May, 2017

article thumbnail

MasterCard Brings Tap-To-Pay To Public Transit In 80+ Cities

PYMNTS

Just in time for the summer travel season, Mastercard has announced a series of partnerships in over 80 cities worldwide, which will enable card carriers to tap to pay for public transit. “With a Mastercard in their wallet, more and more people have a go-to transit pass for the city they’re in,” said Ian Slater, senior vice president, enterprise partnerships at Mastercard.

article thumbnail

Top 4 Articles for Treasury and Risk Management

Reval

Want to know what your peers are reading on treasury and risk management ? We thought we would share with you our most popular content from Q1. Top pieces from last quarter included case studies and fact sheets. Discover the content your fellow treasury professionals felt were most helpful, and brush up on your skills for the quarter ahead. Case Study: How Jaguar Land Rover Improved FX Risk Management.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Visa Upgrades Systems To Support 3D-Secure 2.0

PYMNTS

Visa announced Tuesday (May 30) that it is rolling out enhancements to its Verified by Visa service, a global solution designed to make online purchases more secure by helping ensure payments are made by the rightful owner of the Visa account. In a press release, the credit card company said that with the upgrade, financial institutions and merchants would be better able to authenticate consumers and reduce fraud on transactions made via a mobile or desktop browser, app or connected devices.

article thumbnail

Not Down For The Count, Cash Still Counts For Plenty

PYMNTS

Cash is dead? Keep a lid on the casket talk. In the latest webinar series, PYMNTS’ Karen Webster jumped into the findings of the Global Cash Index, gaining a sense of the story behind the numbers in the United States and the Americas in general. In conversation with Cardtronics’ Brian Bailey, managing director for Global Financial Institutions, and Tom Pierce, chief marketing officer of the firm, Webster noted that even with the rallying cry of a war on cash in the digital economies — and in eme

article thumbnail

From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

article thumbnail

Why Smartphones Are The Biggest Payments Innovator

PYMNTS

Innovation is happening at the speed of payments — which, as it turns out, can be pretty fast these days. In this edition of the PYMNTS’ Commander in Chief Series , Western Union President Odilon Almeida shares a day in the life as leader of one of the largest global person-to-person money transfer networks, what smartphones have done for the payments space and why security and compliance are always key in a game where the rules are changing every day.

More Trending

article thumbnail

NEW REPORT: Will The Next Big API Solution Come From A Hackathon?

PYMNTS

When it comes to finding the latest, greatest API solution does it help to invite outsiders into the sandbox? As more companies seek to engage in international trade, API-based solutions are being seen as a way to address some of the frictions that arise with cross-border transactions. The May B2B API Tracker™, a collaboration with FI.SPAN, looks at the challenges companies must address when delving into overseas business and how API-based solutions are helping address these issues.

B2B 72
article thumbnail

Chatbot Tracker: Saving $8B Annually by 2022

PYMNTS

Over the past decade, we’ve seen mobile apps rise to be the go-to item businesses add to their competitive repertoire. With Apple’s App Store and Android’s Play Store becoming major players with developers and businesses looking to expand offerings and make a few extra dollars, mobile apps have appeared to become unstoppable forces.

Retail 68
article thumbnail

Trade Finance To Fuel Blockchain’s Rise This Year, Says IBM

PYMNTS

With so many consortia and internal development teams in play, it’s difficult to assess global banks’ progress on blockchain. But analysts assure progress is being made. Last year, IBM released surveys of 400 financial institutions across the globe to examine exactly how they’re positioned in their journey to develop and release real-world, working blockchain tools.

Finance 67
article thumbnail

Xero Integrates Capital One’s New API

PYMNTS

Xero , the online accounting software company, announced Wednesday (May 10) a partnership with Capital One Financial Corporation to simplify direct bank feeds, credit card data and the bank reconciliation process. In a press release , Xero said the partnership will empower millions of small businesses to make more informed financial decisions. With direct, secure integration through Capital One’s new application programming interface (API), small businesses will be able to connect their Capital

article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

article thumbnail

Mswipe Adds Samsung Pay To All Its Terminals In India

PYMNTS

Mswipe Technologies , India’s largest independent POS merchant acquirer and network provider, announced Tuesday (May 9) it has enabled Samsung Pay at all its terminals across the country. In a press release, Mswipe said the partnership with Samsung Electronics will enable contactless/tap-and-pay-on-the-go facility for Samsung Pay users across all two lac Mswipe terminals in the country.

article thumbnail

Menlo Ventures Closes New Early Stage $450M Fund

PYMNTS

Menlo Ventures , the Silicon Valley venture capital firm, closed a new $450 million venture capital fund aimed at investing in early stage companies focused in the consumer, enterprise and so-called frontier technologies markets. According to a report in TechCrunch , with the new fund, the VC has a total capital of greater than $5 billion under management.

article thumbnail

Bank Of America Branches Into Data Sharing

PYMNTS

Going forward, BoA has announced it will be working with financial data aggregators to give their customers a greater ability to connect their banking information with third-party financial management applications. According to spokesperson Michelle Moore, the move comes as part of the bank’s API strategy that will see banking data utilizing a unique token that takes things like usernames out of circulation.

Banking 63
article thumbnail

Introducing 1-Second EMV

PYMNTS

The problem with EMV for most consumers and merchants comes down to speed, Visa and Index have learned. The change in hand motion didn’t really throw most customers off that much. Moving from a swipe to dip didn’t turn out to be so very fundamentally different from each other – and consumers learned to deal. Waiting, on the other hand – that quickly turned into a problem for both sides of the transaction.

Retail 63
article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

article thumbnail

Can Cannabis Commerce Go Online?

PYMNTS

Though cannabis and its consumption can be a contentious topic, particularly between the U.S. Congress and the sitting attorney general, it is not terribly controversial to note that marijuana and its consumption has gotten much, much more mainstream. As of the most recent surveys, 60 percent of Americans support marijuana legalization. And that support’s breakdown by age cohort might surprise you some.

article thumbnail

First Data To Buy CardConnect For $750M

PYMNTS

As of yesterday, First Data has officially agreed to acquire rival payment processor CardConnect for around $750 million. The deal will reportedly be covered mostly in cash — and will include the repayment of CardConnect’s debt. This buy represents First Data’s biggest acquisition since going public in 2015. First Data handles, on average, $2.2 trillion in monetary transactions each year — meaning calling CardConnect a competitor is likely putting too fine a point on it, since the firm processe

Sales 62
article thumbnail

Using The Blockchain To Bring Banking To Everyone

PYMNTS

Refugees are among the most unique groups of people for whom to enable mobile payments and other financial services. Clearly an acute need is there, but modern banking is built upon knowing one’s customers; and when all refugees have are the clothes on their back, cash in their pocket and a mobile phone in their hand, knowing one’s customer becomes an extremely high bar to jump.

Banking 62
article thumbnail

Cybersecurity Unicorn Steals The B2B Investment Show

PYMNTS

Surprise, surprise: a cybersecurity startup saw the largest funding round of the week by far. WannaCry’s explosive impact on the industry has enterprise security on everyone’s mind, and this startup is now a unicorn because of that attention, closing $100 million in Series D financing. Find out which startup landed the cash, along with the other B2B startups that saw their share of investments this week, below.

B2B 61
article thumbnail

Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

article thumbnail

WEX Loops Into APIs With Crawler2api

PYMNTS

Corporate payments firm WEX is teaming up with Crawler2api to facilitate transactions within Crawler2api’s real-time API services. Their collaboration , announced Tuesday (May 30), will see Crawler2api integrating WEX’s payment solutions; Crawler2api already facilitates transactions that work with the custom APIs it builds. Integrating with WEX means further automation of those transactions, the companies explained.

B2B 60
article thumbnail

Banks And FinTech Startups: At Odds No More?

PYMNTS

Until very recently, the tenor of the relationship between financial services startups and mainstream banking was contentious at best and adversarial at worst. The primary narrative about the future of financial services contributed to a majority of that — the banks were the old way of doing things and up-starts with streamlined business models were threatening to disrupt them right out of the water.

article thumbnail

Ecommerce Fraud To Surge, Says Radial Data

PYMNTS

Credit card fraud is a fact that will likely continue to plague retailers for the foreseeable future. It’s on the rise in the eCommerce arena, according to data released from omnichannel commerce technology and operations company Radial’s eCommerce Fraud Technology Lab. In Q1 of this year, there was a 200 percent increase in credit card testing, up from 2016.

article thumbnail

Easing The Cross-Border Receivable Process 

PYMNTS

For corporate payments — that is, money changing hands between firms — collecting on receivables can be a challenge. Perhaps a rule of thumb can be: the longer the supply chain, the longer the wait for payments. In an interview with PYMNTS’ Karen Webster, Jeff Althaus, executive vice president and general manager at Flywire stated that “if you look at the payables side of the equation, it is much, much easier to send money” than to collect it.

article thumbnail

Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

article thumbnail

Generating Value through Treasury Technology at CLP

Reval

TMI. CLP is committed to implementing best-in-class processes, controls and decision-making across its business, so is its treasury department. As the group continued on its growth trajectory, treasury needed a more robust, scalable treasury management solution to meet its current and future needs, particularly given the fast-changing market and regulatory environment.

article thumbnail

Hackathoning New API Solutions

PYMNTS

For financial institutions investing in application program interface (API) solutions to help customers gain access to new services, it pays to open up the sandbox to others. Several major banks, including Citi and Standard Chartered, recently launched their own APIs to help their various clients access each banks’ financial toolsets to address their individual needs.

B2B 57
article thumbnail

Bitcoin Breaks $1,400

PYMNTS

On Monday, and for the first time ever, bitcoin was worth over $1,400. While the day’s high was $1,422.22 according to CoinDesk , trading at the time of writing was closer $1,413, up 4.88 percent for the day, up 42 percent from the start of 2017 and up a whopping 215 percent from this time last year. If there’s any probable cause for the rise, it’s likely that the SEC recently announced plans to review l ast month’s rejection of the proposed Winklevoss Bitcoin ETF.

article thumbnail

Why Banks — And Corporates — Still Feel The Heat From The SWIFT Hack

PYMNTS

It’s been more than a year since Bangladesh’s central bank was attacked by cybercriminals that took away $81 million by infiltrating the bank’s connection to the SWIFT network. Since then, there have been revelations about similar attacks at FIs across the globe, and the blame game began, with some fingers pointing to the bank’s own employees , North Korea and SWIFT itself.

Banking 57
article thumbnail

Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.