PYMNTS

JUNE 21, 2020

HSBC Hong Kong ‘s new application programming interface (API) will simplify the payment system for businesses down to a one-stop payment hub, a press release says. The service will let businesses incorporate the instant electronic Direct Debit Authorisation (eDDA) into their own systems, along with real-time funds transfer services. That will allow businesses to eliminate the cumbersome old ways, which required them to sign onto their bank accounts to set up a direct debit instruction and

B2B 143

B2B Cash Management eCommerce Securities 143

Future CFO

JUNE 25, 2020

The tough time facing many organisations would not go away quickly as the pandemic’s domino effect will continue to impact businesses, said ACCA recently. The problem is a collapse in customer demand for many organisations, with 53% of more than 4,500 ACCA members in our June survey citing purchases as completely stopped or reduced, said Jamie Lyon, head of business management at ACCA.

Economics 52

Economics Investments Planning Finance 52

CFA Institute

JUNE 25, 2020

The golden age of fixed income is over. That means we have to rethink portfolio management and risk control.

Performance Measuring 52

Performance Measuring Risk Management Treasury Economics 52

PYMNTS

JUNE 22, 2020

PayPal will offer direct cryptocurrency sales for customers, CoinDesk reports. The FinTech giant, which has 325 million customers, will allow this feature for those who want a new wallet functionality for the popular service, according to unnamed sources, the report said. It would be an upgrade of the current PayPal functions for withdrawing funds from sources like San Francisco’s Coinbase.

Sales 131

Sales Accounting 131

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

PYMNTS

JUNE 22, 2020

Lunchbox is hoping former top Toast executive Sarah Kabakoff will provide the boost needed to take the restaurant-ordering platform to the next level. The New York-based omnichannel restaurant platform announced Monday (June 22) it had hired Kabakoff as vice president of solutions. In her new role, Kabakoff will oversee Lunchbox’s “go-to-market strategy” aimed at giving restaurants an alternative to third-party ordering sites.

Startups 130

Startups Technology Sales Marketing 130

PYMNTS

JUNE 26, 2020

eCommerce has grown about as much in the past few months as it has in the past 10 years. Iain McNicoll , VP of Americas/SMB for payments platform Payoneer , recently told PYMNTS that eCommerce’s market share has risen to 27 percent from just 16 percent when the pandemic began. By contrast, it took a decade for it to hit 16 percent from less than 6 percent 10 years ago.

Retail 127

Retail Benchmarking Finance eCommerce 127

PYMNTS

JUNE 23, 2020

Ex-Wirecard CEO Markus Braun was arrested Monday night (June 22) in the latest chapter that has rocked the German payment services provider, the Financial Times reported. Braun surrendered to Munich prosecutors after a judge issued a warrant as prosecutors investigate an accounting scandal that centers on a missing 1.9 billion euros ($2.1 billion), prosecutors confirmed on Tuesday.

Auditing 127

Auditing Accounting Banking Technology 127

PYMNTS

JUNE 25, 2020

Revolut Ltd., the British financial technology company headquartered in London, has added American Express to its open banking platform. The feature allows customers in the United Kingdom to connect their American Express accounts to Revolut , allowing them to see their balances and transactions in a single app. Before this addition, Revolut shoppers could access American Express balances and transactions only through Amex’s online banking service or app.

Banking 123

Banking Invoicing Budgeting Accounting 123

PYMNTS

JUNE 25, 2020

Uber financial services leader Peter Hazlehurst has stepped down from his position as the rideshare company has put its plan to start a digital wallet on hold, Bloomberg reported. The company is instead focused more on ridesharing and food delivery instead of the planned financial expansions. In an email, Uber CEO Dara Khosrowshahi said the company isn’t prioritizing several finance-related projects, such as credit cards, a digital wallet and instant payments for drivers.

Prioritization 118

Prioritization Planning Finance Accounting 118

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

PYMNTS

JUNE 26, 2020

Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 billion) in cash, the Financial Times reported. That routine audit procedure could have uncovered the vast fraud at the suburban Munich company, the report said.

Accounting 116

Accounting Auditing Accounting Firms Banking 116

PYMNTS

JUNE 26, 2020

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. Some startups focused on data aggregation to expand underwriting capabilities, while others operate platforms to facilitate financing.

Startups 115

Startups B2B Finance Accounts Payable 115

PYMNTS

JUNE 24, 2020

Messaging app Telegram said a data breach has exposed a database containing the personal information of millions of users, according to a Cointelgraph report. The database, which was exposed on a darknet forum, included users’ phone numbers and unique Telegram user IDs, according to the report. Telegram told Russian tech publication Kod.ru, which originally reported the information on Tuesday (June 23), that the information was exposed through the app’s built-in contact export feature whil

Numbers 115

Numbers Accounting Securities 115

PYMNTS

JUNE 24, 2020

The insurance industry is all about risk mitigation, and not only when it comes to underwriting policies. Averse to the risk of change, the property and casualty (P&C) insurance arena has been resistant to embrace electronic payments when disbursing funds to claimants. Yet when the global pandemic hit, it became clear to the insurance industry that sticking to paper processes and check payouts can be riskier than embracing digitization.

Prioritization 114

Prioritization Planning Securities Banking 114

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

PYMNTS

JUNE 25, 2020

Stock markets are whipsawing. Bond yields, gyrating. Crypto? Bouncing around, to put it mildly. The pandemic has sent any number of investments tumbling, soaring, then tumbling again. The world feels less than stable, and so do investors’ cash flows, dividend and account statements. It makes sense, then, that at least some individuals would seek stability.

Investments 113

Investments Marketing Numbers Economics 113

PYMNTS

JUNE 25, 2020

As accounts payable (AP) and accounts receivable (AR) operations continue to converge for many organizations, buyers and suppliers are increasingly acknowledging the value of using each other’s technology platforms to promote stronger B2B relationships. Now more than ever, buyer-supplier ties form a crucial component of ensuring that cash continues to flow through supply chains — and yet today, late payments and cash flow bottlenecks continue to plague both sides of B2B payments.

Invoicing 112

Invoicing Accounts Payable B2B Currencies 112

PYMNTS

JUNE 24, 2020

Brazil’s Central Bank has suspended WhatsApp’s payment feature in the country, citing antitrust concerns, according to Bloomberg on Tuesday (June 23). Mastercard and Visa have been requested to stop payments and money transfer services through the app in Brazil as well, the bank said. The bank said the decision was to “preserve an adequate competitive environment that ensures the functioning of a payment system that’s interchangeable, fast, secure, transparent, open and cheap,” Bloomberg reporte

Banking 112

Banking Securities Planning Marketing 112

PYMNTS

JUNE 25, 2020

Global payments automation platform Tipalti says it has made mass, automated payments seamless for numerous popular online video game customers, according to a press release. Tipalti’s move is aimed at helping gaming companies avoid the fraud and risk of online commerce while enhancing their finances with modern solutions, said CEO and Co-Founder Chen Amit , according to the release. “Success in the gaming ecosystem today is all about rewarding their international partners with consi

Accounts Payable 112

Accounts Payable Numbers Finance Accounting 112

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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

PYMNTS

JUNE 26, 2020

The pandemic has the potential to change the way any number of business verticals operate — especially industries like real estate, which typically have been based on in-person meetings and tours between property owners or real estate agents and would-be renters or homebuyers. That model may be ripe for change in the age of social distancing. To that end, Rently , an online platform, helps tenants find properties and allows them to “self-tour” — on premise — without the need for in-person intera

Compliance 111

Compliance Communication Securities Marketing 111

PYMNTS

JUNE 26, 2020

If you can’t join ‘em, beat ‘em. That seems to be the prevailing attitude behind 5G , as several car companies have taken the delay in building mass networks for the new wireless technology as a cue to create their own. The latest team to announce their own private 5G network is Ford and Vodafone. Vodafone announced this week that it will implement 5G connectivity in Ford’s new E:PriME (Electrified Powertrain in Manufacturing Engineering) facility in Essex, U.K.

Manufacturing 108

Manufacturing Technology Investments Retail 108

PYMNTS

JUNE 25, 2020

Technically speaking, Abingdon Mullin is the CEO of a company that sells watches crafted for women. But realistically, she sells adventure with every one of her aviator watches, which actually got their start back in 2014 when she appeared on Shark Tank. Six years and thousands of watches later, Mullin has survived the formidable inventors’ reality show only to face a global pandemic as the founder and CEO of The Abingdon Co.

Retail 107

Retail Sales Investments Marketing 107

PYMNTS

JUNE 23, 2020

New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. In the U.S., The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments. And when it comes to legacy rails, the U.S.

Cash Management 106

Cash Management Currencies Banking B2B 106

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

PYMNTS

JUNE 24, 2020

While open banking is gaining traction in Europe (by regulatory mandate) and is making inroads to the U.S. (through free market competition), on these shores the strategy of getting there seems to be settled in favor of acquisitions. Specifically, payments giants are buying up data aggregators, which let consumers share data with thousands of apps — and in the process are taking on the roles of trusted intermediaries as information flows across the financial services landscape.

Financial Data 105

Financial Data Leverage Banking Securities 105

PYMNTS

JUNE 24, 2020

As the Wirecard scandal unfolds, SoftBank Group Corp. is facing questions about its investment in the embattled German payment services provider, CNBC reported. Last year, the Tokyo-based global conglomerate holding company paid 900 million euros ($1 billion) for a 6 percent stake in Wirecard. But even then, there were concerns about Wirecard’s accounting practices, the network reported.

Investments 104

Investments Auditing Accounting Firms Accounting 104

PYMNTS

JUNE 24, 2020

As the world must go increasingly digital — perhaps permanently — people who had resisted the great shift to eCommerce have had to make the leap. Ready or not. Those less tech-savvy individuals represent juicy targets for fraudsters, who have been fine-tuning card-not-present (CNP) schemes to work across all manner of channels during the pandemic as we wield smartphones to make transactions or bank over the phone.

Leverage 104

Leverage Securities Banking Numbers 104

PYMNTS

JUNE 26, 2020

Amazon will reportedly pay more than $1.2 billion to acquire Zoox , the Foster City, California self-driving technology company, the Financial Times (FT) reported. . While the purchase could fuel Amazon’s delivery fleet, a source familiar with the deal told the newspaper it could signal the eCommerce giant’s entry into ride-hailing. The source said Amazon would collaborate with Zoox to create a ride-hailing fleet, taking on Waymo Co, the California-based self-driving industry leader backed by A

Valuation 103

Valuation eCommerce Technology Retail 103

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