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Being connected via modern technology is something that’s becoming an expectation among consumers. From groceries to home buying, back-to-school shopping and more, there doesn’t seem to be many facets of everyday life that aren’t intricately connected to help provide an enhanced experience for consumers. One of the latest industries to start exploring in connected technologies are banks.
Katz, Sapper & Miller’s Not-for-Profit Services Group and the Community Foundation of Greater Fort Wayne will host “Do Your Policies and Procedures Make the Grade?” Sept. 18 in Fort Wayne, IN.
Technology that has the ability to transform cities has given power to how people live their everyday lives. Whether it’s autonomous vehicles streamlining public transportation, city 311 apps to help its citizens instantly report potholes and broken street lights to be fixed, or installing contactless payments at the grocery store, there are a vast amount of ways in which the cities people live in can make subtle changes to augment everyday tasks.
The restaurant industry is a notoriously difficult market to crack, not least of all because of narrow margins, among other factors. With that in mind, you may think restaurants would be slow to adopt new technology, but in today’s market, it’s quite the opposite. Kristi Turner, chief marketing officer of Compeat , a company that provides back-office management software for the restaurant industry, says it’s actually quite rare that restaurants today would not be using some type of restaurant ma
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.
People talk a lot about the tech giants that got their start in garages. Larry Page and Sergey Brin started the GOOG in friend Susan Wojcicki ’s garage in 1998. Jeff Bezos started Amazon in his Bellevue garage in 1994. And perhaps the most famous garage startup story ever is that of Bill Hewlett and David Packard and the garage they rented in 1939 to start the electronics company that would later bear their names.
Well, whatever else can be said of hackers, they never lack for creative new ways to separate people from their hard-earned money. The newest trick? Stealing consumer phone numbers and using the access that comes with that to reset the entirety of a consumer’s online life. The way the scam works is that a thief contacts a victim’s phone company and asks to transfer their old phone number to a new phone — one under the thief’s control.
In late July, PayPal and Baidu captured the world’s attention when they inked a strategic partnership that gives Baidu’s 100 million or so mobile wallet users access to PayPal’s 17 million merchants. On its face, the deal has plenty of upside for both firms. PayPal has spent much of the last year creating partnerships with many of the world’s more luminary players in the payments and commerce space, Apple, Samsung, Visa, Mastercard, Chase and Android is the abbreviated version of that list, as
In late July, PayPal and Baidu captured the world’s attention when they inked a strategic partnership that gives Baidu’s 100 million or so mobile wallet users access to PayPal’s 17 million merchants. On its face, the deal has plenty of upside for both firms. PayPal has spent much of the last year creating partnerships with many of the world’s more luminary players in the payments and commerce space, Apple, Samsung, Visa, Mastercard, Chase and Android is the abbreviated version of that list, as
The cyber insurance market is expected to grow, by a lot. Researchers at PricewaterhouseCoopers predicted in 2015 that the market would hit $7.5 billion in annual premiums by the end of the decade (and at least $5 billion by next year). With recent high-profile attacks like WannaCry, cyber insurance demand is spiking as corporations look for ways to safeguard against the financial fallout of an event.
Amazon has added the ability for U.K. users to pay for products and services on its eCommerce platform using cash with Amazon Top Up. According to Tech Crunch , the service allows shoppers to load between £5 and £250 into their Amazon U.K. accounts in a single top-up transaction. There are no fees to use the service, and funds are available to spend on Amazon.co.uk immediately.
Last summer, the world suddenly came down with a fever for Pokémon GO. More than half a billion people around the globe got their first taste of augmented and virtual reality possibilities as they captured, collected and battled the digital denizens of the game on their mobile devices — all while trying to avoid bumping into one another as they stayed glued to their screens.
Reaching the peak interest among those in a particular industry just before it goes mainstream is something that’s happened on more than one occasion. Ranging from the housing bubble in the late 2000s to the dot-com bubble of the mid-’90s and the tech bubble of today, there have been myriad instances throughout history where being on the cusp of something new has greatly inflated the intrinsic value of the commodity itself.
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.
As early mobile order-add adopting restaurants are reaping the benefits of the technology, other merchants are looking to add their own mobile services. But now, it isn’t just restaurants that are exploring the tech – retailers and even hoteliers are getting in on the mobile ordering trend as well. . The latest PYMNTS Mobile Order-Ahead Tracker™ features news on how merchants in a range of industries are embracing mobile order-ahead solutions in order to entice new customers and offer improved
There’s much to look forward to as the September rollout of Phase 2 of Same Day ACH (Debit Pull) looms, but David Barnhardt, executive vice president of full-service payment and verification solutions provider GIACT , thinks there’s just as much reason for caution. “I don’t know if we’ll see rapid adoption [of debit pull] out of the gate,” Barnhardt said.
Urban FT , an industry leading software as a service (SaaS)-based digital banking platform, has confirmed it is in advanced negotiations with Digiliti Money Group (DGLT) regarding a potential transaction to help DGLT avoid potential bankruptcy proceedings. The two companies began discussions about the potential deal — and other possible opportunities that could benefit the mobile app technology firm’s shareholders, employees, suppliers and customers — after Urban FT submitted an unsolicited of
Connecting with today’s shopper is something that most every retailer has been evolving their approach to over the last decade. As the internet continues to expand its reach all around the world and consumers are increasingly drawn to being connected 24/7, retailers are going directly to the source as far as promotional and engagement efforts go. The world of arts and crafts is no different in this regard.
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.
Starbucks is planning to permanently shut down operations for its online store, effective Oct. 1. In preparation for the eCommerce closure, the website is offering discounted items up to 50 percent off, Business Insider reports. Products from the company’s eCommerce shop, which include coffee brewers, espresso makers, mugs, glasses, coffees and teas, will be available from other retailers, including grocery stores and Amazon after the company closes its online portal.
On Wednesday (Aug. 23), ridesharing platform Uber announced the relaunch of Visa Local Offers, a rewards program giving Uber riders around the country the ability to earn Uber credits by using the Visa card attached to their Uber accounts when spending at restaurants, shops and local businesses. In a news post announcing the reintroduction of the rewards service, Uber said Visa Local Offers is available from the Uber app, where riders can explore thousands of offers from featured merchants.
Millennials get a bad rap for everything from being unable to commit to a job to jeopardizing the cereal market. But, here’s a bit of good news coming out of travel and expense management company Concur: Businesses that have millennials in their workforces may actually save money — at least when it comes to business travel. A recent report from Concur, published last week, analyzed $36 billion worth of travel spend across dining, entertainment and hotel expenses.
When consumers are sipping on an ice-cold beverage to fight against the brutal heat of summer, most aren’t thinking they’d love to have a custom pair of shoes to match their soft drink of choice. Or are they? Judging by the most recent sneaker trends, that might be exactly what consumers are seeking. Several recent beverage brand collaborations with shoe firms have received a generous amount of buzz, and the trend appears to be picking up steam.
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.
A Toast To Lower Avocado Toast Prices. Good news for the housing market: After Amazon’s acquisition of Whole Foods is finalized on Monday, avocado prices will be coming down. With all that extra money they would have been spending on avocado toast, millennials will surely be diving into homeownership any day now. Joking aside – the retail news is that Amazon said to expect lower prices on staples at Whole Foods stores starting as soon as the ink dries on the deal, and apparently avocados fall i
Apple is still trying to change the world, but some of its plans simply weren’t meant to be (read: Apple driverless, gas-pedal-less, steering-wheel-less cars). Others, such as the rumored replacement of TouchID with facial biometric authentication, may come to fruition soon – possibly as soon as Sept. 12, if the company’s upcoming press event is what we think it is.
As Australia continues its probe into small business banking, reports this week said small- and medium-sized businesses (SMBs) may have scored a win as banks agreed to cut unfair terms from their contracts. The Sydney Morning Herald reported Wednesday (Aug. 23) the Australian Securities and Investments Commission (ASIC) and the Australian Small Business and Family Enterprise Ombudsman have proposed rules for the country’s banks, and the banks have accepted.
In Euro news, the timetable for Brexit trade talks may be pushed back to the end of the year. The Guardian has reported the second phase of the Brexit negotiations, which were to cover both trade and the actual process of the nation’s withdrawal from the European Union, were slated to begin after October. But now, as has been privately admitted by some ministers, the timeframe may be extended.
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.
USA Technologies (USAT), which provides payment technology for cashless and mobile transactions in the self-serve retail market, has reported quarterly revenue of $34.3 million during the firm’s fourth quarter and $104.1 million for the fiscal year ending on June 30, 2017. This marks the company’s 31st straight quarter of growth, and represents a new record in USAT’s revenues. “We are executing well in an accelerating market and have exceeded our long-term goals of attai
New research from Xero finds the issue of late payments to small suppliers is one that spans into New Zealand, too. On Monday, (Aug. 21) reports said New Zealand SMBs are struggling with tightened cash flow as they wait for outstanding invoices to be paid, and it’s causing residual effects on small business owners. More than a third of New Zealand SMBs say they are concerned with cash flow, while a third also said they spend their evenings chasing down late bills and handling other business task
What do health savings accounts (HSA) or flexible spending accounts (FSA) do for consumers? Most of the people who have one couldn’t tell you. They don’t know what their benefits are. They don’t know how to access them. They don’t know the limits of their contributions, spending, or whether they need to save receipts. Siri doesn’t know any better than consumers, and neither does Google.
The U.S. Federal Reserve has named a new payments strategy director tasked with heading the agency’s payment system improvement initiatives. The Fed first announced Dave Sapenaro as the successor to the role on Thursday (Aug. 24). As first vice president and chief operating officer of the Federal Reserve Bank of St. Louis, Sapenaro will take up the post previously held by Gordon Wekema, who is retiring.
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.
Fiserv , a financial services technology solutions provider, announced the acquisition of Dovetail Group Limited to further enable it to help financial institutions around the world transform their payments infrastructure. The new capabilities would be used to meet the evolving needs of wholesale, commercial and retail customers. Bank payments and liquidity management solutions provider Dovetail offers a real-time payments platform, modular services and configurable business processing rules t
The rivalry between banks and FinTechs seems to be morphing into a B2B ecosystem of collaboration , but the latest joint initiative between KeyBank and Billtrust goes a step further: In addition to launching a partnership, KeyBank has also revealed news that it made a strategic investment in the accounts receivable FinTech. Together, they built the KeyTotal AR Platform for KeyBank ’s business customers, an effort that the bank’s Co-Head of Product & Innovation, Enterprise Commercial Payment
Visitors to Russian Burger King locations may have a new pay to pay for their Whoppers, onion rings and soft drinks with the advent of the fast food chain’s personal cryptocurrency system, a digital payment method the company’s Russian unit is calling “ Whoppercoin.” The chain is offering its new digital wallet system as a complement to a freshly-launched rewards program in Russia.
Alipay , the world’s largest online and mobile payment platform operated by Ant Financial Services Group, is now available for Chinese tourists at all 242 Starbucks locations across Malaysia. Chinese tourists can find the nearest Starbucks through the in-app Discovery platform and then pay for their drinks in RMB via Alipay. In addition, the two companies are running a marketing campaign from Aug. 18 to Oct. 31, giving a Chinese tourist using Alipay in Starbucks 10 percent off with a cap at RMB
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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