PYMNTS

MARCH 18, 2019

Is there a right way and wrong way to innovate? For banks interested in transforming their brick-and-mortar branches, maybe, according to Diebold Nixdorf Senior Director of Advisory Services Chris Gill. Gill asserts that most financial institutions, left to their own devices, may end up following a less than optimal path to innovation, and not because they have selected the “wrong” technology solution, since in Gill’s experience, what’s “wrong” for one FI might be right for another.

Technology 94

Technology Start-ups 94

Katz,Sapper&Miller

MARCH 18, 2019

Mike Heaton, partner in Katz, Sapper & Miller’s Healthcare Resources Group, will present at the Neurosurgery Executives’ Resource Value & Education Society’s (NERVES) 2019 Annual Meeting. Taking place April 11-13 in San Diego, CA, the event brings together neurosurgery professionals from across the country and equips them with tools to help navigate the evolving landscape of neurosurgery practice management.

Healthcare 49

Healthcare Education 49

Cherry Bekaert

MARCH 19, 2019

Almost one year has passed since the Financial Accounting Standards Board (“FASB”) released guidance for contributions accounting, but several nonprofit organizations still struggle with understanding the new provisions. At a March 4 meeting on accounting needs and concerns impacting the nonprofit industry, the FASB’s Not-for-Profit Advisory Committee acknowledged that nonprofits need more guidance to apply Accounting Standards Update No. 2018-08, Not-for-Profit Entities (Topic 958): Clarifying

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Account accountant accounted accounting standards 40

PYMNTS

MARCH 18, 2019

Fidelity Information Services ( FIS ), a global financial services technology company, announced Monday (March 18) it is merging with Worldpay , the global eCommerce and payments company, in a roughly $35 billion dollar deal. In a press release , FIS said the deal expands its capabilities by enhancing its acquiring and payment offerings. For Worldpay, it expands its distribution footprint and accelerates its entrance into new regions.

Florida 94

Florida Technology 94

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PYMNTS

MARCH 19, 2019

Is there a hotter topic — a buzzier buzzword, one might term it — than cashless? Ours is swiftly becoming the age of digital payments, push payments and instant payments, done by bits and bytes rather than through the conduits of coins and bills. The stats show that cash use is declining, but a decline does not presage a disappearance. In the latest PYMNTS Beyond the Buzzword podcast, Justin Ferrabee, chief operating officer of Payments Canada , a financial market infrastructure, told Karen Webs

B2C 86

B2C B2B Account accountant 86

PYMNTS

MARCH 19, 2019

Instagram has launched a checkout feature designed to help the social media platform become a more attractive place for consumers to buy retail products, and to capture more sales via what is coming to be known as contextual commerce. The launch of Checkout by Instagram includes participation by PayPal and its retail partnership program , signaling its further expansion into eCommerce payments.

Retail 84

Retail Tax Sales 84

PYMNTS

MARCH 18, 2019

“Connect the dots” is used as a metaphor for describing how a series of discrete events can explain a “big picture” – often high-impact – action or outcome. Steve Jobs, in his very famous 2005 Stanford commencement address , said connecting the dots was only possible with hindsight, by looking in the rearview window at the series of things that had happened over the course of one’s life to explain the actions of the here and now.

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B2C Account accountant accounted 80

PYMNTS

MARCH 20, 2019

Square has two new offerings: the revamped Square Online Store and Square For Retail, introduced in an announcement by the company on Wednesday (March 20). The two products will “offer sellers the tools to have one cohesive solution to start or grow an omnichannel business,” and will be fully integrated with Weebly, which Square acquired about a year ago.

Retail 78

Retail Sales Start-ups Technology 78

PYMNTS

MARCH 21, 2019

Very soon, eBay shoppers will be able to choose Google Pay as their payment method when checking out. The move comes as the latest expansion of its newly redesigned payments experience. In early 2018, eBay announced its plans to intermediate payments through a multi-year implementation that may last through mid-2020. PayPal remains a payment option at checkout — and will until at least 2023 — but Adyen is now eBay’s primary payments processor. eBay says it expects to manage the major

Retail 77

Retail 77

PYMNTS

MARCH 18, 2019

If headlines are any indication, data breaches have made off with consumers’ most sensitive bits of information, such as Social Security numbers, credit card info and bank details. Advertisers pay Facebook to display targeted ads, and Facebook shares data (though it maintains it doesn’t sell it). On and on it goes — and it seems, to the casual (or even sharp-eyed) observer, that there’s no shortage of companies busily tracking everything a consumer does, sees and buys.

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Healthcare Account accountant accounted 77

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

MARCH 22, 2019

Mastercard plans to bring cashless transit solutions to more than 20 U.S. cities in the next few years, the company said on Friday (March 22). “From mobile ticketing to digitizing commuter cards and enabling contactless payments, Mastercard has already embedded its technology in 16 metro areas including Los Angeles, Boston and Denver to make getting from Point A to Point B as simple as buying a morning cup of coffee,” the company said.

Transportation 77

Transportation Technology New York 77

PYMNTS

MARCH 17, 2019

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. According to Reuters , China’s central bank also revealed that it intends to completely utilize the technology to enhance the flow of credit and reduce financing costs for businesses, as well as improve the ability to prevent risks.

Technology 77

Technology Finance Government 77

PYMNTS

MARCH 22, 2019

Four U.K. Uber drivers are filing a lawsuit against the company for alleged violations of EU’s General Data Protection Regulation (GDPR) law, according to a report by CNBC. The drivers claim that Uber is “failing to honor its obligations” under the law. GDPR rules state that individuals have a right to their own data, even when the person holding the data is an employer.

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Legal 76

PYMNTS

MARCH 19, 2019

Behind the billions of dollars — OK, make that tens and tens of billions of dollars — in deal-making that has marked the payments space in the just the first few weeks of 2019, lies, of course … strategy. And it’s grand strategy at that, with cross-border linkups that anticipate and facilitate (and, yes, spur) the move from cash to paying online or with cards.

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B2B Florida accounting and finance Gaming 76

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

MARCH 18, 2019

An international coalition of pension funds, government entities and asset managers is suing Danske Bank over a far-reaching money-laundering scheme tied to Russia, and its subsequent cover-up. Law firm Grant & Eisenhofer announced the lawsuit as being tied to “one of the most egregious money laundering scandals in history.” The suit seeks $475 million in damages for investors in 19 countries, saying numerous institutional investors, “including many of the world’s largest pension funds, suff

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Government 76

PYMNTS

MARCH 18, 2019

JPMorgan Chase isn’t the only bank that has been working on a cryptocurrency. Citigroup was as well, but ultimately decided to scrap it instead of bringing it to market. That’s according to CoinDesk , which cited Gulru Atak, head of Citi’s Innovation Lab, as saying that after working on a cryptocurrency since 2015, the bank came to the conclusion that while the technology had potential, there were other ways to improve payments.

Finance 76

Finance Technology 76

PYMNTS

MARCH 22, 2019

The Internet of Things (IoT) has firmly taken hold, with new applications — focusing on the support of consumer, business and industrial use cases — now being developed and rolled out regularly. The adoption of IoT technology to support business use cases is particularly impressive. Thirty-four percent of businesses are using IoT in their operations, according to a recent study, and 70 percent of that group have moved beyond pilot testing to actual adoption.

Agriculture 75

Agriculture Manufacturing Transportation Technology 75

PYMNTS

MARCH 19, 2019

Instagram , the photo and video sharing social media platform operator, is rolling out a trial of a new shopping program in which users can shop and check out within the app. According to a report in Digiday , the company is testing the program with more than twenty beauty and fashion brands that will include direct-to-consumer companies as well as well known companies.

Retail 75

Retail 75

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Technology

PYMNTS

MARCH 22, 2019

While China’s Tencent reported lower-than-expected net profits in its fourth quarter earnings, some of its emerging businesses have seen significant growth. The company revealed that its Q4 net profit declined 32 percent to ¥14.2 billion ($2.1 billion USD), falling below analysts’ prediction of ¥18.3 billion. The decline was due to expenses for its portfolio companies and non-gaming investments.

Non-Profits 73

Non-Profits Maine Gaming Tax 73

PYMNTS

MARCH 20, 2019

In the age of smartphones, tablets and voice assistants, the morning or evening commute provides a myriad of opportunities for consumers to interact with the world. Those possibilities also extend to commerce, with connected devices paving the way for new shopping opportunities while consumers are on the road. According to the PYMNTS Digital Drive Report , 73 percent of today’s connected commuters use a host of devices during their drives to facilitate purchasing activities.

Retail 73

Retail Legal Technology Account 73

PYMNTS

MARCH 17, 2019

Google is getting ready to announce its own game streaming service. The tech giant will show off its plans to enter the $100+ billion gaming industry during the Game Developers Conference presentation on Tuesday (March 19) in San Francisco. It is expected that the presentation will include a commercial version of its “Project Stream” service, as well as a look at its “Yeti” gaming console.

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Gaming 73

PYMNTS

MARCH 17, 2019

Lyft is set to launch the investor road show for its initial public offering on Monday (March 18). Citing people familiar with the matter, Reuters reported that the ride-hailing platform wants to raise as much as $2 billion and be valued at more than $20 billion. The company aims to trade on the Nasdaq Stock Market with the symbol LYFT by the end of this month.

Finance 72

Finance Sales 72

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PYMNTS

MARCH 18, 2019

The term “money laundering” is believed to have originated as a result of infamous Chicago gangster Al Capone’s habit of channeling criminally obtained funds through laundromats, as their cash-heavy nature made it more difficult for the right side of the law to detect such money mixed in among legitimate payments. Money laundering has evolved greatly since Capone’s activities in the early 1900s, though, and it is becoming harder to combat.

Technology 72

Technology Government Finance 72

PYMNTS

MARCH 22, 2019

After sharp drops in bitcoin prices, a new study posits that almost 95 percent of all reported bitcoin trading is made artificially via exchanges that are unregulated. Bitwise Asset Management analyzed 81 exchanges during a four-day period in March for its report, which suggests bitcoin’s true market may be much smaller than what was once believed, The Wall Street Journal reported.

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PYMNTS

MARCH 19, 2019

To enhance diners’ experiences in quick-service restaurants (QSRs), managers are utilizing digital innovations, enabling everything from faster orders to more efficient kitchens. Overall, restaurant leaders have one goal: to make quick service even quicker. More than 70 percent of QSR managers see these as the main benefits of implementing technology, according to the PYMNTS Restaurant Readiness Index.

Technology 71

Technology Maine Account accountant 71

PYMNTS

MARCH 22, 2019

If data makes the world go ’round, so, too, does it garner investor interest, as evidenced by venture capital and other investors’ funds coming into the coffers of corporates that scrape the web for information. Thinknum. Thinknum , which provides web-sourced alternative data, has garnered $11.6 USD in series A funding from a consortium of investors, including Green Visor Capital.

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Healthcare Education Finance Sales 71

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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.

Finance

PYMNTS

MARCH 20, 2019

Entrepreneurs are sometimes inspired to create companies based on a place where they have strong ties: Eric Smith was born as well as raised in New Mexico and co-founded Nuevo Food Box , which offers a subscription box of food highlighting the flavors of the state. His wife, Jordan, was recruited for University of New Mexico basketball for the Lady Lobos.

New Mexico 71

New Mexico Start-ups Retail 71

PYMNTS

MARCH 21, 2019

It’s one thing to want to improve or innovate. That’s the easy part, the stuff of daydreams, scribbles, memos, charts and PowerPoint presentations. What’s harder — and what really makes the difference — is figuring how, where and when to innovate, a task that must take into account various factors and even wildcards that keep popping up in the growing and global digital economy and its various ecosystems.

B2B 71

B2B Technology accounting and finance Manufacturing 71

PYMNTS

MARCH 21, 2019

Western Union announced that it has teamed up with cross-border payments network Thunes to enable customers to send funds directly into mobile wallets around the world. In addition, users of Western Union’s network of agents can also send funds directly into a recipient’s mobile wallet. “We are continuously expanding and enhancing our account payout portfolio, providing customers with multiple payout options including bank accounts, cards or mobile wallets,” Western Union Global Head of Account

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Account accountant accounted Technology 70

PYMNTS

MARCH 22, 2019

Apple has reportedly acquired API integration developer Stamplay for 5 million euros ($5.678 million). The Rome-based startup won a contest to make the best use of new Visa APIs, according to Venture Beat. While it’s unknown exactly why Apple is interested in Stamplay, the fact that the company has experience in the financial payments industry could be beneficial to the tech giant with Apple Pay, its digital payment service.

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Sales 70

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"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.

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