This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Western Union just took another big step toward ramping up its growing digital payments arsenal. The legacy global remittance giant said on Monday (Nov. 23) that it has expanded its real-time digital payout capabilities in a move that encompasses billions of bank accounts in 100 countries. Western Union first unveiled the goal of expanding digital payments to 100 countries during its investor day event in 2019.
Our Jedox release blog series introduces key highlights of Jedox 2020.4, available from November 25. In this post you will learn about new features and performance enhancements in the popular Jedox Excel Add-in.
6 out of 10 Americans say that cranberry sauce will always be a staple item at their Thanksgiving table. Do you make yours or buy? We decided to have a little fun and do a fun financial analysis of the costs of making vs buying! The Assumptions. We are in Virginia. The cost of your time is $50.00/hour. It takes 30 minutes of travel time each way to the grocery store.
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Consumers are moving to digital payments and cryptocurrency in droves, and it’s inevitable that more central banks will issue digital forms of currency, PayPal CEO Dan Schulman said in a televised interview on Monday (Nov. 23). “There's no question that people are flocking to digital payments and digital forms of currency,” Schulman told CNBC’s “Squawk Box.”.
Chief audit executives (CAEs) have listed IT governance as the top risk for 2021, said Gartner recently. According to the advisory firm, it conducted interviews and surveys from across its global network of client organisations to identify the top 12 risks, or “Audit Plan Hot Spots,” facing boards, audit committees and executives entering 2021. The Audit Plan Hot Spots Report indicates that IT governance is displacing data governance, which was the top entry for 2020 and is in second position fo
Chief audit executives (CAEs) have listed IT governance as the top risk for 2021, said Gartner recently. According to the advisory firm, it conducted interviews and surveys from across its global network of client organisations to identify the top 12 risks, or “Audit Plan Hot Spots,” facing boards, audit committees and executives entering 2021. The Audit Plan Hot Spots Report indicates that IT governance is displacing data governance, which was the top entry for 2020 and is in second position fo
The age of artificial intelligence (AI) is upon us, where data feeds and models are used in the service of everything from verifying the digital identity of remote users to approving or denying a bank loan application. But Labhesh Patel , chief technical officer and chief scientist at real-time identification firm Jumio , told PYMNTS in a recent interview that AI-underpinned models are only as good as their underlying training datasets.
HSBC is introducing a new real-time payments tool that will enable its 14 million international customers to transfer funds through a single account in 20 countries around the globe. “As the world’s leading international bank, it is our ambition to put banking in our customers’ pockets, and create a top-tier borderless banking experience that lets them manage their finances whenever and wherever they want,” Matthias Dekan, head of HSBC Global Money, HSBC Group, said in a statement on Monday (Nov
Bitcoin continued its price climb today (Nov. 24), rising above $19,000 in the morning, CNBC reported. At 6:31 pm EST, the digital currency still hit high, sitting at $19,083.92, as the coin approaches its record price of $19,783, which it hit in December of 2017. While that price apex was followed by a bubble burst and bitcoin fell to $3,122 in 2018, analysts and crypto fans predict this wave is different.
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
Visa has wrapped up its acquisition of Latin American FinTech YellowPepper , the first deal of its kind by the financial giant in the region. In an announcement of completion of the deal, Visa said it will accelerate the global payments and credit card company’s “network of networks” strategy. Under that strategy, Visa is pushing to become a “single point of access for initiating multiple transaction types” while also laying the foundation for the “secure movement of money.”.
The push toward digital IDs, toward tracking who’s who – and, in this case, who’s safe – may be getting a tailwind from air travel. To that end, a quintet of airlines is debuting digital health passes that certify travelers do not have the coronavirus. That passport, of a sort, will be known as CommonPass – and will certify negative COVID test results.
At a time when the global pandemic and ensuing economic upheaval have blurred the boundaries between traditional means of payment, the CEO of global payment- and banking-solution provider i2c says the biggest business opportunity ahead will be in credit, with mobile becoming the biggest game-changer. “The stars of financial services in 2021 will have something to do with credit,” i2c CEO Amir Wain told Karen Webster, saying the days of the simple checking or demand draft accounts (DDA) are over.
When we think about holidays on Main Street, there is a certain mental image we all flash to, nurtured by decades of singing Christmas carols. We all know the picture — city sidewalks, busy sidewalks, people dressed in holiday style. Children laughing, people passing, meeting smile after smile — otherwise known as the standard “Silver Bells” special.
Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
Financial firms expect that the cost to defend against cyberattacks will continue to increase in 2021, according to Bloomberg , citing a survey done by Deloitte & Touche LLP. The survey, which will be released in December, reports that 64 percent of executives at financial companies ranked cybersecurity as their top concern in expected budget increases.
Plagued by a deadly virus, toiling to jumpstart an economy in tatters and longing for a return to normalcy, the case could be made that giving up and starting over would be the smart thing to do. And yet, despite the hardship and impossible odds, the pilgrims of the Plymouth colony in 1620 stuck it out, and in doing so, laid the foundation for a nation that would grow to become the wealthiest, most abundant place on earth.
It's been more than a decade since the boom of neo and challenger banks stepping into the market to fill the biggest service gaps left by FI giants. Generally considered more nimble and digital-friendly than legacy banks, challengers have injected a much-needed dose of technological innovation into the sector, with business banking an increasingly popular focus for new players.
FinTech Stripe is considering a funding round to value it higher than the $36 billion it got on its last round, Bloomberg reports. According to people familiar with the discussions, the new valuation could hit as much as $70 billion or maybe as much as $100 billion, Bloomberg said. If it got as high as $100 billion, it would make Stripe one of the most valuable venture-backed startups in the country, Bloomberg reported.
Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.
There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used to be called. But there’s a new data revolution underway and this one is on the consumer side, as financial data aggregators are very much in the news. The latest developments come from Mastercard.
In B2B payments, the path to making transactions as seamless and invisible as possible is often about closing the gap that separates buyer and supplier. While a growing population of B2B FinTech solutions has helped to connect B2B buyers and sellers, more platforms can create more friction on either end of the equation. According to Greg Bloh, CEO of Transcard , solutions that target the buyer side and then provide elements to integrate with a vendor — or vice versa — can add extra steps for bus
Artificial ingredients: tasteless. Artificial intelligence (AI) in mobile food ordering: tantalizing. That’s a silly simplification of the very serious matter of what AI is doing for the restaurant sector, among others, as online ordering becomes a way of life and not just a lockdown relic. Done in collaboration with Kount , PYMNTS’ November 2020 Mobile Order-Ahead Tracker® dives into the topic in-depth, noting that “artificial intelligence (AI) has been a transformative tool for the restaurant
Female FinTech entrepreneurs are getting left out of funding even as record venture capital money is being pumped into startups. Just 3.8 percent of FinTech startups with female founders received funding January through October, according to Crunchbase, per a Bloomberg report on Wednesday (Nov. 25). Companies that did get funding received only 0.9 percent of total monies raised. .
Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Visa and Conferma Pay said Monday (Nov. 23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. The result, according to the firms: simplified money movement between buyers and suppliers and automated payment processing and expense reconciliation.
The tipping point toward real-time payments’ ubiquity might be closer than many observers think, Mark Ranta , payments practice lead at FinTech Alacriti , told PYMNTS in a recent interview. Ranta said RTP is already past the “early adopter” stage and moving into the “fast follower” phase of its evolution. After all, The Clearing House’s RTP infrastructure is already up and running.
An Amazon Web Services outage affected the digital presence and operations of dozens of companies Wednesday (Nov 25) as one of the subsystems of the massive web operations platform failed. The support page for Amazon Web Services’ status page said it was experiencing problems with Kinesis, its service that processes large streams of data, causing “increased error rates” for a number of websites.
U.S. taxpayers stand to absorb a hit of about $435 billion from borrowers’ failure to repay student loans currently on the federal government’s book, the Wall Street Journal reported Saturday (Nov. 21). The figure, which approaches banks’ losses during the 2008 sub prime mortgage crisis, resulted from an analysis performed by the U.S. Department of Education and two private consultants that helped the agency review the situation, the WSJ reported.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content