Sat.Aug 08, 2020 - Fri.Aug 14, 2020

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Google Almost Done With Transition To SAP Ariba Network

PYMNTS

Google’s transition to SAP Ariba ‘s cloud-based services has a completion date set for Aug. 24 after multiple waves that began last October, according to a press release. The final wave concerns the Asia Pacific region. Last October, U.S. suppliers were switched over, and in May of this year, the rest of North America, Latin America, Europe, the Middle East, and Africa made the jump, the release says.

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Regent Assay advises InfoFlex, the digital health software specialist, on its acquisition by Civica

Regent Assay

UK based healthcare software specialist Chameleon Information Management Services Limited and its subsidiary, Flex Software Limited, trading as InfoFlex has been acquired by Civica UK Limited , the wholly owned subsidiary of Civica, a global leader in software for public services. With over 25 years’ experience in the healthcare sector, InfoFlex provides a market-leading cloud enabled application with trust-wide and cross-organisation capabilities.

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Trending Sources

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Unlocking the secrets of becoming investment ready

Creative CFP

Let’s say your business finds itself in a position where an investor has shown an interest in injecting cash into your company. Whether this investment comes in the form of equity or as a loan to be repaid, the investor will usually want to see specific information about your business. At this point, the investor will start using technical terms and sometimes they might seem to be speaking a different language.

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How to align your sales planning so you can accelerate recovery

Anaplan

This is the second post in a three-part series following our recent webinar series with Slalom Consulting, entitled.

Sales 59
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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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Waze Introduces Contactless Payments At ExxonMobil, Shell Stations

PYMNTS

Waze, the popular GPS navigation app owned by Google, has introduced contactless payments for ExxonMobil and Shell card holders in the U.S. When drivers pull into participating stations, they will see a notification on Waze prompting their Android or iOS device to securely pay through each company’s app. “Waze is committed to continuing to help businesses leverage innovative technology to adapt, evolve, and engage with customers,” said Andrew Kandel, Waze U.S. country manager, in a statement.

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More Trending

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Moody's Asian Liquidity Stress Indicator slips from all-time high

Future CFO

Moody's Investors Service said that its Asian Liquidity Stress Indicator (ALSI) decreased to 38.1% in July from 39.7% in June, primarily reflecting improving liquidity at three companies and the addition of a fallen angel into its high-yield mix. The ALSI measures the percentage of high-yield companies with Moody's weakest speculative-grade liquidity score of SGL-4 as a proportion of high-yield corporate family ratings The indicator increases when speculative-grade liquidity deteriorates., accor

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The Clearing House On The Race for Real-Time Payments In The US

PYMNTS

Real time is getting ever closer to prime time. But it might not be the Federal Reserve ’s doing. You’d be forgiven for thinking that faster payments might be the purview of the U.S. Federal Reserve, where details (a roadmap, really) of FedNow , the proposed instant payment system, were released earlier this month. But with a 2023-24 timeframe to implementation, the Fed’s efforts will take a while to cross the Rubicon from concept to reality.

Banking 138
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Why FIs Are Taking Payments Multi-Cloud

PYMNTS

With back-end digitization no longer an option for the financial services sector, adoption of cloud infrastructure is a vital — yet often painful — process for financial institutions (FIs), FinTechs and other organizations. The biggest friction points are often traced back to the sheer size of the project. Migrating apps and data from on-premise systems into the cloud can seem an overwhelming task, and indeed, there are many pitfalls and mistakes organizations can make in the process.

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To Compete Or To Collaborate: FinTechs And Banks

PYMNTS

The relationship between traditional banks and the slate of FinTechs that have arisen over the past decade hasn’t always been one of enthusiastic cooperation. Big banks tended to view FinTechs and their offerings with suspicion — meaning that in the early days, startups often had to beg banks for access to the infrastructure to build it out better. Although it wasn’t easy for either side, the landscape has begun to change, Payoneer ’s General Manager Eyal Moldovan told PYMNTS in a recent convers

Banking 132
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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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American Express Launches New Credit Score Management Tool

PYMNTS

If you are interested in not just tracking your credit score, but finding ways to boost it, American Express may have the product for you. On Tuesday (Aug. 11), Amex launched Score Goals , an online platform that augments and expands the card company’s established credit score tool, MyCredit Guide. The new offering, which is available to consumers whether or not they are American Express cardholders, “includes a range of information and tools to help them understand their credit score better and

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China’s P2P Lending Crackdown Leaves $115B In Losses

PYMNTS

China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions in loans unpaid. Now, Guo Shuqing, chairman of the China Banking Regulatory Commission, the nation’s top banking regulator, said investors have been saddled with more than 800 billion yuan ($115 billion) in debt from the failed platforms, Bloomberg News reported.

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Bessemer Venture Partners’ Birnbaum On Why It’s Go-Time For FinTech

PYMNTS

There’s been no shortage of big payments and FinTech announcements over the past few days, such as Apple ’s bundle bet, Goldman Sachs ’ move to bid on the General Motors credit card or Square ’s decision to test small-dollar, short-term loans. Meanwhile, not-quite-household names (yet) like Blend are quietly snapping up big investor dollars and impressive valuations to push laggard industries into the digital commerce ecosystem.

Valuation 120
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How Treasurers Are Guiding Firms Through The eCommerce Revolution

PYMNTS

The eCommerce landscape is shifting on multiple fronts, with sellers embracing digital channels and adjusting their business models to a new reality of customer demands. Disruption is hitting both the B2C and B2B arenas, and while it would seem they are two opposite ends of the spectrum, these ecosystems share commonalities in the kinds of trends that force sellers to modernize their market strategies.

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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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EMV 3DS: Closing the Card Present/Card Not Present Auth Rates Gap

PYMNTS

Selling an EMV 3DS (also referred to as 3DS 2.0) product to merchants hasn’t always been smooth sailing. When PAAY , a software-as-a-service company that protects merchants from fraud and increases authorization rates first started offering EMV 3DS, it had to do a lot in educating potential clients in the face of many saying: “We don’t want to hear about this.

eCommerce 117
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Move Over, FedEx: Amazon Vaults Ahead In Delivery Race

PYMNTS

Amazon ’s epic push to deliver its own packages and cut out third parties like FedEx is picking up speed during the pandemic, with a dramatic year-over-year gain in July. As of July, Amazon was shipping 66 percent of its own packages, up from 55 percent last July, according to CNBC’s Squawk Box , citing stats from ShipMatrix. The world’s largest retailer has managed this feat even as the volume of packages ordered and shipped through Amazon has exploded amid the pandemic, with volume up 46 perce

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Fed Exploring ‘Hypothetical’ Digital Currency

PYMNTS

Digital dollars on the horizon? Maybe – but first comes a focus on policy. A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. In a speech delivered by webcast at the Federal Reserve Board and Federal Reserve Bank of San Francisco’s Innovation Office Hours, Fed Governor Lael Brainard said that t

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Airbnb Suffers Record Losses In Q2, IPO Still Planned

PYMNTS

Airbnb Inc. took a record hit in revenues in the second quarter (Q2) and its losses continued to mount as global travel was restricted to prevent the spread of COVID-19. Sources told Bloomberg News in advance of the release of Q2 earnings that the San Francisco-based online vacation rental marketplace’s revenue fell to $335 million in the period ending June 30.

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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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Mercari US CEO: Modernizing Marketplaces For The Casual Seller

PYMNTS

If America ever needed a digital estate sale — or even a garage sale, for that matter — it’s right now. Tens of millions of financially strapped or suddenly unemployed people are seeing rent and bill payments locked in the form of gifts and purchases they’re ready to part with. What they need is an online auction marketplace. Plenty of those around.

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Driving Retail’s Rebound With A Human Capital Revamp

PYMNTS

Retail has been among the sectors most dramatically impacted by the pandemic, though it’s impossible to paint the industry with a broad brush. With widespread furloughs and a growing wave of bankruptcies , many retailers were hit hard. Others were caught up in an unexpected boom, though that doesn’t mean they’ve evaded the volatility of the pandemic.

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Visa: Forging A ‘Network Of Networks’ To Modernize B2B Payments

PYMNTS

From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2B payments ecosystem still has much room for improvement on multiple fronts. Moving the needle in the journey away from paper checks isn’t a one-sided battle, either. Indeed, solving some of the biggest AP challenges increasingly requires aa strategic focus not just on the payer, but on the supplier accepting that transaction.

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The Great Digital Shift, BigCommerce – And The Lure Of (eCommerce) IPOs

PYMNTS

To gain riches – go public or stay private and sell to a high bidder? In a stock market that seems to continuously flirt with new highs, the answer seems to be: Aim for the IPO. To that end, as reported earlier this week, BigCommerce , the software as a service (SaaS) firm that focuses on eCommerce, went public, surging more than 200 percent on its first day of trading.

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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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CA AG Says Uber, Lyft’s Tradeoff Between Flexibility And Benefits A ‘False Choice’

PYMNTS

The California judge who ruled that Uber and Lyft have to classify their workers as employees reportedly “saw straight through” the “bogus argument” that the companies’ workers like being classified as independent contractors instead. CNBC reported that California Attorney General Xavier Becerra , speaking on the “Squawk Alley” program on Tuesday (Aug. 11), agreed with the judge’s decision, which mandated that Uber and Lyft had to reclassify their workers as e

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Mastercard Partners With Pollinate To Help Banks Serving SMBs

PYMNTS

To provide banks serving small- to medium-sized businesses ( SMBs ) throughout the globe with the newest technology and insights, Mastercard and Pollinate have agreed to a strategic partnership. The collaboration comes after Mastercard’s investment in the company last year, according to a Friday (Aug. 14) announcement. “Our work with Pollinate and the wider issuer and acquirer solutions ecosystem supports our collective goal to offer digital payment solutions for small- and medium-size businesse

Banking 109
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Citi Wants Revlon Lenders To Return $900M Paid In Error

PYMNTS

Citigroup Inc. paid nearly $900 million by mistake to Revlon Inc. lenders due to a clerical error and wants its money back, Bloomberg News reported. While some of Revlon’s lenders returned the cash, others are refusing to return the money to Citi after they received funds from the bank equal to the amount of a Revlon loan plus interest, sources told the news service.

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Coinbase Offers Bitcoin Cash Loans Of Up To $20K In 17 US States

PYMNTS

Coinbase, the digital currency exchange, will offer bitcoin-backed cash loans to select customers as early as next month, the San Francisco-based company announced on its blog this week. Customers in 17 states have been invited to join the waitlist to borrow up to 30 percent of their bitcoin holdings. The maximum loan is $20,000 at 8 percent for one year with no credit check.

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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.