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Amazon is planning to build a $40 million state-of-the-art robotics innovation hub near Boston that will result in the creation of 200 tech and manufacturing jobs, Amazon announced in a press release Wednesday (Nov. 6). Tye Brady, chief technologist at Amazon Robotics, said the new hub will speed-up innovation and will be a “world-class facility, where our teams can design, build, program, and ship our robots, all under the same roof.”.
Donna Niesen has been named by the Indiana Chamber of Commerce as a 2019 Samuel C. Schlosser Volunteer of the Year. The award honors community leaders who give their time and expertise to the Chamber for the benefit of all Hoosier businesses.
A relentless focus on customer experience and simplifying complexity are the defining characteristics of the most valuable companies in the world today. It’s a concept Rob Orgel, now the new president and chief operating officer at Flywire , told Karen Webster was foundational to his decade-long career at Apple — where he was part of the leadership team that developed, rolled out and grew the Apple Pay business.
U.S. homeowners’ decision to stay in their homes longer is keeping much-needed inventory off the real estate market, causing a slip in home sales. New analysis by Redfin found that homeowners around the country are typically staying in their homes for 13 years, five years longer than they did in 2010. “If people aren’t moving on, there just are fewer and fewer homes available for new home buyers,” said Daryl Fairweather, Redfin’s chief economist.
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.
Visa has released a statement saying Tencent’s announcement that it will support international card schemes in its mobile wallet is “a great step forward” for the payments industry. “Visa believes this is a great step forward, both for consumers travelling to China and the overall payments industry. In a truly global commerce environment, collaboration is essential to provide consumers with a seamless payments experience,” Visa said in a release. .
Coca-Cola’s supply chain operations are run by an IT firm called Coke One North America (CONA), and the company recently had such a successful run with blockchain software provider SAP that it’s going to expand the program from two to 70 manufacturers, according to reports. . Those manufacturers deliver about 160,000 bottles a day. The purpose of the blockchain push was to help improve distribution and allow the manufacturers access to others’ orders and specifications. .
The VP of Google Health has revealed that his focus for the division is on its search capabilities. Speaking at HLTH, a health care conference in Las Vegas, David Feinberg said that Google Health wants to make it easier for doctors to search medical records, as well as boost the quality of health-related search results across Google and YouTube. In 2018, Google hired Feinberg to lead the company’s expansion into the healthcare space.
The VP of Google Health has revealed that his focus for the division is on its search capabilities. Speaking at HLTH, a health care conference in Las Vegas, David Feinberg said that Google Health wants to make it easier for doctors to search medical records, as well as boost the quality of health-related search results across Google and YouTube. In 2018, Google hired Feinberg to lead the company’s expansion into the healthcare space.
Walmart has introduced a new program called Delivery Unlimited in 1,400 of its stores. Customers who want to order groceries from Walmart without having to pay a per-delivery fee every time have the option of paying $98 a year or $12.95 a month, according to the company. “That means shopping has never been easier or come at a better value — order your full grocery list plus anything you may need for the week ahead (like that toy you forgot for the birthday party this weekend!
While there is little good to be said about criminal fraudsters who plague merchants by stealing credentials to snag goods with absolutely no intention of ever paying for them, they at least have the merit of being a fairly homogeneous group in terms of intention. The goal is to steal as much and as often as they possibly can. Fraud is their profession.
Digital identities are flexibly changing forms as they gain ubiquity. Consumers around the world log in to eBay with their Facebook profiles, purchase lunches with Apple Pay and in some cases pay their taxes or register to vote with government-provided digital identities. Many expanding technologies raise ethical implementation concerns, and digital ID’s extraordinary potential means coordinating clear and internationally accepted guidelines is increasingly necessary.
Goldman Sachs said it doled out about $10 billion in credit lines in just over month for the Apple -branded credit card, Bloomberg reported on Friday (Nov. 1). . According to regulatory filings made public this week, Apple Card? customers had $736 million in loan balances at the end of September, though it’s not clear how that compares with other credit cards, as Bloomberg said banks do not break out performance by individual cards.
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.
Venture capital firm Andreessen Horowitz is offering a course to help entrepreneurs better understand blockchain technology and cryptocurrency companies, according to a report by CNBC. The firm was founded by Marc Andreessen and Ben Horowitz, and it has been one of the most active firms in the space, creating a $350 million fund dedicated to crypto investing.
Goldman Sachs said it doled out about $10 billion in credit lines in just over month for the Apple -branded credit card, Bloomberg reported on Friday (Nov. 1). . According to regulatory filings made public this week, Apple Card? customers had $736 million in loan balances at the end of September, though it’s not clear how that compares with other credit cards, as Bloomberg said banks do not break out performance by individual cards.
Amazon has struggled with preventing counterfeit goods from infiltrating its marketplace. In the company’s ongoing efforts to prevent fraud on its site, Amazon announced a new program, Intellectual Property Accelerator, last month to help sellers make sure their products won’t be copied or counterfeited. From counterfeiting to identity theft to phishing attacks, digital fraud takes many forms — and online shopping continues to make consumers and merchants vulnerable to such attacks.
To change the status quo — to upend the way it’s always been done — the mantra goes, “think outside the box.”. Or in payments, think beyond the rails. To that end, Alan Koenigsberg, global head of new payment flows at Visa Business Solutions , said in a Masterclass interview with Karen Webster that the B2B space represents a landscape ripe with opportunity.
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.
Earlier studies found a surprising lack of both consumer and merchant awareness about the European Union’s Strong Customer Authentication (SCA) and second Payment Services Directive ( PSD2 ) regulations. Post-SCA deadline, a lack of readiness persists. SCA awareness is thankfully high among the payment providers tasked with executing and communicating the mandates to businesses and consumers.
It has happened to almost everyone. The bill comes in the mail — or maybe via email reminder — and the customer says, “Oh, I have to pay this,” then puts the bill down on their kitchen table or desk. Days pass, stuff piles up and, before the customer knows it, the due date has come and gone. Now, they owe the original bill, plus the late fee. Amazon Pay Vice President Patrick Gauthier told Karen Webster in a recent interview that billing is one of those areas in which, once the company put a lit
Tune.fm has become the first music streaming platform with an integrated cryptocurrency to run on Hedera Hashgraph ‘s public distributed ledger technology (DLT). Musicians have often struggled to get paid what they are owed for their work. This system will use a Hedera-based crypto token called Jam that enables fast micropayments for every second of music streamed between fans and artists.
Fresh food is one of those products that, depending on the context, can almost feel like a minor luxury. Sure, consumers who can get to good grocery stores or farmers’ markets (not all shoppers can) or afford to subscribe to meal-kit delivery services, are assured of a steady supply of nutritious eats. But even so, many consumers work long shifts at places where vending machines and cafeterias offer, at best, mildly nutritious fare.
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.
“Service with a smile” has been a foundation of the consumer-facing restaurant industry , implying that warmly welcomed customers keep coming back. A new technological advancement could flip that model on its head, however, and enable customers to start the service process with their own smiles. . A handful of restaurants have run facial recognition technology experiments at their self-service kiosks.
In today’s top payments news, Banco Santander is acquiring just over 50 percent of the U.K. payments platform Ebury for $453 million. Also, Goldman Sachs has doled out approximately $10 billion in credit lines for the Apple -branded credit card. And Capital One is back online after a major outage. Goldman Extends $10B In Apple Card Credit In First Month.
San Francisco-based blockchain FinTech Ripple is being questioned about its claims that rival cross-border payments firm SWIFT has a 6 percent error rate, AMBCrypto reported Tuesday (Nov. 5). Banking consultant Martin Walker , director of Banking and Finance at the Center for Evidence-Based Management, said in a paper produced for the London School of Economics, that he questions the repeated claims by Ripple executives of a 6 percent failure rate for SWIFT messages.
Lenders need to meet borrowers’ needs before any of their competitors swoop in, which means application processes must be as quick and seamless as possible. That need for speed is also critical when it comes to loan disbursements , according to Paul Gu, co-founder and head of product for personal lending provider Upstart , as slow payouts can create frictions and frustrate customers.
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.
Pair Eyewear Co-Founder and CEO Nathan Kondamuri started wearing glasses when he was 8 years old, around second or third grade. He told PYMNTS in an interview that he remembers “how daunting” and uncomfortable “of an experience it was getting glasses for the first time.” It’s the first time that kids start to look different from others in their class — and, beyond that, he noted that the actual “buying process of glasses doesn’t really help the situation at all.
Ultrasonic data firm LISNR is getting a strategic investment from Visa to speed up expansion of its mobile payments, LISNR announced in a press release on Tuesday (Nov. 5). LISNR uses ultrasound technology to provide a solution that lets merchants and payment providers accept mobile payment data anytime during the customer journey. The technology works with all types of purchase scenarios – including scan-and-go, store pickups and eCommerce – and can also be used for messages, authentication and
Facebook said it is going to enhance encryption capabilities on its Messenger communication platform, despite requests from lawmakers and regulators not to do so because of the potential result that pedophiles and criminals will be harder to track. Facebook also said it is going to go over safety measures and tell users how to avoid unwanted content, or how to report it, Reuters reported.
China has changed some IPO rules to entice more tech companies to list publicly in the country, according to a report by The Wall Street Journal. China previously attempted this and was focusing on large companies like Alibaba Group , but the plan never came to fruition due to a number of factors, including trade tensions and a lack of political support.
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.
Bank of America offers its corporate clients a unique perk. They can make payments in the billions of dollars on smartphones using the bank’s CashPro app, according to a report by Bloomberg. One company completed a $1.6 billion payment, which was the biggest transaction ever made using the app. CashPro is targeted to corporate treasury departments and small to medium-sized businesses (SMBs).
As Strong Customer Authentication (SCA) becomes fully implemented, the merchants, banks and third-party payment services within the European Union (EU) are still working out the particulars. The impact of the regulation on the way payments and authentication can be conducted is being felt throughout the EU, but regulators in a variety of markets are still evaluating how SCA can best be applied.
Big, splashy announcements of freshly-forged partnerships between FinTechs and mainstream payments and financial services players are released by the dozens these days. As for the “game changing” innovations they promise will “reshape” the landscape as we know it? As Flywire CEO Mike Massaro told Karen Webster in a recent conversation, that often depends on what the flavor of the month might be in payments and financial services.
Competitive forces in the payments and financial services sector have driven two key trends in the U.S.: the acceleration of payments, and the adoption of open banking frameworks. Both are key to addressing the modern demands of end-users. Use-cases for real-time payment capabilities continue to grow for consumers, small businesses and corporates, while the open banking business model is proliferating beyond the ability for FinTechs to loop into their customers’ bank account data, and into new o
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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