PYMNTS

JANUARY 19, 2017

This year could be the year that blockchain emerges from its current status as a largely hypothetical game-changer to one that’s put to the test. While few working applications of blockchain technology are in use today by financial service providers, the industry continues to place its confidence — and money — behind the technology. The latest is global consulting firm McKinsey, whose new report has put a price tag on the potential of blockchain: $110 billion.

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B2B Education Technology Gaming 79

Katz,Sapper&Miller

JANUARY 15, 2017

Mark Bernstein, partner-in-charge of Katz, Sapper & Miller’s New York office, will serve as a panelist at the Opal Group’s Family Office Winter Forum.

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New York 40

PYMNTS

JANUARY 17, 2017

Google is taking the first steps to integrate its Google Assistant with different paid services. According to a report , citing an APK teardown by XDA, Google’s latest version of its app, 6.11.13 beta, has a string of code which the report said could be a sign that payments are coming to Google Assistant shortly. The report said the string of code shows that Google Assistant can handle credit cards and offer direct links to Google support.

Technology 62

Technology 62

PYMNTS

JANUARY 17, 2017

The IoT Identity Access Management (IAM) market is expected to explode in the coming years, with Research and Markets projecting the market size to go from $1.1 billion in 2016 to $4.97 billion by 2021. That represents a CAGR of 35.2 percent from 2016 to 2021. In a press release highlighting the new research, Research and Markets said the IoT IAM market is being driven in part by the growing number of companies that are adopting Bring Your Own Device policies.

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Maine 55

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PYMNTS

JANUARY 20, 2017

We all know that paper-based processes are inefficient at best, error-prone at worst. When it comes to getting, workers paid, such shortcomings can have an outsized effect, as checks can get lost or never cashed. The environment for the adoption of prepaid cards in a payroll setting is a mixed one. On the one hand, employees and employers see a streamlining of process and tracking.

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payroll Expense Management New York Government 52

PYMNTS

JANUARY 20, 2017

Big news from German startup investment company Rocket Internet suggests it plans to come back strong in 2017. Rocket Internet just recently closed a new $1 billion venture fund it will use for investing in early-stage and growth internet startups. Called Rocket Internet Capital Partners (RICP), the fund is now the largest fund of its kind in Europe, the company said in a press release.

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PYMNTS

JANUARY 16, 2017

Long gone are the days where you would be guaranteed a meal (or two) on your flight. Many airlines have done away with meals and are charging incremental fees, like for checked bags and food for purchase on board. While many airlines have simplified options down to a free bag of peanuts and a charge for an adult beverage, others have opted to charge flyers for a sandwich or snack box should they feel hungry.

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PYMNTS

JANUARY 20, 2017

The people love Alexa — which is good news, since it is costing Amazon a whole lot of money to keep it on the market. According to reports, Alexa cost Amazon $330 million in 2016 alone — and the experts are forecasting that figure will increase to $600 million in 2017. The report comes out after reports that Apple has been investigating the creation of a stand-alone Siri device — and is perhaps in the prototype-testing phase of such a design.

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Construction Technology 49

PYMNTS

JANUARY 20, 2017

As retail pushes further into online spaces, many marketers and merchants alike are focused on clicks and open rates to measure the success of campaigns and consumer outreach, said Matt Williamson, cofounder and CEO of Windsor Circle. With its Predictive Lifecycle and Marketing Platform, the Durham, N.C.-based company takes a different, data analytics approach to online retail marketing.

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Retail 49

PYMNTS

JANUARY 18, 2017

The alternative finance industry may have emerged as competition to the banks, but today, it’s commonplace for traditional FIs to partner with alt-lenders. That partnership trend appears to be permeating other areas of SME financial services, with the latest tie-up to be between OnDeck Capital and WEX. Announced Tuesday (Jan. 17), the collaboration means OnDeck’s SME financing solutions will be integrated into the offerings of B2B payments company WEX; WEX’s business clients, they added, will h

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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

JANUARY 18, 2017

[link]. Enabling mobile payments isn’t easy. Not only does it require a significant shift in the behavior of consumers but also a complete mindset change for banks, merchants and even regulators. This can become increasingly difficult in emerging markets, where Kunal Patel, global head of product strategy and mobile payments at GoSwiff , explained that merchants are focused on operating in cash-driven economies.

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PYMNTS

JANUARY 18, 2017

New York City-based subscription model and B2C eCommerce enabler startup OrderGroove recently raised $20 million in a Series C venture funding round led by National Securities Corporation. To date, OrderGroove has raised $37 million in funding from investors, including Lerer Hippeau Ventures, SWaN & Legend Ventures and Western Technology Investment, among others.

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B2C New York Retail Technology 48

PYMNTS

JANUARY 17, 2017

Bitcoin has far more traders these days — particularly in China — than it has true believers. “It’s the golden age to be in the bitcoin market, because it’s imperfect,” said Zhou Shuoji , a former IBM technology consultant whose firm, Fintech Blockchain Group, runs a bitcoin hedge fund and venture capital fund. While the most common associations one might have with bitcoin are drug dealers, libertarians and Chinese nations looking to send funds overseas — according to recent reports, speed trade

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Technology Government Account accountant 48

PYMNTS

JANUARY 19, 2017

A movement by countries around the globe to embrace a cashless future is resulting in plastic payments (think credit and debit cards) to erode cash’s market share. That’s according to new data from Retail Banking Research , which it rolled out Wednesday (Jan. 18). The firm found that 471 billion cashless payments were made around the world in 2015, up 52 percent since 2011.

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Retail Technology Account accountant 48

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

Technology

PYMNTS

JANUARY 17, 2017

Investing in chatbots could be the trendiest thing a company can do this month. Just last week, 11 new bot-related startups caught the eye of cloud-based team collaboration tool Slack. The company decided to not only invest in them but use them to build out its bot portfolio in order to keep its competitive streak up. In case you’re keeping count, Slack has now invested in 25 bots in 13 months.

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B2C Technology Account accountant 47

PYMNTS

JANUARY 17, 2017

Top financial institutions around the globe are going in on blockchain in a big way, with massive investments in R&D and beyond. Larger corporations are exploring distributed ledger, too. Now, seven major banks in Europe are looking to pull SMEs into the blockchain exploration. Reports Monday (Jan. 16) said Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Société Générale and UniCredit have signed a memorandum of understanding to collaborate on a blockchain-based trade finance and supply chain t

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Transportation accounting and finance Finance Technology 47

PYMNTS

JANUARY 16, 2017

Deloitte has made clear its ambitions for blockchain, most recently by revealing it had invested in blockchain startup SETL, based in the U.K. And last October, the company announced the launch of Deloitte Catalyst, an incubator to support startups using disruptive tools like blockchain. But its biggest show of confidence for the technology was announced last week when Deloitte revealed the creation of a blockchain lab in New York City.

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PYMNTS

JANUARY 16, 2017

Retail spending in the months of November and December came in at the strongest level in five years. According to Visa’s Retail Spending Monitor, which monitors spending on the part of U.S. consumers that use Visa payment products, retail sales increased 4.8 percent during the holiday season when compared to the holiday season in 2015. What’s more, Visa found more consumers used mobile phones and PCs to do their holiday shopping.

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Technology

PYMNTS

JANUARY 17, 2017

You’re a retailer, beset by the twin problems of brick-and-mortar and fickle U.S. consumer spending. Picture 625 million wallets, ready to open for the right retail experience. Of that, picture 120 million wallets right in your own backyard, flush with cash and credit. No dream, this: Alipay is expanding its efforts and footprint in North America to capture discretionary spending as Chinese tourists flock to the region for culture and entertainment … and spend on everything from food to handbags

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PYMNTS

JANUARY 19, 2017

Business processes are myriad in number. They are also complex, requiring smooth trajectories, from procurement to payment, from order to storage, and tracking payments to and from accounts. Humans are fallible. Machines, on their own, are limited. Tie the two, though, and it is possible to boost efficiency, save money and even profit where once there was wasted effort and material.

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PYMNTS

JANUARY 18, 2017

The stress of life bears down. For those that crave a massage but can’t get an immediate appointment or even travel to the spa before it closes, there’s a fix for that. Zeel is an on-demand massage therapist app that launched back in 2012. Considered the “Uber of massage therapists,” the platform is now the largest one of its kind in the industry. More than 8,000 massage therapists in 50 (and growing) cities are hooked to the platform.

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Education Retail 46

PYMNTS

JANUARY 18, 2017

Did you know there are more than 10 million parking violations cited per year in New York City? It probably doesn’t help that more than 117,000 of those violations happened after a neighbor ratted the vehicle to 311 that it was parked illegally. But now there’s a bot to help dismissing parking tickets and their fines without getting an attorney involved in the case.

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New York Technology 46

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PYMNTS

JANUARY 19, 2017

Payment card spending in the U.K. increased 1 percent during the month of November to hit £56 billion, thanks in part to an increase in debit card spending. According to The UK Cards Association, the 1 percent increase in November was driven by a £476 million rise in debit card spending. What’s more, the trade association found £13.2 billion was spent online during November, including Black Friday and Cyber Monday, marking the highest level since record-taking began three years ago and represent

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Gaming Retail Sales Account 46

PYMNTS

JANUARY 18, 2017

Wirecard, the digital payment company, announced Tuesday (Jan. 17) it is rolling out its mobile payment solution, boon, in France. In a press release , Wirecard said that, after initially launching boon in the U.K. market in May, it is now rolling it out to France, making it the first market within the euro area in which people can use boon with Apple Pay.

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PYMNTS

JANUARY 16, 2017

There are many consumers who still love making an in-store purchase. But more than ever before, a significant number of consumers say they see it as a chore. In fact, they’d swap the brick-and-mortar experience for — this may surprise you — washing dishes. All because that in-store experience has lost in the convenience game to online shopping. That’s according to the Capgemini Digital Transformation Institute ’s new report, “ Making the Digital Connection: Why Physical Retail Stores Need a Reb

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Retail Manufacturing Gaming Technology 46

PYMNTS

JANUARY 19, 2017

ACI Worldwide, a provider of real-time electronic payment and banking solutions, announced Wednesday (Jan. 18) the newest version of its UP Immediate Payments solution. In a press release , ACI Worldwide said the new version is available via a SaaS delivery model or on-premise. According to the company, UP Immediate Payments is highly flexible and adaptable, providing access to all Immediate Payments (IP) schemes globally.

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Start-ups Technology 46

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Finance

PYMNTS

JANUARY 19, 2017

One of the top stressors in B2B payments is the disconnect between how buyers want to pay and how suppliers want to accept payment. A recent study by Receivable Savvy found that 63 percent of suppliers prefer to be paid electronically, though not necessarily via commercial card. Researchers found that, while only 9 percent of suppliers cited a card as their preferred payment type, more than half said they accept cards because corporate buyers want to pay that way.

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B2B accounts payable Technology Account 46

PYMNTS

JANUARY 19, 2017

Hewlett Packard Enterprise (HPE) has just announced its latest acquisition, and it comes at a discount for the tech firm. Reports Wednesday (Jan. 18) said HPE has acquired SimpliVity , a company that develops hyper-converged infrastructure, which uses a variety of data technologies — storage, networking and computing — to more efficiently run software.

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Technology Sales B2B 46

PYMNTS

JANUARY 19, 2017

It was but a short time ago beacons were the next big thing. Unlocking the power of mobile location technology, beacons in their most ecstatic billing were hailed as the future of digital retail and possibly the saving lifeline that was going to keep the foot traffic coming. Consumers could use their phones to check in at their favorite retailers, get special offers and perhaps even pay without ever standing in a line.

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Technology Retail Construction Start-ups 46

PYMNTS

JANUARY 17, 2017

Today, there’s a major gap in market between the data that relying parties have to verify consumer identity and what is needed to authenticate them with certainty. And for that reason, credit bureaus, financial institutions and even eCommerce sites find they must look elsewhere for verifiable data or risk overlooking good but “thin-filed” consumers, including millennials.

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Account accountant accounted 45

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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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