PYMNTS
MARCH 16, 2018
American Express has reportedly filed a patent related to faster payments and blockchain technology, reports in CoinDesk said. The U.S. Patent and Trademark Office released the patent application filed by American Express Travel Related Services Company, the payment technology firm’s travel unit, which outlines the use of blockchain technology to accelerate payments between two parties.
PYMNTS
MARCH 14, 2018
If some is good, more is better. That seems to be the idea among banks both big and small when it comes to APIs , as several players from around the financial services industry recently increased their investment in APIs, rolling out new solutions aimed at making B2B payments more efficient. . But it isn’t all about efficiency. Several financial institutions are turning to APIs to provide their corporate clients with new products and services that deliver flexibility and put them in control. .
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PYMNTS
MARCH 16, 2018
What does it take for a fashion brand to stay on top of the trends? A lot of market data. But not all brands excel at crawling the web for information relevant to their businesses. “A lot of brands are having a hard time keeping up with the pace of consumer changes,” StyleSage ’s Director of Marketing and Digital Strategy Elizabeth Shobert told PYMNTS in an interview.
PYMNTS
MARCH 16, 2018
This time last year, if a customer asked Cascade about cryptocurrency loading, the startup had to tell them, “We don’t do that.” Its partner banks weren’t supporting the feature, so neither could Cascade. But as more and more people started asking about it, Founder and CEO Spencer Schmerling began to recognize the big opportunity in front of him. That’s why Schmerling said the startup is now launching a crypto loading capability, among other new services and API enhancements.
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.
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PYMNTS
MARCH 16, 2018
Ever since 2013, when Amazon CEO Jeff Bezos said the eCommerce giant was working on a 30-minute drone delivery program called Prime Air, people have been saying that delivery is the big retail use case for drone technology. Domino’s furthered the point by delivering a pizza by drone in 2016. Regulatory red tape has so far kept either delivery program from becoming a reality, but the technology was there and the value proposition was clear, as retail and logistics companies worldwide struggle to
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
PYMNTS
MARCH 14, 2018
Moving money across country lines is rarely easy or cheap, and that’s especially true in countries with large un- and under-banked populations, like Mexico. In a country where 60 percent of people choose not to bank due to a cultural mistrust of financial institutions, how can a payments app gain trust and bring value to those citizens by sending money cross-border for $0.99?
PYMNTS
MARCH 14, 2018
Online ordering: the asset that’s a burden, the blessing that’s a curse, the “Can’t live with it, can’t live without it” of restaurant life. There’s a lot to be said both in favor of and against putting one’s menu online, and particularly on third-party aggregation platforms like Grubhub and Uber Eats. Except, not really — not according to Alex Canter, founder of Ordermark.
PYMNTS
MARCH 16, 2018
Ride-hailing company Lyft is reportedly testing the availability of monthly subscription plans for customers who use the service a lot. Citing comments Lyft Chief Executive Logan Green made at a press event this week, The Verge reported Lyft could take a page from Netflix and Spotify by bringing a subscription-based model to the transportation market.
PYMNTS
MARCH 14, 2018
While consumers are still using multiple platforms — such as desktop and mobile — “mobile-only” users are on the rise. In fact, “mobile-only” users surpassed 30 percent of users in almost half of the markets studied by comScore in 2017 for its “ Global Digital Future in Focus ” report. “Global digital landscapes continue to evolve in often surprising ways,” Will Hodgman, EVP of International Sales at comScore, said in a press release.
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PYMNTS
MARCH 13, 2018
Ripple , the blockchain payments company, is gearing up to invest in startups and technology firms that create more uses for its cryptocurrency XRP. In an interview with TechCrunch on the sidelines of Money2020, the payments conference currently being held in Singapore, Brad Garlinghouse, CEO of Ripple, said the company is focused on enabling banks to use its blockchain software offering, while also looking to invest in startups that could provide alternative uses for XRP.
PYMNTS
MARCH 13, 2018
Those hungry for takeout in many cities can choose from a variety of restaurant delivery services. But that’s not the case for some cities, such as Youngstown, Ohio. The on-demand economy hasn’t yet taken off in Youngstown, according to Grubdom Founder Jay White, who hopes to change that with a website and forthcoming mobile app that will allow local diners to order grub from local restaurants.
PYMNTS
MARCH 16, 2018
The financial services industry’s sudden support for application programming interfaces (APIs) has people talking about the power of data sharing. Certainly regulations like PSD2 and the U.K.’s Open Banking initiative encourage API development and adoption, with industry players acknowledging the technology’s ability to efficiently comply with data sharing rules.
PYMNTS
MARCH 16, 2018
Australia’s Institute of Public Accountants (IPA) is urging its members to “future-proof” their businesses as the industry heads toward disruption. Reports in Money Management on Thursday (March 15) said the IPA’s Vice President, Sam Zervides, issued a statement encouraging accountants to collaborate and explore value-added services, particularly for small businesses (SMBs).
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
PYMNTS
MARCH 14, 2018
In an effort to attract millennials, Zara plans to integrate augmented reality into its stores this April. The retailer will bring the technology to 120 of its locations around the world, Reuters reported. With the technology, Zara will be able to show models wearing the latest fashions to customers when they put their mobile devices near a sensor within its brick-and-mortar stores or near certain shop windows.
PYMNTS
MARCH 14, 2018
Amazon, the leading eCommerce player, has made a push into the financial market in Mexico, rolling out a debit card this week for the first time ever. With Mexicans reluctant to shop online, Amazon is hoping to encourage more of it by providing a new way to purchase things. According to a report in Reuters, the debit card — called Amazon Rechargeable — is aimed at providing a new way to shop over the Internet.
PYMNTS
MARCH 16, 2018
While almost 64 percent of Americans trust Amazon , only about 31 percent are willing to use Amazon’s in-home delivery service, InsuranceQuotes.com reported. The willingness of Americans to use the service, which is known as Amazon Key, differs by factors such as gender. While 40 percent of men are willing to use the service, only about 24 percent of women are willing use it.
PYMNTS
MARCH 14, 2018
“The important thing to remember here is this is a brand-new, very complicated space,” warned John Oliver on last weekend’s episode of “Last Week Tonight.” “Literally nobody knows how it’s going to develop, so you need to be careful.” Oliver was discussing cryptocurrencies and blockchain on his show, highlighting the massive potential the world of FinTech has touted for the last year or so.
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.
PYMNTS
MARCH 15, 2018
New rules loom in the European Union for tech giants like Apple , Amazon and Google, Reuters reported. The European Commission is at work on a new proposal that aims to shape how online platforms — spanning eCommerce and mobile apps — rank search results. The draft regulation, as quoted by Reuters, targets what might be seen as harmful trading practices and states that “online intermediation services can hold superior bargaining power over their business users, enabling them to behave unilateral
PYMNTS
MARCH 13, 2018
Today in PYMNTS data, Karen Webster discusses Amazon’s impact on consumers and grocery shopping as a whole. “The gulf between what consumers want and what grocery stores today deliver as consumers move regularly between the online and offline worlds is pretty big,” Webster noted. “On a scale of zero to 100, where zero is, well, zero, and 100 is a perfect score, grocery stores scored a pretty lousy 30, based on consumer responses and a statistical analysis of store features and functionality.”.
PYMNTS
MARCH 16, 2018
Alibaba is enhancing its relationship with invoice financing company Qupital , reports in AsiaOne on Thursday (March 15) said. Their partnership means Alibaba small business sellers that are members of the platform’s Gold Supplier program will be linked to invoice financing via Qupital. The initiative follows Alibaba’s earlier investment in the alternative lender last May, marking Alibaba Entrepreneurs Fund’s first investment in a Hong Kong company.
PYMNTS
MARCH 16, 2018
When the parking meter made its grand debut in 1935, it allowed municipalities to collect money in exchange for vehicles to be parked for a set amount of time. Simultaneously, it created the inconveniences of forcing motorists to locate change wedged in between seats to feed the meter, while also keeping track of time to avoid a parking ticket. Thankfully, today’s parking kiosks have moved beyond coin-operated solutions to accept dollar bills, credit and debit cards, mobile wallet and mobile app
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.
PYMNTS
MARCH 15, 2018
L.L. Bean had been testing a data collection project that was attempting to determine the viability of the blockchain ledger for attaching sensors to coats and boots. The tests were scheduled to begin earlier this year and involved asking consumers to wear garments that would send information back to the Ethereum blockchain platform, which would have given L.L.
PYMNTS
MARCH 16, 2018
Even at its smoothest, supply chain management is never the easiest of endeavors. Transparency is key, but often is lacking – in part because of far-flung parties, which include both sides of a transaction (buyer and seller, of course) that may be operating across time zones, languages and currencies. Frequently, there are intermediaries involved with financing.
PYMNTS
MARCH 16, 2018
While often painted as hesitant to jump on board with the next big technological advance, banks of all sizes are more than ready to get going with voice-activated AI, says FIS Mobile SVP and group executive Doug Brown. “The demand we are seeing is overwhelming from our banking partners,” Brown told Karen Webster in a recent conversation. “Banks from the biggest player on Wall Street right on down to community banks are absolutely ready for this change and want to get in on the ground floor.
PYMNTS
MARCH 14, 2018
Kiosks aren’t just for selling tickets or providing customers with another way to order a meal. They can personalize the guest experience too. “Our take on it is that we’re all different,” Bite CPO Steven Truong has said. “Our recognition and learning algorithm allows us to give each guest a different experience — and cater to their personal needs.”.
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