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Can big banks be nimble of foot when it comes to FinTech? One giant — JPMorgan Chase & Co. — is taking some definitive steps on that stage. JPMorgan announced today (Oct. 17) it is acquiring payments platform WePay. The combination will create an ecosystem of platform developers and small businesses, powered by WePay’s ability to integrate payments functionality into software and fueled by Chase’s global reach, small business product portfolio and network of 4 million small businesses.
Spaces Indiana, a competitive design showcase of innovative workspaces in Indiana, recently celebrated five winners from its 2017 pool of candidates, including MOBI, greenlight.guru, Flaherty & Collins, Mimir, and Bradley & Montgomery.
On Friday (Oct. 20), Mastercard announced news that it will be opening up access to its blockchain technology through its developer’s API. Initially, the technology will be made available for B2B transactions, specifically to address the demands of cross-border payments. Mastercard is not the only firm delving into blockchain. The company joins Google, Overstock, Citi and Goldman Sachs in embracing the distributed ledger technology.
From an acronym known mostly by programmers in the early 2000s to something thousands of innovators have embraced to ignite numerous innovative solutions, it’s been an electric journey for the application program interface (API). According to David Koch, chief commercial officer at financial services provider FI.SPAN — a company that build an API-based platform to connect FinTechs and corporate customers to financial institutions (FIs) — APIs have unleashed an incredible number of opportunities
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.
Marqeta , an open API card issuer, and Alipay , a third-party payment platform popular in China, have announced news of a partnership that will make using Alipay easier in the U.S. Marqeta’s API platform will reportedly ease completion of Alipay’s payments in real time. Alipay has more than 520 million registered users in China, according to the firm.
In corporate finance, “Excel spreadsheets” is nothing short of a taboo. But a new solution from Bank of America Merrill Lynch is looking to make better use of the notoriously manual tool. The financial institution (FI) announced news on Tuesday (Oct. 17) that it is deploying artificial intelligence (AI) and API technology to integrate its solutions directly with Microsoft Excel.
For all of the commotion about Brexit, it appears as though London’s reign over the world of FinTech may be secure — even after the U.K. officially exits the EU. Research published last month in the Z/Yen Global Financial Centers Index (GFCI), and reported in Reuters, found that London remained the world’s top financial hub, surpassing New York City, Hong Kong and Singapore — despite market volatility and uncertainty over Brexit.
For all of the commotion about Brexit, it appears as though London’s reign over the world of FinTech may be secure — even after the U.K. officially exits the EU. Research published last month in the Z/Yen Global Financial Centers Index (GFCI), and reported in Reuters, found that London remained the world’s top financial hub, surpassing New York City, Hong Kong and Singapore — despite market volatility and uncertainty over Brexit.
Signing at the end of a transaction at the physical point of sale is hardly ever about showing off a consumer’s best penmanship. Often distracted and always in a hurry, buyers typically produce what could only be described as a cross between modern art and a second grader’s early attempts at cursive. And nothing that could ever be mistaken for a proper human name.
Between hurricanes, wildfires and the political uncertainty everywhere, the world has looked a little bleak lately. However, we have not come to bum you out on a Saturday. Quite the contrary. We have come to spread the goods news of the latest financial services innovation. We are, of course, talking about Wu-Tang Financial. No, we’re not kidding. Yes, we know it is a Chappelle show bit.
In an era of nearly constant data breaches, securing commerce is now everyone’s concern. And for good reason. In addition to the potential liability that issuers and merchants may face if stolen credentials or identities are used online, breaches only further fuel consumer concerns over whether – or how – to use their payments credentials securely in an increasingly digital world.
When catering to a limited group of members, credit unions need to think carefully about how to address member needs. That’s why some credit unions are embracing the market’s “mom and pop” legacy and emphasizing their ability to offer the type of personalized member services that rival banks and FinTechs struggle to deliver. The latest PYMNTS Credit Union Tracker™ , powered by CO-OP Financial Services, features news on new mergers and partnerships alike, along with notable recent headlines from
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.
Innovation is oxygen in payments. For financial services firms, innovation is spurring speed, killing friction and fostering loyalty among customers. In fact, it should likely always be part of the corporate agenda — if it’s done right, that is. That, itself, begs the question: What is innovation, really? When are new rollouts just necessary updates to keep a product fresh, and when are bells and whistles just, well, noise?
In South Africa, where cash still reigns and there are few signs of merchants and consumers moving away from paper and coin payments, small- and medium-sized businesses (SMBs) face several payments dilemmas. Many are unable to accept credit cards, and many cannot afford the mainstream point of sale (POS) terminals and solutions — which can also take a very long time to procure.
Grubhub isn’t just about hungry people. It’s a hungry brand, gobbling up three different food delivery competitors in the last quarter alone: Boston-based Foodler, Groupon’s OrderUp and most recently, Yelp’s Eat24. The Eat24 deal closed last week on Oct. 10 and rounded out the company’s acquisition plans just in time for the end of Q2. Grubhub paid $288 million for the company — in cash — which Bloomberg notes is twice what Yelp paid when it acquired the smaller food delivery company two years a
Monday (Oct. 16) news reports from QSR magazine shared that yet another well-known brand has recently been hit with a cyberattack. Quick service restaurant (QSR) pizza chain Pizza Hut has announced its own cybersecurity incident, a breach that lasted approximately 28 hours beginning on Oct. 1. QSR magazine described Pizza Hut’s cyberattack as a “temporary security intrusion.
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.
Customers are increasingly making purchases online and making decisions based on shipping – namely, how fast and how cheaply a retailer can get products to their doors. But what can merchants do when shipping can’t be sped up? In the new PYMNTS.com Omni Usage Report, a Vantiv collaboration, PYMNTS delves into the new tools and solutions designed to help retailers increase shipping speeds while cutting logistical costs.
On Friday (Oct. 20), PayPal and Facebook announced news that they are expanding their partnership. Facebook users will now be able to send and receive peer-to-peer money transfers through PayPal from within the social media website’s Messenger app. Facebook has been busy expanding the range of services offered within its mobile application, recently moving to monetize its instant article and Messenger games features for publishers and developers.
Contractors are struggling to take accounting into their own hands, according to a new report from SJD Accountancy. According to news from SmallBusiness.co.uk on Thursday (Oct. 19), an SJD Accountancy survey of 359 self-employed small business (SMB) contractors in the U.K. found that 72 percent perform their own accounting, with 69 percent of them noting that this causes them stress.
In what may be South Africa’s largest data breach, hackers may have gotten away with extensive personal information, including ID numbers, income, marital status, employment details and property ownership information. According to a news report in The Next Web , after the team at iAfrikan – along with security consultant Troy Hunt – spotted the largest data breach thought to have transpired in South Africa , it discovered that personal information was breached for both living and deceased people
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.
The Florida Restaurant and Lodging Show is an annual three-day event for hospitality professionals to network, source, purchase and learn about new industry trends to follow, how to increase profits and how to ramp up their restaurant or lodging business to engage and serve customers in innovative ways. This year’s event was originally scheduled for three days starting Sept. 10, but when event director Tom Loughran of Urban Expositions (which hosts the event) heard that Hurricane Irma would be m
More than 50 percent of Chicagoans will do the majority of their holiday shopping online this year, according to a survey from Accenture. The proportion of shoppers who said they plan to shop primarily at brick-and-mortar retailers stands at 35 percent. Holiday purchases are no longer restricted to the weekend after Thanksgiving, reported The Chicago Tribune.
Call it the 7 percent solution. Or rather, 7 percent … in need of a solution. Accounts payable (AP) remains a laggard when it comes to automating the cash flow cycle. Just 7 percent of U.S. firms automate that function, according to the Federal Reserve Bank of Minnesota. Other stats bear out just how far behind the curve technology is in fostering efficiency in this critical link tied to supply chain relationships.
Banks have always turned to third-party FinTechs to integrate add-on services for their customers. As interest in corporate financial services heats up, financial institutions (FIs) are increasingly turning to these partners to enhance their B2B offerings, too. Like their corporate customers, FIs are beginning to trust the cloud to deploy and maintain some of these solutions.
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.
More bad news for Wells Fargo : The financial institution has fired four foreign exchange (Forex) bankers following an investigation into that business by both the bank and regulators. According to The Wall Street Journal , the reason for their terminations has not been released. Sources said the four bankers let go were Simon Fowles, recently global head of Foreign Exchange Trading; Bob Gotelli, recently head of Foreign Exchange Global Sales; Jed Guenther, recently a regional head of foreign ex
A new survey released on Wednesday (Oct. 18) suggests that small businesses (SMBs) are likely to reduce borrowing activity in the second half of 2017. The latest data from Pepperdine University’s Graziadio School of Business and Management, along with Dun & Bradstreet, found that small businesses surveyed expected slower annual revenue growth for the second half of the year.
In B2B payments, it’s not just the movement of money that’s a pain point for companies — it’s the tracking of that payment and the ability to reconcile those transactions that can be a major headache for both payers and payees. In an announcement on Tuesday (Oct. 17), Visa said it is tackling that issue through a new partnership with accounts receivable (AR) and cash management company Billtrust.
“PayPal delivered one of its strongest quarters since becoming an independent company,” said Dan Schulman, CEO of PayPal, in a statement. “Putting our customers first in everything we do, enhancing our suite of products and services, and partnering with some of the world’s most popular brands are delivering tangible results.”. PayPal, largely pushed by strong mobile performance, managed to again exceed analyst expectations across the board, and raised Q4 guidance.
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.
Apple is like a glamorous celebrity who seems to have it all together but, beneath the shimmering screen of makeup and high fashion, is actually falling apart. With iPhone X presales starting in one week, the company is still struggling to manufacture the product, and all the while Qualcomm is fighting to get the company and its products banned from China, where most iPhones are made.
A happening, an organized activity, a memorable incident – these are all classic definitions of the word “event.”. But when we reach back a bit etymology-wise, the Latin translates loosely to “result” – which is suitable, considering an event is actually the result of some set of actions. We often aren’t worried about the commercial context of a transaction in the complex payments world (and payments rule the world, right?
Cybersecurity software-as-a-service (SaaS) startup Duo Security landed $70 million in fresh venture capital funding, according to news from TechCrunch this week, making the firm the latest unicorn in the market. Funding from Meritech Capital Partners and Lead Edge Capital places Duo Security’s valuation at $1.17 billion, reports on Wednesday (Oct. 18) said, and the Series D venture capital round brings the total raised by the company to $119 million.
On Tuesday (Oct. 17), Rambus, Inc. announced news of a partnership with domestic Australian debit network eftpos. The collaboration will allow eftpos to support Apple Pay through its issued debit cards. Rambus, which launched a comprehensive mobile payments platform earlier this year, is helping eftpos bring tokenization to Australian cardholders. The Australian debit network will integrate its cards with Rambus’ Token Service Provider (TSP) technology, which tokenizes payer information and repl
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.
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