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Sixty years ago today (Sept. 18), a San Francisco startup launched by sending roughly 60,000 credit cards to consumers living in northern California. This startup was a bank, and its innovation was a single card that could be used by consumers to purchase things on credit from many different merchants. The card eliminated the need for consumers to establish credit with multiple merchants, then carry multiple cards issued by each of those merchants to pay for purchases over time.
As the entire sales world knows, Dreamforce is approaching—a fun-filled week of meeting people, sharing ideas, and learning about the new products that help sales teams perform better.
Adjusted EBITDA vs EBITDA . Let’s start with the EBITDA definition: E arnings B efore I nterest T ax D epreciation and A mortization. It is often used as a proxy for cash flow and is a measure of operating profit. It is a good indicator of how well the company is generating revenues and managing non controllable expenses because it excludes components such as interest, tax, and depreciation.
Amazon.com announced Wednesday (September 19) that it launched in Turkey, enabling consumers in the country to shop from millions of products over the internet. In a press release , Amazon said Amazon.com.tr is now live, featuring products in 15 different categories including books, consumer electronics, sports, outdoor, tools and more. “Our mission at Amazon is to be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online, at great pri
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
I needed a few outdoor cushions earlier this season and hired a local upholstery shop to make them. This small business is a really small business: a guy working out of a teeny tiny storefront in a little town north of Boston. The shop came highly recommended for the quality of his work and high service levels. The sole proprietor is a hard-working immigrant who’s been in business in this town for 20 years.
Sizzle Of The Week: AR/VR’s Retail Gains. Augmented reality (AR) and virtual reality (VR) have spent much of 2018 generating buzz as a potential tool for retailers looking to bridge the digital/physical gap and deliver an all-encompassing, omnichannel shopping experience. Retailers and merchants — big and small — have come running to the tech. Some of the luminaries on the field include Target , Walmart, Amazon , eBay , Macy’s, Ikea and Airbnb , all of which have made some type of notabl
Sizzle Of The Week: AR/VR’s Retail Gains. Augmented reality (AR) and virtual reality (VR) have spent much of 2018 generating buzz as a potential tool for retailers looking to bridge the digital/physical gap and deliver an all-encompassing, omnichannel shopping experience. Retailers and merchants — big and small — have come running to the tech. Some of the luminaries on the field include Target , Walmart, Amazon , eBay , Macy’s, Ikea and Airbnb , all of which have made some type of notabl
Uber Technologies, the ride-hailing company, is reportedly in early-stage talks to acquire Deliveroo , the food delivery company. Bloomberg , citing people familiar with the plans, reported the deal could be worth several billion dollars. Deliveroo , which is based in the U.K., was most recently valued at greater than $2 billion, noted Bloomberg. Acquiring the startup would be a big effort on the part of Uber to lead in the food delivery market in Europe.
The treasury management unit of PNC Bank is joining RippleNet, the firm said on Wednesday (Sept. 19). PNC Treasury Management joined the Ripple cross-border payments network that uses blockchain to facilitate global transactions. As members of the network, corporate customers of PNC Treasury Management will be able to receive cross-border payments, the FI said, adding that the solution can help them receive payments against their invoices more quickly for streamlined accounts receivable.
Spending on cognitive and artificial intelligence (AI) systems is expected to see continued strong growth as businesses invest in projects in those areas. According to market research firm International Data Corp.’s Semiannual Cognitive Artificial Intelligence Systems Spending Guide , spending on cognitive and AI systems will reach $77.6 billion in 2022, more than three times the $24.0 billion forecast for this year.
In an effort to kill the check — where B2B payments are anything but efficient — might virtual cards be the answer? In an interview with PYMNTS’ Karen Webster, Scot Yarbrough, group executive of commercial services , and Todd King, vice president of product management , both at TSYS , said the embrace of electronic payments may have been slow to get beyond a standing start, but momentum is building.
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
NACHA — The Electronic Payments Association — announced that its membership has approved three new rules that will expand Same-Day ACH for all financial institutions and their customers. The first rule will allow Same-Day ACH transactions to be submitted to the ACH Network for an additional two hours every business day, while the second boosts the Same-Day ACH per-transaction dollar limit to $100,000, and the third rule increases the speed of funds availability for certain Same-Day ACH and next
Robotics process automation (RPA) is a fast-rising star in the enterprise software space, touting its ability to go beyond surface-level automation and provide true efficiencies to businesses. Investors are clearly impressed, thanks to a funding round for one startup that now claims it may be the fastest-growing enterprise software company in history.
Amazon announced on Tuesday (Sept. 18) the launch of a new API, dubbed Alexa Gadget Toolkit, which is aimed at creating more functions for the Alexa Gadgets. According to Amazon, Alexa Gadgets are accessories that pair to compatible Echo devices via Bluetooth and extend Alexa’s abilities with motors, lights and sound chips, among other things. The toolkit offers developers self-service APIs, including Gadget Interfaces, which provide the metadata of Alexa capabilities on compatible Echo devices.
Amazon.com Inc. is reportedly gearing up to launch a new store later Monday (September 17) where consumers can shop the U.S. small and medium sized businesses that sell on the platform. According to a report in FoxBusiness.com, the store is being called Amazon Storefronts and gives customers access to a more than one million products from close to 20,000 U.S. businesses.
Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
Stripe, the payments company, announced on Monday (Sept. 17) the launch of Stripe Terminal, a product that will enable online businesses and platforms to accept in-person payments with Stripe. In a press release, Stripe said Stripe Terminal extends its infrastructure to the physical world, enabling developers to build custom payment experiences for in-person transactions in the same way they have been doing it for online merchants.
Taxify , the African ride-hailing app company, is ahead of Uber Technologies, moving from an Estonian startup to a tech unicorn within five years, reported The Wall Street Journal ( WSJ ). According to a report in the paper citing Taxify, the company has 2.4 million active users in six African countries including Uganda, South Africa, Nigeria, Tanzania, Kenya and Ghana.
The financial services (FinServ) market is, by far, ahead of other industries when it comes to blockchain innovation and adoption, according to data released this year by PricewaterhouseCoopers (PwC). Much of that innovation has been focused on corporate finance and payments, as top financial services players have introduced new blockchain solutions in an effort to disrupt and improve corporate payments.
Phishers caught a big one — any way it’s sliced, $81 million is a big haul. The fraudsters who hacked their way into the Bangladesh central bank two years ago got there by getting into software tied to the SWIFT financial platform. The way they got there? By casting a line by email, of course, offering a cautionary tale for anyone who sees a link they are quick to click.
Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.
SAP has been chosen by cosmetics company Grupo Boticário to digitize its cosmetics supply chain, reports said on Wednesday (Sept. 19). Based in Brazil, Grupo Boticário is a leading manufacturer of cosmetics and perfume. The company has points of sale across 13 countries, according to reports in Retail Times. In an announcement, Grupo Boticário said it has chosen SAP and its SAP Ariba solution to digitize its supply chain and procure-to-pay processes.
Switzerland is reportedly exploring ways to make it easier for blockchain companies to open corporate bank accounts as the government moves to prevent those innovators from leaving the country. Reports in Reuters on Friday (Sept. 21) said the Swiss Bankers Association (SBA) is taking measures to address what the publication described as an “exodus” of blockchain projects from Switzerland.
A cyberattack on what’s been described as a “decentralized” token exchange reportedly has led to a $58,000 theft and an illustration of a “shocking security vulnerability.”. According to a report in The Next Web , hackers flooded the exchange with “one billion fake EOS.” EOS refers to “a decentralized operating system [that] is developed to support decentralized applications in commercial scale by providing them [with] all the essential support and features,” as per one common definition.
Marco Polo, the blockchain-powered trade finance platform developed by R3 and TradeIX , has launched its first product following the completion of bank partners’ proof of concept. Reports in Global Trade Review said on Wednesday (Sept. 19) that Marco Polo’s receivables discounting solution is now live on the platform. Banks participating in the initiative, including BNP Paribas, Commerzbank, ING and Standard Chartered, can begin piloting the solution next month.
Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Flipkart , the Indian eCommerce company owned by Walmart , is in discussions to acquire a stake in Hotstar , the video streaming service owned by Star India. Reuters , citing Mint, the daily, reported the move comes at a time when demand for video streaming in India is growing, with companies like Netflix and Amazon Prime Video doing brisk business in the country.
Samsung has revealed that South Korea’s customs authority has agreed to use the company’s Nexledger blockchain tech for its decentralized customs clearance system. In addition, 48 domestic institutions, including public agencies and shipping and insurance companies, have also signed the memorandum of understanding (MoU), according to CoinDesk. The move will enable all parties to easily share necessary documents, such as customs declarations and delivery forms, and is being designed to “fundament
Government Payment Service , the company that enables online payments for thousands of U.S. state and local governments, has inadvertently made available information on more than 14 million customers from as long as six years ago. According to a report in KrebsOnSecurity , the data includes names, addresses, phone numbers and the last four digits of credit card numbers.
Amazon Go has launched another store, this time in the Windy City. According to Venture Beat , the Chicago store is located at 113 S. Franklin Street, and offers standard convenience store fare that includes breakfast, lunch and dinner meal kits and hot food. The location will only be open on weekdays from 7 a.m. to 8 p.m. This is the fourth Go store and the first to open outside of Amazon’s hometown of Seattle.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
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