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SEPTEMBER 27, 2018

Western Union is reportedly considering a sale of its business payments operation, unnamed sources told Bloomberg on Wednesday (Sept. 26). The sources said a deal could give Western Union a $500 million boost, and that the institution plans to start discussing a sale with potential buyers in a few weeks. They noted, however, that Western Union has not definitively decided to sell its business payments unit and that its plans remain confidential.

Sales 79

Sales B2B Foreign Exchange Valuation 79

Anaplan

SEPTEMBER 27, 2018

If you’re like most sales leaders, you spend a lot of time thinking about quotas and how hard they are to get right. At the very least, you set sales goals and hope that the sales team meets them.

Sales 49

Sales 49

PYMNTS

SEPTEMBER 27, 2018

Origins are all the rage in modern life: origin stories, family origins via DNA and digital ancestry databases. Add to that Walmart ’s latest effort to gain more grocery market share: using blockchain technology to trace the origin of the food sold by the retailer back to the farms from which it came. The idea is to introduce more transparency into the process, which could serve to prevent outbreaks of foodborne illnesses and encourage consumer trust of the grocery goods on Walmart shelves.

Retail 78

Retail B2B Currencies Technology 78

PYMNTS

SEPTEMBER 24, 2018

Digital commerce channels are presenting new opportunities for bad actors, making cybercrime a colossal problem for companies of all sizes. All told, U.S. businesses and consumers lost more than $1.4 billion in 300,000-plus reported cyberattacks last year, according to the Federal Bureau of Investigation (FBI). Perhaps more troubling, however, is digital fraud’s projected future.

Securities 78

Securities Accounting Investments Startups 78

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

Investments

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SEPTEMBER 24, 2018

What can you say about a cryptocurrency that shows a meteoric rise, surging more than 80 percent in a day? That maybe … you wished you had some in hand? Beyond that, we’re talking about cryptocurrencies, so the question must be posed, as always, when separating hope from hype: Is it different this time? That means looking into not just “what” happened, but also “why” it happened.

Currencies 76

Currencies Banking Marketing Securities 76

PYMNTS

SEPTEMBER 24, 2018

Whether in Australia, India, Europe or the United States, mobile phones aren’t just driving interconnectivity, but are the key channel driving innovation in payments and commerce. Still, even in this digital world, where everyone and everything is connected via mobile, going global can be tough for a company looking to expand its operations abroad. Payments landscapes in different regions can vary greatly, and to succeed, businesses need to know the ropes.

Leverage 76

Leverage Economics Marketing Technology 76

PYMNTS

SEPTEMBER 26, 2018

The latest corporate banking offering by Citi aims to virtualize treasurer accounts for more personalized, streamlined services. The bank said in an announcement Tuesday (Sept. 25) that it is rolling out Citi Virtual Accounts for institutional clients. The tool lets corporate customers segregate balances within their physical accounts into virtual ones, which can offer enhanced receivables, payments and liquidity management.

Accounting 75

Accounting Reconciliations Treasury Currencies 75

PYMNTS

SEPTEMBER 28, 2018

To allow ATM operators and acquirers to use Dynamic Currency Conversion (DCC) around the world, Visa is growing its Visa/Plus ATM services and updating its rules. The changes will become effective in mid-April of next year, Vending Times reported. Through DCC, which is an optional offering, an acquirer, merchant or ATM operator gives cardholders a choice: They can make a transaction in their home currency or the local currency.

Currencies 74

Currencies CFO Numbers Accounting 74

PYMNTS

SEPTEMBER 26, 2018

Stripe, the payments startup, has raised $245 million in a new round of venture funding, giving the company a valuation of $20 billion. According to a report in a tech outlet , citing the payments company, the round of fundraising was led by Tiger Global Management and included new investors DST Global and Sequoia. Existing investors Andreessen Horowitz, Kleiner Perkins, Khosla Ventures, General Catalyst and Thrive Capital also participated in the round.

Valuation 73

Valuation Startups Economics Investments 73

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.

Accounting

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SEPTEMBER 26, 2018

Square has announced the launch of the Square Payroll App , a self-serve tool that makes it easier for employers to manage the payroll process. With this new app, employers can go from signup to sending a pay run within minutes, with features including push notifications and automatic payroll. “And the app’s mobile-first design offers an elegant, seamless experience across both the Payroll App and on desktop.

Accounting 73

Accounting Numbers Banking 73

PYMNTS

SEPTEMBER 27, 2018

Alibaba Group announced Thursday (September 27) that it signed up with Banking Circle to use its infrastructure and global network for digital payments. In a press release , Alibaba said the partnership with Banking Circle showcases the effectiveness of Banking Circle being a provider of mission-critical infrastructure for online cross-border payments.

Banking 73

Banking Foreign Exchange B2B Technology 73

PYMNTS

SEPTEMBER 25, 2018

Easy come, easy go? For XRP, the maxim holds true into a new week. Bulls are no doubt looking wistfully at last week’s action, when the price rose more than 100 percent and headlines held promise over XRP’s adoption into (a bit) more mainstream, everyday financial life. As of today (Sept. 25), the price has fallen by more than 18 percent, rebounding a bit and trading at about 46 cents.

Startups 73

Startups Sales Banking Marketing 73

PYMNTS

SEPTEMBER 24, 2018

Before Ankush Sehgal co-founded Try.com , he saw the benefits of try-before-you-buy with his family’s luxury discount store that sold high-end designer brands in London. As was common for luxury retail shops, the store had a black book of VIP customers. Each time a new collection would come into the store, Sehgal’s family would send them VIP items that they might like.

eCommerce 73

eCommerce Retail Numbers Sales 73

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.

Accounting

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SEPTEMBER 25, 2018

Fusion Risk Management is expanding its corporate risk management software offering by integrating new functionality into the tool, the company said in a press release on Monday (Sept. 24). The updates include connectivity with third parties, allowing its Fusion Framework System users to engage with their suppliers and other third parties in supply chains to streamline the vendor risk assessment process.

Risk Management 73

Risk Management Securities Technology B2B 73

PYMNTS

SEPTEMBER 25, 2018

eBay announced on Tuesday (Sept. 25) that it has started managing payments on its Marketplace platform in the U.S. In a press release , the company said that earlier this year, it announced plans to intermediate or manage the payments flow on its platform, and that it has now started doing that. “The introduction of eBay’s new payments experience in the U.S. marks a significant milestone in our managed payments journey,” said Steve Fisher, senior vice president of payments at eBay.

eCommerce 72

eCommerce Sales Planning 72

PYMNTS

SEPTEMBER 26, 2018

Circle announced on Wednesday (Sept. 26) that, along with the CENTRE open source consortium, it has launched a service to tokenize U.S. dollars and use them on public blockchain on the internet. In a company blog post , Circle said individuals and institutions can enroll in the service to deposit U.S. dollars from bank accounts, convert those into tokens and redeem USDC tokens and cash them out to bank accounts.

Auditing 72

Auditing Compliance Communication Leverage 72

PYMNTS

SEPTEMBER 24, 2018

After its controversial Colin Kaepernick ads appeared earlier in September, the market value of Nike has grown by $6 billion. All in, the retailer’s stock has risen by 36 percent during the year, with 5 percent of the gain occurring after the release of the ads, Fortune reported. Riley FBR Chief Market Strategist Art Hogan said of the move, according to reports, “I don’t think they just randomly decided to put this ad out, thinking, ‘Let’s commit political-correctness suicide.’ Peopl

Marketing 72

Marketing Retail Sales Numbers 72

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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.

Reconciliations

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SEPTEMBER 27, 2018

Want to understand payments innovation in Latin America ? First, let’s talk about ingredients — as in food. Imagine a shopping bag full of common ingredients, the staples that are familiar and affordable for a wide range of consumers. Consider all the ways in which those common ingredients can be combined into a tasty dish — a few tweaks here and there, resulting in something totally different than what someone down the street might create in their own kitchen.

Transportation 71

Transportation Banking Treasury Economics 71

PYMNTS

SEPTEMBER 24, 2018

Lease-to-own services are making a comeback with eCommerce retailers. Overstock.com is bringing a lease-to-own purchase option to its financial service offerings. The option, provided by Progressive Leasing , allows customers to lease products for as long as a year and is available for over three million products on the retailer’s website. Overstock.com is no stranger to offering financial services — it already provides credit cards, lending, investments and insurance services to its customers

eCommerce 70

eCommerce Retail Currencies Finance 70

PYMNTS

SEPTEMBER 24, 2018

Commercial card startup Brex is seeking unicorn status with its next funding round, The Wall Street Journal ( WSJ ) reported Friday (Sept. 21). Unnamed sources told the publication that DST Global is set to lead the firm’s next funding round, which could push its valuation to $1 billion. Brex, founded by two Brazilian entrepreneurs, emerged on the market as a FinTech issuing corporate cards to other startups.

Startups 70

Startups Valuation CFO Investments 70

PYMNTS

SEPTEMBER 25, 2018

Google is working on using QR codes to allow its users to send peer-to-peer (P2P) payments. While Google Pay already enables P2P payments, XDA-Developers revealed that the company is adding support for QR codes to make that process a bit easier, at least if a user needs to pay someone they just met and make a quick transaction. With the addition of QR codes, users would be able to send money by scanning each other’s smartphones.

Securities 69

Securities Accounting Planning 69

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

Sales

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SEPTEMBER 27, 2018

Chegg , a technology giant specializing in textbook rental, suffered a data breach affecting around 40 million customers. According to CNBC , Chegg’s shares fell more than 12 percent on Wednesday (September 26) after the news broke. The breach, which happened in April but was only discovered a week ago, was revealed in a filing with the Securities and Exchange Commission.

Securities 69

Securities Financial Data Accounting Planning 69

PYMNTS

SEPTEMBER 26, 2018

California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. 26) that they have reached a settlement with Uber Technologies Inc., in which Uber will pay $148 million to resolve allegations that it violated state laws pertaining to data breach reporting. In a press release , the two AGs said the settlement also covers charges that Uber violated reasonable data security laws with its 2016 breach of driver and customer information.

Securities 69

Securities Accounting Technology 69

PYMNTS

SEPTEMBER 25, 2018

To paraphrase a certain defense secretary from earlier in the millennium: There are known unknowns and unknown unknowns. When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? A report by the Bank for International Settlements (BIS) found that when it comes to credit done through nascent technological platforms, boons and risks are afoot.

Banking 68

Banking Invoicing Economics Investments 68

PYMNTS

SEPTEMBER 26, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes WEX ’s expansion in Canada with Moneris Solutions. In addition, a survey of respondents in the U.K. uncovered consumers’ preferences for cashless payments, and Slovenia ’s Eligma has unveiled an app for cryptocurrency payments. WEX is growing is Canadian presence through an integration with Moneris Solutions, which is a processor of credit and debit payments, the companies said in an announcement

Reconciliations 68

Reconciliations Currencies eCommerce Sales 68

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.

Marketing