PYMNTS

JANUARY 3, 2021

A surge in eCommerce returns driven by COVID-19-related policy changes is hurting retailers but helping logistics companies, the Financial Times reports. On each side of the equation, the math is simple. Retailers that sell a product to a customer who ultimately returns it not only absorb the cost of executing a sale that ultimately will be for naught, but also need to process a returned item.

Real Estate 108

Real Estate Retail Sales Technology 108

Withum

JANUARY 3, 2021

111

111

PYMNTS

JANUARY 3, 2021

Finance Factory has rolled out its new automated credit review platform, which will be able to analyze 27 data points quickly and determine a borrower's fundability, a press release says. The tool will be able to work with inquiries and credit mix alongside debt-to-income and debt-to-credit calculations, and will be able to work with potential funding options for which an applicant might be qualified, the release says, which will help a company double the number of applications it can process.

Finance 97

Finance B2B 97

PYMNTS

JANUARY 3, 2021

The Financial Action Task Force ( FATF ) is warning of new ways of money laundering via exports like onions, potatoes, soft fruits or expensive cars, a report from the Financial Times says. Called trade-based money laundering, the new kind of fraud, according to FATF President Marcus Pleyer , enabled one criminal organization to move over $400 million over several years.

Pharmaceutical 97

Pharmaceutical Maine B2B 97

Advertiser: Paycor

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

PYMNTS

JANUARY 3, 2021

T-Mobile has told some customers of a “security incident” in which a malicious party “may have impacted some of your T-Mobile account information.”. A web page to which some customers were pointed states that the stolen data “may have included phone number, number of lines subscribed to on your account and, in some cases, call-related information collected as part of the normal operation of your wireless service.”.

Tax 85

Tax Account accountant accounted 85

PYMNTS

JANUARY 3, 2021

U.S. airlines are likely to lose more than $35 billion in 2020, CNBC reported, citing public documents and analysts' forecasts. Moreover, airlines aren't expected to recover until the second half of calendar 2021, according to CNBC. Among the data CNBC cited were major drops in the share prices of airlines in 2020 — declines that followed what overall had been a good decade for the industry.

Alaska 72

Alaska Transportation 72

PYMNTS

JANUARY 3, 2021

Finja , the Pakistan-based digital lending FinTech, has raised $9 million in a Series A round for $10 million, according to a company press release. The company counted contributions from ICU Ventures and the existing investors BeeNext , Vostok Emerging Finance , Quona Capital , and Gray MacKenzie Engineering Services , which is a Descon company. The release says the company's total financing now sits at $15 million, with the company having the flexibility under its belt to raise another $1 mill

payroll 70

payroll Finance B2B 70

PYMNTS

JANUARY 3, 2021

MGM Resorts International is trying to acquire Entain , the British parent of major online-gambling player Ladbrokes , the Wall Street Journal reports. The Journal said the cash and stock offer for the company, which is valued at about $9 billion, follows a $10 billion cash-only offer that Lanbrokes rejected. The Journal said it was unable to determine the exact value of the new offer.

Gaming 67

Gaming Gambling Sports New York 67

PYMNTS

JANUARY 3, 2021

The recently discovered cyber attack on federal government agencies and companies handling data as sensitive as information regarding new nuclear weapons was run from servers within the United States, The New York Times reports. The intruders' use of servers within the country made the attack especially potent because of laws that prevent the government's main cybersecurity operations — especially the National Security Agency — from spying on domestic targets, the Times noted.

Virginia 127

Virginia Maine New York Government 127

PYMNTS

JANUARY 3, 2021

New legislation passed by Congress will implement new regulations on the antiquities trade in order to hopefully crack down on the possibility of money laundering or other crimes, The New York Times (NYT) writes. The legislation was part of a package passed by Congress after it overrode President Donald Trump's veto. Under the new provisions in the massive National Defense Authorization Act (NDAA), the antiquities market will face tighter scrutiny.

New York 60

New York Legal Government 60

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

PYMNTS

JANUARY 3, 2021

Some intended COVID-19 stimulus beneficiaries won't see any money the federal government sends them through direct deposits because unpaid overdraft fees will more than consume newly injected funds, The New York Times reports. The Times reports that many larger banks have pledged to temporarily “zero-out” customers' in-the-red accounts for around 30 days so the customers can withdraw or spend the full amount of any stimulus payment.

New York 119

New York Government Account accountant 119