Sat.Sep 08, 2018 - Fri.Sep 14, 2018

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China, Alibaba Are Big Players On The Blockchain Patent Block

PYMNTS

In tech, innovation is everything. In innovation, intellectual property is, well, almost everything — it can be the hardware, the software, the processes that come from creative endeavor. And patents? Well, consider them a form of competitive advantage. News came recently, when it comes to patents tied to the blockchain landscape, that Thomson Reuters found China, and Alibaba , to have had an outsized showing.

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How to Calculate Allocations Based on Headcount

Planful

Regardless of how you want to allocate expenses or revenue you can get a lot of value from using modeling. Why allocate using Planful Dynamic Planning? Many of our clients at UHY Advisors allocate expenses in order to build a product or project P&L. An additional benefit of using Dynamic Planning for allocations means you don’t have to touch the model if the number of products, projects, departments, accounts, etc. grows.

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Trending Sources

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Amadeus On Why Travel Payments Need An Upgrade

PYMNTS

Travel companies know that payments innovation is mission-critical when it comes to acquiring and retaining consumers all over the world. It’s a clear fact in the data — 81 percent of travel firms indicated that payments innovation is on the menu for the next three years, according to the PYMNTS/ Amadeus IT Group Travel Payments Study. Bart Tompkins, managing director of Amadeus Payments Business Unit , told Karen Webster in a recent interview that it’s also apparent in his conversations with ai

Sales 78
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Researcher Says British Airways Hack Due To Skimming Malware

PYMNTS

RiskIQ, the security firm, told outlets on Tuesday (Sept. 11) that the data breach at British Airways was due to credit card skimming installed by malware hackers. According to reports , Yonathan Klijnsma, a threat researcher at RiskIQ, told the outlet that the same group of hackers that breached Ticketmaster may be behind the attack at British Airways, in which more than 380,000 credit cards were compromised.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Bitcoin Daily: IBM Embraces Blockchain Registry; Crypto Crash Surpasses Dot-Com Bubble Burst

PYMNTS

This year’s “Great Crypto Crash” appears to be deepening and has hit a major milestone set by the dot-com bubble, Bloomberg reported. Digital currencies have tumbled from a January high by 80 percent, according to the MVIS CryptoCompare Digital Assets 10 Index. That level tops the “peak-to-trough decline” in the Nasdaq Composite Index following the dot-com bubble.

More Trending

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NY Challenges OCC’s FinTech Charter Decision

PYMNTS

To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the top banking regulator in New York is suing the federal government. In a complaint filed with a federal court, New York Department of Financial Services (DFS) Superintendent Maria Vullo said, “The OCC’s reckless folly should be stopped,” Reuters reported.

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NEW REPORT: In The Middle East And Africa, Digital Payments Face A $1.4T Cash Challenge

PYMNTS

Despite the influx of mobile banking and payment options, plastic card use, and a focus on financial infrastructure, cash remains heavily cemented in the Middle Eastern and African economies. Reliance on cash is particularly ingrained in the unbanked and rural populations of these regions, with consumers still reaching for cash to pay for daily transactions.

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Downtime Worse For SMBs Than Ransomware Ransom: Datto

PYMNTS

Ransomware attacks are often a small business owner’s worst nightmare. Unfortunately, experts don’t believe ransomware attacks will let up anytime soon, with recent research from Datto finding that these attacks cost small businesses $301 million worth of ransomware money in 2016. In a survey of 1,700 managed service providers working with a combined 100,000 small businesses, 99 percent of respondents said ransomware attacks are likely to pick up this year and next.

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US Investigations Examine Alleged Danske Bank Money Laundering

PYMNTS

In the latest salvo of cross-border probes over money laundering, The Wall Street Journal reported Friday (Sept. 14) that U.S. law enforcement agencies are examining Danske Bank over what has been termed “massive money laundering flows” from Russia and several former Soviet states. The agencies probing the fund flows include the Securities and Exchange Commission (SEC), the Treasury Department and the Justice Department.

Banking 66
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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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A Single Sign-On For Mobile Apps Coming Via US Wireless Carriers

PYMNTS

AT&T, Sprint, T-Mobile and Verizon have joined forces to create a new service that could eliminate the need for a login and password for all the apps on your phone. According to a report in Engadget citing the companies, the initiative is being called Project Verify, with the U.S. carriers creating a single sign-on service that would serve as the login credentials for all the apps on a mobile device.

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Cross-Border FinTech Collaborations Gain Traction

PYMNTS

In FinTech and FI collaborations , borders fall to bits and bytes. On FinTech collaboration writ large, Singapore and Dubai are working together to encourage strides in digital payments and commerce done by mobile means. The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) have signed onto efforts “that provide a framework for cooperation and referrals between the innovation teams of each authority.

Banking 64
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Five At Five: Walmart’s New Latin American eCommerce Play

PYMNTS

Welcome to Five at Five, your late look at the day’s payments and commerce news. Coverage includes a Walmart acquisition and the rise of local brands in China. A new analysis predicts a financial crisis in 2020, a single sign-on for mobile apps is coming and the prospect of tougher tech enforcement increase in the United States. Walmart Buying Cornershop t o Boost Presence i n Latin America.

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Rydoo Integrates T&E Tools Into Uber

PYMNTS

Rydoo, the mobile T&E app resulting from a collaboration between Sodexo, Xpenditure and iAlbatros, is integrating its expense management capabilities with Uber. A press release Monday (Sept. 10) said Rydoo is linking into Uber for Business to streamline corporate travelers’ reimbursement and expense reporting processes. “Rydoo is focused on meeting our customers’ expectations by offering global solutions,” said Rydoo CEO Sébastien Marchon in a statement.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Will Privacy Worries Change Online Search Habits?

PYMNTS

How do consumers really want to search online ? That’s a question with obvious relevance to payment and commerce operators. Perhaps a better, more specific question is this: Even with Google ’s search engine dominance (a dominance that seems as currently eternal as, say, the power of the British Navy in the late 19 th century), can any challenger make a significant push to gain ground?

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NEW DATA: Why Bank Customers Prefer Convenience Over Security

PYMNTS

Consumers prefer speed, convenience and ease of use over security — even when it comes to accessing financial services online. As many as 71 percent of financial consumers reported being satisfied with an authentication method if it was easy to use, while 62 percent like authentication methods that are convenient. In comparison, only 45 percent said they would prefer an authentication method due to its tight data security.

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Spend Analytics No Longer Enough For Procurement: Accrualify

PYMNTS

Spend analytics has broken through as an essential part of corporate procurement strategies. Businesses need to know how much money they’ve spent, and on what. Luckily, enterprise digitization is pushing the needle forward for procurement teams, enabling access to data that empowers the type of spend analysis organizations demand. Today, though, CFOs and procurement leaders want to go even deeper.

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What Innovators Can Learn From Uber Cash

PYMNTS

Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Biologists wanted to better understand how to keep the human body’s ecosystems from being devastated by disease, so humans could live longer, healthier lives. Ecologists wanted to better understand the relationship between living things and their environment to improve the health of Mother Earth.

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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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Facebook Privacy And Waning Consumer Trust In The ‘Wild West’ Of Intrusive Apps

PYMNTS

Who are you? And who do you want to be — especially before disparate audiences and peer groups? Don’t worry — this is not an intro to a freshman philosophy class (a fair number of philosophy majors make bank with hedge funds and tech , though, so let’s not tease). Rather, those are questions central to the development of digital identities and social authentication, making them important for the broader practice of online payments and eCommerce.

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Businesses Urged Not To Pay Ransom To Cyberattackers

PYMNTS

Small business owners are making a grave mistake if they assume their firms are not a prime target for cyberattackers. Not only are small and medium-sized businesses (SMBs) a prime target, but such an attack can be detrimental to a small company without the resources to combat a security threat. Nearly half of the small businesses surveyed by Hiscox last year said they had been targeted by at least one cyberattack, while 44 percent said they were hit by between two and four attacks.

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Baidu Eyes International Market For AI, Self-Driving Tech

PYMNTS

As one of the world’s biggest internet companies, Baidu is homing in on autonomous vehicles and artificial intelligence (AI). The tech company has a particularly strong presence in its home country of China, where it commands 70 percent of internet searches, CNBC reported. Spurred by its interest in transportation technology, Baidu has inked partnerships with companies like Intel, Microsoft, Ford, BMW and Daimler.

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Can Guitar Center Get Its Groove Back?

PYMNTS

Though much of retail has been buoyed by a rising tide of strengthened sales and renewed consumer confidence, some sellers out there continue to struggle to grab a foothold during changing times. Guitar Center, founded in 1959, is one such business. Sales have fallen off sharply in recent years, which, while a problem on its own, is compounded by the fact that brand finds itself sitting under $1 billion in outstanding debt.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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BofA Links Corporate Cards To Mobile Wallets

PYMNTS

Bank of America is adding mobile wallet functionality to its suite of commercial card products, the bank said Wednesday (Sept. 12). In a press release , Bank of America said its corporate cards are now compatible with mobile wallets including Apple Pay, Google Pay and Samsung Pay, citing business travelers’ mobile payment needs as a stop motivation behind the initiative.

Banking 56
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Payments Authentication Is A Varied And Confusing World

PYMNTS

In some ways, payments authentication can come across as improvisational — every institution seems to use a different method. Call centers , particularly those dealing with financial transactions, have a strong need to be sure that the person on the other end of the line is actually their customer. The fact that most firms know that, and set up measures to properly authenticate those customers, is a good thing, said Chief Commercial Officer Dewald Nolte of Entersekt in a recent conversation wi

Sales 56
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How Cashierless Checkout Can Power Brand Marketing Experiences

PYMNTS

Cashierless stores aren’t just for mega retailers like Amazon to sell prepared food from their kitchens or products from other producers: Beverage brands, among other companies, are getting into the action and choosing this checkout experience for stores that showcase their own products IRL (“in real life”) as a marketing tool. This week, beverage company Dirty Lemon plans to bring such a store to New York City this week – with a little help from mobile technology.

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Amazon Effect Eyes Grocery Aisles In Germany?

PYMNTS

And so the Amazon effect comes to Europe – this time with a purported Amazonian appetite for (grocery) aisles. News came Friday (Sept. 14) that German retailer Metro AG is looking to offload its Real hypermarkets via sale, and the firm, said Reuters , “remains confident” of a transaction. A possible deal for Amazon – one worth $1.2 billion? According to Reuters, bankers remained skeptical of that scenario, and said that private equity firms would be the most likely suitors.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.