PYMNTS

NOVEMBER 27, 2020

Remote onboarding has overtaken (some might say overwhelmed) banks and merchants all year long as a deluge of faceless applicants opened accounts and cards. Financial institutions (FIs) and other issuers need more assurance than they’ve been getting, however, as cyber scams founded on false identities and bogus accounts are through the roof.

Securities 107

Securities Prioritization Numbers Accounting 107

CFO Network

SEPTEMBER 23, 2021

Outsourcing business functions like accounting can save you time and money. If you’ve been wanting to learn more about how outsourced accounting can actually save your business money, we’ve put together the ultimate guide. What is Outsourced Accounting? Outsourced accountants offer a fresh set of eyes without bias.

Accounting 80

Accounting Invoicing Budgeting Forecasting 80

Centage

SEPTEMBER 6, 2022

While there are many alternatives to spreadsheets, some organizations still consider them an important part of their accounting procedures. The familiarity of spreadsheets and their ease of use mean many employees are happy to keep working with them, even though they may create serious security risks.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

Nerd's Eye View

DECEMBER 28, 2022

The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019, brought a wide range of changes to the retirement planning landscape, from the death of the ‘stretch’ IRA to raising the age for Required Minimum Distributions (RMDs) to 72. In addition, SECURE 2.0 In addition, SECURE 2.0

Tax Planning 98

Tax Planning Securities Planning Accounting 98

Nerd's Eye View

DECEMBER 28, 2022

The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019, brought a wide range of changes to the retirement planning landscape, from the death of the ‘stretch’ IRA to raising the age for Required Minimum Distributions (RMDs) to 72. In addition, SECURE 2.0 In addition, SECURE 2.0

Tax Planning 98

Tax Planning Securities Planning Accounting 98

PYMNTS

APRIL 17, 2020

Smooth accounts payable (AP) processes are critical in the spice business, in which purveyors must send funds securely to vast numbers of distributors and growers worldwide. … We don’t write it down even, [but] it’s all in our accounts payable [system],”. That’s why we have all the accountabilities we have.”.

Accounts Payable 60

Accounts Payable Securities Accounting Invoicing 60

PYMNTS

DECEMBER 22, 2020

Facebook will increase its security offerings, especially for high-profile users, the social media giant announced Tuesday (Dec. The company will support the use of security keys on mobile devices so anyone logging into an account will need more than just a password, a Facebook official told PYMNTS.

Accounting 94

Accounting Securities Numbers 94

Nerd's Eye View

AUGUST 9, 2023

The original SECURE Act, signed into law in December 2019, changed many of the long-standing rules governing IRAs and other retirement accounts, and no single measure in the legislation had a more seismic impact on planning than the changes to the post-death distribution rules for retirement accounts.

Accounting 93

Accounting Securities Planning Numbers 93

Future CFO

OCTOBER 4, 2023

Accountants are optimistic about digital transformation, including artificial intelligence, according to a survey by the Association of Chartered Certified Accountants (ACCA). The post Accountants optimistic on digital transformation appeared first on FutureCFO.

Accounting 52

Accounting Compliance Leverage Technology 52

CFO Leadership

OCTOBER 10, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. They’re not very good at mathematics or dealing with numbers in general.

Accounting 95

Accounting Finance Auditing IFRS 95

PYMNTS

FEBRUARY 27, 2018

These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. Several nations around the world are reconsidering their approach to security and national identity systems. citizens to open bank accounts. billion USD.

Numbers 44

Numbers Securities Advertising Economics 44

PYMNTS

AUGUST 10, 2017

The more individuals leave a trail of information across websites, the more tempting the targets are for hackers to make off with everything from Social Security numbers to health care information. Your security question with your dog’s name? That old password you have? The one referencing your favorite Journey song?

Numbers 53

Numbers Securities Risk Analysis Technology 53

PYMNTS

AUGUST 5, 2020

Tim Horton , head of global merchant security and fraud solutions at Fiserv , told a recent PYMNTS Masterclass that online purchases have more than doubled year on year in the general retail segment, while online grocery sales have surged by 250 percent. But put the same consumer online and the story is very different.

Securities 106

Securities Prioritization Numbers eCommerce 106

PYMNTS

APRIL 3, 2019

Simply showing what the lowly, mundane, terribly average phone number can do in terms of securing transactions, onboarding and other tasks vital to the daily lives of digital consumers. Enter the phone number – which, as Meier told Webster, is possessed by more than 95 percent of people in the U.S. Verification Trends.

Numbers 59

Numbers Securities Accounting Banking 59

PYMNTS

NOVEMBER 27, 2020

Some are turning to virtual cards to keep their debit account numbers safe, providing shoppers with newly generated codes that can be restricted to work only when paying specific merchants or used just once before expiring. Firms are also prioritizing security as they transact online more heavily as well.

Securities 78

Securities Prioritization eCommerce Education 78

CFO Simplified

DECEMBER 12, 2021

The terms “finance” and “accounting” are often used interchangeably. There are, however, very real differences between finance and accounting. While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category.

Accounting 52

Accounting Finance Cash Flow Forecasting Quantitative Analysis 52

PYMNTS

JANUARY 27, 2021

Financial institutions (FIs) around the world are confronting these issues with numerous digital implementations , as 85 percent of banks are offering some form of digital account opening, for example. One study found that the use of malicious botnets to register false accounts increased by more than 70 percent in Q3 2019, for example.

Securities 85

Securities Leverage Construction Banking 85

PYMNTS

NOVEMBER 3, 2020

Most organizations expect a level of fraud, but the numbers are driving so dramatically higher that it's not the same old story anymore,” Cohen noted. That means pushing the security or fraud-fighting discussion surrounding a new product or experience to the beginning of the development process rather than the end. “As

Securities 120

Securities Restructuring Leverage Numbers 120

Future CFO

APRIL 24, 2023

There are nine security trends that CFOs need to be aware when working with CISOs and security and risk management leaders. A human-centered approach to cybersecurity is essential to reduce security failures,” said Richard Addiscott, Sr Director Analyst at Gartner.

Securities 52

Securities Risk Management Benchmarking Restructuring 52

PYMNTS

AUGUST 8, 2019

The system helps you collect the least amount of data from the largest number of users,” he said. Meier noted that 80 percent of consumers can be verified by their names and numbers, though more information can be collected depending on the specific use case. Phone Number Ubiquity. possess phone numbers.

Securities 58

Securities Numbers Accounting Banking 58

PYMNTS

AUGUST 22, 2017

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.

Numbers 50

Numbers Currencies Accounting Securities 50

PYMNTS

MAY 2, 2019

Representatives from a number of countries around the world – excluding Russia, China and representatives from technology giant Huawei – met to discuss the security of 5G networks as many countries prepare for deployment of the technology, according to a report by Reuters.

Securities 68

Securities Manufacturing Technology Numbers 68

PYMNTS

JUNE 29, 2020

Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data in a quick, easy and secure manner across a network of platforms. Security Risks Facing Open Banking. Securing Open Banking Systems. percent of fraud attempts, according to one study.

Securities 96

Securities Banking Leverage Communication 96

CFO Selections

APRIL 11, 2022

The war for talent that emerged amid The Great Resignation is still going strong in the areas of accounting and finance. As Hannah Green explains, “The accounting sector has a problem with numbers. Specifically, it’s becoming harder and harder for firms to attract top talent.

Accounting 52

Accounting Finance Securities Numbers 52

E78 Partners

MARCH 23, 2023

When your team is stretched thin, outsourcing your finance and accounting services can be an effective solution, allowing you to focus on core competencies and achieve long-term growth for your company. We’ve compiled the top five signs that it’s time to outsource your finance and accounting services.

Accounting 52

Accounting Finance Budgeting Securities 52

PYMNTS

JULY 16, 2020

digital bank Monzo is taking another crack at offering premium online consumer banking accounts with features designed to help account holders create — and abide by — budgets. The virtual cards are meant to protect the customer’s actual debit card number when shopping online. Monzo placed No.

Accounting 67

Accounting Banking Valuation Budgeting 67

PYMNTS

NOVEMBER 26, 2020

Social Security Administration, for example, requires recipients using its website to provide unique eight-digit codes sent via text to their smartphones in addition to their usernames and passwords when they sign up or log in. . That number appears to be rising, too, as just 37 percent of consumers said the same last year.

Securities 69

Securities Leverage Retail Numbers 69

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. What is the actual goal in a nonprofit accounting setup?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

PYMNTS

MARCH 4, 2020

Clothing company J.Crew said an unknown hacker accessed some of its customers’ online accounts almost a year ago, according to reports. Although the attack occurred in 2019, the company only now revealed that an unknown number of customers had been affected by the attack.

Accounting 72

Accounting Numbers Securities Retail 72

PYMNTS

MAY 8, 2020

Building that experience properly, he noted, means allowing consumers to create accounts with stored credentials and data — because to build a competitive digital service means building one that works smoothly, not one that consumers have to continually relog into. But we are seeing in our data it’s also growth,” he said.

Securities 97

Securities Forecasting eCommerce Retail 97

PYMNTS

FEBRUARY 10, 2019

Some of OkCupid’ s users have reported that their accounts have been hacked, although the dating site is denying it has experienced a security breach. A user who contacted reporters revealed that a hacker broke into his account and changed his password, as well as his email address on file, so that he couldn’t reset his password.

Accounting 67

Accounting Securities Numbers 67

Centage

SEPTEMBER 6, 2022

While there are many alternatives to spreadsheets, some organizations still consider them an important part of their accounting procedures. The familiarity of spreadsheets and their ease of use mean many employees are happy to keep working with them, even though they may create serious security risks. Lack of Security Features.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

PYMNTS

DECEMBER 2, 2020

This is driving demand for virtual cards, digital payment offerings that can authorize purchases without forcing shoppers to hand over sensitive permanent account numbers.”. Virtual card numbers can’t be copied, and their spend controls make overspending or unauthorized spending “virtually” impossible.

Securities 60

Securities Numbers Retail Accounting 60

PYMNTS

AUGUST 7, 2020

Legacy payment options like paper are getting nudged out by faster better methods like credit cards, which are more cost-effective for buyers’ accounts payable (AP) teams to send and quicker for suppliers’ accounts receivable (AR) professionals to receive. Configurable And Secure For Remote Treasury.

Accounting 72

Accounting B2B Accounts Payable Treasury 72

PYMNTS

JUNE 5, 2020

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. The federal entity is charged with monitoring the U.S. Even if your products are not covered per FinCEN in the U.S.,

Securities 69

Securities Banking Leverage Accounting 69

PYMNTS

SEPTEMBER 18, 2017

How secure do you feel when it comes to payments? Two-thirds of the more than 3,000 adults surveyed said they were concerned about data security, with 38 percent of respondents believing their private information may have already been exposed. As for blaming the retailer for any number of breaches? “We

Securities 61

Securities Compliance Numbers Accounting 61

PYMNTS

JANUARY 22, 2021

Westlake has already sent several million dollars over the RTP network during the pandemic, according to Westlake’s Director of Accounting Operations Raul Alvarez. As with any payment method, fraud attacks and human errors can upend customer experiences unless companies have strong security strategies in place. Contingency Planning.

Securities 56

Securities Finance Accounting Planning 56