PYMNTS

APRIL 8, 2019

Hundreds of thousands of new small businesses (SMBs) open their doors every year in the U.S., be them physical or digital. The latest estimates from the Small Business Administration (SBA) peg the number of new SMBs at 414,000 each year, spurring job creation and economic growth for the country, with millennial entrepreneurs at the helm. The high failure rate of a new small business has entrepreneurs focused on simply surviving their first few years in operation.

Profit and Loss 111

Profit and Loss Accounting Financial Data Valuation 111

CFA Institute

APRIL 9, 2019

The financial community should work to reduce nuclear risks the same way it does those of climate change.

Marketing 54

Marketing Risk Management Economics 54

Planful

APRIL 8, 2019

However, the more quickly the accounting team can close the books and produce accurate, reliable financial reports, the more time the executive team has to analyze the results and make decisions about how to guide the company forward. In fact, a zero-day close would be considered the ultimate in accounting achievement! Executives would be able to get the most immediate and accurate information to make decisions much more quickly, and accounting would be able to move past the tedious work of veri

Auditing 40

Auditing Finance Financial Data Accounting 40

PYMNTS

APRIL 9, 2019

Security researchers at Kaspersky Lab revealed at the Kaspersky Security Analyst Summit in Singapore that a dark net marketplace in which hackers are selling digital fingerprints has emerged. According to a report in ZDNet , Kaspersky Lab said at the summit criminals are selling the digital fingerprints of more than 60,000 individuals. Dubbed Genesis, the marketplace emerged in the fall of last year when the creators started advertising it on forums where hackers sell payment card details they’v

Advertising 94

Advertising Securities Banking Accounting 94

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

APRIL 11, 2019

Coinbase , the cryptocurrency exchange operator, announced Wednesday (April 10) the launch of the Coinbase Card in the U.K., which is a Visa debit card that lets customers in the U.K. spend crypto as easily as they spend money sitting in a bank account. In a blog post , Zeeshan Feroz, chief executive of Coinbase U.K., said the Coinbase Card is funded by customers’ Coinbase account crypto balances, giving them the ability to pay in-store and online with bitcoin , ethereum, litecoin and other digi

Currencies 86

Currencies Accounting Securities Planning 86

PYMNTS

APRIL 12, 2019

FinTech firms are tackling everyday challenges across Africa by digitizing payments and providing increased transparency. Cellulant ’s Agrikore and Tingg Marketplace offerings, for instance, seek to take on the continent’s food struggles. Cellulant Group Co-CEO Bolaji Akinboro told PYMNTS in an interview, “We believe that this solution can help solve food crises and hunger in Africa which has the landmass and climate to grow as much quantity of food that can feed the world.

Banking 84

Banking Technology Marketing Numbers 84

PYMNTS

APRIL 12, 2019

It was a good day for Jumia Technologies on Friday (April 12) — and that’s a good signal about the future prospects of eCommerce in Africa, home to some 1.3 billion people, of whom at least 725 million have mobile devices. On its first day of trading, shares for the company often called the Amazon of Africa jumped some 54 percent, trading at about $22.

eCommerce 83

eCommerce Banking Startups Technology 83

PYMNTS

APRIL 9, 2019

A new type of phishing scam targets the HR departments of companies and asks for reroutes on direct deposit accounts, CNBC reported. Once the changes are made, a paycheck will go directly into a criminal’s account. KVC Health Systems, a child welfare nonprofit based out of Kansas City, has been hit with the scam. The emails look legitimate, and purportedly come from the company’s CEO, CFO or payroll director.

Nonprofit 83

Nonprofit Communication CFO Securities 83

PYMNTS

APRIL 8, 2019

All those children’s TV shows and stories lied: Sharing is not easy. Sharing is, in fact, enormously complex, prone to fraud and frustration, at least when it comes to digital payments and commerce. The rise of the global sharing economy — tied to online marketplace operations — is sparking challenges related to trust, security and confidence for buyers and sellers alike.

Risk Analysis 78

Risk Analysis Securities Numbers Technology 78

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

APRIL 9, 2019

It’s hard to find fault with one of the latest tests of artificial intelligence (AI). Medical diagnostic technology built by Google and a sister company can detect diabetic retinopathy — an eye condition that can cause blindness — with as much accuracy as a human doctor. That matters in places such as India, where the AI tech has been deployed, and where a relatively tiny group of eye doctors struggle to serve a massive population.

Technology 77

Technology Currencies Numbers Investments 77

PYMNTS

APRIL 10, 2019

Blockchain company XinFin is rolling out an integration between its invoice factoring application InFactor and QuickBooks. Reports in Virtual Strategy Magazine this week said InFactor, developed by the XinFin-powered TradeFinex Dev team, is connecting the factoring tool to QuickBooks so users can automatically obtain financing on their unpaid invoices.

Invoicing 77

Invoicing Finance Technology Planning 77

PYMNTS

APRIL 12, 2019

The General Data Protection Regulation (GDPR) represented a new phase in data security and EU regulators’ approach to it. Designed to safeguard consumers with greater transparency into how, when and by whom their personal data is collected, GDPR , though based in EU, has a global reach and is likely to act as a blueprint for upcoming data security regulations in other markets.

Compliance 77

Compliance Securities Prioritization Leverage 77

PYMNTS

APRIL 11, 2019

The U.K.’s Open Banking market initiative is seeping into the U.S., and into the business banking segment, as financial institutions (FIs) explore ways to improve their B2B services and compete with more agile FinTech firms. Banks’ willingness to embrace Open Banking signals an understanding that small and medium-sized businesses (SMBs) are demanding better services in the ways consumers have, and that leaving the SMB segment to rival FinTech firms is no longer an option for the larg

Banking 77

Banking Foreign Exchange B2B Risk Analysis 77

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

APRIL 11, 2019

Headlines swirling around cyber fraud usually center on the size and scope of heists, where the bad actors make off with breathtaking sums — in the hundreds of millions of dollars. Indeed, one of the more brazen thefts occurred three years ago when hackers took roughly $101 million from the Bangladesh central bank account housed within the U.S. Federal Reserve.

Banking 76

Banking Accounting Numbers Securities 76

PYMNTS

APRIL 9, 2019

The rise of fast-acting payment solutions is changing the way businesses and governments issue payments to consumers and citizens. Demand for instant payments is also increasing in the workforce, and has the potential to change how workers view concepts like payday. The new Disbursements Tracker highlights recent efforts by businesses, banks and government agencies to improve payment practices by delivering on consumers’ speedy expectations, and how th e rise of peer-to-peer (P2P) services like

Compliance 75

Compliance Banking Accounting Planning 75

PYMNTS

APRIL 8, 2019

Amazon.com is aiming to enable Alexa, its voice-activated digital assistant, to keep tabs on customers’ medicine and provide personal health updates. As part of an effort to expand into healthcare , Amazon took the first step last week announcing Alexa is HIPAA-compliant and that five healthcare companies including Cigna, Livongo Health and hospital partners have created new Alexa skills, enabling Alexa to make appointments at urgent care facilities, track prescription drug shipments and provide

Healthcare 75

Healthcare Accounting Marketing Technology 75

PYMNTS

APRIL 9, 2019

China could move to ban mining for bitcoins if a draft list of activities the country’s state planner wants to ban becomes law. According to a report in Reuters , citing China’s state planner, the National Development and Reform Commission, the agency is facing mounting pressure from the government to control the cryptocurrency market and as a result, may move to ban bitcoin mining.

Marketing 75

Marketing Technology 75

Advertisement

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

APRIL 11, 2019

AlipayHK, a mobile payment system in Hong Kong, has partnered with McDonald’s to offer payment on the McDonald’s app on smartphones, the company said in a release. AlipayHK users can also use a QR code-based system for special rewards. “With the advent of mobile payment services and big data analytics, restaurants are going full steam on digitalization,” the company said in the release.

Technology 74

Technology 74

PYMNTS

APRIL 10, 2019

With more consumers than ever interested in fulfilling all their financial needs on mobile, both legacy banks and FinTech firms are focusing on creating digital-only banking services, designed to catch and keep customers using their smartphones to bank. What’s more, financial institutions (FIs) and payment providers around the world are trying their hand at providing all the capabilities of an established bank on the smartphone.

Banking 74

Banking Startups eCommerce Marketing 74

PYMNTS

APRIL 11, 2019

The jury is in. Almost every modern financial institution (FI) has at least one artificial intelligence (AI) or machine learning system in place, and 61 percent intend to invest in more. The only question is: What learning systems will they choose to adopt? Among the many AI and machine learning systems available on the market, there is one particularly versatile type of AI, having been engineered specifically to enhance financial and payment operations: smart agents.

Leverage 74

Leverage Banking Technology Sales 74

PYMNTS

APRIL 9, 2019

Payments messaging company SWIFT is gearing up to close its Trade Services Utility (TSU), a workflow engine aimed at facilitating value-added supply chain services. Reports in Global Trade Review (GTR) on Monday (April 8) said SWIFT will switch off its TSU in December 2020. “TSU has been a very niche success, and important for banks and corporates using it.

Cash Flow Forecasting 73

Cash Flow Forecasting Transportation Invoicing Forecasting 73

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

APRIL 10, 2019

A report by Bloomberg said that after one of the biggest cyber heists in history involving the theft of $100 million from the Bangladeshi central bank’s account in the U.S. Federal Reserve, criminals are now vying for smaller amounts in an attempt to avoid detection. The amount of money stolen in 2018 averaged between $250,000 and $2 million, which is down from amounts in the tens of millions, according to a report by interbank messaging service SWIFT.

Banking 73

Banking Securities Accounting Technology 73

PYMNTS

APRIL 9, 2019

Square , the payments provider, announced Tuesday (April 9) the launch of the Square Online store for U.K. sellers. In a press release , Square said the Square Online Store provides small and medium sized enterprises with one solution for their omnichannel or online-only business. It marks the first of Square’s products in the U.K. to be integrated completely with Weebly, the platform for building a website or online store.

eCommerce 73

eCommerce Sales Retail Planning 73

PYMNTS

APRIL 8, 2019

An Israeli startup that creates anti-fraud services that deal with online transactions wants to raise $200 million for expansion, according to a report in Bloomberg. Riskified , which was founded in 2013 and is based in Tel Aviv, is potentially considering going public, possibly by 2020. When asked, however, the company didn’t provide any details about its future business.

eCommerce 72

eCommerce Startups Investments Numbers 72

PYMNTS

APRIL 10, 2019

Here’s a bit of heresy for 2019: Data’s not everything. Sure, data often gets called the oil of the digital age — and data, as a commodity, has an economic, political and cultural value as massive as all those hydrocarbons gathered from beneath the planet’s surface. However, it takes more than data for 21st century society to function. This may be the early stages of the digital age, but society still needs people at the gates defending against attack, just like it’s always been.

Planning 71

Planning Nonprofit Education Securities 71

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