PYMNTS
JUNE 7, 2016
A new mobile app from identity theft protection company IDShield was released on Monday (June 6) and aims to help consumers by putting information and control in their hands when it comes to safeguarding against identity theft threats. IDShield said its all-new app will feature up-to-date and comprehensive identity monitoring information, as well as access to a private investigator if issues do arise for a user.
Katz,Sapper&Miller
JUNE 10, 2016
More than 250,000 Hoosiers make their living working in advanced manufacturing. Nationally, Indiana has the third highest employment numbers in the sector, and recent data indicates Indiana has a healthy economic outlook going forward compared to other states in the region.
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PYMNTS
JUNE 9, 2016
Amazon’s move to kill its bike delivery program for its Prime Now service in Seattle, Washington, has left its bicycle messengers disheartened. The Prime Now service, which was originally launched in New York City in late 2014, was expanded to Seattle in August last year after its initial success. Despite growing demand for the service, the company decided to put a kibosh on bike deliveries for Prime Now without giving much notice to its partner messengers.
PYMNTS
JUNE 7, 2016
Hear the words “factory floor” and the image of assembly lines and the manufacturing of physical products immediately comes to mind. Not anymore – or at least not when the Visa Commerce team uses those words. The Visa team, according to SVP of Issuer Processing, Todd Brockman, has been hard at work on the “apps factory floor” creating the Visa Digital Commerce App , an issuer-branded mobile commerce solution that will allow financial institutions to customize and deliver their own branded mobil
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
JUNE 8, 2016
Global payments company Western Union announced on Tuesday (June 7) that it is bringing mobile and online money transfers to Cuba through the Western Union app and website. With over 15 years of working in the Cuba market, Western Union said the move reflects its efforts to bring its global omnichannel strategy to the Cuban diaspora in the United States.
PYMNTS
JUNE 8, 2016
Being a small fish in a big pond is never easy. For SMBs in particular, staying competitive in their respective markets, while also trying not to be totally eclipsed by bigger merchants, takes a lot of work. Five years ago, Stockholm-based iZettle launched with the desire to help, starting with payments and data and an mPOS solution geared to the offline microbusinesses that many, at the time called “Europe’s Square.”.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
JUNE 6, 2016
The merchant-card network relationship can be complicated. It’s a complication that’s persisted long before EMV, but one that EMV seems to have intensified. And it’s a complication that merchants now claim has cost them money in the form of chargebacks. To help us get a better understanding of one card network’s point of view on this claim, as well as EMV’s evolution seven months in, Karen Webster recently spoke with Stephanie Ericksen, VP of Global Risk Products at Visa.
PYMNTS
JUNE 7, 2016
There was an incident in 2013 in which nonprofit firm MusicBrainz sent a cake — yes, the edible dessert — to Amazon’s finance department to satirically celebrate the three-year mark of an unpaid invoice. “Dear Amazon: Congratulations on 3rd Anniversary of invoice #144!” the icing on the cake exclaimed. The story went viral and, for a brief moment, uncovered the challenges that small suppliers face when trying to get paid on time by their large, corporate buyers.
PYMNTS
JUNE 9, 2016
According to a new study put out by UPS, eCommerce isn’t just changing the “where” of commerce activity for Americans — it is also shifting much of the “how” and the “why” as well. The UPS Pulse of the Online Shopper study indicates that 51 percent of all purchases made by respondents were made online — a 4-percent increase from last year, when that figure was 48 percent.
PYMNTS
JUNE 8, 2016
Just how well is the chip card migration going? Well, according to Visa : “The U.S. chip rollout is already having an impact on counterfeit fraud, the number one cause of in-store payment fraud today.” But how are the numbers stacking up? Visa’s latest data shows that, since Oct. 2015, an average of 23,000 new merchants are becoming chip-enabled weekly.
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
JUNE 7, 2016
Social networking site VK.com is the latest victim in a string of targeted data breaches that have hit a host of other social media outlets such as LinkedIn, Tumblr and Myspace. ZDNet reported on Monday (June 6) that a hacker obtained 171 million user accounts from VK, which is said to be the largest European social network. The hack is believed to have taken place sometime between late 2012 and early 2013, but the hacker behind the breach is now selling a smaller subset of the database on a dar
PYMNTS
JUNE 10, 2016
Mix together the growing emerging middle class from markets like China, Russia and Brazil, an aging but healthy population with money to spend and time on their hands, and digital technology that makes it easy for people to discover new places, and you’ve got the makings for an explosion in cross-border travel – and the commerce opportunities that travel with it.
PYMNTS
JUNE 8, 2016
The judge in Uber ‘s New York anti-trust case has ordered the release of documents to determine if the private investigators hired by the ride-hailing service gathered information about its competitors in a fraudulent manner. U.S. District Judge Jed Rakoff is specifically looking to determine if Uber directly instructed its investigators to lie to get further information about Spencer Meyer, the lead plaintiff in the antitrust lawsuit, and his attorney.
PYMNTS
JUNE 10, 2016
If you’ve driven for long enough to remember cars without backup cameras, you’ve probably experienced plenty of parking meter anxiety. This scenario might be familiar: You’re in a city, where finding a parking space can be harder than turning left on a green light. Luck strikes, and you find a spot on the street somewhere remotely near your destination.
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
JUNE 8, 2016
Mobile phones have become the latest target of hackers, according to a new note published on the FTC’s website by Lorrie Cranor, the FTC’s chief technologist. According to this post, which detailed a first-hand account of a hack, there is risk for mobile phones to be hacked and for identity information to be stolen by those hackers. According to data from the FTC, there has been a growing trend of ID theft as a result of mobile phones being hacked into.
PYMNTS
JUNE 7, 2016
It’s that time of year again. Time for sun, fun … and tuition payment processing? Yes, you read that correctly. Summer break is upon us and though some have officially retreated to relaxation and vacation mode, for universities and colleges the work is just beginning. With the fall term quickly approaching, these institutions are preparing for the wave of student application and tuition payments coming from international students and their financial institutions overseas.
PYMNTS
JUNE 4, 2016
When most people worry about computers taking over the future, they are more likely than not reacting to the sort of sci-fi doomsday scenario they see in movies like “The Terminator” or “The Matrix.” For those who are unfamiliar, the plot for such a scenario involves human beings building computers that become self-aware and decide immediately to overthrow and enslave us.
PYMNTS
JUNE 8, 2016
The first quarter of 2016 has been an eventful one chock-full of cyberattacks and emerging threats. Yesterday (June 7), Akamai Technologies released its Q1 2016 State of the Internet – Security Report , which takes an in-depth look into the global cloud security threat landscape to provide analysis and insight into malicious activity that’s been observed across the Akamai Intelligent Platform™ from January to March of this year.
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
JUNE 8, 2016
Well, one can say this much for Lending Club : For whatever difficulties it seems to have keeping paperwork straight and investors on its platform at present, it sure knows how to keep things interesting in payments and commerce. Going into the news today, the struggling online lending platform doesn’t bring just one story to the cycle. No, it’s going for the hat trick with three.
PYMNTS
JUNE 6, 2016
Reports of data breaches and cyberattacks are serious, but what happens when those claims are untrue? According to Krebs on Security , last week, several identity theft protection companies incorrectly named Dropbox as the source of a data breach that compromised nearly 73 million usernames and passwords. In fact, the data was actually compromised due to breach at social network Tumblr, just one of the many data breaches to hit social networks in recent months.
PYMNTS
JUNE 8, 2016
Best Buy ‘s share value plummeted by 5 percent after its CEO, Hubert Joly, sold his company shares to cut down his stake by 44 percent. Joly is said to have sold 398,000 shares valued at $12.8 million after the company gave out a less-than-positive sales forecast of the current quarter two weeks ago. Joly now holds a 0.16 percent stake in the retail giant, Reuters reported.
PYMNTS
JUNE 7, 2016
[link]. Authentication. This particularly dynamic area of financial services, FinTech and payments is transforming how everyone across the greater financial ecosystem thinks and acts when it comes to security, fraud and protecting identities. And at the crossroads of the authentication conversations are the challenges financial institutions face when addressing consumer authentication and how to implement the best practices in order to provide merchants and FIs with sufficient protection against
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
JUNE 10, 2016
There was a slight cheer for the progress of financial wellbeing or financial literacy in the Asia-Pacific markets, as MasterCard found that its literacy score went up by one point, coming in at 64. Conversely, developed economies and countries showed unchanged scores. Emerging markets have shown the most impact from global volatility, as Vietnam had a 58 reading, down from 65 last year.
PYMNTS
JUNE 7, 2016
Security experts have uncovered a security vulnerability in the Mitsubishi Outlander that fraudsters could exploit to potentially steal the car. The vulnerability was discovered in Outlander’s Wi-Fi module, which can be manipulated to turn off the SUV’s alarm system, compromise car settings and drain its battery, according to the cybersecurity team at PenTestPartners. “Once unlocked, there is potential for many more attacks,” the team said. “The onboard diagnostics
PYMNTS
JUNE 10, 2016
Wendy’s — the maker of America’s third best-known fast food burger — is reporting that, despite initial reports that 300 restaurants were effected in a probable data breach back in January, the number now is looking like it might be quite a bit bigger. The chain confirmed on Wednesday (June 8) that additional instances of unusual card activity have been discovered at some franchise-operated locations.
PYMNTS
JUNE 10, 2016
As a general rule, most startups aren’t too happy when the regulator comes around, and it is rarely indicative of good news. Uber had many wonderful years of asking for forgiveness instead of permission and managed to build a worldwide ridesharing empire on the strength of that conviction. These days, however, Uber is spending its time, increasingly, in court and has even managed to allow things to break down completely in Austin such that it doesn’t operate there anymore.
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
JUNE 8, 2016
On Tuesday (June 7), U.S. regulators issued a stern warning to banks to be on the lookout for cyberthreats in the aftermath of the Bangladesh cyberheist , where $81 million was taken without a trace from the central bank’s account at the NY Fed. According to Reuters , the notice from the Federal Reserve advises financial institutions to thoroughly review cybersecurity measures and systems in place to safeguard from fraudulent money transfers.
PYMNTS
JUNE 8, 2016
June’s Faster Payments Tracker™ features an inside look at how the Office of the Comptroller of the Currency, a member of the Fed’s Faster Payments Taskforce, is facilitating the country’s transition to an economy of rapid transactions. PYMNTS interviewed Kathleen Oldenborg, the OCC’s Director for Payment Systems Policy, about the upcoming launch of Faster Payments in the U.S.
PYMNTS
JUNE 7, 2016
If mobile is the commerce platform of the future, then apps have been anointed as its chosen champions. Whether they’re dedicated marketplaces or just random utility apps, the push seems to be on from retailers to transition whatever mobile-based services their consumers are currently using to walled-off apps. You don’t have to look hard for the evidence.
PYMNTS
JUNE 7, 2016
Gaming console company Atari is venturing out into manufacturing IoT devices as it looks into expanding beyond mobile and casino game offerings. The New York-based company’s decision to return to manufacturing devices comes on the heels of several less-than-successful attempts at reinventing itself after filing for bankruptcy in 2013. While the company didn’t give out too many details, it said, the new range of IoT devices will vary from being very simple to highly sophisticated.
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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