PYMNTS

JULY 25, 2016

Will discount grocery stores like ALDI, Costco and Sam’s Club soon be facing some serious competition? Well, that’s what LogicLane , a new startup that offers discount wholesale groceries on its eCommerce marketplace, is certainly hoping. LogicLane recently opened its online marketplace to consumers and businesses after first beta testing it with an invitation-only period and can now connect customers to everything from a box of cereal to an entire pallet of cases of cereal boxes (the company is

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Pennsylvania Retail Technology Manufacturing 54

Katz,Sapper&Miller

JULY 28, 2016

After months of astounding valuations and a wealth of funding, venture capital (VC) investments in New York have declined – by some reports more than 40 percent. While the amount of money being invested and the number of deals have declined, it does not mean that investments are not occurring.

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New York 40

PYMNTS

JULY 27, 2016

Who isn’t familiar with rewards programs that incentivize consumers to become more eager c ustomers? But one company has devised a rewards program that aims to go even further. Gregory Simon, CEO of “The Internet of Loyalty” platform provider, Loyyal Corporation, recently checked in with Karen Webster to discuss the company’s work with the Dubai government on the Dubai points program — a tourism incentive program that is expected to roll out in August 2016.

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PYMNTS

JULY 27, 2016

The search for inflation hedges and stability of purchasing power in a world of hyperinflation has led some in Venezuela to turn to the digital currency known as bitcoin. The state of “economic emergency,” as it has been termed by some observers and officially by President Nicolás Maduro, is so acute that the International Monetary Fund has estimated that the inflation rate could be as high as 480 percent this year and grow to as much as 1,640 percent next year.

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Legal 46

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JULY 29, 2016

Anonymous is the name of bitcoin’s game. But Europe might like to make it less so. T he European Commission would like to create a central database of digital currency users to prevent terrorist financing and money laundering – for the obvious reasons. The regulators there would like to establish a central database by June 2019 whereby, “obliged entities need to collect, process and record personal data, and sometimes to share such data with public authorities (such as FIUs) or with private

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PYMNTS

JULY 27, 2016

The three largest banks in Australia – National Australia Bank, Commonwealth Bank of Australia and Westpac Banking Corp – have partnered up to lodge an anti-trust application with regulators in an attempt to collectively negotiate with Apple over whether or not their own in-house electronic payments apps can be set up to run properly on an iPhone.

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Technology 44

PYMNTS

JULY 26, 2016

Invoice mistakes are costly. For many organizations, errors across the accounts payable and accounts receivable processes can range from mismatched data between invoice and purchase order to misstated prices, often attributed to manual data entry. And for most businesses, these errors lead to time and money spent on the resolution process. Other times, misinvoicing is the work of cybercriminals against individual firms.

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accounts payable Tax Account accountant 44

PYMNTS

JULY 26, 2016

Because many nonprofit organizations fundraise at fairs, races, roadside stands and other on-the-go locations, cash has long been their only acceptable method of payment. As a growing number of consumers abandon paper currency for cards and digital solutions, however, many charities are looking to cash in on more advanced payment methods. This means expanding beyond their cash-only roots.

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PYMNTS

JULY 24, 2016

As the old saying goes, “virtue is its own reward.” These days, though, it seems like shopping itself may be its own reward. Businesses of all kinds are racing to reward customers for their loyalty with gift cards, sales and other offers. But businesses aren’t the only ones looking to reward customers. Often, it’s also friends and family members wanting to present tokens of appreciation.

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PYMNTS

JULY 27, 2016

Venmo, the PayPal-owned company that started out enabling payments person to person, moved several new features out of beta on Tuesday (July 26), opening them up to all Venmo users. Venmo said in a blog post that the new feature, which it had been testing for about six months, will enable its customers to conduct transactions and share the bill on the apps of participating stores.

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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

JULY 27, 2016

Credit card fraud complaints in the U.S. saw the biggest increase in 10 years in 2015, with the number rising by 41 percent. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. The significant jump in complaints, also a record number for complaints submitted to the Federal Trade Commission, are predicted to worsen in the future.

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PYMNTS

JULY 29, 2016

It’s official. Mobile is a shopping force. UPS’ Pulse of the Online Shopper Survey found that 44 percent of online purchases are made on smartphones. It’s also problematic. Mobile is setting the bar for all of the omnicommerce retail experiences to follow. Yet mobile phones are but one of many omni-endpoints that a merchant must be prepared to support in an increasingly tech-driven consumer-centric shopping experience.

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PYMNTS

JULY 28, 2016

Credit cards come in all sorts of flavors, from low interest ones to cards that reward you for shopping or traveling. But while variety is the spice of life, a new survey by Citi finds new credit card shoppers largely care about one thing: the rewards. In a report looking at the 2016 Citi Cards Consumer Perspectives Study, Citi found 67 percent of survey respondents said having a rewards program is the biggest reason to choose a specific credit card.

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Entertainment 43

PYMNTS

JULY 28, 2016

It may seem like ages ago, but back in 2009 the iPhone, along with other fast-moving technologies, was taking the world by storm and changing various industries in its wake. That same year, MoneyGram CEO Alex Holmes was just settling into his new role as senior vice president of Corporate Strategy and Investor Relations. MoneyGram, a long-standing fixture in the money transfer and remittance landscape, was, at that time, a largely physical network.

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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

Technology

PYMNTS

JULY 26, 2016

LVMH (Louis Vuitton Moët Hennessy ) and G-III apparel have come to a final agreement on Donna Karan International, parent firm of both Donna Karan and DKNY. The transaction’s total values will clock in at $650 million with customary adjustments at closing. The deal is expected to be done by the end of 2016 or by early 2017. This marks the second big sale in LVMH’s nearly 30-year history, the first being the sale of Christian Lacroix in 2005.

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PYMNTS

JULY 27, 2016

Elo , the Brazilian card brand, announced on Tuesday (July 26) it has conducted its first transaction outside of the country. The transaction with the Elo card was in the U.S. on the Discover Global Network , and the company said it shows the card is being accepted in the U.S. “Brazilians continue to increase their international travel, and we are excited to help them make purchases while traveling in the U.S. and elsewhere throughout the world,” said Diane Offereins, president of payment servic

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PYMNTS

JULY 27, 2016

When asked to name a cutting-edge automotive innovator, most consumers won’t immediately point to Buick. But now, the brand – more often associated with nostalgia than innovation – is looking to change that through the power of IoT. For July’s Internet of Things Tracker, PYMNTS caught up with Dave Spencer, Buick’s Advertising Manager, and Rick Martinek, Senior Marketing Manager for Global OnStar, to discuss the venerable automaker’s connected car endeavors.

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Start-ups Retail Technology Maine 43

PYMNTS

JULY 26, 2016

The final gate has been cleared for the Ahold-Delhaize Merger, as the FTC has officially signed off on the deal that will create the fourth largest grocery company in the United States. Delhaize, the current owner of Food Lion (among other grocery chains); and Ahold, current owner of Stop&Shop, completed the $29 billion merger shortly after receiving regulatory clearance by the FTC.

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JULY 29, 2016

Fraudsters have come a LONG way. If you have an image in your head of the solitary hacker sitting in a dark, dingy basement typing away at a computer, then think again. The cybercriminals of today are organized, collaborative, motivated and tend to look and operate more like any business professional out there working today. Don Bush , VP of Marketing at Kount , recently joined Karen Webster for a live digital discussion on what fraudsters are up to these days and how they perfect their trade.

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PYMNTS

JULY 28, 2016

The U.K. alternative lending space is broad, with new entrants frequently stepping in. According to data from the Liberum AltFi Volume Index U.K. , marketplace lending in the country hit £286.7 million (about $377.3 million) worth of loan originations in the month of June alone. It represents a 32.4 percent growth from June 2015, the third-largest monthly growth spurt recorded on the index.

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PYMNTS

JULY 26, 2016

Any retailer who has not already invested heavily in a mobile-friendly interface and in-house app might be wishing they had. Demandware, an eCommerce software provider, claims that “ mobile-first” is long gone, and we are now “on the fast track to mobile-only.”. Demandware’s latest data shows the power of mobile , and the numbers don’t seem to imply a passing fad. 300%| The increase in revenues from mobile shopping in the last three years. 85% | The increase in the use of an in-house app

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Retail 42

PYMNTS

JULY 29, 2016

While computer breaches and malicious emails are commonplace online, when it comes to bitcoin, it can also be dangerous offline in the real world. According to a report , a man in Florida was allegedly robbed at knifepoint while trying to sell $28,000 in bitcoin. The 32-year-old resident of Lake Worth, Florida, Steve Manos, set up a meeting with two people in West Palm Beach to sell the bitcoin for cash.

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PYMNTS

JULY 28, 2016

A recent study reveals that smartphones narrowly beat computers as the top eCommerce traffic source in the first quarter of this year, as reported by Bloomberg. According to the study by eCommerce software provider Demandware, smartphones accounted for 45.1 percent of Web-shopping traffic, besting computers at 45 percent in the first quarter of 2016.

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PYMNTS

JULY 27, 2016

The edge mid-sized and community banks have historically had on the big guys is that they put a face to banking. For small and medium-sized business owners, that personal touch may be the factor that leads them to choose their local branch over a major, multinational financial institution. Today, though, FinTech has changed the game, and new customer demands could be taking away community banks’ leg-up on their largest peers.

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PYMNTS

JULY 29, 2016

Do you know the fastest-growing industry in retail right now? What about the largest retail industry at the moment? That’s a trick question, because, according to information released by the U.S. Census Bureau in 2015, the answer to those questions were one and the same. The restaurant industry became the largest retail sector in 2015, surpassing grocery store sales for the first time ever and claiming 15 percent of all retail purchases in 2015 (grocery stores came in at 14 percent last year).

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PYMNTS

JULY 25, 2016

The competition in the cybersecurity landscape may be getting ugly. ZDNet reported late last week that five employees from U.K.-based cybersecurity firm Quadsys admitted to hacking into the servers of a rival company. After a string of hearings, the staff members pleaded guilty to the accusation that their unauthorized access was aimed at stealing customer data and pricing information.

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JULY 23, 2016

In 1918 a journalist named Robert Ripley animated a panel of “amazing facts,” most of which were about sports. Hence the name, Champs and Chumps. By 1932, Ripley’s little comic had grown into something of an American institution with 80 million syndicated readers nationwide and a staff of two men who spent 12 hours a day in the New York Public Library looking for interesting facts for Ripley to bring to the people.

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PYMNTS

JULY 28, 2016

Amazon Launchpad announced on Wednesday (July 27) that it was launching a “Kickstarter Collection” feature , where customers could shop for more than 300 products crowdfunded on the Kickstarter platform in “one convenient place,” including everything from virtual reality headsets to “smart” herb gardens. Startups featured on Amazon’s Kickstarter Collection include Piper, Zivix, Prynt, MudWatt and many more.

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Gaming 41

PYMNTS

JULY 28, 2016

So, what’s the difference between the average United States and United Kingdom shopper ? Not too much, apparently. At least, that was the findings of a new study by L2 , an intelligence firm that studies the performance of digital brands, which found that brands on both sides of the pond are turning to digital channels like never before to “differentiate” themselves amongst a growing market of consumers and competitors.

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PYMNTS

JULY 29, 2016

There are four factors driving the growth of the outsourced procure-to-pay market, according to a new report released by Technavio this week. According to Technavio, the need to cut costs in the procurement process, modernizing indirect procurement processes, managing risk and automation are behind the forecasted 15.77 percent compound annual growth rate expected for this industry between 2016 and 2020.

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