Sat.Jun 04, 2016 - Fri.Jun 10, 2016

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New Tool To Help Consumers Battle Identity Theft

PYMNTS

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.

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Tax Credit Partnerships: Where Are They Now?

Katz,Sapper&Miller

Like Everett McGill from O Brother, Where Art Thou, those in tax credit partnerships for projects that rehabilitate historic buildings want to be perceived as “bona fide.” In the wild west of tax credit syndication (pre-2012), partners did not worry about this Latin term.

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Visa Gives Issuers New Tool To Capture Digital Commerce Opportunity

PYMNTS

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

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Western Union Brings Cuba Digital Money Transfers

PYMNTS

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.

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Planning Your Restaurants 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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iZettle’s Five-Year Report Card

PYMNTS

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.”.

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London Stock Exchange Lands On Anonymous’ Hit List

PYMNTS

In May, hacktivist group Anonymous warned multiple financial institutions that it was going to take them down as part of Operation Icarus. Late last week, on Thursday (June 2), the London Stock Exchange (LSE) found itself in the group’s crosshairs in the latest leg of the attack, reported Newsweek. The stock exchange’s site reportedly experienced a two-hour disruption as the result of what is believed to be a DDoS attack carried out by the well-known hackers.

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Amazon Suppliers Divided On How To Tackle Late Payments

PYMNTS

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.

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UPS Study: eCommerce Changes Customer Habits

PYMNTS

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.

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Visa Releases New Chip Card Numbers

PYMNTS

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.

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Hackers Steal 171M VK.com User Accounts

PYMNTS

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

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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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Meet Commerce’s New Global Engine: The ‘Traveling Class’

PYMNTS

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.

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Uber Faces Fraud Accusations In Anti-Trust Case

PYMNTS

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.

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When Mobility Helps You Park

PYMNTS

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.

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FTC Warns Of Mobile Phone ID Hacking

PYMNTS

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.

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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Pushing The ePayables Needle Forward

PYMNTS

On the consumer side of payments, checks have been all but declared dead. However, on the commercial side, it’s a vastly different story. Despite the growing number of ePayable solutions, the commercial sector is still very much dominated by paper checks — which to many may seem to be an archaic way of doing business. But the migration from paper-based payments toward electronic is finally starting to take off due to innovations across the ePayables industry that is paving the way to moder

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The Summer (Payments) Vacation Plan

PYMNTS

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.

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Software Eats The (Retail) Workforce

PYMNTS

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.

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Laplanche Eyes Lending Club Buy While Investors Flee And Annual Shareholder Meeting Is Postponed

PYMNTS

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.

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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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Dropbox Hit With False Data Breach Claims

PYMNTS

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.

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Best Buy Shares Fall As CEO Sells Half His Stake

PYMNTS

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.

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MasterCard Financial Literacy Index Shows APAC Progress

PYMNTS

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.

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Researchers Hack Mitsubishi Outlander

PYMNTS

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

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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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Wendy’s Hack Is Looking Bigger Than Initially Thought

PYMNTS

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.

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Why One Startup Is Desperately Seeking Regulation

PYMNTS

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.

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Regulators Warn Banks To Be On Cyberattack Alert

PYMNTS

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.

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Consumers Are Ready For A Post-App World — Are Retailers?

PYMNTS

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.

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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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Atari’s Plan To Manufacture Smart Home Devices

PYMNTS

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.

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Corporate Dining Expenses Go Largely Unchecked

PYMNTS

When it comes to the use of a commercial card, the first expenses that come to mind are those necessary for corporate travel — using the company card to book a flight or pay for taxis and hotels. But researchers at Dinova LLC and The BTN Group are pointing to another corporate expense that goes largely unchecked within the enterprise: business meals.

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Amazon’s Great Infrastructure Expansion Rolls On — Now With A New Logistics IT Center

PYMNTS

It seems we can’t get through a week without announcing yet another expansion in Amazon’s shipping logistics infrastructure project. On top of the over half dozen new distribution centers that have been announced of late, we can add two new additions to the team: an IT office wholly and soley dedicated to logistics, and a new physical pickup location.

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Can Rio de Janeiro Withstand The Olympic Pressure?

PYMNTS

In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we set our sights on Brazil, where, despite the political and economic issues that tend to dominate the headlines, the country’s technology market is still going strong. Before we jump into the post, here are a few quick facts about Rio de Janeiro, Brazil, and its tech scene: . Estimated population was 6.35 million as of 2014.

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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.