Sat.May 06, 2017 - Fri.May 12, 2017

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NEW REPORT: Will The Next Big API Solution Come From A Hackathon?

PYMNTS

When it comes to finding the latest, greatest API solution does it help to invite outsiders into the sandbox? As more companies seek to engage in international trade, API-based solutions are being seen as a way to address some of the frictions that arise with cross-border transactions. The May B2B API Tracker™, a collaboration with FI.SPAN, looks at the challenges companies must address when delving into overseas business and how API-based solutions are helping address these issues.

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'Grow Your Restaurant' Podcast: Greg and Carrie Ehresman of Triple XXX Root Beer and Restaurants

Katz,Sapper&Miller

In this episode, Greg and Carrie Ehresman, owners of Triple XXX Root Beer and Restaurants, join us to discuss best practices and key factors for building and managing a successful restaurant.

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Xero Integrates Capital One’s New API

PYMNTS

Xero , the online accounting software company, announced Wednesday (May 10) a partnership with Capital One Financial Corporation to simplify direct bank feeds, credit card data and the bank reconciliation process. In a press release , Xero said the partnership will empower millions of small businesses to make more informed financial decisions. With direct, secure integration through Capital One’s new application programming interface (API), small businesses will be able to connect their Capital

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Mswipe Adds Samsung Pay To All Its Terminals In India

PYMNTS

Mswipe Technologies , India’s largest independent POS merchant acquirer and network provider, announced Tuesday (May 9) it has enabled Samsung Pay at all its terminals across the country. In a press release, Mswipe said the partnership with Samsung Electronics will enable contactless/tap-and-pay-on-the-go facility for Samsung Pay users across all two lac Mswipe terminals in the country.

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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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Using The Blockchain To Bring Banking To Everyone

PYMNTS

Refugees are among the most unique groups of people for whom to enable mobile payments and other financial services. Clearly an acute need is there, but modern banking is built upon knowing one’s customers; and when all refugees have are the clothes on their back, cash in their pocket and a mobile phone in their hand, knowing one’s customer becomes an extremely high bar to jump.

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Hackathoning New API Solutions

PYMNTS

For financial institutions investing in application program interface (API) solutions to help customers gain access to new services, it pays to open up the sandbox to others. Several major banks, including Citi and Standard Chartered, recently launched their own APIs to help their various clients access each banks’ financial toolsets to address their individual needs.

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More Trending

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Screen Scraping And The Dilemma Of Data

PYMNTS

PSD2 is coming. Lest that sound like a teaser for the newest Game of Thrones season, there is indeed a sea change coming to financial services — one that ostensibly will open the door to greater competition in Europe. Short for the Revised Payment Service Directive, PSD2 lifts banks’ total claim on customer account data and payment activities. To be sure, the directive, which allows banking customers across the consumer and corporate spectrum to choose third parties to assist with and manage fin

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Baby Boomers vs. Millennials: Which Generation Has More Entrepreneurs?

PYMNTS

Starting a new business can be a long, arduous and daunting road for anyone in today’s fast-paced and ever-changing society. One of the biggest hurdles to starting a new business, in addition to developing an innovative out-of-the-box idea, can be where and how to obtain funding. Whether it’s securing the cash through venture capital investments and family or paying down debts to start on the right step, money seems to be the central conduit that makes entrepreneurship world spin aro

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Hacker Tracker: Identity Fraud On The Rise

PYMNTS

Greater connectivity means greater opportunities — not just for businesses and consumers, but also for fraudsters. A recent study released by Forrester Consulting and digital identity provider ID.me speaks to the growing risk of identity fraud and its detrimental effect on consumer confidence. In the study, the organizations found that the number of identity fraud victims had risen to 15.4 million in the U.S. in 2016, losing a combined $16 billion — just over $1,400 per victim, on average.

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First Data And Flywire CEOs On What Makes A Deal Worth Doing

PYMNTS

“The world is getting smaller. People are traveling the world, and they are selling and purchasing property, getting educated, purchasing healthcare, spending and shopping. The question is how to make those purchases possible — and better — for global citizens, whether they’re halfway across the world or looking to transact in person in a foreign land.”.

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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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Why DinnerTime Said No To Meal Kits

PYMNTS

Anyone who’s ever been the person responsible for a meal at dinner time knows the feeling that is the five o’clock horror. Maybe you only had to cook for yourself, perhaps it was just you and your roommate or partners — or perhaps, like Laura Moore, you’ve found yourself cooking for a mixed household that included a student athlete, a couple of senior citizens, a Type II diabetic and a spouse trying to lose a little weight.

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Banks Line Up To Challenge CFPB

PYMNTS

Things are getting tougher for the Consumer Financial Protection Bureau (CFPB) under the new political administration. More banks are now willing to challenge CFPB enforcement actions, said The Wall Street Journal. The CFPB has reportedly announced some 21 enforcement actions in 2017, one-third of which have been challenged, the organization reportedly said.

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Retail POS Market to Reach $45B in The Next Seven Years

PYMNTS

While the retail point-of-sale (POS) terminals market is currently sitting at $15 billion, Global Market Insights is expecting it to reach $45 billion by the year 2024. Due to consumers increasing use of cashless forms of payment for everyday transactions, there has been a rise in counter money laundering, frauds and terrorism. To help combat these efforts and meet consumers preferred payment method demands, the retail POS terminal market will need to grow to bring down harmful actions.

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NEW REPORT: Building A Better Subscription Service?

PYMNTS

Subscription services have come a long way. Once reserved for newspapers and magazines, they are now foundational to the rapidly transforming eCommerce market. From online streaming to software products, subscription services have more recently grown to include boxes for physical goods, ranging from beauty products to snacks and alcohol. And their popularity is anything but slowing down.

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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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The Secret To Subscriptions Done Right

PYMNTS

When it comes to buying subscriptions, there is something of a generation gap emerging — at least when it comes to products, according to the latest data out from Vantiv. Services and digital goods — video streaming, newspapers, music — have broadly intergenerational appeal. Millennials lead the category — with 89 percent holding some kind of services subscription — but Gen-Xers, baby boomers and retirees all make strong showings north of 65 percent.

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UK’s Top Retailers Face Tough Online Competition From US-Based Sites

PYMNTS

The UK’s top retailers are facing tough competition online from U.S.-based sites, with Apple and Google Shopping joining a list already led by American imports Amazon and eBay. According to eMarketer , February 2017 data from comScore MMX shows Apple and Google Shopping placed fifth and sixth, respectively, among the U.K.’s top 10 retail companies as ranked by unique visitors to their desktop brand sites.

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Past Lessons May Prove Invaluable For US Real-Time Payments Rollout

PYMNTS

Real-time payments initiatives are under way all across the globe, but there is little consistency across jurisdictions regarding how the financial services sector takes on the initiative or where each market is at in terms of progress in achieving real-time payments capabilities. In the U.S., there is a bundle of faster payments initiatives, but one of the largest efforts in the area of real-time payments, specifically, is with The Clearing House.

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Mastercard, UnionPay, Visa Launch Standardized QR Code For E-Payments In Thailand

PYMNTS

Mastercard , UnionPay International and Visa have introduced a Standardized Quick Response (QR) Code for payments, accelerating Thailand’s transition to a cashless society. According to a press release , consumers holding a Mastercard, UnionPay or Visa card can pay using a mobile application with Standardized QR Code support to scan the merchant-presented QR code, which works on both smartphones and phones with a camera function.

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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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Will Android Pay Use Facial Recognition For Loyalty Programs?

PYMNTS

Google may be gearing up to include facial recognition in Android Pay, judging from the code on a new version of its payment app. According to a report , 9to5Google did a so-called APK teardown of Android Pay Version 1.22 and found Visual ID, a feature that is described by Google as a “a secure way to confirm your identity at participating stores, making it easier to do things like earn loyalty points and redeem rewards.”.

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Bitcoin Tracker: Another Day, Another All-Time High

PYMNTS

Bitcoin’s growing just about as fast as we can write about it — as are a number of other cryptocurrencies, for that matter. It only took just over one day for the bitcoin price to break the record it set earlier this week. On Thursday (May 11) of this week, bitcoin saw values break above $1,800 for the first time in history. It’s a crazy amount of growth — up a full 81 percent since the beginning of 2017 and nearly triple (299 percent) the value at this time last year.

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Blockchain Tracker: The Auto Industry Revs Its Blockchain Engine

PYMNTS

While the blockchain technology makes its way into different industries outside of the finance arena, one vertical that’s ready to take it on is the automotive world. With the combination of big data in the auto market set to reach $4 billion by 2020 and end-point authentication in the auto market to be valued at $1,042.5 million by 2022, blockchain technology use is prime for integration.

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Can APIs Fast-Track B2B X-Border Payments?

PYMNTS

The global peer-to-peer (P2P) transfer and remittance market has grown to well over $1 trillion, thanks to the glut of P2P money transfer apps making domestic and cross-border payments easier and faster than ever. The cross-border B2B payments market, on the other hand, is fraught with friction, despite being much larger in size — accounting for nearly 80 percent of global cross-border payment revenue, according to a 2016 report by McKinsey & Company.

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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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Today In Data: P2P Payment Apps

PYMNTS

As technology becomes more pervasive in everyday routines, more people are utilizing person-to-person (P2P) payments. According to Bank of America’s latest research, Bank of America Trends in Consumer Mobility Report , millennials are leading the charge in pushing for digital P2P payments via mobile apps. Here are the numbers: 36 percent | Percentage of U.S. adults using P2P payments. 62 percent | Percentage of P2P payments stemming from millennials. 45 percent | Percentage of people sur

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Disappointment Shadows Latest SME Employment Data

PYMNTS

The latest data from the CBIZ Small Business Employment Index “disappoints,” analysts said. The report , released Friday (May 5), found a 0.32 percent month-over-month decrease in hiring for the month of April among U.S. small businesses. CBIZ called it a “large decline” compared to the 1.66 percent increase recorded in March.

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Fidelity Sets Its Sights On eCommerce, $65M Funding of Spring App

PYMNTS

Like sands through the hourglass, these are the days of our retail lives. As more brick-and-mortar locations struggle to keep pace with online shopping, Fidelity has taken notice and made the decision to focus its efforts on eCommerce. This week, it was announced that the mutual fund giant led a $65 million round of funding for three-year old eCommerce startup Spring.

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O2 Confirms Hack That Wiped Out Some German Customers Bank Accounts

PYMNTS

02 , the mobile phone seller, confirmed it was the target of hackers that exploited a weakness in a protocol used by telecom networks for two-factor verification. According to a report , O2 confirmed the protocol that connects the back ends of telecom networks was exploited to intercept and reroute two-factor verification codes that were sent by German banks to customers’ mobile phones to authorize the transfer of funds online.

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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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Even Fleet Saw Some Action From B2B FinTech Investors

PYMNTS

B2B FinTech startups across the U.S., U.K., Europe, Asia and the Middle East landed some more money in their pockets thanks to investors. Funding was modest and, in a few cases, kept secret, but the variety of investment activity is a positive sign for the industry: cross-border payments, procure-to-pay, alternative finance, and even fleet saw some action, totaling more than $15 million in (known) funding rounds.

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Tech Center: Startup Genome’s 2017 Global Startup Ecosystem Report

PYMNTS

Throughout the globe, there are cities that are traditionally thought of when it comes to startup epicenters. Whether it’s San Francisco, New York City, London or Hong Kong, each of these areas have become well-known for developing and implementing innovative ideas. In an effort to better understand the startup environment around the world, global collaborative company Startup Genome conducted a study that surveyed 10,000 founders from 100 cities in 50 countries.

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Moneycorp Goes After SMEs With Corporate FX Acquisition

PYMNTS

U.K.-based foreign exchange company Moneycorp is entering the U.S. market and targeting SME clients through its acquisition of Commonwealth FX. Reports Wednesday (May 10) said Moneycorp has agreed to acquire Commonwealth FX, though the companies did not disclose the price tag of the deal, but did say that it would finance it by paying 20 percent using cash on hand.

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The CFPB Is Taking A Closer Look At SMB Credit Access

PYMNTS

After almost a decade of complaints regarding a lack of access to credit, the Consumer Finance Protection Bureau has announced it will launch an inquiry into the financing needs of SMBs in the U.S. “Small businesses fuel America’s economic engine, create jobs and nurture communities. Yet little is known about how well the lending market serves their financing needs,” CFPB Director Richard Cordray said in a statement announcing a formal request for information.

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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.