PYMNTS

NOVEMBER 22, 2018

In Sweden, the move to a cashless society has been marked by a quickened pace. Might there be speed bumps ahead, though? The New York Times said cash is being left by the wayside, in favor of digital payments, so quickly that the government is reportedly “recalculating the societal costs of a cash-free future.”. The reconsideration comes, according to the Times , as half of Sweden’s retailers have said they will stop accepting hard currency within the next few years.

New York 80

New York Government Retail 80

Katz,Sapper&Miller

NOVEMBER 19, 2018

The Financial Accounting Standards Board (FASB) recently issued Accounting Standards Update (ASU) No. 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made (ASU 2018-08) that clarifies and improves the scope and accounting guidance around contributions of cash and other assets received and made by not-for-profit organizations (NFPs) and business entities.

accounting standards 41

accounting standards Account accountant accounted 41

PYMNTS

NOVEMBER 19, 2018

Smartphones are now more ubiquitous than laptops and desktops. As many as 86 percent of modern consumers own a smartphone, and 23 percent of them shop on their mobiles. Many eTailers are looking to cash in on the smartphone’s ubiquity by optimizing their mobile sites, making it easier for consumers to navigate, find and pay for items. For bottom-performing merchants, mobile checkouts are an even higher priority.

Retail 77

Retail 77

PYMNTS

NOVEMBER 21, 2018

Algorithms are taking on more of the data and security work for financial institutions (FIs), with technologies such as data mining and business rules management systems (BRMS) finding popularity among banks and credit unions. However, fewer institutions have made the move to true artificial intelligence (AI), with funding and even misunderstanding about the technology serving as challenges to the wider acceptance of AI.

Technology 76

Technology Construction Sales Account 76

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

NOVEMBER 21, 2018

Drugstore owner Walgreens Boots Alliance is in preliminary discussions with health insurer Humana about possibly taking equity stakes in each other. The companies already have a partnership that serves seniors from two Walgreens locations. Now, citing sources familiar with the matter, The Wall Street Journal ( WSJ ) reported that Walgreens and Humana are having wide-ranging talks that include expanding that venture.

Pharmaceutical 76

Pharmaceutical Healthcare Retail 76

PYMNTS

NOVEMBER 19, 2018

Cargill is a big name in turkeys in the United States: when Americans sit down for Thanksgiving dinner later this week, there’s approximately a one-in-four chance they will be digging into a Cargill bird. The Minnesota-based firm is a an old-school kind of company; founded in 1865, it sells a pretty old-school product, as Americans have been eating turkey on Thanksgiving Day since the 1800s.

Missouri 76

Missouri Minnesota Texas Maine 76

PYMNTS

NOVEMBER 21, 2018

The rate of contact center fraud has skyrocketed recently, growing by 350 percent during the past four years. For call centers, dealing with this growing issue requires a multi-pronged approached, complete with defense to beat attacks coming from both outside and inside the company. That means thwarting fraudsters who call in, masquerading as legitimate customers, or who hack into a cell center, as well as blocking any dishonest agents within the center from stealing customer information.

Technology 76

Technology Retail Maine 76

PYMNTS

NOVEMBER 20, 2018

Bitcoin’s use as a form of commercial payments has declined during the year, at the same time that the digital token appears to be stabilizing. According to a report in Reuters , citing Chainalysis, the blockchain research firm, the value of bitcoin handled by payment processors declined close to 80 percent this year ending in September, signaling that bitcoin is still having a tough time moving away from being a speculative asset.

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75

PYMNTS

NOVEMBER 20, 2018

According to the latest Q3 2018 TransUnion’s Industry Insights Report the back half of 2018 has been a good year for sub-prime borrowers looking for access to credit. In the year between Q2 2017 and Q2 2018, sub-prime consumer loan originations grew 28 percent between Q2 2017 and Q2 2018 across the categories of auto loans, mortgage loans and credit cards.

Start-ups 75

Start-ups Finance 75

PYMNTS

NOVEMBER 18, 2018

A Chinese company that develops facial recognition technology could be facing a ban in the U.S. According to the Financial Times , the facial recognition cameras are created by Hikvision , one of the world’s biggest CCTV companies, selling video surveillance throughout China and across the globe. However, its core components — from the chips that power its smart cameras to the hardware that stores high-definition footage — are made in Silicon Valley.

Technology 75

Technology Government 75

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PYMNTS

NOVEMBER 22, 2018

In India, get ready for new lines. News came this week that as many as half of the ATMs that dot the country’s landscape may be shuttered by March of 2019. The estimate is courtesy of the Confederation of ATM Industry (CATMi), which focuses on the domestic ATM industry. The number is a significant one, as there were more than 2.2 million ATMs across India, per data from the Reserve Bank of India (RBI).

Legal 75

Legal Finance Retail 75

PYMNTS

NOVEMBER 21, 2018

Amazon is preparing to enter the mobile payments market, reportedly working to get retailers to accept Amazon Pay as a payment method. The Wall Street Journal, citing people familiar with the matter, reported Amazon wants the service to be expanded beyond making payments online. The paper reported that Amazon in its initial push and has been working with gas stations, restaurants and local merchants that aren’t competing directly with Amazon.

Retail 74

Retail Account accountant accounted 74

PYMNTS

NOVEMBER 23, 2018

Keeping yourself protected from criminals can often seem a daunting task. Even the most eagled-eyed person — for instance, a veteran tourist in a crowded plaza thick with professional pickpocket artists — probably lacks the laser focus, determination and experience of those bent on theft and other illegal activities. That holds true in the digital world, where software, computer and fraud experts operate globally, and part of global networks, using their expertise not only to steal from consumer

Maine 73

Maine Technology Start-ups Gaming 73

PYMNTS

NOVEMBER 22, 2018

When Amazon announced Alexa’s first big global push last year, some were left scratching their heads about the rollout, and how well suited Amazon’s voice-activated speaker was for a global audience. The device launched in 80 countries, but somewhat differently than it had rolled out in other international locations like England, Germany and Japan. When Alexa debuted in those nations, users were able to converse with Alexa in their native language — and developers were given local language editi

Start-ups 73

Start-ups Retail Technology 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

NOVEMBER 18, 2018

Amazon has announced the developer preview of Alexa-hosted skills for Amazon Web Services. In a blog post on Thursday (November 15), Amazon said the new offering will automatically provision and manage a set of Amazon Web Services (AWS) cloud resources for developers skill’s back-end service. With an Alexa-hosted skill, Amazon said developers can build, edit and publish a skill without leaving the Alexa Skills Kit Developer Console.

Start-ups 72

Start-ups 72

PYMNTS

NOVEMBER 18, 2018

The subway system in Hong Kong will allow commuters to scan a QR code as a payment method after announcing a deal with Alibaba’s payment affiliate Ant Financial last week. According to reports , as part of the partnership, scan to pay services will be enabled in 91 MTR metro stations beginning in the middle of 2020. Commuters will use the Alipay app to scan a code at the turnstile.

Transportation 71

Transportation Technology 71

PYMNTS

NOVEMBER 19, 2018

During the holiday shopping season, countless consumers will use digital payments and commerce technology to buy gifts from distant companies — some overseas, some just in neighboring time zones — and have them shipped seamlessly to their destinations. But the same technology that enables those transactions also can bring the benefits of consumer intimacy to small and medium-sized businesses (SMBs) that are often struggling to win more market share in a retail world dominated by the likes of Ama

Retail 70

Retail Maine Gaming Sales 70

PYMNTS

NOVEMBER 20, 2018

About 48.5 million Americans will be hitting the road this week for the Thanksgiving holiday, according to AAA. A fair share will be stopping at gas stations to refuel their tanks, and roughly half of these consumers will be using mobile apps to find the cheapest gas and get directions to the station. Of course, no road trip is complete without snacks and refreshments.

Sales 70

Sales Maine Retail 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

NOVEMBER 20, 2018

Real-time payments: It’s one of those changes that everyone seems to agree on, but could still use some push. That’s the idea behind the recently launched Faster Payments Council (FPC), a group of payment industry participants with the goal of providing a ubiquitous payment system with near-immediate funds availability anywhere. New PYMNTS research painted a detailed picture of how the market is seemingly ready for such transactions.

Education 70

Education B2B Technology Government 70

PYMNTS

NOVEMBER 18, 2018

Japan’s Financial Services Agency (FSA) had a plan for crypto wallet service regulation on its meeting agenda for a recent gathering of its crypto study group, bitcoin.com reported. As it stands, crypto wallet providers aren’t currently treated the same way as cryptocurrency exchanges as they do not engage in cryptocurrency trading. Instead, these providers transfer and manage digital currencies.

Manufacturing 69

Manufacturing audit Retail Account 69

PYMNTS

NOVEMBER 21, 2018

It’s a relatively simple prospect: Select food. Order food. Eat and pay for the food (the process depends on the type of restaurant, of course). And then, perhaps, open a few notches on your belt to allow your newly full stomach to expand. ( Happy Thanksgiving , by the way!). But even as that basic concept remains in force — and will likely remain in force until pure energy is simply transferred seamlessly into computer-hybrid, not-quite-traditionally human bodies in one potential future — mobi

Retail 69

Retail Technology Account accountant 69

PYMNTS

NOVEMBER 18, 2018

Visa , American Express and Mastercard are among the payment companies that are the subject of an inquiry by Brazilian regulators. According to a report in Bloomberg citing the Brazilian Administrative Council for Economic Defense or CADE , the Brazilian regulators are looking to see if the credit card companies ran afoul of payment network rules. Bloomberg noted that Visa said in an annual regulatory filing that it’s also looking into the country’s Elo Network as well.

Retail 69

Retail Technology 69

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Finance

PYMNTS

NOVEMBER 19, 2018

The bitcoin bust continued Monday (Nov. 19), with the price of the cryptocurrency falling to $4,905 by mid-afternoon, a decline of at least 12 percent. Over the past week, the price of bitcoin has declined some 20 percent — and at least 60 percent since January. “Bitcoin futures also hit their lowest levels since their introduction in December 2017, with Bitcoin CME November futures down to $4,855 and bitcoin contracts on the CBOE down at $4,878.10,” reads one report from Monday.

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69

PYMNTS

NOVEMBER 22, 2018

According to the National Turkey Federation (which really does exist) roughly 85 percent of Americans plan to eat turkey for Thanksgiving. That amounts to something like 45 to 50 million turkeys sold and 700 million to 800 million pounds of turkey meat eaten today — and the days to come as leftovers. The average turkey weighs 16 pounds and costs $22.03.

New York 67

New York Maine Start-ups Account 67

PYMNTS

NOVEMBER 21, 2018

Most U.S. businesses are over-exposed to risks related to interest rate and foreign exchange volatility, according to new Citizens Bank research. The FI published a report on Tuesday (Nov. 20) detailing the findings of a survey. Citizens asked more than 300 corporate professionals about how their firms are managing interest rate and FX volatility, finding two-thirds could be over-exposed to volatility risks.

B2B 67

B2B 67

PYMNTS

NOVEMBER 18, 2018

Chase has announced the launch of Chase Offers, which will allow customers to find deals and earn statement credits when shopping at their favorite retail stores. Customers who log into their Chase app can access Chase Offers from more than 150 merchants including retailers, restaurants, and many of the company’s existing merchant partners. Customers are able to select and add their chosen offers through the app — and then use them with eligible Chase credit and debit cards.

Retail 67

Retail Sales 67

Advertiser: Paycor

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PYMNTS

NOVEMBER 21, 2018

A new report has predicted that recurring transactions processed on debit and credit cards in the United States will reach $473 billion by 2021. The report , “U.S. Recurring Payments Market Forecast, 2017–2021: Set It and Forget It,” has explored U.S. market size and reviewed service offerings from seven providers in the U.S. market. Amazon , for example, has captured an estimated $7 billion to $10 billion in annual Amazon Prime subscription fees, enabling its one-click purchasing function that

Retail 66

Retail Account accountant accounted 66

PYMNTS

NOVEMBER 19, 2018

Walmart’s Q3 earnings last week was a story of strong digital sales and 16 consecutive quarters of same-store sales growth. Consumers, executives said, continue to walk into Walmart stores and add more things to their shopping baskets. That’s a lot of feet – belonging to some 140 million consumers globally (100 million or so in the U.S.), who each week walk into one of those physical stores, in addition to the 100 million who are said to shop one of the retailer’s online channels.

Healthcare 66

Healthcare Retail Arkansas Sales 66

PYMNTS

NOVEMBER 18, 2018

Airbnb, the home-sharing company that is expected to go public via an initial public offering (IPO) in 2019, saw more than $1 billion in revenue in the third quarter, according to a report offering the first glimpse into the company’s revenue. CNBC , citing a memo Airbnb is expected to release, reported it is the first time the company has commented about its revenue in a public manner since its launch 10 years ago.

Tax 66

Tax 66

PYMNTS

NOVEMBER 23, 2018

Location , location, location. Even people without a mind for business remember that motto as one of the guiding principles of retail and other forms of commerce — absorbed, perhaps, in a high school class or via any number of articles, TV shows, commercials or bits of pop culture that have riffed on that theme. (Location, in fact, is one of the major themes of those enduring if not-quite-honest HGTV home-buying and property-renovation shows, is it not?).

Entertainment 65

Entertainment Retail Maine Technology 65

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