PYMNTS
DECEMBER 30, 2016
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments, more broadly?
PYMNTS
DECEMBER 28, 2016
Activewear brand Fabletics , which was co-founded by Kate Hudson in 2013, announced plans for a retail expansion across the U.S. in 2017. The once pure play eCommerce business will open 12 new physical locations next year, adding to the 18 existing Fabletics locations that began launching in the Fall of 2015. The company confirmed that the new locations will bring the brand’s total retail store count to 30 locations throughout the U.S.
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PYMNTS
DECEMBER 27, 2016
Capital One’s Treasury Management Group is already looking ahead to how corporate treasurers will face the most modern of challenges in 2017. A new survey from the group published earlier this month found that 83 percent of treasurers are gearing up to upgrade existing technologies, or implement entirely new ones, in the coming year. In response to the survey’s findings, Capital One Executive Vice President and Head of the Treasury Management Product Management Group Patrick Moore sa
PYMNTS
DECEMBER 29, 2016
There seems to be no shortage of action in the corporate banking space, whether it be scandals (like Royal Bank of Scotland’s Global Restructuring Group fiasco ), cyberattacks (such as the $81 million stolen from the central bank of Bangladesh) or anomalies like Brexit impacting top financial institutions across the globe. So, what can corporates expect from their banks in 2017?
Advertiser: Paycor
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PYMNTS
DECEMBER 28, 2016
Safety may come first, but the security guard industry hasn’t really been updated in decades. And, as a result, some argue the world is not as safe as it could be. However, one company — Bannerman — has created the technology close that gap and make people safer on a daily basis. As an “Uber of X” company, San Francisco–based Bannerman pairs security guards with businesses in high-rise buildings seeking protection.
PYMNTS
DECEMBER 30, 2016
Bank heists and data breaches saw no shortage in 2016, and corporates large and small could no longer avoid the risk of a cyberattack. Still, researchers have found, many businesses do just that: RedSeal released a report this month that described the state of corporates’ approach to enterprise security as one of “cyber naïveté,” with many executives believing that their existing strategies are sufficient to ward off a cyberattack.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
DECEMBER 30, 2016
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments, more broadly?
PYMNTS
DECEMBER 30, 2016
In its quest to bring quick, convenient drone delivery to the mainstream masses, Amazon looks to be investigating ways to bring its warehouse fulfillment centers to the sky. Filings recently disclosed from the U.S. Patent and Trademark office show what Amazon described as an airborne fulfillment center, what looks like a large zeppelin with a storage facility attached beneath, designed to remain at high altitudes to keep stock, supply and replenish drone deliveries.
PYMNTS
DECEMBER 30, 2016
While some may be concerned about the fate of postal services, there clearly is demand in China. According to China’s State Post Bureau , online purchases generate more than 21 billion of the 30 billion packages delivered this past year in the country. The year before saw 20 billion total packages, including both eCommerce and other parcels. And as Alibaba and JD.com are gaining international appeal, more shipments are going and coming overseas.
PYMNTS
DECEMBER 30, 2016
Two blockchain consortia have seen their membership numbers increase, a good sign that distributed ledger technology will see continued support in 2017. Hyperledger Project announced Thursday (Dec. 29) that eight new members have joined its ranks, including CA Technologies, Factom Foundation, Hashed Health, Koscom, LedgerDomain, Lykke, the Sovrin Foundation and Swisscom.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
PYMNTS
DECEMBER 29, 2016
Deloitte has been an early embracer of blockchain technology, and 2016 was a busy year for the consulting firm in the space. Earlier this month, Deloitte revealed an investment in blockchain startup SETL, a U.K. firm that uses distributed ledger technology for payments and settlement. It was Deloitte’s first public investment in a blockchain startup, according to reports, but the company had already been working with SETL to develop contactless card solutions for Metro Bank.
PYMNTS
DECEMBER 29, 2016
Well, the gifts have been opened, the roast beast is a memory being celebrated in cold sandwich form this week and the malls are once again full of shoppers — who are now returning the wrong gifts and getting themselves the right ones (and whatever else happens to be on really good discount this week). Christmas is in the tank of yet another year, which means the only thing left to do is get the tuxedo to the dry cleaner, get the champagne in the fridge and the shrimp cocktail on ice — because i
PYMNTS
DECEMBER 29, 2016
InterContinental Hotels Group (IHG), parent company to more than 5,000 global hotel locations including Holiday Inn, is investigating a possible data security breach in some U.S. chains. Last week, sources familiar with fraud prevention at different financial institutions told Krebs on Security that a pattern of fraud was recognized on payment cards which could point to a breach across some IHG properties.
PYMNTS
DECEMBER 28, 2016
When it comes to complaints lodged with the Consumer Financial Protection Bureau about debt collection, the government agency said attempts to collect debt on money that is not owed were the number one complaint. “Today’s report shows that consumers continue to report being harassed about debts they already repaid or debts they do not owe,” said CFPB Director Richard Cordray in a press release announcing the results.
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
PYMNTS
DECEMBER 30, 2016
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments, more broadly?
PYMNTS
DECEMBER 30, 2016
While the shift to the online space is often seen as the great game-changer in retail, Loren Padelford, vice president and general manager of Shopify Plus , said that the change is actually to something more fundamental. “For the first 5,000 years of commerce, the merchant has been at the center. In the last five years, it’s flipped. The consumer is at the center,” Padelford said.
PYMNTS
DECEMBER 28, 2016
Israel-based cyber-intelligence company EverCompliant is the first line of defense against transaction laundering, the digital payments space’s equivalent of traditional money laundering. In a nutshell, transaction laundering allows prohibited merchants to find safe passage into the payment system by exploiting valid merchant accounts. Founded in 2007, EverCompliant began as a global acquirer enabler, helping acquiring banks to manage their merchants’ PCI compliance.
PYMNTS
DECEMBER 30, 2016
Moving is no fun. Packing up and schlepping furniture and belongings, only to unpack and re-set up in a new location is taxing. But if part of the equation were taken out — say, the moving and setting up of furniture — perhaps it would be better for the consumer? That’s what Furnishr aims to do. Cofounded by Michael Van and Karen Lau, this “Warby of home furnishing” company started in January 2015, now has more than 30 individuals on board and works with 10 commercial businesses on an ongoing ba
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
PYMNTS
DECEMBER 30, 2016
Subscription models have seen a significant rise across commerce categories in the past few years. At the start of this year’s holiday shopping season, the gift that keeps on giving got an additional sales boost. Recurly Inc., which provides enterprise-grade subscription management platforms to thousands of businesses worldwide, found that the total payment volume (TPV) of same-store sales for subscription businesses increased year over year by 17 percent on Black Friday and 16 percent on Cyber
PYMNTS
DECEMBER 30, 2016
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments, more broadly?
PYMNTS
DECEMBER 29, 2016
Blockchain technology is slowly slinking through the aisles of retail business. Walmart is using it for tracking product and pork , and analysts are placing side bets on Overstock using the technology. “Blockchain saw much wider overall acceptance in 2016, especially since Bloq’s announcement that they were working with Visa,” said Bill Shihara, CEO of Bittrex , Next Generation Cryptocurrency Exchange.
PYMNTS
DECEMBER 28, 2016
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments, more broadly?
Advertiser: Paycor
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PYMNTS
DECEMBER 30, 2016
Faster payments may be speeding up transactions for consumers, but it may also be putting pressure on the systems banks have in place to fight fraud. According to American Banker , faster ACH payments are impacting the ability of banks to review transactions for fraud. It’s no surprise that cybercriminals are smelling the blood in the water. With credit-based ACH payments now being settled within the same day, many financial institutions are unable analyze suspicious transactions in such a short
PYMNTS
DECEMBER 29, 2016
Some of the largest banks already involved in blockchain development are now in a race to snatch up patents from the technology, reports said. The Boston Globe reported Wednesday (Dec. 28) that Bank of America and Goldman Sachs are just two of the top banks to begin pursuing the acquisition of blockchain patents. Doing so could give them a competitive advantage, reports said, as many developers of blockchain-based solutions depend on open-source technology technically owned by someone else.
PYMNTS
DECEMBER 29, 2016
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments, more broadly?
PYMNTS
DECEMBER 26, 2016
The Commanders-In-Chief series gives executives across the payments space an opportunity to not only share their insights but also pass along advice based on their experiences and what they are seeing in the industry. Over the years, we’ve heard from many payments stakeholders, and as 2017 approaches, we’ve gathered some of the advice we think everyone should keep top of mind.
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
PYMNTS
DECEMBER 26, 2016
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments, more broadly?
PYMNTS
DECEMBER 30, 2016
Analysts continue to flesh out their predictions for payments and FinTech in 2017, but one can never truly know the exact direction an industry will take. The B2B payments space is positioned to go in multiple directions as regulations and faster payments initiatives offer new opportunities in speed and efficiency, as technological innovation improves corporate payments and cash management and as market conditions, like globalization, introduce new demands and pressures for businesses and their
PYMNTS
DECEMBER 30, 2016
This year, investors began to pivot towards B2B startups with an eye on profitability. This week, TechWire reported on this trend, noting that the rise in on-demand services ushered in a new wave of investment for consumer-facing startups. “But a funny thing happened along the way: Many on-demand companies realized that the big bucks lie not in serving consumers but in catering to businesses,” the publication wrote.
PYMNTS
DECEMBER 27, 2016
It’s been slow going when it comes to consumer adoption, but it seems digital identity companies are starting to bet big on mobile payment technology becoming more popular with consumers. Data from Statista indicates that more than $450 billion was spent in the United States last year via mobile payments, and that number could balloon up to more than $1 trillion by 2019.
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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