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Companies recognize the need for IoT security, but few are acting on those concerns. According to a recent survey, 97 percent of respondents said an attack on unsecured devices would be devastating to their organizations. However, less than a third are actually vigilant about monitoring for third-party related risks. Despite the security risks, the popularity of IoT seems unlikely to abate.
Recently, I joined forces with Abe Awasthi, Senior Manager at Deloitte, for the webinar “Sales forecasting fundamentals,” hosted by the Sales Management Association, the first in a three-part series on sales force effectiveness. In the session, we walk through some recommended best practices for sales forecasting and discuss some roles that predictive analytics and machine. read more ?.
In many businesses, acquiring customers used to be a function of where the business was located — a high traffic intersection for a convenience store or a well-heeled mall for a clothing retailer. Technology, of course, changed all that. It’s also made the offering of subscription services a robust channel for a business to operate in. By one measure , subscription company websites have seen visitor growth of over 800 percent since 2014.
Brick-and-mortar retail has spent the last decade building bridges to the digital world so a new generation of digital consumers can move fluidly between them. What’s been largely left behind, however, is a payments experience that moves just as seamlessly between those worlds. There have been many attempts to bridge the gap, but consumers haven’t really taken the bait.
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.
It’s time for retailers to stop looking at brick-and-mortar like it’s dying. Traditional retail is changing, it’s true – and that has manifested as a fair amount of growing pains – but the perception that physical retail is a sinking ship may be leading merchants astray. Perhaps it’s better to think of modern retail as a chrysalis. Traditional retail was the caterpillar, inching along slowly but steadily, and somewhere ahead lies the magnificent butterfly of omnichannel, experiential, contextual
The U.K. is only weeks away from bringing its Global Data Protection Regulation (GDPR) rules into effect, and corporates are ill-prepared for the data security requirements, according to new research. Law firm McDermott Will & Emery collaborated with Ponemon Institute to assess how U.K. businesses are getting ready for GDPR to take effect on May 25.
The U.K. is only weeks away from bringing its Global Data Protection Regulation (GDPR) rules into effect, and corporates are ill-prepared for the data security requirements, according to new research. Law firm McDermott Will & Emery collaborated with Ponemon Institute to assess how U.K. businesses are getting ready for GDPR to take effect on May 25.
Billionaire Bavaguthu Raghuram Shetty is combining Travelex and UAE Exchange under one parent company called Finablr in preparation for a possible initial public offering, according to Reuters. The UAE-based businessman announced on Monday the creation of Finablr as the business that will hold the financial services companies he controls. His son and executive in the family businesses, Binay Shetty, told Reuters the plan is to bring Finablr public on the London stock market at some point after
Is it time to mark the passing of the password? Don’t hang the crepe and black bunting just yet. But then again, the password’s breathing and pulse seem to be … perhaps a bit labored and slowed. Last week, the FIDO Alliance and the World Wide Web Consortium announced the launch of Web Authentication (WebAuthn), billed as a password-free browser. Standards bodies, then, are coming together to offer a standard protocol to hasten logins without using passwords.
The growing complexity of international supply chains inevitably adds complexity to risk mitigation and increases risk exposure to all players involved. This trend is evolving rapidly, and corporate buyers are examining threats from all angles. Once, a company’s top supplier-related risk may have been the threat of a vendor going out of business, or goods failing to make it to their destination on time.
In the 1980s, David Humble was at the grocery checkout counter when something unusual happened: A customer became frustrated with a cashier’s slow pace, so he simply scanned one of his purchases himself. That incident inspired Humble to develop a prototype for a self-checkout system. He combined a personal computer, an industrial computer and a video screen.
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.
Airbnb is helping event planners provide lodging ideas for attendees – and is hoping to make some money along the way – with the launch of Airbnb for Events. In a blog post , the company said that event planners will share the details of the event, and then Airbnb will use that information to create a custom event page and embed a widget that will enable attendants to find a place to stay.
In the gig economy, high turnover means heavy lifting for firms seeking the right candidate. And with rules and regulations governing various service industries — from finance to ride-hailing — background checks are part of the hiring job of hiring. Against that backdrop, Checkr seeks to automate the process a bit by conducting background checks for thousands of customers.
American Express has passed a major hurdle in efforts to become the first U.S.-based credit network to offer services in mainland China. The Chinese central bank formally accepted American Express’ application to clear and settle domestic bank card transactions, the Wall Street Journal reported Thursday. The New York credit card company applied as part of a venture with China mobile payment provider Lianlian Group.
Apple remains the largest company in the world, but the battle is on for No. 2, as Microsoft has rallied to be neck and neck with Amazon in terms of market capitalization. The two Washington state-based companies are within one percentage point of each other, with a market cap of about $723 billion, thanks to a week-long rally in Microsoft shares coupled with a slump in Amazon shares, reported 24/7 Wall St.
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.
Months after delivering packages inside customers’ homes, Amazon begins delivering purchases inside customers’ cars. The free service is only available to Prime members in certain cities and vehicles, CNBC reported. “Amazon Key In-Car Delivery supports most 2015 model year or newer Chevrolet, Buick, GMC, Cadillac and Volvo vehicles with an active connected car service plan such as OnStar or Volvo On Call,” the retailer wrote on its website.
Starbucks saw strong growth in its loyalty program and mobile transactions over its second fiscal quarter of 2018, the company announced ahead of its earnings call. The coffee chain added 1.6 million new U.S. members to its Starbucks rewards program. In addition, Starbucks discovered that members of Starbucks rewards were buying more: Over the quarter, their spend increased to 39 percent of U.S. company-operated sales.
With the advent of technology and the prevalence of online shopping, the term eCommerce fraud has become more general and more vague. Under it, there are numerous types of categories and attacks. Of these, none are more insidious than Account Takeover, aka ATO. It’s more difficult to catch, and the ensuing damages for both merchants and unsuspecting customers go beyond just stolen goods.
It didn’t get to $10,000. That might be the headline news about bitcoin. But then again, it wasn’t $6,000 either. Nor even the $7,000 level seen earlier this month. At a recent $9,300, bitcoin may or may not be stabilizing. Recent coverage in the financial trade press seems to anticipate that there might be some stabilization on hand. Commentary about regulatory efforts that may be a bit more benign than some had feared likely helped.
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.
Fashion designer brand Marc Jacobs is collaborating with Microsoft to address key challenges in the industry’s supply chain management and accounts payable (AP) processes. The companies announced news on Wednesday (April 25) that they are partnering to enhance Marc Jacobs’ accounts payable and invoice processing capabilities. The brand has deployed MediusFlow , an accounts payable and invoice automation solution designed on the Microsoft Azure platform.
Marketplace lending platforms – Lending Club, OnDeck, Prosper and the like – have inarguably and fundamentally altered the geography of the lending landscape. In the last decade, they’ve gone from being a niche product to representing about a third of unsecured consumer loan volume in the United States as of 2016, according to a r ecent study by Harvard Business School Professor Boris Vallee and University of Washington Professor Yao Zeng.
Welcome to Five at Five , your late look at some of the freshest payments news of the day. Today’s stories include an up-to-date analytical report about which ordering and payment technologies are making the most gains in restaurants and how iris scans can beat out other biometrics. Coverage also discusses the future of consumer financial management and a new sense of stability around bitcoin.
The usual school lunch menu suspects — pizza and chicken nuggets — appeal to some students, but those options may not work for students who are vegetarian or gluten-free. As a result, “the school lunch solution doesn’t really work anymore,” Wise Apple Co-Founder and President Nathan Cooper told PYMNTS in an interview. To create an alternative for kids with dietary needs, Cooper set out to reinvent the school lunch by offering a kid-focused meal subscription service that accommodates different di
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.
In 2012, American internet entrepreneur, angel investor, author and blogger Jason Calacanis gave a pretty bold prediction about Amazon Prime — then in its seventh year of existence. “There are two types of people in the world: those with Amazon Prime and those without,” Calacanis wrote. “How you think about consumption, commerce and your personal time is radically different depending on if you’ve join the cult — yet.
While the U.S. Securities and Exchange Commission’s William Hinman said the agency is “striving for a balanced approach” between digital currencies and initial coin offerings (ICOs), a U.S. congressman is taking issue with this line of thinking. U.S. Representative Brad Sherman (D-Calif.) thinks ICOs are detrimental to the economy, CoinDesk reported.
Chinese officials have reportedly taken measures to monitor and potentially crack down on the nation’s banks’ risky lending practices, reports in Reuters said Wednesday (April 25). Two unnamed sources told the publication that the nation’s financial regulator, the China Banking and Insurance Regulatory Commission (CBIRC), have deployed teams from local branches to commercial banks.
The Department of Labor is examining if Wells Fargo pushed retirement-planning customers into pricier accounts and toward buying more expensive investment funds, generating more fees for itself, The Wall Street Journal reported. The bank has pressed employees to move clients into more expensive individual retirement accounts when they retired or left a job providing them a 401(k) account.
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.
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