Sat.Oct 21, 2017 - Fri.Oct 27, 2017

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Mastercard Introduces Consumer Control API

PYMNTS

On Monday (Oct. 23), Mastercard announced news of the launch of Mastercard Consumer Control, which allows consumers to view where their credit card information is stored online. The program is an API that displays where payment details are kept, allowing cardholders to understand how that information is being used. “As digital payments continue to evolve, cardholders have more and more options to enable new types of devices for payment and to pay in new ways online and in-app,” said Jessica Tur

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'Grow Your Restaurant' Podcast: Natalie Walston of the Ohio Restaurant Association

Katz,Sapper&Miller

In this episode, Natalie Walston, communications director at the Ohio Restaurant Association, joins us to discuss current legislation and the latest trends affecting restaurant owner-operators.

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Overstock, tZERO Eyeing Largest ICO Yet

PYMNTS

The Overstock.com subsidiary, tZERO , is planning to launch an initial coin offering (ICO), according to news from CNBC. The company wants to raise up to $500 million through sales of the new digital currency. Overstock.com is one of the most significant investors in the blockchain technology on which digital coins are based. The site accepts bitcoin as a form of payment and ranks among Google, Citi and Goldman Sachs as some of the major players in the cryptocurrency space.

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NovoPayment Launches API Platform In Latin America

PYMNTS

Earlier this month, NovoPayment , a digital finance and transactions firm, announced news of the launch of its Developer Hub, one of the first such platforms servicing Latin America, according to a press release. NovoPayment, based in Miami, offers financial and transactional services through a cloud-based platform, the company said. Its clients include banks, financial institutions and others throughout the Americas.

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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.

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Now Pay With Google Everywhere, With Anything Android

PYMNTS

If the promise of mobile payments is speed and convenience, delivering on the promise – and turning it into practice – is a bit tougher. Small screen, small window of time to get the transaction done. Session timeouts? You’ve had ‘em, no doubt, perhaps fumbling through passwords and shipping address details. The idea of commerce anytime, anywhere may give way to frustration anytime, anywhere.

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TSYS Q3 Marked By Transactions, Card Growth

PYMNTS

On Wednesday (Oct. 25), TSYS reported earnings results that showed organic revenue growth across its payments processing and card segments. TSYS earnings came in at $0.88 a share on an adjusted basis, $0.07 better than Wall Street predicted, and revenues on a net basis were up 8 percent to $852.7 million. Of that top line, Issuer Solutions was 46 percent of the tally, Merchant Solutions 33 percent and Netspend the remainder.

More Trending

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The Rising Fever of Account Takeover Fraud

PYMNTS

If fraud attacks are the flu, then the Equifax data breach was a raging fever: a symptom (albeit a dramatic one) of a larger illness that will almost inevitably infect any organization that hasn’t had its shots. And yet, despite headlines featuring Equifax, Sonic, Deloitte and Whole Foods – and cybersecurity companies consistently preaching that attacks are not a matter of “if” but “when” – many organizations are still not taking fraud prevention seriously.

Account 53
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TRENDING NOW: How IT Infrastructure Stunts FI Innovation

PYMNTS

When IT Becomes a Drag on Innovation. FIs want to innovate – 97 percent of banks and credit unions surveyed told PYMNTS they have focused on innovation over the past three years. So, what’s stopping them? If you ask the FIs, it’s all about IT infrastructure. For the inaugural edition of the PYMNTS Bank Innovation Readiness Index, an i2C collaboration , PYMNTS surveyed more than 200 FIs to find out what’s fueling, and frustrating, their payments innovation.

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At Money 20/20 Hackathon And Visa Challenge, OmniPark Wins Via Smart Cities

PYMNTS

In the midst of Money 20/20 , hacking abounds — well, hackathons, to be precise. Visa announced news on Monday (Oct. 23) that the team from OmniPark took both the top Visa prize and Money 20/20 grand prize at the annual confab. As part of those victories, the team takes home a prize package with several components, among them a $40,000 cash component split among team members and several tech devices ranging from iPhones to Fitbit Ionic wearable devices.

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Under Armour Launches ArmourBox

PYMNTS

Sports apparel retailer Under Armour has launched its own subscription retail service , Fortune reports. ArmourBox, launched Thursday (Oct. 19), offers consumers a selection of the company’s sportswear on a monthly basis. Under Armour joins established players like Birchbox, Trunk Club, Stitch Fix and Rent the Runway in the subscription box market.

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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.

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Affirm Mobile App Takes Honest Finance To All Online Merchants

PYMNTS

What are credit cards all about? If you said, “Payments – duh,” you’re only half right. The whole point of buying things on credit, is to give individuals more control over their household cash flow by allowing them to buy the things they need and want to buy over time. Affirm Head of Product Jack Chou , a recent transplant from Pinterest and formerly of LinkedIn, Google and Oracle, says that today, credit products must do better.

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TRENDING: Are Smart Lights The Key To Creating Smart Cities?

PYMNTS

Connected tech has become a staple of modern life. Everything from our cell phones to our homes and even simple appliances now come with embedded Intelligence of Things (IoT) technology. And, that IoT-enabled technology is increasingly being woven into the fabric — both literally and figuratively — of places and products that have the potential to be transformed.

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NEW STUDY: The Staggering, Rising Cost Of Account Takeover Fraud

PYMNTS

Account takeovers have become a new favorite for fraudsters over the course of just a quarter. And, in the wake of the Equifax breach that the exposed personal data of approximately 143 million Americans, the scheme will likely become even more popular with bad actors in the coming weeks and months. According to data from the October 2017 Global Fraud Index , a PYMNTS and Signifyd collaboration, account takeover use recently skyrocketed, climbing 45 percent in Q2 2017 alone.

Account 50
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Amazon’s Plans To “Cash In” On Mexican eComm Market

PYMNTS

With many shoppers in Mexico wary of credit card fraud and relying mostly on cash, Amazon has launched a new cash payment service in the country. According to a Reuters news report, the move will enable Amazon to expand its reach in Mexico and to compete with Walmart de Mexico , also known as Walmex, along with other retailers pushing Mexican consumers to shop online.

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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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Germany Leads New eInvoicing Standard For Europe

PYMNTS

Germany’s ZUGFeRD electronic invoicing (eInvoicing) standard is making ground across Europe. According to news from IDM on Friday (Oct. 20), the standard, which stands for “Central User Guide for Electronic Invoicing in Germany,” is more easily ready by Electronic Data Interchange (EDI) to transmit data from an invoice into existing enterprise resource planning (ERP) and accounting systems, as compared to other formats of “electronic” invoices like PDFs.

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How To Bring ‘Invisibles’ Into The Credit Fold

PYMNTS

How much of the U.S. population is financially vulnerable? That is, how many are walking the razor’s edge of solvency, and how many are on their second chance after a shock to their financial stability — such as job loss, work-related injury or a divorce that removed an income stream? More than you’d think, said Karen Webster. It’s a full 40 percent, according to a recent survey by PYMNTS.

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NEW INSIGHT: Vending Machines, Delivering Caviar Dreams

PYMNTS

Most anyone with a few dollars and some loose change can hit up a vending machine or unattended kiosk to grab chips or a candy bar. But, for consumers with more cash on hand or cards with higher spending limits, more luxurious items, including caviar and cars, can also be purchased through specialized vending machines. And, for the companies behind such goods, those machines provide value beyond sales themselves — they’re often equally about generating awareness and buzz.

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Four Things To Know About Balancing UX And Security In eCommerce

PYMNTS

What do consumers want? Merchants think they have the answers: ease, efficiency and instant gratification. Oh, and security, too – but not at the expense of that frictionless user experience. Merchants, it turns out, are wrong – at least about a large chunk of their consumers. Although some customers ( millennials : cough, cough) may value convenience above all else, that youthful sense of fiscal invincibility does not extend to their elders, who place a higher premium on transaction security.

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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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McDonald’s Owners Settle PA Payroll Card Class Action

PYMNTS

McDonald’s franchise owners in Pennsylvania have settled a lawsuit filed in 2015 over their use of payroll cards, news reports on Wednesday (Oct. 25) said. Owners of 16 McDonald’s locations across the state have agreed to pay nearly $3 million to hourly employees that joined a class action lawsuit against the fast food restaurant owners’ use of payroll cards they said were riddled with unfair fees.

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AIs Sizzle, ICOs Fizzle And Fraudsters Find A Way To Ruin Everyone’s Week

PYMNTS

Sizzle of The Week: Fraudsters. And for the record, making “fraudsters” a sizzle isn’t because we think it’s a good thing to do – but, unfortunately, they have earned it. And they’ve earned it not for lack of effort on the part of fraud and security professionals. Many of the best and brightest minds across payments, financial services, fraud and risk spend the vast majority of their time trying to find and fix the weak links that fraudsters could exploit for their own devious means.

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TRENDING: Voice Recognition Gets Its Own Backup Biometrics

PYMNTS

Another day, another security breach. The headlines have been littered with recent reports of fraudsters and hackers stealing consumer information from everyone from email providers to hotel chains and credit bureaus. But, despite the disastrous news, there is reason for optimism in the fight against fraud. Over the past month, several providers debuted solutions to combat cyberattacks by employing new innovations and technology.

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Citizens Looks Toward Collaboration To Greet B2B Payments Disruption

PYMNTS

Embracing electronic B2B payments is a two-way street: Payers and payees alike have to put in the effort to make the change. But there is a third party involved in this transition that plays a huge role in businesses’ ability to put down the paper: the bank. Financial institutions (FIs) are figuring out that FinTechs can offer the platforms and technologies companies need to make this shift easier.

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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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Why Faster B2B Payments Is A Marathon, Not A Sprint

PYMNTS

TransCard CEO Greg Bloh knows that paper checks are a sticky challenge in B2B payments. “There are well-documented instances of how much reliance organizations still have on checks, even though this has been something that has been trying to be addressed for 10 to 15 years,” he recently told PYMNTS. “There are still a lot of checks and traditional means of pain that businesses have not been able to move away from.”.

B2B 45
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Groupon Partners With Points To Launch Loyalty Commerce Initiative

PYMNTS

Points , the global leader in powering loyalty commerce, announced a partnership with Groupon to supply new loyalty offers to its extensive user base. When Groupon’s U.S. users make a purchase, they can now choose an incentive of up to 10 points or miles per dollar spent from some of the world’s leading loyalty programs , including the Alaska Airlines Mileage Plan, Choice Privileges, IHG Rewards Club, JetBlue’s TrueBlue loyalty program, La Quinta Returns and others.

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Countingup Lands $750K For Entrepreneur Banking, Accounting Tool

PYMNTS

Countingup , a FinTech that aims to combine and streamline corporate banking and accounting for small- and medium-sized businesses (SMBs), secured fresh funding this week, according to news from TechCrunch. The company raised $750,000, led by Frontline Ventures, while other investors also participated. Countingup, started by Clear Books Founder Tim Fouracre, plans to use the venture capital funding to launch operations in the U.K. later this year.

Account 44
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Anticipation For Amazon’s SMB Lending Disruption Grows

PYMNTS

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Alternative and marketplace lending platforms promised faster, easier SMB lending than traditional banks could deliver and eventually led traditional financial institutions (FIs) to collaborate with their one-time rivals as they realized they needed to offer more technologically advanced lending experiences to their small business customers.

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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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Uber Launches No Annual Fee Branded Credit Card

PYMNTS

Ridesharing company Uber announced news of the launch of its Uber Visa Card, which is a credit card with no annual fee. In a blog post , the company said it created the card with its riders in mind after speaking with them about how and where they spend their money and what they want from a credit card. The result is the Uber Visa Card, which enables users to earn rewards on all of their purchases.

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Is Amazon Looking To Grow Medical Device Business?

PYMNTS

While it seems it’s only a matter of time before Amazon enters the pharmaceuticals market, one Wall Street analyst is predicting that the eCommerce giant is also looking to grow its professional medical device business. Amazon was granted wholesale distribution licenses in several states earlier this month. According to news from CNBC , Jefferies analyst Brian Tanquilut pointed out that Amazon’s business-to-business medical device web page was posted during the same period.

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The eCommerce Bachelor: Which City Will Get The Rose?

PYMNTS

How is the race to be Amazon’s second home city not a reality show? Jeff Bezos missed a major marketing opportunity there (as if Amazon needs it). In the vein of young romantics crafting elaborate prom-posals for their beaus, 54 North American states, districts and territories are courting the eCommerce giant, and courting it hard. (If Amazon were a teenager, it might say some of the 238 proposed sites are trying too hard.).

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Blockchain To Link Hong Kong, Singapore Trade

PYMNTS

Hong Kong and Singapore have reached an agreement to link their perspective trade finance platforms using blockchain technology, according to news from Reuters on Wednesday (Oct. 25). The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore announced their plans this week as an effort to combat errors and fraud in cross-border trade.

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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.