PYMNTS
FEBRUARY 13, 2019
Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said. Merchants who have upgraded to chip technology saw a decrease of 80 percent in counterfeit fraud dollars in September of 2018 when compared to September of 2015. Also, total counterfeit fraud dollars went down by 48 percent.
Katz,Sapper&Miller
FEBRUARY 15, 2019
Mark Flinchum partner-in-charge of Katz, Sapper & Miller’s ESOP Services Group, will present at The ESOP Association’s Indiana Chapter 2019 Annual ESOP Conference. Taking place March 6 in Carmel, IN, the conference brings together professionals from the employee stock ownership plan (ESOP) community for networking and education about top issues facing today’s ESOP stakeholders.
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PYMNTS
FEBRUARY 15, 2019
The costs of using some cards is going on the incline, as news is breaking that the nation’s two largest card networks, Visa and Mastercard, are preparing to up the fees charged to merchants to accept network-branded cards. The change will go into effect in early April, according to reports from The Wall Street Journal. According to a Visa spokeswoman, the new price changes impact fees that Visa hasn’t adjusted in at least three years.
PYMNTS
FEBRUARY 11, 2019
Entrepreneurs sometimes see opportunity in places that are far from the hustle and bustle of city life: When spending time in San Francisco, Outdoorsy Co-founder and CEO Jeff Cavins spotted an unmet need for accommodations other than hotels or home shares in scenic destinations. And while he noticed that people loved camper vans and recreational vehicles (RV), there weren’t many places to rent them.
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
FEBRUARY 12, 2019
Heading toward potentially becoming a public company, Peloton Interactive Inc. is reportedly talking with banks about an initial public offering (IPO). The company is seeking a debut in the latter half of the year, The Wall Street Journal reported. According to unnamed sources cited by the outlet, the company is looking for a valuation over $4 billion.
PYMNTS
FEBRUARY 11, 2019
Cash flow is steady when accounts payable and accounts receivable are well managed. Hiccups in accounts receivable — such as not getting paid on time — mean that business owners can struggle to meet their own financial obligations. Intuit found through a study that, across the globe, as much as 61 percent of small businesses (SMBs) face difficulties when it comes to managing cash flow.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
FEBRUARY 11, 2019
The year is 2039. The youngest of the bridge millennials – those 30- to 40-year-olds who today represent the first generation of connected consumers with spending power – will be having their mid-life crises at the age of 50. And the 60-year-olds will be telling the world that 60 is the new 30. By then, it might be. The year that even a decade ago seemed a lifetime away is only 20 years from now – and will be here before we know it.
PYMNTS
FEBRUARY 11, 2019
As the payments landscape evolves and becomes ever more digital in scope, and as FinTech firms make inroads into traditional financial services, regulators are looking at FinTech credit — and how it might be defined and shaped. There seem to be no easy answers on just how to regulate the space. The Financial Stability Board (FSB) has released a report, stating that “descriptions of FinTech credit business models vary significantly across jurisdictions.
PYMNTS
FEBRUARY 11, 2019
The “state” of — well, anything — refers to its condition, the attributes and even the state of “mind” that denotes where we are at any given time on an endeavor. Might the state of faster payments be described as “conflicted?”. Consider the sheer number of rails that exist today, where financial services infrastructures in the U.S. may be perceived as being a bit behind the demand of consumers.
PYMNTS
FEBRUARY 13, 2019
Token.io , the Turkey-based open banking platform company, announced Wednesday (February 13) Mastercard has chosen it to provide the connectivity layer for the payment company’s open banking hub. In a press release, Token said the hub connects merchants and retailers to financial firms in Europe so that they can access data and conduct payment transactions.
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
FEBRUARY 15, 2019
Open banking in the United Kingdom is a bit more than a year old, fostering data-sharing by financial institutions and a collaborative mindset between financial services firms that might at first glance seem the fiercest of competitors. And increasingly, for traditional finance firms, even the largest among them, eyeing smaller nimble tech upstarts can be a case of “If you can’t beat ’em, join ’em” and “Put your money where your mouth is.”.
PYMNTS
FEBRUARY 13, 2019
FinTech innovation has opened the floodgates for thousands of enterprise apps from which companies can choose. One of the most attractive characteristics of the enterprise app space is that out-of-the-box solutions can save on research and development costs, with companies rolling out enhanced onboarding and integration capabilities to limit disruption.
PYMNTS
FEBRUARY 15, 2019
There was a time when JPMorgan Chase (JPMC) CEO Jamie Dimon didn’t have much in the way of positive things to say about bitcoin. “The currency isn’t going to work,” the executive said. “You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.”. He went on to call it “a fraud,” and noted he would fire any trader caught messing with it for being “stupid.
PYMNTS
FEBRUARY 12, 2019
U.K.-based FinTech SumUp, which helps small to medium-size businesses (SMBs) take card payments, has acquired Shoplo, a multichannel eCommerce platform. The move was a bid to expand its reach and to provide its merchants entry into different online marketplaces like eBay, Etsy and Facebook, according to a report by TechCrunch. The exact terms of the deal aren’t known, but Shoplo technology will also help SumUp’s customers to create better ecommerce storefronts.
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
FEBRUARY 14, 2019
The movement toward cross-border payments — done digitally, at lower cost and completed faster — is an inexorable one. Headlines in recent weeks have centered on the efforts by Ripple and messaging service SWIFT to improve cross-border money transfer activities. As noted in the American Banker , SWIFT has maintained that Ripple has not set up relationships with firms that can navigate regulatory hurdles.
PYMNTS
FEBRUARY 10, 2019
Despite the fact that it’s rejected a number of bitcoin exchange-traded fund (ETF) proposals, a commissioner at the U.S. Securities and Exchange Commission (SEC) believes one will eventually win approval. “Eventually, do I think someone will satisfy the standards that we’ve laid out there? I hope so, yes, and I think so,” said Robert J. Jackson Jr., according to CoinDesk.
PYMNTS
FEBRUARY 12, 2019
Remittance company SendFriend announced that it has raised $1.7 million from investors MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital. The investment funding will allow SendFriend to better enable Overseas Filipino Workers (OFWs) to safely transfer USD to PHP at the lowest possible rates.
PYMNTS
FEBRUARY 12, 2019
MoneyGram largely missed Wall Street estimates — at least in terms of headline numbers, amid results that showed continued headwinds of compliance efforts. Management had pointed to such impact in its last conference call and, this time around, gave the nod to continued traction in digital efforts and restructuring activities that set the stage for growth in the longer term.
Advertiser: Paycor
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
PYMNTS
FEBRUARY 15, 2019
In a move to better control shipping and logistics, Amazon has been expanding Amazon Air, with 50 new planes and numerous regional hubs, according to a report by CNBC. The expansion includes a $1.5 billion hub in Northern Kentucky, scheduled to be open in 2021. Amazon now controls shipping about 26 percent of its online orders, according to Wolfe Research.
PYMNTS
FEBRUARY 11, 2019
Goldman Sachs and other investors have led a $44 million investment round in Nav , a company linking small businesses to their business credit scores and reports. Reports in Reuters on Monday (Feb. 11) said Point72 Ventures, Experian Ventures, CreditEase FinTech Investment Fund and Aries also joined the round, which Nav said will be used to focus on further developing its technology.
PYMNTS
FEBRUARY 13, 2019
Kroger , one of America’s largest supermarket chains, is introducing a new mobile payment option and a loyalty rewards card, according to reports. The mobile payment option, called Kroger Pay, is available in any Kroger apps for both Android and iOS. At the terminal, shoppers can either use biometrics, enter a custom code or take advantage of the app’s QR code functionality to provide payment and loyalty card info.
PYMNTS
FEBRUARY 14, 2019
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the introduction of automated teller machines (ATMs) with facial recognition technology from Spain ’s CaixaBank. The U.K. ’s Tesco Bank unveiled Apple Siri functionality for its mobile app, state-owned firms in Indonesia are combining their mobile payments efforts through LinkAja, and the U.K. ’s Modulr as well Paxport are developing a new travel payments product.
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
FEBRUARY 14, 2019
Artificial intelligence (AI) and machine learning (ML) aren’t part of a far-off future. They are here, and they are at the bank. In fact, 100 percent of modern financial institutions (FIs) use some type of AI, ML or other learning system in varying forms and capacities. Today, nearly 70.5 percent use data mining, and nearly 60 percent use business rules management systems (BRMS), making them the most commonly used learning systems.
PYMNTS
FEBRUARY 10, 2019
Some of OkCupid’ s users have reported that their accounts have been hacked, although the dating site is denying it has experienced a security breach. A user who contacted reporters revealed that a hacker broke into his account and changed his password, as well as his email address on file, so that he couldn’t reset his password. OkCupid also never sent an email to confirm the address change, and was unhelpful when its customer reached out for assistance.
PYMNTS
FEBRUARY 12, 2019
From consumer packaged goods (CPG) to technology, companies in all sorts of industries are adopting the subscription business model. But, despite the differences in their offerings, merchants that offer subscriptions share similar challenges: They must provide a smooth process for product delivery and payment acceptance. And they must make sure their plans have the options that consumers demand.
PYMNTS
FEBRUARY 11, 2019
Amid great technological change, health and beauty retailers are developing strategies to drive innovation. In some cases, retailers are using social media tools such as Instagram to post promotions and product tutorials — or interact openly with consumers about their offerings. The aim is to stay on top of the latest digital commerce trends to remain relevant.
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.
PYMNTS
FEBRUARY 14, 2019
Healthcare as pay-as-you-go or installments? Among the findings of “ The Changing Landscape of Healthcare Payment Plans ” study, released last month, through the joint efforts of PYMNTS and Flywire : The struggle to pay medical bills is real. However, when it comes to paying down medical debt, more than 44 percent of the 2,800 individuals surveyed said they have opted for payment plans.
PYMNTS
FEBRUARY 15, 2019
Following the unveiling of its electric vehicle concepts in 2018, Rivian Automotive LLC has notched a $700 million equity investment led by Amazon. And the electric automaker, which is based in Michigan, is reportedly in discussions with General Motors about potential funding, Bloomberg reported. Rivian Automotive LLC Chief Executive Officer Robert J.
PYMNTS
FEBRUARY 13, 2019
Western Union has rolled out a new payment option that will let international Amazon.com customers pay in their respective country’s currency, the company announced in a press release. The service is being offered in 10 countries, including Chile, Peru, Colombia, Hong Kong, Thailand, Taiwan, Philippines, Malaysia, Kenya and Indonesia. The Western Union service works in conjunction with Amazon’s cross-border payment option, Amazon PayCode.
PYMNTS
FEBRUARY 13, 2019
Payments messaging firm SWIFT announced on Tuesday (Feb. 12) that it will now allow corporates to join its KYC Registry in an effort to facilitate the sharing of data between companies and their banks. The move targets one of the largest pain points of Know Your Customer (KYC) compliance for businesses and their financial institutions (FIs): the complexity linked to corporations that use multiple banks across multiple jurisdictions.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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