PYMNTS

MARCH 4, 2019

Pharmacies and the delivery of prescription medication are both undergoing significant change, and much of the credit for that can be directly or indirectly attributed to the rise of eCommerce and digital payments. The latest development? The deployment in South Africa of what some observers are calling ATMs for medicine. A recent report from the Financial Times offers one of the better descriptions of the project, meant to ease certain pressures on the South African healthcare system and provid

Healthcare 93

Healthcare Technology Gaming Account 93

Katz,Sapper&Miller

MARCH 8, 2019

Katz, Sapper & Miller’s Andy Manchir, director in the firm’s ESOP and Valuation Services Groups, will present at the National Center for Employee Ownership (NCEO) 2019 Employee Ownership Conference. Taking place April 9-11 in Pittsburgh, PA, the annual conference is the nation’s premier ESOP event to share knowledge, network with peers, and discuss concerns and opportunities impacting the ESOP community.

46

46

Cherry Bekaert

MARCH 8, 2019

To assist state and local governments with applying GASB Statement No. 87, Leases , the Governmental Accounting Standards Board (“GASB”) has issued a draft Implementation Guide. The GASB presents the proposed guidance in a question-and-answer format and intends to clarify the requirements listed under the lease accounting standard. GASB Statement No. 87 offers a simplified approach for state and local governments to account for and disclose leases.

accounting standards 40

accounting standards Government Account accountant 40

CBH

MARCH 7, 2019

President Trump announced over the weekend plans to issue an executive order that would withhold federal research funds to colleges that do not support free speech. The president did not offer details on how the executive order would work or who will determine whether an institution violated free speech, but he referenced incidents at the University of California, Berkeley for declaring the order.

Education 40

Education California Account accountant 40

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

PYMNTS

MARCH 4, 2019

To help keep the prices of food and drinks low, the Mercedes-Benz Stadium in Atlanta is about to become cashless. Only credit cards, debit cards and mobile payments will be accepted at the venue beginning on March 10, Bloomberg reported. With the change, the costs of working with cash, such as reconciliation and physical cash drawers, are said to be removed.

Gaming 90

Gaming Technology Account accountant 90

PYMNTS

MARCH 7, 2019

Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S. to do so, according to a report by The Wall Street Journal. The new law will take effect in July and would require most retail outlets to accept physical currency. New Jersey recently passed a similar law and New York City is on the path to doing so as well.

New Jersey 85

New Jersey Massachusetts New York Retail 85

PYMNTS

MARCH 6, 2019

Global payments and receivables company Flywire enjoyed strong growth in 2018 that it plans to carry into this coming year and over $10 billion in total payments volume. Some of the company’s achievements last year included raising $100 million in new funding, expanding its presence in Asia-Pacific and EMEA and making significant gains in both regions.

Hospitality 80

Hospitality Healthcare Education 80

PYMNTS

MARCH 7, 2019

Ant Financial Services Group and Jiangsu-based Hoperun Information Technology announced Wednesday (March 7) a new banking product aimed at financial institutions. In a press release , the companies said the new banking product dubbed Distributed Core Banking Platform (DCBP) helps financial firms move their business models to customer-oriented models and away from transaction-oriented models.

accounting and finance 79

accounting and finance Finance Technology Account 79

PYMNTS

MARCH 7, 2019

Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer data is being used. While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting. In fact, many still have concerns over data breaches under PSD2, especially when it comes to their relationships with banks, now required to share previously siloed data with third

Government 79

Government Technology Maine 79

PYMNTS

MARCH 4, 2019

Allow us at PYMNTS to take a brief step back and admire the landscape — in this case, the growing, though still young, connected vehicle ecosystem. A decade or two from now, such a look will be possible only via history books, TV and magazine retrospectives, or unreliable personal memories. Now, though, one can see how this massive economic, commercial and cultural shift is taking place in real life.

Technology 77

Technology Retail 77

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PYMNTS

MARCH 8, 2019

Microsoft disclosed on Friday (Mar. 8) that it will acquire global cross-border money transfer company Transfast, which works with both P2P and B2B payments. Microsoft said in a press release that Transfast will “complement Mastercard’s wide range of payment solutions by increasing worldwide connectivity in the account-to-account space, enhancing compliance capabilities and offering more robust foreign exchange tools.”.

B2B 76

B2B Government Account accountant 76

PYMNTS

MARCH 8, 2019

Consumers in the European Union (EU) are adjusting to Payments Service Directive 2 (PSD2) and General Data Protection Regulation (GDPR), even though these regulations focus on bringing greater trust through transparency. At the same time, new technologies such as biometrics are emerging in the fight against fraud. And an initiative tied to a consortium of companies is looking to redefine how automated teller machine (ATM) applications are built and used.

Technology 75

Technology Government Retail 75

PYMNTS

MARCH 5, 2019

Credit card debt in the U.S. reached $870 billion at the end of last year, setting a record. Bloomberg , citing data from the Federal Reserve, reported credit card balances in the third quarter were $26 billion less. While spending tends to increase in the fourth quarter because of the holiday selling season, the Federal Reserve said it’s the first time credit card balances reached “the 2008 nominal peak,” the report said.

Account 74

Account accountant accounted Finance 74

PYMNTS

MARCH 8, 2019

Bank-FinTech collaborations have emerged as a viable, lucrative growth path for both sides of these partnerships. For traditional financial institutions (FIs), working with a would-be competitor means integrating technologies for customers without having to build solutions from scratch. For FinTechs, the deals mean access to a broader range of customers through well-established industry names.

B2B 72

B2B accounting and finance Finance California 72

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 6, 2019

On Friday (March 8), the world will recognize International Women’s Day — celebrated globally since 1975, when it was adopted as a holiday by the United Nations. In the 44 years since, much has changed for women all over the world. More women have finished college and started businesses, as well as work outside the home and fill management or supervisory blue-collar positions, than at any previous point in U.S. history.

Technology 71

Technology 71

PYMNTS

MARCH 7, 2019

Data privacy and security is becoming a popular political issue, and the latest proof of that came Thursday (March 7) on Capitol Hill. During a hearing for the U.S. Senate Homeland Security and Governmental Affairs Subcommittee on Investigations, executives from Equifax and Marriott were called out on their companies’ recent data breaches , while other witnesses helped describe the current landscape when it comes to online privacy and data security.

California 71

California Manufacturing Account accountant 71

PYMNTS

MARCH 6, 2019

SnapPay, the Canadian cross-border payments company, and Alipay, the Chinese digital payments platform operated by Ant Financial Services, announced a collaboration Wednesday (March 6) that will enable Canadian Chinese grocery chain FoodyMart to accept Alipay. In a press release , the companies said consumers will be able to pay in Chinese currency at all locations including the Alipay Experience store, which is newly designed and located in Richmond, BC.

Retail 70

Retail Sales 70

PYMNTS

MARCH 4, 2019

Comcast announced Monday (March 4) that it has acquired BluVector, a company that uses advanced artificial intelligence and machine learning to provide cybersecurity protection to companies and government agencies. In a press release , Comcast said that using a proprietary machine-learning engine, BluVector can detect, analyze and contain cyberthreats, including fileless malware, zero-day malware and ransomware.

Government 69

Government Technology 69

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 5, 2019

The Mexican central bank and Amazon are in talks to introduce a government-approved mobile payment system, according to reports. The system would involve users paying for online purchases using QR codes, and it would be the first time Amazon offered the technology in the country. In Mexico, half of the population is unbanked, so the move could eventually provide Amazon with a new customer base.

Government 69

Government Retail Technology Sales 69

PYMNTS

MARCH 8, 2019

It’s one of the main clichés of the early 21 st century, but that doesn’t mean it’s wrong: Data is the new oil. The saying reflects the value of payment, commerce and personal information in the growing digital economy, and the fact that those organizations that know how to collect and harness tend to have an edge over competitors and the best prospects for growth.

Maine 68

Maine Start-ups Technology 68

PYMNTS

MARCH 6, 2019

The French government is going after U.S.-based internet companies, announcing Wednesday (March 6) the introduction of a digital tax that will impact companies including Google, Facebook, and Amazon. According to a report in CNBC , France’s finance minister announced the 3 percent tax, saying it will apply to about 30 big companies, mainly from the U.S.

Government 68

Government Tax income tax Maine 68

PYMNTS

MARCH 8, 2019

HSBC has unveiled its application program interfaces (APIs) and developer portal to comply with the EU’s Second Payment Services Directive (PSD2). Reports in the Global Banking & Finance Review said this week that HSBC launched the APIs and developer portal to enable third-party payment companies to deploy their own solutions for business and consumer customers.

accounting and finance 67

accounting and finance Finance Retail Account 67

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Finance

PYMNTS

MARCH 7, 2019

Corporate payments are still not a guaranteed use case for cryptocurrencies. While some analysts say crypto is a viable technology to address the friction of cross-border transactions in particular — pointing to the lack of transparency and speed in the traditional correspondent banking system — a lack of acceptance on the receiver’s end means a technology like bitcoin probably won’t be the B2B payment rail of choice anytime soon.

B2B 67

B2B accounting and finance Finance payroll 67

PYMNTS

MARCH 2, 2019

All Deborah Copaken really wanted was a warm coat. A good coat. A Canada Goose coat. Sure, it cost more than $900 – but she rationalized that, spread over the next three decades, that was only $31 a year. And besides, if she died before getting her money’s worth, she could bequeath the coat to her eldest daughter. The problem was, she couldn’t find her size in the style she wanted on the Canada Goose website, or on other retailers’ sites.

Manufacturing 67

Manufacturing Technology Legal Gaming 67

PYMNTS

MARCH 6, 2019

PayPal said on Wednesday (March 6) that it has provided more than £1 billion in financing to small businesses in the United Kingdom through its Working Capital program. As has been reported, the company’s capital lending program lets companies receive cash advances against future revenues. The company said in a statement that the total amount of funding advanced to firms was up 60 percent, reaching that £1 billion tally in 2018.

Finance 67

Finance B2B 67

PYMNTS

MARCH 8, 2019

The guiding principle of any marketplace is supply and demand. The guiding principle of any online marketplace focused on short-term work — known, of course, as the gig economy — is to match supply and demand with speed and efficiency to get workers in place for the jobs that need doing. To that end, U.K. marketplace Labour Xchange , launched in February, is “trying to turn the entire market on its head,” according to Co-founder and CEO Jonathan Key in the latest PYMNTS Matchmakers podcast.

Government 66

Government Account accountant accounted 66

Advertiser: Paycor

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.

PYMNTS

MARCH 4, 2019

After Uber started to introduce Uber Rewards in January, the feature is now said to be available to all passengers in the United States. Through the program, U.S. riders earn points for their Uber X, Premium, and Pool rides along with Uber Eats purchases, according to reports. According to a chart provided by reports, passengers earn 1 point for every $1 they spend on Uber Eats and Uber Pool, while they earn 2 points for every dollar they spend on Uber X.

Start-ups 65

Start-ups 65

PYMNTS

MARCH 6, 2019

Twitter Chief Executive Jack Dorsey is spending thousands of dollars per week to purchase bitcoin, betting the digital currency’s value will rise again. The Independent , citing comments Dorsey during a 30-minute interview on a Tales from the Crypto podcast, reported that in recent weeks, he had maxed out the $10,000 spending limit on his payment company Square’s Cash App buying bitcoin.

New York 64

New York 64

PYMNTS

MARCH 5, 2019

HSBC U.K. provided a $26.3 million funding round for B2B eCommerce and spend management company Proactis, the company revealed. In an announcement on its website, Proactis said the investment will enable the company to target small and medium-sized businesses (SMBs) and their cash flow challenges by incentivizing faster payments to small firms. In addition to the new funding, Proactis announced that its new CEO, Tim Sykes, is launching a review of the company’s operations in the U.S. and E

B2B 63

B2B Spend Management Technology 63

PYMNTS

MARCH 4, 2019

Tristan O’Tierney, who helped found payments firm Square before leaving the company in 2013, died on Feb. 23. O’Tierney was 35, and held positions at other tech firms prior to arriving at Square, CNBC reported. A spokesperson for the company told CNBC, “Tristan was part of Square’s founding story, and we are deeply saddened by his passing,” adding that “our thoughts are with his family and friends.” The co-founder worked for Square for almost four and a half years.

Alaska 63

Alaska Technology New York Account 63

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