PYMNTS

SEPTEMBER 4, 2019

Amazon is testing a new payment system that uses handprints for checkout instead of a card or an app, The New York Post reported on Tuesday (Sept. 3). Codenamed “Orville,” the technology will scan human hands to ring up purchases. Sources told the NYP that the e-commerce giant is using its New York employees as test subjects by installing the system on a handful of vending machines selling chips, sodas and phone chargers in its offices.

E-commerce 92

E-commerce New York Technology 92

Katz,Sapper&Miller

SEPTEMBER 4, 2019

The Tax Cuts and Jobs Act of 2017 added a new anti-deferral rule known as Global Intangible Low-Taxed Income (GILTI). The GILTI provisions impact taxpayers that own an interest in certain foreign corporations that are classified as controlled foreign corporations (CFC). Below is a brief background on the basic GILTI rules as well as highlights of significant developments in the final regulations that were issued in June 2019.

Tax 40

Tax 40

MyIRSRelief

SEPTEMBER 2, 2019

The Tax Court has upheld the IRS’s decision to reject a taxpayer’s proposed offer-in-compromise and to decline to abate interest and failure-to-pay additions to tax. The IRS may enter into an offer-in-compromise to reduce a taxpayer’s outstanding tax liability if, among other reasons, there is doubt as to collectability. Rejection of offer in compromise OIC denial-.

Tax 100

Tax tax return Education Maine 100

PYMNTS

SEPTEMBER 3, 2019

The famous 17 th -century political satirist and author, Jonathan Swift , wrote in 1745 that “vision is the art of seeing things invisible.” Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Which, increasingly, is just about every ecosystem.

Start-ups 89

Start-ups Transportation Technology B2B 89

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PYMNTS

SEPTEMBER 3, 2019

Today if one says the word eBay anywhere in the U.S. — and in multiple spots around the world — you will be hard-pressed to find someone who doesn’t instantly know as to what you are referring. They may never have made a purchase on the online marketplace, but the odds are good they know at least one good story about something bought it on eBay story.

Illinois 81

Illinois Sales California Maine 81

PYMNTS

AUGUST 31, 2019

As U.S. household debt climbs, financial health startup Credit Sesame has raised $43 million ahead of its planned IPO, as reported on Friday (Aug. 30). Debt in the country stands at nearly $14 trillion. Credit Sesame aims to expand the available tools to help consumers better handle outstanding loans. Consumers can use the service to check their credit scores and evaluate options to improve their overall financial health.

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PYMNTS

SEPTEMBER 4, 2019

Visa announced that since their inception, chip cards have reduced counterfeit fraud by 87 percent. . “Chip cards are increasingly becoming the norm as usage and acceptance has continued to grow since the EMV standard was first introduced in 2011,” the company said. “That’s good news for everyone but fraudsters. The latest data shows that Visa payment cards with an embedded EMV chip has had a significant impact on counterfeit fraud, which is when criminals copy your payment card data onto a fake

Retail 78

Retail Technology Account accountant 78

PYMNTS

SEPTEMBER 2, 2019

The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech , blockchain and digital lending markets. “Regulators using new technologies to supervise FinTechs and the financial industry — called Suptech, short for supervisory technology — is another area where China is generally thought of as a world leader,” said one adviser who works closely with large Chinese FinTech companies, according to the Financial Times.

Finance 77

Finance Technology 77

PYMNTS

SEPTEMBER 5, 2019

Biometric payments are making another run at the grocery store, this time at the hands or Amazon. Or, to be more precise, in the hands of Amazon’s customers. Amazon, the company that brought consumers scan and go, is about to bring consumers pay by hand — a new payment system designed to allow Whole Foods shoppers to pay for their groceries by merely waving at a scanner.

Technology 76

Technology New York Start-ups Hospitality 76

PYMNTS

SEPTEMBER 1, 2019

Google ’s Project Zero team was the first to let Apple users know iPhones and related Apple products have been subjected to a breach , Forbes reported Sunday (Sept. 1). About 1 billion users learned “hacked websites” were used to infiltrate iPhones over the past two years. Since the attack was sophisticated, scaled and targeted along geographic and demographic lines, a nation state-sponsored perpetrator is suspected.

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Speaker: James Kahler, COO of Full Course

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PYMNTS

SEPTEMBER 3, 2019

Seven European payments operators — most of them owned by banks — that own and operate mobile payments services said Tuesday (Sept. 3) that they are in the midst of building a pan-European network focused on cross-border mobile payments. As reported by Bloomberg Tuesday, the European Mobile Payment System Association initiative comes as banks and traditional financial services players continue to battle FinTechs and Big Tech for share of mind and share of wallet across the payments landscape.

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PYMNTS

SEPTEMBER 5, 2019

Commercial and consumer cards issued in the U.S. generated $6.13 trillion in spending for goods and services in 2018, The Nilson Report said in a press release Thursday (Sept. 5). Commercial card spending is up 11.7 percent, compared to consumer card spending, which grew by 10.1 percent. Commercial card spending was $1.39 trillion last year. Consumer card spending was $4.74 trillion.

Government 75

Government Account accountant accounted 75

PYMNTS

SEPTEMBER 2, 2019

For B2B payments, this summer was a season of technological progress. Both buyers and suppliers say they are looking forward to adopting technology that can tackle their biggest accounts payable (AP) and accounts receivable pain points, with PYMNTS’ July Payables Friction Playbook , a collaboration with Corcentric, finding that 42.6 percent of AP professionals say they already receive invoices via an eInvoice solution.

AP Automation 74

AP Automation B2B Technology accounts payable 74

PYMNTS

SEPTEMBER 5, 2019

A new API standard for the pre-authorization of funds is being rolled out by SWIFT, clearing a path for a revolution in financial services enabled by open banking, the company said in a press release on Thursday (Sept. 5). API standards accelerate the introduction of new services. With this latest standard, a payer’s bank can designate funds in advance, assuring upcoming payments will clear. .

Retail 72

Retail 72

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

SEPTEMBER 6, 2019

The use of digital identities is becoming commonplace, and consumers are largely satisfied with their presence. In fact, PYMNTS’ Digital Identity Lifestyle Capsule found that 100 percent of eCommerce customers who were required to submit digital copies of their physical ID documents when creating accounts said it was a satisfactory authentication process.

Government 71

Government Account accountant accounted 71

PYMNTS

SEPTEMBER 4, 2019

Fiverr, the company that matches freelancers to jobs, has announced a new eCommerce-based store with the intention of helping online businesses with services that support all their needs, the company said in a release. . Through the new store, businesses that use platforms like Magento, Shopify and Woocommerce can search for services like SEO, drop shipping, web design and development.

Retail 71

Retail Sales 71

PYMNTS

SEPTEMBER 3, 2019

U.K. challenger bank Starling Bank is gearing up to launch a web portal this month, as well as to introduce new loan offerings from third-party providers. The company submitted its biannual update to Banking Competition Remedies, according to AltFi reports Friday (Aug. 30), a requirement following the award of £100 million from the BCR fund earlier this year.

accounting and finance 68

accounting and finance Construction Finance Government 68

PYMNTS

SEPTEMBER 4, 2019

In India, funding activity over the past weeks headed into the end of August showed that eCommerce startups focused on home delivery gained traction, as measured by funding rounds. As tracked by PYMNTS, total funding activity along sectors as far-flung as logistics, eCommerce, alternative finance and payments tech stood at roughly $2.3 billion USD. Breaking that down a bit, logistics stood at just over 47 percent of the total, at a bit more than $1 billion, and eCommerce stands at $259 million.

Finance 68

Finance Sales 68

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Technology

PYMNTS

SEPTEMBER 3, 2019

Apple has been granted three separate patents related to the Apple Watch, which would allow for biometric identification, automatic tightening of the band and lighted indicators, according to a report. The biometric sensor would use infrared to take a “picture” of a person’s wrist and then use the identifying traits as an unlocking device. Currently, there is no way to unlock an Apple Watch without using a PIN or setting it to unlock when a person unlocks their phone.

Healthcare 67

Healthcare Start-ups Account accountant 67

PYMNTS

SEPTEMBER 4, 2019

Australian supply chain-focused blockchain technology company Security Matters has filed a patent application in the U.S. towards the marking, tracking and managing of the supply chain of cannabis plants, cannabis products and products containing cannabis-based ingredients. The methods will be used for the company’s chemical solution for marking plants completed during any of the six stages of plant growth and cultivation, as well as directly to the seed before planting.

Technology 66

Technology 66

PYMNTS

SEPTEMBER 4, 2019

Travel commerce and payments firm CellPoint Digital and the airline-owned payment network UATP are in a deal with Southwest to let customers buy tickets and other services using Apple Pay, CellPoint said in a press release on Wednesday (Sept. 4). “Providing modern digital payment solutions to our customers is critical,” said Christopher Priebe, director of treasury, payments and risk at Southwest Airlines. “The launch of Apple Pay enhances our ability to sell flights, as well a

Technology 66

Technology 66

PYMNTS

SEPTEMBER 2, 2019

It was a summer of last-mile delivery and new subscription pushes. It was a season of fulfillment expansion and voice assistance (even Nike sneakers got involved). It was months of tariffs and trade wars. But most of all, perhaps, it was a time of meatless alternatives. As PYMNTS prepares to BBQ and drink sangria and maybe even hum some union solidarity anthems in honor of this holiday weekend, we ask you to take a few moments to join us on a “greatest-hits tour” of this past summer of retail.

South Dakota 65

South Dakota North Dakota Montana Wyoming 65

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Technology

PYMNTS

SEPTEMBER 5, 2019

Facebook has announced the launch of Facebook Dating, created to gives users “a more authentic look at who someone is.” The service is launching in U.S. as well as in 19 other countries: Argentina, Bolivia, Brazil, Canada, Chile, Colombia, Ecuador, Guyana, Laos, Malaysia, Mexico, Paraguay, Peru, the Philippines, Singapore, Suriname, Thailand, Uruguay and Vietnam.

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PYMNTS

SEPTEMBER 4, 2019

International Monetary Fund (IMF) Chair Christine Lagarde said financial supervisors and central banks should be more open to cryptocurrencies, even as they protect consumers, according to reports. “In the case of new technologies — including digital currencies — that means being alert to risks in terms of financial stability, privacy or criminal activities, and ensuring appropriate regulation is in place to steer technology towards the public good,” Lagarde said.

Finance 64

Finance Technology 64

PYMNTS

SEPTEMBER 3, 2019

Summer is unofficially over and the kids are back in school. For some, that’s a mix of good and bad news (summer with children can be difficult, after all, no matter how well behaved they are), and for the fledgling ridesharing service Zum , it’s another season of business. Zum (pronounced like “zoon”) focuses on using private rideshares to get children to and from school and their extra circular activities.

Transportation 64

Transportation Illinois Finance B2B 64

PYMNTS

SEPTEMBER 5, 2019

Opportunities come in various forms and disguises, and that could be the case for payments and commerce operators when it comes to the European Union’s revised Payment Services Directive (PSD2) and its strong customer authentication (SCA) rules. Those rules stand as among the most critical emerging regulations in payments and commerce, and over the long term, there would seem to be little mercy for those businesses that fail to comply and fail to find a way to make those regulations work to thei

B2B 63

B2B 63

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PYMNTS

SEPTEMBER 3, 2019

Point-of-sale technology firm Square is teaming up with U.K. bank TSB Bank to offer a suite of financial services to joint small business customers. A press release Monday (Sept. 2) said TSB small business owners will be offered Square POS software and a free Square Reader to be able to begin accepting payments and launch their businesses. Together, TSB and Square will also provide those small businesses with analytics based on bank and POS data for performance tracking, while they will also be

Finance 63

Finance Sales Technology B2B 63

PYMNTS

SEPTEMBER 5, 2019

Seventy percent of gig economy workers are still living paycheck to paycheck, despite pulling in more money than ever. Instant payments and disbursements are therefore only growing more integral to every facet of the gig economy ecosystem. Nearly 40 percent of U.S. workers are engaged at some level with the gig economy, and most of them are hoping that instant and faster payments continue to grow in scope.

Maine 62

Maine 62

PYMNTS

SEPTEMBER 6, 2019

In the waning days of summer, venture capitalists appear to be in a lull: only $51.2 million was placed with B2B FinTechs this week. Startups in India saw the majority of that activity, while France and the U.S. landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers.

B2B 62

B2B accounting and finance Technology accounts payable 62

PYMNTS

SEPTEMBER 5, 2019

Western Union is teaming up with TRUE North to offer students a simplified payments platform to pay tuition and expenses, Western Union said in a press release on Thursday (Sept. 5). . The new process will help funds to arrive on time and in full, without hidden charges to the educational institution. “We are proud to collaborate with TRUE North to integrate our payments solution into their platform,” said Roy Farah, vice president of sales for Canada, Western Union Business Solutions.

Education 61

Education Sales 61

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