PYMNTS
JULY 31, 2018
Across the U.S., financial players are still exploring the best practices to offer faster payments to corporate clients. A recent survey of 20 of the nation’s top-60 banks found that there’s a lack of consensus among banks when it comes to managing and charging businesses for real-time payments. However, efforts are underway to make adoption and use less friction-filled.
PYMNTS
AUGUST 2, 2018
As Americans increasingly turn to their mobile devices to instantly pay through peer-to-peer (P2P) services like Venmo and Zelle, the act of writing a check or heading to the ATM for quick cash is becoming a thing of the past. This technology is also changing how consumers lend and borrow money, according to Travis Holoway, founder of short-term lending exchange platform SoLo Funds , particularly when it comes to low-dollar or short-term loans.
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PYMNTS
JULY 31, 2018
Kroger might expand on a ban on Visa credit cards imposed by its unit in California — proof that retailers are ready to fight back against the $90 billion they pay in swipe fees every year. This week, Foods Co., a subsidiary of grocery giant Kroger , has announced that 21 of its grocery stores and five of its gas stations in Central and Northern California are officially through with Visa branded credit cards as a form of payment, effective August 14, 2018.
PYMNTS
AUGUST 3, 2018
Barclays is the next traditional financial institution to strike a partnership with an alternative lender, announcing Thursday (Aug. 2) that it has invested in small business lending platform MarketInvoice. An announcement on the MarketInvoice blog said Barclays’ investment makes the bank the first High Street FI to partner with the FinTech. In addition to acquiring a minority stake in the alternative lender, MarketInvoice will integrate its invoice financing solution into Barclays’ offering.
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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PYMNTS
JULY 30, 2018
A phishing scam making the rounds and targeting businesses is using the Square name to fool its targets. Reports in the Victoria Advocate said scammers are sending emails that appear to be from payment service provider Square. While there are several versions of the email, they all include the Square logo, according to reports. There are also links in the email to request a payment or view payment or refund details, as if a payment had already been made.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
PYMNTS
AUGUST 1, 2018
Many of us have faced the day when we realized our T-shirt collection has run out of control. Sure, you could throw out those shirts, or if they happen to be in servicable condition donate them to the Salvation Army — but it’s not always easy to let go. Particularly if the tee in question is more than just a shirt, but a momento of a happy life experience.
PYMNTS
AUGUST 3, 2018
Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability. In the wake of this week’s release of a U.S.
PYMNTS
AUGUST 2, 2018
Blockchain, blockchain everywhere. Reports came this week that the much-touted distributed ledger technology (DLT) may be less savior for all manner of problems across the business landscape than thought. Bloomberg noted, for example, that there may be a slowdown looming in terms of projects that may actually see the light of day. Ah, but. Concerns of a slowdown overall?
PYMNTS
JULY 30, 2018
Normal operating procedure for consumers on the eve of the 2020s is incredibly different than it was on the eve of the 2010s – and it’s almost unrecognizable from the eve of the millennium. Consumers shop, bank, work and get paid differently than they ever have – and as the connection points keep rolling in, so will the changes. A digital world is a smaller world, with consumers moving both actually and virtually much more often than they ever have before.
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
AUGUST 2, 2018
WEX posted results Thursday that showed traction in its core fleet and travel-related business, amid gains in payment processing activity. Revenues were just under $371 million, which were 22 percent higher than last year’s second quarter, and of that increase, $16.6 million came from higher fuel prices — but beyond that, gains in the travel and fleet divisions drove results.
PYMNTS
JULY 31, 2018
Set lists do much more than determine the songs heard in concert. They also signal to fans the mindsets of their favorite bands and musicians – Are they trying to move past an overplayed classic? Are they feeling nostalgic for their garage days? Does the lead singer have trouble hitting the high notes now? — while usually offering samples of new product.
PYMNTS
AUGUST 3, 2018
Blockchain company Stratis announced this week it has developed a wallet that supports cryptocurrency payments for corporates. In a recent press release , Stratis said it launched the Stratis Breeze Wallet, with its integrated Breeze Privacy Protocol to enhance the privacy of transactions made with bitcoin. The solution was designed for corporates that are looking to conduct business on the blockchain without transactions being made public, the company explained.
PYMNTS
AUGUST 3, 2018
“Fake it ‘til you make it” is a familiar idiom with roots in the great teachings of Aristotle, who once said that a person who acted virtuous would, in fact, become a virtuous person. Fake merchants — a problem that now underpins a $352 billion annual money-laundering loophole in the U.S. alone — don’t exactly follow those same principles. These merchants act like real merchants, with no intention of ever becoming one.
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
JULY 31, 2018
Driven by spending at restaurants and on accommodations, U.S. consumer spending increased in June, setting the stage for a strong economy heading into the third quarter. According to a report in Reuters citing the Commerce Department, consumer spending rose 0.4 percent in June. Meanwhile, data was revised upward for May, showing that spending increased 0.5 percent instead of 0.2 percent.
PYMNTS
AUGUST 3, 2018
To help grow innovative companies in the grocery industry, Albertsons Companies has linked up with Greycroft to create an investment fund. The fund, which could be up to $50 million, is part of Albertsons’ strategy to work with emerging grocery technologies, Chain Store Age reported. “Albertsons Companies is committed to meeting customers wherever and however they like to shop, and part of that is being at the forefront of the tremendous innovation our industry has seen over the last five year
PYMNTS
AUGUST 1, 2018
For every Uber Eats or Seamless , there are small food delivery platforms competing in cities across the U.S. on customer service, local knowledge and restaurant fees. In Richmond, Virginia, for example, Chop Chop allows diners to choose from a menu of 50 to 60 restaurants for delivery. Because the service is local and has close relationships, companies such as Chop Chop can work with restaurant owners and talk with them about their needs, what makes them unique and what Chop Chop can do in term
PYMNTS
JULY 30, 2018
It’s not always easy to tell the difference between the meaning of integrations and interoperability: Integrations are systems connected in the same way, while systems that are interoperable work together, but remain different. If Modo Payments ’ founder and CEO, Bruce Parker, sent you an email, for example, how the message was sent is not at the forefront of your mind.
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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
AUGUST 1, 2018
As of Wednesday (August 1) South Africa’s Absa Group officially rolled out WhatsApp banking as part of its continuing effort to develop a digitally-led bank in Africa. Absa has signed on 10,000 customers since early July, according to Reuters. The service will not be without competition on the chat-based financial services front. WeChat — the largest mobile messaging system in China — has been open for business in Africa since 2013 and already offers a wide array of financial service functions f
PYMNTS
JULY 31, 2018
A fter beginning to recover from a months-long slide, bitcoin prices once again showed signs of weakness on Monday (July 30) after Goldman Sachs warned in a research note that the recent turnaround in prices will be short-lived, according to reports. Sharmin Mossavar-Rahmani, chief investment officer of the bank’s Private Wealth Management (PWM) Group, wrote that bitcoin does not fulfill any of the traditional roles of currency.
PYMNTS
AUGUST 2, 2018
The U.S. Department of Justice (DOJ) announced that Wells Fargo will pay $2.09 billion in penalties to settle claims related to mortgage loans that the lender processed before the last recession. “Abuses in the mortgage-backed securities industry led to a financial crisis that devastated millions of Americans,” said Acting U.S. Attorney for the Northern District of California Alex G.
PYMNTS
JULY 30, 2018
Cybersecurity investments are soaring. Unfortunately, for many corporates, vulnerabilities in their systems — even with the latest technology — won’t be discovered until they’re taken advantage of by cyber attackers. It’s why attack simulations have emerged as a critical component of a holistic enterprise security strategy. Cybersecurity software firm Rapid7 recently published a report on its efforts to find these vulnerabilities before hackers do.
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
AUGUST 3, 2018
Discover Financial named current President and COO Roger Hochschild to succeed David Nelms as chief executive, starting in October. Nelms, who has been the CEO of Discover since 2004, plans to retire in 2019 and will continue as executive chairman until that point, according to the report. Hochschild, 53, who has been president of the card company since 2004, will retain the title of president, and has been named to the company’s board of directors.
PYMNTS
AUGUST 3, 2018
In potentially big bitcoin news, Starbucks is involved in a project that could help cryptocurrency holders spend their digital coins: The coffee chain said it is among the companies that will work with Intercontinental Exchange ’s planned digital asset company, dubbed Bakkt. The company will have “merchant and consumer applications” and plans to have bitcoin to fiat currency conversion as one of its first use cases, according to a press release posted on the Starbucks website.
PYMNTS
JULY 31, 2018
In an effort to extend its brand beyond fabrics, Jo-Ann Stores has shortened the name of its brick-and-mortar stores. The locations, which were previously branded as Jo-Ann Fabrics, are now known as JOANN, AdWeek reported. “We have a big opportunity to let people know that ‘Hey, we sell everything that the other craft stores sell,’” Jo-Ann Stores’ senior vice president of marketing and eCommerce, Steve Miller, told AdWeek.
PYMNTS
JULY 31, 2018
Visa has announced a strategic global partnership with Sabre that will allow the technology provider for the travel industry to utilize CyberSource , Visa’s payment management platform. The partnership will enable Sabre to offer integrated travel reservation and fraud management solutions to airlines, hotels, travel agencies and other travel organizations worldwide.
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.
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