PYMNTS
DECEMBER 20, 2017
Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. The money, from Bain Capital Ventures, will go to help the company expand its payment and transaction services nationally and internationally. Read More.
PYMNTS
DECEMBER 20, 2017
“Half the money I spend on advertising is wasted; the trouble is, I don’t know which half.”. That’s a quote from department store maven John Wanamaker, illustrating a conundrum for retailers (and merchants in general): Namely, you’ve got to reach out to consumers if you are going to convince them to buy your wares. But reaching out involves time and money — both precious commodities.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
DECEMBER 20, 2017
What do track and field stars, NASCAR drivers and millions of businesses owners around the United States have in common? They all have an appreciation for speed. While more speed may mean more endorsement money for athletes, it means faster settlements and more efficient business for commercial banking customers. With a growth in demand, banks and FinTechs are working to give business owners the speed they need.
PYMNTS
DECEMBER 21, 2017
We asked our readers to give their favorite holiday tunes a T1D spin. Here are some lyrics for all to enjoy: The Night Before Christmas with Type 1 Diabetes. ‘Twas the night before Christmas, when all through the house, Not a creature was stirring, till the CGM alarm did rouse; The testing supplies were stocked by the bedside with care, In hopes that a finger prick soon would be there.
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
.jpg)
PYMNTS
DECEMBER 19, 2017
Employee fraud is a monumental issue, especially for small businesses (SMBs) without resources to track every penny workers spend. But that fraud is only part of the problem stemming from a lack of visibility into corporate spend. In addition to employee expenses, another key challenge for companies is the money they spend, and sometimes waste, on subscription services.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
PYMNTS
DECEMBER 18, 2017
IKEA has already done some early work to embrace augmented reality in its brick-and-mortar stores. Through a recent design collaboration with Wavemaker, the company is taking the next step by using virtual reality (VR) to help shoppers more fully experience IKEA and learn more about what they’re buying. IKEA’s newest retail concept got its first test run at a Dallas store opening.
PYMNTS
DECEMBER 20, 2017
As more businesses join collaborative groups and invest in internal research and development (R&D) to explore using blockchain for new services, some firms have begun to use the technology themselves. This week, news from Citigroup, UPS and Vanguard signal interest in using the distributed ledger technology in the back office. Plus, in this week’s Blockchain Tracker, PYMNTS takes a look at how governments continue to consider the tool, with one city aiming to be the first government that run
PYMNTS
DECEMBER 19, 2017
A European Union court is slated to decide later this week if ridesharing firm Uber is a digital company or one that provides transport services. According to a report in Reuters, a ruling in the case is expected Wednesday (Dec. 20). If the court decides Uber is a transportation company, that decision should not have an immediate impact on the company’s operations.
PYMNTS
DECEMBER 19, 2017
Cryptocurrency holding company Integrated Ventures wants to disrupt the lending industry with blockchain. The company announced news on Monday (Dec. 18) of the launch of CryptoFunder, a blockchain platform that provides lenders with a way to store and manage lending information. “The CryptoFunder blockchain will be focused on qualifying, initiating, underwriting and processing funding transactions, including tracking … digitally mined assets and using them as [a] main mode of payment for
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
DECEMBER 19, 2017
Reports Monday (Dec. 18) said unnamed sources suggest Amazon is planning to invest in alternative lender Capital Float, based in India. According to The Economic Times , three unnamed sources confirmed the news, which separate reports in VCCircle said would likely be a top-up to the $45 million in Series C funding Capital Float raised earlier this year.
PYMNTS
DECEMBER 20, 2017
[link]. Pot has a payments problem. Cannabis’ status as a schedule-one narcotic means the federally chartered banks, the card networks and the traditional payments ecosystem have made it clear that they’d like to steer clear. In turn, that means digital payment methods of all kinds have largely been a no-go, making pot a $7 billion cash industry in 2016.
PYMNTS
DECEMBER 18, 2017
Tokyo-based car manufacturer Toyota led the clean cars movement with its release of the hybrid Prius a little more than a decade ago, but it has since fallen behind as the market has moved toward full electrification and eco-friendly automobile options. That looks to be changing, though, as the car company has announced that it plans to offer more than 10 purely battery-powered vehicles from 2020 on — with every car it sells available in an electric or hybrid model by 2025, TechCrunch reported M
PYMNTS
DECEMBER 18, 2017
[link]. When one person is thinking about sending an email to another, there are all kinds of things to think about: how long or short to make it; whether or not to include pictures; whether an emoji is cute or will make them look immature. But what no one wonders about as they tap out an email on an iPhone is whether or not the receiver also has an iOS-enabled phone.
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
DECEMBER 18, 2017
Citi has implemented what it calls a “blockchain-inspired” distributed ledger technology in its back-office to manage collateral in its ledger and send cash or securities, the financial institution (FI) announced Friday (Dec. 15) in a press release. The bank implemented the distributed ledger platform with CME Group in an effort to accelerate settlement of collateral.
PYMNTS
DECEMBER 20, 2017
Global Exchange is expanding its global payments services designed for the professional services space and broadening its customer scope, the company announced on Tuesday (Dec. 19). Along with its parent company, Cambridge Global Payments, Global Exchange is introducing Invoice Automation Solutions, a new service for businesses across industries that will be added into the Cambridge Global Payments offering.
PYMNTS
DECEMBER 20, 2017
Nearly a quarter of U.K. small businesses (SMBs) believe banks have changed their ways since the global financial crisis, according to a new survey by CivilisedBank. The data, according to a report by Asset Finance International , also found that most SMBs believe banks do not prioritize acting in a “civilized” manner with their customers. Small businesses said they feel employees at banks are more concerned with short-term sales instead of building long-lasting client relationships.
PYMNTS
DECEMBER 20, 2017
Data is expected to show slower economic growth across Canada for the second half of 2017 and, along with it, a slowdown in small- and medium-sized business (SMB) lending, according to new research from small business credit data and analysis firm PayNet. In its “Small Business Lending Index,” released Tuesday (Dec. 19), PayNet found a downturn in borrowing among medium-sized businesses for the month of September, with the index itself declining to 111.4 points from its previous 115.2.
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.
PYMNTS
DECEMBER 20, 2017
Geld stinkt nicht. Germany might be an economic powerhouse, its citizens are rather old fashioned but when it comes to payment preferences — and happily so. According to research inside the new PYMNTS Global Cash Index Germany Analysis, the country has a cash share of 20 percent as of 2016. That’s the sixth-highest cash share of countries in Western Europe, higher than that of neighboring nations like Belgium (15.4 percent), France (7 percent) and the Netherlands (7.1 percent).
PYMNTS
DECEMBER 19, 2017
Youbit, which operated as a cryptocurrency exchange in South Korea, announced news on Tuesday that it would file for bankruptcy following a hack that stole 17 percent of the company’s crypto “assets.”. The Telegraph reported this morning, via a statement signed by “all employees” at the company, that the company is working to minimize customer losses, with upcoming details on refunds to be provided via “additional notice.”.
PYMNTS
DECEMBER 20, 2017
A logistics startup that is already servicing some big names has announced $4.3 million in new venture capital (VC) funding. Monday (Dec. 18) reports from TechCrunch said AxleHire — which facilitates last-mile logistics and delivery for subscription commerce and consumer packaged goods (CPG) firms like HelloFresh and La Boulangerie — has secured the new funding from contributors like Acorn Pacific, RGA Ventures and other backers.
PYMNTS
DECEMBER 19, 2017
Longfin , a small startup focused on financial tech, has seen its stock price skyrocket since it started trading last week. According to Fortune , New York-based Longfin started trading on the NASDAQ last week at $5. But after announcing on Friday that it acquired startup Ziddu.com , which uses the blockchain ledger accounting technology from digital currencies to make small loans, Longfin saw its stock price more than quadruple to almost $24 a share.
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
DECEMBER 19, 2017
Embattled toy and game retailer Toys R Us may close 100 U.S. storefronts following weaker-than-expected holiday sales , Bloomberg reported Monday (Dec. 18). Store sales for the Wayne, New Jersey-based firm have declined 15 percent this holiday shopping season compared to last, and the number of brick-and-mortar toy stores shuttering after the holidays could reach as high as 200.
PYMNTS
DECEMBER 20, 2017
World, meet Magic Leap One. Magic Leap One, meet the world. More at: [link] pic.twitter.com/2iXgyPs21K — Magic Leap (@magicleap) December 20, 2017. So here are the pictures of the new Magic Leap goggles coming soon. Also here is some early prototype pics via Rolling Stone who Magic Leap CEO Rony Abovitz shared the new Magic Leap news with. [link].
PYMNTS
DECEMBER 19, 2017
With home security firm Ring reporting that nearly one in five homeowners in the U.S. have experienced package theft in the last year, companies like Sacramento, California-based package delivery locker system Luxer One are setting up package delivery systems to prevent porch pirates, CNBC reported Monday (Dec. 18). With the rise in eCommerce and online spending in 2017, most shipping and logistics firms are expecting record delivery numbers, and Adobe Analytics is predicting the first $100 bill
PYMNTS
DECEMBER 18, 2017
Chief Financial Officers (CFOs) have more on their plates than ever before. Financial management and strategy is now only part of the job description, which has come to include guiding their organizations’ tech adoption, cybersecurity efforts and growth strategy as well. Amid these changes is a world of regulatory shifts, from tax reform in the U.S. to financial reform in China and Brexit in the U.K.
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.
Expert insights. Personalized for you.
111 
Let's personalize your content