PYMNTS

MAY 20, 2019

Mobile commerce might just be the key to saving brick-and-mortar stores. Consumers use their smartphones to shop for everything, everywhere – including using them to help them shop in-store. What’s more, consumers who use their smartphones while shopping in-store visit them more often than consumers who don’t. As much as 81.5 percent of consumers who do say they visit brick-and-mortar shops every day or every week.

Maine 90

Maine Retail 90

Katz,Sapper&Miller

MAY 24, 2019

Wherever financial information and funds flow, there is the potential for losses caused by cyberattacks, fraud, and embezzlement. With the construction industry closing in on a decade of strong performance, all levels of employees should be aware of these threats and the costs of recovery (in both time and expense).

Construction 51

Construction 51

PYMNTS

MAY 23, 2019

Kaspersky Lab, a cybersecurity and anti-virus company, has reported a rise in a specific malware intended to steal money and credentials from people’s bank accounts. The company found 29,841 files of the malware in Q1 of 2019, which is up from 18,501 in Q4. Attacks on upwards of 300,000 users were detected. Kaspersky Lab released its IT threat evolution in its Q1 2019 report.

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Account accountant accounted 83

PYMNTS

MAY 22, 2019

Mastercard and Interac, the global and domestic payment networks, announced Wednesday (May 22) they are collaborating to offer customers in Canada a fast and easy way to send money internationally. In a press release , the companies said Interac is using Mastercard Send, a push-payments service to send money cross-border, on the Interac eTransfer platform.

Gaming 76

Gaming Account accountant accounted 76

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PYMNTS

MAY 23, 2019

The B2B space is ripe for transformation, where outdated payment processes mark accounts payable (AP), and where technology can make all the difference as corporates choose their banking partners to satisfy their payment needs. To that end, Jessica Moran, general manager of Paymode-X Business Solutions at Bottomline Technologies , noted the continued (and accelerating) collaboration between banks and FinTech firms.

AP Automation 76

AP Automation Technology accounts payable accounting and finance 76

PYMNTS

MAY 21, 2019

Payment company Allied Wallet and its owner, Ahmad Khawaja, as well as two officers, Mohammad Diab and Amy Rountree, have settled with the Federal Trade Commission (FTC) over allegations of knowingly processing fraudulent transactions related to scams, the FTC reported on Tuesday (May 21). Allied Wallet was accused of processing payments for firms that were known by law enforcement agencies as fraudulent, such as Stark Law, a debt collection scheme; TelexFree, a pyramid scheme; and MOBE and Digi

California 76

California Sales Legal 76

PYMNTS

MAY 24, 2019

Intelligence of Things (IoT) devices are continuing to gain popularity. By some estimates, more than 14 billion devices are expected to be in use by the end of the year. However, with this growth comes the increased risk of data breaches and fraud. It has also raised concerns among privacy advocates and security experts, with many warning against the dangers of weak security protocols and constant vigilance.

California 75

California Technology Government Transportation 75

PYMNTS

MAY 22, 2019

Target notched an impressive beat when it reported its Q2 earnings earlier this morning (May 22), with earnings and sales both clearing analyst predictions. Net income clocked in at $795 million, or $1.53 per share. That is a beat on results at this time last year, when Target reported earnings of $718 million, or $1.33 a share, a year ago, well ahead of analyst estimates of an EPS of $1.43.

Sales 75

Sales Start-ups Retail 75

PYMNTS

MAY 19, 2019

New York’s Department of Financial Services seized Municipal Credit Union , New York’s oldest credit union, on Friday (May 17), saying it is facing “unsafe and unsound” conditions. The move comes after its ex-Chief Executive Officer Kam Wong pleaded guilty to embezzling funds, reported Reuters. According to the report, the former CEO pleaded guilty in November to embezzling millions of dollars from the credit union.

New York 72

New York 72

PYMNTS

MAY 22, 2019

As the need for speed increases worldwide, banks and other financial players are adapting payments to work smarter — not harder. Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par.

B2B 72

B2B Technology Start-ups Maine 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

MAY 22, 2019

Mobile commerce has become part of the daily routine for many consumers — who are not just using devices to shop on the go, but also in-store and for a variety of product categories. In the 2019 edition of the Remote Payments Study , PYMNTS collected and analyzed survey data from 2,300 American consumers to see how shopping habits have changed and evolved from last year.

Retail 71

Retail Technology 71

PYMNTS

MAY 21, 2019

Commuters in Portland, Oregon and Vancouver, Washington can now add a digital Hop Fastpass card to their iPhone or Apple Watch, thanks to an alliance between Mastercard and Apple. Mastercard announced Tuesday (May 21) that using Mastercard token services, commuters can add a card purchased through the Hop Fastpass App to Apple Wallet and tap their iPhone or Apple Watch to get on board public transportation.

Oregon 69

Oregon Transportation Washington New York 69

PYMNTS

MAY 22, 2019

The first time is a charm. In fact, the first time must be a charm. No, we are not talking about first dates or so-called “meet cutes” in movies. We are talking about consumer acceptance of contactless payments in the U.S. – specifically, the use of such payments for mass transit in New York City. It’s an unforgiving environment where people are famously told not to look too long at other riders, so you can imagine the frustrations in store if those payments should fail while someone is trying t

New York 68

New York Transportation Education Retail 68

PYMNTS

MAY 20, 2019

Vending machines, increasingly, are ditching the dollar bills in favor of payments rendered in bits and bytes. Kiosks are increasingly becoming part of the retail landscape. As reported in the latest Unattended Retail Tracker , done in partnership between PYMNTS and WorldNet Payments, unattended retail is gaining traction worldwide, on the heels of growth in consumer demand and as employers look to increase their operating profits.

Real Estate 68

Real Estate Retail New York Sales 68

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

MAY 19, 2019

The New York City taxicab industry has been suffering, with a series of suicides plaguing taxi drivers over the past year as they struggle with debt and financial strife. While New York City has long blamed Uber and Lyft for the industry’s woes, a New York Times investigation found the fault lies with industry leaders. An investigation by The New York Times shows industry leaders artificially drove up the price of taxi medallions.

New York 67

New York 67

PYMNTS

MAY 20, 2019

Large U.S. banks are seeing a deterioration in commercial lending portfolios for the first time in three years, according to a report by the Financial Times. The news is making some investors worried about whether it’s the start of a trend, considering the relatively strong state of the economy. Ten of the biggest commercial lenders saw non-performing loans rise 20 percent in Q1, or about $1.6 billion.

Hospitality 65

Hospitality California 65

PYMNTS

MAY 20, 2019

The number of ATMs installed during 2018 declined by 1 percent on a worldwide basis, found RBR, the research firm. In a press release , RBR said the number of ATMs stood at 3.24 million at the end of 2018 and that the decline was due to branch closures and growing popularity of mobile payments. In RBR’s new Global ATM Market and Forecasts to 2024 report, it found the number of ATMs declined in four of the five largest markets last year.

Retail 65

Retail 65

PYMNTS

MAY 20, 2019

NCR, the payments company that makes self-service kiosks, point-of-sale terminals and automated teller machines, among other payment devices, has reportedly tapped Bank of America Equities to find a buyer. Seeking Alpha , citing a DealReporter story, reported that Warburg Pincus has been in discussions with NCR during the past few weeks about a deal.

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Texas Start-ups Sales 65

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Technology

PYMNTS

MAY 24, 2019

The more things change, the more things stay the same. The merchant acquiring, processing and services industry has seen its share of headlines so far this year, with big players coming together in waves of deal-making to get bigger, and provide a greater range of processing and payment services. The year started off with a bang, as Fiserv struck a $22 billion megadeal to acquire First Data , aiming to offer “a one-stop shop” for integrated offerings to banks, merchants and service providers.

Government 64

Government Start-ups Retail Technology 64

PYMNTS

MAY 22, 2019

WeChat Pay and Alipay, the Chinese digital payment apps, have been banned in Nepal due to a loss of income as a result of the services, per the government’s claims. Reuters , citing Laxmi Prapanna Niroula, a spokesman for the Nepal Rastra Bank, reported that the two digital payment services are not registered with the central bank in Nepal and are therefore illegal.

Government 63

Government Tax Account accountant 63

PYMNTS

MAY 24, 2019

Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by Reuters. The takeover starts on Friday (May 24) and will last a year, both the Insurance Regulatory Commission (CBIRC) and the People’s Bank of China (PBOC) said on their respective websites. Takeovers of banks are rare in China, and this is the first one in almost 20 years.

Construction 63

Construction accounting and finance Maine Finance 63

PYMNTS

MAY 23, 2019

Technology may be changing, but the level of service consumers want from businesses is not. With a growing number of consumers around the globe now participating in the sharing economy, customer service and personalization are becoming crucial to connect with consumers. While many of these customers belong to the millennial and Gen Z age groups, and prefer to communicate via text or Messenger, companies in the sharing economy still need to maintain familiar channels, like contact lines, to satis

Technology 62

Technology Government Maine 62

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Technology

PYMNTS

MAY 22, 2019

To prevent consumers from leaving their carts behind before they pay, businesses need to have strong online checkout processes that convert online shoppers into customers. The aim is to head off the real and pertinent issue of checkout abandonment, which, according to some estimates, happens to a staggering share of eCommerce carts. Some estimates say almost seven in 10 — or 69.6 percent — of all online shopping carts end up deserted, according to the latest PYMNTS Checkout Conversion Index.

Gaming 62

Gaming Technology Retail Start-ups 62

PYMNTS

MAY 20, 2019

The idea for an Apple Credit card, which made a splash when it was introduced at the March Apple event, has been around since at least 2004, when Steve Jobs was running the company, according to reports. Former creative director at Apple, Ken Segall, revealed the news in a blog post on Monday (May 20). “The year was 2004, when Apple was a very different company.

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62

PYMNTS

MAY 22, 2019

An analyst has revealed that Tesla missed out on the chance to sell to Apple six years ago for around $240 per share. “Around 2013, there was a serious bid from Apple at around $240 a share,” Craig Irwin, an analyst at Roth Capital Partners, told CNBC. “This is something we did multiple checks on. I have complete confidence that this is accurate. Apple bid for Tesla.

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California 61

PYMNTS

MAY 21, 2019

Wells Fargo has been under the proverbial microscope — and now, even more, so will its CEO. The scandal-scarred bank is on the lookout for its next chief executive, with Tim Sloan having departed roughly two months ago. At the moment, C. Allen Parker is interim head of the company. But as Reuters reports , when the next CEO takes the reins, he or she will be required to do everything from submit fingerprints to offer up tax documents, and will generally face a “vetting process that could rival t

Tax 61

Tax Government Finance 61

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PYMNTS

MAY 20, 2019

According to the European Union Chamber of Commerce in China, incidences of European companies being “forced” to transfer technology in China are on the rise. That’s despite the denials of Chinese officials and executives that such transfers – where companies wind up transferring their tech and know-how in order to do business in that country – are not a problem.

Technology 60

Technology Government 60

PYMNTS

MAY 23, 2019

When it comes to innovation, go to the source. And when it comes the task of feeding people, that means to go to the people who provide the beverages. In other words, PepsiCo Inc. has joined the ranks of companies and brands setting up innovation labs. According to a statement , the beverage behemoth has “announced the launch of PepsiCo Foodservice Digital Lab, a first-of-its-kind suite of capabilities built to connect foodservice operators with the companies, services, insights, and solutions

Gaming 59

Gaming Technology Retail Maine 59

PYMNTS

MAY 22, 2019

At a meeting on Wednesday (May 22), Amazon Shareholders shot down two proposals to monitor and curb the eCommerce giant’s facial recognition service, according to a report by Reuters. Amazon’s technology, called Rekognition , has been under scrutiny as critics of the service have warned of false arrests and incorrect matches. Other voices in favor of the tech have claimed the service keeps the public more safe.

Oregon 59

Oregon Technology Florida Washington 59

PYMNTS

MAY 23, 2019

IBM and British startup Cera Care are teaming up to test out how lidar laser sensors might be able to help seniors. The six-month pilot will look into whether the sensors — which are used to help self-driving cars “see” — can allow elderly people to stay in their homes for longer without violating their privacy. The lidar systems utilize laser light pulses to capture fine-grained images.

Technology 57

Technology Start-ups 57

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