PYMNTS
JULY 10, 2018
Entrepreneurs are, as a rule, pretty excited about their ideas. They almost have to be, since the journey from idea to instantiation is arduous under the best circumstances. Only a true believer is likely to ever make it across the finish line, as the less convicted and committed are more than likely going to be worn down and out by the process itself.
Anaplan
JULY 12, 2018
For companies that employ salespeople, figuring out how to compensate them is an ongoing challenge. There are a host of variables that need to be taken into account—products, customers, geography, competitors, and performance history, among others—all of which can change rapidly, and all of which can be complicated.
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PYMNTS
JULY 9, 2018
After Macy’s cyber tools detected suspicious logins on June 11, the retailer is warning customers about a data breach. The retailer said that a threat targeted the profiles of customers for nearly two months, Detroit Free Press reported. In a letter to its eCommerce customers, Macy’s said that a third party was behind the suspicious activity, and that party had received information from a non-Macy’s source.
PYMNTS
JULY 9, 2018
Retailers face a challenge when it comes to offering warranties for their customers: A warranty program can take months to set up and launch. But offerings such as Mulberry Platform seek to dramatically speed up that timeline to under a day. “We want the retailers to be able to a launch a best-in-class warranty option in less than an hour,” Mulberry Platform Co-founder Chinedu Eleanya said in an interview with PYMNTS.com.
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
JULY 13, 2018
As Facebook continues its forays into commerce, the company has filed a patent for a messaging bot that enables users to pay for items. The patent , which is called “Processing Payment Transactions Using Artificial Intelligence Messaging Services,” details a bot that can understand and reply to the requests of users, CB Insights reported. An illustration for the patent details a chat between a consumer and a coffee shop bot.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
PYMNTS
JULY 10, 2018
Mastercard and EU FinTech Strands are collaborating on a cash management and corporate payments platform for banks, designed to address small business (SMB) needs. A press release on Monday (July 9) said the companies are deploying artificial intelligence (AI) technology, Strands Business Financial Management ( BFM ), to develop the solution, enabling small businesses to forecast cash flow, analyze finances and gain personalized recommendations on services from their banks.
PYMNTS
JULY 12, 2018
Target has brought its Drive Up service to 200 additional stores in the Midwest and select states with its latest expansion of the service. Drive Up allows consumers to order products through Target’s mobile app and pick them up outside a Target store, the retailer said in an announcement. The service is available in markets such as Chicago, Indianapolis and Columbus, and with this expansion, Drive Up is available at more than 800 brick-and-mortar locations in 25 states.
PYMNTS
JULY 10, 2018
Car dealers and auto groups want to put their vehicles on the information superhighway – and for good reason: According to a report from Bain & Company , nearly half of car buyers begin their process online. And consumers may prefer car dealerships that offer eCommerce options: Seven out of 10 consumers are more likely to choose a dealership that offers online car buying, according to car buying platform Roadster.
PYMNTS
JULY 9, 2018
In the land of startups, and valuations of startups, it’s all about the Benjamins. And the bots. And the Benjamins that can be made from bots…. The much-storied tales about tech unicorns, those young firms that have logged valuations of at least $1 billion, got a new chapter on Monday, after California firm Automation Anywhere stated that it had raised $250 million in a fundraising round from the likes of Goldman Sachs and others.
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
JULY 11, 2018
The Internet of Things (IoT) cybersecurity solutions market is poised to hit $6 billion globally by 2023, according to a new study from Juniper Research. In a press release highlighting the new research, Juniper Research said that spending by product and service providers and end customers will rise close to 300 percent from now until 2023. “The interconnected nature of the IoT means that even innocuous devices like the connected fridge can become a threat.
PYMNTS
JULY 10, 2018
Following a positive reception from customers , Nordstrom Local announced two more Los Angeles locations for its hyperlocal retail concept. One store will be 1,200 square feet and located in Brentwood, while another will be a 2,200-square-foot store in the city’s downtown area. The concept may also expand to New York City, Fast Company reported. “We’ve got a young customer base that’s very engaged with our brand,” Ken Worzel, Nordstrom’s chief digital officer and Nordstrom.com president, told F
PYMNTS
JULY 9, 2018
Verifone , the payments company, announced on Monday (July 9) that its Chief Executive Officer Paul Galant has decided to relinquish his role effective as of the close of the previously announced deal with Francisco Partners. In a press release , Verifone said the transaction is expected to close during the third quarter. At that point, Michael Pulli, formerly CEO of Pace Plc until its acquisition by ARRIS Group, will become CEO.
PYMNTS
JULY 9, 2018
Google Pay is getting an overhaul with a new user design being launched on Monday (July 9), reported BGR. According to BGR, Google Pay is the new name for Android Pay, Google’s digital payment service. With the new interface, users of Google will be able to check out a Hub page to see the latest announcements and trending games on its Play Games app.
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
JULY 10, 2018
Google Pay is rolling out new features that, among other things, let users send and request money, through the merging of the Google Pay and Google Pay Send apps. In a blog post on Tuesday (July 10), Product Management Director Gerardo Capiel said that a slew of updates, which have just started rolling out, allow users in the United States to send and request money using the Google Pay app, a feature that will soon debut in the United Kingdom.
PYMNTS
JULY 13, 2018
Women’s relationship with money in the United States has been something of an evolving area in the 242 years since Thomas Jefferson declared America’s independence with the phrase “all men are created equal.”. In those days, women could not control bank accounts, own land, write wills or checks, or inherit property of their own except by special dispensation from a magistrate.
PYMNTS
JULY 11, 2018
Oprah Winfrey is becoming a restaurateur. As of today, the international media titan has announced an investment in True Food Kitchen , a healthy eating startup based out of Houston. True Food Kitchen’s bread and butter, so to speak, is sustainable, local and organic dining. It was named the 2018 emerging restaurant by data firm Fishbowl. The size of Oprah’s equity investment is unknown, but apart from money, she is offering her literal presence – she will be joining the brand’
PYMNTS
JULY 10, 2018
Order has returned to the universe, balance has returned to the force and the world makes sense again. The International House of Pancakes is back, as the experiment of International House of Burgers has come to an end. The restaurant, famous for its breakfasts, flirted with becoming IHOB as an attempt to promote its burger offerings. But thankfully for eaters of the most important meal of the day, the experiment/publicity stunt has drawn to a close.
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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
JULY 7, 2018
PYMNTS may not have the greatest sports experts in the world, but even we understood the big deal concerning the addition of Lebron James to the L.A. Lakers lineup, and the context of NBA basketball for next season. But why let one big add overshadow the many significant pickups in our favorite sport — as well as payments and commerce? Last week almost dazzled with big adds.
PYMNTS
JULY 13, 2018
Exploding interest in smart cars and autonomous vehicles isn’t just changing the way the average consumer drives. The fleet management market is slated to see a $28.66 billion market valuation by 2022, driven by the need for greater efficiency, and connected vehicles have become a gateway to sophisticated management and analysis of fleet operations for managers seeking greater control and reduced costs.
PYMNTS
JULY 9, 2018
The problem with fighting fraud — according to GIACT EVP of Product David Barnhardt in this week’s edition of the PYMNTS Topic TBD — is how much information fraudsters have at their fingertips about regular consumers. Between the Equifax hack last year, the Exactis hack last month and the thousands of other data breaches, big and small, that happened between them (not to mention before them), the average American consumer can rest assured that some or all of their personal data is floating aro
PYMNTS
JULY 9, 2018
Consumers can be an impatient bunch, and that becomes pretty clear when the conversation turns to insurance checks and other corporate disbursements. But what would happen if faster disbursements were combined with a (peer-to-peer) P2P service that is striving for more bank partners and customers? That was the subject of a recent PYMNTS interview with Drew Edwards, CEO of instant money network Ingo Money , and Lou Anne Alexander, group payments president of the bank-owned Early Warning , which
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
JULY 13, 2018
The pace of payments is getting faster — because the demand and expectations are on the rise. Gig workers and those living paycheck to paycheck need access to their funds, SMBs can’t grow without them and, all around the world, governments are hearing the call and pushing to ramp up the pace. With billions of connected devices flooding the market, the pace of change is only getting faster.
PYMNTS
JULY 10, 2018
On Tuesday (July 10), L Catterton Asia, the Asian unit of consumer-focused private equity firm L Catterton , and Chinese retailer JD.com announced a strategic partnership with Secoo Holding Limited, one of Asia’s online integrated upscale products and services platforms. Through the partnership, L Catterton Asia and JD will invest $175 million in Secoo, the companies said in a press release.
PYMNTS
JULY 10, 2018
Now that Whole Foods is part of the Amazon family , it probably comes as no surprise that it is joining the Prime Day party. In addition to the tiers of savings Whole Foods has been rolling out to Prime members over the last several months, a new addition is coming to the Prime goodie bag. This year, in celebration of the shopping holiday that Amazon invented, Prime members will get a $10 Amazon gift card for shopping at Whole Foods during the 36-hour shopping extravaganza.
PYMNTS
JULY 10, 2018
The U.S. Securities and Exchange Commission (SEC) announced on Tuesday (July 10) that it has charged the former chief executive of Heartland Payment Systems with insider trading. According to the SEC , Robert O. Carr, the former CEO of the payment processing company, and his longtime girlfriend, Katherine M. Hanratty, engaged in insider trading. Specifically, Carr provided Hanratty with confidential information about a potential acquisition of Heartland Payment Systems by another payment process
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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