PYMNTS

AUGUST 6, 2019

In its biggest acquisition to date, Mastercard will buy Nets for 2.85 billion euros ($3.19 billion). With the purchase of the Denmark-based payments platform, Mastercard is picking up an electronic billing platform that offers clearing and instant payment services, according to a statement on Tuesday (Aug. 6). Mastercard also confirmed that the purchase will take a bite out of its profits for up to two years after the deal closes, which is expected to happen sometime in the first half of 2020.

Sales 87

Sales 87

Katz,Sapper&Miller

AUGUST 6, 2019

Katz, Sapper & Miller’s Lisa Curry and Brad Reay will present at the 2019 Healthcare Financial Management Association Tri-State Conference. Taking place on Sept. 12 in Florence, IN, the conference will equip healthcare financial managers with the tools they need to sharpen their skills, expand their horizons for the future, and successfully lead their teams.

Healthcare 71

Healthcare 71

PYMNTS

AUGUST 6, 2019

It’s now official. The Fed plans to build its own instant clearing and settlement rails. Introduced on Monday by Federal Reserve Board Governor Lael Brainard, the Fed’s instant payment scheme FedNow is designed to offer an option for consumers and business to transfer money instantly or nearly instantly in a “ubiquitous, safe and efficient” manner from one bank account to another.

Start-ups 85

Start-ups Maine Account accountant 85

PYMNTS

AUGUST 5, 2019

There are many ways to introduce an idea to the world. There is something to be said for going big — fireworks, a parade and a vast array of headlines. This, in short, seems to be the route Facebook decided to take with Libra — big announcement, big white paper, big partners and, most importantly — big, big plans. In short, Facebook hopes to create a new set of payments rails with the Libra cryptocurrency — with the aiding and backing of a veritable who’s who of payments and luminaries —

Pharmaceutical 85

Pharmaceutical Ohio Maine Retail 85

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Account

PYMNTS

AUGUST 5, 2019

The Federal Reserve has officially announced it will create a real-time payments service, to be called FedNow. The move was described by Kansas Federal Reserve President Esther George as the biggest infrastructure upgrade embraced by the Federal Reserve since the ACH system went online in 1972. The news was announced live and online by Federal Reserve Board Member Lael Brainard, who focused her remarks on the extensive feedback that went into making the choice – and the strong consensus among

Kansas 85

Kansas accounting and finance Finance Sales 85

PYMNTS

AUGUST 7, 2019

In a wide-ranging televised interview, Visa CEO Al Kelly discussed Apple ’s new co-branded credit card, Big Tech ’s move into financial services, and Visa’s interest in the Libra Association , per reports from CNBC. Kelly that said that Apple is a great partner of Visa and has worked with them for “quite some time” on Apple Cash and Apple Pay. He noted that they have a great brand, and they have a retail footprint.

Government 78

Government Retail Account accountant 78

PYMNTS

AUGUST 5, 2019

Software company Salesforce has joined Mastercard’s small business program, along with Intuit, to supply solutions in the small business space, according to a release. The aim is to help businesses succeed by increasing revenue, boosting customers and improving customer engagement. Salesforce benefits are now available in Mastercard Business and Mastercard Business World Elite offerings.

Sales 77

Sales 77

PYMNTS

AUGUST 4, 2019

Big banks aren’t happy with the Federal Reserve’s plan to update its payments system that would allow for almost instant transactions. Currently, the system doesn’t operate on weekends and can take days to process certain transactions. All that could change as soon as this week, when the Fed is expected to announce changes. “The United States is far behind other countries in terms of having real-time payments,” Fed Chairman Jerome Powell said last week, adding that while the Fed hasn’t mad

Retail 77

Retail Technology B2B 77

PYMNTS

AUGUST 7, 2019

Faster payments are quickening the pace of billion dollar acquisitions in the payments space. Mastercard said Tuesday (Aug. 7) that it would spend 2.9 billion Euros, ($3.2 billion USD) to buy Nets, a Denmark based payments platform. The news comes as the payments arena is a-swirl with headlines about speeding up transactions around the globe (witness, for example, this week’s announcement that the Federal Reserve plans to build out a faster payments service in the U.S.).

Account 77

Account accountant accounted Technology 77

PYMNTS

AUGUST 7, 2019

Fuel and commercial payments company FLEETCOR published its Q2 2019 earnings data on Tuesday (Aug. 6), with results that pleased Chairman and Chief Executive Officer Ron Clarke. Q2 was “probably one of the best quarters in quite some time,” he said during the company’s earnings call Tuesday evening. The company surpassed expectations, with an 11 percent year-over-year revenue increase to $647.1 million for the quarter compared to estimates of $634.18 million.

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accounts payable payroll Technology Account 76

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PYMNTS

AUGUST 6, 2019

The best is yet to come. As long as checkout and payments are part of the plan. In one sense, that describes the situation for mobile commerce — specifically, retail apps — as 2020 looms. New research from PYMNTS and LISNR digs deep into consumer views of mobile retail apps. In a new interview, Karen Webster and Chris Ostoich, co-founder at LISNR , talked about those findings and discussed what retailers must do to drum up even more interest in and loyalty to their mobile apps.

Retail 75

Retail Maine Gaming Sales 75

PYMNTS

AUGUST 8, 2019

Whether it’s a merchant or their customer, an employer or their employee — every party involved in a transaction wants to be paid immediately, without any hassles or surprises. That’s why companies from rideshare services to ticket platforms are moving to innovate their payments experience as a way to differentiate themselves from their competitors.

Retail 75

Retail Technology 75

PYMNTS

AUGUST 5, 2019

Cross-border payments company InstaReM is expanding its InstaReM for SMEs solution into Singapore, targeting cross-border trade and B2B payments between Singapore and China. In a press release late last week, InstaReM said Singaporean small and medium-sized businesses (SMBs) that import from China will be able to pay their cross-border vendors via InstaReM, which aims to elevate their business payments experience with faster transaction speeds.

B2B 73

B2B 73

PYMNTS

AUGUST 7, 2019

Sharing economy platforms have permeated every aspect of consumers’ lives. Some 60.1 million Americans hitch rides through ridesharing offerings like Uber or Lyft , for example, and 41 million book travel or accommodations with homesharing services like Airbnb or Hotels.com. Meanwhile, 19.5 million use talent platforms like Fiverr or Freelancer.com to find employment.

Government 73

Government Account accountant accounted 73

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.

PYMNTS

AUGUST 9, 2019

Where once there was cash at the register, there will be scan and go. The salespeople dotting the aisles may give way to self-service kiosks. In an interview with PYMNTS, Tim Moran, senior vice president of product and marketing at Worldnet , told PYMNTS that the age of automated retail is dawning — but there is no one-size-fits-all approach. Automation efforts in retail, he said, can be split into two camps — one focused on the front end, or consumer experience, and the other on the back end, w

Technology 72

Technology Retail Sales Account 72

PYMNTS

AUGUST 7, 2019

The jury is still out on the future of opening banking in the U.S. Without a regulatory mandate, many in the financial services and FinTech space believe that competition will — and already has — nudged the industry toward embracing data integrations across platforms and service providers in the name of better banking experiences. Increasingly, FinTechs are targeting corporate and small business banking friction, and exploring how open banking frameworks — including the use of application progra

Legal 72

Legal Technology Account accountant 72

PYMNTS

AUGUST 8, 2019

The Association of Canadian Travel Agencies (ACTA) is collaborating with Western Union to make cross-border payments easier. The collaboration gives the 12,000-plus national ACTA members an opportunity to tap into Western Union’s payments expertise and knowledge of foreign currency transactions and currency risk management, according to a Western Union press release on Thursday (Aug. 8).

Retail 71

Retail Account accountant accounted 71

PYMNTS

AUGUST 7, 2019

Business payments technology firm Bottomline Technologies has rolled out a suite of services for banks to elevate their customer engagement with corporate services. In a press release on Tuesday (Aug. 6), Bottomline announced the launch of its Digital Banking IQ Intelligent Engagement suite, a range of products that includes payments, cash management, risk and fraud management, relationship development and client onboarding and account opening.

Technology 70

Technology Account accountant accounted 70

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

Technology

PYMNTS

AUGUST 4, 2019

China’s central bank, the People’s Bank of China (PBoC), announced that it has accelerated the development of its own cryptocurrency, reported Cointelegraph on Sunday (Aug. 4). PBoC hosted a video conference on Aug. 2 to discuss its priorities for the second half of 2019, saying cryptocurrencies will be closely monitored. It suggested that it should accelerate the research and development of its digital currency.

Government 69

Government Retail 69

PYMNTS

AUGUST 6, 2019

The past is never dead. It’s not even past yet. That famous quote comes from William Faulkner and it’s often trotted out to provide meaning and important to various situations, speeches and commentary. Allow us at PYMNTS to do our own small part in that ongoing effort, and apply that quote to the world of B2B customer experience — and the never-ending push to build a better digital ecosystem around that concept.

B2B 68

B2B B2C Construction Technology 68

PYMNTS

AUGUST 8, 2019

The Federal Reserve’s planned faster payments service, the FedNow Service, is slated to have an impact on the speed with which paper checks are processed, adding a new twist to the U.S.’s path toward faster, digital payments. Reports in NBC News this week said the FedNow Service aims to tackle the standard three-day wait for checks to clear, providing immediate access to funds when individuals or businesses are paid via paper. check.

B2B 66

B2B Kansas corporate accounting Account 66

PYMNTS

AUGUST 6, 2019

Payments startup Stripe has announced that it’s opening up an office in Mexico City to take advantage of opportunities for growth in the Latin American region , according to a report by CNBC. Stripe said it wants to get engineers from the area and take advantage of the fast-growing mobile payment and eCommerce sectors. Stripe was started in San Francisco, and it competes with Square and Adyen to help businesses facilitate payments over the internet.

Start-ups 66

Start-ups 66

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Finance

PYMNTS

AUGUST 5, 2019

Fraud comes in many flavors, and a payments-related lawsuit arising from the growing business of legal, recreational marijuana is proof of that point. That new industry is growing, and new services, including online ordering and delivery, are rising to meet consumer demands for legal pot. But federal law still views marijuana as an illegal substance, which prevents most financial institutions, payment card networks and other providers from taking part in those sales.

Legal 65

Legal California Government Technology 65

PYMNTS

AUGUST 5, 2019

If there was a handbook for how to become a successful fraudster, the first sentence of the first chapter would go something like this: “Go where the money is.”. Perhaps that’s why, in the midst of the seemingly never-ending stream of headlines about data breaches, account takeovers, stolen credit cards and online fraud , the notion of “check fraud” seems something of an outlier for the up-and-coming fraudster looking to make a decent living.

Start-ups 65

Start-ups Technology Account accountant 65

PYMNTS

AUGUST 7, 2019

Facebook is moving to merge messaging systems so mobile app users can chat across all channels, Bloomberg reported Wednesday (Aug. 7). The goal is to have Instagram ’s chat feature use Facebook Messenger ’s technology, so Instagram users can communicate with those using Messenger, people familiar with the matter told Bloomberg. Instagram’s direct-messaging staff is already reporting to the Facebook Messenger team, the sources said.

Government 64

Government Technology 64

PYMNTS

AUGUST 4, 2019

FedEx and UPS are striving to make Sundays part of their delivery systems, The Wall Street Journal reported Sunday (Aug. 4). Sunday drivers will earn less money than those who deliver Monday through Saturday. Both companies said the new seven-day-a-week schedule will start in January after the busy holiday season. The drivers will be part of a lower-paid division that will mostly service residential customers.

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Gaming Start-ups 63

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PYMNTS

AUGUST 9, 2019

With its new credit card in conjunction with Apple, Goldman Sachs is reportedly approving some borrowers who are subprime for the offering. The bank is accepting applications for the Apple Card from some users who have credit scores that are not stellar, CNBC noted in a report that cited unnamed sources. Apple reportedly wanted its bank partner to create a platform that would approve the most possible U.S. iPhone users within the range of responsible lending and regulations, per the sources.

Retail 62

Retail Sales Technology 62

PYMNTS

AUGUST 6, 2019

As Apple makes a broader push to expand its services business, the technology company has invited certain customers to apply for the Apple Card. The card is in partnership with Goldman Sachs , and Apple CEO Tim Cook said during the company’s third quarter earnings call that it would be released in August, CNBC reported. Apple is looking to bolster revenues as sales of iPhones slow , while the card is an opportunity for Goldman Sachs to grow its reach into retail banking.

Gaming 62

Gaming Retail Sales Technology 62

PYMNTS

AUGUST 5, 2019

Merchants who sell their products on both Amazon and Walmart are complaining about the pressure they’re getting from Amazon to raise their prices on Walmart. As Bloomberg has reported, Amazon scans rivals’ prices to see if they’re lower, and if it finds a cheaper product on a site such as Walmart.com, the eCommerce giant sends an alert to the seller and then makes the product harder to find on its own marketplace — unless the merchant raises the price on the other site.

Washington 61

Washington Sales Government 61

PYMNTS

AUGUST 5, 2019

Small businesses appear to be pulled in two different directions. On the one hand, the latest payroll data show job growth continues, with small firms reporting confidence in the overall economy and their ability to grow with it. On the other hand, however, geopolitical volatility and a hiring squeeze from low unemployment have small business owners struggling. “An organization’s talent is often a company’s only differentiator,” said Anne Tate, director, PEO, Centralized

payroll 61

payroll Finance Retail B2B 61

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"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.

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