PYMNTS
MAY 12, 2020
For all the human and business impacts caused by the global coronavirus pandemic, the crisis has also been instructive, particularly in illustrating the shortcomings in systems that worked just fine — until they didn’t. The massive and simultaneous global shift to digital has put a spotlight on traditional supply chains, antiquated paper-based processes and an aging payments infrastructure.
Adam Kae
MAY 14, 2020
Let’s start with this: we are not fortune-tellers. We don’t know what’s going to happen in the next few years, but based on other expert opinions and our own experience, we can help you prepare for your business life after coronavirus. This time tests your business management skills, but we have strategies that can help your small business financially recover after the novel coronavirus.
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CFA Institute
MAY 12, 2020
Our economies are under the stewardship of fund managers with one goal in mind: to maximize fee income, even if it means holding on to impaired assets.
Future CFO
MAY 11, 2020
CFOs and finance professionals are expected to offer increasingly forward-looking solutions that provide strategic direction for the enterprise, which is excellent! But, meanwhile, they still need to juggle all the variables of their traditional role. Robotic process automation (RPA) is envisioned by proponents as a way to reap the benefits of technology and process innovation.
Speaker: Frank Taliano
Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.
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PYMNTS
MAY 15, 2020
The fact that grocery stores are comprehensively winning the race to keep the American consumer fed shouldn’t be too surprising, considering grocery stores are by and large still open for business, and restaurants have been forced by statute in most places to close their doors. In the world of retail sales, it’s hard to find a bigger advantage than being open in the face of everyone else’s closure.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
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PYMNTS
MAY 13, 2020
Consumers are thinking about their commerce experience through an entirely different and largely safety-focused lens in a way they never have before. It’s a story told in the data — the PYMNTS COVID-19 Brief Series quantifies the myriad ways health and safety have become prime factors in consumers’ lifestyle choices. And it’s a story told in the subtle but noticeable shifts happening in all of our own lives anecdotally.
PYMNTS
MAY 13, 2020
Visa said Wednesday (May 13) that 28 new partners — spanning a range of gateway acquirers and technology partners — are joining Visa Token Service as credential on file token requestors. The 28 additions add significantly to the 150 token requestor partners that had been included in Visa Token Service through the years since the service launched in 2014.
PYMNTS
MAY 12, 2020
The rise of the machines seems a bit closer at hand now that we are battling the pandemic. Not the humanoids that are the stuff of science fiction that ostensibly, one day, will do our bidding (and, depending on who you read, perhaps conspire against us). Picture, instead, fleets of utilitarian machines, squat, careful and not at all threatening, rolling through retailers’ aisles, hospital wings and other avenues of everyday human life.
PYMNTS
MAY 14, 2020
The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the Federal Trade Commission (FTC) since the beginning of the year. The trouble is that the restrictions put into place to help slow the pandemic’s spread has forced brick-and-mortar businesses to close, and therefore driving up the demand for digital onboarding solutions.
Speaker: Claire Grosjean
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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PYMNTS
MAY 14, 2020
FedEx Corp. could be the first major delivery company to limit the number of items retailers can ship to protect its network from being overwhelmed during COVID-19, The Wall Street Journal reported. Among the two dozen retailers who have been notified by FedEx of the unusual limits include Kohl’s, DSW, Nordstrom, Neiman Marcus, Hobby Lobby, Eddie Bauer and Bed Bath & Beyond.
PYMNTS
MAY 14, 2020
Estimating a loss of $915 million in the second quarter, Starbucks is asking landlords of all of its stores to pardon it for at least a part of rent for the next year, according to a CNBC report. The coffee chain has been affected by the coronavirus pandemic, which has had people staying at home and unable to enter stores as usual, along with reduced operating hours to slow the spread of the virus.
PYMNTS
MAY 15, 2020
Amazon has filed suit against two companies that are allegedly operating a global tech support scheme targeting Alexa users, CNN reported. The lawsuit, filed last week in U.S. District Court in Seattle, alleges Washington-based Robojap Technologies and Quatic Software Solutions in Punjab, India have scammed Amazon users by offering help to install Alexa on their devices through fake websites and applications.
PYMNTS
MAY 14, 2020
American Express is teaming up with Invoiced to help customers with an exclusive offer for 40 percent off an Invoiced subscription for the first two years. In a press release, American Express said it is committed to helping the digitization of B2B payments, still oft-regulated to paper and which end up being time-consuming and inefficient. A recent PYMNTS study found that around 80 percent of businesses still make payments with paper checks, while 72.4 percent still receive invoice information
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
PYMNTS
MAY 12, 2020
There was a time when consumers did not require much more from their local bank than a checking account, savings account and an ATM card. This has changed dramatically in recent years as consumers’ financial lives have migrated to the digital realm. Consumers are paying with credit and debit cards more than ever before, and they are increasingly looking to their smartphones to gain greater control over how they spend and manage their money.
PYMNTS
MAY 13, 2020
At a quick glance, Africa as a continent lags behind the rest of the world in terms of pushing its population of roughly 1.2 billion people into the digital age. In the U.S., 81 percent of consumers have smartphones, nearly doubling the global average of 45.04 percent. The only nation in sub-Saharan Africa with smartphone penetration above the global average, according to the Pew Research Center , is South Africa, where 51 percent of the population reports having smartphone.
PYMNTS
MAY 12, 2020
In Toronto, a new service called DMS ShopHERE , powered by the Schulich School of Business, aims to help small companies and artists move their businesses online. The initiative will provide small to medium-sized businesses (SMBs) with aid in establishing online stores within days, setting up eCommerce payment channels for eCommerce and activating the stores on several digital marketing platforms.
PYMNTS
MAY 9, 2020
Before 1980, the typical American vacation, no matter its destination, always began with a road trip. Sandwiches and cold drinks packed in a cooler, the maps spread out in the passenger seat and the license plate game were all basic staples of every family trip. For the particularly well-prepared families, there was AAA – which, if you told them your ultimate destination, would send you “a little spiral-bound book that mapped the trip – with directions, places to stop to eat and hotel recommenda
Speaker: Dave Sackett
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
PYMNTS
MAY 15, 2020
The experts were expecting a weak retail sales report when the numbers hit the wires earlier today (May 15) – but even in an environment of diminished expectations, the number reported by the Census Bureau was a disappointment. Consumer spending, which represents roughly two-thirds of the U.S. GDP, took a 16.4 percent drop in April from the prior month, according to the release – notably more than the 12.3 percent economists forecasted before the release, and double the record of the 8.3 percen
PYMNTS
MAY 14, 2020
Union Square Hospitality Group founder and CEO Danny Meyer said he doesn’t see reopening the dining rooms of his 19 restaurants located across New York City until after there is a vaccine for the coronavirus. “There is no interest or excitement on my part to having a half-full dining room while everyone is getting their temperature taken and wearing masks, for not much money,” Meyer told Bloomberg in a report on Thursday (May 14). .
PYMNTS
MAY 11, 2020
Consumers are treating spending very differently today than they were even eight weeks ago. That fact is increasingly underlined in a variety of data streams: recent PYMNTS consumer surveys, the earnings reports of the card networks, early information on how stimulus funds are being spent – they all tell the same story of consumers tightening their belts and shifting away from discretionary spending and toward necessities.
PYMNTS
MAY 15, 2020
As the pandemic quickly transformed the labor market, layoffs in the U.S. surged to an all-time high in March. The count of individuals resigning from their positions fell to the lowest level in four and a half years, Reuters reported. In its Job Openings and Labor Turnover Survey (JOLTS) survey, the Labor Department indicated that discharges as well as layoffs rose to 11.4 million by 9.5 million in March.
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
PYMNTS
MAY 14, 2020
To meet increasing client demand for digital access to its brand, Porsche Cars North America (PCNA) is speeding up its eCommerce strategy. The luxury automaker rolled out Porsche Finder, its new pre-owned and certified pre-owned vehicle search platform that streamlines and bolsters the client’s ability to link up with one of 192 U.S. Porsche dealerships from home, according to an announcement.
PYMNTS
MAY 14, 2020
Almost 80 percent of Americans drink tea , twisting open icy bottles on hot summer days and relaxing over steaming mugs in colder weather. Cafe closures during the coronavirus pandemic have reduced retail opportunities for tea brands, but consumers are still ordering their favorites online or loading up on them at grocery stores. Tea purveyors know that providing in-demand products is not enough to guarantee business success, however.
PYMNTS
MAY 15, 2020
Struggling retailer JCPenney , which is reported close to seeking Chapter 11 bankruptcy protection, disclosed that it’s paid roughly $17 million in interest on a senior secured term loan credit facility to avoid a default, but that it’s still considering “certain strategic alternatives.” In an SEC filing, the chain said it had a five-day grace period to make a May 7 payment before non-payment would represent an “event of default.
PYMNTS
MAY 14, 2020
Americans are worried about their finances, a fact highlighted repeatedly in PYMNTS’s ongoing series of studies documenting consumer behaviors during the global pandemic and their outlook for what’s coming next. Tens of millions have already lost their jobs. In February, before the pandemic, nearly 40 percent of the workforce was earning under $40,000 , according to Federal Reserve data.
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