Sat.Aug 03, 2019 - Fri.Aug 09, 2019

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The ROSE Metric | The Return on Your Most Important SaaS Asset

The SaaS CFO

Measuring Organizational Efficiency There are a ton of SaaS metrics measuring sales efficiency, margins, revenue, and more. These are all important metrics (depending on the stage of your business) that you should be constantly monitoring in your SaaS organization. But I have a gut feel that we are missing an important metric around organizational efficiency. […].

CFO 94
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Mastercard Buys Nets For $3.19B

PYMNTS

In its biggest acquisition to date, Mastercard will buy Nets for 2.85 billion euros ($3.19 billion). With the purchase of the Denmark-based payments platform, Mastercard is picking up an electronic billing platform that offers clearing and instant payment services, according to a statement on Tuesday (Aug. 6). Mastercard also confirmed that the purchase will take a bite out of its profits for up to two years after the deal closes, which is expected to happen sometime in the first half of 2020.

Sales 87
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Trending Sources

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How To Revolutionize The FP&A Professional

Jedox Finance

The CFO has made FP&A a top priority as previously described , wanting significantly more value from the investments made in this function. To achieve this, FP&A must also do things differently otherwise we cannot expect different outcomes. To do something differently, new skills are needed. You could say we need to revolutionize the FP&A professional.

CFO 52
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Book Review: Principles for Navigating Big Debt Crises

CFA Institute

Ray Dalio provides investors with a framework to understand the possible economic scenarios that lie ahead, as well as the investment implications.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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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The Fed Debuts FedNow

PYMNTS

It’s now official. The Fed plans to build its own instant clearing and settlement rails. Introduced on Monday by Federal Reserve Board Governor Lael Brainard, the Fed’s instant payment scheme FedNow is designed to offer an option for consumers and business to transfer money instantly or nearly instantly in a “ubiquitous, safe and efficient” manner from one bank account to another.

Banking 85

More Trending

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Federal Reserve To Launch FedNow Instant Payments System 

PYMNTS

The Federal Reserve has officially announced it will create a real-time payments service, to be called FedNow. The move was described by Kansas Federal Reserve President Esther George as the biggest infrastructure upgrade embraced by the Federal Reserve since the ACH system went online in 1972. The news was announced live and online by Federal Reserve Board Member Lael Brainard, who focused her remarks on the extensive feedback that went into making the choice – and the strong consensus among

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Visa CEO On Apple Card, Big Tech, Libra

PYMNTS

In a wide-ranging televised interview, Visa CEO Al Kelly discussed Apple ’s new co-branded credit card, Big Tech ’s move into financial services, and Visa’s interest in the Libra Association , per reports from CNBC. Kelly that said that Apple is a great partner of Visa and has worked with them for “quite some time” on Apple Cash and Apple Pay. He noted that they have a great brand, and they have a retail footprint.

Retail 78
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Visa Checkout Could Be Gone By 2020; Google Pay Removes Support

PYMNTS

Visa is moving toward discontinuing its Visa Checkout service sometime next year, according to reports. It appears the company’s service, which was introduced in 2013 and competed with services like PayPal, will be shuttered in favor of a new EMV SRC-based service. In 2017, Google Pay added Visa Checkout support, which allowed users to make purchases using Visa cards that were associated with Google Pay accounts.

B2B 77
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Mastercard, Salesforce Team To Offer Small Business Solutions

PYMNTS

Software company Salesforce has joined Mastercard’s small business program, along with Intuit, to supply solutions in the small business space, according to a release. The aim is to help businesses succeed by increasing revenue, boosting customers and improving customer engagement. Salesforce benefits are now available in Mastercard Business and Mastercard Business World Elite offerings.

Sales 77
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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

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Big Banks Don’t Want Fed’s Real Time Payments Rails

PYMNTS

Big banks aren’t happy with the Federal Reserve’s plan to update its payments system that would allow for almost instant transactions. Currently, the system doesn’t operate on weekends and can take days to process certain transactions. All that could change as soon as this week, when the Fed is expected to announce changes. “The United States is far behind other countries in terms of having real-time payments,” Fed Chairman Jerome Powell said last week, adding that while the Fed hasn’t mad

Banking 77
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Why Mastercard Acquired Nets

PYMNTS

Faster payments are quickening the pace of billion dollar acquisitions in the payments space. Mastercard said Tuesday (Aug. 7) that it would spend 2.9 billion Euros, ($3.2 billion USD) to buy Nets, a Denmark based payments platform. The news comes as the payments arena is a-swirl with headlines about speeding up transactions around the globe (witness, for example, this week’s announcement that the Federal Reserve plans to build out a faster payments service in the U.S.).

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FLEETCOR Sees Q2 Revenue Surge, Eyes More Acquisitions

PYMNTS

Fuel and commercial payments company FLEETCOR published its Q2 2019 earnings data on Tuesday (Aug. 6), with results that pleased Chairman and Chief Executive Officer Ron Clarke. Q2 was “probably one of the best quarters in quite some time,” he said during the company’s earnings call Tuesday evening. The company surpassed expectations, with an 11 percent year-over-year revenue increase to $647.1 million for the quarter compared to estimates of $634.18 million.

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Why Retailers Need Better Payments To Boost Mobile Retail App Appeal

PYMNTS

The best is yet to come. As long as checkout and payments are part of the plan. In one sense, that describes the situation for mobile commerce — specifically, retail apps — as 2020 looms. New research from PYMNTS and LISNR digs deep into consumer views of mobile retail apps. In a new interview, Karen Webster and Chris Ostoich, co-founder at LISNR , talked about those findings and discussed what retailers must do to drum up even more interest in and loyalty to their mobile apps.

Retail 75
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Post-Worldpay Deal, FIS Eyes eCom and Real-Time Payments

PYMNTS

Fidelity National Information Services (FIS) released results Tuesday (Aug. 6) that showed organic growth for FIS and recently acquired Worldpay as standalone entities and updated the outlook for the combined entity — with particular emphasis on real-time payments and eCommerce opportunities. FIS said that in terms of its own consolidated results, revenues were $2.1 billion, roughly flat year on year (under GAAP), but added that organic revenue growth was 5 percent.

GAAP 74
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Is It Time To Retire Passwords For Digital Authentication?

PYMNTS

Even if one tried, it would be hard to ignore the near-constant reports of data breaches. Based on the flurry of consumers scrambling to get their $125 settlement from Equifax , data security is an issue with far-reaching consequences. In fact, the reported number of exposed consumer records that contained sensitive personally identifiable information jumped 126 percent between 2017 and 2018.

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InstaReM Launches Faster Singapore-China B2B Payments

PYMNTS

Cross-border payments company InstaReM is expanding its InstaReM for SMEs solution into Singapore, targeting cross-border trade and B2B payments between Singapore and China. In a press release late last week, InstaReM said Singaporean small and medium-sized businesses (SMBs) that import from China will be able to pay their cross-border vendors via InstaReM, which aims to elevate their business payments experience with faster transaction speeds.

B2B 73
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REPORT: What Sharing Economy Platforms Don’t Get About Digital ID

PYMNTS

Sharing economy platforms have permeated every aspect of consumers’ lives. Some 60.1 million Americans hitch rides through ridesharing offerings like Uber or Lyft , for example, and 41 million book travel or accommodations with homesharing services like Airbnb or Hotels.com. Meanwhile, 19.5 million use talent platforms like Fiverr or Freelancer.com to find employment.

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Back to Basics with Reconciliations

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.

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For Retailers, Getting Ready For Automation

PYMNTS

Where once there was cash at the register, there will be scan and go. The salespeople dotting the aisles may give way to self-service kiosks. In an interview with PYMNTS, Tim Moran, senior vice president of product and marketing at Worldnet , told PYMNTS that the age of automated retail is dawning — but there is no one-size-fits-all approach. Automation efforts in retail, he said, can be split into two camps — one focused on the front end, or consumer experience, and the other on the back end, w

Retail 72
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Taking On SMB Banking Friction Without Reinventing The Wheel

PYMNTS

The jury is still out on the future of opening banking in the U.S. Without a regulatory mandate, many in the financial services and FinTech space believe that competition will — and already has — nudged the industry toward embracing data integrations across platforms and service providers in the name of better banking experiences. Increasingly, FinTechs are targeting corporate and small business banking friction, and exploring how open banking frameworks — including the use of application progra

Banking 72
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To Dream The Impossible Meatless Dream?

PYMNTS

In the year 2000, if one had stood on a street corner and predicted that in two decades, the biggest craze to sweep through fast food since the drive-thru window would be artificial meat – well, let’s just say there would be a lot of disbelievers in the crowd. Twenty years ago, the veggie burger was not the kind of thing that would take the world by storm, because they were not, as burgers went, very good.

Sales 71
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Bottomline Launches Open Banking API

PYMNTS

Business payments technology firm Bottomline Technologies has rolled out a suite of services for banks to elevate their customer engagement with corporate services. In a press release on Tuesday (Aug. 6), Bottomline announced the launch of its Digital Banking IQ Intelligent Engagement suite, a range of products that includes payments, cash management, risk and fraud management, relationship development and client onboarding and account opening.

Banking 70
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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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

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People’s Bank Of China Ramps Up Crypto Development

PYMNTS

China’s central bank, the People’s Bank of China (PBoC), announced that it has accelerated the development of its own cryptocurrency, reported Cointelegraph on Sunday (Aug. 4). PBoC hosted a video conference on Aug. 2 to discuss its priorities for the second half of 2019, saying cryptocurrencies will be closely monitored. It suggested that it should accelerate the research and development of its digital currency.

Banking 69
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Oracle: What’s Old Is New Again For B2B Customer Experience

PYMNTS

The past is never dead. It’s not even past yet. That famous quote comes from William Faulkner and it’s often trotted out to provide meaning and important to various situations, speeches and commentary. Allow us at PYMNTS to do our own small part in that ongoing effort, and apply that quote to the world of B2B customer experience — and the never-ending push to build a better digital ecosystem around that concept.

B2B 68
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How The FedNow Service Could Keep Checks In B2B Payments

PYMNTS

The Federal Reserve’s planned faster payments service, the FedNow Service, is slated to have an impact on the speed with which paper checks are processed, adding a new twist to the U.S.’s path toward faster, digital payments. Reports in NBC News this week said the FedNow Service aims to tackle the standard three-day wait for checks to clear, providing immediate access to funds when individuals or businesses are paid via paper. check.

B2B 66
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Stripe Expands To Latin America, Will Open Mexico City Office

PYMNTS

Payments startup Stripe has announced that it’s opening up an office in Mexico City to take advantage of opportunities for growth in the Latin American region , according to a report by CNBC. Stripe said it wants to get engineers from the area and take advantage of the fast-growing mobile payment and eCommerce sectors. Stripe was started in San Francisco, and it competes with Square and Adyen to help businesses facilitate payments over the internet.

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Solve Your Firm's Automation Complexities Once and For All

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.