Sat.Nov 19, 2016 - Fri.Nov 25, 2016

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iPayYou Brings Bitcoin To Amazon

PYMNTS

Bitcoin wallet iPayYou continues to work toward a future with bitcoin as the default currency. It was just announced that iPayYou has made a way for consumers to pay for items on Amazon with bitcoin, called Amazon Direct. Now iPayYou users can transfer any amount of bitcoin from their bitcoin wallet to Amazon. Customers can use the Amazon Direct tab to the iPayYou platform to determine an amount of bitcoin to transfer and the destination account.

Retail 98
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Mastercard’s Call To Digital Payments Action

PYMNTS

Fact. Digital commerce has been a reality for more than two decades. Fact. The launch of the iPhone in 2007 and the App Store in 2008 opened everyone’s eyes to the impact that mobile would have on payments and commerce. Fact. Twenty years and hundreds of millions of smartphones later, the digital payments experience is anything but consistent anywhere — online, in-store and in-app.

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October Visa Data Shows Rise In EMV-Enabled Merchants

PYMNTS

Visa said Monday (Nov. 21) that its latest chip data update showed 388 million Visa EMV cards in the U.S. Of those, the firm said there are nearly 181 million chip credit cards in the field and 208.3 million chip debit cards. The firm also said that there are 1.7 million chip-active locations across the country. The 1.7 million tally, up 191 percent in the past year, represents 37 percent of all storefronts nationwide, according to Visa’s statistics.

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UK Government Commits To Invest £500,000 A Year In FinTech

PYMNTS

The U.K. is already a hotbed of FinTech startups, but the government is getting behind it in a bigger way, committing to invest £500,000 a year into financial technology companies. According to a report , the U.K. government is also gearing up to launch a network of regional FinTech envoys as an effort to enhance the country’s status as a leader in FinTech.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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ATMs Are Spontaneously Vending Cash (Thanks, Hackers)

PYMNTS

Why make one’s life hard hacking consumer accounts — or taking up armed robbery — when one can get the best of both worlds by directly attacking the banks’ computers and getting ATMs to do things like start spewing cash for no apparent reason? Taiwan and Thailand saw such attacks earlier this year when cyber criminals programmed bank ATMs to spew cash.

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Small Businesses Say Customers Want To Pay With Their Smartphones

PYMNTS

Small businesses may not always be at the forefront when it comes to technology, but when it comes to how its customers pay, most are on board when it comes to mobile payments. That’s according to a new survey commissioned by Samsung Electronics America and conducted by Greenberg Quinlan Rosner Research, which found the majority of small businesses polled said customers want to pay with their smartphones and they expect the use of mobile payments to grow.

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Hackers Threaten Retailers From The Inside Out

PYMNTS

Bad guys know retailers and businesses are working to stay one step ahead of their sophisticated and malicious attacks. To combat this, hackers are looking to gain access to sensitive information by taking a much easier route: using legitimate credentials to go right inside. In this week’s Hacker Tracker , Ryan Stolte , cofounder and CTO at Bay Dynamics , joined PYMNTS to shed light on the growing cybersecurity concern of insider threats and how retailers are making big strides in keeping hacker

Retail 76
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Deutsche Börse Invests In Banking FinTech figo

PYMNTS

Germany stock exchange Deutsche Börse has participated in a funding round for local FinTech startup figo, reports said Wednesday (Nov. 23). Figo has developed an API for banks that supports the revised Payment Services Directive ( PSD2 ). In total, the firm’s Series B funding round yielded $7.17 million, reports said. Deutsche Börse didn’t reveal exactly how much it provided. “The figo team led by [CEO] André Bajorat has made clear the opportunities that exist for virtually eve

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Happay Taps Into India’s SME Card Demand Surge

PYMNTS

India B2B payments firm Happay is now looking to accelerate the time it takes to onboard SMEs to its platform. The company revealed Friday (Nov. 18) that it rolled out its Express On-boarding Program for small businesses in the nation aimed to help SMEs more quickly use Happay services. The accelerated tool means small businesses can register and receive a working credit card in only a few days.

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Klarna, Swedish FinTech Startup, Buys Bankrupt German Startup Cookies

PYMNTS

Klarna, the Swedish payment service provider, is taking over Cookies, the Berlin FinTech startup that ran out of money. According to a report , the idea behind Cookies was to make mobile money transfers easier. The startup, once upon a time, was a darling among venture capitalists, but infighting among the company’s management led Cofounder Garry Krugljakow to not sign off on capital raising, which resulted in the startup running out of money.

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Planning Your Restaurant's Path to Profitability

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.

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Trade Groups Want To Standardize Cybersecurity Data Sharing

PYMNTS

A new plan, titled “Sheltered Harbor,” was unveiled by the primary trade groups that represent the financial services sector to help standardize data storage for retail accounts and strengthen cybersecurity defenses. The Wall Street Journal reported that the plan is designed to help better protect the accounts of depositors and investors from cyberattacks.

Retail 76
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Making Payments ‘Sezzle’ With Cash Back And ACH

PYMNTS

The name Sezzle’s got you thinking of sizzle, no doubt, and it very well should. The numbers are in. Same Day ACH payments are gaining traction right out of the gate, with nearly $5 billion and 3.8 million transactions in October, the first full month of activity. And though the bulk of that took place though direct deposit activity (think payroll) and B2B transactions, P2P and consumer bill pay saw tens of thousands of payments.

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Google’s Consumer Trends For The Holidays

PYMNTS

Just in time for Black Friday, Google Data released its consumer trends report and predictions for the upcoming holiday shopping season. Here are the key findings, insights and trends to expect from consumers in the coming weeks. Top product searches in the first two weeks of November provided researchers with enough data to project the most popular sale items this holiday season.

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Blockchain Tracker: Goldman Out, German Bank In

PYMNTS

While more banks and businesses are delving into and even getting comfortable with the idea of blockchain, some businesses are removing themselves from it. Sort of. This week Goldman Sachs opted out of renewing its membership to the R3CEV blockchain consortium. The departure does not mean, however, that the bank is steering away from blockchain entirely.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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Why Banks Reach For The Unprofitable, Demanding SME

PYMNTS

The dominating narrative in small business lending is the rise in alternative finance to fill the gaps left behind by traditional banks. Even so, FinTech innovators aren’t ignoring traditional FIs, with many developing solutions just for the banks to help them ease back into the game. But the realities of small business finance remain: SMBs are often more risky than large corporate borrowers, and undoubtedly, they’re less profitable for the banks.

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How Corporates Receive — And Revive — Investment Strategies

PYMNTS

Businesses today are extra careful about where they place their money — if they invest at all, that is. This week, we take a look at how companies are investing. In some cases, firms are investing in outsourced services to stay ahead of the competition. In other scenarios, it’s a business owner’s friends and family doing the investing. PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves. $2.4

Finance 74
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Two-Thirds Of Three UK Customers’ Data Compromised In Hack

PYMNTS

Data breaches are becoming more common these days, and it doesn’t matter which country the company resides in. That’s the case with the latest breach, which reportedly happened to Three UK, the U.K. mobile network operator. According to a report by TechCrunch , roughly two-thirds of Three UK’s customers have had their information compromised after hackers were able to get an employee login and access to the network.

Retail 74
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Convincing The Nay-Sayers Of Real-Time Payments’ Potential

PYMNTS

Doubt plagues any disruptive technology. But with federal officials now pressing for faster payments technologies to get off the ground, time is running out for the nay-sayers to be convinced. FinTech company linked2pay isn’t worried, though. The firm has introduced real-time payments capabilities for its Bank Centric Payments platform, built for financial institutions.

B2B 73
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Hyperwallet Inks Deal With USA Media Rights

PYMNTS

Hyperwallet, the global payouts provider to millions of independent workers, announced Tuesday (Nov. 22) it inked a partnership with USA Media Rights, a music and media rights company. In a press release, Hyperwallet said, under the partnership, USA Media Rights will continue to connect Hyperwallet with music industry organizations to improve the processing and delivery of royalty payments for recording artists, music producers and songwriters worldwide.

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Etsy Sellers Can Now Accept Apple Pay On The Web

PYMNTS

Just in time for the holiday shopping spree — including Black Friday, Small Business Saturday and Cyber Monday — online selling platform Etsy has announced it now accepts Apple Pay. The company revealed Monday (Nov. 21) that its online site now allows buyers to pay via Apple Pay; previously, the company only supported Apple Pay when purchases were made on the Etsy iOS app.

Retail 73
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Holiday Plans? Fraudsters Have Them, Too

PYMNTS

They’re the worst sort of uninvited guests — the ones who take your valuables and money. No, we’re not talking about klepto Aunt Edna. We’re talking about online fraudsters, the ones who cause calamity for consumers and merchants alike. And in a far-ranging conversation about technology-driven fraud that lies far beyond the reach of simple stolen credit card data, Forter CEO Michael Reitblat told PYMNTS’ Karen Webster that the holidays are simply a demarcation of timing and opportunity on the ca

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Visa And Mastercard To Benefit From India Cash Crunch

PYMNTS

Indian consumers may be suffering amid a cash shortage in the country, but two winners appear to be Visa and Mastercard. According to a report by Bloomberg , Visa and Mastercard are expected to see an increase in transactions and new cardholders due to the decision by the government to take high-denomination bills out of circulation. Bloomberg, citing analysts who cover the companies, said Visa and Mastercard wanted this type of change in India given the majority of transactions in India are st

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Recruit and Retain New Blue-Collar Talent

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.

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Starbucks Expands Into Indonesia With Mobile App

PYMNTS

Starbucks is expanding its mobile app into other countries, announcing last week the launch of its mobile app in Indonesia. In a press release , the coffee chain operator announced customers in Indonesia can now pay via the mobile app in more than 260 stores in the country. With the app, customers can pay in-store by scanning the barcode linked to their Starbucks card.

Sales 72
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Kaspersky Lab IDs New Activity Among Financial Cybercriminals

PYMNTS

Analysts at Kaspersky Lab have discovered a string of attacks targeting users across Asia and Africa, the company said Wednesday (Nov. 23). Experts have identified cyberattacks that use what’s called a zero-day exploit, a program that allows additional malware to be installed on a device without the user’s knowledge. The attacks are hitting the InPage text editor software used by businesses with employees that speak Urdu and Arabic.

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India VCs Target SME Cash Management FinTech

PYMNTS

India’s small business finance space got some renewed attention by investors this week when local startup numberz.in announced seed funding. Owned by Paradime Technologies, numberz.in offers cash flow management for businesses. The company secured $650,000 from Kae Capital and Khosla Impact, reports said Monday (Nov. 21). Numberz.in offers small and medium-sized businesses a way to manage cash flow by offering solutions like invoice and expense management, reports explained, adding that th

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Amazon Prime Sets Record In Terms Of US Subscribers

PYMNTS

Amazon has something to cheer about this holiday season: a lot of Prime subscribers. That’s according to Cowen Analyst John Blackledge, who estimated on Monday (Nov. 21) that Amazon’s Prime subscribers in the U.S. have climbed to 49.5 million, reaching an all-time high. The analyst, who conducted a survey of 2,500 consumers, found Amazon Prime had 47 million customers in the third quarter, up 20 percent compared to the 40 million it had last year at this time.

Account 71
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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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.

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Weird Commerce: Throx, The Battle Against The Sock Monster

PYMNTS

It’s the law of the universe: Throw a pair of socks in the dryer, and only one comes out. “I know for a fact that there is some kind of sock monster, and that’s why I invented Throx ,” said Edwin Heaven, who came up with the idea in 2003 when he was doing his laundry and one of his favorite socks disappeared. “And I thought, well, they have a spare tire for cars when you get a flat tire, so why doesn’t anyone have an extra sock?”.

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Payment Cloud Technologies Launches New Banking Platform

PYMNTS

Payment Cloud Technologies announced Tuesday (Nov. 22) the launch of a new digital banking platform dubbed bank.VISION. In a press release , the company said the new banking platform lets organizations provide banking-grade financial services to their customers. According to the company, bank.VISION provides customers with the benefit they would have with a standard bank account across all digital channels, including iOS and Android mobile devices.

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B2B Payments, With Tokens And Smarts

PYMNTS

Earlier this month, Smart Token Chain, which provides blockchain-based solutions, said it had conducted its first transaction across the Ripple Network. The use of the tokens can boost security and immutable transaction tracking across borders and corporate payments. In an interview with PYMNTS, Smart Token Chain executives, including CEO Tom Meredith and Don Chapman, senior vice president of business development, said that the emergence of Smart Tokens can cut across any asset, such as oil, gas

B2B 71
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Matching Up Business Insurance With The 21st Century

PYMNTS

Business operations have long gone digital. Entrepreneurs today don’t have to rely on outsourcing operations that are too complex or they may not have the resources for. Instead, there are a myriad of online self-service platforms to take on everything from HR to payroll, payments to employee benefits. But what about insurance? That’s actually one of the biggest functions that has yet to evolve to digital — until now.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.