PYMNTS

OCTOBER 18, 2018

Mastercard, the payments company, announced on Thursday (Oct. 18) that cardholder signatures will now be optional for the back of credit cards and receipts. In a press release , Mastercard said it is making the changes due to advancements in technology and security. “With modern, advanced forms of authentication now available, removing the requirement for signature capture at the point of sale and now signature panels on Mastercard cards is an important step in support of our digital evolution,”

Securities 87

Securities Leverage Technology Sales 87

PYMNTS

OCTOBER 17, 2018

Visa announced today the commercial expansion of its Visa Token Service for “credential-on-file token requestors.” This expansion involves adding 20 acquirer gateway and technology partners as token requestors — including the likes of PayPal, Worldpay and Adyen — who can now, or soon will be able to, tokenize credential-on-file digital payments for their merchant and payment clients.

Securities 86

Securities eCommerce Retail Technology 86

PYMNTS

OCTOBER 18, 2018

The global regulatory framework of cryptocurrencies and blockchain remains either fragmented, vague or simply nonexistent. However, Swiss officials recently took steps to get ahead of the regulatory uncertainty surrounding the world of blockchain, focusing on a particularly large hurdle for companies in the industry. In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult

Banking 85

Banking Planning Currencies Startups 85

PYMNTS

OCTOBER 19, 2018

Internet hackers have pilfered $882 million of digital currency from crypto exchanges since last year, but one group in particular has netted roughly half that amount: Group-IB noted in a report that a North Korean hacking group, Lazarus, has taken $571 million through an analysis of 14 different attacks, The Next Web reported. In general, hackers turn to methods such as social engineering, malware and spear phishing to target digital currency exchanges.

Currencies 79

Currencies Banking Securities Numbers 79

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

CFO

PYMNTS

OCTOBER 15, 2018

In 2009, consumers first coined the term “Whole Paycheck” as a tongue-in-cheek way to describe the sticker shock many felt when looking at their receipts after a shopping trip to Whole Foods. Whole Foods is, of course, the organic grocery chain that Amazon bought for $13.7 billion in June 2017. In 2018, the term can now be more legitimately used to define the portion of consumer spend and overall retail sales Amazon now captures given the expansion of its ecosystem.

Healthcare 79

Healthcare Retail Sales eCommerce 79

PYMNTS

OCTOBER 14, 2018

Venmo , the digital payment unit of PayPal , has raised the fee for instant transfers when moving money from their account to a traditional bank account, according to reports. Reports citing an email Venmo sent to users late last week said the fee is going up to one percent of the transferred amount, with the payment company taking a $0.25 fee at the minimum.

Accounting 76

Accounting Banking Numbers 76

PYMNTS

OCTOBER 19, 2018

For smaller firms, the IoT has its lures and its dangers. The Nationwide fourth annual business owner survey released at the end of last month, which surveyed 1,000 small and mid-sized business owners about their views on cybersecurity, found that an overwhelming majority – 91 percent – use connected technology. But 48 percent of those surveyed are “unconcerned” that devices – ranging from sensors to drones and used across any number of verticals – may boost their likelihood of cyberattacks.

Securities 76

Securities Technology Retail Numbers 76

PYMNTS

OCTOBER 19, 2018

Citi , HSBC and Banco Santander are among seven major global banks that are banding together to form a cross-border trade finance network, Reuters reported Thursday (Oct. 17). Along with ANZ , BNP Paribas , Standard Chartered and Deutsche Bank , the financial institutions (FIs) have signed a Memorandum of Understanding (MOU) to make trade finance more affordable and efficient for trading companies.

Finance 76

Finance Banking Data Analysis Invoicing 76

PYMNTS

OCTOBER 17, 2018

The U.S. Securities and Exchange Commission (SEC) has issued a stern warning to public companies: tighten cybersecurity controls or risk being in violation of federal law. The regulator issued a report based on the SEC Enforcement Division’s investigations of nine public companies that lost millions of dollars as the result of cyber fraud. The companies, which each had securities listed on a national stock exchange, were in sectors including technology, machinery, real estate, energy, financial,

Prioritization 76

Prioritization Securities Accounting Banking 76

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PYMNTS

OCTOBER 19, 2018

To really beat someone, or something, one must respect and understand that person or organization, even if they dislike or loathe them. That’s ancient wisdom — “know thy enemy” — that not only applies to martial situations, but to the biggest challenges in life. OK, enough of the generalities. Payment and commerce fraudsters are becoming terrifyingly sophisticated.

Securities 75

Securities Retail Technology Accounting 75

PYMNTS

OCTOBER 15, 2018

Call it the yin and yang of B2B payments — inseparable and contradictory opposites. Buyers want to hang onto payables, saving cash in the till until the very last minute. Suppliers, of course, want to collect on receivables outstanding, getting cash into accounts for goods and services provided. Across it all lies the friction of accounts payable (AP) and payment management workflow, rendered inefficient by paper-based processes.

B2B 75

B2B Invoicing Accounts Payable Compliance 75

PYMNTS

OCTOBER 16, 2018

In the coexisting — and sometimes colliding — worlds of FinTech and traditional financial services, a bit of collaboration often evolves. At times, that collaboration even moves with a bit of regulatory underpinning. So, it is in far-flung corners of the globe where, in recent days, regulators and cross-border efforts have promoted a bit of cross-pollination between tech-savvy upstarts and more entrenched players in the financial arena.

Banking 75

Banking Startups Securities Planning 75

PYMNTS

OCTOBER 16, 2018

While much has been said and written about the blockchain in recent years – good and bad – generally speaking, few have ever really considered it as an artistic venture. In the sense that anything ingenious is a work of art, one could say that distributed ledger is an art all on its own – but that would be a bit of a stretch. But though technology and art by nature seem to be fundamentally different things with different purposes, sometimes they can come together in unexpected ways.

Sales 75

Sales Securities Technology Numbers 75

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 15, 2018

Barclays is ready to offer U.S. consumers a low-cost, digital-only bank that will directly compete with Goldman Sachs ‘s Marcus brand. Barry Rodrigues, CEO of cards and payments at Barclaycard International, told Financial Times that the new offering would “leverage Barclays’ U.K. knowledge and expertise” to create a checking account for its U.S. online bank, which already offers credit cards, savings and loans to 13 million customers.

Banking 75

Banking Accounting Leverage Marketing 75

PYMNTS

OCTOBER 16, 2018

HSBC is rolling out a suite of application programming interfaces (APIs) to support FinTech collaboration and enhance its corporate financial service offerings. In a press release Monday (Oct. 15), HSBC U.S. Commercial Banking announced plans to roll out its Digital Partner Platform, a portal on which third parties, including FinTech firms, can collaborate with HSBC and access a set of APIs.

Banking 74

Banking Accounting Securities Planning 74

PYMNTS

OCTOBER 14, 2018

U.S. Senators John Cornyn and Mark Warner, co-chairs of the Senate India caucus, sent a letter to India’s Prime Minister Narendra Modi urging him to soften his stance on rules that require customer data to be stored locally. Reuters , citing the letter, reported the Senators urged Modi to have a lighter touch in the customer data storage regulatory framework so that data can flow freely across borders.

Economics 74

Economics eCommerce Banking Finance 74

PYMNTS

OCTOBER 16, 2018

The number of peer-to-peer lenders in China is projected to decline greatly to around 50 from more than 1,500 during the course of the next year. The Financial Times , citing Greg Gibb — chief executive of Lufax, one of the biggest peer-to-peer lenders in China — reported that regulators are gearing up to issue licenses during the next year to companies that meet very strict criteria.

Numbers 74

Numbers Marketing 74

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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 16, 2018

Worldpay, the payment technology company, announced Tuesday (Oct. 16) that for the first time, contactless payments have become more popular than chip and pin card purchases when paying in-store in the U.K. The Guardian reported that Worldpay said it was the first time it has seen contactless payments surpass chip and pin. The change occurred in June, when 51 percent of in-store card transactions were contactless.

Benchmarking 73

Benchmarking Retail Banking Technology 73

PYMNTS

OCTOBER 17, 2018

Fraudulent noncash payment values have increased by a lot in the U.S. between 2012 and 2015, surpassing growth in noncash payments, the Federal Reserve found. According to data from the Federal Reserve Payments study, it found the value of noncash fraud jumped 37 percent to $8.3 billion in 2015 from $6.1 billion in 2012. During the same period, the Federal Reserve found the total value of noncash payments increased to $180.3 trillion from $161.2 trillion.

Numbers 73

Numbers Accounting Securities 73

PYMNTS

OCTOBER 16, 2018

In a bid to serve customers through digital channels, quick-service restaurants (QSRs) are rolling out new innovations. These technologies bring more options for consumers to order and pay for their meals, such as kiosks and mobile ordering. In one new approach, some QSRs are offering delivery beyond the home and office. In April, Domino’s Pizza announced that Domino’s Hotspots would allow customers to receive deliveries in spaces such as parks, sports fields or beaches.

Technology 73

Technology Sales Financial Reporting Investments 73

PYMNTS

OCTOBER 15, 2018

Small business (SMB) cloud solutions provider Zoho is reportedly teaming up with Mastercard in India to provide holistic accounts receivable solutions. A press release from Mastercard, issued Monday (Oct. 15), said the companies will promote acceptance of digital payments for India’s 73 million SMBs through their “ SME in a box ” solution.

B2B 73

B2B Compliance Accounting Banking 73

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 17, 2018

Business services conglomerate Accenture is expanding its blockchain solution offerings with the development of a procurement platform launched in Thailand. The company announced this week that it collaborated with Thai FinTech firm Digital Ventures, a subsidiary of Siam Commercial Bank, to create a blockchain-powered solution that facilitates the buying and selling of goods for businesses and their vendors.

Invoicing 72

Invoicing Finance Securities Numbers 72

PYMNTS

OCTOBER 15, 2018

It’s a tale of two malls: With closings of large anchor stores on the horizon, some mall owners would welcome the opportunity to find more profitable tenants. Other mall owners, however, find the loss of anchor stores to be a challenge. Either way, the news that Sears has filed for bankruptcy has brought to light the difference between malls – and how their owners may view the loss of a large anchor tenant differently.

Profit and Loss 71

Profit and Loss Entertainment Retail Numbers 71

PYMNTS

OCTOBER 18, 2018

In search of added convenience and simplicity, banking customers are migrating to online and mobile banking interfaces, leaving in-person visits to brick-and-mortar branches behind. While this switch in preference to digital banking is providing new tools and capabilities to consumers, it’s also presenting new opportunities for fraudsters — and they’re not hesitating to take advantage.

Banking 71

Banking Accounting Securities 71

PYMNTS

OCTOBER 17, 2018

Corporate treasurers have said they’re interested in a slew of cutting-edge FinTech solutions that experts believe will disrupt financial business management. Yet, a new report from the Association for Financial Professionals (AFP) warned of only minuscule adoption of these tools so far, a trend that analysts described as “troubling.” In its 2018 AFP Technology Survey , underwritten by corporate treasury management firm BELLIN , the AFP surveyed 708 corporate finance executives

Treasury 71

Treasury Corporate Finance Finance Technology 71

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Reconciliations