Sat.Nov 28, 2020 - Fri.Dec 04, 2020

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NEW DATA: Black Friday 2020: COVID-19 Steepens Physical Retail’s Long Slide

PYMNTS

The divide between digital and brick-and-mortar commerce hit a tipping point this holiday season, with more consumers than ever going online to kick off their holiday shopping sprees. Three out of every four consumers who shopped for their holiday purchases on Black Friday this year made at least one of those purchases online, and three in 10 exclusively shopped online.

eCommerce 128
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Time to Act: Key Considerations When Leaving the Legacy Behind

Jedox Finance

While well-known legacy planning solutions provided great planning tools once upon a time, several of them are near or have reached their end-of-life. This means no more support and no more bug fixes. Assessing the market to select a suitable replacement that will fully support your organization’s transition to a modern xP&A strategy can be a daunting task.

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Score Based Business Line of Credit with Soft Pull and No PG

Business Credit Blogger

Score Based Business Line of Credit I’m excited about today’s blog post because we are going to show you how to get an unsecured business line of credit with a soft pull and no personal guarantee. This is an actual line of credit that you can acquire that not only builds your business credit but […]. The post Score Based Business Line of Credit with Soft Pull and No PG appeared first on Business Credit.

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Webinar: Keeping Your Information Secure for UK Local Authorities

CS Lucas

Webinar Outline It’s vital that you make sure that you keep your company data protected. At CS Lucas, we understand that a security breach is a costly disaster that can compromise operations and damage your constituents trust. We’ve developed a talk so that you can focus on evaluating treasury applications to avoid the risk of breaches in UK local government departments.

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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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Stripe Capital Extends Business Lending To Online Platforms

PYMNTS

Payments giant Stripe is taking Stripe Capital , its push into online business finance and lending, to the next level. Stripe Capital first got off the ground in September 2019, offering customers and businesses financing options through its online platform. On Tuesday (Dec. 1), Stripe went live with the next phase in its business lending campaign, which enables online platforms to offer financing to their business customers through Stripe Capital.

Finance 120

More Trending

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Uninsured Patients: How You Can Offer them More Options

Adam Kae

There are 952 health insurance companies in the United States. Yet, 17.3% of the non-elderly US population is uninsured. Why? 1. They can't afford to purchase insurance. 2. There are more insurance companies. This means more physician offices must negotiate/implement contracts. Depending on the scarcity of healthcare in your area, your specialty might not be in their network. 3.

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Jedox 2020.4: Better Data – Better Forecasts with Smart Data Preparation and Scenarios in Jedox AIssisted™ Planning

Jedox Finance

AIssisted Planning: The new Data Preparation Wizard, released with Jedox version 2020.4, ensures that data sets are more complete and consistent for more accurate predictions. Read more in this release blog.

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Libra Launch Signals Sparks Between Big Tech, Central Banks On Digital Currencies

PYMNTS

With apologies to T.S. Eliot: This is the way Libra launches — not with a bang, but a whimper. It’s been more than a year in the making — with no shortage of caution and criticism by lawmakers and regulators here in the states and in Europe — but Libra, the digital currency backed by Facebook and a revolving cast of other tech firms, could debut as early as next month.

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The Sharing Economy come home: The IPO of Airbnb!

Musings on Markets

On Monday, November 16, Airbnb filed it’s preliminary prospectus with the SEC, starting the clock on its long awaited initial public offering. On the same day, rising COVID cases caused more shut downs and restrictions around the world, creating a clear disconnect. Why would a company that derives its value from short term rentals by people who travel want to go public, when a out-of-control virus is causing its business to shut down?

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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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Assessing Mutual Fund Company Performance

CFA Institute

Market share change is the indicator to watch when it comes to mutual fund company business performance.

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PayPal’s Bitcoin Backing Proves Crypto Is Ready For Prime Time (And Grandma)

PYMNTS

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Daniel Gouldman , CEO of crypto-banking platform operator Ternio , told Karen Webster that PayPal’s endorsement is a major step in crypto’s quest to go mainstream.

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Hack Of C-Suite Email Addresses Portends Surge In BEC Fraud

PYMNTS

A hacker is reportedly selling information from hundreds of C-suite executives' Microsoft -based email accounts, according to a report from Engadget. The targets spanned CEOs, vice presidents and directors, and included "the chief of a mid-sized American software company, the president of a U.S. apparel maker and the CFO of a European retail chain," according to Engadget.

CFO 116
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JPMorgan Forecasts Record Online Holiday Shopping Season

PYMNTS

J.P. Morgan Chase said that brisk Black Friday and Cyber Monday sales are likely indicators of a record-breaking eCommerce holiday shopping season. J.P. Morgan Merchant Services’ combined in-store and eCommerce payments were up 15 percent over last year’s Black Friday weekend, “a sign that the pandemic did little to curtail spending as the holiday shopping season began,” Doug Smith, executive director of J.P.

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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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FedEx Makes Major Foray Into eCommerce By Buying ShopRunner

PYMNTS

FedEx took a big step on Wednesday (Dec. 2) toward beefing up its eCommerce capabilities, announcing a deal to acquire eCommerce platform ShopRunner for an undisclosed sum. “We are committed to growing the ShopRunner platform and combining it with our global digital and logistics intelligence to create new possibilities in eCommerce,” FedEx President and COO Raj Subramaniam said in a press release announcing the deal.

eCommerce 114
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Study: New COVID Restrictions Could Permanently Close A Third Of US Restaurants

PYMNTS

Some U.S. chefs and industry advocates fear new rules to stem the spread of COVID-19 could be the final straw, the Financial Times (FT) reported. Some of the country's highest-profile chefs said they expect to see a wave of failures, according to FT. "It's becoming very stressful," Chef Daniel Boulud of Manhattan's Daniel restaurant said, FT reported.

Sales 112
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It’s Official: Salesforce Plans To Buy Slack For $27.7 Billion

PYMNTS

Salesforce has inked a definitive agreement to buy Slack Technologies for an enterprise value of roughly $27.7 billion based on the Monday (Nov. 30) closing price of Salesforce’s common stock, according to a Tuesday (Dec. 1) announcement. “[Slack CEO and Co-Founder Stewart Butterfield ] and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it,” Salesforce Chair and CEO Marc Benioff said in the announcement.

Planning 108
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Why The Future Of Corporate Banking Is All About Connectivity

PYMNTS

For all of the innovation that's occurred in the banking landscape, it's often consumers – not corporates – that benefit from the latest technologies. While FinTech innovators continue to drive competition with a focus on product functionality and an optimal end user experience, businesses are often forced to use outdated tools, according to Frank Dux , managing director of CoCoNet.

Banking 105
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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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Mitek CEO: Digital Identity Must Accelerate During Pandemic

PYMNTS

Since the earliest days of human existence, the concept of trust has presented unique interpersonal challenges that are as trying in the digitized world of the 21st century as they were for ancient civilizations. According to Mitek Systems CEO Max Carnecchia , 100 years of steady, evolutionary progress on the trust front has been rocked by the global pandemic.

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SWIFT gpi Instant Goes Live In The UK

PYMNTS

Belgium-headquartered payments solution provider SWIFT is introducing a new service for real-time cross-border payments and transfers called gpi Instant. “This is an important milestone in our strategic ambition to help banks meet growing global demand for instant and frictionless cross-border payments,” David Watson , chief strategy officer at SWIFT, said in a statement on Wednesday (Dec. 2). .

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Razorpay, Visa Team For SMB Corporate Cards

PYMNTS

Razorpay Co-Founder and CEO Harshil Mathur said the company is working with Visa on a new corporate card, according to YourStory. The goal of the partnership is to provide "relief and stability" for small- to medium-sized business (SMB) owners, the companies said in the post. "This new card is specifically designed for small business owners to weather the impact of COVID-19," the post stated.

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Chinese Tech Investors Turn Attention To Indonesia’s As India’s Economy Shrinks

PYMNTS

The Indian economy has suffered a blow due to the COVID-19 pandemic in spite of its massive 1.3 billion customer base, The Wall Street Journal (WSJ) writes. India’s gross domestic product has fallen 7.5 percent compared to the same time in 2019, WSJ writes. While India was once among the world’s fastest growing economies, now it’s one of those that is contracting the quickest.

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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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Census Data: About A Third of Americans Expect Job Losses, Less Pay Or Evictions 

PYMNTS

Data from the Census Bureau’s latest survey indicates that about a third of Americans are anticipating further job loss, pay cuts and evictions due to COVID-19’s economic fallout. The third phase of the experimental Household Pulse Survey was released by the Census Bureau on Wednesday (Dec. 2) in collaboration with several federal agencies. The survey aims to collect data and glean insights about American households amid the global pandemic.

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Former Saks CEO Sadove Says Physical Retail Will Transform To Survive

PYMNTS

The 2020 holiday shopping season will be an unusual one in many respects. That’s a reality observable on Black Friday, where in-store sales were nearly literally cut in half — down 52.1 percent, according to preliminary data from Sensormatic Solutions. However, online sales bounced up 21.6 percent, according to Adobe Analytics data, as consumers by and large seemed resolved to actually take the experts’ advice and skip shopping in crowds in favor of browsing the digital aisles.

Retail 94
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Lumin Partners With JAXFCU On Digital Banking Integration

PYMNTS

PSCU company Lumin Digital is partnering with Jax Federal Credit Union (JAXFCU) to provide mobile and online banking services for over 23,000 users, which comprises around 60 percent of JAXFCU's membership, when the credit union goes live with Lumin in April of next year, according to a press release. Established in 1935, Jacksonville, Florida-based JAXFCU prides itself on its low-cost products, competitive rates and high quality of service, and strives to provide financial education to help its

Banking 93
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US Bill Would Ban Stablecoins Not Approved By Gov't

PYMNTS

A new bill introduced in the U.S. Congress would make stablecoins illegal unless they're approved by the government, according to a report by Cointelegraph. Called The Stable Act, the bill will work to protect consumers from new digital payment instruments, citing both stablecoins and Facebook 's Libra ( now Diem ), Cointelegraph reported. The bill text says it will be unlawful for people "to provide any stablecoin-related service, or otherwise engage in any stablecoin-related commercial activit

Banking 93
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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.