PYMNTS

JULY 21, 2020

Crypto boosters have spent the better part of the past decade promoting the idea that great fiat-currency disruptions are coming care of blockchain and literally hundreds of thousands of variations of cryptocurrency circulating in the world today. Crypto enthusiasts proclaim that you can front the best-known players like bitcoin or the most obscure blockchain-backed currencies circulating the world and tap into the future of money.

Sales 127

Sales Currencies B2B Communication 127

Future CFO

JULY 23, 2020

DBS Bank has partnered with business cloud software company Infor to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses, the technology firm said recently. . The two companies’ first joint program lately went live with one of the world’s largest global apparel companies, providing faster and more cost-efficient digital trade financing to suppliers in the apparel company’s supply chain ecosystem which comprises mostly small-to-medium-

Finance 52

Finance Banking Credit Risk Leverage 52

Jedox Finance

JULY 23, 2020

This week we are pleased to welcome our Diamond Partner, smartPM.solutions , as a guest to the Jedox blog. Headquartered in Austria, they share their expertise on program and project performance management and discuss seven common mistakes and how to avoid them. Numerous project applications, approvals, budget and resource allocations, and the monitoring of the success of projects and portfolios regularly push program managers to their limits.

Prioritization 52

Prioritization Budgeting Communication Planning 52

CFA Institute

JULY 21, 2020

How did gender lends funds perform amid the pandemic and economic downturn of the first quarter?

Economics 52

Economics Performance Measuring Investments 52

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

JULY 21, 2020

Spotify Technology on Tuesday (July 21) augmented its big push into podcasting with a major new offering, as the music streaming service announced plans to let select creators roll out videos along with their core audio offerings. Promising a “visual and audio feast,” Spotify said that both free and paid subscribers will now have access to “video podcasts” from the creators of podcasts like Book of Basketball 2.0 , Fantasy Footballers , Misfits Podcast , H3 Podcast , The Morning Toast , Hig

Planning 104

Planning Technology Entertainment 104

PYMNTS

JULY 22, 2020

Goldman Sachs has predicted that online shopping will expand by 19 percent each year during the next three years to come, which marks a rise from its past forecast of 16 percent. The firm said the acceleration was mainly fueled by quicker growth in the United States, Brazil, Western Europe and a good share of APAC, according to the Monday (July 20) report.

Forecasting 104

Forecasting eCommerce Sales Retail 104

PYMNTS

JULY 24, 2020

London startup mobile bank Revolut Ltd. has secured $80 million in new funding at a $5.5 billion valuation as part of its Series D round that kicked off five months ago. The latest infusion of cash comes from TSG Consumer Partners , a San Francisco-based private equity company, TechCrunch reported. In February, Revolut raised $500 million in a round led by Menlo Park, California-based TCV, one of the largest growth equity firms.

Startups 102

Startups Foreign Exchange Valuation Invoicing 102

PYMNTS

JULY 24, 2020

Megamalls are having mega problems. The two largest U.S. malls — Minnesota’s Mall of America and New Jersey’s American Dream mall — are struggling, with the company that owns both recently skipping a third straight payment on the Minnesota property. Located in Bloomington, Minn., the Mall of America features not only 500 stores, but also some 28 amusement-park rides, an aquarium and more.

Entertainment 100

Entertainment Retail Investments 100

PYMNTS

JULY 21, 2020

Western Union has signed a deal with TrueMoney , a Philippines financial services provider, the global cross-currency money mover and payments company announced on Tuesday (July 21). Terms of the deal were not disclosed. The collaboration will allow customers to get cash at select TrueMoney locations identified by Western Union signs. The service will eventually be available at more than 5,000 locations in the Philippines.

Currencies 98

Currencies Banking 98

Advertiser: Paycor

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PYMNTS

JULY 20, 2020

The payments program from messenger service WhatsApp will be allowed to go forward in Brazil, the country’s central bank said, so long as all rules are respected, Reuters reported. Brazil suspended services on the implementation of the new payment system last month, saying it was worried about the potential for monopolies to arise from the partnership between WhatsApp and large international companies like Visa and Mastercard.

Banking 97

Banking Marketing 97

PYMNTS

JULY 22, 2020

“People want to be able to pay however they want, including with cards, digital wallets, alternative payment methods and rewards points. Giving customers choice can drive sales and loyalty.”. It’s hard to argue with the statistics on payments preference. It’s even harder when those stats are provided by industry titan PayPal. They make a powerful point about choice.

Sales 97

Sales eCommerce Economics Retail 97

PYMNTS

JULY 21, 2020

Capital One reported on Tuesday (July 21) that its credit card business shrank during the second quarter, but that delinquencies fell despite the pandemic. “The impacts of the COVID-19 pandemic drove second-quarter results across all of our business segments,” Richard Fairbank , Capital One’s founder, chairman and CEO, said in an earnings call with analysts.

Banking 96

Banking Investments Technology 96

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. The European Union’s financial authorities are monitoring how the pandemic may be affecting banks’ and FinTechs’ compliance with rules such as the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2), for example.

Banking 91

Banking Financial Systems Planning Compliance 91

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

JULY 20, 2020

U.K. small and medium-sized business (SMB)-focused bank Tide said it has a new relationship with Mastercard that makes Tide one of the card company’s principal issuers, Finextra reported Monday (July 20). “Entering a strategic partnership with Mastercard and becoming a principal card issuer is an extremely exciting step for Tide,” Tide CEO Oliver Prill said in a prepared statement, according to the report.

Banking 91

Banking Invoicing Marketing B2B 91

PYMNTS

JULY 22, 2020

Among the value propositions for real-time processing is to improve liquidity while reducing transactional overhead. Yet for many entities, the concept of implementing real-time processing across an entire system can feel overwhelming complex. As real-time payment infrastructure grows more sophisticated, technology presents an opportunity for organizations to mitigate the adoption hurdle.

Reconciliations 90

Reconciliations B2B Cash Management Technology 90

PYMNTS

JULY 24, 2020

When Indochino launched in 2007, the company wasn’t out to create a new template for the entire retail sector, just a better product with better prices and a better buying experience. But four months into a pandemic that has turned the traditional retail business model inside out, the company looks like it could teach all of retailing a new paradigm — a showroom model with little inventory and appointment-only viewing.

Retail 90

Retail Forecasting Economics Technology 90

PYMNTS

JULY 23, 2020

Berkshire Hathaway , the Warren Buffett-helmed conglomerate that owns Geico , upped its stake in Bank of America (BoA) by over $800 million, in what the Financial Times (FT) reported is a vote of confidence in the lagging U.S. banking sphere. Berkshire purchased 34 million shares in BoA, which is a 4 percent increase of its holding in the company, FT reported.

Banking 90

Banking Concentration Investments 90

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

JULY 22, 2020

Financial institutions (FIs) are beginning to see the light at the end of the tunnel for bouncing back from the pandemic, but the crisis has not been without its casualties. Banks have been forced to reduce or suspend in-branch activities to prevent the risk of infection at branches at least temporarily. The largest bank in the United States, J.P. Morgan Chase , closed 1,000 branches for awhile, and Citigroup temporarily shut down 100 branches.

Banking 90

Banking Education Leverage Planning 90

PYMNTS

JULY 22, 2020

With the buy now, pay later (BNPL) movement on the rise, Affirm will be working with Shopify so its U.S. merchants can offer a BNPL payment option to their customers, the two companies said in a release. Affirm’s program essentially provides buyers of a wide range of products with a short-term loan that can be repaid through regular installments. The companies said the Shopify BNPL product, which is entering a testing phase, will be called Shop Pay Installments.

eCommerce 89

eCommerce Sales Retail Marketing 89

PYMNTS

JULY 19, 2020

Equity crowdfunding program Equifund CFP is launching a Regulation Crowfunding offering to help cannabis tech company Drop Delivery raise money for its all-in-one delivery system for cannabis products, according to a press release. Drop Delivery is touted as the first all-in-one system for cannabis retailers to use for developing a business in a safe and compliant manner.

B2B 87

B2B Banking Sales Retail 87

PYMNTS

JULY 24, 2020

Hundreds of thousands of Instacart customers are having their personal data sold on the dark web, including the last four digits of their credit cards, and the data could include people who used the popular delivery app as recently as this week, according to a BuzzFeed News report. There were sellers offering data from what could have been 278,531 accounts, although some may have been duplicates or fake, the report noted.

Communication 86

Communication Accounting Securities Sales 86

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

JULY 23, 2020

The pandemic has exposed extreme vulnerabilities in today’s economy where six in 10 Americans live paycheck to paycheck. In an interview with PYMNTS, Warren Perlman , chief information officer at global human capital management company Ceridian , said allowing individuals access to their wages in real time — as those wages are earned — could brighten the economic landscape and boost financial wellness considerably.

Education 85

Education Economics Accounting Marketing 85

PYMNTS

JULY 18, 2020

Though the coronavirus pandemic has highlighted the impact of late B2B payments in the U.S. — both due to U.S. corporates paying their suppliers late, as well as U.S. vendors struggling with delayed payments — the matter is, and always has been, a global one. This week’s late payments roundup finds new efforts from corporates and their financial service providers to address the issue, while separately, research warns that late B2B payments are adding extra pressure to small companies’

B2B 85

B2B Accounts Payable Invoicing Finance 85

PYMNTS

JULY 22, 2020

Another livestreaming company is ready to launch in the U.S. Popshop Live is a mobile-based selling platform that will compete with Glamhive to be the pioneers in this relatively new format, which continues to see exponential growth in China. The company has a unique selling proposition that’s different than the Chinese model, which is based on appointment and event scheduling driven by celebrities and special guests.

Retail 85

Retail eCommerce Entertainment Advertising 85

PYMNTS

JULY 22, 2020

Mastercard Inc. has introduced a sustainable credit card to consumers in more than a dozen countries made from recyclable, bio-sourced, chlorine-free, degradable and ocean plastics. The New York-based, multinational financial services (FI) company said six billion cards are produced annually from PVC. They are replaced every three to four years and expired cards end up in the world’s landfills.

Nonprofit 84

Nonprofit Manufacturing Banking Numbers 84

Advertisement

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.

Reconciliations