYMNTS

An Apple engineer was reportedly fired last week after his daughter posted a video of the iPhone X before it was released, reported the Verge. According to the news report , the engineer’s daughter, Brooke Amelia Peterson, visited Apple’s campus to see her father and recorded a video of the iPhone X. She then published a vblog that included the trip to Apple.

article thumbnail

Mastercard Stock Rises On  Q3 Growth, Falls On Regulatory Concerns

PYMNTS

Mastercard came out ahead of Wall Street’s forecasts when its Q3 earnings report hit the wires before the markets opened yesterday – notching a beat on both earnings and revenue, with significant growth in transaction volume and global market share. Markets rewarded the good news with a 1.8 percent increase in share price during premarket trading. Most of those gains, however, were lost later in the day following Mastercard’s separate announcement of a potential regulatory fine from the Europea

Florida 49
article thumbnail

Remitly Raises $115M Series D

PYMNTS

Remitly, an independent digital remittance company, announced that it had agreed to raise up to $115 million in series D funding, according to Business Wire. PayU, a FinTech investment division of Naspers, will lead the investment round. Remitly investors Stripes Group, DFJ and DN Capital will also be joining the round, Business Wire reported. The CEO of PayU, Laurent le Moal, will join Remitly’s board of directors as a result of the investment.

article thumbnail

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.

article thumbnail

Chase Finds Veterans Gearing Up To Sell Their Small Businesses

PYMNTS

Small business (SMB) ownership is preparing for a shakeup in the coming years as more entrepreneurs plan to exit and sell their companies between now and 2022. New data released from Chase in its Business Leaders Outlook report, published Wednesday (Nov. 1), highlighted the upcoming changing-of-hands of small businesses in the U.S., with 29 percent of small businesses saying they plan to transition ownership of their companies sometime in the next five years — up from 20 percent only a year ago.

article thumbnail

What We Can Learn From The KRACK WiFi Loophole

PYMNTS

Only you can prevent forest fires. And, as the KRACK WiFi vulnerability perhaps demonstrated, only you can prevent hackers from worming their way into your networks and devices, as even established security measures that are presumed to be stable may not be as secure as we think. As much as consumers, organizations and retailers rely on wireless networks to be secure – indeed, even take it for granted – the fact is that vulnerabilities do exist.

article thumbnail

Finding The Right Loot For A Rarified Audience

PYMNTS

They say it’s the golden era of the American geek. There’s a new Star Wars scheduled to be released every year between now and the end of eternity, super hero movies are now the fall alternative to the ponderous think pieces that seek out Academy Awards and streaming services exist to feed the geek need for media. And, in an environment where geek taste is ascendant, there is Loot Crate , the subscription service meant to keep geeks well-supplied with the nerdy memorabilia and specialty items t

Gaming 46
article thumbnail

Fraudsters And The Retail Identity Crisis

PYMNTS

Mastercard came out ahead of Wall Street’s forecasts when its Q3 earnings report hit the wires before the markets opened yesterday – notching a beat on both earnings and revenue, with significant growth in transaction volume and global market share. Markets rewarded the good news with a 1.8 percent increase in share price during premarket trading. Most of those gains, however, were lost later in the day following Mastercard’s separate announcement of a potential regulatory fine from the Europea

Retail 45
article thumbnail

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.

article thumbnail

The Matchmaker Is In: Bootler, the Kayak Of Online Food Delivery

PYMNTS

[link]. Pizza or Chinese, sushi or Indian? Deciding where to order food has always been a point of group contention. Michael DiBenedetto, founder and CEO of Bootler, was having just such an argument when he sensed a friction point in the food delivery industry and decided to do something about it. One night while working late at a previous startup, DiBenedetto and his coworkers decided to order food.

article thumbnail

Corona’s Parent Company Gets Into Pot

PYMNTS

Constellation Brands , a beer distributor that owns Corona, announced that it has signed an agreement to buy an almost 10 percent stake in Canopy Growth Corporation , the world’s largest publicly traded cannabis company. The deal is expected to approximate C$245 million, representing an ownership interest of 9.9 percent of Canopy, plus warrants that give Constellation the option to purchase an additional ownership interest in the future.

Legal 44
article thumbnail

Millennial Entrepreneurs’ Optimism Is Booming — Here’s Their Top Concern

PYMNTS

As millennials continue to grow their presence in the small business (SMB) community, the dynamics of SMB finance are also changing. According to some experts , millennial small business owners no longer accept mediocre or sub-par services from their financial providers. They demand technology and an all-around better banking experience. Whether financial institutions are ready or not, the millennial entrepreneur is a rising force in their customer base.

article thumbnail

UBS CEO More Interested In Blockchain Than Bitcoin

PYMNTS

As UBS continues its exploration into blockchain technology, the financial institution’s (FI) CEO Sergio Ermotti told reporters at CNBC his views on the tool. Reports on Friday (Oct. 27) highlighted Ermotti’s remarks on blockchain, as the CEO explained he has more faith in the future of distributed ledger technology than in that of cryptocurrencies.

Finance 43
article thumbnail

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.

article thumbnail

Big Banks Put The Brakes On Retailer Loans

PYMNTS

The country’s largest banks, JPMorgan Chase & Co. , Bank of America and Citigroup, are reducing loans to retailers at a time when the industry is also facing doubts from bond investors. According to TheStreet , JPMorgan , the largest U.S. bank by assets, cut its total exposure to consumer and retail companies by 3.6 percent last quarter to $87 billion as of September 30.

Retail 43
article thumbnail

Theory Of Payments Evolution: EMV Will Get Better With Age

PYMNTS

If there is one universal truth in payments, it’s that the easier a process feels to consumers, the more difficult it was to implement on the back end. Such is the case with EMV — the chip that allows customers to pay with a credit card by inserting or “dipping” it into a point-of-sale (POS) card reader instead of swiping the old mag stripe. Consumers have eagerly embraced the EMV chip, believing it to be more secure, but merchants have not been so quick to open their arms to the new method, eve

Sales 43
article thumbnail

Bitcoin Value Exceeds $6K And Hits $100B Market Cap

PYMNTS

As of today (Oct. 31), every Bitcoin will be worth approximately$6,125, according to reports from Bloomberg. The value of the digital currency has hit new highs after exceeding the $5,000 and $6,000 price points for the first times earlier this month. In total, Bitcoin is worth more than $100 billion, Bloomberg reported, meaning more than half of cryptocurrency is comprised of Bitcoin.

article thumbnail

Pomelo’s Fast Fashion, Affordable Pricing And Global Ambitions

PYMNTS

Launched in Thailand in 2014, Pomelo has always had a bigger vision for its fast fashion eCommerce shop as a global brand bringing value to fashion forward consumers, wherever they may happen to be buying. “The whole way people experience fashion has changed,” CEO David Jou noted in an interview. “They want international branded fashion, [and] with Instagram and Snapchat, trends are no longer local.

article thumbnail

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.