Sat.Jul 20, 2019 - Fri.Jul 26, 2019

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Apple Credit Card With Goldman Sachs On Track For August Release

PYMNTS

Despite some hiccups along the way with Goldman Sachs, the Apple credit card is on track for an August release, according to a report by Bloomberg. The collaboration between the two companies was sometimes tense and the stakes were high if it wasn’t successful. The Apple Card could be launched as early as the second half of August, which would meet its originally scheduled date for release when the card was announced in March.

Banking 80
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How Technology Will Change FP&A Forever

Jedox Finance

You do not have to be a data scientist to recognize the impact of technology on FP&A is and will continue to be significant. If you are still skeptical, have a look at a few blogs written by Lance Rubin where he disrupted his own role. One of the biggest challenges of automation (Robotic Process Automation) and artificial intelligence/machine learning technologies is our current mindset.

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Trending Sources

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Negative Interest Rates: Carry an Umbrella at All Times

CFA Institute

Negative interest rates are back! Should portfolio managers change their game plans because of them?

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US Reps, Senators Present Faster Payments Legislation

PYMNTS

To reinforce the Federal Reserve’s authority to create a real-time payments system and mandate that the Fed brings about its own process, two U.S. representatives and two U.S. senators have introduced the Payment Modernization Act of 2019. The legislation was brought forward by Congresswoman Ayanna Pressley (D-MA), Senators Chris Van Hollen (D-MD) and Elizabeth Warren (D-MA), and Congressman Jesús “Chuy” García (D-IL), according to an announcement.

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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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Japanese FinTech Rakuten Applying For US Banking Charter 

PYMNTS

A Japanese FinTech company is applying for a banking charter in the United States, according to a report by American Banker. The eCommerce firm Rakuten currently runs a shopper rewards program in the States, and said would file the necessary paperwork on Friday (July 26) with Federal Deposit Insurance Corp. (FDIC) and the state of Utah for an industrial loan company (ILC) charter.

Banking 77

More Trending

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WhatsApp Moves Payments From Pilot To Rollout In India

PYMNTS

Following a year-long pilot, WhatsApp is now officially introducing a payments utility in India. The Facebook-owned messaging app is responding to the increased demand for digital payments in its largest market, Reuters reported on Friday (July 26). “It’s a regulatory approval question in India at this point,” Facebook Chief Executive Mark Zuckerberg said on Thursday (July 25) during the company’s earnings conference. .

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Why Payments Diversity Matters As Firms Go Global

PYMNTS

On a global stage, one size does not fit all when it comes to payments. In an interview with PYMNTS, Deirdre Ives, CEO and managing director at Wirecard North America, noted that when it comes to innovation, issuers face challenges in meeting the needs and expectations of a diverse populace of users spanning borders and cultures. For example, she said, some users may wish for payments to be done digitally, with speed and ease.

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New Mobile Healthcare Efforts Point To Wider Payment Trends

PYMNTS

Slowly but steadily, healthcare is becoming more mobile about payments, and that trend – a very long time in coming – appears to have picked up steam in recent months. And, taken one step further, recent activity along those lines is helping to prepare the healthcare industry as a whole – not only for payments, but also for the arrival of 5G mobile network technology.

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Visa CEO: FY 3Q, Acquisitions Continue Drive To Be ‘Network Of Networks’

PYMNTS

Visa posted fiscal third quarter results that showed a rebound in cross border transactions, and continued gains in payments volumes overall. Management also said on the post earnings conference call Tuesday (July 23) that recent acquisitions to spur cross border transactions are slated on track to close or contribute to results by the end of year and tap to pay activity continues to see widespread adoption.

B2B 74
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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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Olympics Payment Partner Visa Embraces ‘Cashless Japan’

PYMNTS

Visa is exploring state-of-the-art payment experiences at the 2020 Olympics in Tokyo to support “Cashless Japan.” . The mandate handed down by Japan’s lawmakers strives to increase the total of digital payments from 20 percent to 40 percent by 2025, Visa said in a press release on Thursday (July 24). . “There is virtually no other market in the world today that compares to Japan — it is the world’s third-largest economy and a leader across many industries, yet commerce remains predominantly cas

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Visa Among Investors In PayMate’s Series D Growth Funding

PYMNTS

India’s PayMate announced it has raised a new round of growth capital to accelerate expansion within India and internationally to Central and Eastern Europe, the Middle East and Africa (CEMEA). . Investors in this Series D round include Visa, Recruit Strategic Partners, Brand Capital, and others, the Economic Times reports. . Visa’s tactical investment enhances its successful partnership with PayMate in India and the recent expansion of their relationship in the CEMEA region.

B2B 73
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 PayPal’s Venmo Logs 70 Percent Volume Growth in 2Q

PYMNTS

According to PayPal , call it a hiccup, a delay, not a loss — and not lost sales. Wall Street was down on PayPal’s growth forecasts when the payments giant reported earnings Wednesday (July 24) afternoon after the bell, sending shares skidding roughly 7 percent. On Wall Street, as in life, there’s the benefit of the doubt. This time around it seems a bit of a flip — call it the doubt of the benefit — in this case the benefit of business that is coming, sometime, down the line in the next few qu

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 Payments Fraud, Via Apps?

PYMNTS

Apps with a possible security flaw, a malware phishing scheme and possibly, payments fraud, all done in the blink of an eye? Security firm Symantec said this past week that it found a security flaw in Android apps for WhatsApp and Telegram, which can allow hackers to manipulate data that flows between users. Reports say that the hacks, which are known as Media File Jacking, allow media that spans photos to documents to be compromised in “real time” and that means intercepting data between when i

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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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Can Elon Musk Turn The Human Brain Into A Connected Device?

PYMNTS

It can never be said that Elon Musk has a problem thinking big. That can be seen from his early days as one of PayPal’s primary architects to the present day, when he divides his attention between a mission to space, solar energy and electric cars. Nor can it ever be claimed that Musk is not sufficiently colorful as innovators go. He’s not the only billionaire trying to master private space travel – but he is the only one who has publicly stated his goal to die on Mars (though preferably not on

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Mastercard, SumUp Partner To Expand ePayments Across Europe

PYMNTS

A new partnership between Mastercard and SumUp aims to boost electronic payment acceptance locations across 27 European countries. . Over the next five years, Mastercard and SumUp will bring card acceptance to several million micro, small and medium-sized companies (MSMEs) across Europe, Mastercard announced in a press release on Thursday (July 25).

B2B 71
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How BBVA Is Using AI To Fight Against AI-Armed Fraudsters

PYMNTS

Banks need to innovate faster and further when it comes to the technology they use on their online platforms, as to stay one step ahead of bad actors with access to the same technology. Not only are fraudsters getting more complex with their schemes and harder to predict, but customers are becoming harder to impress. Banks need to make sure they’re using tech in ways that keep the fraudsters out, but don’t send customers looking for another service.

Banking 70
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(Literal) Land Grab for Hot New Real Estate Startups Shows FOMO

PYMNTS

Call it groupthink, on a grand scale, to the tune of billions of dollars. Call it FOMO. But then again, YOLO. So why not stake a claim? News came this week that a cramped space is getting a bit more crowded. We’re talking about the real estate sector, where certainly there seems there is an opportunity to change the status quo. In Texas, there is Homeward Realty , with $4 million in equity raised and $21 million in debt borrowed, per its latest announcement.

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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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Phishing Remains A Persistent Problem

PYMNTS

Because of the huge number of emails sent daily – by some estimates, 3.7 billion people send around 269 billion emails every single day – this type of online communication is vulnerable to phishing attacks. Recent research indicates 30 percent of targeted attempts are made via phishing emails, and that 15 percent of victims are repeat targets. Phishing is nothing new, despite emerging iterations with new names like spear-phishing (which targets members of a specific organization to gain access t

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Even For Smart Sprinklers, Security Matters

PYMNTS

The Internet of Things (IoT) continues to grow in popularity: A recent International Data Corporation (IDC) study projects there will be 41.6 billion IoT devices by 2025, up from 7 billion in 2018. This growth is the result of several factors, including low silicon costs and advances in miniaturization. Despite IoT’s popularity, however, security a nd privacy issues continue to make headlines.

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Building A Ridesharing App For Pets (And Their Owners)

PYMNTS

SpotOn Founder Aparna Srinivasan was inspired to start her company because of her dogs. When she was traveling with them, it was tough for her to find a ride, especially to the airport. To see if other pet owners shared her same pain point, Srinivasan sat outside the United and American terminal outside of LAX airport. She asked those who came in with an animal how they got there, and whether they would use a more convenient method if it was available.

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Real-Time Payments Are Reaching A Tipping Point

PYMNTS

While commercial real-time payments became available in the U.S. back in 2017, they haven’t yet hit ubiquity. By the end of 2018, the RTP network reached a little more than half of U.S. accounts. But this has been the domain of larger financial institutions, especially when community banks and credit unions are included. This is shifting, though. Last month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payment technologies to community banks.

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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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PSCU Credit Unions See Boost In Sales During Prime Day

PYMNTS

Amazon wasn’t the only company to see a boost in sales during this year’s Prime Day. A new report from payments credit union service organization PSCU revealed that its owner credit unions saw banner results from the promotional programs offered through PSCU’s Advisors Plus during the two-day shopping event. Founded in 2004, PSCU’s Advisors Plus offers consulting services for credit unions to help growth and achieve financial and business goals.

Sales 66
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For Gig Workers, Advances In Pay Advances

PYMNTS

Getting paid in advance for work to be completed later is gaining traction in the gig economy. As found in the Pay Advances Report , the trend may be a new normal for ad-hoc workers. Getting paid early or even upfront has its advantages in terms of managing cash flow, paying bills or even saving for emergencies. Data: $178 billion: Potential value of “pay advance” wages, if access were easier. 56.8 percent: Share of skilled workers who receive pay advances. 36.6 percent: Share of uns

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Inside TickPick’s Instant Payments Play

PYMNTS

Instant payments are becoming crucial to consumers participating in the platform economy. These consumers want to be sure that they can both send and receive money seconds after they’ve completed a transaction. To meet this need, platforms are searching for new ways to bring instant payments onto their marketplaces. This is especially essential as consumers start to flock to marketplaces for things outside of typical retail purchases, but for more unique experiences.

Retail 66
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Why N26 Is Keeping Fraud Top Of Mind In The US Market

PYMNTS

Customers have varying banking needs, but the global fraud phenomenon tends to have equal impacts. Banking customers are affected by attacks ranging from phishing schemes to identity scams, and it is still up to FIs to provide accurate and real-time protection regardless of where their customers are located. Banks need to keep this requirement top of mind as they compete against other FIs in newer markets, however.

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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.