Sat.Sep 23, 2017 - Fri.Sep 29, 2017

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Whole Foods Products Get A Boost On Amazon.com

PYMNTS

Amazon has sold $1.6 million in Whole Foods products in the first month since acquiring the national grocery chain. According to news from The Wall Street Journal , this is one of the first infusions of cash the eCommerce giant has delivered to Whole Foods through its website. Amazon completed $500,000 in online grocery sales in the first week after it started offering Whole Foods’ “365 Everyday Value” products, according to One Click Retail eCommerce data.

Retail 72
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Preparing Your Buy Here – Pay Here Dealership for a Pain-Free Audit

Katz,Sapper&Miller

If your Buy Here – Pay Here (BHPH) dealership has bank debt, there is a good chance your lender requires you to have a financial statement review or audit. With 2017 winding down, now is the time to evaluate your year-end closing checklist to help ensure a pain-free audit. Below are a few tips to make your upcoming audit a success.

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Re-Packaging Apps To Sell: What Will It Take?

PYMNTS

Is the app marketplace dying a slow death? Consumers have certainly gotten past the novelty phase, with more than half of U.S. smartphone users downloading a grand total of zero new apps each month. So, does that mean consumers are moving on, or simply that they are expecting more from apps and their developers? If it’s the latter, what will it take to hold their attention – more visibility from the Apple App Store ?

Gaming 67
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Hearables: Taking Voice Control Beyond Smart Speakers

PYMNTS

What’s better than being able to boss Alexa around at home? How about being able to boss her around everywhere else, too? It’s becoming possible with hearables — and no, that’s not a typo. Hearables may be the next big wearables if the voice activation trend continues the way it’s been going. The world already has Bluetooth earpieces and wireless earbuds.

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Planning Your Restaurants 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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Bringing “The Next Big Thing” To A New Group Of Consumers

PYMNTS

Generally speaking, if you’re trying to get a consumer’s attention, offering them access to “The Next Big Thing” is a pretty good way to do it. As Nancy Berger, VP and CRO at Marie Claire USA , told Karen Webster in a recent conversation, it’s one of those topics that inherently catches everyone’s interest. “If I’m going through my inbox and I see an email from someone I know and trust with ‘The Next Big Thing’ in the subject line – it’s what I’m opening first,” she noted.

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Sam’s Club Swaps Out Accountants For Robots

PYMNTS

While there has been lots of talk about robots stealing jobs and prompting layoffs of American retail workers, most people probably weren’t thinking accountants would be first on the chopping block. But, as it turns out… Sam’s Club has announced news that it is cutting 700 back-office retail positions at its U.S. brick-and-mortar locations as the company attempts to gain more control over costs and improve efficiency in its operations.

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Why Banks Need FinTech To Address Their Own Complicated Treasuries

PYMNTS

Banks are finding it more difficult than ever to ignore potential FinTech partnerships that could better serve their corporate customers. When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance.

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Uber Sued By Shareholders Claiming Fraud

PYMNTS

A handful of Uber shareholders filed a lawsuit against the company and its former chief executive for what they claim is the covering up of illegal business tactics. According to a news report in The Wall Street Journal , the lawsuit, which was filed by the Irving Firemen’s Relief & Retirement Fund, contends that Uber’s ex-CEO, Travis Kalanick, knew he was misleading investors during capital-raising efforts by not informing them that Uber may have broken laws.

Legal 53
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Facebook Cancels New Share Class, Addresses Political Ads 

PYMNTS

And just like that, there will be no new ownership structure for Facebook. Several financial news outlets, including CNBC , released news that a new class of stock will not be issued that would have let CEO Mark Zuckerberg maintain voting control of the company. That proposed ownership, according to reports, would have changed in the wake of Zuckerberg’s sale of millions of shares in the recent past to help fund his philanthropic efforts.

Sales 53
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From Fingerprints To Faces: Bank of America Explores Biometrics’ Next Phase

PYMNTS

No matter how impressive new technology is, its fate often lives and dies with consumer adoption. After all, if no one wants to use a new piece of tech, it doesn’t matter how groundbreaking an innovation it might be — it probably won’t be around for long. According to Hari Gopalkrishnan, managing director of consumer facing platforms and technology for Bank of America, that’s especially true when it comes to digital identity security and protection technology for banks and other financial instit

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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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NEW REPORT: With New Fitbit, Can Contactless Payments Become The Latest Workout Craze?

PYMNTS

A smartwatch can act as a personal trainer that motivates the user to reach daily exercise goals. And, as smartwatches have enjoyed consumer popularity, it seems that there are opportunities for the devices to add new capabilities and play different roles. When Fitbit ’s latest smart device, the Ionic smartwatch, releases next month, contactless payment capabilities will be available as an integrated feature.

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Lyft Moves In On London Market After Uber Ban

PYMNTS

Lyft, the Uber rival, is eyeing the London market, holding talks with Transport for London (TfL) and City Hall officials over the past year. According to a news report in The Telegraph citing freedom of information records, while the talks don’t state Lyft is getting into the U.K. market, they do show it has an interest in that market and in the city’s transport policy.

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Fraudsters Pose As Hurricane Relief Orgs

PYMNTS

Harvey. Irma. Jose. Maria. Even those who were not directly hit by one of these recent, dramatic and devastating hurricanes are feeling the emotional impact after watching these mega-storms wreak havoc across the southern part of the U.S. and surrounding islands. Well-meaning individuals empathize with the victims and want to help, and one of the easiest ways to do that is to click a “Donate” button on a charity website somewhere.

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Halloween Spending Forecast To Break Records

PYMNTS

According the National Retail Federation (NRF), Halloween this year will see record-breaking shopping numbers. More people will be celebrating, which will mean bigger spend on Halloween costumes, candy and pumpkins in 2017 than in previous years. The NRF is forecasting the whole shebang will cost approximately $9.1 billion, up 8.3 percent from last year’s previous record of $8.4 billion.

Gaming 52
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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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PingPong Secures Payment License From Luxembourg Government

PYMNTS

PingPong Financial Group , a Chinese FinTech company, has received a Payment Institution (PI) license from the government of Luxembourg. In a press release, the company said its Luxembourg entity, PingPong Europe S.A., was issued the license by Minister of Finance Pierre Gramegna of Luxembourg, making it the first Chinese FinTech company to establish European offices in the country.

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FinTech Has Yet To Make Impact On Trade Finance Gap

PYMNTS

Trade finance revenue is slipping at the world’s largest banks, especially as companies struggle in a global trade environment operating with a $1.5 trillion gap in trade finance availability. The FinTech space is hoping to address these challenges head-on, targeting the paper and manual-based processes of trade finance transactions though innovations like blockchain.

Finance 51
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Alipay Partners With Norway Tourism Board

PYMNTS

Alipay , China’s leading third-party online payment solution, has partnered with Norway’s tourism promotion agency to provide better services to Chinese tourists traveling in the Nordic country. Norway is just the latest country to offer Chinese tourists the convenience of using Alipay, which is owned by China’s Alibaba Group. The mobile payment service boasts more than 500 million registered users and plans to grow that number to exceed 2 billion within the next 10 years.

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Researchers Find ‘Dramatic’ Increase In Corporate Awareness Of Blockchain

PYMNTS

Blockchain remains a hot topic among FinTech innovators, and now, more corporates are paying attention. That’s according to Juniper Research, which recently released the results of a survey polling nearly 400 corporate executives, founders, managers and IT specialists on the topic. In an article for Venture Beat published Monday (Sept. 25), Windsor Holden, head of forecasting and consultancy at Juniper Research, said the survey showed a “dramatic” increase in the awareness of blockchain

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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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Bank Of America Venture Lays Off 10% Of Staff

PYMNTS

Bank of America Merchant Services laid off about 10 percent of its staffers last week, with sources saying that the cuts are the result of restructuring. The Wall Street Journal reported that the joint venture, which has operated in conjunction with First Data Corp. since 2009, employed about 2,200 people. It let go about 250 employees last week. A spokesperson explained that last Wednesday, BOA “announced to employees a restructuring designed to accelerate our business strategy and better meet

Sports 50
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Matching And Monetizing Music Makers With Tune Seekers

PYMNTS

[link]. How to avoid sour notes when booking a music act? That is: Making sure that the band you take on is the right fit for the right place, and will keep people out on the dance floor or filling the seats? The question is not an idle one for talent seekers – the folks who book and pay for the musicians. Consider that half-empty music clubs can actually lose money on a tough night.

Maine 49
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FINMA Investigates Initial Coin Offerings As South Korea Bans Them

PYMNTS

While Swiss financial watchdog FINMA announced it is investigating a number of initial coin offerings (ICOs) for possible breaches of Swiss law, South Korea has decided to ban the crowdfunding method altogether. According to news from Reuters , the Swiss investigation is the second crackdown in less than two weeks by FINMA and could lead to greater regulatory oversight of some of the most prominent blockchain projects in “Crypto Valley,” located in Zug, Switzerland.

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DoorDash To Bring P.F. Chang’s Drinks To Your Door

PYMNTS

Chinese cuisine restaurant P.F. Chang’s announced it is testing beer and wine delivery with DoorDash at 12 locations in select California markets. Guests at least 21 years of age will be able to choose from more than 15 varieties of domestic, import and craft beers, including Kirin Lager, as well as more than 40 varieties of wine, including Mark West Pinot Noir and Estancia Pinot Grigio, to add to their order when placing it via DoorDash.

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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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Unlocking The Power Of VR With Payments

PYMNTS

When Facebook bought Oculus Rift for $2 billion in 2014, the acquisition wasn’t exactly regarded as a stroke of business genius. Wired referred to it as a bet too far; The Guardian said the purchase was made “because Mark Zuckerberg is rich and powerful, and because he can.”. They then noted what was the popular “uncharitable view” of the time: “Oculus VR is a boy’s toy for Facebook’s still-youthful CEO: He tried the Rift and loved it so much he bought the company.”.

Retail 49
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Capturing The Real Power Of Price Flexibility

PYMNTS

The era of price adjustments and price matching has ushered in an uncontestable series of wins for consumers. Instead of searching a few dozen sites to make sure someone else doesn’t have an item for a lower price, or having to wait a few days in case a big sale is around the corner, consumers can hit “buy” with confidence, relying on the fact that retailers are increasingly willing to match a competitor’s price or refund money back if a big sale comes up within a certain time window (usually 14

Retail 49
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Today In Data: The Wearables Crossroad

PYMNTS

Wearables are at an interesting crossroads in the life of the American consumer. From the biggest names in retail and technology to up-and-coming startups, there suddenly seems to be a world of innovators with wearable inventions at the ready to make our lives better. For example, since the start of September, we’ve seen the latest super-specialized connected fitness product out of Garmin , a new edition of the Apple Watch, Fitbit’s Ionic , Samsung’s partnership with Speedo for the Gear Sport

Sports 49
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Equifax CEO Retires In Wake Of Data Breach

PYMNTS

Equifax, the embattled credit scoring firm reeling from a data breach that may have impacted as many as 143 million U.S. consumers, announced news on Tuesday (Sept. 26) that Richard Smith will retire as chairman of the board and CEO of the company. In a press release , the company said Board Member Mark Feidler will serve as non-executive chairman. Paulino do Rego Barros, Jr., who most recently served as president, Asia Pacific, and is a seven-year veteran of the company, has been appointed as i

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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.

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Today In Data: Bank Of America And Biometrics

PYMNTS

Following the Equifax data breach, biometrics and data security have come under increased scrutiny as more companies and consumers consider their security-enhancing features. As a result, new biometrics solutions are popping up, adding additional layers to protect data and secure accounts that need extra care. Apple unveiled a facial recognition (Face ID) replacement for fingerprint scanning on its new top-of-the-line iPhone X, and several other companies took a page from Apple’s playbook by add

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What To Do When Mobile Ordering Eats Up Too Many Resources

PYMNTS

At PYMNTS, we love mobile order ahead , but what happens when mobile ordering isn’t enough – or rather, when it’s too much? After getting their first taste of mobile ordering, some restaurants are finding it’s not to their liking and are sending it back to the kitchen. Mobile apps – both restaurant-specific ones, and aggregators like UberEATS – can make ordering easier for the consumer.

Sales 47
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Amazon Tracker: Tech Giant Drama With Apple And Google

PYMNTS

As predicted, Amazon has a new Echo coming out in time for the holidays – and here’s how it plans to compete with Apple’s HomePod. Speaking of competing with Apple, the two are now in a price war over ultra HD video streaming, while Amazon’s free hand battles Google over the search engine giant’s surprise (or not) decision to stop supporting YouTube videos on the Echo Show.

B2C 46
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Aussie SMBs Struggling With Cash Flow Forecasting, Survey Says

PYMNTS

A new report from Commonwealth Bank suggests small and medium-sized businesses (SMBs) in Australia are struggling to make use of the financial data at hand. Reports Monday (Sept. 15) noted that 54 percent of small business owners don’t feel their efforts in financial planning and forecasting are effective and living up to their potential, with one-quarter noting they do not have the ability to see if their planning efforts were effective.

Finance 46
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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.