Sat.Sep 15, 2018 - Fri.Sep 21, 2018

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Amazon Now Up And Running In Turkey

PYMNTS

Amazon.com announced Wednesday (September 19) that it launched in Turkey, enabling consumers in the country to shop from millions of products over the internet. In a press release , Amazon said Amazon.com.tr is now live, featuring products in 15 different categories including books, consumer electronics, sports, outdoor, tools and more. “Our mission at Amazon is to be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online, at great pri

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Shifting Lanes: How Updated Lease Accounting Standards Are Affecting Dealerships

Katz,Sapper&Miller

Most auto dealers participate in leasing in some way, whether they are leasing a building or equipment, operating as a lease here – pay here (LHPH), or are lessors of real estate. That means nearly all auto dealers will be impacted by the Financial Accounting Standards Board’s (FASB) update to the accounting standard for leases under U.S. generally accepted accounting principles (GAAP).

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AR And VR Sizzle At Macy’s And Walmart, Amazon And Danske Bank Fizzle

PYMNTS

Sizzle Of The Week: AR/VR’s Retail Gains. Augmented reality (AR) and virtual reality (VR) have spent much of 2018 generating buzz as a potential tool for retailers looking to bridge the digital/physical gap and deliver an all-encompassing, omnichannel shopping experience. Retailers and merchants — big and small — have come running to the tech. Some of the luminaries on the field include Target , Walmart, Amazon , eBay , Macy’s, Ikea and Airbnb , all of which have made some type of notabl

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Uber In Talks To Buy Deliveroo As It Focuses On Food Delivery

PYMNTS

Uber Technologies, the ride-hailing company, is reportedly in early-stage talks to acquire Deliveroo , the food delivery company. Bloomberg , citing people familiar with the plans, reported the deal could be worth several billion dollars. Deliveroo , which is based in the U.K., was most recently valued at greater than $2 billion, noted Bloomberg. Acquiring the startup would be a big effort on the part of Uber to lead in the food delivery market in Europe.

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Planning Your Restaurants 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.

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PNC’s Treasury Unit Joins RippleNet For Cross-Border Payments

PYMNTS

The treasury management unit of PNC Bank is joining RippleNet, the firm said on Wednesday (Sept. 19). PNC Treasury Management joined the Ripple cross-border payments network that uses blockchain to facilitate global transactions. As members of the network, corporate customers of PNC Treasury Management will be able to receive cross-border payments, the FI said, adding that the solution can help them receive payments against their invoices more quickly for streamlined accounts receivable.

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Cognitive/AI Business Spending Expected To See Strong Growth

PYMNTS

Spending on cognitive and artificial intelligence (AI) systems is expected to see continued strong growth as businesses invest in projects in those areas. According to market research firm International Data Corp.’s Semiannual Cognitive Artificial Intelligence Systems Spending Guide , spending on cognitive and AI systems will reach $77.6 billion in 2022, more than three times the $24.0 billion forecast for this year.

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Amazon Launches API For Alexa Gadgets

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Amazon announced on Tuesday (Sept. 18) the launch of a new API, dubbed Alexa Gadget Toolkit, which is aimed at creating more functions for the Alexa Gadgets. According to Amazon, Alexa Gadgets are accessories that pair to compatible Echo devices via Bluetooth and extend Alexa’s abilities with motors, lights and sound chips, among other things. The toolkit offers developers self-service APIs, including Gadget Interfaces, which provide the metadata of Alexa capabilities on compatible Echo devices.

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Amazon To Launch Storefront That Sells US SMB Products

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Amazon.com Inc. is reportedly gearing up to launch a new store later Monday (September 17) where consumers can shop the U.S. small and medium sized businesses that sell on the platform. According to a report in FoxBusiness.com, the store is being called Amazon Storefronts and gives customers access to a more than one million products from close to 20,000 U.S. businesses.

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Stripe Rolls Out Stripe Terminal To Support In-Store Payments

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Stripe, the payments company, announced on Monday (Sept. 17) the launch of Stripe Terminal, a product that will enable online businesses and platforms to accept in-person payments with Stripe. In a press release, Stripe said Stripe Terminal extends its infrastructure to the physical world, enabling developers to build custom payment experiences for in-person transactions in the same way they have been doing it for online merchants.

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Taxify Beats Uber In Africa

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Taxify , the African ride-hailing app company, is ahead of Uber Technologies, moving from an Estonian startup to a tech unicorn within five years, reported The Wall Street Journal ( WSJ ). According to a report in the paper citing Taxify, the company has 2.4 million active users in six African countries including Uganda, South Africa, Nigeria, Tanzania, Kenya and Ghana.

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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

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PwC Finds Blockchain Distrust High, Even As Adoption Accelerates

PYMNTS

The financial services (FinServ) market is, by far, ahead of other industries when it comes to blockchain innovation and adoption, according to data released this year by PricewaterhouseCoopers (PwC). Much of that innovation has been focused on corporate finance and payments, as top financial services players have introduced new blockchain solutions in an effort to disrupt and improve corporate payments.

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Anatomy Of A Bank Heist, SWIFT-ly Done By Phishers

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Phishers caught a big one — any way it’s sliced, $81 million is a big haul. The fraudsters who hacked their way into the Bangladesh central bank two years ago got there by getting into software tied to the SWIFT financial platform. The way they got there? By casting a line by email, of course, offering a cautionary tale for anyone who sees a link they are quick to click.

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SAP Ariba Tapped To Digitize LATAM Cosmetics Supply Chain

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SAP has been chosen by cosmetics company Grupo Boticário to digitize its cosmetics supply chain, reports said on Wednesday (Sept. 19). Based in Brazil, Grupo Boticário is a leading manufacturer of cosmetics and perfume. The company has points of sale across 13 countries, according to reports in Retail Times. In an announcement, Grupo Boticário said it has chosen SAP and its SAP Ariba solution to digitize its supply chain and procure-to-pay processes.

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Switzerland Eases Blockchain Firms’ Access To Corporate Bank Accounts

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Switzerland is reportedly exploring ways to make it easier for blockchain companies to open corporate bank accounts as the government moves to prevent those innovators from leaving the country. Reports in Reuters on Friday (Sept. 21) said the Swiss Bankers Association (SBA) is taking measures to address what the publication described as an “exodus” of blockchain projects from Switzerland.

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No-Code Technology: The Key to Unlock the Future of Your Business

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.

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Hacker Attack Exploits Security Hole In Token Exchange

PYMNTS

A cyberattack on what’s been described as a “decentralized” token exchange reportedly has led to a $58,000 theft and an illustration of a “shocking security vulnerability.”. According to a report in The Next Web , hackers flooded the exchange with “one billion fake EOS.” EOS refers to “a decentralized operating system [that] is developed to support decentralized applications in commercial scale by providing them [with] all the essential support and features,” as per one common definition.

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R3’s Marco Polo Releases First Product: Receivables Discounting

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Marco Polo, the blockchain-powered trade finance platform developed by R3 and TradeIX , has launched its first product following the completion of bank partners’ proof of concept. Reports in Global Trade Review said on Wednesday (Sept. 19) that Marco Polo’s receivables discounting solution is now live on the platform. Banks participating in the initiative, including BNP Paribas, Commerzbank, ING and Standard Chartered, can begin piloting the solution next month.

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Entersekt Names Christian Ali Head Of Canadian Ops

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Entersekt , the push-based authentication and mobile app security company, announced that it has appointed FinTech veteran Christian Ali as its country manager of Canada. The news comes as Entersekt continues its expansion into the United States and Canadian markets. Ali has spent more than 20 years in the payments and digital identity spaces, working as an executive at Dream Payments, SecureKey, and EnStream.

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Flipkart In Talks For Stake In Streaming Service Hotstar

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Flipkart , the Indian eCommerce company owned by Walmart , is in discussions to acquire a stake in Hotstar , the video streaming service owned by Star India. Reuters , citing Mint, the daily, reported the move comes at a time when demand for video streaming in India is growing, with companies like Netflix and Amazon Prime Video doing brisk business in the country.

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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.

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Government Payment Service Leaks Data On 14M Customers Online

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Government Payment Service , the company that enables online payments for thousands of U.S. state and local governments, has inadvertently made available information on more than 14 million customers from as long as six years ago. According to a report in KrebsOnSecurity , the data includes names, addresses, phone numbers and the last four digits of credit card numbers.

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Amazon Go Debuts In Chicago

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Amazon Go has launched another store, this time in the Windy City. According to Venture Beat , the Chicago store is located at 113 S. Franklin Street, and offers standard convenience store fare that includes breakfast, lunch and dinner meal kits and hot food. The location will only be open on weekdays from 7 a.m. to 8 p.m. This is the fourth Go store and the first to open outside of Amazon’s hometown of Seattle.

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UnionPay To Roll Out Branded Card In The UK

PYMNTS

China’s UnionPay , the payment card issuer, is gearing up to roll out branded cards in the U.K. as it expands more into Europe, aiming to take on Visa and Mastercard. According to a report in the Financial Times , with UnionPay facing increased competition in its home market from the likes of Alipay and WeChat Pay , it is setting its sights on expansion.

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Flipkart Launches Cashless Credit, Eyes Non-Banking License

PYMNTS

Flipkart has launched a cashless credit program to give shoppers an instant credit line of up to Rs 60,000 ($833.97 USD). According to DealStreetAsia , depending on credit history and past shopping patterns, customers can receive the instant credit line, then have the option to pay for products they buy on the site later in month, or through easy monthly installments (EMIs).

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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.

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Facebook Has Been Trying To Obtain Financial Information For Years

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Facebook may be under fire for how it handles the data on its more than two billion monthly active users, but the social media company has been trying to get its hands on financial information from the financial services firms for years, reported The Wall Street Journal. According to the report, which cites people familiar with the matter and documents reviewed by the paper, as late as 2017 Facebook urged financial firms to let them use customer data that comes from its Messenger platform for ad

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Walgreens Partners With Alibaba To Offer Beauty Brands On Tmall Global

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Walgreens Boots Alliance and Alibaba Group Holding have announced the launch of a Boots flagship store on Tmall Global , Alibaba’s B2C platform for international brands and retailers. The partnership will offer Boots beauty brands to more than half a billion consumers in China, including No7, Soap & Glory and Boots Cucumber. Launched in 2014, Alibaba’s Tmall platform is China’s largest B2C marketplace for both Chinese and international brands and retailers, allowing those without a presence

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$6.2B Settlement Reached On Visa, Mastercard Swipe Fees

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A $6.2 billion settlement has been reached by Visa, Mastercard and several U.S. banks over a suit brought by merchants over what is commonly known as “swipe fees” — a name for the fees that are paid by those merchants when they accept credit card payments. The settlement had been anticipated over the past few weeks, as evidenced by news reports over the summer.

Legal 70
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What, Now, Of The Used Car In An Autonomous Future?

PYMNTS

Let us now praise the used car. Let us praise the used automobile, even as self-driving cars and trucks promise to disrupt the automotive industry and culture — and the larger economy — in ways as significant as the construction of the interstates and the success of imported vehicles in the U.S. market. Let us now praise the used car, even as observers looking into the long term can see pictures of their decline.

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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.

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Square Eyes Banking Services Via Cash App

PYMNTS

Square is in consideration of offering traditional banking services through its peer-to-peer (P2P) payment app. At Recode’s annual Code Commerce conference in New York on Tuesday (Sept. 18), Square Chief Financial Officer Sarah Friar admitted the company is considering “lots of ideas,” including savings products and allowing customers to trade stocks. “Anything you do today with a bank account, you should look to the Cash App to begin to emulate more and more of that,R

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Sinemia Launches Movie Ticket Subscription Service With No Restrictions

PYMNTS

Sinemia , the global technology company, announced on Monday (Sept. 17) that it has launched a movie ticket subscription in the U.S. in which subscribers can access any movie in any format at any theater and at any showtime. In a press release , Sinemia said the service, which is already available in the U.K., Canada, Turkey and Australia, is now live in the U.S. “As a tech startup with a passion for movies, our goal is to create a more elevated movie-going experience via offline and onlin

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ALDI Expands Online Grocery Delivery To All US Stores

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ALDI has announced that it is expanding its online grocery delivery service to all of its stores in the United States. According to Chain Store Age , the German supermarket company will use its partnership with Instacart to roll out the service to 75 major markets, including San Diego, New York City, Miami, Raleigh and Minneapolis. By Thanksgiving, it will be available in 5,000 new areas in 35 states.

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Today In Data: The High Cost Of Falling Behind In Payments

PYMNTS

In a world that is moving quickly – and often in a lot of new directions at once – staying caught up is hard, and often costly, work. But the costs of falling behind are generally greater, as consumers and businesses gravitate to providers that can consistently and ubiquitously meet their needs. It’s why real-time payments have become a hot topic, and businesses across the board are rushing to embrace them.

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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.