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“It’s better to be a dog in a peaceful time, than to be a human in a chaotic period,” is the literal translation of what has been proffered over the years as English translation of the Chinese saying “May you live in interesting times.”. That, of course depends on who you ask. I recently asked Paul Galant, CEO of Verifone. From his days as CEO of Enterprise Payments at Citi to now CEO of the world’s largest electronic POS technology provider, Galant has seen and lived thru a number of interestin
Western Union, the global payment services company, announced Wednesday (Dec. 7) it is enhancing its relationship with Viber, the mobile messaging app that counts 745 million unique users around the globe. In a press release , Western Union said it is enhancing its existing relationship with Viber by enabling Viber users in the U.K. to send money domestically and internationally to more than 200 countries and territories via the Viber app.
National treasure Kim Kardashian has taught us all a series of invaluable lessons over the years: how to break the internet, that there is no such thing as too much eyeliner and that, if you are on the phone with Taylor Swift, the smart money is on hitting the record button. But of all the lessons we have learned from Kim — and later, Kimye — the most crucial, deepest and most fundamental is that, if one can get themselves behind the velvet rope, one should do so because life in the VIP suite is
Investment bankers in Hong Kong were tricked out of millions of dollars by a cash-advance business called Global Merchant Funding (GMF). According to Bloomberg , smooth-talking fraudster Avery Stone and his partners at GMF convinced bankers from prominent international banks to invest in the business to the tune of $32.5 million before disappearing. “This isn’t a deal that went bad; these guys systematically preyed off their friends,” Thomas Gallagher, a GMF investor, told Bloomberg.
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.
While hacks have been nearly endemic over the last several years, they have, at this point, mostly faded to the level of background noise for the average consumer. Sure, the aftermath of having a card compromised is often annoying and involves changing cards stored in digital wallets and with subscription sites, but consumers know that their bank has their back.
It’s not yet the holidays, but it’s almost Diwali, the Hindu festival of lights, a fitting theme for today’s bitcoin news. Diwali lasts for five days beginning Oct. 20, and bright lights, colorful decorations and fireworks mark the occasion. The Indian people celebrate by lighting diyas and candles around the home, seeking divine blessings from the goddess of wealth and exchanging gifts, such as gold coins.
It’s not yet the holidays, but it’s almost Diwali, the Hindu festival of lights, a fitting theme for today’s bitcoin news. Diwali lasts for five days beginning Oct. 20, and bright lights, colorful decorations and fireworks mark the occasion. The Indian people celebrate by lighting diyas and candles around the home, seeking divine blessings from the goddess of wealth and exchanging gifts, such as gold coins.
Bitcoin wallet iPayYou continues to work toward a future with bitcoin as the default currency. It was just announced that iPayYou has made a way for consumers to pay for items on Amazon with bitcoin, called Amazon Direct. Now iPayYou users can transfer any amount of bitcoin from their bitcoin wallet to Amazon. Customers can use the Amazon Direct tab to the iPayYou platform to determine an amount of bitcoin to transfer and the destination account.
Tokenization as a global standard for securing transactions in a digital world gets turbocharged today. In a mutual commitment to accelerating the adoption of an open digital wallet, global card networks Mastercard and Visa announce their agreement to allow each network to request tokenized credentials from the other when consumers are transacting across any digital medium — in app, online and in store.
It’s not easy being big. Or being big and regulated. Among other things, it makes running a footrace with FinTech startups — tough. Big and regulated banks — especially these days — are not set up to sprint. Decades of legacy infrastructure and a web of regulations make it tough to adopt a “move fast and break things” mantra — even if the regulators would allow it.
Toasting new employment? Odds are increasingly good that you may be clinking your glass over your latest gig. The number of Americans working gig jobs — or short-term, ad hoc positions — grew at a rate of 50 percent from 2005 to 2010, while the gig economy gained 9.4 million new workers, outpacing the U.S. economy as a whole. But there is still much not known about this rapidly expanding portion of the economy, as the Bureau of Labor Statistics stopped collecting data on gigs in 2005 and won’t b
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.
Is closing on Thanksgiving day becoming the new being open on Thanksgiving day? This week, Mall of America, the nation’s largest shopping mall, announced it was bucking the recent trend of opening stores to shoppers on Thanksgiving. Instead, Mall of America said it would close on Thanksgiving so its 14,000 or so employees could have the day off to spend time with their family, although the Minneapolis Star Tribune reported that the more than 520 stores inside Mall of America will have the option
Blockchain has officially entered the grocery aisles. Walmart has announced that it is now testing new blockchain technology to track and trace produce in U.S. stores and pork in China. PYMNTS covered the testing and lead-up to the kickoff back in November. Now, the technology and use of it are even closer. It’s a pilot program, where sliced apples and cut broccoli will be used to test the blockchain database technology for four months starting in the first quarter of 2017.
One year into the shift to chip-enabled cards — for the U.S., that is — Mastercard said on Monday (Sept. 12) that data shows a “ positive impact ” through the technology across stakeholders, including issuing banks, consumers and merchants. In reference to fraud — the very activity that the cards are designed to thwart — Mastercard stated that fraud data shows a 54 percent decrease in counterfeit fraud costs at retailers who have either completed or are close to completing EMV transitions, as me
Visa announced today that it will acquire eCommerce payment authentication leader CardinalCommerce. The move is expected to enable Visa’s global clients and partners to accelerate, scale and secure digital commerce as payments expands to include billions upon billions of connected endpoints. Mark Nelsen, senior vice president of risk and authentication products at Visa, said that the “strategic acquisition combines Visa’s industry expertise and Cardinal’s critical role in payment authentication
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.
Botnet attacks are not only growing in popularity among hackers, but they are also delivering a new level of sophistication and danger to businesses and consumers worldwide. In this week’s Hacker Tracker , PYMNTS caught up with security experts at digital security products provider Avast Software to gain insight into the rise of Crimeware-as-a-Service and why the industry should be taking notice of the growing threat of malicious botnets, like Avalanche and Mirai.
It may be easy to see First Data’s SMB POS Clover sitting on a merchant’s countertop and assume it’s just another nice-looking terminal that accepts payments. But as John Beatty , CEO and cofounder of Clover for First Data , explained, that would be overlooking what Clover really is — an operating platform that helps an SMB run its business, eliminating the need for the SMB to have multiple devices on the countertop that support other business-critical applications. “We’re starting to see
The American Express that exists today would look pretty foreign to its first employees of 166 years ago — since, to state the obvious, a lot has changed over that period of time. Long before American Express was a credit card issuer and a closed loop payments network, it was in the business of moving mail (and other things) quickly from one coast to the other.
Payments take the football field, but consumers call the plays. That’s how Dan Charron , EVP and Head of Global Business Solutions for First Data , sees it and how he describes the latest rollout of its commerce technology solution at CenturyLink Field Event Center and CenturyLink Field, home of the Seattle Seahawks , aimed at taking the fan experience to the next level.
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.
Did you know that physical trainers and fitness instructors only get paid a very small fraction of the cost you pay the gym per hour? After they’ve pushed you to do a hundred burpees or gotten you to achieve that perfect yoga Crow Pose, they may end up with only $20. When your endorphins wear off, you’ll also notice that your wallet could be a $150 per hour lighter.
Ever seen a UFO? Could it have really been a bird, plane or you-know-who? That’s where 47-year-old nonprofit MUFON comes in to debunk or detail what you saw. “Sometimes, people say they saw a UFO, and immediately, people think they said, ‘I saw a flying saucer,’” said Rodger Roeser, spokesperson for MUFON, which literally investigates unidentified flying objects.
It’s a fact. While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. How big the income gap between those 70 million people and their parents depends on a few things, including how well-heeled their parents are. Not surprisingly, hardest hit are the kids born to middle and lower middle-income families — so, roughly 70 percent of the U.S. population.
Coyote, bobcat, armadillo and … human skulls. Perhaps counterintuitively, Skulls Unlimited , a company that sells skulls — yes, animal and human skulls — sees its biggest uptick in purchases closer to Christmas, rather than before Halloween. “This time of year, we start getting in more orders. Halloween, not as much, but most people looking for Halloween decorations quickly realize that we’re not offering skulls for that purpose,” said Josh Villemarette , co-owner and son of the fou
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.
If recent emerging reports are accurate, the team at Yahoo is about to bring new meaning to the phrase “having a tough morning.” Yahoo is apparently on the verge of reporting a massive data breach of its service — a giant hack that has exposed the data behind hundreds of millions of user accounts. At this point, that is about all that is known on the hack: Several sources close to the situation were not able to say much more about it other than commenting on its scale and the fact th
Though for a few years there it really looked like it might simply become retail standard, it seems that starting the Thanksgiving weekend sales crush on Thanksgiving may fizzle out after all. According to reporting over the weekend, an increasing number of big retailers are actually taking the national day of thanksgiving off. So far, the known opt-outs include Home Depot, Nordstrom , Costco, BJ’s, Fred’s Pharmacy, GameStop, Harbor Freight, Lowe’s, Pier 1 Imports, Petco, PetSmart, Sam’s C
Small and medium-sized businesses eager to attract and retain loyal customers are even more eager to harness the power of machine learning and artificial intelligence. Software based on these technologies can make predictions on customers’ behavior, assess their potential as repeat purchasers and automate communications that will stimulate buying behavior, or even do it for them.
Fact. Digital commerce has been a reality for more than two decades. Fact. The launch of the iPhone in 2007 and the App Store in 2008 opened everyone’s eyes to the impact that mobile would have on payments and commerce. Fact. Twenty years and hundreds of millions of smartphones later, the digital payments experience is anything but consistent anywhere — online, in-store and in-app.
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.
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