Sat.Mar 26, 2016 - Fri.Apr 01, 2016

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Kim Kardashian Sues Amazon, MasterCard, Lucova Over ‘Selfie Pay’ Tech

PYMNTS

Perhaps put in a litigious mood by the lawsuit recently filed against her and her sisters, Kourtney and Khloé, by Hillair Capital Management for the trio’s alleged failure to promote the “Kardashian Beauty” makeup line — and/or worried that she’ll need to bring in some extra money to pay for the $180 million in damages being sought therein — Kim Kardashian West has gone on the legal offensive in a completely unrelated manner.

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Jason Miller to Speak at IMTA’s 2016 Spring Transportation Summit

Katz,Sapper&Miller

Jason Miller, a partner in Katz, Sapper & Miller’s Transportation Services Group, will lead a discussion on lease accounting updates at Indiana Motor Truck Association’s (IMTA’s) 2016 Spring Transportation Summit.

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Loan Company Employee Got $400K From Stolen Identities

PYMNTS

A loan company employee has pleaded guilty to stealing identities of several customers and fraudulently seeking $400,000 in tax returns. According to court documents , Montgomery, Alabama resident Wendy Huff, who worked at two different insurance companies between January 2013 and August 2015, stole personal information of her employers’ customers, including their names, social security numbers and dates of birth.

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Solange Taps BigCommerce For Saint Heron Site Relaunch

PYMNTS

If Beyoncé and Jay Z ever see their musical careers go in the tank (they won’t), at least now they have their own music streaming service to fall back on for day jobs. On the other hand, Solange — Beyoncé’s sister — has to make her eCommerce venture work without the luxury of a few Billboard charting tunes. That’s the mission behind the relaunch of Solange’s online store for her Saint Heron fashion line, which aims to incorporate diversity into every design it sells.

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How to Build the Ideal HR Team

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.

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The Fastest Path To Faster Payments In The US

PYMNTS

The path to faster payments in the U.S. doesn’t have to be paved with a 500+ person task force analyzing what the world would look like if we were starting from a clean sheet of paper, competing propositions for who’s going to build and operate a new set of rails, or even what sort of spiffy software can make existing rails faster. Instead, we could do something right away — or almost right away — that would make payments between consumers and businesses faster.

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Malware Strikes Merchants Behind The EMV Curve

PYMNTS

Cybersecurity firm FireEye warns of the dangers that custom-built malware poses to retailers due to its ability to capture payment card details directly from retail point-of-sale (POS) systems. In an article posted to its research blog on Monday (March 28), FireEye warned about the POS malware called TREASUREHUNT that it said is designed to enumerate running processes, extract payment card data from memory and then transmit the stolen information to a command and control server.

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More Trending

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Bitcoin Payments Go NFC

PYMNTS

“There exists a bizarre gap in today’s state of financial services.” That’s the philosophy of Shake, a new startup in the bitcoin world that is (unsurprisingly) trying to pitch a payment method that doesn’t involve banks, governments or regulators. Instead, its latest product rollout is all about making bitcoin and digital currency payments easier to make.

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Why Are Half Of Millennials Still Using Print Coupons?

PYMNTS

First, video killed the radio star. Then, CDs, MP3s and the iPod caused the death of their predecessors. From the 1990s to the mid-2000s, it seemed like the future of music was directly headed for increasingly smaller players in increasingly intangible formats. But just when the last iPods started giving way to entirely online streaming services, millennial audiophiles suddenly fell back in love with vinyl records — a music format they never even knew growing up.

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Retail Sector Layoffs On The Rise

PYMNTS

The jobs picture in the U.S. is less than inspiring, according to new figures released by Challenger, Gray & Christmas yesterday (March 31). According to the report, the good news is that layoffs were down nearly 22 percent from February. The March total of 48,207 layoffs is the lowest since December 2015. The bad news is that the totals were up 32 percent from the same time in 2015, making last month the fourth in a row in which the year-over-year total has increased.

Retail 44
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Pop-Up Shops Show The Flexibility Consumers Want

PYMNTS

A decade ago, Etsy was the only way that some small-scale crafts makers and artisans could participate in the eCommerce world. Now, however, the pop-up shop is quickly enshrining itself as the preferred way for emerging brands to bring their wares quickly and efficiently to market. The New York Times has the story of how several brands with small-to-nonexistent physical footprints are using the phenomenon of the pop-up shop to make big waves in areas only traditional retail proved able to until

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Planning Your Restaurant's 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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Blockchain’s Next Trillion-Dollar Market

PYMNTS

The march toward bringing blockchain to new applications and services continues. As The Wall Street Journal reported Tuesday (March 29), Depository Trust & Clearing Corp. (DTCC), which WSJ said is “at the center of Wall Street’s trading infrastructure” and which settles trades in various financial markets, is looking to see if blockchain can be used in conjunction with the repo market, which is worth about $2.6 trillion.

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How Citi’s New Costco Card Stacks Up

PYMNTS

Costco’s customers will soon have their Citi co-branded credit card in hand. Citi announced late last week that the cards would begin shipping in order to replace the American Express cards that will end as part of the relationship between Amex and Costco ending over the next few months after a 16-year relationship. Dubbed the Costco Anywhere card, Citigroup said cardholders do not need to do anything special to have the card arrive.

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March Madness: Mobile-Payments Style

PYMNTS

March Madness meets payments. Sort of. March Madness is all about busted brackets – this year anyway – and how the players who take the field help their team get to The Final Four – and then the National Championship. And the bragging rights that go along with it. Putting together those busted brackets, however, means poring over the stats and facts associated with the various players who take the field.

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Fraud Prevention: Don’t Worry – Be Happy?

PYMNTS

“Stealing an identity has never been easier than it is today, and it will be even easier tomorrow. That’s why fraud is always about identity.”. That’s Michael Reitblat, the CEO of Forter, a fraud prevention platform whose business is designed to make it harder for fraudsters to use those easy-to-come-by identities at a merchant. But just because the fraudsters have an easier time than ever picking off the identity of consumers at will, his advice to merchants is to basically just chill. &#

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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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Fact Check: Is EMV Pushing Fraud Online?

PYMNTS

The Ripple effect of EMV. Yep, it’s real. According to Rurik Bradbury, VP, Identity Solutions at TransUnion, as more stores start accepting chip-enabled cards, the spike in online fraud has been remarkable – as in remarkably bad. . It shouldn’t come as any big surprise. As our lives become more digital by the day, our digital footprints grow, as does the possibility for compromised identities and security hacks.

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Millennials Tap Facebook For eProcurement

PYMNTS

The younger the procurement official, the more likely they are to migrate towards digital channels, like websites and social media platforms, to source goods and services for their companies. That’s according to new research from Sacunas, which found that a new generation of professionals is shaping the evolution of eProcurement. A survey released by the company on Thursday (March 24) found that, at one-third of the businesses surveyed, millennials aged 20–35 are the sole decision-makers when it

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Late Payment Patterns, Procurement Via Facebook And The Paper Check Addiction

PYMNTS

Late payments are a headache for suppliers, but the stats that surfaced this week suggest that the cost benefits of delaying payments are too good to pass up for corporate buyers — that or buyers themselves are struggling to pay their bills on time even if they wanted to. Plus, new research uncovers just how vulnerable employee information is to corporate hackers, why businesses aren’t interested in moving on from checks and how millennial procurement officials are tapping into Facebook to sourc

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New Research Highlights Online Fraud Spike Tied To EMV

PYMNTS

This week, PYMNTS, in collaboration with Socure , released the March edition of the PYMNTS.com Digital Identity Tracker TM , featuring all new research surrounding the increase in online fraud fueled by the increase in EMV card chip tech adoption. The Digital Identity Tracker, a forum for framing and addressing key issues and trends in fraud and identity protection, surfaces several new data points that speak to the evolution in the market.

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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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Why Chocolate Melts eCom’s Heart

PYMNTS

Though brick-and-mortar retailers might disagree, eCommerce is supposed to make things simpler. Without the need to pay as much in overhead or labor, profits should soar, right? Well, if the online merchant in question is trying to make billions off of chocolate products, it might be near-impossible unless big changes are made. The Wall Street Journal explained that chocolate peddlers have found themselves in a sticky situation as the average consumer’s preference for online orders has gro

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How Did Chinese Phishers Get $3M From Mattel? They Asked

PYMNTS

The media is obsessed with the word “hacker.” It’s become something of a digital boogeyman, conjuring up images of hooded teenagers bent over keyboards in rooms full of computers and their constituent parts. When one of their elusive number strikes at the corporate world, their skills are discussed in nonspecific and vaguely threatening terms — they bypass, they slip through, they disable security systems.

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When Hitting ‘Buy’ Means Bye-Bye

PYMNTS

[link]. What could possibly get in the way of a sale once a consumer has loaded up her virtual shopping cart and hit “buy?” At that point, the promise of a sale should be more or less like the set-it-and-forget-it RonCo oven of online retail – sit back and count the sales that roll in. After all, the hardest part is getting the consumer to the site?

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Verizon Enterprise Customer Data Hacked

PYMNTS

The enterprise unit of telecommunications company Verizon continues to deal with the fallout of hackers posting its customer contact data for sale online. According to Krebs on Security , Verizon Enterprise Solutions is aware that a seller on an underground cybersecurity forum advertised the sale of a database containing data from nearly 1.5 million of its customers for $100,000 or sections of 100,000 records for $10,000 each.

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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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Retailers Want Fed To Revisit Debit Swipe Fees

PYMNTS

Merchants are preparing a new battle in the seemingly never-ending debit-card interchange fee wars. A quick refresher for readers who thought that was all won and done. The Durbin Amendment to the Dodd Frank Act required the Federal Reserve to limit debit swipe fees to a level that was “reasonable and proportional” to the actual cost of processing a transaction.

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Fed Says Mobile Banking Usage On The Rise

PYMNTS

Banking on mobile devices is continuing to grow in popularity. The Federal Reserve released the results of a survey on Wednesday (March 30) that showed 43 percent of adults used their phones for financial activities, a number that has steadily increased. The number of survey respondents who said they use mobile banking features rose by 4 percentage points over the survey in 2014, The Wall Street Journal reported, showing that interest in capabilities like mobile payments and being able to check

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Walmart’s Feeding America Campaign Encourages Omnichannel Giving

PYMNTS

Walmart isn’t exactly synonymous with humanitarian efforts, but in the age of socially conscious consumers and brand activism, it might just be good business to fight hunger with everything the multinational retailer has got. From today until April 25, at least, that’s exactly what Walmart will be doing. The retailer announced Monday (March 28) that it’s kicking off a campaign called “Fight Hunger.

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Where The Distributed Workforce Meets The Distributed Ledger

PYMNTS

The future of bitcoin is a bit shaky. While fintech innovators have instead turned towards the underlying technology of the cryptocurrency – blockchain and other distributed ledgers – bitcoin as its own currency is unlikely to take off like some once thought it would. Earlier this year, the reputation of the bitcoin took its latest hit when developer Mike Hearn, well-known in the cryptocurrency community, deemed bitcoin a “failure” and “on the brink of technical collapse.”.

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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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Trader Joe’s Coming Price Cuts

PYMNTS

Could the price war between Whole Foods, the once notoriously expensive grocery chain (oft referred to by critics as “Whole Paycheck”), and notoriously inexpensive outlet Trader Joe’s be heating up? It appears — hold on to your organic heirloom tomatoes — that may be the case. As shared by Yahoo Finance , a recent analysis conducted by Deutsche Bank, in which the prices of 77 items were compared between the two stores, found that Trader Joe’s had widened the gap to 26 percent between its and Who

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Shell Pumps More For Less With IoT

PYMNTS

In a culture that glorifies and relies so heavily upon the personal automobile, it shouldn’t be so surprising that gas prices are employed by pundits, alternatively, as scapegoats for low retail sales or as a bellwether for impending upturns. Just about every update on monthly retail sales will include a comment on the general state of the cost of a barrel of crude, and the recent months-long slide in the cost of gasoline might as well have been a holiday among the poor journalists coverin

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ProPay Teams To Help Companies Battle Fraud

PYMNTS

TSYS’ ProPay has paired up with InfoTrax to help direct selling companies battle fraudsters by integrating ProPay’s Guardian CyberShield fraud detection and protection service into its DataTrax back-office software. Because Guardian CyberShield offers a comprehensive layered payment fraud solution to stop fraudulent transactions, this enables companies to reduce chargeback costs.

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Samsung Pay Launches In China

PYMNTS

Apple Pay’s competition in China just got a bit steeper, as Samsung has officially rolled out Samsung Pay in the region. Samsung announced the launch of its mobile payments service that is now available through a deal with China UnionPay — the same method Apple used to bring its mobile payments option into market. But Samsung may have an edge that Apple doesn’t.

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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.