PYMNTS

OCTOBER 10, 2019

With real-time payments spreading throughout the world (perhaps more slowly than expected, but still spreading), the characteristics of pull payments mean they are likely to play only a marginal role. That’s the view shared by Trevor LaFleche, director of product management and marketing for Enterprise Payments Solutions at Fiserv , during a recent PYMNTS discussion that centered around the spread of real-time payments, and their global prospects going into 2020.

Securities 80

Securities Accounting Banking Marketing 80

Future CFO

OCTOBER 7, 2019

According to IDC’s Worldwide Semiannual Security Spending Guide , global spending on security-related hardware, software, and services is forecast to reach US$103.1 billion in 2019, up 9.4% over 2018. Is that a good sign? Perhaps better than nothing? The Cybersecurity Ventures report, 2019 Official Annual Cybercrime Report , predicts that cybercrime will cost the world in excess of US$6 trillion annually by 2021, up from US$3 trillion in 2015.

Budgeting 52

Budgeting Securities Benchmarking CFO 52

CFA Institute

OCTOBER 8, 2019

How do we test how environmental, social, and governance (ESG) investing returns compare to those of similar traditional investments? The simplest way is to look at bonds.

Investments 52

Investments Performance Measuring Economics 52

Planful

OCTOBER 8, 2019

The organizational planning process is rarely something that people look forward to. As we inch closer to the end of one year and the beginning of the next, the specter of yet another long, tedious, and quick-to-be-outdated planning process is upon us all. . But think for a moment about your business. It changes daily. What was a hot topic in the spring is probably not what you’re focused on now.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Forecasting Budgeting 40

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

Investments

PYMNTS

OCTOBER 7, 2019

The new 5G mobile network technology has started to make its initial foray into healthcare, and at a time when issues of cost, efficiency and accessibility are gaining even more focus than was the case before. As all that happens, potential use cases for 5G in the healthcare space are taking at least rough shape. Various deployments might take years to play out, given the bureaucracy and legacy inertia common in the massive healthcare industry.

Healthcare 78

Healthcare Communication Data Analysis Securities 78

CFA Institute

OCTOBER 10, 2019

“I've been studying liberal arts investing for 20 years," Robert G. Hagstrom, CFA, says. "Liberal arts investing becomes popular when things get hard.”.

Investments 52

Investments Economics 52

PYMNTS

OCTOBER 10, 2019

Bank of America (BoA) may have hired a treasury product manager to work with Ripple. According to Cointelegraph , the bank recently took down a job listing about the position on LinkedIn. “This role leads the product management team for the Ripple Project, a decentralized ledger technology-based solution to cross-border payments marketed to [global transaction services (GTS)] clients,” the job listing read.

Treasury 76

Treasury Banking Currencies Finance 76

PYMNTS

OCTOBER 9, 2019

Real-time currency exchange and remittance network Ripple has teamed up with Finastra to allow banking customers to access RippleNet , its worldwide blockchain payments network. Ripple said it will provide for more affordable, faster and more reliable payments. Users will be hosted on Ripple’s cloud solution and will be able to use On-Demand Liquidity, which will allow for the leveraging of XRP for cross-border payments. “This partnership will enable Ripple to expand the reach and solution

Currencies 75

Currencies Leverage Banking Sales 75

PYMNTS

OCTOBER 9, 2019

Real-time currency exchange and remittance network Ripple has teamed up with Finastra to allow banking customers to access RippleNet , its worldwide blockchain payments network. Ripple said it will provide for more affordable, faster and more reliable payments. Users will be hosted on Ripple’s cloud solution and will be able to use On-Demand Liquidity, which will allow for the leveraging of XRP for cross-border payments. “This partnership will enable Ripple to expand the reach and solution

Currencies 75

Currencies Leverage Banking Sales 75

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.

Accounting

PYMNTS

OCTOBER 5, 2019

It has happened to all but the most organized among us. We’re minding our own business, cleaning out a closet or reorganizing the bookshelf, when it suddenly thrusts itself upon us. That lost library book we had almost managed to convince ourselves no longer existed. The book that became the second reason we’ve avoided going to the library since the waning days of the second Bush administration.

Entertainment 75

Entertainment Accounting Banking Marketing 75

PYMNTS

OCTOBER 8, 2019

Citi has recruited foreign exchange management firm Kantox to enhance its FX services for corporate clients, the companies said in a press release on Monday (Oct. 7). According to Kantox, the company will provide its FX management and business payment solutions to Citi Commercial Bank’s international businesses based in the U.S., enabling those firms to access a custom platform that integrates with Citi’s existing foreign currency payments solution.

Foreign Exchange 74

Foreign Exchange Treasury Currencies Banking 74

PYMNTS

OCTOBER 11, 2019

For central banks, when it comes to cryptocurrencies, there’s no central theme. Whether the advent of digital coins signifies an existential threat to monetary policy at its most basic level – the way it’s been done for, well, centuries – depends on who’s weighing in on the subject. Some central banks are embracing the concept. Others, not so much. Yays and Nays.

Banking 73

Banking Currencies Marketing Technology 73

PYMNTS

OCTOBER 8, 2019

The umbrella company running Bitfinex and Tether , iFinex, has been hit with a $1 trillion class-action lawsuit. Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. “Together, Bitfinex and Tether manipulated a market that, by design, is supposed to be decentralized,” states the lawsuit. The filing comes days after the company revealed that it was expecting a lawsuit to be filed against it.

Currencies 72

Currencies Banking Marketing Technology 72

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.

Accounting

PYMNTS

OCTOBER 10, 2019

The Royal Mint announced that it is partnering with Mastercard and Accomplish Financial to launch a solid gold payment card. The 18-karat gold Raris card — the first payment card to be manufactured by The Royal Mint — is personalized for Raris accountholders, with their name and signature engraved into the metal. Some of the account benefits include limitless spending, zero foreign exchange or transaction fees, with additional benefits through Mastercard World Elite such as a dedicated concierge

Foreign Exchange 72

Foreign Exchange Manufacturing Leverage Securities 72

PYMNTS

OCTOBER 11, 2019

Adding another possible legal showdown to the Libra crypto project , and potentially adding to its list of challenges, Facebook’s Calibra is facing a suit for trademark infringement by the Current mobile banking app. The complaint claims that Calibra’s logo is too similar to Current’s, which the FinTech has been using since August of 2016, CoinDesk reported.

Currencies 71

Currencies Communication Banking Accounting 71

PYMNTS

OCTOBER 11, 2019

Salesforce is rounding out its offering for online sellers with the addition of Lightning Order Management, reports in Retail TouchPoints said this week. The publication reported Thursday (Oct. 10) that Salesforce’s new order management function targets integration of the order process, including fulfillment and customer service. The tool fits within the existing Salesforce Commerce Cloud suite of services, which include inventory management, order updates and return tools.

B2B 71

B2B eCommerce Retail 71

PYMNTS

OCTOBER 10, 2019

Crowdsourcing is all the rage in the digital economy, and now Goldman Sachs is using that method in hopes of finding — and making big money from — the next hot startup. The move comes amid the expanded use of crowdsourcing for a variety of tasks vital to payments and commerce. Here’s the news, according to CNBC : A Goldman Sachs program called GS Accelerate enables Goldman employers to pitch their bosses on potential new companies.

Retail 70

Retail Education Startups Securities 70

Advertisement

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.

Reconciliations

PYMNTS

OCTOBER 8, 2019

New regulation principles to govern digital currencies are in the works by the European Union’s finance commissioner after fears ignited by Facebook’s planned Libra coin launch, Reuters reported on Tuesday (Oct. 8). France and Germany are among the many countries alarmed that the size and scope of Libra could disrupt legal control over the currency.

Currencies 69

Currencies Finance Planning Securities 69

PYMNTS

OCTOBER 9, 2019

Commercial payments company WEX has announced a collaboration with Mastercard that will allow the firm to issue virtual cards in the Middle East. In a press release announcing its geographic expansion, WEX said Tuesday (Oct. 8) that it will be able to issue virtual Mastercard cards in the United Arab Emirates following approval from the Central Bank of the UAE to operate in the market.

Accounts Payable 68

Accounts Payable Foreign Exchange B2B Accounting 68

PYMNTS

OCTOBER 10, 2019

Alipay revealed that it will be banning any transactions related to bitcoin and other cryptocurrencies. Its announcement came the day after crypto exchange Binance tweeted that it is now accepting fiat currencies via Alipay, as well as via mobile messaging and payment app WeChat. Alipay refuted that claim in a Twitter thread , writing “There’re several reports about @Alipay being used for bitcoin transactions.

Currencies 67

Currencies Compliance Accounting Planning 67

PYMNTS

OCTOBER 7, 2019

The good news for customers — and the challenge for financial services players, both established and emerging as the decade comes to a close — is that when it comes to payments, this is the era of customer choice. Walking around at the Sibos conference in London last week, Vocalink CEO Gregor Dobbie said the big takeaway is that this industry is undergoing not one, but several foundational shifts as a plethora of new ideas and methods are flooding into the market.

Accounting 67

Accounting B2B Numbers Securities 67

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

Sales

PYMNTS

OCTOBER 7, 2019

India-based hotel and booking startup OYO announced a $1.5 billion funding round led by founder Ritesh Agarwal, SoftBank’s Vision Fund, Lightspeed Venture Partners and Sequoia India, Bloomberg announced on Monday (Oct. 7). Agarwal, who founded OYO in 2013, will triple his interest in the firm with a $700 million investment to buy new shares, bringing its valuation to $10 billion.

Startups 65

Startups Valuation Communication Investments 65

PYMNTS

OCTOBER 10, 2019

Global payments firm Ingenico Group is launching a suite of payment methods to help eCommerce firms operating in China, the company announced in a press release on Thursday (Oct. 10). Ingenico noted that 82 percent of people in China use some type of mobile device. To better serve them, Ingenico has teamed up with Alipay, WeChat Pay and UnionPay. Ingenico is among the first global payment service providers (PSP) that fully integrates with all aspects of WeChat Pay, allowing its 1.1 billion users

eCommerce 64

eCommerce Currencies Retail Marketing 64

PYMNTS

OCTOBER 8, 2019

When Affirm launched in February 2013, the point-of-sale (POS) financing marketplace in the U.S. was largely an empty greenfield wherein PayPal Co-Founder Max Levchin set up virtual stall. The motivating idea, Levchin told PYMNTS, was pretty simple: offer an honest, transparent and data driven POS financing product that was accessible for any consumer for whom it is also affordable when paid off in monthly installments.

Finance 63

Finance Budgeting Startups Marketing 63

PYMNTS

OCTOBER 7, 2019

More than a century of automotive culture has brought many exiting eras. Think about how the affordable Ford Model T opened up car ownership to the masses, or the macho fun of the muscle car era, or even the more mundane joy of the fuel-efficiency revolution over the last generation or so. Another exciting time is playing out now before our eyes: the rise of the connected vehicle ecosystem, and the race to get market share for various software and platforms vital to this area of payments and com

Manufacturing 63

Manufacturing Technology Planning Marketing 63

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.

Marketing