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A good forecast is a notoriously difficult thing to write – particularly if one is trying to write it about the payments and commerce ecosystem. Had we told the world a year ago today that Amazon was going to buy Whole Foods, that Walmart Pay would surpass Apple Pay as a consistently favored mobile payment method, that CES would essentially become a showdown between Alexa and Google Assistant, that Uber would take a major valuation haircut in its next funding round, that bitcoin was going to be
Corporate leaders in all industries will strive to collect, analyze, and leverage large amounts of business data, and this is quickly becoming the basis of competition to ensure relevancy in the future. Those who fail to do so may fall behind. The Data Landscape. The idea of creating business value from data is not new, however, efficacy requires agile thinking.
Western Union reported results Tuesday that showed continued momentum in its digital business, as consumer money transfers grew on a cross-border basis. The company posted 4 percent growth in the top line to $1.4 billion, which topped the Street by $40 million, while earnings of 41 cents a share missed the Street by four pennies. In remarks made on the earnings call , Hikmet Ersek, president and CEO of the company, said that the improvement in the top line came amid improved spend in the company
The conversation around B2B payments innovation and progress cannot be held without the banks. Sure, FinTechs are flocking to the industry to play their part in disruption, but traditional FIs have to be involved in addressing and solving the many, many points of friction that plague corporate payments today, from late invoice payments to clunky cross-border transactions.
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.
Transaction banking products provider Intellect Global Transaction Banking (iGTB) and cloud-based software solutions firm Pivotal are partnering to enhance corporate banking technology for businesses in the U.S. and U.K. The companies made an announcement Friday (Feb. 9) noting iGTB will lend its cash management platform, CBX 18, to Pivotal clients via its Pivotal Cloud Foundry cloud platforms.
Small and medium-sized businesses (SMBs) have a problem. While SMB owners may be expert bakers, carpenters or designers, managing the back office activities that keep the business on an even keel is typically not their forte. That’s especially true when it comes to getting paid for their work, a process that can drag between getting invoices out and getting payments in.
Small and medium-sized businesses (SMBs) have a problem. While SMB owners may be expert bakers, carpenters or designers, managing the back office activities that keep the business on an even keel is typically not their forte. That’s especially true when it comes to getting paid for their work, a process that can drag between getting invoices out and getting payments in.
A month after security researchers publicized security flaws in Intel ’s microchips, along with those of other manufacturers, the company is facing 32 lawsuits over the vulnerabilities. Intel was not able to estimate how much those lawsuits might cost the company, Reuters reported. The basis of many of the lawsuits is that Intel’s “actions and/or omissions” in relation to the flaws harmed Intel’s customers.
Oracle is rolling out new mobile apps deploying artificial intelligence (AI) targeted at chief financial officers (CFOs) and other corporate finance professionals. The company issued a press release on Tuesday (Feb. 13) announcing the launch of its new Oracle Adaptive Intelligent Applications for ERP (enterprise resource planning). The tools aim to enhance existing solutions in the enterprise via automation and can be applied to an array of processes, including procurement, financial management
In a world where we’re bombarded daily — even hourly — by data points on everything from stock prices and market cap to retail sales and consumer spending to cryptocurrency’s ups and downs to the impact of innovation on the future of payments, commerce and financial services, we’re all just flying blind when it comes to the things that really matter to businesses and consumers.
FedEx said on Thursday (Feb. 15) that it has found no evidence that private customer data was “misappropriated” when it was made visible on an unsecured server earlier in February. According to news from Reuters, the server that was made visible contained more than 119,000 scanned documents from U.S. and international citizens, including passports, driver’s licenses and security identification.
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.
eCommerce marketplace eBay will add new augmented reality (AR) features this year to make shopping on its site more engaging. As a result, the auction site is at work on a new AR kit, Fortune reported. With the kit, eBay could let shoppers see how something would look — like a set of new tires on a car — before bidding on or buying an item. It could also help sellers choose the right box size for an item by showing an image of a box over an item for sale.
While there’s been much hype surrounding venture capitalists’ growing attention on B2B FinTech, this year has largely been lackluster for the industry. This week, however, B2B startups enjoyed a solid moment of funding, as familiar names like Tipalti were joined by newcomers like Zervant to address an array of business finance needs. We break down where $77.5 million landed this week (including the blockchain company that secured most of it) below.
Talking about personal finance is never easy. Talking about personal finance with voice-activated assistants might not be easy, either, unless access to and management of data – oh, and interaction between user and device, of course – are seamless. As anyone who has used an Alexa skill might know, the movement toward conversational finance, or financial conversations, is a tricky one, as specific instructions or questions (okay, they are commands, really) have traditionally been needed to spur t
PepsiCo turned some heads with its quarterly earnings call announcement that it would take some of its tax reform windfall and reinvest it in improving the firm’s eCommerce efforts. According to PepsiCo CEO Indra K. Nooyi, that decision is entirely bottom line-driven – eCommerce was good for Pepsi last year. She told investors during the earnings call that Pepsi’s investment in “eCommerce across multiple channels, from e-grocery, to direct to consumer, to pure play, helped drive exception
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.
An alternative lending conglomerate based in the U.K. just secured more than $97 million through an initial public offering. TruFin reportedly raised the funds via its float on the London Stock Exchange, according to BQ Live on Tuesday (Feb. 13). The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market.
As Amazon gears up to compete with rivals in Brazil, the eCommerce retailer is reportedly seeking to lease a 50,000-square-meter warehouse near São Paulo. The potential investment indicates that Amazon may soon distribute electronics and other goods sold on its Brazilian website, Reuters reported. Currently, third parties ship their own goods sold on Amazon’s marketplace in Brazil.
Supply chain managers are less than impressed with the current solutions in place for cost analysis. New research from the Association for Supply Chain Management (APICS) and the Institute of Management Accountants (IMA) finds these professionals are struggling to grasp the insight they need into how much their companies spend on goods and services.
Driven by demand for the iPhone X, Apple captured 51 percent of the revenue in the world’s wholesale smartphone market. Sales of its iPhones topped more than $60 billion in the fourth quarter of 2017, which was approximately seven times higher than sales of Huawei’s smartphones , MacRumors reported. Apple’s global wholesale smartphone revenue reached $61.4 billion in the fourth quarter of 2017.
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.
For nearly three decades, customers of McDonald’s have been able to buy burgers, fries and chance to play an in-house game of McDonald’s Monopoly. By collecting playing pieces earned through purchases, customers can get a tasty meal — and maybe win something along the way. But McDonald’s doesn’t rest on its laurels; it has to continually adapt the game to changing consumer tastes.
WeChat Pay, the mobile payment arm of China’s WeChat, is running promotions to celebrate the Chinese Lunar New Year, also referred to as the Spring Festival. Mobile Payments Today reported that WeChat Pay will provide Chinese tourists with the chance to receive a red packet, which is a traditional monetary gift, when they shop at merchants that are participating in the promotion during the Spring Festival.
Think small, goes the saying, to effect big change. For community banks serving small- to mid-sized businesses (SMBs), training an eye on credit cards can translate into additional revenue streams and tap into an unmet need for those SMBs. There’s a lot of runway here. As noted in a whitepaper commissioned by ICBA Bancard and Visa, surveying more than 3,400 SMBs, A.T.
Today is Valentine’s Day, and although the hours grow short, there is still time to get the special someone a special something. We all know the classics, of course, flowers, chocolates and jewelry tend to make up the love trifecta on our national annual celebration of love, with stuffed animals and lingerie getting the annual honorable mention.
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.
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One of the newest technologies in FinTech is coming to one of the oldest American outdoor gear brands. Now arriving at L.L. Bean ? The blockchain. Through a pilot this year, the retailer plans to design coats and boots with sensors which will interface with an ethereum-based platform. A New York company, Loomia , will make the circuits for the items — and hardware that utilizes near-field communication (NFC) technology to collect data.
If decentralization is everything in blockchain, what does that mean beyond just the transaction — for the actual sharing of data, of things of value, of content itself? One company, Viewly, based in Slovenia, seeks to bring a token and blockchain-based model to the video content realm, leveraging a patronage model to bring together creators and their audience, however niche (and nascent) they might be.
ANZ, one of Australia’s largest banks, is set to doll out nearly $8 billion in refunds to small business customers using the FI’s commercial card products. Reports in Dynamic Business on Friday (Feb. 9) said the refunds will be paid out across 52,000 credit card accounts held by business customers as a result of failure to disclose fees and interest charges.
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