PYMNTS
AUGUST 23, 2018
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.
Planful
AUGUST 20, 2018
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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PYMNTS
AUGUST 24, 2018
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.
PYMNTS
AUGUST 18, 2018
“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.
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
AUGUST 24, 2018
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.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
PYMNTS
AUGUST 21, 2018
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
PYMNTS
AUGUST 22, 2018
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.
PYMNTS
AUGUST 24, 2018
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.
PYMNTS
AUGUST 23, 2018
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.
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
AUGUST 20, 2018
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.
PYMNTS
AUGUST 23, 2018
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
PYMNTS
AUGUST 21, 2018
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.
PYMNTS
AUGUST 22, 2018
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.
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
AUGUST 23, 2018
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.
PYMNTS
AUGUST 21, 2018
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.
PYMNTS
AUGUST 23, 2018
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.
PYMNTS
AUGUST 20, 2018
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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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
AUGUST 21, 2018
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.
PYMNTS
AUGUST 20, 2018
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.
PYMNTS
AUGUST 22, 2018
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.
PYMNTS
AUGUST 24, 2018
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.
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
AUGUST 23, 2018
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.
PYMNTS
AUGUST 24, 2018
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
PYMNTS
AUGUST 24, 2018
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
PYMNTS
AUGUST 21, 2018
Instagram has created a new trend among the middle-aged hoping to be hip: purchasing new clothes online, snapping a shot in them and then sending them back to the company from which they were purchased. The photos are for posting in the Instagram “outfit of the day,” and it is becoming an increasingly common practice for consumers. According to research from Barclaycard, almost 10 percent of U.K. shoppers have purchased clothing online for a social media shot, only to turn around and
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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