Sat.Apr 13, 2019 - Fri.Apr 19, 2019

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Visa, Wave Team To Bring Instant Payouts To Micropreneurs

PYMNTS

“When do you want to get paid?” It’s a basic question that — when posed to anyone, particularly, a small business (SMB) — most always has the same answer, no matter who one asks or within what industry: now. Until recently, “now” was almost never an option, since it was always based on when the funds had cleared, regardless of how that payment was made.

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500 Startups: How Diversity Drives Deals

CFA Institute

Vera Futorjanski of 500 Startups discusses the value of diversity in an interview with Barbara Stewart, CFA.

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Why AI Risk Tech And Banks Could Be A Match Made In Heaven

PYMNTS

While most CEO stories are about having founded a firm to solve a problem, Upstart CEO Dave Girouard and his team of former Google staffers actually started with a solution. A solution, he told PYMNTS four years ago , that had nothing to do with financial services or lending at all — they were actually studying hiring and figuring out ways to track employability over time with data.

Banking 89
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Cambodia, Singapore In X-Border FinTech Pact

PYMNTS

Cross-border FinTech efforts have seen increasing participation from central banks and monetary authorities. Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation.

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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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Can Regulating Wearables Protect Data Privacy?

PYMNTS

The Intelligence of Things (IoT) has become a fixture of everyday life, with more than 14 billion connected devices expected to be in use by the end of 2019. However, as IoT continues to proliferate in more industries and use cases, concerns about data privacy have quickly followed, with consumers and lawmakers ra ising concerns about attacks from bad actors.

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World Bank, IMF Debut Private Blockchain And ‘Quasi-Cryptocurrency’

PYMNTS

The International Monetary Fund ( IMF ) and the World Bank are partnering up to launch a private blockchain and “quasi-cryptocurrency.”. The asset, “Learning Coin,” will be accessible only within the Washington-based multinational agencies. Since the coin has no monetary value, it’s not an actual cryptocurrency, according to The Financial Times. Instead, the coin will be used to study the technologies used for crypto assets, and how they can be utilized in the real world.

Banking 78
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Want To Build A 630M, 10 Country Financial Services Ecosystem? Here’s What Grab Did

PYMNTS

Ankur Mehrotra, managing director and head of financial services for Grab , still gets emotional when talking about the drivers and their dreams of owning cars. Not exactly in a tearful way, but one can hear something in his voice — some heartfelt tone — that signals how important it is that rideshare drivers have opportunities to own vehicles. Grab, as most know, is a financial services ecosystem that serves the 630 million citizens in Southeast Asia — and has expanded from ridesharing and foo

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The Global Influence Of PSD2

PYMNTS

The Second Payment Services Directive (PSD2) is impacting the use of data for business and consumers around the globe, and the European eCommerce industry could be significantly affected by Strong Customer Authentication (SCA) noncompliance. In retail, merchants are increasingly turning their sights to resale commerce, and Livekick is bringing personal training to clients through its digital platform.

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Ripple’s Cross-Border Offerings Gain Asia Adoption

PYMNTS

Amid cross-border payments efforts, Ripple has gained some traction in recent days. As reported on sites such as BitcoinExchangeGuide , Siam Commercial Bank is boosting its use of Ripple’s offerings, including xCurrent. Paul Arriyavat, chief strategy officer at Siam Commercial Bank, said, according to the site, “Banking penetration is so low. People use cash.

Banking 77
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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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Chipotle Hacked, Payment Credentials Compromised

PYMNTS

Chipotle Mexican Grill has been the victim of a cyberattack that compromised the credit card payment information for a small number of customers. Many customers have recently posted on social media that orders placed at the restaurant fraudulently used their payment cards during the first few weeks of April. “The privacy and security of our customer information is very important,” said Laurie Schalow, chief communications officer at Chipotle, according to Mobile Payments Today. R

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Smart Agents Are AI’s DNA — Here’s Why

PYMNTS

Inspiration comes from anywhere and everywhere, and that goes for digital innovation in payments and commerce. Just ask Akli Adjaoute, CEO of Brighterion (a Mastercard company), who recently spoke with PYMNTS’ Karen Webster about the rise of smart agents, a form of artificial intelligence designed to bring more fraud prevention and customer service to financial institutions and other digital players.

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Mastercard Buys POS Financing Provider Vyze

PYMNTS

Mastercard has moved into point-of-sale financing with the acquisition of Vyze, a FinTech firm the payment card network calls an “an end-to-end platform that facilitates financing options for merchants’ customers at checkout.”. Announced Tuesday morning (April 16), the deal gives Mastercard a new role in the alternative financing space. “Vyze’s platform connects merchants with multiple lenders, allowing them to offer their customers a wide range of credit options online and in-store and ultimate

Finance 75
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Bitcoin Daily: France Votes To Include Crypto In Insurance Contracts; VC Draper Could Team With Facebook For Crypto Venture

PYMNTS

The National Assembly of France has voted to allow local insurance companies to include cryptocurrencies in life insurance contracts. Changes to the insurance code via the Pact Act now allow for life insurance contracts investing in specialized professional funds (SPFs) to include blockchain-backed assets. “With these two provisions, it is written in black and white that SPFs can invest in cryptocurrencies like bitcoin,” said Simmons & Simmons attorney Emilien Bernard-Alzias, according to CC

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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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PSD2 Challenges Leave Norway, Netherlands Playing Catch-Up

PYMNTS

Since many European Union (EU) countries have now brought PSD2 and GDPR fully into their financial infrastructures, banks and merchants must prepare for the upcoming Strong Customer Authentication (SCA) rule and its fast-approaching September deadline. EU banks and merchants also face the changes to data security, transparency and privacy that the PSD2 and GDPR regulations have marshaled across the region.

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UK Bank TSB Will Issue Refunds To Fraud Victims

PYMNTS

U.K. bank TSB said it would refund its 5.2 million customers who were the victims of an online fraud scam. According to a report in the Financial Times , TSB is aiming to rebuild its reputation after a difficult year that saw an IT migration go wrong. It becomes the first U.K. bank to say it will cover customers from online fraud losses. Such fraud reportedly impacted one in four U.K. consumers last year.

Banking 74
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What Anonymous B2B Trade Means For The Buyer-Supplier Relationship

PYMNTS

The buyer-supplier relationship is viewed as a strategic component of commerce, procurement, supply chain management and the overall success of a business. Yet, the needs of both buyer and vendor are changing as supply chains globalize, and as transactions become more complex — and those needs are often at odds with each other, risking the integrity of buyer-supplier ties.

B2B 73
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Is Uber The Next Decade’s Trillion-Dollar Platform?

PYMNTS

Uber filed its S-1 last Thursday (April 11), two weeks after Lyft went public. By close of business on Friday, Lyft’s stock was trading at $59.90 a share, 20 percent off its $75 high at the end of its first day of trading. Lyft’s market cap was a bit lighter by the end of the day Friday, too: $17 billion versus the $23 billion it enjoyed, albeit briefly, on its first day as a public company.

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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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How FinTechs Tackle Real-Time Payments With Automation

PYMNTS

Corporations today receive payments through a variety of methods: They might take in funds through checks, traditional automated clearing house (ACH) or wire transfers. Some corporates may accept cash, credit cards or web payments. In other words, corporates have a mix of payments coming in through different channels. Real-time payments add another payment option, however, they come with real-time challenges.

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In B2B eCommerce, Lowest Price Isn’t Always The Right Price

PYMNTS

Amazon has found a gold mine with its third party sales service. Because the company takes a percentage of each sale from its third party sellers, as well as additional logistics fees via the Fulfilled by Amazon service, the operations now amount to twice as much in revenue for Amazon as its own eCommerce services in which Amazon sources and sells products directly.

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How Digital Payments Could Help Rebuild Notre Dame Cathedral

PYMNTS

After much of Chicago burned to the ground in 1871, rebuilding the city involved various fundraising and restorative strategies. One famous effort took the form of donated books sent from common people (and royalty) in the U.K. to help build a new, free and public library in the capital of the Midwest – a gesture that can still make the city’s locals smile with awe and gratitude.

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Silicon Valley Is Losing Its Luster With Millennials

PYMNTS

Silicon Valley is losing its luster with young adults, as recent polling shows millennials are gearing up to leave the San Francisco area at an increased rate. Reuters, citing a Brunswick Group survey, reported two-fifths of people between the ages of 18 and 34 that are employed in the tech sector plan to leave the San Francisco area during the next twelve months.

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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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In B2B, P2P, Banking And Beyond: APIs Are Coming

PYMNTS

To paraphrase a TV show that many are no doubt watching (or binge watching to catch up), replete with dragons, thrones and rather grisly games: The application program interface (API) is coming. The API seems to be on everybody’s lips, a catchphrase or buzzword for a sea change in banking that has the potential to upend the way we do business across any type of interaction.

B2B 71
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Is This The End Times For Brick-And-Mortar Retail?

PYMNTS

Retail apocalypse? Mere culling of the herd? Whatever you want to call the decline of brick-and-mortar retail – and it’s getting worse, according to a few recent reports – it’s not good. That said, there is always opportunity in the strangest of places. Among the latest dim figures about brick and mortar (or, if you prefer, the latest bright news for eCommerce operators)?

Retail 71
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Lawsuit Claims Lyft’s IPO Was Intentionally Overvalued

PYMNTS

Lyft is being sued by some investors who say the company exaggerated its market position during its IPO in March, which they say led to a shedding of stock value. Bloomberg reported there are two class-action lawsuits against the company, as well as against underwriters, officers and directors. The lawsuits were filed on Wednesday (April 17) in San Francisco.

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Facebook Terminates P2P Payment Platform In UK, France

PYMNTS

Facebook’s payment service in the U.K. and France is being shut down after it failed to take off in the two countries. Finextra , citing a Facebook spokesman, reported the P2P payment service that worked through Messenger was launched in 2017. Facebook had been able to get all of the leading banks in the U.K. on board but the service didn’t resonate with consumers.

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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.