Sat.Jul 07, 2018 - Fri.Jul 13, 2018

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Can TAGWALK Redefine Fashion Search?

PYMNTS

Entrepreneurs are, as a rule, pretty excited about their ideas. They almost have to be, since the journey from idea to instantiation is arduous under the best circumstances. Only a true believer is likely to ever make it across the finish line, as the less convicted and committed are more than likely going to be worn down and out by the process itself.

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Macy’s Online Customers Warned Of Data Breach

PYMNTS

After Macy’s cyber tools detected suspicious logins on June 11, the retailer is warning customers about a data breach. The retailer said that a threat targeted the profiles of customers for nearly two months, Detroit Free Press reported. In a letter to its eCommerce customers, Macy’s said that a third party was behind the suspicious activity, and that party had received information from a non-Macy’s source.

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The Warranty As An eCommerce Plug-In

PYMNTS

Retailers face a challenge when it comes to offering warranties for their customers: A warranty program can take months to set up and launch. But offerings such as Mulberry Platform seek to dramatically speed up that timeline to under a day. “We want the retailers to be able to a launch a best-in-class warranty option in less than an hour,” Mulberry Platform Co-founder Chinedu Eleanya said in an interview with PYMNTS.com.

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Today In Data: Consumers Trade Albums For Unbundled Songs

PYMNTS

With consumers demanding more choices, experts say that the unbundling of media – such as music, newspapers and television programming – is the future. At the same time, services like Zelle use a consumer’s mobile phone number to route funds , and platforms like Ingo Money allow companies to send funds to consumer accounts in real time. And, in retail, J.Crew ‘s smaller sister brand, Madewell , is growing because of its ability to think small to generate very large effects.

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Planning Your Restaurants Path to Profitability

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.

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Mastercard, Strands Partner On AI-Powered SMB Banking Platform For Banks

PYMNTS

Mastercard and EU FinTech Strands are collaborating on a cash management and corporate payments platform for banks, designed to address small business (SMB) needs. A press release on Monday (July 9) said the companies are deploying artificial intelligence (AI) technology, Strands Business Financial Management ( BFM ), to develop the solution, enabling small businesses to forecast cash flow, analyze finances and gain personalized recommendations on services from their banks.

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Target Expands Drive Up Service In The Midwest

PYMNTS

Target has brought its Drive Up service to 200 additional stores in the Midwest and select states with its latest expansion of the service. Drive Up allows consumers to order products through Target’s mobile app and pick them up outside a Target store, the retailer said in an announcement. The service is available in markets such as Chicago, Indianapolis and Columbus, and with this expansion, Drive Up is available at more than 800 brick-and-mortar locations in 25 states.

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All About The Bots – And Valuations, Too

PYMNTS

In the land of startups, and valuations of startups, it’s all about the Benjamins. And the bots. And the Benjamins that can be made from bots…. The much-storied tales about tech unicorns, those young firms that have logged valuations of at least $1 billion, got a new chapter on Monday, after California firm Automation Anywhere stated that it had raised $250 million in a fundraising round from the likes of Goldman Sachs and others.

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IoT Security Solutions To Hit $6B By 2023

PYMNTS

The Internet of Things (IoT) cybersecurity solutions market is poised to hit $6 billion globally by 2023, according to a new study from Juniper Research. In a press release highlighting the new research, Juniper Research said that spending by product and service providers and end customers will rise close to 300 percent from now until 2023. “The interconnected nature of the IoT means that even innocuous devices like the connected fridge can become a threat.

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Nordstrom Local Expands In Los Angeles

PYMNTS

Following a positive reception from customers , Nordstrom Local announced two more Los Angeles locations for its hyperlocal retail concept. One store will be 1,200 square feet and located in Brentwood, while another will be a 2,200-square-foot store in the city’s downtown area. The concept may also expand to New York City, Fast Company reported. “We’ve got a young customer base that’s very engaged with our brand,” Ken Worzel, Nordstrom’s chief digital officer and Nordstrom.com president, told F

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Verifone CEO To Change Once Go-Private Deal Completed

PYMNTS

Verifone , the payments company, announced on Monday (July 9) that its Chief Executive Officer Paul Galant has decided to relinquish his role effective as of the close of the previously announced deal with Francisco Partners. In a press release , Verifone said the transaction is expected to close during the third quarter. At that point, Michael Pulli, formerly CEO of Pace Plc until its acquisition by ARRIS Group, will become CEO.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Amid New Google Pay Features, Users Can Split The Bill

PYMNTS

Google Pay is rolling out new features that, among other things, let users send and request money, through the merging of the Google Pay and Google Pay Send apps. In a blog post on Tuesday (July 10), Product Management Director Gerardo Capiel said that a slew of updates, which have just started rolling out, allow users in the United States to send and request money using the Google Pay app, a feature that will soon debut in the United Kingdom.

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Why Visa Is Starting A Conversation About Millennial Females and Money

PYMNTS

Women’s relationship with money in the United States has been something of an evolving area in the 242 years since Thomas Jefferson declared America’s independence with the phrase “all men are created equal.”. In those days, women could not control bank accounts, own land, write wills or checks, or inherit property of their own except by special dispensation from a magistrate.

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Oprah Enters The Restaurant World

PYMNTS

Oprah Winfrey is becoming a restaurateur. As of today, the international media titan has announced an investment in True Food Kitchen , a healthy eating startup based out of Houston. True Food Kitchen’s bread and butter, so to speak, is sustainable, local and organic dining. It was named the 2018 emerging restaurant by data firm Fishbowl. The size of Oprah’s equity investment is unknown, but apart from money, she is offering her literal presence – she will be joining the brand’

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IHOP Is Back On Pancakes

PYMNTS

Order has returned to the universe, balance has returned to the force and the world makes sense again. The International House of Pancakes is back, as the experiment of International House of Burgers has come to an end. The restaurant, famous for its breakfasts, flirted with becoming IHOB as an attempt to promote its burger offerings. But thankfully for eaters of the most important meal of the day, the experiment/publicity stunt has drawn to a close.

Sales 44
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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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The Lebron Effect On Payments

PYMNTS

PYMNTS may not have the greatest sports experts in the world, but even we understood the big deal concerning the addition of Lebron James to the L.A. Lakers lineup, and the context of NBA basketball for next season. But why let one big add overshadow the many significant pickups in our favorite sport — as well as payments and commerce? Last week almost dazzled with big adds.

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Fleets Steer Dangerously Close To Cyberattack Risks

PYMNTS

Exploding interest in smart cars and autonomous vehicles isn’t just changing the way the average consumer drives. The fleet management market is slated to see a $28.66 billion market valuation by 2022, driven by the need for greater efficiency, and connected vehicles have become a gateway to sophisticated management and analysis of fleet operations for managers seeking greater control and reduced costs.

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Emailage: Prudent Fraud Prevention Is Key To Canadian FinTech Startups

PYMNTS

Emailage , the online fraud prevention startup that uses email addresses to assess risk, is expanding its operations in the Canadian market. The company recently brought Julien Phipps onboard as a senior business development director. Phipps said that the expansion is “an opportunity for us to leverage the work that we’ve been doing with email at [the] core of our solution.”.

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Fighting Fraud By Finding The Gaps

PYMNTS

The problem with fighting fraud — according to GIACT EVP of Product David Barnhardt in this week’s edition of the PYMNTS Topic TBD — is how much information fraudsters have at their fingertips about regular consumers. Between the Equifax hack last year, the Exactis hack last month and the thousands of other data breaches, big and small, that happened between them (not to mention before them), the average American consumer can rest assured that some or all of their personal data is floating aro

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. 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.

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Creating The New Payments And Commerce Normal

PYMNTS

The pace of payments is getting faster — because the demand and expectations are on the rise. Gig workers and those living paycheck to paycheck need access to their funds, SMBs can’t grow without them and, all around the world, governments are hearing the call and pushing to ramp up the pace. With billions of connected devices flooding the market, the pace of change is only getting faster.

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Secoo Gets $175M Investment From L Catterton Asia, JD.com

PYMNTS

On Tuesday (July 10), L Catterton Asia, the Asian unit of consumer-focused private equity firm L Catterton , and Chinese retailer JD.com announced a strategic partnership with Secoo Holding Limited, one of Asia’s online integrated upscale products and services platforms. Through the partnership, L Catterton Asia and JD will invest $175 million in Secoo, the companies said in a press release.

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Prime Day Is Coming To Whole Foods

PYMNTS

Now that Whole Foods is part of the Amazon family , it probably comes as no surprise that it is joining the Prime Day party. In addition to the tiers of savings Whole Foods has been rolling out to Prime members over the last several months, a new addition is coming to the Prime goodie bag. This year, in celebration of the shopping holiday that Amazon invented, Prime members will get a $10 Amazon gift card for shopping at Whole Foods during the 36-hour shopping extravaganza.

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Who Will Control Connected Cars?

PYMNTS

Think of it, perhaps, as the race to become the best backseat driver. As car manufacturers, software providers, payments and commerce players and others build the connected vehicle ecosystem, there is increasing experimentation and competition in regards to the best operating systems to install. Recent evidence of that came from Volvo when it announced that it would embed Google Assistant, Google Play Store, Google Maps and other Google services into its next-generation Sensus infotainment syste

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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The More Things Change…

PYMNTS

Everyone remembers the adage: The more things change, the more they remain the same. Though much has changed in the digital age, much does remain the same. We still watch TV , albeit different from the way we once did. We want good customer service, though — worldwide — we don’t necessarily need it from a person. Buying toys, particularly around the holiday season, continues to be the plan for 2018 , despite the end of Toys R Us.

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Can Mobile Payments Improve Healthcare Access in Africa?

PYMNTS

The popularity of mobile commerce in Africa is a well-known — and ongoing — story. Now, global health experts are paying more attention to the prospect of using mobile payments , perhaps bundled with insurance services, to make it easier for people to get well. Africa has relatively low rates of health insurance , and the amount spent on healthcare in the continent is also low.

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TRENDING: Call Centers Take Off The Gloves And Put On The Masks To Fight Payments Fraud

PYMNTS

Call center service providers are increasingly automating their processes to speed up their payments acceptance, while reducing associated costs. Debt collection agencies, for one, increased their use of interactive voice response (IVR) by 8 percent over the last year. However, as call centers are upping their use of automation technology, fraudsters are finding new ways to penetrate it.

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It’s Complicated: China’s Relationship With Bitcoin And The Blockchain

PYMNTS

Trades between bitcoin and China’s renminbi (RMB) were once very popular, but that’s reportedly no longer the case. News came this week that the volume of currency trades between the RMB and bitcoin have plummeted in recent months. While that pairing comprised more than 90 percent of global bitcoin trades in December, trades involving the Chinese currency now only make up a mere 1 percent of all bitcoin trades.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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Pinterest Takes On Facebook With Event Planning Tools

PYMNTS

Pinterest has launched new collaboration tools to allow users to plan parties and projects on the site. Launching on group boards, users are able to have conversations with other members of their board through the new group activity feed. “The activity feed helps you keep track of what’s happening on the board, like when someone saves a new Pin or adds a new section, or a new member joins,” the company wrote in a press release.

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Square Cash Crypto Trading Soars Despite Bitcoin’s Decline

PYMNTS

Despite bitcoin’s fall, Square ‘s mobile payment app, which launched crypto trading in late January, is surging. In fact, Square Cash is growing roughly three times faster than PayPal ‘s Venmo , with nearly 2 million downloads per month in May and June, according to data from Instinet. “Square is more than just a bitcoin play,” said Dan Dolev, executive director and analyst at Instinet, cited by CNBC. “A lot of people were worried because it went up with bitcoin,

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Construction Is Trying — Really — To Move Away From Paper

PYMNTS

Visit a construction job site and – along with the water coolers, chain link fences, portable toilets and tools – chances are you will come across stacks of papers, including plans, permits and invoices. And that can present problems. Take payments. The cost of late payments in commercial construction runs $40 billion annually, according to one recent industry report.

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PSD2 Smiles On Biometrics — And Other Tales From The New World

PYMNTS

Watching. Waiting. Concerns about fraud. And an apparent boost for biometrics. The second Payment Services Directive — known as PSD2 — has come into effect in Europe, with a September 2019 deadline of payment service providers being able to adhere to regulatory technical standards regarding security and functionality. Much like the General Data Protection Regulation, or GDPR , the European Union’s recently enacted online privacy regulatory regime, the new world is a work in progress, with the im

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.