PYMNTS
FEBRUARY 26, 2016
Entrepreneurialism is often about self-teaching. Business owners may be experts in their particular industries, but that doesn’t mean they’re always familiar with some of the back-end processes of running a company, like cash management and investing. When launching a small business culminates in an entrepreneur ready to sell, this lack of financial literacy can spell problems.
Planful
FEBRUARY 24, 2016
CFOs need to embrace integrated financial planning, while leveraging emerging technologies into the planning process. With the help of technology, businesses can speed up the budgeting cycle, free up resources, create up-to-date forecasts, and reduce the potential for error. Keeping Up with Growing Data. Businesses need to adapt to new technologies in order to enhance efficiency.
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PYMNTS
FEBRUARY 29, 2016
I, Shopper, take thee, Online Retailer, to be my faithful partner in commerce. To have and to hold from this day forward — for better, for worse; for richer, for poorer; in sickness and in health — to love and to cherish, till death us do part. How very unlikely these days. Shoppers just aren’t as loyal as they once were. Today, fewer than a third say that membership in loyalty programs drives their choice of retailer.
PYMNTS
FEBRUARY 29, 2016
Cloud computing, say its proponents, has several advantages over hardware-based systems. Flexibility of the technology is one selling point; updates can be managed remotely and instantly, information can be shared over multiple locations in real time and costs are lower. To that end, NYMBUS, a core banking software company based in Florida, has partnered with Geezeo, a white-label personal finance management solutions provider that caters to banks and credit unions.
Speaker: Frank Taliano
Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.
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PYMNTS
FEBRUARY 26, 2016
Generally speaking, it is hard to think of social media as something that is making the world a more inclusive place – given its occasional status as a toxic swamp of intolerance and cruelty. But social media has the ability to give more than men’s rights activists, bigots, misanthropes, political extremists and conspiracy theorists a venue to spout their more interesting ideas about the world and how it works.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
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PYMNTS
FEBRUARY 25, 2016
Visa has struck a new deal with China UnionPay through a memorandum of understanding to collaborate on three key areas in the financial ecosystem: payments security, innovation and financial inclusion. The deal, which was signed by Shi Wenchao, President of China UnionPay, and Visa CEO Charlie Scharf, aims to provide a platform for the two payments networks to come together to “strengthen and create new value for the bank card ecosystem benefiting consumers, merchants, financial institutio
PYMNTS
FEBRUARY 23, 2016
Last year, starting in about August, the big EMV countdown was underway — though the question as to whether they were going to “make it” was already answered. They weren’t. As of the liability shift on Oct. 1, around half of “big retailers” had EMV while smaller retailers were clocking in at 10 percent to 33 percent, depending on whose count one liked.
PYMNTS
FEBRUARY 29, 2016
It looks like Snapchat has been scammed by an enterprising phisherman who managed to collect personal data on about 700 employees of the social media service. According to reports that appeared overnight in Los Angeles Times , a payroll department employee accidentally emailed the personal information of about 700 employees (current and past) to someone masquerading as Snapchat CEO Evan Spiegel.
PYMNTS
FEBRUARY 26, 2016
Alibaba is reportedly after a $4 billion loan from banks as it seeks backing for its expansion plans, according to unnamed sources who spoke to The Wall Street Journal. The news hints at what’s next for the Internet giant, which could include further acquisitions that Alibaba may want to get its hands into, the sources said. This follows Alibaba’s recent surge of spending — somewhere in the billions — on major expansion/acquisition plans in its home country of China — and abroad.
Speaker: Claire Grosjean
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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PYMNTS
FEBRUARY 25, 2016
Who has more difficulty finding clothes they like: women or men? Stitch Fix, the once-female-only styling service and apparel retailer, has changed its answer from the former to “both.” In an interview with Re/code , Stitch Fix Founder and CEO Katrina Lake explained that the San Francisco-based startup will be adding lines of men’s clothing products and male fashion stylists to help match the right pieces to the right customers.
PYMNTS
FEBRUARY 24, 2016
With a unique customer experience becoming ever more important in retail, virtual reality could play a significant part in those efforts. That’s the case made in a recent story from Forbes , which examines the growing trend of virtual reality (VR) in retail applications, paying particular focus to a number of Samsung’s offerings. The outlet shares that Samsung debuted a VR experience at select AT&T stores last week, which includes a virtual Carnival cruise for users outfitted wit
PYMNTS
FEBRUARY 29, 2016
Just because businesses are interested and willing to adopt payments innovations doesn’t mean it’s going to happen. Other key players in the adoption curve include government entities and financial institutions, says Bottomline Technologies Managing Director of Digital Banking Norm DeLuca. Governments and banks have a lot to do with developing an ecosystem that supports adoption of payments technologies for both consumers and corporates, and DeLuca sees some stark differences between the U.K. an
PYMNTS
FEBRUARY 24, 2016
With the 2016 presidential race in full swing, many important economic issues are being discussed. One of the most significant: the health and importance of small businesses, and in particular, the “mom and pop” shops that line the main streets and side streets of our local communities. These businesses – we call them Store Fronts — represent 3.8 million businesses, accounting for nearly 37 percent of all SMBs.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
PYMNTS
FEBRUARY 24, 2016
It wasn’t easy for Tim Cook to get Apple Pay into China, but his company was finally able to make that vision a reality last week (Feb. 18). Now, however, new details have surfaced as to why China’s banks were finally ready to jump on the Apple Pay bandwagon. According to a report in the Chinese news site Caixin , Apple cut a deal with Chinese banks to charge them less fees than what it charges banks in the U.S.
PYMNTS
FEBRUARY 23, 2016
Yesterday, PYMNTS detailed what happened during Day 1 of Mobile World Congress in Barcelona. That included news like Visa’s car-based commerce deal, and its plans to expand Visa Checkout. It also detailed a series of news announcements from MasterCard, including details about its “selfie pay” expansion plan, MasterPass expansion plans, MasterCard’s IQ Series, its partnership with Coin, and its wearable payments play.
PYMNTS
FEBRUARY 29, 2016
Bad loans – they’re everywhere! Well, not really. Mostly in the energy sector. Oh, and by the way, autos too, it looks like. The Wall Street Journal reported Monday (Feb. 29) that the banks have got a new sector to worry about, which comes on four wheels. With the caveat that problem loans on banks’ books tied to auto lending are thus far “at an early stage and manageable,” the warning signs are there that trouble may be in the offing.
PYMNTS
FEBRUARY 29, 2016
Go ahead and blink, but the Internet of Things is everywhere around us. And, increasingly, IoT is on us. To get insight into the big picture of IoT, PYMNTS recently interviewed Sanket Amberkar, Senior Director of Innovation and New Ventures at Flextronics, a technology development company that is a big player in the IoT space. When talking IoT with someone from Flex, the first thing you should probably know is the company prefers to call it the “Intelligence of Things,” Amberkar said.
Speaker: Dave Sackett
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
PYMNTS
FEBRUARY 26, 2016
Mobile World Congress 2016 is in the books, but the conversations and topics that drove the announcements of the week are sure to be driving the innovations for much of the next few years across the payments, tech, commerce, and security industries. But what were some of the biggest trends that hit social media this week during mobile’s big event in Barcelona?
PYMNTS
FEBRUARY 24, 2016
When it comes to a retailer protecting its assets — digital and otherwise — the intrinsic assumption might be that the focus ought to look outward. But the reality is that the greatest security threat facing retail companies, according to a number of recent surveys, often comes from within. And we’re not just talking about sales floor employees with occasionally sticky fingers (although we are talking about that, to some degree); we’re talking about advanced cybercrime.
PYMNTS
FEBRUARY 24, 2016
Western Union is being questioned by the European Union’s antitrust regulators in relation to allegations that it conspired with banks to push its rivals out of the money-transfer market. “Western Union is cooperating with the European Commission following a request for information on the company’s business in Europe,” spokesman Daniel Diaz said in an email, according to Reuters.
PYMNTS
FEBRUARY 24, 2016
Mintos, a Latvian P2P lending startup, which provides a platform for investors to finance nonbank lender loans, has raised $2.2 million in a seed funding round led by Riga, Latvia-based VC Skillion Ventures. The year-old company helps its investors find loans they can fund or buy from alt-lenders who are looking to liquidate their investment. Mintos CEO and Cofounder Martins Sulte (left) with CFO and Cofounder Martins Valters (right).
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
PYMNTS
FEBRUARY 29, 2016
Concur is on a roll when it comes to partnerships , linking companies like Lyft and HotelTonight with its corporate travel and expense management solutions for more streamlined business travel. Even more recently, the company cozied up to Booking.com. Its latest collaboration is with travel management firm CTI. Their tie-up, announced last Friday (Feb. 26), sees CTI giving its corporate clients access to Concur’s expense management solutions, a move made to help customers gain deeper insight int
PYMNTS
FEBRUARY 29, 2016
Despite many customers’ perceptions that tech companies like to beta test their new products and services as initial releases, Amazon has been cautious with its restaurant delivery program. However, now that several U.S. cities have been taken under the Prime Now umbrella, is it time for some transatlantic countries to get in on the fun? That’s the report from Reuters.
PYMNTS
FEBRUARY 29, 2016
Most of the time, the big battles in retail take place on the battlefields of brick-and-mortar storefronts and customers’ keyboards. However, that doesn’t mean all the money corporations spend on legal team retainers is completely wasted. Reuters reported that, despite a string of losses in the courtroom and an order to pay Apple $120 million in damages for patent infringement, Samsung received a bit of good news on Friday (Feb. 26): The U.S.
PYMNTS
FEBRUARY 29, 2016
Contactless spending in the United Kingdom tripled last year to hit £7.75 billion ($10.76 billion) in transaction volume, marking a sharp spike from the £2.32 billion ($3.22 billion) spent in 2014. The growth of contactless spending, which more than doubled in volume than the last seven years combined, comes on the heels of widespread adoption by Transport for London (TfL), which now sees over a million journeys being paid for by contactless methods every day.
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