PYMNTS
OCTOBER 1, 2019
In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. banks will slash over 200,000 jobs. Veteran Wall Street Analyst Mike Mayo noted that cuts of such magnitude would comprise over 10 percent of total bank jobs, and pave the way for a “golden age of banking efficiency,” the Financial Times reported.
Future CFO
OCTOBER 4, 2019
The Regional Risks for Doing Business report offers a business perspective on the impact of global risks and illustrates how they are experienced differently in each region. . Download The post Regional risks for doing business 2019 appeared first on FutureCFO.
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CFA Institute
OCTOBER 3, 2019
Is active management's decade-long losing streak to passive management due to high fees, a lack of manager skill, or something else?
PYMNTS
OCTOBER 2, 2019
To get a sense of where faster payments are headed, look to the consumer. There are dozens of faster payment schemes rooted or taking shape around the world — 54 at last count. Some of them have been mandated by governments, readying for anticipated demand. That’s a staggering leap from the 14 live faster payment schemes that existed worldwide in 2014, when FIS first released Flavors of Fast.
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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PYMNTS
OCTOBER 4, 2019
With the recent launch of the Apple Card , Apple has sent a signal that they seek to offer a better user experience than banks. In fact, their slogan for the card is “Created by Apple, Not a Bank?.” The fact that Apple is entering the space should serve as a wake-up call to banks, according to Rachna Ahlawat , co-founder and executive vice president of Ondot Systems.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
PYMNTS
OCTOBER 3, 2019
Many FIs and merchants that have fallen victim to fraud traditionally respond by assessing the damage, pinpointing how the attack succeeded and implementing new measures to prevent similar schemes from happening again. Some businesses are looking for solutions that will help them stop fraud from happening in the first place as criminals become increasingly creative and aggressive in their efforts to steal data and funds.
PYMNTS
OCTOBER 3, 2019
Application program interfaces (APIs) are helping to speed Open Banking — and, by extension, bringing trade finance into the digital age. To that end, HSBC said last week that it is deploying an API designed to promote bank collaboration, with a focus on trade finance. The API, according to reports , will allow HSBC partner banks to issue local guarantees across markets — and where those banks do not have an operating presence.
PYMNTS
OCTOBER 2, 2019
Money transfer company MoneyGram announced that it is expanding its loyalty program to customers in France, Italy, Germany and Spain. “We have seen a positive response and strong adoption rates from our loyalty program in the U.S., resulting in increased customer transaction frequency and retention rates,” Alex Holmes, MoneyGram chairman and CEO, said in a press release.
PYMNTS
OCTOBER 4, 2019
Consumers are creatures of habit — but those habits can be complex, and can certainly vary according to such factors as geography, age and even fitness level. Businesses that can tap into those habits can often tap into a gold mine. However, it can be much harder than it seems, even for the smartest and most data-driven of entrepreneurs. That’s the sense one gets after listening to Fritz Lanman, CEO at ClassPass.
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.
PYMNTS
OCTOBER 1, 2019
With “URGENT/11” possibly introducing risks for medical devices and hospital networks if exploited by a remote attacker, the U.S. Food and Drug Administration is informing patients, manufacturers and IT staff in health care facilities about the cybersecurity vulnerabilities. URGENT/11 impacts multiple operating systems that then may affect medical devices connected to a communications network in addition to other connected equipment, the agency said in a press release.
PYMNTS
OCTOBER 2, 2019
Uber coughed up over $3 billion to get its hands on Dubai’s ride-hailing startup Careem, the Financial Times reported on Wednesday (Oct. 2). Founded in 2012, the ride-hailing unicorn – which is valued at over $1 billion – was the premier tech startup in the Middle East and North Africa. Uber paid $3.1 billion to take ownership. The deal is expected to close in January of 2020.
PYMNTS
SEPTEMBER 30, 2019
American Express has announced a new incentive for small businesses to sign up for its Amazon Business Prime American Express Card. Reports in NerdWallet on Friday (Sept. 27) said that in addition to the $125 Amazon gift card provided to small businesses that are Prime members and are approved for the small business credit card, American Express is also offering rewards linked to spend regardless of whether or not that small business makes purchases on Amazon.
PYMNTS
SEPTEMBER 30, 2019
We all know the drill. After receiving treatment at a hospital (whether an in-and-out affair, such as an MRI, or a multi-day stay in a room), the insurance notices and bills start arriving. The first one, two or three are usually ignored, perhaps put on a pile for later consideration or filing. After all, those early figures are often not what a specific patient will end up paying out of pocket.
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.
PYMNTS
OCTOBER 1, 2019
There are many ways a firm can measure the value of instant payments, and determine how much of a return on investment (ROI) it can expect to reap. A firm can look at it in terms of how much it will save by stepping away from the costly and inefficient world of paper checks, or it can evaluate in terms of the auxiliary services and features it will be able to offer to its customers, and potentially monetize in the future.
PYMNTS
SEPTEMBER 30, 2019
AI and ML are some of today’s most hotly discussed technologies, sparking both optimism about a future less reliant on human labor as well as fears of job loss. QSRs have ample opportunities for such technologies. Hungry customers can use sophisticated AI tools to place orders by talking to voice assistants as if they were human cashiers, for example.
PYMNTS
SEPTEMBER 30, 2019
Mastercard has launched Threat Scan, a global solution to help banks spot authorization weaknesses before a breach occurs, the company announced in a press release on Tuesday, Oct. 1. The new service is being featured at the Mastercard Cybersecurity Summit in Croatia from Sept. 30-Oct. 3. As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston
PYMNTS
OCTOBER 2, 2019
Trucking is a difficult and vital job. It’s not only the long, often-lonely hours, but the anxiety — as well as the lost time and money — that comes from inefficient dispatching and last-minute (perhaps unwanted) loads, among other points. Stress can run high for both drivers and trucking companies, especially those still stuck in the analog era, or those with digital capabilities that haven’t advanced in a decade or more.
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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.
PYMNTS
OCTOBER 4, 2019
These are indeed the days for mergers and acquisitions (M&A) in the world of payments, and that trend looks likely to hold into the 2020s. That raises several questions for financial institutions (FIs), FinTech firms and payment service providers as they figure out how to best navigate this changing world. It can be confusing to figure out what to do.
PYMNTS
OCTOBER 3, 2019
Amazon has opened its first physical store in Massachusetts. Located at the Natick Mall in Natick, Massachusetts, the 4-star store is the fifth physical location nationwide for the eCommerce giant. The first location opened in New York City last September, followed by Lone Tree, Colorado, Berkeley, California, and Seattle, Washington. “We created Amazon 4-star to be a place where customers can discover products they will love.
PYMNTS
OCTOBER 1, 2019
Fifty-four faster payment schemes — and counting. Real-time payments are on the radar for most banks, and the opportunity is there to grow top lines and cement customer relationships. To that end, said Craig Ramsey, head of real-time payments at ACI Worldwide , in an interview with PYMNTS, the approach a financial institution (FI) takes toward faster payments at the beginning, and at the highest strategic level, matters — quite a bit.
PYMNTS
OCTOBER 3, 2019
Facebook’s proposed cryptocurrency Libra has had its fair share of scrutiny and regulatory issues, and now the Financial Times is reporting that PayPal is very close to leaving the 28-company coalition meant to help Libra gain legitimacy and come to fruition. Representatives from all 28 Libra backers were set to meet in Washington on Thursday (Oct. 3) to discuss how to handle the backlash and move forward; all were present except for PayPal.
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
PYMNTS
SEPTEMBER 30, 2019
PayPal Holdings announced that it can do business in China after buying a controlling stake in a domestic payments firm. The deal would make PayPal the first foreign firm to enter China’s payment services market. “The People’s Bank of China has approved PayPal Information Technologies Co., Ltd.’s acquisition of a 70 percent equity interest in Guofubao Information Technology Co.
PYMNTS
SEPTEMBER 30, 2019
PayPal has bought a majority stake in Chinese payments group Guofubao (NationPay), and has acquired a payments license in the country, according to a report by the Financial Times. . PayPal bought a 70 percent stake in the company for an undisclosed amount, and the country’s central bank approved the deal. This means that PayPal is the first outside country to become a part of the payments market in the country in the two years since Beijing said outside countries would be eligible.
PYMNTS
OCTOBER 1, 2019
EMV seems to be that payments issue that just won’t go away, but not in the U.S., where at least one vital and robust sector of commerce has yet to adopt the global security standard en masse. We are talking about gas stations and convenience stores, with their EMV liability shift pushed back to Oct. 1, 2020 — at one point, the deadline was in 2017.
PYMNTS
OCTOBER 3, 2019
Square has announced that it’s launching a CBD early access program , which will allow vendors in the United States to sell CBD products using Square. CBD, short for cannabidiol, is a chemical compound from the cannabis plant without the THC. It’s commonly used for anxiety, pain and a slew of other maladies. It was legalized in 2018, and Square now wants to “make our tools available to sellers in the CBD space, so they can start, run and grow their business on Square.”.
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.
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