PYMNTS
MAY 3, 2019
Payments don’t always have to be just about the cards. That’s the big message being sent throughout the payments world as PSD2 and other FinTech efforts spark innovation and give consumers, companies and other organizations more methods to pay — methods that better match the preferences of those participants, payments that feature more speed and less friction than was often the case before.
Katz,Sapper&Miller
MAY 1, 2019
The Affordable Care Act turned the traditional healthcare business model on its head by reducing fee-for-service reimbursement levels and turning the focus toward value. Now the questions that every hospital and health system leader must answer are: How can we improve population health and patient care in a value-based environment, and what is the appropriate level of investment?
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PYMNTS
MAY 2, 2019
B2B payments are mired in delays, in errors, in an imbalance in funds flow and credit terms. Simply put, buyers stretch out payments and suppliers play the waiting game – at least as well as it can be played with checks and cards. The result is a cash flow crunch. Access to financing (trade finance, that is), especially online, can level the playing field a bit.
PYMNTS
MAY 1, 2019
Accounts payable operations are essential to ensuring that payments to a firm’s partners and suppliers are processed and delivered on time. These processes prevent companies from missing payments and running the risk of souring business relationships and hurting their partners’ bottom lines in the process. However, despite their importance to keeping businesses afloat, old school practices like physical paperwork are still the norm for many AP departments.
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
MAY 2, 2019
The digital revolution comes to the land where the industrial revolution was born? To that end, Invest In Blockchain reported that Mark Carney, governor of the Bank of England, said that the central bank should gear up for a “fourth industrial revolution” that includes at least some impact to payments, chiefly through blockchain and decentralized systems.
PYMNTS
MAY 3, 2019
Migrants make up a substantial portion of the economy in India. By some recent accounts , more than 100 million migrants are participating in the nation’s workforce — one-fifth of the nation’s workforce. Many of these workers travel from rural, low-income regions, hoping that work opportunities in urban areas will enable them to support their families.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
APRIL 28, 2019
Uber is gearing up to award drivers ahead of its initial public offering to the tune of $300 million, giving them as much as $40,00 each. Uber said in a Securities and Exchange Commission filing late last week that it planned to pay roughly $300 million to around 1.1 million drivers located across the globe. Uber said in the filing it was paying a one-time cash driver-appreciation reward to “acknowledge drivers who have participated in our success.
PYMNTS
MAY 3, 2019
The British Government has announced that it will protect the future of cash to make sure the proliferation of digital currency doesn’t affect portions of the population who rely on physical money every day. Chancellor Philip Hammond said there’s going to be a new group to tackle the issue, and that it will be chaired by the treasury and will include regulators and the Bank of England.
PYMNTS
MAY 2, 2019
SWIFT is expanding its network-wide payments validation toolkit, announcing Thursday (May 2) a new “in-flight” cloud-based payment investigation and resolution service. In a press release, SWIFT said the new feature allows for dynamic query handling between banks on the SWIFT network. With the tool, banks can quickly resolve instances where operational, regulator or compliance information is incorrect or is missing from the payment instructions.
PYMNTS
MAY 3, 2019
Blockchain payments company Pundi X has announced plans to launch Open Platform, a tool to enable developers and businesses to create blockchain solutions. In a press release on Thursday (May 2), Pundi X said Open Platform will let developers and corporates list digital tokens, and create custom XPASS cards. These cards are physical crypto wallets that allow users to top up digital assets and make payments with sellers that use the XPOS, its blockchain-powered, wireless point-of-sale (POS) solu
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PYMNTS
MAY 1, 2019
Credit card losses at the biggest banks are outpacing auto and home loans, with the biggest margin seen in the last 10 years, according to Bloomberg. The problem is not yet out of hand, however. Since the economy remains strong and the unemployment rate is low, most consumers can stay current on debt repayment. Even new foreclosures and bankruptcies fell to a level not seen in 15 years.
PYMNTS
APRIL 30, 2019
Ireland has been ramping up to boost FinTech efforts — a trend that has spanned several countries globally. As reported this past week, per Yahoo Finance , Ireland wants to see as many as 50,000 people employed directly within the country’s international financial services sector, with a target date of 2025. That goal has a roadmap in place through Minister of Finance Paschal Donohoe, who debuted a multi-point plan to increase the number from the 44,000 currently employed within the financial se
PYMNTS
APRIL 29, 2019
The We Company, formally known as WeWork, has confidentially filed for an IPO, the company announced on Monday (April 29). “(The company) announced that it has confidentially submitted an amended draft registration statement on Form S-1 with the Securities and Exchange Commission (‘SEC’) relating to an initial public offering of its common stock.
PYMNTS
MAY 3, 2019
The flow of money and data across borders is developing a new ecosystem in which payments data has as much value as the funds themselves. In business-to-business (B2B) payments, application service provider Brandwise has tapped Fundbox to help provide net terms for suppliers, buying agents and retailers. And, in retail, hair color is a big business (especially in the United States), while meal kit companies are thinking outside the box.
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 3, 2019
Facebook has been meeting with financial firms and online merchants as it makes plans to launch its own cryptocurrency-based payments system. The social media giant has been working on the project — code-named Project Libra — for more than one year, with it centered around the company’s own digital coin that users could send to each other, as well as use to make online purchases.
PYMNTS
MAY 3, 2019
Homeland Security ’s cybersecurity agency has issued an advisory about a popular gas station software that has flaws, making it highly vulnerable to hacking. The Cybersecurity and Infrastructure Security Agency (CISA) gave the Orpak SiteOmat software a vulnerability severity rating of 9.8 out of 10, revealing that it has several security vulnerabilities that require “low skill” to exploit.
PYMNTS
APRIL 30, 2019
Cross River Bank, a company that provides banking services for FinTechs, has partnered with payments processor and tech provider RS2 Software to provide an improved payment and digital banking experience for its customers, the companies announced. “Cross River and RS2 understand that technology innovators demand regulated, secure payment solutions that address dynamic, ongoing changes in the marketplace,” said Cross River Senior Vice President, Public Affairs Phil Goldfeder.
PYMNTS
APRIL 30, 2019
Investing on the part of venture capitalists in financial technology startups — otherwise known as FinTechs — declined during the first quarter of 2019, with China feeling the most pain. That’s according to a report in The Financial Times citing research by CB Insights, the market research firm, which found FinTech funding from venture capitalists around the world declined 13 percent in the first three months of the year to $6.3 billion.
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
PYMNTS
MAY 2, 2019
Royal Bank of Scotland is going after the payments market, launching a new unit Thursday (May 2) that will put it in competition with Worldpay , the former unit it was forced to unload. According to a report in The Financial Times , the new business — dubbed NatWest Tyl — is a merchant acquiring service for small and medium-sized businesses, enabling retailers to accept payments via cards in physical stores and online.
PYMNTS
MAY 1, 2019
SecureKey Technologies Inc., an identity and authentication provider, has announced that its Verified.Me digital ID system is now available at five Canadian banks in a mobile app, according to a report by Bloomberg. The move will help the banks take a big step forward in identity verification, using blockchain technology to give customers the ability to prove their identity digitally so they can confidently access their accounts.
PYMNTS
APRIL 30, 2019
With a top and bottom line beat, a stock buyback and stronger than expected guidance for Q3, there was a lot for investors to like about Apple’s March quarter earnings report – and it seems they were more than satisfied with the overall results, as Apple shares spiked 4 percent in after-hours trading and got within touching distance of that trillion-dollar valuation.
PYMNTS
MAY 1, 2019
Once upon a time, the world of travel in general – and exotic or adventure travel, specifically – was a very different place. As the second decade of the 21 st century is drawing to a close, it is almost unimaginable that booking a flight or finding the right hotel room would present as a challenge. As the customer goes online and hits up the aggregator of their choice, they get a transparent list of everywhere they could stay and all the ways they could get there, laid out before them.
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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.
PYMNTS
MAY 2, 2019
Representatives from a number of countries around the world – excluding Russia, China and representatives from technology giant Huawei – met to discuss the security of 5G networks as many countries prepare for deployment of the technology, according to a report by Reuters. The U.S. has been trying to stymie the participation of Chinese telecom manufacturers like Huawei , alleging that the company’s infrastructure could potentially be used for spying by the Chinese government , an allegation the
PYMNTS
APRIL 30, 2019
PSD2 will change – indeed is changing – online commerce in Europe and beyond. In a podcast with PYMNTS’ Karen Webster, Rob Eleveld, CEO of Whitepages, took note of how PSD2 and its strong customer identification (SCA) guidelines (which take effect in September) will shift checkout flows for transactions in Europe. Some verticals, such as online travel companies, will be impacted more visibly, and perhaps earlier, than other niches, he said.
PYMNTS
APRIL 29, 2019
The last decade has seen the emergence of a new generation of fast-growing, multinational businesses. Digital platforms — fueled by the convergence of mobile devices, data and the cloud — have generated unprecedented value for both their stakeholders and users. However, the payment capabilities that have propelled the growth of platforms such as Uber and Airbnb , for instance, are too inefficient to support their ambitious growth plans over the next three years.
PYMNTS
APRIL 29, 2019
With first-quarter earnings reports rolling out, it’s time to take a look at the state of small businesses and how they fared for the first three months of 2019. With Standish Mellon Chief Economist Vincent Reinhart expecting the U.S.’ Q1 GDP report to be the best of the year , there is room for optimism among entrepreneurs and SMBs, though one threat was particularly high for the quarter: cyberattacks.
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PYMNTS
MAY 1, 2019
Payments processing and financial message integration company Volante Technologies is expanding its Payments-as-a-Service offering for financial institutions in the U.S. The company’s VolPay-as-a-Service solution will now include corporate-to-bank connectivity, the firm said in a press release Tuesday (April 30), as well as support for corporate onboarding and end-to-end processing for U.S. and cross-border payments.
PYMNTS
MAY 3, 2019
Traditional payment practices are rapidly being retired as faster disbursement solutions become available. From the gig economy to small businesses (SMBs) and the restaurant industry, workers and business owners alike have clearly gotten a taste for instant payments, and have little appetite for going back to old practices. The latest Disbursements Tracker showcases the various players and new solutions launched in recent years that are helping workers and merchants to quickly connect to capital
PYMNTS
APRIL 29, 2019
Jaguar Land Rover , the U.K. vehicle maker, announced Monday (April 29) that drivers will be able to earn cryptocurrency and make payments in-vehicle using car services the company is currently testing. In a press release , Jaguar Land Rover said using smart wallet technology car owners earn credits by enabling their cars to report useful road condition data, including traffic congestion and potholes, to navigation providers and/or local authorities.
PYMNTS
APRIL 29, 2019
Amazon announced last week that it would spend $800 million to make one-day shipping the default for Prime members. Much of the coverage was about the hit to Q2 profits from the additional investments in logistics, warehousing and inventory management required to cut the current default shipping option in half. Yet, there’s an insight here that goes well beyond the number of dollars Amazon will invest, and how well the company may manage investor and analyst expectations in light of revised Q2 g
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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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