Sat.Nov 05, 2016 - Fri.Nov 11, 2016

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Fake Retail Apps Are Here, Just In Time For Christmas

PYMNTS

The holiday season has arrived — meaning sales, snowflakes, good cheer, Christmas carols and fraudsters working day and night to break open your bank account through a variety of creative means. One of this year’s favorites so far, according to reports in The New York Times, has been fake retail and product apps popping up in the Apple App Store of late.

Retail 81
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Brazelton and Miller Named Finalists for Indy’s Best and Brightest

Katz,Sapper&Miller

Garth Brazelton and Jason Miller have been named finalists for the 2016 “Indy’s Best and Brightest” award. Indy’s Best and Brightest honors 100 of central Indiana’s outstanding young professionals under the age of 40 who are making their mark in Indianapolis.

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The Scary Success Rate Of Corporate Cyberattacks

PYMNTS

For some businesses, cybersecurity may be an abstract threat. Business owners may think “it won’t happen to me,” or they may be confident in their ability to remain unaffected by a cyberattack. But a new report by Accenture uncovers just how big of a threat cyberattacks are on businesses. According to the company’s latest data , released this week, about one-third of cyberattacks on businesses are successful in their attempts to infiltrate a firm’s existing defenses

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Thanks To Wells Fargo Scandal, Companies Overhaul Pay

PYMNTS

In the wake of the fake account scandal at Wells Fargo, companies are rethinking how they compensate salespeople, reported The Wall Street Journal. According to a report, companies are trying to overhaul how they compensate salespeople in an effort to improve customer service and prevent the bad behavior that did Wells Fargo in. Sure, commissions can motivate people to ink deals and boost sales, but they also have risks associated with them.

Sales 77
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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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The Fed Prioritizes Security As Payments Speed Up

PYMNTS

The U.S. Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security. The task force, made up of about 160 members, will explore areas of payments security, like identity management and data protection, in hopes the survey will he

B2B 77
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Cash Is Extremely Expensive For Small Biz, Study Says

PYMNTS

Cash may be king, but for small businesses, cash is expensive. New research from Sage finds that small businesses in the U.K. are losing out on $11.8 billion every year because of their cash transactions. Those costs can rack up in a number of ways, researchers found. For instance, nearly a quarter of small businesses surveyed by Sage said they had been the target of cash theft by a member of their own staff.

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Wipro Launches Open Banking API Platform

PYMNTS

Wipro, the information technology, consulting and business process services company, announced Monday (Nov. 7) it launched its Open Banking API platform. The Open API platform will enable banks and financial institutions to launch Open Banking initiatives. With an open banking initiative, the company says financial institutions can create new forms of distribution channels and servicing capabilities, as well as provide access to third-party application marketplaces.

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Secure Payments, Generation 2.0

PYMNTS

Two-point-oh. The number and the decimal — 2.0 — has evolved into a rough shorthand for the newest version of something. It’s ubiquitous. It could mean anything. A revamp, a redo, a new and improved model — from technology to your latest spouse. Enter 3-D Secure 2.0. Late last month, EMVCo published the EMV 3-DS 2.0 Specification, a messaging protocol that allows consumers to be authenticated to card issuers during card-not-present transactions.

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Marketers Focus On Mobile Shopping For The Holidays

PYMNTS

The best way to reach a holiday shopper might just be through their smartphone. That’s why marketers will be leveraging mobile in their holiday shopping strategies this year, with new and creative strategies that focus more on omnichannel solutions and less on generic mobile coupons. According to the BDO Retail Compass Survey of CMOs, nearly 60 percent of marketers plan to leverage mobile in their marketing strategies this holiday season.

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Microsoft’s Shoulda-Woulda-Coulda Mobile Story

PYMNTS

William Safire wrote a story in The New York Times in 1994 tracing the origin of the phrase. He was prompted to do so when First Lady Hillary Clinton used it in response to a pointed question she was asked during the Whitewater hearings. Safire, in that piece, traced its usage to a number of different situations dating all the way back to 1854. Lexicographers, he concluded, peg the phrase to mean, more or less, “spare me the useless excuses.”.

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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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Securing 442 Million Points Of Failure

PYMNTS

442 million. A large number and not the number of tweets sent out reminding you to vote today. That’s the number of bank accounts opened in the world each year — for which digital identity is important and for which mobile identity can help facilitate that formerly paper-laden process. Given the staggering volume that comes through in the banking industry, it would follow that securing those accounts would be imperative, especially in the wake of the seemingly innumerable data breaches wor

Account 74
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Corporate America Hinges On Presidential Election

PYMNTS

It’s one day to election day in the U.S., and as always, national economic issues are at the top of voters’ minds. The stakes are high for businesses of all sizes, and the latest data on corporates in America makes that abundantly clear. Small businesses are anxious, and there is evidence that large corporates’ cash management and investment strategies are also being shaped by political uncertainty.

Finance 74
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The Real-Time Fraud Intelligence Factor

PYMNTS

“Who’s on First” was funny when it was an Abbott & Costello skit about baseball player nicknames. But for merchants who really need to verify whether the person at their virtual front door is really a legitimate customer, getting a straight answer in a matter of seconds is essential. The power of real-time customer data can not only help know your customer (KYC), but actually go further to identify and verify customers as well as the customer (i.e., merchants) behind the customer, Merlin Bis

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SMEs Unimpressed With Bank Advice

PYMNTS

The latest report from Close Brothers could be bad news for banks looking to stay competitive in the SME finance space. The firm released new data this week that found 80 percent of SMEs in the U.K. say they are not always adequately serviced with the advice provided by their banks, reports said Thursday (Nov. 10). The statistic is yet another piece of evidence on how traditional banks could be falling short of meeting their SME clients’ needs.

Finance 73
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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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eCurrency Mint And BRM Team For Digital Currency In West Africa

PYMNTS

ECurrency Mint announced Friday (Nov. 4) it inked a partnership with Banque Régionale de Marchés (BRM) to provide a digital currency in the West African Economic and Monetary Union (WAEMU). In a press release , eCurrency Mint said BRM will issue the digital tender, eCFA, in compliance with eMoney regulations of Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO), the central bank of WAEMU.

Legal 73
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McDonald’s New App Will Let You Order, Pay For Food

PYMNTS

The conveniences of fast food are getting even more convenient now that McDonald’s is gearing up to roll out the ability to order and pay for a Big Mac online. According to a report by The Next Web , McDonald’s is gearing up to launch the new app that will support online orders next year. But not every fast food fan is going to have access to the app since it will be launched only in certain international markets at first, including Australia, Canada, France and the U.K.

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Contactless Card Usage In Europe Exploding

PYMNTS

Contactless card payment usage in Europe continues to explode as more and more merchants accept this form of payment, according to a new study by consulting firm RBR. In a report dubbed “Global Payment Cards Data and Forecast,” the firm found that one in five card payments will be contactless by 2021. That’s an increase from one in 20 as of 2015.

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B2B Payments’ Is Dotted And Ts Crossed, Securely

PYMNTS

Blockchain. It’s not just for banks anymore. In a move that helps cement B2B payments within the realm of secure transactions, PayStand, a B2B payment and billing company, has given firms the ability to notarize and also certify payments across the supply chain. The firm noted last month upon launching the service that payments recording and certification have been the purview of physical, manual processes — that is, signoffs via notaries or auditors.

B2B 72
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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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Ridesharing Startup Karhoo Shuts Down

PYMNTS

Karhoo, the startup that was aiming to take on Uber in the ridesharing app market, has shut down after burning through its capital. On the company’s website , Karhoo said it had to close the service and is looking at the next steps for its business. “Unfortunately, it became clear two weeks ago that the financial situation was getting pretty dire with Karhoo in urgent need of funding.

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Russia Wants To Create A Payment System That Works With China

PYMNTS

Russia is reportedly aiming to create a mutually compatible payments system with China in an effort to reduce the risk of more sanctions from the West, reported Reuters. The report, citing an interview with Prime Minister Dmitry Medvedev, reported Russia created a new national payment to lessen its reliance on systems based in the West, such as Visa and Mastercard.

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Why It Pays To Break A 108-Year-Old Curse

PYMNTS

It happened. The Chicago Cubs — a team supposedly cursed for over a hundred years by a spurned man and his now infamous pet goat — did what many believe wasn’t possible this week. They won the World Series. The Cubs defeated the Cleveland Indians 8-7 after undergoing a gut-wrenching 10-inning ball game to clench the title of MLB World Series Champions.

Sports 71
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Walmart Vs. Amazon: E-Stores Battle It Out

PYMNTS

There’s no question that Walmart’s e-store and Amazon are going toe-to-toe in the battle of the best retail giant. As the retail space continues to reinvent itself, the rivalry between the two retailers seems to only gain traction. The gloves came out last year when Amazon officially booted Walmart out of its long-running top spot of being the world’s biggest retailer.

Retail 70
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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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Cash Costs SMBs $80.6B Annually, Sage Releases New Report

PYMNTS

Cash is no longer king, and it’s costing businesses $80.6 billion every year. That’s according to the Sage Payments Landscape report on U.S. small and medium businesses. Sage, which is a market leader for integrated accounting, payroll and payments software, released the results of the sixth annual report focused on the current and future payment trends.

payroll 70
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Uber Of X: Thanks To Networking App, No More ‘Table For One’ Requests

PYMNTS

If you’ve ever ventured solo on a business trip, you know what it’s like to be alone with just your thoughts over dinner. Some people like it; others don’t. And many people, even if they do like it, would love some company from time to time. Networking app DineHero has pulled up a chair to your table. It was founded by two brothers, Thet Soe and Thiha Min — one traveled alone for work extensively, the other ate at a restaurant every night – who wanted to pair something people do every day with

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rue21 Wins The Hearts Of Teens With Aptos

PYMNTS

The largest fast-fashion growth retailer in the country is also the most innovative when it comes to customer engagement. Rue21, which uses the Aptos retail technology platform, has won the loyalty of its teenage customers, as well as a Gold Award for Customer Engagement. Retail TouchPoints announced the award as part of its fifth annual Store Operations Superstar Awards, which recognize companies with the most creative and successful store operations strategies.

Retail 70
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Omnichannel Adoption Report Shows Half Of Retailers Falling Behind

PYMNTS

WBR Digital and eTail just released a new benchmarking report on retail omnichannel adoption. The report is based on the responses of 98 executives from multiple sectors — specialty retail, stand apparel, high-end fashion and more — who are all leaders in either multichannel, pure-play, in-store only or other types of retail. Here are some of the key findings.

Retail 70
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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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Blockchain Tracker: SEB’s New York Bridge To Stockholm, Credit Cards And Fraud Prevention

PYMNTS

Blockchain may be building bridges quicker than expected. Quite possibly, the biggest blockchain news this week was that Swedish bank SEB announced that intends to build a blockchain channel between New York and Stockholm to enable customers to make real-time transfers, as soon as next year. The conduit between the two is San Francisco-based startup Ripple, which is known for enterprise cross-border applications.

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Google Shopping Can Save Shoppers Money Over Amazon

PYMNTS

Everyone thinks Amazon is the way to go when trying to save money, but a new study shows that Google Shopping can be the cheaper route for cost-conscious shoppers. According to a new study by 360pi, the Canadian price monitoring company, while more than half of U.S. shoppers and 84 percent of those buying holiday gifts check Amazon first before making a purchase, those shoppers that stay on Amazon wouldn’t save as much money, the study found.

Sports 70
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The ePayments Way To Compliance

PYMNTS

Any organization, small or large, private or public, must handle the pressures of compliance. Nonprofits, however, have to not only ensure they fall in line with corporate-facing regulations around processes like payroll and cross-border payments, but, explains Dan Murphy at nonprofit software firm Abila , the compliance stakes are higher, more numerous and more complex than they are at the typical for-profit firm. “The risk exposure varies greatly,” the senior manager of fund accoun

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Who Raided Tesco — and How — Still Unclear

PYMNTS

Across the U.K., the questions surrounding Tesco’s cybersecurity breach remain: Whodunit — and how? At the moment of this writing, there are precious few answers. As has been widely reported, the thefts from the bank — stretching across roughly 20,000 accounts — remain shrouded in mystery as to just how they occurred. Reuters said Tuesday that the cybertheft has been viewed as unprecedented in the country, and Andrew Bailey, who serves as chief executive of the Financial Conduct Authority, tol

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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.