PYMNTS
APRIL 18, 2016
Too bad for Andrew Jackson that the musical about his life wasn’t nearly as popular as the one about Alexander Hamilton. CNNMoney reports that a groundswell of support to keep Alexander Hamilton on the $10 bill — much of it bolstered by the phenomenal success of the hip-hop Broadway musical “Hamilton” that opened last summer — has compelled Treasury Secretary Jack Lew and the U.S.
Katz,Sapper&Miller
APRIL 21, 2016
At The M&A Advisor’s Annual Summit in New York, KSM’s roundtable session, “Investor Outlook for 2016,” asked top industry leaders to share their insights and reflections on market trends as a whole as well as in a variety of industries and sectors.
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PYMNTS
APRIL 18, 2016
Until about a couple of weeks ago, bots were mostly thought of as the last four letters of a word that began with “ro” and a concept that even Alphabet decided might not be ready for prime time. Well, that is unless you’re in Japan where robots – dinosaur robots to be precise — are now acceptable substitutes for hotel reception staff. Who knew — the next big thing in hospitality, checking in via raptor.
PYMNTS
APRIL 21, 2016
Ford is soon launching its new FordPass platform that, according to the company’s website, comes with a pretty big ambition: to “empower” consumers to “rethink the way [they] move.”. And not through fancy new cars with 435 horses under the hood, but instead “through a collection of personal, digital and physical solutions.”. FordPass is an app-based platform intended to assist users with mobility, through a series of solutions for everything from parking to unlocking a user’s car and diagn
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PYMNTS
APRIL 19, 2016
It’s official. Since the cutover to EMV in October, fraudsters have moved their business online. And we can tell you just how much. The Global Fraud Index, a PYMNTS and Forter collaboration , shows that online fraud attacks have jumped by 11 percent since the shift. Digital goods retailers have suffered the worst of all as those merchants (think games, songs, movies) have seen a more than 300 percent increase in fraud attacks since the liability shift.
PYMNTS
APRIL 19, 2016
Craigslist is a remarkable living time capsule of the Internet Age — not only because it looks like it still runs off a Geocities template but because its business model hasn’t changed to any great degree since it started. What goes up must come down, though, and Close5’s 7 million app downloads may give Craigslist something to worry about.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
APRIL 21, 2016
As the world goes increasingly digital, banks are struggling to decide how they should package their digital service offerings. Should they fold digital banking services into their existing traditional brick-and-mortar accounts, or spin them off into stand-alone, digital-only entities? Those that do decide to build new brands will likely need to ensure their customer experience rivals, or even surpasses, the experience offered by more traditional institutions.
PYMNTS
APRIL 21, 2016
All of a sudden, venture capitalists seem to love invoice finance startups. Last week, in our B2B Investment Tracker , we uncovered several deals in which investors backed invoice finance companies. The first was Kickfurther, which links businesses to invoice and inventory financing; renowned venture capitalist Bill Tai provided undisclosed funding for that company.
PYMNTS
APRIL 18, 2016
It is not a good time to be working in tradditional taxis in L.A. – as the last three years has seen taxi usage plummet 30 percent in 3 years. According to recent reports – Uber an Lyft are behind the precipitous drop-off, which has seen taxi ridership plummet from 8.4 million in 2012 to a little over 6 million in 2015. The biggest losers are what used to be the hottest areas – the touristy spots in Hollywood and downtown.
PYMNTS
APRIL 22, 2016
Starbucks’ dominance in the mobile ordering market became evident once again during the company’s second quarter earnings release yesterday (April 21), when the coffee giant revealed it is now seeing an average of 8 million monthly transactions for its Mobile Order & Pay service. To put that into context, that’s 2 million more, on average, per month than Starbucks reported it was seeing in Q1.
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
APRIL 21, 2016
New research released by PayPal yesterday (April 20) seems to confirm something we’ve been talking about for a very long time: Consumers want mobile payments solutions that are about more than just paying using their mobile phone. That conclusion was the result of a PayPal-initiated global survey of retailers around the world to better understand how their customers are using mobile devices in physical stores today — and how they would like to be using those mobile devices in the future.
PYMNTS
APRIL 21, 2016
Depending on who you ask and where you are asking the question, you will get a variety of answers to this question: Are consumers really using their mobile phones to pay for stuff? The answer is yes if you ask people living in emerging countries who live and breathe by their mobile devices, using them to do many things: send money, pay bills and even buy things in a store.
PYMNTS
APRIL 22, 2016
Generally, when court documents are unsealed, you can discover some pretty juicy details. When the case involves a global hacking, those details can be borderline salacious. In this case, they were that, and at the end of that trail, we even found a few bitcoin. According to indictment documents that were recently unsealed in the case of the hacks to financial services players, including JPMorgan, E*TRADE Financial, Scottrade Financial Services and Dow Jones, the three hackers that were involved
PYMNTS
APRIL 21, 2016
A Washington, D.C.-area grocery story chain is only allowing customers to purchase reloadable or prepaid gift cards with cash or bank PIN-based debit due to a significant increase in credit card fraud. Brian Krebs reported the change to grocer Giant Food’s policy yesterday (April 20) on his cybersecurity blog Krebs on Security. Giant Food provided a statement about the change, which went into effect last month, stating: “Giant has recently made a change in procedures for purchasing gift cards be
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
APRIL 19, 2016
A simple phone number may be all it takes for cybercriminals to gain access to a host of additional private and sensitive information found on a mobile device. The hack, which was first reported back in 2014, has resurfaced again as still being active, and essentially, it lets anyone — government, hacker, etc. — with access to a phone number track the location of the phone itself, as well as snoop on phone calls and text messages, The Guardian reported on Monday (April 18).
PYMNTS
APRIL 19, 2016
NCR Corp. has launched a new reconciliation software designed to help financial institutions decrease their overall risk when it comes to reconciling cash transactions and replenishments across their ATM devices. NCR Reconciliation is automated software that provides the daily balancing activities of the ATM cash network, which NRC says can help both banks and credit unions increase overall performance and reduce risk.
PYMNTS
APRIL 20, 2016
You can’t have “connected commerce” without “connections,” so Hyundai has made one of the latter to facilitate the former. The auto company announced yesterday (April 19) that is collaborating with Cisco towards the advancement of connected car technology. A press release explains that the two companies will work together to create a testing environment for connected car simulation, research that will initially focus on optimizing the transmission and reception of d
PYMNTS
APRIL 20, 2016
New research from Google shows our online websites may not be as safe as we thought they were. From July 2014 to June 2015, Google Safe Browsing and Search Quality identified and captured the life cycle of 760,935 incidents where vulnerable Web servers were hijacked by cybercriminals for cheap hosting and traffic acquisition, the company said on its Research at Google publications page.
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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.
PYMNTS
APRIL 19, 2016
Omnichannel has changed the retail world in ways that many merchants can’t even realize yet. For every giant like Amazon that has been able to navigate the still-murky waters of integrated inventory systems management, there are a hundred more that struggle to adapt. It’s these merchants that know all too well the troubles, financial and otherwise, that arise when a product needs to go from online to offline but no efficient way exists of knowing just how to do it.
PYMNTS
APRIL 21, 2016
The alternative finance industry boomed post-2008 financial crisis as banks retreated from small business lending. Marketplace lenders emerged to fill the gap, and analysts began to ponder a paradigm shift: Could alternative lending threaten traditional financial institutions’ place in the world? Now that the newness of alternative lending has faded, the industry is settling into the market and looking a lot less scary to traditional banks.
PYMNTS
APRIL 18, 2016
Travel and expense management firm BCD Travel is making a move that might seem counterintuitive: The company, along with its consulting practice, Advito, just struck a deal with Cisco to develop a virtual collaboration service provider. In layman’s terms: The companies are partnering to develop ways for corporates to communicate virtually, instead of physically traveling to conduct business.
PYMNTS
APRIL 22, 2016
In tech, perhaps more than any other industry, the eternal conundrum is to build or buy – innovation. Innovation is the lifeblood of tech, and it is also the greatest threat to tech firms. Recent findings by CapGemini in its annual World Banking report show that banks are moving toward the crossroads of the build or buy debate. And that could be good news for FinTech firms or, rather, the folks who start them up and steer them into the arms of large-pocketed suitors.
Advertiser: Paycor
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PYMNTS
APRIL 22, 2016
PayPal has had a pretty busy 2016. And while the first four months of the year in general have been active — particularly as PayPal has worked to distinguish itself as a standalone entity after spending over a decade as the payments arm of eBay — the last week has seen announcements coming left and right out of PayPal HQ in San Jose. For instance… The Big Buy-In On Acorn.
PYMNTS
APRIL 22, 2016
Everyone is getting into the business of selling things via the cloud — even cybercriminals. And, according to a new report, creators of malicious software are now using the cloud to sell Malware-as-a-Service. What the report shows is that those cybercriminals are now making money off essentially renting out their malware software. “The biggest cybercrime operations are essentially computer software and services companies, albeit illicit ones,” according to the 2016 Trustwave Global
PYMNTS
APRIL 21, 2016
The continued movement toward mobile commerce has placed increasing pressure on service businesses of all stripes — from lenders to retailers — to find out, in real time or at least near real time, which customers are “good” ones. That means tracking device activity, regardless of location, user or activity, with speed, accuracy and the intent of discovering and delivering mobile customer intelligence to the enterprise.
PYMNTS
APRIL 22, 2016
At first glance, Amazon Dash Buttons seem like a masterstroke of contextual commerce. Want to sell more laundry detergent? Get customers to put one on their washing machines. Dog running out of food? Slap a button above its bowl. It sounds like a no-brainer for easy sales, but is it working? Only if you consider “working” to mean that less than half of all consumers who’ve bought a Dash Button have ever actually made a purchase with it.
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PYMNTS
APRIL 18, 2016
In a quartet joining forces to bring mobile cross-border payments to 22 million Bangladeshis, MasterCard is linking up with Western Union, bKash and BRAC bank. The companies said in a joint statement Sunday, April 17, that they are launching a new international remittance receiving service in the nation. The service will allow bKash’s customer base to use mobile phones to receive remittances that come from outside the country directly into their bKash accounts.
PYMNTS
APRIL 20, 2016
EVO Payments International and Verifone announced the launch of a solution aimed at supporting a smoother EMV migration for restaurants and other merchants in the U.S. The new application will enable merchants to perform post-authorization tip adjustments similar to how they are handled with traditional non-chip cards. “Merchants that are not already using EMV payment devices are beginning to feel the pain of ‘liability shift’ chargebacks, so Verifone and EVO are providing welcome relief with mi
PYMNTS
APRIL 20, 2016
Can hotels with unattended lobbies and dining areas be, well, welcoming? If you ask YOTEL, a hospitality concept that achieves a 220 percent occupancy rate in its properties and has investors lining up to bring them to major metropolitan cities, the answer is yes. This month’s cover story is all about how YOTEL is using self-service and unattended to deliver a level of customer service that keeps guests coming back. .
PYMNTS
APRIL 18, 2016
Jet.com entered the marketplace last July with a lot of fanfare – and a lot of questions. Sure the eCommerce firm was generating a lot of hype, but could it really hope to take on the Goliath that is Amazon.com? Early signs looked a bit troubling. Jet got into an early dust-up with some merchants who found their goods on Jet, without their permission.
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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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