INDUSTRY INSIGHTS YOUR PEERS ARE READING
OpenTable, an online restaurant reservation company, has partnered with Caviar, Grubhub and Uber Eats to provide delivery from restaurants all over the country, according to reports. The company has also revamped its mobile interface. MORE
As companies use technology to manage their accounts receivables and payables, they need to take a hard look at several factors regarding the solutions they choose to employ MORE
Thompson , who has been accused of hacking into Capital One ’s cloud and compromising the data of 100 million people, may have also hacked into upwards of 30 other companies, according to a Bloomberg report. has revealed how many other companies were targeted. Paige A. MORE
According to a new lawsuit, though, one company allegedly found a way around that. According to the lawsuit, Eaze allegedly got around that problem by processing payments thru a series of off-shore shell companies. MORE
The company produces hardware to record if customers are satisfied by allowing them to tap a face and software to analyze the data, according to reports. Reports noted that when the company last notched funding of $14.5 million in 2017, the company had 3,000 customers. MORE
Truthout is reporting that the Trump 2020 campaign paid shell companies related to ad buyers who are part of a purported unlawful coordination plan with the National Rifle Association (NRA). The companies all use the same storefront and hire a lot of the same ad buyers. MORE
A superior court in Brazil has decided Uber drivers are independent from the company, according to a report by Bloomberg. The decision reinforces more than 250 lower-court decisions in Brazil saying there’s no labor tie between Uber and its drivers,” the company noted. MORE
Doing it, moving on: Blockchain-for-data company Factom Inc. Some words that should no longer surprise you, because this technology is only growing stronger: in blockchain news, there’s a new player on the block… chain. has just raised $4.2M MORE
China could be gearing up to take on New York and Hong Kong when it comes to listing technology companies on the stock exchange, publishing draft rules for a startup board that is similar to Nasdaq. curbs on Chinese tech companies and developments. MORE
Comcast announced Monday (March 4) that it has acquired BluVector, a company that uses advanced artificial intelligence and machine learning to provide cybersecurity protection to companies and government agencies. MORE
I often talk about the world changing thanks to young people who can code. MORE
Commercial bill pay company Plastiq has announced that starting on Wednesday (Aug. Visa commercial cardholders will be able to use the Plastiq to pay vendors, even if they don’t accept credit cards, the company said in a release. . MORE
Part of the request also involves a mandate that these companies put in age-verification systems, alleging that even when ages lower than the legal limit were entered, people could still purchase the vaping products. MORE
1) that a probe by international auditors is underway, examining a fraud that could be $200 million in scope at Aegean Marine Petroleum Network , tied to shell companies that ostensibly did business with the shipping fuel firm. MORE
This is the second Hiscox Cyber Readiness Report, conducted by Forrester Consulting, and puts the spotlight not only on the financial consequences of individual cyber breaches but also on the enormous cost in … The post Most companies are unprepared for a cyberattack appeared first on Chris Skinner's blog. I was looking around at what’s new online, and just discovered the Hiscox 2018 Cyber Readiness Report. MORE
The Travelers Companies, Inc. Auto, property and general liability claims can use Travelers’ link to PayPal for fast and easy reimbursement, the company said in a press release on Wednesday (July 31). The company expects to give PayPal access to workers’ compensation claimants in 2020. MORE
China is reportedly looking at new regulations that would impact Alibaba and Ant Financial in an effort to boost oversight of financial holding companies. The aim is to have plans made for a supervision plan for financial holding companies by the first half of next year. MORE
Companies in the business-to-consumer (B2C) space have historically relied on lockbox processing through a bank – or a series of banks, depending on their size. But in other cases, the companies may want an individual consumer to make those transactions. MORE
I know that systems like Erica, short for Bank of AmErica, are up and running … The post Some banks are technology companies appeared first on Chris Skinner's blog. I was having a chat about Artificial Intelligence (AI) in banking the other day. It was an interesting conversation, although most of the examples were for customer service via Chatbots, which doesn’t impress me much. MORE
Consolidating multiple bank accounts into a “handful,” or into a single account for each currency a company uses, reduces friction associated with managing cash across hundreds of accounts, and reduces the need for treasurers to complete complex cash sweeps and pools, HSBC noted. MORE
There’s a new king of the mountain in the seemingly endless tussle between the world’s four largest companies – Amazon, Microsoft, Alphabet and Apple. 7), Amazon passed Microsoft as the largest company by market value, according to reports. MORE
I’ve been illustrating my frustration with incumbent banks for some time, saying that they lack technology leadership. Almost a third of my new book talks about the biggest challenge for banks to respond to Fintech, Big Data, Cloud, Blockchain and all those other issues is to have leadership. MORE
Spying a fake company is difficult, even for India’s Ministry of Consumer Affairs, which just disclosed efforts around identifying about 200 fake commerce companies. The names of each company have not been released to the public, but the Ministry has escalated the matter up to the Department of Industrial Promotion and Policy (DIPP) for further action. She added that for the next few days, all consumer complaints related to commence companies will be answered via Twitter. MORE
The move is a response to the sudden collapse of MyPayrollHR , a New York company that suddenly closed and left some of its 1,000 corporate customers and their employees without pay. One of the largest payroll companies, ADP Payroll Services , is currently licensed in New York with DFS. MORE
The reason the latter countries are leapfrogging Europe and America is that they didn’t have a large, ingrained existing infrastructure for payments and financial transactions in place until … The post Are legacy companies holding back the future? MORE
Restaurant chain Noodles & Company is probing a credit card breach that is said to have hit several of its 500 stores. Our investigation is ongoing, and we will continue to share information,” Noodles & Company said in a statement. The fraud attack occurred as the Broomfield, CO-based company was in the process of testing and implementing EMV technology — a situation which many businesses around the U.S. Security & Fraud Noodles & Company What's Hot MORE
Gavin Newsom, the governor of California, wants consumers to benefit from the billions of dollars technology companies in the state made by forcing the tech companies to share their profits. According to a report in Fortune citing comments Newsom made during a State of the State speech Tuesday (February 12), Newsom talked up the idea of a so-called digital dividend that would enable the consumers in the state to access some of the profits these tech companies make off of them. MORE
As part of that awareness, companies across all industries are realizing the strategic value of accounts payable (AP) automation and developing an understanding of emerging technology like artificial intelligence (AI) that plays a critical role in AP automation solutions. MORE
Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. After a European Union plan for tax reform fell apart, France, along with Britain, Italy and Spain, are moving forward with plans to tax companies like Google and Apple. MORE
Shipping and technology behemoth Pitney Bowes is the latest in a string of high-profile companies to be hit in a cyberattack. TechCrunch reported that the company was hit with a ransomware attack. The FBI recently warned that “high impact” attacks would be hitting large companies. MORE
DeepMind , an artificial intelligence company based in London that Google bought for £400 million ($486 million) in 2014, is deeply in debt and owes its parent company, Alphabet , upwards of £1.04 The company’s losses also grew from £302.2 Both companies are owned by Alphabet. MORE
However, there is a massive difference between … The post We’re just a technology company that happens to have a banking licence appeared first on Chris Skinner's blog. I hear this a lot, and don’t like it. Many banks say it these days, and they say it to be cool. MORE
Ben Robinson, chief strategy officer of Temenos, has left the company. Robinson was a key member of Temenos’s innovation operation, taking a leadership role, among other responsibilities, in managing Temenos’s engagement with the fintech startup ecosystem. MORE
In an email through a spokesperson per WSJ , [24]7 Senior Vice President and Acting General Counsel William Bose said, “This has been an ongoing issue between the companies and nothing new has arisen, except that Delta has chosen to litigate this matter.”. Delta Airlines Inc. MORE
Consumer lending Ranking the banks Banks, thrifts and holding companiesOn Jun. 30, 2019. Dollars in thousands. MORE
That brings the tally of enterprises offering financial services to cannabis companies to 375 banks and 111 credit unions. Cash is expensive for these smaller companies to handle, said Hart, “very expensive, and operationally very limiting.”. MORE
While a significant number of trucking companies have gone out of business, there are trucking shortages and rising wages. USA Today noted that in the midst of a shortage, extant companies would likely want to service larger companies first, which would have a trickle-down effect. MORE
It's a common refrain from bank CEOs -- "My bank is a technology company." But the reality is much rarer. JPMorgan Chase is showing it takes fintech seriously by building (or buying) a Silicon Valley campus, which will house 1,000 employees, including 250 from recently acquired WePay. MORE
Crowdstrike , a cybersecurity company, recently released a report that an unidentified company in the aviation industry was significantly hacked through last year and this year, according to a report by CNBC. MORE
Commercial lending Small business lending Ranking the banks Banks, thrifts and holding companiesOn Jun. 30, 2019. Dollars in thousands. MORE
Passed in 2018, the law dictates that consumers in California have the prerogative to access any and all personal data that a company has on them and request that it be deleted and not sold. Now companies are scrambling to meet the requirements by the time the law takes effect. MORE
Over 30 companies are supporting the effort, with the inclusion of global brands such as Amazon, Salesforce, Sonos, Spotify, Bose and Baidu, among others, according to a Sept. It’s exciting to see these companies come together in pursuit of that vision.”. MORE
A cannabis consumer goods and marketing holding company led by PRØHBTD CEO and Founder Drake Sutton-Shearer has launched with $25 million in funding, according to a Sept. The company’s flagship PRØHBTD recently launched an immersive website that integrates content and eCommerce. “I’m MORE
Company Related Topics Chris Skinner
JUNE 16, 2019
The reason the latter countries are leapfrogging Europe and America is that they didn’t have a large, ingrained existing infrastructure for payments and financial transactions in place until … The post Are legacy companies holding back the future?
PYMNTS
JULY 31, 2019
The Travelers Companies, Inc. Auto, property and general liability claims can use Travelers’ link to PayPal for fast and easy reimbursement, the company said in a press release on Wednesday (July 31). The company expects to give PayPal access to workers’ compensation claimants in 2020.
PYMNTS
AUGUST 14, 2019
Thompson , who has been accused of hacking into Capital One ’s cloud and compromising the data of 100 million people, may have also hacked into upwards of 30 other companies, according to a Bloomberg report. has revealed how many other companies were targeted. Paige A.
Chris Skinner
JULY 9, 2019
I often talk about the world changing thanks to young people who can code.
Chris Skinner
SEPTEMBER 11, 2019
However, there is a massive difference between … The post We’re just a technology company that happens to have a banking licence appeared first on Chris Skinner's blog. I hear this a lot, and don’t like it. Many banks say it these days, and they say it to be cool.
PYMNTS
MARCH 12, 2019
Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. After a European Union plan for tax reform fell apart, France, along with Britain, Italy and Spain, are moving forward with plans to tax companies like Google and Apple.
Chris Skinner
APRIL 6, 2018
I know that systems like Erica, short for Bank of AmErica, are up and running … The post Some banks are technology companies appeared first on Chris Skinner's blog. I was having a chat about Artificial Intelligence (AI) in banking the other day. It was an interesting conversation, although most of the examples were for customer service via Chatbots, which doesn’t impress me much.
Mobile Payments Today
JUNE 13, 2019
As companies use technology to manage their accounts receivables and payables, they need to take a hard look at several factors regarding the solutions they choose to employ
PYMNTS
JULY 24, 2019
OpenTable, an online restaurant reservation company, has partnered with Caviar, Grubhub and Uber Eats to provide delivery from restaurants all over the country, according to reports. The company has also revamped its mobile interface.
PYMNTS
OCTOBER 1, 2019
Crowdstrike , a cybersecurity company, recently released a report that an unidentified company in the aviation industry was significantly hacked through last year and this year, according to a report by CNBC.
PYMNTS
NOVEMBER 2, 2018
1) that a probe by international auditors is underway, examining a fraud that could be $200 million in scope at Aegean Marine Petroleum Network , tied to shell companies that ostensibly did business with the shipping fuel firm.
Chris Skinner
MARCH 20, 2016
I’ve been illustrating my frustration with incumbent banks for some time, saying that they lack technology leadership. Almost a third of my new book talks about the biggest challenge for banks to respond to Fintech, Big Data, Cloud, Blockchain and all those other issues is to have leadership.
PYMNTS
SEPTEMBER 19, 2019
The company produces hardware to record if customers are satisfied by allowing them to tap a face and software to analyze the data, according to reports. Reports noted that when the company last notched funding of $14.5 million in 2017, the company had 3,000 customers.
PYMNTS
AUGUST 16, 2019
In an email through a spokesperson per WSJ , [24]7 Senior Vice President and Acting General Counsel William Bose said, “This has been an ongoing issue between the companies and nothing new has arisen, except that Delta has chosen to litigate this matter.”. Delta Airlines Inc.
PYMNTS
OCTOBER 4, 2019
As part of that awareness, companies across all industries are realizing the strategic value of accounts payable (AP) automation and developing an understanding of emerging technology like artificial intelligence (AI) that plays a critical role in AP automation solutions.
PYMNTS
SEPTEMBER 24, 2019
Over 30 companies are supporting the effort, with the inclusion of global brands such as Amazon, Salesforce, Sonos, Spotify, Bose and Baidu, among others, according to a Sept. It’s exciting to see these companies come together in pursuit of that vision.”.
PYMNTS
OCTOBER 14, 2019
Shipping and technology behemoth Pitney Bowes is the latest in a string of high-profile companies to be hit in a cyberattack. TechCrunch reported that the company was hit with a ransomware attack. The FBI recently warned that “high impact” attacks would be hitting large companies.
PYMNTS
JULY 9, 2019
Consolidating multiple bank accounts into a “handful,” or into a single account for each currency a company uses, reduces friction associated with managing cash across hundreds of accounts, and reduces the need for treasurers to complete complex cash sweeps and pools, HSBC noted.
PYMNTS
NOVEMBER 5, 2018
China is reportedly looking at new regulations that would impact Alibaba and Ant Financial in an effort to boost oversight of financial holding companies. The aim is to have plans made for a supervision plan for financial holding companies by the first half of next year.
PYMNTS
JANUARY 30, 2019
China could be gearing up to take on New York and Hong Kong when it comes to listing technology companies on the stock exchange, publishing draft rules for a startup board that is similar to Nasdaq. curbs on Chinese tech companies and developments.
BankThink
OCTOBER 21, 2019
Consumer lending Ranking the banks Banks, thrifts and holding companiesOn Jun. 30, 2019. Dollars in thousands.
BankThink
OCTOBER 21, 2019
Credit cards Consumer lending Ranking the banks Banks, thrifts and holding companiesOn Jun. 30, 2019. Dollars in thousands.
BankThink
OCTOBER 21, 2019
Commercial lending Small business lending Ranking the banks Banks, thrifts and holding companiesOn Jun. 30, 2019. Dollars in thousands.
PYMNTS
JANUARY 7, 2019
There’s a new king of the mountain in the seemingly endless tussle between the world’s four largest companies – Amazon, Microsoft, Alphabet and Apple. 7), Amazon passed Microsoft as the largest company by market value, according to reports.
PYMNTS
SEPTEMBER 4, 2019
A superior court in Brazil has decided Uber drivers are independent from the company, according to a report by Bloomberg. The decision reinforces more than 250 lower-court decisions in Brazil saying there’s no labor tie between Uber and its drivers,” the company noted.
PYMNTS
AUGUST 21, 2019
Commercial bill pay company Plastiq has announced that starting on Wednesday (Aug. Visa commercial cardholders will be able to use the Plastiq to pay vendors, even if they don’t accept credit cards, the company said in a release. .
Bank Innovation
MAY 3, 2019
Ben Robinson, chief strategy officer of Temenos, has left the company. Robinson was a key member of Temenos’s innovation operation, taking a leadership role, among other responsibilities, in managing Temenos’s engagement with the fintech startup ecosystem.
PYMNTS
DECEMBER 12, 2018
That brings the tally of enterprises offering financial services to cannabis companies to 375 banks and 111 credit unions. Cash is expensive for these smaller companies to handle, said Hart, “very expensive, and operationally very limiting.”.
PYMNTS
MARCH 4, 2019
Comcast announced Monday (March 4) that it has acquired BluVector, a company that uses advanced artificial intelligence and machine learning to provide cybersecurity protection to companies and government agencies.
PYMNTS
AUGUST 7, 2019
DeepMind , an artificial intelligence company based in London that Google bought for £400 million ($486 million) in 2014, is deeply in debt and owes its parent company, Alphabet , upwards of £1.04 The company’s losses also grew from £302.2 Both companies are owned by Alphabet.
PYMNTS
FEBRUARY 13, 2019
Gavin Newsom, the governor of California, wants consumers to benefit from the billions of dollars technology companies in the state made by forcing the tech companies to share their profits. According to a report in Fortune citing comments Newsom made during a State of the State speech Tuesday (February 12), Newsom talked up the idea of a so-called digital dividend that would enable the consumers in the state to access some of the profits these tech companies make off of them.
PYMNTS
AUGUST 5, 2019
According to a new lawsuit, though, one company allegedly found a way around that. According to the lawsuit, Eaze allegedly got around that problem by processing payments thru a series of off-shore shell companies.
PYMNTS
SEPTEMBER 5, 2016
Spying a fake company is difficult, even for India’s Ministry of Consumer Affairs, which just disclosed efforts around identifying about 200 fake commerce companies. The names of each company have not been released to the public, but the Ministry has escalated the matter up to the Department of Industrial Promotion and Policy (DIPP) for further action. She added that for the next few days, all consumer complaints related to commence companies will be answered via Twitter.
Bank Innovation
OCTOBER 23, 2018
It's a common refrain from bank CEOs -- "My bank is a technology company." But the reality is much rarer. JPMorgan Chase is showing it takes fintech seriously by building (or buying) a Silicon Valley campus, which will house 1,000 employees, including 250 from recently acquired WePay.
PYMNTS
OCTOBER 3, 2019
The move is a response to the sudden collapse of MyPayrollHR , a New York company that suddenly closed and left some of its 1,000 corporate customers and their employees without pay. One of the largest payroll companies, ADP Payroll Services , is currently licensed in New York with DFS.
PYMNTS
JULY 5, 2019
Companies in the business-to-consumer (B2C) space have historically relied on lockbox processing through a bank – or a series of banks, depending on their size. But in other cases, the companies may want an individual consumer to make those transactions.
Bank Innovation
OCTOBER 5, 2016
Doing it, moving on: Blockchain-for-data company Factom Inc. Some words that should no longer surprise you, because this technology is only growing stronger: in blockchain news, there’s a new player on the block… chain. has just raised $4.2M
PYMNTS
JUNE 14, 2019
Truthout is reporting that the Trump 2020 campaign paid shell companies related to ad buyers who are part of a purported unlawful coordination plan with the National Rifle Association (NRA). The companies all use the same storefront and hire a lot of the same ad buyers.
Chris Skinner
FEBRUARY 12, 2018
This is the second Hiscox Cyber Readiness Report, conducted by Forrester Consulting, and puts the spotlight not only on the financial consequences of individual cyber breaches but also on the enormous cost in … The post Most companies are unprepared for a cyberattack appeared first on Chris Skinner's blog. I was looking around at what’s new online, and just discovered the Hiscox 2018 Cyber Readiness Report.
PYMNTS
MAY 20, 2016
Restaurant chain Noodles & Company is probing a credit card breach that is said to have hit several of its 500 stores. Our investigation is ongoing, and we will continue to share information,” Noodles & Company said in a statement. The fraud attack occurred as the Broomfield, CO-based company was in the process of testing and implementing EMV technology — a situation which many businesses around the U.S. Security & Fraud Noodles & Company What's Hot
PYMNTS
SEPTEMBER 4, 2019
While a significant number of trucking companies have gone out of business, there are trucking shortages and rising wages. USA Today noted that in the midst of a shortage, extant companies would likely want to service larger companies first, which would have a trickle-down effect.
PYMNTS
SEPTEMBER 20, 2019
A cannabis consumer goods and marketing holding company led by PRØHBTD CEO and Founder Drake Sutton-Shearer has launched with $25 million in funding, according to a Sept. The company’s flagship PRØHBTD recently launched an immersive website that integrates content and eCommerce. “I’m
PYMNTS
SEPTEMBER 26, 2019
Passed in 2018, the law dictates that consumers in California have the prerogative to access any and all personal data that a company has on them and request that it be deleted and not sold. Now companies are scrambling to meet the requirements by the time the law takes effect.
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