Sat.May 05, 2018 - Fri.May 11, 2018

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What is Monthly Recurring Revenue?

The SaaS CFO

What is Monthly Recurring Revenue in SaaS? There is no shortage of terms and acronyms in SaaS, and monthly recurring revenue (MRR) is one of them. SaaS revenue terms can be quite confusing, especially around revenue. Is it MRR, ARR, ARPA, or bookings? In this post, I’ll define monthly recurring revenue and how you calculate […]. The post What is Monthly Recurring Revenue?

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Synchrony To Acquire Loop Commerce

PYMNTS

Synchrony Financial announced today (May 10) that it will acquire Loop Commerce , the digital gifting platform used by retailers to make every product giftable. Using Loop’s GiftNow feature, consumers shopping for someone else at a participating retailer can send any product to any recipient using only their email address and then schedule a time for that item to be delivered, including in real time.

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Jeff Bezos: Humans Are Scarier Than AI

PYMNTS

Robots aren’t going to take over the world, but humans could use them for some scary stuff. That’s Amazon CEO Jeff Bezos’s take on artificial intelligence (AI), according to CNBC. And in the wake of Google ’s latest tech revelation, many experts are agreeing with him. Google revealed its human-sounding AI assistant Google Duplex during this week’s I/O conference.

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The Competition In Selling A Good Night’s Sleep

PYMNTS

Americans could stand to get a few more hours of rest each night. According to the CDC , about one-third of all Americans between the ages of 18–70 are not getting the recommended 7–8 hours of sleep a night — or, in a lot of cases, even getting close to it. “As a nation, we are not getting enough sleep,” Wayne Giles, MD, director of CDC’s Division of Population Health, said in the study, before noting that Americans need to change their lifestyles (going to bed at the same time each night, risin

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Nearly 100 Pizza Huts To Test Beer Delivery

PYMNTS

As restaurant operators seek to bolster sales in the face of weak traffic growth, Yum! Brands’ Pizza Hut is bringing beer delivery to approximately 100 of its restaurants in California and Arizona. The restaurant chain had begun testing the service in Phoenix back in December, Reuters reported. The new rollout will include cities such as Tucson, Prescott and Winslow in Arizona, and Los Angeles, Bakersfield, Sacramento and Santa Barbara in California.

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Wells Fargo To Start Testing Pay With Wells Fargo

PYMNTS

Wells Fargo announced news on Thursday (May 10) of the launch of Pay with Wells Fargo, a new service for its mobile app that brings payment options to the home screen of the app before a customer must log in. In a press release , the bank said customers can select their most commonly used payment method, including Zelle , mobile wallets, Card-Free ATM Access code and transfers, without having to sign into the app.

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Rules Were Made To Be Broken, Or At Least Rewritten

PYMNTS

There are some things that happened so predictably they became like laws. Transistor density on microchips doubled every year and a half, so we started calling it Moore’s law, until it started slowing down. SNAP (the Supplemental Nutrition Assistance Program , colloquially known as food stamps) customers are easily assumed to be digital outsiders, but Propel is rewriting that rule.

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Data Dive, Thinking Big Edition: Amazon, Google And Ripple

PYMNTS

Since at least the time of ancient Rome, human beings have been saying some variation on the expression “fortune favors the brave.” It has many permutations — “nothing ventured, nothing gained” or (our favorite) “go big, or go home” — but they all get at approximately the same point: Want a big reward, better be willing to take a big risk. This week in PYMNTS and commerce, we had plenty of players pushing in the spirit of said ancient wisdom, to greater and lesser effect.

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How Banks Can Turn SMB Loan Rejections Into Opportunities

PYMNTS

Disruptions to the small business banking and lending landscape over the last decade have completely overhauled entrepreneurs’ relationships with FIs. Today, small businesses are often frustrated with their banks, and access to financing can be a challenge. A survey previously released by the Federal Reserve found that small businesses face an 80 percent chance of rejection when applying for a bank loan.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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National Business Systems VP: For Some SMBs, It’s Still Wait-And-See On EMV

PYMNTS

After nearly three years, the transition to EMV in the United States still has its challenges. In an interview with PYMNTS, National Business Systems VP David Riley noted a lack of awareness in the field for smaller firms across several verticals. The executive stated that the simple cash register — and what that hardware can do, and how — has undergone a series of transformations over the last few decades, reaching the point where EMV protection and integrated payments are both affordable and e

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Chinese Tourists Are Driving Global Payment And Retail Change

PYMNTS

One of the small joys of travel is waking up a bit later than expected, then skipping the check-out desk on the way to a cab or shuttle bus, the morning off to a strong start because there was no need to wait in a line. That’s one of the driving ideas behind a new service that Marriott International recently launched for Chinese travelers going overseas — a service that also helps to demonstrate how the country’s growing tourist class is changing payments and retail.

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Drive.ai To Launch Self-Driving Car Pilot In Frisco, Texas

PYMNTS

Drive.ai , the California self-driving car startup, announced Monday (May 7) that it is launching an on-demand self-driving car service pilot in Frisco, Texas. In a press release , Drive.ai said that starting in July — and in conjunction with the Frisco Transportation Management Association, it will offer rides to more than 10,000 people in self-driving vehicles.

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Airline Industry And Deutsche Bank To Roll Out Electronic Payment System

PYMNTS

The airline industry, in conjunction with Deutsche Bank, is trying to challenge credit card companies with a new digital payment system to purchase plane tickets. According to a report in the Financial Times , the real-time electronic payment system is being designed to save the airline carriers billions of euros in transaction fees. The payment systems, which will enable travelers to purchase web-based tickets, will be rolled out in Europe starting toward the end of this year.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Could A New Credit Card Put Apple Pay’s S-Curve In Motion?

PYMNTS

Apple and Goldman Sachs Group are in the midst of bringing a joint Apple Pay-designated credit card to market. The news comes at a critical juncture in the product lifecycle of Apple Pay. It’s been more than three years since the launch of the mobile wallet and, as classic business theory goes, this moment in time should mark the top of the S-curve for a new product — the point where it is at peak adoption.

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NEW DATA: With Kiosks Scoring $717M In Revenue, QSRs Turn To Self-Serve Tech

PYMNTS

They started out selling gum, and now they’re selling tossed salads. Modern vending machines have come a long way since the first coin-operated machines were introduced in the 1880s. Now, they are a thriving, global business. Between now and 2021, the American interactive kiosks market is projected to grow by an annual rate of 7.2 percent. In 2016, the market generated $717 million in revenue, 30 percent of which came from food and beverage kiosks — the largest share of total revenue of any cate

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Crowe Horwath: ‘Risk Sandboxes’ Bolster Innovation While Managing Compliance

PYMNTS

Innovation implies a break from the conventional ways of operating a business. Ultimately, innovation is oxygen for companies in almost any vertical, as competition demands new products and services, improving customer experiences in unexpected ways. It’s no secret that the regulatory landscape is shifting quickly, requiring firms catering to those very customers through innovation to safeguard them at the same time, especially when it comes to their data.

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Equifax Gives Congress More Breach Data Information

PYMNTS

Equifax , the embattled credit scoring company that was the subject of a massive data breach last fall, provided several congressional committees in the Senate and House with more information on the data compromised in the breach. In a press release , Equifax said the additional details do not identify additional stolen data or new customers that were impacted, nor do they require more consumer notifications.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Five At Five: Why Can’t Macy’s Impress Morgan Stanley?

PYMNTS

Welcome to Five at Five , your late look at some of the freshest payments news of the day — news you might have missed. Today’s stories include a discussion on why Macy’s eCommerce success does not impress Morgan Stanley and the details behind the joint pursuit of payments by Apple and Goldman Sachs. Google is drawing criticism for robots — specifically, their interactions with humans — and there is a fresh measure of Americans’ debt burdens.

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In B2B, FinTech And Banks Eye (And Serve) SMB Capital Needs

PYMNTS

Capital is the lifeblood of economies, and of the companies (and yes, of course, individuals) that collectively make things and provide services … and in the age of FinTech, the capital comes digitally and across innovative channels. The initiatives are far-flung and varied, but each is marked by a common thread of serving small business needs as both the lenders and the borrowers seek growth.

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Walmart Pays $16B For A 77 Percent Stake In Flipkart

PYMNTS

Walmart announced earlier on Wednesday (May 9) that it inked a deal to invest in Flipkart for $16 billion, giving the retailer a 77 percent stake in the India-based eCommerce company. In a press release , Walmart said the deal still needs the approval of regulators in India, but that once that step is completed, the retailer will own 77 percent of Flipkart.

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Experimental Transactions Test Crypto Limits

PYMNTS

A Russian state-owned fund is trying to attract investment to the tundra and swamps of Siberia through a digital token sale backed by Siberian diamonds. According to The Financial Times , the plan will start a trial this month, where investors can buy a share in a diamond for as little as $10. If all goes well, future token sales will include the region’s forests, gas and gold, as well as its fresh water and fish.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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H&M Looks To Big Data For Store Insights

PYMNTS

To reduce markdowns and break out of a lull in sales, H&M is turning to artificial intelligence (AI) and Big Data to tailor its merchandising mix in its brick-and-mortar stores. The fashion retailer is using algorithms to gain insights from returns, receipts and data from loyalty cards to improve its bottom lines, according to news source Retail Dive reports.

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Small Businesses Shun Innovation For Fear Of Debt

PYMNTS

Small businesses (SMBs) prefer not to seek funding to finance their innovative endeavors, according to new research from BMO Wealth Management , which suggests SMBs are missing out on opportunities to drive growth. A survey of more than 1,021 small businesses in the U.S. published in BMO Wealth Management’s “ Creating Wealth through Business Improvements ” report on Monday (May 7) found that 60 percent of small businesses have never sought funding to support investment in innovation.

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With Same-Day ACH, You’d Better Have Same-Day Fraud Detection

PYMNTS

Accelerating payments mean financial institutions have less time to identify fraud before a transaction clears and settles. With Same-Day ACH now a reality in the U.S., FIs are kept on their toes to mitigate this risk. In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches.

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NYPD Tests ‘Skim Reaper’ To Stop ATM Tampering

PYMNTS

The NYPD is fighting back against ATM tampering with a device called the “Skim Reaper.”. According to CBS News in New York , the device can detect if an ATM or gas pump has been compromised. Credit card skimmers steal more than $1 billion from U.S. customers each year, according to the Secret Service. For its part, the NYPD has four full-time, trained detectives tasked with finding skimmers, but says the problem is too widespread to be stopped with those resources.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?