Sat.Oct 14, 2017 - Fri.Oct 20, 2017

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Chase Acquires WePay Payments Platform

PYMNTS

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.

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A Good 'Space' Is About More Than Design

Katz,Sapper&Miller

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.

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Mastercard Begins Offering B2B Blockchain Tech

PYMNTS

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.

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The Secret World Of APIs

PYMNTS

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

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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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Alipay, Marqeta Partner To Bring Chinese Payments Stateside

PYMNTS

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.

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BofA Enhances The Spreadsheet With APIs, Artificial Intelligence

PYMNTS

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.

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More Trending

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Wu-Tang Financial Is Here — Finally

PYMNTS

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.

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Visa Launches Authentication Ecosystem: Visa ID Intelligence

PYMNTS

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.

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TRENDING: Is A ‘Mom and Pop’ Image Bad For Credit Unions?

PYMNTS

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

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In Financial Services Innovation, Disruption Isn’t Everything

PYMNTS

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?

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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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FinTech Startup Is Toppling Cash King In South Africa With mPOS

PYMNTS

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.

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One Food-Ordering App To Rule Them All

PYMNTS

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

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Pizza Hut Gets Hit With Breach

PYMNTS

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.

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TRENDING: How Qüero Walks The Omnichannel Line

PYMNTS

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.

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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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PayPal, Facebook Offer P2P Payments Through Messenger

PYMNTS

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.

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Contractors Struggle With Taking Accounting Into Their Own Hands

PYMNTS

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.

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South Africa’s Biggest Data Breach A Mystery

PYMNTS

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

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Google Tracker: WiFi Weak Spots Get A One-Two Hit

PYMNTS

Google is among those exposed by two massive Wi-Fi security vulnerabilities revealed on Monday. The search engine giant has already rolled out patches. In better news, the company has teamed up with Target to power voice shopping and delivery via Google Express, and it’s finally getting its shot at television stardom through a deal with CBS. There’s a KRACK in the Wi-Fi System.

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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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Payments App And Device Take The Cake At Restaurant Trade Show

PYMNTS

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

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Half Of Chicagoans To Shop Online This Holiday

PYMNTS

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.

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For MineralTree, Sowing The Seeds Of AP Automation

PYMNTS

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.

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Embracing The Cloud With FIs’ Corporate Clientele On The Line

PYMNTS

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.

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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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Investigation Leads Wells Fargo To Fire Four Foreign Exchange Bankers

PYMNTS

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

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Small Business Borrowing To Take A Downturn, Survey Finds

PYMNTS

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.

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Visa Turns To V-Cards With Billtrust For AR Automation

PYMNTS

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.

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With 218M Active Users And 17M Merchants, PayPal Predicts A Strong Finish For 2017

PYMNTS

“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.

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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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Apple Tracker: Will New iPhone Have The X Factor?

PYMNTS

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.

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Rambus Brings Apple Pay To eftpos Cardholders

PYMNTS

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

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Better Mortgage To Offer Samsung Rewards

PYMNTS

Better Mortgage, a digital mortgage company aiming to improve access to home financing, announced Thursday (Oct. 19) that it is among the first third parties to use Samsung Rewards’ new API. In a press release, Better Mortgage, which has zero commissions, said Samsung Rewards works similar to a points-based airline’s rewards program, giving users points for so-called meaningful engagements with Samsung devices.

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Seed Says Banks Fail Small Businesses On Mobile, Cash Management Solutions

PYMNTS

Seed , which launched in 2015 to disrupt small business (SMB) banking, is emphasizing its focus on mobile-first solutions in the wake of revelations of its recent survey. In an announcement on Wednesday (Oct. 18), Seed revealed news that it is rolling out small business banking solutions and released the results of a survey of 423 small businesses in the U.S. that found more than half don’t have access to “an intuitive, simple mobile banking app.

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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.