Sat.Aug 18, 2018 - Fri.Aug 24, 2018

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Global GDPR Compliance Rates Remain Low

PYMNTS

Compliance of General Data Protection Regulation (GDPR) rules remain low across the globe, according to the latest research from Dimensional Research. Reports from the Business Information Industry Association (BIIA) on Tuesday (Aug. 21) said Dimensional Research’s latest findings suggest most companies are still not fully GDPR-compliant, with only 20 percent reporting they are fully adhering to the new data security rules.

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Why Semi-Annual Financial Reporting isn’t Going to Work

Planful

The administration in Washington recently asked the SEC to study the potential for semi-annual (i.e., six-month) financial reporting for public companies. As a Chief Financial Officer with both public and private company experience, and as CFO of a company that (among other things) helps customers prepare financial reports, I thought I’d offer my perspective on this proposal.

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Trending Sources

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Marketplace Merchants Sing The Blues

PYMNTS

There’s a lot of sizzle in marketplaces. In fact, they have made tiny businesses into big ones, as even the tiniest one-man operation can gain the chance to jump from a hyper-local stage to a global one — with access to professional supply chain management and logistics skills, payments simplified to one click and, most importantly, the chance to increase their world audience.

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Why Cash Was King For The Queen Of Soul

PYMNTS

“Oooh, your kisses, sweeter than honey/ But guess what? So’s my money.”. Writing about Aretha in a 2016 profile for The New Yorker , writer David Remnick noted that as she sat readying herself for a performance, she was surrounded by small stacks of hundred-dollar bills. The money, he explained, was her fee for singing that night in Ontario, because Aretha only sang once she had been paid upfront.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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Axiom Bank Acquires Factoring Firm

PYMNTS

U.S.-based Axiom Bank is expanding its business lending capabilities through the acquisition of Allied Affiliated Funding , reports said Thursday (Aug. 23). A press release announced the takeover agreement, which will see Axiom absorbing Allied’s asset-based lending and factoring offerings. The acquisition will also bridge Allied’s existing customers to the banking and cash management offerings of Axiom, the companies said.

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New Data Shows 1.5 Companies Fall Victim To Ransomware Each Minute

PYMNTS

A new report has found that 1.5 organizations fall victim to ransomware attacks every minute — and more than $1 million is lost each minute due to cybercrime. RiskIQ ’s 2018 “ The Evil Internet Minute ” investigated the cyber threats that organizations and internet users face every minute. “With businesses expanding their online presence to create more touchpoints with customers, employees and partners, the boundaries between what’s inside the firewall and what’s outside become less and le

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Browser Or Buy Button? W3C’s Jacobs On The Payment Request API

PYMNTS

Native apps are boring and the web is not dead, said Sir Tim Berners-Lee in November of 2014, on the 25 th anniversary of the commercial web. He’s entitled to that opinion: He’s the one, after all, who invented the World Wide Web. His point then, and as it remains now, was that native apps — “walled gardens” as he called them — are limiting, almost by design.

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In The Park. At A Kiosk. Using Digital Payments. Buying $1.6K Designer Jewelry.

PYMNTS

Consumers are using less cash than ever, with the average consumer carrying just $21. In response, unattended retail operators are finding new ways to embrace alternative payment methods, ranging from mobile wallets to cryptocurrencies. In the new Unattended Retail Tracker , PYMNTS charts the latest ways that companies are working to accept more non-cash payment methods, from the common credit card swipe to biometric scans.

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Supply Chains Stumble Through GDPR Compliance

PYMNTS

The European Union (EU) General Data Protection Regulation (GDPR) came into effect in May, but most businesses in the region still aren’t compliant with the rules. The data security requirements have wide-reaching implications for businesses across sectors, but as companies expand globally and business partners connect on digital channels, supply chains’ GDPR compliance is an increasing focus of security and compliance initiatives in the enterprise.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Investors Protest Following Chinese P2P Collapse

PYMNTS

PPMiao, the online peer-to-peer (P2P) lender in China, faced protests from investors in the company at its offices on Monday (Aug. 20), as the P2P lending industry continues to be plagued with problems. According to a report in Reuters , 243 P2P companies or more have gone under in China since the start of June, which prompted investors to withdraw money from multiple P2P companies and sparked protests saying that the government didn’t do enough to regulate the P2P lenders.

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TRENDING: Fixing The Last Mile Of The Global Payments Supply Chain

PYMNTS

A chain is only as strong as its weakest link, and the global supply chain is no exception. Companies worldwide engaged in cross-border trade are quickly learning how disruptions from the escalating trade war can cause a logistical domino effect, impacting global deliveries and causing delays in payments. The new Global Payments Architecture Report highlights how companies — including a player in the back-to-school market — are adjusting to the challenges of delivering products in the current g

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GM, Shell And P97 Launch In-Dash Fuel Payments

PYMNTS

Let’s just come out and say it: When it comes to the wide range of commerce activities, unless you’re a teenager with a new driver’s license, putting gas into your vehicle is never fun. The pumps are often grimy, card readers might not work, the air might be frigid or hot, and there may be an odor associated with rubber, petroleum or refuse. All you want to do is get the transaction over with, maybe grab some milk, chips or beer and get on with your day.

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Blockchain To Get Its Motor Runnin’?

PYMNTS

Blockchain, blockchain everywhere – and maybe this is where the road gets racy. The use cases have been multiplying across any number of private and public use cases. And in the latest edition of the blockchain tracker, the auto industry gets some mileage. Research shows that the transparency and immutability that have become hallmarks of the distributed ledger system have lent themselves well to this vertical.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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Nvidia Crypto Mining Exit A Sign Of Things To Come?  

PYMNTS

When the chips are down … you find out who your friends are. When the chips are really down … you find out that chip makers really don’t have the stomach to put up with rapidly disappearing margins. And so, at least in crypto, it seems the chips are down and some friends of the space are leaving the table, having cashed in their chips – in some cases, quite literally.

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Dark Tequila Malware Targeting Mexicans For At Least Five Years

PYMNTS

Kaspersky Lab announced on Tuesday (Aug. 21) that it discovered a sophisticated cyber-operation named Dark Tequila, which has been targeting Mexicans for the past five years. Using malware, the hacker or hackers steals bank credentials and personal and corporate data. According to a press release from Kaspersky, the malware is spread via infected USB devices, as well as through spear phishing emails that include features to evade detection.

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Darden Cyberattack Puts 567K Cards At Risk

PYMNTS

Darden Restaurants announced Wednesday (August 23) that the data on 567,000 payment card numbers may have been exposed. In a press release , the restaurant chain operator said it was notified on August 16, 2018, by federal authorities that a legacy point-of-sale system for some of its Cheddar’s Scratch Kitchen restaurants, a brand acquired by Darden last year, may have been compromised via a hack that involves restaurants in 23 states.

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Barclays Backs Crowdz B2B Procurement Platform With Payments Tech

PYMNTS

Barclaycard has partnered with Silicon Valley startup Crowdz to make the process of selling and finding business services easier. While consumer payments have been revolutionized through mobile technology, Barclays points out that things have been slower in the business-to-business (B2B) space. In fact, only one in four transactions in the supply chain are digitized.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Why It’s Time To Retire Knowledge-Based Authentication

PYMNTS

What was the make and model of your first car? What was your elementary school? What is your mother’s maiden name? These are all questions that consumers have probably answered more times in the last 5-10 years than they did in every year of their life combined before them. Because in the era of digital services, one of the most common and accepted ways to validate a customer’s identity is simply to ask them questions that presumably only they would know the answer to.

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How Supermarkets Can Tap Into Self-Checkout Tech

PYMNTS

To help customers avoid the lengthy lines of traditional checkout counters, supermarkets are turning to self-checkout technology, along with revamped store designs. When retailers don’t have to dedicate space in their brick-and-mortar locations to cash registers, consumers can enjoy less friction during checkout. To make this a reality for established retailers, companies such as Standard Cognition are working to put self-checkout technology in existing stores.

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More Workers See Career Path In Gig Economy

PYMNTS

Not long ago, direct sales companies — like beauty supplier Avon and health & beauty firm Amway — offered independent agents the opportunity to earn money selling their products door to door. Meanwhile, staffing agencies have provided businesses with temporary workers for decades, to cover for those who are on leave or temporarily out sick. These freelance, ad hoc jobs were examples of gig work well before anyone affixed a “gig” label to them.

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Eventbrite Prepares For $200M IPO

PYMNTS

Event ticketing service Eventbrite has announced its plans to raise up to $200 million in an initial public offering (IPO). According to its prospectus , the company expects to debut on the New York Stock Exchange under the ticker symbol EB. Goldman Sachs is leading the IPO, along with JPMorgan, Allen & Co. and RBC Capital Markets. Founded 12 years ago by Julia and Kevin Hartz, Eventbrite reported that it had a $15.6 million loss in the first half of 2018, while revenue increased 61 percent

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Deep Dive: Protecting Platform Payments

PYMNTS

Online payment platforms have no doubt changed how worldwide consumers do business. After all, they can simply open the Uber or Lyft app on their phones to go wherever they need to be, instead of stepping outside to hail a cab. Hotel reservations are out when traveling, too, and marketplaces like Airbnb or VRBO are in. Consumers and companies alike are even turning to marketplace platforms like Fiverr and TaskRabbit when hiring freelancers, handymen and other short-term or part-time workers.

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Entertainment Destinations Could Save Traditional Malls

PYMNTS

With brick-and-mortar retailers closing hundreds of stores, the future of the mall has looked bleak. But some say tales of its impending death have been exaggerated. And according to a report in The Wall Street Journal , immersive destinations that give consumers an experience they can’t get anywhere else could be just the thing to save the retail spaces.

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In China, Credit Cards And Mobile (And Beyond), Payments Yin And Yang

PYMNTS

The yin and yang concept, born in China, can be applied to so many things. The theme that opposites may be complementary is nothing new, but it sure is amusing and, at times, instructive to observe – namely, that the universe finds a way toward duality, and oneness. Look at payments in China as an example. In news reported this week, and spotlighted in the South China Morning Post , the Bank of Communications, which stands as the country’s fifth largest lender, showed a 4.6 percent gain in profi

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KeyBank Turns To Mastercard For AI Fraud Detection

PYMNTS

To help make more informed authorization decisions, KeyBank is turning to Mastercard Decision Intelligence. The system, which uses artificial intelligence (AI), will allow KeyBank to increase the accuracy of real-time approvals of genuine transactions and will help enhance the cardholder experience, Mastercard said in an announcement. “We are excited to continue partnering with KeyBank to deliver client-centric solutions and artificial intelligence capabilities beyond card payments,” Raj Sesha

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.