PYMNTS

OCTOBER 23, 2017

On Monday (Oct. 23), Mastercard announced news of the launch of Mastercard Consumer Control, which allows consumers to view where their credit card information is stored online. The program is an API that displays where payment details are kept, allowing cardholders to understand how that information is being used. “As digital payments continue to evolve, cardholders have more and more options to enable new types of devices for payment and to pay in new ways online and in-app,” said Jessica Tur

Auditing 78

Auditing B2B Securities Banking 78

PYMNTS

OCTOBER 26, 2017

The Overstock.com subsidiary, tZERO , is planning to launch an initial coin offering (ICO), according to news from CNBC. The company wants to raise up to $500 million through sales of the new digital currency. Overstock.com is one of the most significant investors in the blockchain technology on which digital coins are based. The site accepts bitcoin as a form of payment and ranks among Google, Citi and Goldman Sachs as some of the major players in the cryptocurrency space.

Profit and Loss 76

Profit and Loss Currencies Retail Technology 76

PYMNTS

OCTOBER 27, 2017

Earlier this month, NovoPayment , a digital finance and transactions firm, announced news of the launch of its Developer Hub, one of the first such platforms servicing Latin America, according to a press release. NovoPayment, based in Miami, offers financial and transactional services through a cloud-based platform, the company said. Its clients include banks, financial institutions and others throughout the Americas.

Transportation 74

Transportation Compliance Currencies Banking 74

PYMNTS

OCTOBER 23, 2017

If the promise of mobile payments is speed and convenience, delivering on the promise – and turning it into practice – is a bit tougher. Small screen, small window of time to get the transaction done. Session timeouts? You’ve had ‘em, no doubt, perhaps fumbling through passwords and shipping address details. The idea of commerce anytime, anywhere may give way to frustration anytime, anywhere.

Accounting 65

Accounting Retail 65

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 25, 2017

On Wednesday (Oct. 25), TSYS reported earnings results that showed organic revenue growth across its payments processing and card segments. TSYS earnings came in at $0.88 a share on an adjusted basis, $0.07 better than Wall Street predicted, and revenues on a net basis were up 8 percent to $852.7 million. Of that top line, Issuer Solutions was 46 percent of the tally, Merchant Solutions 33 percent and Netspend the remainder.

Risk Management 54

Risk Management Currencies Accounting Numbers 54

PYMNTS

OCTOBER 23, 2017

If fraud attacks are the flu, then the Equifax data breach was a raging fever: a symptom (albeit a dramatic one) of a larger illness that will almost inevitably infect any organization that hasn’t had its shots. And yet, despite headlines featuring Equifax, Sonic, Deloitte and Whole Foods – and cybersecurity companies consistently preaching that attacks are not a matter of “if” but “when” – many organizations are still not taking fraud prevention seriously.

Accounting 53

Accounting eCommerce Profit and Loss Securities 53

PYMNTS

OCTOBER 23, 2017

When IT Becomes a Drag on Innovation. FIs want to innovate – 97 percent of banks and credit unions surveyed told PYMNTS they have focused on innovation over the past three years. So, what’s stopping them? If you ask the FIs, it’s all about IT infrastructure. For the inaugural edition of the PYMNTS Bank Innovation Readiness Index, an i2C collaboration , PYMNTS surveyed more than 200 FIs to find out what’s fueling, and frustrating, their payments innovation.

Banking 52

Banking Numbers 52

PYMNTS

OCTOBER 23, 2017

In the midst of Money 20/20 , hacking abounds — well, hackathons, to be precise. Visa announced news on Monday (Oct. 23) that the team from OmniPark took both the top Visa prize and Money 20/20 grand prize at the annual confab. As part of those victories, the team takes home a prize package with several components, among them a $40,000 cash component split among team members and several tech devices ranging from iPhones to Fitbit Ionic wearable devices.

Leverage 52

Leverage Startups Securities 52

PYMNTS

OCTOBER 23, 2017

Sports apparel retailer Under Armour has launched its own subscription retail service , Fortune reports. ArmourBox, launched Thursday (Oct. 19), offers consumers a selection of the company’s sportswear on a monthly basis. Under Armour joins established players like Birchbox, Trunk Club, Stitch Fix and Rent the Runway in the subscription box market.

Retail 52

Retail Numbers Marketing 52

Advertiser: Paycor

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PYMNTS

OCTOBER 23, 2017

What are credit cards all about? If you said, “Payments – duh,” you’re only half right. The whole point of buying things on credit, is to give individuals more control over their household cash flow by allowing them to buy the things they need and want to buy over time. Affirm Head of Product Jack Chou , a recent transplant from Pinterest and formerly of LinkedIn, Google and Oracle, says that today, credit products must do better.

Finance 51

Finance eCommerce Retail Sales 51

PYMNTS

OCTOBER 27, 2017

Connected tech has become a staple of modern life. Everything from our cell phones to our homes and even simple appliances now come with embedded Intelligence of Things (IoT) technology. And, that IoT-enabled technology is increasingly being woven into the fabric — both literally and figuratively — of places and products that have the potential to be transformed.

Transportation 51

Transportation Technology Investments Marketing 51

PYMNTS

OCTOBER 25, 2017

Account takeovers have become a new favorite for fraudsters over the course of just a quarter. And, in the wake of the Equifax breach that the exposed personal data of approximately 143 million Americans, the scheme will likely become even more popular with bad actors in the coming weeks and months. According to data from the October 2017 Global Fraud Index , a PYMNTS and Signifyd collaboration, account takeover use recently skyrocketed, climbing 45 percent in Q2 2017 alone.

Accounting 50

Accounting eCommerce Sales Securities 50

PYMNTS

OCTOBER 25, 2017

With many shoppers in Mexico wary of credit card fraud and relying mostly on cash, Amazon has launched a new cash payment service in the country. According to a Reuters news report, the move will enable Amazon to expand its reach in Mexico and to compete with Walmart de Mexico , also known as Walmex, along with other retailers pushing Mexican consumers to shop online.

Marketing 49

Marketing Planning Retail eCommerce 49

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 26, 2017

According to CEO Alfred Kelly, Visa ended its financial year as it began, “with strong growth across payments volume, cross-border volume and processed transactions, which was bolstered by the addition of Visa Europe.” That sent Visa’s stock price up 2 percent, to a record high of $110.61. The headline was, of course, the marked increase in payment volume of nearly 10 percent (9.8 percent) to $1.93 trillion, on a constant dollar basis.

Numbers 49

Numbers B2B Forecasting Leverage 49

PYMNTS

OCTOBER 23, 2017

Germany’s ZUGFeRD electronic invoicing (eInvoicing) standard is making ground across Europe. According to news from IDM on Friday (Oct. 20), the standard, which stands for “Central User Guide for Electronic Invoicing in Germany,” is more easily ready by Electronic Data Interchange (EDI) to transmit data from an invoice into existing enterprise resource planning (ERP) and accounting systems, as compared to other formats of “electronic” invoices like PDFs.

Invoicing 49

Invoicing Investments Accounting Planning 49

PYMNTS

OCTOBER 26, 2017

How much of the U.S. population is financially vulnerable? That is, how many are walking the razor’s edge of solvency, and how many are on their second chance after a shock to their financial stability — such as job loss, work-related injury or a divorce that removed an income stream? More than you’d think, said Karen Webster. It’s a full 40 percent, according to a recent survey by PYMNTS.

Math 49

Math Education Finance Budgeting 49

PYMNTS

OCTOBER 25, 2017

Most anyone with a few dollars and some loose change can hit up a vending machine or unattended kiosk to grab chips or a candy bar. But, for consumers with more cash on hand or cards with higher spending limits, more luxurious items, including caviar and cars, can also be purchased through specialized vending machines. And, for the companies behind such goods, those machines provide value beyond sales themselves — they’re often equally about generating awareness and buzz.

Entertainment 47

Entertainment Transportation Retail Sales 47

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 27, 2017

Halloween is a big event for many retailers, whether they’re seasonal pop-ups or eCommerce mainstays. And spending on the holiday looks like it’s going to break records this year. That said, there may be a few shoppers drifting into the last week of October looking for some last-minute costume ideas. Lucky for them, Google Trends has suggestions. The search firm is using its data to compile a sortable list of popular (and less popular) costumes across the U.S.

eCommerce 47

eCommerce Retail Education Sales 47

PYMNTS

OCTOBER 23, 2017

Chief financial officers (CFOs) are finally trusting the cloud, but according to recent data from CFO Indicator , they aren’t fully realizing the cloud’s security potential yet. Research published earlier this month found that nearly three-quarters of CFOs say they trust the cloud, but 70 percent still lack confidence that they are able to access the data they need to make timely business decisions.

CFO 46

CFO Healthcare Technology Leverage 46

PYMNTS

OCTOBER 25, 2017

Brick and mortar is dead — that seems to be retail’s favorite refrain in 2017, urged on by the ongoing struggles of some of the biggest players in the game and a wave of bankruptcies that keep building without breaking in the industry. While physical retail is working hard to hit the reset button, remember that over 90 percent of shopping is still done in stores.

Retail 46

Retail Startups eCommerce 46

PYMNTS

OCTOBER 23, 2017

What do consumers want? Merchants think they have the answers: ease, efficiency and instant gratification. Oh, and security, too – but not at the expense of that frictionless user experience. Merchants, it turns out, are wrong – at least about a large chunk of their consumers. Although some customers ( millennials : cough, cough) may value convenience above all else, that youthful sense of fiscal invincibility does not extend to their elders, who place a higher premium on transaction security.

Securities 46

Securities eCommerce Compliance Investments 46

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 26, 2017

McDonald’s franchise owners in Pennsylvania have settled a lawsuit filed in 2015 over their use of payroll cards, news reports on Wednesday (Oct. 25) said. Owners of 16 McDonald’s locations across the state have agreed to pay nearly $3 million to hourly employees that joined a class action lawsuit against the fast food restaurant owners’ use of payroll cards they said were riddled with unfair fees.

Banking 46

Banking B2B 46

PYMNTS

OCTOBER 26, 2017

Just in time for Halloween, the Reaper is coming, and he’s after your internet. Reaper, also known as IOTroop, is a growing botnet whose size, at more than 1 million organizations infected, could soon rival that of the Mirai botnet that knocked much of the U.S. offline last year, along with top websites around the world – Reddit, Netflix, Twitter and Spotify, just to name a few.

Securities 46

Securities Retail 46

PYMNTS

OCTOBER 27, 2017

Sizzle of The Week: Fraudsters. And for the record, making “fraudsters” a sizzle isn’t because we think it’s a good thing to do – but, unfortunately, they have earned it. And they’ve earned it not for lack of effort on the part of fraud and security professionals. Many of the best and brightest minds across payments, financial services, fraud and risk spend the vast majority of their time trying to find and fix the weak links that fraudsters could exploit for their own devious means.

Education 46

Education Securities Sales Accounting 46

PYMNTS

OCTOBER 24, 2017

Another day, another security breach. The headlines have been littered with recent reports of fraudsters and hackers stealing consumer information from everyone from email providers to hotel chains and credit bureaus. But, despite the disastrous news, there is reason for optimism in the fight against fraud. Over the past month, several providers debuted solutions to combat cyberattacks by employing new innovations and technology.

Securities 46

Securities Communication Technology 46

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Reconciliations