MYOB Suffers Payroll Reporting Glitch

PYMNTS

Australian small business cloud accounting company MYOB was managing a system glitch last week after it confirmed hundreds of payroll reports known as group certificates or payment summaries were sent to the wrong recipients.

Report 233

Capital One Offers Free Business Credit Reports

PYMNTS

According to a recent Capital One survey, nearly 31 percent of small business owners have either never heard of business credit reports or are not educated about them, despite the fact that managing their credit can enable them to access more funding, establish partnerships and grow their businesses.

Popular Millennial Site Bleacher Report Dives Deep Into Sports Betting

PYMNTS

Bleacher Report, a millennial-focused sports website, has been steadily expanding into the sports betting space, attracting a new generation of gamblers who don’t consider sports gambling a bad thing, according to a report by CNBC.

Report 209

MoviePass Reportedly Temporarily Suspends Service

PYMNTS

With MoviePass suspending its service for “improvements” to its service, the end could reportedly be in sight for the movie theater subscription service. The offering went from having 3 million users in its ranks to approximately around 225,000 in April, CNBC reported.

Report 151

Report: Worldwide Accounts Payable Software Market To Reach $1.567M

PYMNTS

Zion Market Research released a report about the accounts payable software market on Wednesday (March 20), estimating the market will reach about $1,567 million by 2025, according to a release by the company.

PayPal reports strong numbers for Venmo, Visa posts solid Q2

Mobile Payments Today

PayPal and Visa reported strong earnings in the first quarter of 2019, with PayPal breaking out Venmo numbers for the first time

Report 231

State Regulators Report: Money Services Firms Handled $1.2T In 2017

PYMNTS

As noted by the Conference of State Bank Supervisors (CSBS), state regulators earlier this month released the inaugural Money Services Business Industry Report, which featured transaction data tied to 2017 and focused on licensed money transmission and payments.

Report 205

Moody’s: April ADP Jobs Report Was Inflated

PYMNTS

Payroll processor ADP’s report on the job market in April may have been inflated due to technical issues. The Labor Department will report non-farm payroll numbers for April on Friday (May 3).

Report 181

Judo Capital Taps VERMEG For Reporting Compliance

PYMNTS

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license.

NEW REPORT: How X-Border Receivables Save Rhinos

PYMNTS

In fact, a recent report found 75 percent of surveyed merchants had walked away from a cross-border business opportunity due to fear of non-payment from a global trading partner. For a roundup of the latest notable news and trends in the cross-border receivables space, check out the report.

Report 260

Financial Apps Have Better Mobile Retention Rates Than Other Industries, Report Says

Bank Innovation

Neither video games nor dating nor shopping have a stronger pull, in terms of initial mobile app retention than financial apps, according to one report released by mobile app research firm Liftoff.

Report 151

Accounting Expertise In C-Suite Can Compromise Financial Reports

PYMNTS

It’s common sense that a corporation would want its C-Suite to have some knowledge of accounting practices, and one could assume that a lack of understanding of corporate accounting may heighten the risk for misstatements on financial reports.

Report 221

Facebook, FTC Reportedly Reach $5B Settlement

PYMNTS

The Federal Trade Commission and Facebook have reached a tentative decision to settle ongoing privacy issues with a $5 billion settlement, according to a report by The Wall Street Journal.

Report 153

Report: Email Variants Keep BEC Fraud Humming Along

PYMNTS

The report shows the use of malicious emails, rather than attachments, is on the rise — which darkreading.com said comes along with new variants of impersonation fraud. As reported, the URL attacks are ones that trick recipients with links that bring them to malware of phishing sites.

Fraud 237

NEW REPORT: Are AI And ML Actually Transforming Retail?

PYMNTS

To learn more about how businesses are leveraging AI and ML technology to optimize their customer experience, click here to download the report.

Report 234

NEW REPORT: Retailers Face An Augmented Reality Check

PYMNTS

To read the feature story and get a close look into how AR is laying the foundation for retail’s next state of evolution, download the new Digital Consumer Report. Augmented reality (AR) has long been associated with games like Pokémon Go and Zombies, Run!

Report 229

Wirecard Files Suit Against FT Following Investigative News Reports

PYMNTS

German financial and payments company Wirecard has filed a lawsuit against the Financial Times for a series of articles the news organization wrote alleging misconduct and fraud in its accounting, Reuters reported. The company’s shares climbed 30 percent on the news of the report.

Report 170

AppZen Analyzes Trends In Flagged, Rejected Expense Reports

PYMNTS

A new survey from AppZen finds employees in the professional services industry, including accountants, financial advisors and lawyers, more frequently have their submitted expense reports rejected, reports in CPA Practice Advisor said Monday (Dec.

Report 208

New Tool Allows UK Facebook Users To Report Ad Scams

PYMNTS

users to report suspicious ads that they suspect of being scams. The feature can be accessed by clicking the three dots in the top right corner of the Facebook ad, selecting “Report ad,” choosing “Misleading or scam ad” and then “Send a detailed scam report,” Financial Times reports.

Tools 153

Report: Minding The Mobile Card Services Interest Vs Usage Gap

PYMNTS

percent of all respondents report that they have never heard of the services. To learn more about the various ways MCS appeals to a range of consumers and the use cases that could help close the gap between its potential and current use, download the report.

Cards 204

Financial Services Committee passes bills to reform credit reporting

BankThink

Credit reporting Appraisals Financial inclusion Patrick McHenry House Financial Services Committee Experian Transunion EquifaxLegislation backed by Democrats to reform the credit bureaus and allow consumers greater access to their information advanced without any Republican support.

Facebook Reports Removal Of 2.2B Sham Accounts

PYMNTS

billion fake accounts in the first quarter of 2019, according to a report by Bloomberg. The statistics came through the company’s third content transparency report, a biannual document outlining Facebook’s removal of posts and accounts that violate the company’s policies.

Report 193

Media Moment: Kenya Landscape Report

Bankelele

This morning a, joint report by TIFA Research and Reelforge Media Intelligence was released about the media landscape in Kenya. Excerpts from the report Advertising remains a key source of revenue of media. The post Media Moment: Kenya Landscape Report appeared first on Bankelele. Also the media, while still powerful faces many challenges including global competition for advertisers (Facebook and Google), and for consumers from other digital […].

On Capitol Hill, Credit Bureau CEOs Say Reporting Changes Are In the Air

PYMNTS

Executives from the trio that has come to dominate credit reporting — Equifax , Experian and TransUnion , of course — appeared on Capitol Hill and gave testimony before the U.S. Separately, TransUnion offered half a dozen recommendations to revamp reporting efforts.

Report 215

Jobs Report Shows Unemployment Near Record Low

PYMNTS

CNBC reported that economists had only expected nonfarm payrolls to increase by 165,000. economist at Capital Economics, said at the upcoming meeting of the Federal Open Market Committee that the report “would seem to make a mockery of market expectations” for the predicted rate cut.

Report 141

OCC reports on proposed innovation pilot program to Congress

Bank Innovation

In her report, she discussed innovation framework, partnerships, fintech bank charters and the upcoming launch of an Innovation Pilot Program.

Why Regulation Won’t Fix Credit Reporting Agencies

PYMNTS

Thirty years later, I find their tagline a rather fitting metaphor for the Equifax data breach and the flurry of headlines made by everyone who now wants to take them — and their two credit reporting agency compadres, Experian and TransUnion — out to the regulatory woodshed. The credit bureaus were included in the CFPB’s scope of oversight in 2012, and she’s asked the agency to let her know what additional power it might need to better regulate the credit reporting agencies going forward.

Report 206

Deloitte Report Identifies Unmet Cybersecurity Risks

Bank Innovation

In an age of technological advancement, banks are striving to keep up with the risks that are inherent to innovation. For consumers, it raises important questions of how financial institutions are fighting these risks.

Report 141

NEW REPORT: Acing Overseas Tuition Receivables

PYMNTS

In the new Global Payments Architecture Report , PYMNTS covers the latest efforts to crack down on problems with late and non-payments in a variety of different industries. About The Report.

Report 151

Report: BEC Fraud Increasingly Goes Mobile

PYMNTS

As researchers at Agari reported, business email compromise (BEC) attacks have been going mobile. As reported in Credit Union Times , the attacks are still done through email, but also look for mobile number details to “better coerce” intended victims to funnel funds to bad actors’ accounts.

Fraud 198

UK Government Report Calls On eCommerce Players To Pay More Taxes

PYMNTS

According to a report in Bloomberg, the U.K. Business rates must be made fair,” said Clive Betts, a member of the House of Commons and chairman of the committee, in the report, according to Bloomberg. According to the report, the U.K. The report pointed to Amazon for one example.

Taxes 198

Citi Releases Annual Digital Money Index Report

PYMNTS

Citi and the Imperial College Business School have released the latest Digital Money Index, a report that tracks 84 countries and their digital money readiness, Citi said in a news release. The report concluded that there’s been a 5.5

Report 198

Acorns Reportedly Seeks Over $100M In Funding

PYMNTS

Through a reported funding round, digital wealth management startup Acorns Grow Inc. Such a round could potentially provide the company with a valuation of more than $700 million, Bloomberg reported. The reported round was not included in their estimate.).

Report 228

NEW REPORT: Is Security Holding Omnichannel Banking Back?

PYMNTS

In the inaugural issue of the Omni Security And Authentication Report , PYMNTS explores how banks are using technologies like artificial intelligence (AI) and neural networks to identify and build customer profiles and safeguard themselves and their customers against the rising threat of fraud.

Report 185

House Financial Services Committee passes credit reporting bills

CFPB Monitor

Four bills dealing with credit reporting were passed last Thursday by the House Financial Services Committee. While there has been bipartisan support for credit reporting reform, none of the bills received any Republican votes. The House Financial Services Committee is scheduled to mark up more bills dealing with credit reporting today. Credit Reports Federal CFS Monitor credit reporting FCRA house financial services

Uber Reportedly Close To Buying Competitor Careem

PYMNTS

Ride-hailing and food delivery app Uber is reportedly in “advanced” talks to buy Careem, a Dubai-based rival, according to reports. A report in January said that Uber’s valuation when it goes public is likely to be $14 billion less than its most recent private valuation.

Report 199

The future of money (research report)

Chris Skinner

I just got a report from J Walter Thompson on the future of money and there’s some interesting facts and stats. Here are my headlines: 76% of millennials are looking for new forms of banking 40% of people in their twenties have downloaded a money management app 80% of millennials … The post The future of money (research report) appeared first on Chris Skinner's blog.

Report 172

New Internet Of Things Report Out

PYMNTS

That’s according to a new report out this week. . Which is why this report may seem like a no-brainer, but the important part is the impressive data. The new report covers the present situation compared to the potential growth of the IoT, taking into consideration the market size, as well as applications and services. Internet of Things america APAC EMEA IoT report TrackerFrom now until 2020, the global Internet of Things is expected to grow at a CAGR of 36 percent.

Report 209

Grab Reportedly Considered Acquiring 2C2P Pte

PYMNTS

In a sign of Grab ’s ambitions in the financial services space, the Singapore ride-hailing firm reportedly had discussions to acquire payments provider 2C2P Pte. Unnamed sources claim that the company was one of various possible bidders interested in the payments firm, Bloomberg reported.

Report 141

Report: The State Of Buy Buttons In Q2 2019

PYMNTS

To learn more about buy buttons’ evolving role in the eCommerce industry, download the report. In the year of 2019, buy buttons are so common, they are almost a given. More than seven in 10 leading eCommerce merchants now offer at least one buy button, and one in five now offer two or more.

Report 180

Ernst & Young, KPMG Reported To Danish Police For Money Laundering

PYMNTS

The Financial Supervisory Authority also received our reporting,” according to an emailed statement from Anette Harritz, the quality, risk and management partner at KPMG in Denmark.

Report 244

Ready for Reporting

Independent Banker

Prepare now for expanded HMDA data reporting in 2019. The CFPB implemented the Dodd-Frank Act’s revisions to HMDA, but also used the bureau’s discretionary authority to add even more data points and change the rule’s scope and reporting requirements. Changes to reporting requirements.

Report 156

Report: The Reason 48 Pct Of High-Margin SMBs Pay Suppliers Late

PYMNTS

In the SMB Receivables Gap Report , a collaboration with Fundbox , PYMNTS delves into survey data from 1,031 U.S. percent of them report having to pay within 61 to 90 days.

Report 242