PYMNTS
FEBRUARY 1, 2017
In some ways, Belk department store is the last of a dying breed — and not just because it is a department store in the United States in the year 2017. Small and regional — outside of the Southeastern United States, most people haven’t heard of it. But Belk may have something to teach its more nationalized equivalents, because it is doing something that its counterparts nationwide, by and large, are not.
PYMNTS
FEBRUARY 13, 2017
Enterprise cloud adoption is reaching new heights thanks to maturity of the technology and newfound trust among corporates of cloud infrastructure. A new report by Intel Security , released today (Feb. 13), uncovers some promising trends for cloud technology in the enterprise: Greater trust in the tech overall, especially in public cloud infrastructure, are both apparent in the survey’s results.
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PYMNTS
FEBRUARY 24, 2017
Is there an alternative, profound French phrase or two that can describe what investors have seen this week with bitcoin? Because “déjà vu” no longer seems to cut it. Bitcoin is quickly headed toward fresh three-year highs after jumping up over $100 in value since last week’s tracker. After breaking through the $1,000 mark (again) at the beginning of February, bitcoin decided to stick around.
PYMNTS
FEBRUARY 13, 2017
Standard Chartered is hoping to fuel innovation by giving developers access to banking technology. The bank announced late last week that it is rolling out the Open Banking API Developer Portal that will enable developers to play around with banking technologies, first with a focus on transaction banking and cash management. Standard Chartered said it will look to wield the solutions created by developers on the platform for the bank’s own businesses.
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
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PYMNTS
FEBRUARY 9, 2017
Consulting firm Capgemini has launched a new platform for banks to provide services compliant with the new Payment Services Directive of the European Union. An announcement Wednesday (Feb. 8) said the company is rolling out its PSD2 Open Banking Solution, aimed at reducing the cost of compliance to PSD2 regulations. Payment service providers and financial institutions, which have until Jan. 2018 to comply with the new rules, are at the same time pressured to promote innovation and enable faster
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
PYMNTS
FEBRUARY 16, 2017
Considering the mind-bending level of competition in the FinTech space today, the rise of the API may raise some eyebrows. After all, if a company has worked so hard to develop some type of financial technology, why would they want to lend that technology out to just about anyone? But the rollout of APIs from financial services and technology giants like Standard Chartered and Citigroup is a chance for the FinTech space to achieve greater levels of collaboration and innovation.
PYMNTS
FEBRUARY 2, 2017
The predictions have been dire. Banks will be wiped out by nimble FinTech firms, intent on luring away consumers and corporate customers and the payments that come with them. But it need not be so. In an interview with PYMNTS’ Karen Webster, FI.SPAN’s founder and CEO, Lisa Shields, said that FinTech may be revolutionizing banking and the way payments are done — but it can help banks hang onto and even grow their commercial B2B business footprints.
PYMNTS
FEBRUARY 24, 2017
Any industry dealing with sensitive information is subject to potential breaches. With practically every industry in the world having finance intertwined in it for survival, financial records may be one of the most vulnerable areas for virtual break-ins. As such, there will likely always be some form of a well-manicured security system in place. Blockchain technology keeps a high level of detail in its records of all financial transactions made.
PYMNTS
FEBRUARY 24, 2017
American Express is readying the launch of a corporate payments platform in India, reports said Thursday (Feb. 23). Amex will launch the Buyer Initiated Payment platform in India this week, a move that aims to help businesses pay their suppliers on time while still extending their capital float, according to reports. The platform is also a response to India’s recent demonetization and subsequent increase in demand for electronic payment solutions. “This will not only ensure complete
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.
PYMNTS
FEBRUARY 16, 2017
Singapore is changing its rules on venture capital in an effort to support economic growth, reports said this week. According to Bloomberg , the Monetary Authority of Singapore published a new consultation paper that revealed new and existing venture capitalists will no longer be subject to the same rules that apply to fund managers overall, including capital requirements and business conduct regulations.
PYMNTS
FEBRUARY 24, 2017
As hackers continue to advance their malicious tactics, it’s no surprise that increasingly sophisticated cyberattacks and fraud are costing business big time. In this week’s Hacker Tracker , Simon Ragona III, director of data forensics at T&M Protection Resources , joined PYMNTS to discuss if tapping international law can actually help to keep cybercriminals at bay.
PYMNTS
FEBRUARY 24, 2017
Virtual reality (VR) and augmented reality (AR) are two of the latest buzz phrases making headlines and gaining interest in a variety of industries. Though the technologies still haven’t reached a level of mainstream usage or acceptance, that hasn’t slowed down the number of companies and sectors looking to utilize VR/AR to transform customer experiences.
PYMNTS
FEBRUARY 6, 2017
Vending machines aren’t about soda and salty snacks anymore — even if, at the consumer level, that’s what most people think of when they think about the technology. And vending machine operators are behind that mental reset as they contemplate their own futures since vending machines no longer have to be about junk food bought with cash. “The wave of vending operators that are embracing cashless and mobile continues to roll through the sector because there is a lot of evidence that consumers lik
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.
PYMNTS
FEBRUARY 6, 2017
The bank is an institution that has survived centuries. But nothing survives that long in immutable form. Consider the musty vaults housing gold and notes, parceled out by appointment, transforming (rather quickly in the here and now) into digital dollars in digital wallets. The branch and teller and service stellar are not enough to keep a steady patter of traffic in to keep the real estate paying for itself.
PYMNTS
FEBRUARY 14, 2017
Chase Merchant Services, the global payment acceptance and merchant acquiring business division of JPMorgan Chase & Co., just recently announced that veteran financial services executive Valeria Strappa has been named the new chief administrative officer. Matt Kane, CEO of Chase Merchant Services, said in a press release: “Val will be exceptional in helping lead our global and growing business, with her professional experiences, international background, and competitive spirit.”.
PYMNTS
FEBRUARY 24, 2017
Reuters reports that the nation’s securities watchdog is in the midst of mulling a “shortcut” that would offer some of the biggest tech firms in China a way to bring their shares public in a fast-tracked manner. In other words, they’d get to list sooner rather than later. And if they get sped to market, so to speak, they’d leap ahead of what the newswire termed “a long list of applicants” already in the offing for listing via exchanges, a heady number that tops 700.
PYMNTS
FEBRUARY 3, 2017
Bitcoin’s value just broke $1,000. Again. And then went below. Again. Then up and down again. (Anyone else feeling seasick?). Following relatively flat growth through the end of January (by cryptocurrency standards, anyway), bitcoin’s value spiked, breaking $1,000 to reach a high of $1,003.92 in Thursday afternoon trading. At the time of this writing, bitcoin sat tenuously at $1,000.73, up 1.36 percent for the day.
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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.
PYMNTS
FEBRUARY 6, 2017
Is retail just the land where shelves are stocked with goods, where salespeople appear at your elbow to inquire about your quest to buy? Is retail the purview of the buy button, the screen, and should it be defined as tied to the big screen (laptop) or small screen (smartphone)? Consider how retail has evolved over the past 20 years, with bricks and mortar facing an existential crisis in terms of small firms versus big-box stores such as Walmart.
PYMNTS
FEBRUARY 2, 2017
Combating cyberfraud is a “balancing act,” says Sift Science, a fraud detection software company. And the number of things corporations have to juggle to safeguard their data — from the numerous types of fraud to the copious technologies that combat it all — mean cybersecurity is no easy task. Sift Science has just released its latest research on how businesses combat security threats, and its report, published last week, offers insight into how the issue of cybersecurity takes many shapes withi
PYMNTS
FEBRUARY 6, 2017
Taking a page from JPMorgan Chase, Wells Fargo has inked a data exchange deal with Intuit in which Intuit customers can import their account data without having to provide their username and password. According to a report , Wells Fargo is using a secure API that communicates between the servers of the two so that Intuit customers don’t have to share their Wells Fargo information to get their data uploaded into Intuit programs, including QuickBooks, Mint and TurboTax.
PYMNTS
FEBRUARY 3, 2017
SWIFT is putting the pressure on its members to enhance their cybersecurity capabilities, according to reports by SC Magazine. According to the publication, SWIFT is encouraging and, in some cases, threatening its member banks to deploy more sophisticated cybersecurity measures. The efforts follow last year’s high-profile cyberattack in which thieves stole $81 million from the Bangladesh central bank by infiltrating the SWIFT network.
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
PYMNTS
FEBRUARY 22, 2017
As the European Banking Authority (EBA) prepares for the Revised Payments Systems Directive ( PSD2 ) to come into effect next year, it has reportedly changed its tune on one aspect of the rules that led to widespread criticism among online merchants. Reports Tuesday (Feb. 21) said the EBA has agreed to relax proposed rules that would require more stringent customer authentication measures for online sellers after industry players raised concerns that the rules would lead to abandoned checkouts a
PYMNTS
FEBRUARY 22, 2017
The biggest retailer in the world showed some things a bit surprising Tuesday (Feb. 21). Speed. And agility. As in, the company is gaining traction in its bid to be a bit nimbler, a bit more digital and a bit more alluring to shoppers even in its brick-and-mortar locations. One quarter’s results do not a trend make, but earnings were better than expected at $1.30, a penny ahead of The Street, and revenues were just shy of expectations, at $130.9 million versus the $131 million that had been proj
PYMNTS
FEBRUARY 17, 2017
From PayPal to Venmo, Google Wallet, Amazon Payments and more, there are a myriad of ways money is processed during transactions around the world. One of the most trusted and reliable ways may be through bank account transfers. As such, there’s a need to simplify all of these complex finance routes, and blockchain technology seems to be the anchor for this.
PYMNTS
FEBRUARY 16, 2017
Payment with a connected device requires hardware, of course, at the point of payment. And till now, most often the point of payment required a specialized bit of hardware. Usually on a merchant countertop. . But in an initiative dubbed “The Genius of Things” Visa and IBM IoT platform – which includes Watson – announced today that they will bring smarter POS functionality – and Visa card acceptance – to any device that’s connected to the Internet. .
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.
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