Sat.Nov 07, 2020 - Fri.Nov 13, 2020

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Zest AI CEO: Artificial Intelligence Is Reshaping Lending and Credit

PYMNTS

The use of artificial intelligence (AI) and machine learning (ML) isn’t some futuristic idea. It’s here now and being used to make good banks better — whether to eliminate discrimination in lending decisions, add stability to existing screening systems or drive loan growth and profits. “It’s not an idea, it’s not a postulate. It is a fact — and we can prove it,” Zest AI CEO Mike de Vere told PYMNTS in a recent interview.

Math 138
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Anaplan Awarded Top Prize by HRM Asia for its HR & Data Analytics Solution

Anaplan

The experts have spoken! The Anaplan team is thrilled to announce that we have been awarded the top (Gold!) prize in the “HR Tech—HR Data & Analytics Solution” by HRM Asia. View the HRM Asia Readers’ Choice Awards 2020 article and register for our webinar (December 2nd, 2020 @11am SGT) to see how our HR […].

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Medical Equipment: Rent or Buy?

Adam Kae

Exploring the Great Divide. There are many decisions you make when you launch your practice. You're making sure you spend and save where it matters. When it comes to buying or renting, there are a few special considerations you should make. You might change your mind depending on: Your Specialty. The Number of Patients You Traffic. Your Brand. Your Growth Plan.

Finance 52
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Book Review: The Joys of Compounding

CFA Institute

The Joys of Compounding offers new opportunities to learn and re-learn critical lessons that will make us better investors and individuals.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Payments Canada Partners With Mastercard’s Vocalink To Advance Real-Time Rail

PYMNTS

Payments Canada is teaming up with Mastercard’s Vocalink for clearing and settlement for the country’s new real-time payments system, the Real-Time Rail (RTR). Delegated by the Canadian Government, Payments Canada is responsible for the clearing and settlement infrastructure, processes and rules. The RTR is the foundation of Payments Canada’s plans to modernize the payments infrastructure in the country. .

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The pandemic to impact employee health benefits for years to come

Future CFO

Disruption to the delivery of healthcare and lasting changes to work patterns resulting from the coronavirus pandemic will have a major impact on both the cost and design of employer-provided health benefits, said Mercer Marsh Benefits recently when releasing a new report. The sixth annual, MMB Health Trends: 2020 Insurer Survey indicates that 68% of insurers expect increased medical claims driven by COVID-19 diagnostics, care and treatment.

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Systemic Climate Risk and West Coast Wildfires

CFA Institute

Is 2020 the watershed year when the world begins to understand the concept of systemic risk in our interactions with the natural environment?

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i2c President Says Blockchain Will Unlock Cryptocurrency

PYMNTS

Cryptos are having a moment. Scan the headlines over the past few weeks and cryptos, well beyond the marquee bitcoin, are making inroads into mainstream consumer and business activities. PayPal is opening its network to allow consumers to shop using cryptocurrency. Square bought $50 million of bitcoin. J.P. Morgan said late in the month that it has gone live with JPM Coin.

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Bitcoin Daily: Bitcoin ATM Installations Jump By 85 Pct; Argentinian Lawmaker To Introduce Crypto Bill

PYMNTS

The count of bitcoin ATMs has jumped this year, rising by 85 percent to just under 11,800, CoinDesk reported. The border-free network of bitcoin allows for money to be easily moved in any amount internationally, according to the outlet, which noted that the rise in bitcoin ATMs shows that the digital currency is becoming more and more popular as a method of payment.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Salesforce Rolls Out Revenue Cloud To Simplify B2B Functions

PYMNTS

Salesforce has rolled out its new Revenue Cloud product, which will work to simplify B2B purchasing for customers, according to a press release. Revenue Cloud, according to the release, will work to bring together configure, price, quote (CPQ) and billing, partner relationships and B2B commerce capabilities in order to consolidate services and streamline the process overall.

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PPP Fraud Reveals New Need For Banks To Use Geolocation Data

PYMNTS

Government-benefits fraud runs at about 10 percent even during normal times, but now that the pandemic has exponentially increased U.S. federal stimulus spending, the level of theft is on the rise, too. . “I think bad actors and fraudsters always follow the money,” Elizabeth Cronan , vice president of government relations at geolocation-based fraud prevention firm GeoGuard recently told PYMNTS. .

Banking 123
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COVID-19 Breathes New Life Into QR Codes

PYMNTS

Up until recently, QR might have been an acronym for: Quaint Relic. In the United States, anyway. The QR code is shorthand for the “quick response” barcode that was first designed in 1994, and which initially surfaced in Japan. QR codes had made some inroads here and there, and yet did not become the go-to repositories of data and information – scannable, naturally, across mobile devices – that some had predicted.

Leverage 122
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ECB’s Lagarde Says Digital Euro Could Launch In 2 To 4 Years

PYMNTS

Christine Lagarde , European Central Bank (ECB) president, said the ECB could make its own digital currency within a few years, which could change up the eurozone financial sector drastically, Bloomberg reported. It could be "two to four years" before the launch of any such currency, Bloomberg reported, because such an undertaking concerns issues like money laundering, privacy and the technology involved.

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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

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Report: Strategic Payment Investments Give FIs, FinTechs Innovative Payment Options

PYMNTS

There is no denying that the COVID-19 pandemic has rapidly accelerated the global shift toward digital commerce. Safety-minded consumers the world over can now be seen tapping contactless cards, scanning QR codes or utilizing voice ordering technologies to make purchases without potentially putting themselves or others at risk of contracting the virus.

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Amazon Rewards Program Offers Its Flex Drivers Perks, Discounts

PYMNTS

Amazon is taking steps to make life a little easier for the many drivers who comprise the Flex force that use their own vehicles to deliver packages. CNBC reported that Amazon quietly launched a program called Flex Rewards last week. "Delivering with Flex just got more rewarding," an Amazon website for drivers proclaimed. Amazon's Flex Rewards program lists incentives, including up to 6 percent cash back on fuel purchases; 2 percent cash back on Amazon.com and Whole Foods Market purchases; 1 per

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JP Morgan: Treasury Innovations Accelerate Digital Transformation

PYMNTS

The great digital shift has exposed some glaring inefficiencies in corporate back offices. Treasury departments need to modernize as they grapple with the pandemic — streamlining the way cash is handled, how strategic decisions about cash flow are crafted and how payments are made. The trend is away from paper, but true digitization does not stop there.

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Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments

PYMNTS

Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. For financial service providers, instant payments offers a chance to open up new revenue streams and develop new services for corporate clients.

B2B 117
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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.

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Amazon Opens Three More Brazilian Logistics Hubs

PYMNTS

The eCommerce surge generated from the COVID-9 pandemic has prompted Amazon to open three additional logistics hubs in Brazil, according to a report in Reuters on Monday (Nov. 8). The new centers are operating in Minas Gerais, Rio Grande do Sul and Brasilia, the country’s capital, and increase the number of Amazon logistics hubs in Brazil to eight. .

eCommerce 115
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An Open Road For Open Banking?

PYMNTS

In banking, collaboration — between the traditional players like banks and the tech savvy FinTechs bringing a slew of new apps to market — is key. Increasingly, open banking will underpin that collaboration. Nearly three years after the introduction of the second Payment Services Directive ( PSD2 ) in the U.K., there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom.

Banking 114
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Wells Fargo Seeks Bidders For Private-Label Credit Card Unit

PYMNTS

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. The banking group has started reaching out to possible bidders, but still hasn’t made a definitive decision as to whether it will actually sell the unit, which specializes in store-branded credit cards, according to a Bloomberg report.

CFO 114
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Bitcoin Daily: BitPay Unveils Crypto Mass Payout Service; BOE: Stablecoins Not Fit For Wide Use

PYMNTS

Crypto payment services provider BitPay has unveiled a new mass payout offering, BitPay Send, which lets entities of different sizes make payments to workers, clients, affiliates, suppliers, contractors and others with digital currency, according to a Thursday (Nov. 12) announcement. AdGate Media is among the first firms to harness BitPay Send, the announcement noted.

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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.

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Visa Unveils FinTech Partnership Program In Europe

PYMNTS

Visa is rolling out a new initiative aimed at connecting European financial institutions and merchants with cutting-edge digital payments services. Fintech Partner Connect will “support new ways for businesses and consumers to seamlessly and securely pay, get paid, send money and more,” a spokesperson for the credit card and financial services giant said in an email announcing the new program on Visa on Wednesday (Nov. 11).

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Cooler Screens Brings New Look To Retail Innovation

PYMNTS

For most of us, a stroll down the chilled or frozen food aisle in the supermarket is essentially an in-store version of window shopping. But for Chicago-based Cooler Screens , all those clear refrigerator doors are a potential goldmine. “We are taking advantage of unused capacity,” Cooler Screens Chief Technology Officer Rob Dravenstott told PYMNTS in a recent interview.

Retail 110
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WEX’s Dearborn Says B2B Payments Has Reached Tipping Point

PYMNTS

When it comes to the scope of changes that businesses have implemented in the past seven months of COVID-era adaptation, characterizing the digital shift as a mere “acceleration” would be an understatement. “I think when the pandemic hit in early March, it really put a gun to the head of many companies by taking what have been Byzantine processes around accounts payable or accounts receivable and moving to much more digital means,” Jay Dearborn , president, corporate payments of WEX Inc. , told

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Hundreds Of Probes Into PPP Loan Fraud Have Been Opened

PYMNTS

The federal Paycheck Protection Program (PPP) designed to blunt the economic impact of the pandemic is beset by extensive instances of fraud, The Wall Street Journal (WSJ) reported, attributing the conclusion to public records and interviews with government officials. The program provided about $525 billion to 5.2 million businesses. Banks administered the loans on behalf of the government and were not required to ensure that applicants were telling the truth about their financial situations.

Treasury 108
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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.