Sat.Aug 05, 2017 - Fri.Aug 11, 2017

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How APIs Are Fostering Collaboration Between FinTechs And Banks

PYMNTS

Banks and FinTech companies have a complicated history. To put it mildly, the two sides have not always worked harmoniously together. Why the tension? Both types of institutions contend for the same business in the competitive financial services world. While traditional banks offer a more established and tested set of products, the offerings of newer FinTech companies — such as real-time data, streamlined payments and quick notifications — are helping these new players encroach on banks’ t

B2B 80
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Make Everyone in Your Trucking Company Responsible for Profit

Katz,Sapper&Miller

Profit is a state of mind. In fact, it is the overall fuel that powers your trucking company. The idea that the profitability of your trucking company depends solely on the owner or CEO is a traditional mindset that has become antiquated, especially in this difficult economic environment.

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API As Olive Branch? Silicon Valley Bank Seeks To End FI Rivalry

PYMNTS

The rivalry between banks and FinTechs has, at times, been tense if not downright combative. Enter APIs to help the two sides coexist more peacefully. API solutions are doing more than helping two different types of financial institutions find ways to collaborate. By integrating artificial intelligence and machine learning capabilities, companies are relying on API solutions to fight cybersecurity threats and help businesses determine the trustworthiness of a potential trading partner before ent

B2B 77
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Vantiv’s Cloud Payment API triPOS Cloud Now Live

PYMNTS

Vantiv Integrated Payments — a Vantiv company and provider of payments technology and processing services for small and medium-sized businesses (SMBs) — announced news on Monday (August 7) that triPOS Cloud, a cloud-based API for easier and faster real-time payment processing, is now live. The company said the API is available for all independent software vendors (ISVs) and merchants to process point-of-sale (POS) transactions.

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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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App Developers In China File Antitrust Suit Vs. Apple

PYMNTS

Apple has been engaging in anti-competitive behavior in China, its largest mobile applications market, according to a lawsuit filed with regulators in that country. The antitrust suit, which comes on behalf of more than two dozen developers, was filed Tuesday by Dare and Sure, a law firm based in China. The lawsuit states that the tech juggernaut is mistreating Chinese developers through its stronghold via the iOS App Store.

Legal 66
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The Past, Present And Future Of Voice Banking

PYMNTS

It’s been a little over a year since our Digital Banking Tracker heralded the “ Dawn of Banking Voice Technology.” Now it’s more like the high noon of banking voice technology, with most major banks hosting their own incarnation — all with slightly different capabilities and adoption rates. Santander U.K. started the trend by launching a voice assistant within SmartBank, its mobile banking app for students, before rolling it out to the general public.

More Trending

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How To Live Forever In The Financial Services Space

PYMNTS

Slow and steady doesn’t win the financial services race. If you’re not ahead, you’re behind, especially if you’re playing on the global stage. From user interface technology to security and risk management, the only constant in the financial space is that nothing stays the same for long. Those who wait until they must either invest or fold will find themselves outpaced, and catch-up is not a game that any organization wants to find itself playing.

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PayPal And The Rewards Of Non-GAAP Accounting

PYMNTS

When it comes to earnings, a bit of accounting can make all the difference. The way Wall Street looks at earnings, and the way the average person might count earnings, though, are two different things. Let’s take the second scenario — what an individual might consider when examining the bottom line: money comes in, expenses are paid and what is left over is what is earned.

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Walmart Expands Test Of Scan & Go To Ten More Locations

PYMNTS

Retailing giant Walmart is expanding the use of its Scan & Go mobile app, which is already being tested in around 12 stores in Arkansas, Florida, Texas and Georgia, to include ten more brick-and-mortar locations. According to a news report , some of the new locations for the technology that lets customers scan and pay during in-store shopping without the need for a cashier will be in Dallas-Fort Worth and Nashville markets.

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Bitcoin Flirts With All-Time High Over The Weekend

PYMNTS

Bitcoin, the leading cryptocurrency, jumped more than 16 percent on Saturday (August 6) to an all-time high of $3,360.87 before hovering around $3,303, propelling market capitalization to more than $54 billion. According to a news report in CNBC , the virtual currency has more than tripled in value since the start of the year and is up 15 percent in the early days of August.

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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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Traydstream Targets Trade Data Automation With New Partnerships

PYMNTS

Traydstream, one of the trade finance industry’s newest entrants, has already struck partnerships only a month after launching. The company announced news on Friday (Aug. 4) that it is partnering with Fujitsu subsidiary PFU and Lloyd’s List Intelligence. PFU will provide its scanning technology to Traydstream to integrate scanning services into its offering.

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AI/BOTS: Consumer Behavior Transformation Via AI

PYMNTS

Gone are the days of mom-and-pop stores where the owner behind the counter knew what the customer wanted before he or she even spoke. Rather than having one-on-one relationships with regular customers at standard brick-and-mortar locations, eCommerce has globally widened the sales interaction. With the advent of artificial intelligence (AI), retailers and merchants have the capability to reach a much larger array of consumers on an extremely tailored and personal level.

Retail 51
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Blockchain Startup Populous Opens Its Doors With New Funding

PYMNTS

After introducing itself to the market earlier this year, U.K. FinTech startup Populous has officially launched. News reports on Wednesday (Aug. 9) said Populous has raised more than $10 million and is now piloting its platform, which uses blockchain technology for invoice financing. “We’ve been getting a lot of interest from other invoice factoring firms and financial firms that are not on the blockchain wanting to join the project, including banks as well,” said Populous CEO Stephen Williams i

Finance 49
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Tap To Give To Charity – Yes, It’s A Thyng

PYMNTS

People don’t write a check to pay for their dinner, movie tickets or groceries, so why are they still writing them for charitable giving? PYMNTS CEO Karen Webster has volunteered at a few charity fundraisers in her day, and the call to action at the end of the night is still, in 2017, to reach for the checkbook and write out the donation amount on paper.

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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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Suspect Caught In Alleged London Cryptocurrency Fraud

PYMNTS

Ding, ding, ding! And the winner of the newest frontier of financial fraud is cryptocurrency. Since the beginning of this year, businesses have raised $1 billion in initial coin offerings (ICO), and Goldman Sachs is seeing 800 altcoins circulating around the internet. As cryptocurrency increases in popularity, it has attracted dangerous minds. With many looking to find holes in the often proclaimed “most impenetrable” financial system, it was just a matter of time before a hacker or

Sales 49
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The Buyers: Shift In Luxury Consumers

PYMNTS

Luxury isn’t what it used to be. Sure, there are high-end quality items and experiences, but consumer behavior in this space has seen a shift over the past few years. Following the 2008 recession, most consumers expectedly shied away from making purchases on ultra fancy or expensive items in favor of keeping their financial heads above water. Yet the story for luxury purchases has shifted in the last few years, which is showing a more positive outlook.

Retail 49
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AIG Predicts Cyber Insurance From Firms In Greater China Will Skyrocket

PYMNTS

American International Group (AIG), the insurance company based in the U.S., predicted the number of cyber insurance policies will skyrocket from Chinese companies and in other parts of Asia due to the WannaCry ransomware attack that wrecked havoc on companies around the globe a few months ago. According to a news report in Reuters, citing American International Group, the insurer said it had an 87 percent increase in inquiries for cyber insurance policies in May compared to the month earlier in

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Why Fatburger Is (Literally) Selling Itself To Consumers

PYMNTS

Fat Brands – as it is pushing toward a unique IPO of its own – is offering consumers with $500 to burn an interesting opportunity: the chance to purchase their own piece of Fatburger. Fatbrands – which owns Buffalo Wild Wings officially plans to sell shares in the firm to the public next month on a quest to earn $20 million so it it can better expand its business and pay down some of its corporate debt.

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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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Tech Center: Pittsburgh Takes On Tech

PYMNTS

Pittsburgh has contributed a plethora of everyday items and services that many may take for granted. The city’s contributions to the country in addition to being the base of America’s steel industry, the city was also the birthplace of the beloved Mr. Rogers, McDonald’s Big Mac and the very first drive-in gas station. It’s also the birthplace of legendary American artist Andy Warhol.

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BoA Testing Samsung Iris Tech For Authentication

PYMNTS

Bank of America is reportedly launching a pilot of Samsung Electronics technology that will enable customers to access the mobile banking app via a photo of their eye. According to a news report in The American Banker , the trial is part of a bigger push by Bank of America to see how customers react to using different biometric authentications. “One thing we know we need to work on with our customers is, even in today’s day and age of digital natives, there are questions about safety and securit

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Taking A Pass On Passwords

PYMNTS

Fizzle of The Week: Passwords. Passwords are one of the necessary evils of the modern digital commerce age. A prolific necessary evil, perhaps. By some estimates, if the current pace is continued, the average consumer will have something like 200 passwords to remember. But, even if it seems staggeringly difficult — bordering on entirely impossible — to keep 200 separate strings of random letters and numbers straight in one’s head, the payoff is worth it.

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Sonas Denim And Disrupting A Fashion Staple

PYMNTS

Many innovators end up in the business of commerce or technology because they are trying to solve a problem — usually their own. This is often a good or service they find they need, and that the market doesn’t offer, which sets off a light bulb and begins the cycle of innovation. Gerry Kelly didn’t have a problem so much as he had an interesting pair of pants.

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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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PayPal Acquires Swift Financial To Expand SMB Lending Options

PYMNTS

The Great Recession had a crippling effect on credit markets across the board. Consumers, enterprise-sized businesses and small businesses (SMBs) all found themselves caught in the squeeze of a wide-ranging credit crunch. Ten years out, consumers and big businesses experience the credit crunch as a memory, but for SMBs, particularly startups, the credit crunch is a reality.

Gaming 47
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Venmo Rolls Out QR Code Feature To Ease P2P Mobile Payments

PYMNTS

Venmo recently launched a new QR code feature to more easily locate friends within its mobile payments app. According to a news report in TechCrunch , the new feature is aimed at easing the person-to-person (P2P) payments process, making it easier for users to add connections to the list of people they pay — or who pay them. The feature is located under a new menu option dubbed Scan Code and now works for both the iOS and Android versions of the mobile payment app.

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The Complicated — And Increasingly Crowded — Payments Battle In China

PYMNTS

UnionPay is facing an increasingly competitive and complicated world these days. Some question whether the card-payment network operator will be able to overcome the struggle to “remain relevant” in a market that is quickly changing — and where consumers may soon be leaving card-based payments behind entirely. That “struggle” may not be entirely evident at first glance.

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R3 Members Develop Blockchain Trade Finance Prototype

PYMNTS

Eleven FI members of the R3 platform consortium have announced the next step in using the distributed ledger technology for trade finance. The banks announced news on Monday (Aug. 7) that they have developed a prototype application on R3’s blockchain platform, Corda, that aims to digitize and streamline letters of credit for trade finance transactions.

Finance 46
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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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This Week In Retail: Earnings, Industry Shifts And Launches

PYMNTS

This week in retail, we’ve seen a myriad of movement from nearly all sides. We’ve seen earnings surge , earnings dive down , launches and a significant change in the way grocery stores are operating. In the earnings arena, Under Armour and Blue Apron sales are taking a dive down, which is resulting in both companies looking to trim the fat to help revitalize business.

Retail 46
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Bitcoin Tracker: Battle For The Cryptocurrency Crown

PYMNTS

Distributed ledger technology (blockchain) has made significant headway this year, and people are starting to take notice. At the beginning of 2017, the cryptocurrency bitcoin was valued at just under $1,000 and soared up to over $3,000 in May. While it took a dive over the summer, bitcoin now comfortably sits at just over $3,000. Cryptocurrencies have seen major growth in popularity, and alongside the increasing speed of eCommerce transactions, so does the demand for widespread use.

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The Cash Flow Effect Of On-The-Spot Invoicing

PYMNTS

The struggle that small suppliers endure to get paid is well documented, but this pain point can be particularly severe for some small service providers. That’s because these companies are often working onsite and in the field, therefore having to issue invoices and accept payment on-the-spot, too. A survey by San Francisco-based technology company Fundbox released in March found nearly two-thirds of small businesses are affected by late invoice payments, with 79 percent reporting they can’t pa

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FTC Charges 12 With Laundering Millions In Credit Card Charges

PYMNTS

The Federal Trade Commission (FTC) announced news on Monday (Aug. 7) that it charged twelve people with money laundering millions of dollars in credit card charges via fraudulent merchant accounts. According a FTC press release, the defendants set up an operation known as Money Now Funding (MNF) to get and maintain merchant accounts that let it process credit card charges close to $6 million.

Sales 45
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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.