Sat.Mar 14, 2020 - Fri.Mar 20, 2020

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California Cops Enlist Drones For Lockdown Enforcement

PYMNTS

A police department in California is going to use drones equipped with loudspeakers to help enforce the state lockdown orders imposed due to the coronavirus, according to a report by the Financial Times. The Chula Vista PD has purchased two drones worth $11,000 each. They’re made by DJI, a Chinese company, and the department plans to also add night vision cameras to the flying vehicles.

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Free Focus on Cash Course

The SaaS CFO

Greetings, I created a free course over the weekend to help those businesses thtat might be facing a cash crunch due to the corona/covid virus. Check out the course here. It’s posted at The SaaS Academy. 350+ have enrolled as of last night. Eleven video lessons ranging from 5 to 10 minutes. Also, if you […]. The post Free Focus on Cash Course appeared first on The SaaS CFO.

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COVID-19 Small Business and Non-Profit Organization Loans

Adam Kae

We are entering a new era, and many small businesses are suffering as a result. You are not alone! The Small Business Administration is working with the local government on an Economic Disaster Loan Program for small businesses and non-profit organizations that are negatively impacted by COVID-19. Today, we break down who qualifies, why you might want to use it, and where to apply.

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Growth Through Acquisition

The CFO Centre

To accelerate the growth of your company and organic growth doesn’t appeal, consider merging with or acquiring another company. In this article, we’ll go through the about your business tips for growth through acquisition. Such a move can help business owners like you to grow your top line and profitability, says the FD Centre’s FD East […] The post Growth Through Acquisition appeared first on The CFO Centre US.

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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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FDIC Approves Square For Banking License

PYMNTS

The Federal Deposit Insurance Corporation ( FDIC ) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). Square Financial Services will originate commercial loans to the retailers that use Square for payments. The headquarters will be in Salt Lake City, Utah.

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More Trending

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Book Review: How Money Became Dangerous

CFA Institute

How Money Became Dangerous is an insightful account of a key period in the development of finance.

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Fintech Finastra Hit By Suspected Ransomware Attack

PYMNTS

Banking technology FinTech Finastra was hit with a security breach on Friday (March 20), and was forced to shutter key systems and send employees home, according to a report by KrebsonSecurity. Although the company’s statement doesn’t mention the type of attack specifically, Krebs believes it is likely a ransomware attack based on the reaction. Two sources forwarded internal notices about the outage.

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Walmart To Reward Workers With $550M In Bonuses Amid Coronavirus

PYMNTS

To honor staffers who are maintaining stocks of supplies on shelves as shoppers visit locations in droves, Walmart said it would pay almost $550 million in bonuses to hourly workers. The retailer has experienced an increase in sales as consumers stock up on toilet paper, food, hand sanitizer and other products as they get ready to remain in their residents with increasing COVID-19 cases, CNBC reported.

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Baidu: AI Exceeds Human Natural Language Comprehension And Open Source Could Make It Even Better

PYMNTS

Every consumer has gone through at least one iteration in their commercial life of the clunky, junky product search. It starts with a basic idea of what one is looking for — but nothing as specific as say a SKU — entered into a search bar. From there, it is picking through returns for the right option, or at least as close to right option as possible, and then clicking around until one finds a transaction point on a checkout page with a buy button.

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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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Goldman Sachs Adds Global Payments To SAP Ariba

PYMNTS

A new Goldman Sachs deal will allow more companies to work with with the wide swathe of businesses using SAP’s Ariba Network , which boasts trillions of dollars in commerce transactions annually, according to a press release. Goldman Sachs’ capabilities for cross-border payments and tech-savvy achievements that simplify payments as reasons why SAP is also getting something out of the deal.

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New Instant Payment Networks Launch, From Aruba To Hungary

PYMNTS

Speed drives innovation, particularly in payments. In this week’s look at payment rails innovation, PYMNTS finds a slew of new markets around the world adopting entirely new payment networks that can support their demand for real-time transactions. While some geographies have opted to collaborate with the private sector to develop their own national instant payment networks, others are adopting solutions like RippleNet and SWIFT gpi to modernize their banks’ capabilities.

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Bitcoin Daily: Some Starbucks App Users Can Now Pay In Bakkt Cash; Russia’s Central Bank Says Bill Would Ban Cryptos

PYMNTS

Select Starbucks mobile app customers are now seeing a payment choice of “Bakkt Cash,” CoinDesk reported. A spokesperson for Starbucks told the outlet, “We are currently conducting a limited test for our customers, using the Bakkt payment method. Customers can see Bakkt as an option but the test is only available at this time.”. Intercontinental Exchange, the parent firm of Bakkt, had first made it known in the summer of 2018 that Starbucks was eyeing the retail use of digital currency payments.

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JPMC First Big Bank To Shutter Branches As Virus Spreads

PYMNTS

JPMorgan Chase is temporarily closing 1,000 branches — about 20 percent of its locations — in the wake of the coronavirus, according to a report in The Financial Times citing an internal memo. It is the largest retail bank to shutter branches because of the pandemic. A JPMorgan Chase official sent a memo to workers on Wednesday (March 18) that announced the closing of about a fifth of their branches, with the exception of drive-through windows.

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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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NEW REPORT: How COVID-19 Changed The Daily Life For 85 Percent Of US Consumers

PYMNTS

The United States has reached a tipping point on COVID-19, with federal state and local governments implementing new restrictions on where consumers can travel, how many can gather in any given location and requiring restaurants and bars to shut their doors in the hopes of slowing the spread. But for all the actions these governmental bodies have taken to restrict consumers’ movements, most consumers had already changed their routines to avoid it, on their own free will.

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Innovating Cross Border B2B Payments: It Takes An Ecosystem

PYMNTS

Tackling B2B payments friction is a journey, but when corporates take their transactions global, finding a remedy for cross-border B2B payments is a much more complicated process. The current climate of innovators appears to be up for the challenge, however. FinTechs and banks continue to develop new solutions to address many of the biggest pain points of global business payments, from speed to foreign exchange.

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How Opening Bank Data Can Transform SMB Lending

PYMNTS

Open banking’s impact on small- to medium-sized businesses (SMBs) continues to proliferate as traditional financial institutions (FIs) embrace the opportunity to unlock data for third-party platforms. FinTechs continue to push the envelope to see how far open banking frameworks can go in improving the SMB banking experience, and increasingly, SMB lending is shifting to the center of these collaborative efforts.

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eCommerce Fraud Presents A $12 Billion Problem

PYMNTS

With the coronavirus putting eCommerce front and center, it has unfortunately been joined by its cousin: online retail fraud. Conservative estimates put online sales at $630 billion this year. At the same time, a new report shows that fraudsters will take more than $12 billion off the table. That doesn’t count alienated customers who are ready to pull the trigger on social media with a bad review.

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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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SoftBank May Drop Plan To Buy $3B In WeWork Stock

PYMNTS

A big part of SoftBank ’s bailout plans for office sharing company WeWork could be in jeopardy after SoftBank backed away from a plan to buy $3 billion worth of the company’s shares, according to a report by The Wall Street Journal. On Tuesday (March 17), WeWork shareholders were sent a message from SoftBank claiming that several regulatory probes into WeWork were being done by not only the Department of Justice (DOJ), but also the Securities and Exchange Commission (SEC).

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Red Hat: Innovating Payments The Open Source Way

PYMNTS

To stay competitive, especially with digital startups unencumbered by legacy systems, traditional financial institutions (FIs) need to deliver seamless customer services to individual consumers and enterprise customers alike. To that end, Vincent Caldeira, chief technologist for FSI in APAC for Red Hat told PYMNTS, FIs — especially incumbent FIs — are facing rapid changes in payments that demand they modernize payments processing, embedding new functionality along the way.

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Stopping Fraudsters From Taking The Travel Industry For An $11B Ride

PYMNTS

Fraud attacks’ frequency and complexity will likely continue to rise despite merchants’ best efforts to prevent them. Bad actors are tapping into personally identifiable information (PII) gathered from previous hacks to orchestrate their increasingly sophisticated efforts, including data purchased from the dark web to hide their tracks or pieces cobbled together from several victims to create difficult-to-detect synthetic identities.

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Why Mobile Card Apps Must Be More Than ‘A Nice Little Tool’ For FIs

PYMNTS

While fast, explosive and unexpected change is almost impossible to miss — the global domino effect the coronavirus has kicked off being the most obvious recent example — change that happens more quietly and incrementally doesn’t quite set off the same type of alarm bells. Such is the situation in financial services, where the capabilities that have been unlocked by digitization have rather radically changed consumers and preferences — although perhaps in ways that don’t stand out as obvious.

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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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Could The Coronavirus Crisis Solve Digital IDs’ ‘Chicken and Egg’ Problem?

PYMNTS

When all is said and done, when the pandemic is over, when we emerge on the other side of this, it’s safe to say that who we are – no matter where we live – will have changed a bit. So will the ways in which we prove we are who we say we are. In an interview with Karen Webster, Philipp Pointner, chief product officer at Jumio , said the coronavirus may hasten a shift from paper and plastic documents toward digital ID verification.

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Amazon, JPMorgan Donate Money To Ease Coronavirus Crisis

PYMNTS

JPMorgan said it will to donate $50 million to groups and organizations that provide support and supplies to people affected by the coronavirus all over the world, according to a report by Reuters. . The first $15 million will go to groups directly dealing with how the virus is affecting people directly, with $5 million to institutions that handle community development, to dole out low- or no-interest loans.

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Revolut Rolls Out New Banking App For Kids

PYMNTS

With new mobile app Revolut Junior, global finance platform Revolut wants to get children into the money business, according to a press release. Revolut Junior will be targeted at children from the ages of 7 to 17, and will aim to teach them about finances, saving money and more. Revolut Junior Product Owner Aurelien Guichard said in the release that the drive behind the project is the basic idea that financial literacy and knowledge has to sprout first from a child’s home.

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Apple/Disney: Is Apple About To Make The Happiest Acquisition On Earth?

PYMNTS

The latest rumors about Apple buying Walt Disney Co. aren’t new – they go back to Disney ’s 2006 acquisition of Pixar. That made late Pixar Co-founder Steve Jobs into Disney’s largest shareholder and a member of its board. Of course, Jobs was also co-founder of a little computer startup you might have heard of called Apple, and at the time was in his second tour of duty as its CEO.

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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.