Sat.Oct 10, 2020 - Fri.Oct 16, 2020

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PayPal Invests In Extend As Merchants Seek New Ways To Boost Online Conversion

PYMNTS

As the shift from paper to digital has accelerated the transformation of many a legacy business with aging tech, CEO Woodrow Levin of Extend says it’s important to add extended warranties to that list. Merchants used to have a tiny conversion rate when offering customers extended warranties by paper, and that only got a little better when they switched to POS systems.

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The New Normal for FP&A: Forecasting

Jedox Finance

For many organizations, the onset of the global health crisis has been like a bank of fog rapidly and unexpectedly engulfing a ship at sea. Suddenly your tried and true navigational skills and processes and the way you have always assessed risks and opportunities has been taken away from you. You must rely on new ways to pilot the ship to a safe port.

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That’s a wrap on DigitalCPX! See our favorite moments from week two

Anaplan

And just like that, we’ve officially wrapped DigitalCPX 2020! We had a blast working with our customers, partners, and community to make this event a success and are grateful to all involved. Our second week of DigitalCPX included thought-provoking keynotes, insightful conversations with our solutions leads and customers, and the announcement of new technology and […].

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CFOs: The risk of change fatigue among employees has doubled

Future CFO

The amount of change that the average employee can absorb without becoming fatigued in 2020 has been cut in half compared to 2019, said Gartner recently. Amid worries about the economy, job security, their health and the health of their loved ones, employees’ capacity to take on change in the workplace has plunged significantly, the advisory firm noted.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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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Crypto Gets A Second Look From Corporate Investors Seeking Yield And Hedge

PYMNTS

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept. 21 landmark announcement that allowed national banks and federal savings associations to hold certain crypto assets for the first time.

Treasury 129

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How to Adjust Your Business Budget When Life Happens

KG Virtual CFO

Your business budget puts you in control of your company. It helps you avoid overspending and track financial goals. But with the coronavirus in full swing, you may have had to throw your business budget out the window to stay afloat. To get your business budget back on track post-coronavirus, you might need to make some modifications. Business owners across the country halted operations and saw a decrease in cash flow thanks to the coronavirus.

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5 proven tips for implementing rolling forecasts

Future CFO

If you’re confident rolling forecasts would be a useful tool to add to your organization’s existing FP&A toolbox, check out our five tips for implementation. If you have not yet read our previous posts, these questions will help: How big is the gap between your actuals and plan data at the end of the year? Quite large, but you don’t know why? Rolling Forecasts can be used to find out why.

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How To Capture The Consumer With Digital Wallets In Their Purses And Back Pockets

PYMNTS

In a time of increasing change for retailers and consumers, the current global climate has begun accelerating the future of retail trends at a much quicker pace than previously envisioned. However, one thing still rings true: Consumers need a reason to change ingrained behaviors. Helena Mao , vice president of global product strategy for payments at Blackhawk , spoke to PYMNTS, explaining why many consumers were slower to adopt the rollout of mobile wallets and payment methods in places like the

Retail 126
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A real life story – Cleanshelf

CFO Plans

By Casey Gillam – Sales Manager at CFO Plans Inc. Every company has a story. An idea that started in someone’s head, a vision that gained momentum, an answer to a need, a path to execution. They have a life of their own with a birth, an education, periods of growth and decline, and, for some so far, a death. And the individuals running companies contribute to that story with their dedication to the craft, daily decision-making and long-term strategies, perseverance through the tough times, the a

CFO 52
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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

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Protect Your Business by Building an Emergency Fund… like TODAY

KG Virtual CFO

Emergencies do happen, and while they may range in scale and scope, business leaders and individuals alike are caught off guard in the chaos. The scary fact is that whether an incident is natural or human-caused, if you’re unprepared, your business and even personal well-being could suffer. An emergency fund is money set aside as a cash reserve for your business.

CFO 52
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Will finance become 100% digitalised?

Future CFO

We have been talking about Digital Transformation in Finance for ages. Some have come far on the journey while others are still struggling. Having just gone through a global crisis that saw everyone working remotely and using digital tools makes this transformation more relevant than ever. Right now, we are looking at two almost extreme cases: On one hand, we are at a stage where the transformation can be completed because of all the tools are readily available.

Finance 52
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Why 2021 Will Be Real-Time Payments Break-Out Year

PYMNTS

It’s been three years since The Clearing House rolled out its Real-Time Payments (RTP) network, but Mark Ranta, payments practice lead at Alacriti, tells PYMNTS that 2021 will be the year FIs migrate to the technology in record numbers. Only if, he says, there’s better alignment between the bank bill-pay model and the biller-direct model. Here’s why. .

Education 126
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Marko Papic: Geopolitical Forecasting in Volatile Times

CFA Institute

Marko Papic believes investors can prepare for geopolitical events and beat the market while they’re at it.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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How Visa, FIS, TCH, SWIFT, Nacha and Circle See The Future of Faster, Real Time Payments Rails

PYMNTS

With the current state of economic upheaval, the ongoing pandemic and the great digital shift, corporates and financial institutions are racing to digitize and modernize payment flows and back-end processes. But the transition is one that must consider, and maybe even embrace, several emerging options and payment rails in a bid to move data and money more quickly across borders, and move, decisively, away from paper checks.

B2B 125
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EU Puts Up To 20 Firms On Regulatory Hit List

PYMNTS

European Union (EU) regulators are drawing up a list of up to 20 large internet companies, possibly including Facebook and Apple, to be targeted with far more strict regulations in the future to limit their market power, according to a report from the Financial Times (FT). Large platforms on the list will have to deal with the tougher regulations as opposed to smaller companies, such as new rules forcing them to share data and offer transparency on how they gather information, sources told FT.

Numbers 125
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Bitcoin Daily: Crypto-Themed Cruise Ship To Set Sail, Nigeria Eyes National Crypto Adoption

PYMNTS

“The Crypto Cruise Ship” is getting ready to depart from the Mediterranean and anchor in the Gulf of Panama, according to an announcement. The “MS Satoshi,” as the ship is to be named, is 804 feet and was bought rom a cruise ship company, according to the announcement. It will function as a “gathering place” for those interested in digital currencies or those who start businesses in addition to researchers, expats and digital nomads.

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What We Say Is How We Pay – For 23M Consumers, And Growing

PYMNTS

Like the plot of a science fiction film, the COVID global pandemic has forced the planet to futurize fast, and nowhere more so than in how we pay for the things we need to live (and the things we want). Digging into a captivating worldwide case study on economics meeting chaos theory and what happens when it does, How We Will Pay , a PYMNTS and Visa collaboration, gauges the situation 10 months into the pandemic, as connected commerce coalesces and new patterns solidify.

Retail 119
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Back to Basics with Reconciliations

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.

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Dropbox To Let Employees Work From Home Permanently

PYMNTS

Dropbox is the latest company to allow employees to work permanently from home, CNBC reported. The San Francisco-based company said Tuesday (Oct. 13) that it wouldn't require employees to come into the office even after the pandemic ends. In a blog post , the company said the shift to digital work, while jarring early in the year, has proven effective for many companies since.

Economics 117
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Mastercard: New Stride Partnership Is Just ‘First Step’ In Helping Gig Workers

PYMNTS

Mastercard has teamed with portable-benefits platform Stride to make it easier for gig workers to buy healthcare coverage. Jess Turner, Mastercard’s executive vice president for North America Products and Innovation, tells PYMNTS the venture is just one part of the firm’s push to help gig workers get benefits. With gig-economy participation rising and U.S. healthcare costs soaring, anything that can reduce the burden of medical expenses on the often-overlooked freelancers who are driving the dig

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Former NSA Head: Pandemic Increases Cyber Threats For Companies

PYMNTS

The country's former top cyber spy said the pandemic has created conditions that have left companies more vulnerable to cybercrime than they previously were, the Financial Times (FT) reported. Ex- National Security Agency head Michael Rogers shared the assessment prior to appearing at an event FT is hosting. Because so many employees are working remotely, Rogers told FT, "the attack surface has just exploded.".

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Cambridge Global, Ripple Partner On Cross-Border Payments

PYMNTS

Cambridge Global Payments , a FLEETCOR company working on cross-border payments, has partnered with enterprise blockchain solution Ripple on a cross-border payment solution for B2B customers, according to a press release. Using RippleNet, Ripple's global payment network, the partnership will take advantage of the ripe market for cross-border payments, which a July Juniper Research study said will be worth $35 trillion by 2022, the release stated.

B2B 114
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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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

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Wells Fargo Fires Over 100 For Allegedly Collecting COVID Relief Funds

PYMNTS

Wells Fargo has fired over 100 employees for allegedly improperly collecting COVID-19 relief funds, according to sources quoted by Bloomberg. The staffers reportedly defrauded the Small Business Administration (SBA) by "making false representations in applying for coronavirus relief funds for themselves," according to Bloomberg. They reportedly applied for Economic Injury Disaster Loan (EIDL) funds in ways deemed fraudulent.

Economics 112
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China Drafts Updates To Commercial Bank Regulations

PYMNTS

As it aims to bolster methods of market exit and risk disposal for institutions that loan money, the central bank of China introduced a draft of updates to legislation applicable to commercial banks, Reuters reported. Runs on small financial institutions (FIs) in China have been on the uptick as of last year. In May 2019, the government took over Baoshang Bank in the first seizure of its kind in almost 20 years.

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Report: Hackers Hit 2,000 Robinhood Accounts

PYMNTS

A recent hack compromised around 2,000 Robinhood Markets accounts, suggesting the attacks were more widespread than previously realized, Bloomberg reported. After the attack last week, Robinhood only disclosed a few details, saying "a limited number" of customers had been affected and their emails outside of Robinhood had been the way they were hacked, Bloomberg reported.

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PayPal Expands ‘Pay Later’ Installment Credit To The UK In Time For Holiday Shopping

PYMNTS

There was already wide speculation before the pandemic about the U.S. economy’s future and how long the good times then underway could last. Ten years of largely uninterrupted growth had experts wondering when the next bump would come. But Greg Lisiewski , PayPal ’s vice president and general manager of consumer credit, told Karen Webster that while lots of people were trying to forecast the economy’s next phase, no one foresaw that a new virus would burn everything to the ground.

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Solve Your Firm's Automation Complexities Once and For All

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.