PYMNTS

OCTOBER 19, 2020

In a quest to dominate online food shopping in China, Alibaba invested $3.6 billion for a controlling stake in the hypermarket operator Sun Art Retail Group , Alibaba said in a statement on Monday (Oct. 19) CNN report. 19) CNN report. As part of the deal, Alibaba will acquire a 70.94% equity interest — worth about $3.6

Online 231

Online Retail Groups Operations 231

PYMNTS

DECEMBER 18, 2020

Criminals seeking to exploit unmet demand for the COVID-19 vaccine are selling doses – many presumably fake – on the "dark web," the portion of the internet dominated by merchants who operate beyond easy reach of law enforcement agencies, the Financial Times reported on Friday (Dec.

Report 274

Report United States social media Guidelines 274

PYMNTS

OCTOBER 1, 2020

online grocery retailer Ocado is involved in a patent lawsuit over robotically-operated warehouse technology with robotics company AutoStore , Reuters reported. That deal was seen as instrumental in Kroger competing with Amazon , Reuters reported. s online delivery pool. Although Ocado only claims 1.7

Online 234

Online Florida Retail Course 234

PYMNTS

MAY 22, 2020

reported total Q1 sales of $1.8 The retailer said it wasn’t reporting comparable-store sales, as its shops were open for less than seven weeks of the 13-week period, per an announcement. Additionally, the company reported a net loss for Q1 2020 of $306 million compared to net income of $421 million in 2019. Net sales were $4.4

Report 240

Report Retail Operations Trends 240

PYMNTS

OCTOBER 28, 2020

In the November edition of the Payments Orchestration Playbook , PYMNTS examines how payments orchestration is emerging as an effective way to help bring firms up to speed as they find their digital operations wanting. Adding new payment gateways and automating payments operations are only half the battle, however. About The Playbook.

Payments 257

Payments Report Operations United States 257

Perficient

APRIL 3, 2024

Insurers are constantly striving to improve their operations, provide better experiences for customers, and minimize risks. Monica Gernert, a project manager, and insurance expert at Perficient, provided a critical perspective around genAI that’s quoted in the report.

Technology 221

Technology Report social media Industry 221

PYMNTS

DECEMBER 10, 2020

TSYS , a payment processing company, has suffered a ransomware attack and had some data posted online, according to a report from Krebs on Security. We immediately contained the suspicious activity and the business is operating normally. Krebs said the attackers have said they plan to publish more in the coming days.

Online 226

Online Data Columbus Cards 226

PYMNTS

OCTOBER 8, 2020

And the company has continued implementing new machine-learning tech and filing new patents in areas such as deep learning, model fairness operations, active learning, transaction graph representations and more, the release says. Co-founder and CEO Nuno Sebastiao contrasted his company’s experience with those of others. And meanwhile, 35.7

Report 247

Report Fraud Risk Management America 247

Abrigo

MARCH 7, 2025

Reg E applies to transactions such as: Debit card purchases Direct deposits and withdrawals Online bill payments Automated teller machine (ATM) transfers It doesnt apply to business accounts, including business checking and business savings accounts. And it doesnt cover credit cards either.

Compliance 195

Compliance Regulation System Guidelines 195

PYMNTS

JANUARY 21, 2021

In terms of customers going online to bank, BofA added that digital sales accounted for 45 percent of all consumer banking sales for the quarter. Citibank can now open accounts online in 50 countries and in the year 2020 it opened 14 million accounts digitally — a 200 percent increase over 2019. million during the quarter.

Mobile 252

Mobile Report Trends Digital Banking 252

PYMNTS

AUGUST 7, 2020

Millions of consumers around the globe are turning to online games during the COVID-19 pandemic, and cybercriminals are springing into action with schemes to target them. Online gambling compliance experts are also predicting that cybercrime will sharply rise in the coming months. Why Online Gaming Appeals To Fraudsters .

Online 222

Online System Fraud Video 222

PYMNTS

OCTOBER 2, 2020

With more consumers than ever going online to shop and pay, merchants are building and expanding their digital capabilities to meet this demand for digital commerce. This puts pressure on merchants to find ways to make their operations PCI compliant, and fast. Around The Pa yments Orchestration Ecosystem. About The Playbook.

Compliance 243

Compliance Data Report Meeting 243

PYMNTS

AUGUST 10, 2020

Consumers have been using internet technology for everything from nonessential health services to ordering from restaurants in the last few years, especially shopping more frequently online for retail products and groceries. Instant payment availability is particularly low for income- and earnings-related payments at less than 6 percent.

Report 228

Report Payments Millennials Cards 228

PYMNTS

DECEMBER 8, 2020

Many of these processes had begun to shift to digital channels within the past several years, however, and the health crisis has caused the online shift to pick up steam at an incredible pace. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2 About The Tracker

Video 211

Video Report Meeting United States 211

PYMNTS

AUGUST 3, 2020

Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most dangerous mafia organizations,” the Financial Times reported on Monday (August 3). ” Wirecard declined to comment for the FT article. .”

Regional 362

Regional Online Fintech Report 362

PYMNTS

SEPTEMBER 30, 2020

More than 100 million consumers in the United States have switched from shopping in stores to shopping online since the pandemic began, and 83 percent of them plan to keep shopping with merchants they have discovered since then, even after the crisis has subsided.

Report 230

Report Retail United States Online 230

PYMNTS

AUGUST 24, 2020

PYMNTS’ latest research report, Mastering Multichannel Commerce Playbook: The New Retail Reality , in collaboration with Citi , examines these technological and consumer behavioral shifts and looks at three emerging channels: direct-to-consumer (D2C), subscription and digital business-to-business (B2B) commerce platforms. About The Playbook.

Retail 216

Retail Report Case Study Study 216

PYMNTS

DECEMBER 17, 2020

In today’s top retail news, StockX has landed $275 million in a Series E funding round, while Rite Aid Corporation reported as part of its fiscal 2021 third quarter results that revenues rose by 12 percent. Rite Aid Reports 12 Pct Rise In Revenues. Plus, the convenience store vertical has seen $21.7 The C-store space has witnessed $21.7

Retail 226

Retail Report Company Pennsylvania 226

Abrigo

MARCH 18, 2025

However, retail and wholesale payment systems are operated by public and private sector entities, which are responsible for communicating information about individual payment transactions and settling transactions. trillion in 2021, another Fed report Checks Though declining, checks still account for some business and consumer transactions.

System 195

System Payments Fraud Regulation 195

PYMNTS

AUGUST 7, 2020

Barrons: Online Lender Kabbage Shopping for Buyers. Trackers and Reports. Report: Skillz Takes Bowling Online — And Strikes Out Bad Actors (Digital Identity Tracker) . New Report: Why It’s Time to Retire the Subscription Paywall (Payments Orchestration Tracker).

Online 210

Online Apple Florida Analysis 210

PYMNTS

MAY 20, 2020

Target reported on Wednesday (May 20) that it had a very busy first quarter as consumers flocked to its website to stock up in preparation for the pandemic. But like Walmart, which reported strong numbers on Tuesday, Target also paid a high price for its spiking growth. billion reported this time last year. percent from the $17.6

Online 224

Online Report Retail Examples 224

PYMNTS

JULY 21, 2020

The report also analyzes how such rules are likely to change in the next several years as the health crisis alters the region’s online banking adoption and digital payments volumes. For more on these and other stories, read the report’s News & Trends. Around The Data Protection World.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

JANUARY 1, 2021

As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. The proposal also mandates more disclosure on "online advertising and on the algorithms used to recommend content to users.". The acts had been widely anticipated and give new frameworks for commerce and content.

Regulation 352

Regulation social media Course Apple 352

PYMNTS

NOVEMBER 19, 2020

Meanwhile, online gamblers are taking advantage of bitcoin’s surging prices to cash out their winnings in cryptocurrency, Bloomberg reported. In other news, the U.S. Freeman allegedly worked with five co-conspirators. Freeman turned in his share of the cryptocurrency, which is now valued at over $2 million.

Bitcoin 222

Bitcoin cryptocurrency Online social media 222

PYMNTS

SEPTEMBER 16, 2020

The Financial Times (FT) reported police acknowledged that in a scheme to avoid China’s tough financial regulations, thieves have targeted sites including Pinduoduo Inc., the Shanghai-based company that calls itself the world’s largest online platform. Money laundering carries a maximum penalty of 14 years in prison as well as a fine.

Online 312

Online Report Security Regulation 312

PYMNTS

AUGUST 21, 2020

This popularity is not expected to decline once the virus wanes, with the number of online and mobile banking users expected to hit at least 3.6 Windows developer Microsoft has released security patches to fix this security gap, but as many ATMs are in remote areas, their operators do not often upgrade their systems. billion by 2024.

Analytics 266

Analytics Fraud ATM Report 266

PYMNTS

AUGUST 10, 2020

What they need is an online auction marketplace. Successful online selling, especially on a one-off basis, is tough. We’re talking lay sellers, not savvy operators with digital storefronts. For Mercari, it is online auctions as a touchless app experience akin to mobile order-ahead. Plenty of those around.

US 278

US America Online Mobile 278

PYMNTS

OCTOBER 6, 2020

In July, the company reported that its online transaction volume grew 106 percent year over year during the second quarter, as the firm capitalized on a digital transformation that began long before the pandemic. . Overall, MoneyGram reported 1 cent in diluted adjusted earnings per share on $279.8 million in revenue.

Puerto Rico 282

Puerto Rico Texas Online Report 282

PYMNTS

OCTOBER 6, 2020

The delivery sector is setting record revenues as dining rooms are operating at limited capacity, but this trend was in the works long before the pandemic began. A study found that the industry expanded by 20 percent over the past five years, with online food delivery revenue expected to hit $24 billion by 2023.

Report 237

Report Innovation Boston Chicago 237

Abrigo

FEBRUARY 27, 2025

Lets explore key aspects of wire fraud and best practices financial institutions can use to protect their clients and their operations. Other acts of wire fraud include business email compromise, phishing, fake online advertising, and social engineering for investment fraud. Staying on top of fraud is a full-time job.

Fraud 195

Fraud How To Strategy Security 195

PYMNTS

JANUARY 7, 2021

Customers of Simple Bank are receiving emails telling them the bank is closing and that the intent is to transfer them to BBVA , a report from Talk Android says. After Simple Bank launched as an online bank specializing in high-interest savings accounts, the current economic climate ended up making it unfeasible.

FDIC 336

FDIC Google User Experience Lending 336

Perficient

JULY 11, 2022

When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout. Affirm says on its website that it sometimes reports users’ payment history to Experian, and it “may report loans with delinquent payments.”

Fintech 474

Fintech Trends Apple South Dakota 474

PYMNTS

NOVEMBER 1, 2020

Executives at MCI Capital , the biggest publicly traded private equity firm in Poland, are optimistic that a recent record-breaking initial public offering (IPO) in the eCommerce space bodes well for the industry, Bloomberg reported. Online retailer Allegro.eu The transaction was assessed a huge success by the industry at the time.

ATM 243

ATM Leadership Capital Online 243

PYMNTS

JUNE 15, 2020

according to local news reports. Walmart last month launched Walmart Pay, its touch-free payment system, while expanding the ability of customers to shop online by rolling a number of apps into one central Walmart app.

Arkansas 280

Arkansas United States Online Regional 280

PYMNTS

SEPTEMBER 29, 2020

Reports said that the legislation aims to also provide greater efficiency to address market fragmentation, with current financial service providers working with cryptocurrencies often operating in only one member state. During the lockdown, many people shifted to accessing banking and other financial services online.

Innovation 323

Innovation Payments cryptocurrency blockchain 323

Perficient

MAY 28, 2020

Oracle Utilities has long been a leader in industry applications for operations at power generation companies. For this data to prove value, Utilitiy’s customers need analytics, dashboards, and reporting to consolidate information and highlight important analytics. Improving Mobility & Field Operations with Oracle SCM.

Analytics 340

Analytics Customer Experience Risk Management Mobile 340

PYMNTS

JANUARY 19, 2021

The collaboration is part of Eedenbull’s efforts to expand globally after having secured 65 banking partnerships across Europe, according to a report. The FI aims to wield Backbase tools to create digital banking channels across its operations, with its focus first landing on SMBs. BNL Goes Live With Tink. ní banka Taps Temenos.

Fintech 341

Fintech National Groups Tools 341