US commercial banks which favoured “high operational efficiency” in the first quarter of 2020 have reaped the financial rewards of their efforts, according to a report by Hoeg & Company. Out of the 50 most operationally efficient US commercial banks – taken from a pool of 4,465 – 62% landed an above average “businesses effectiveness” … Continue reading “Operational efficiency” report ranks US commercial banks Continue Reading
Amazon has launched a new Counterfeit Crimes Unit, which it wants to use to combat fake listings on its eCommerce site. The press release from the company says it will utilize a “global team, made up of former federal prosecutors, experienced investigators, and data analysts” in order to hopefully make sure no counterfeit item ever makes it onto … Continue reading Amazon Starts Crime Unit To Crack Down On Counterfeits Continue Reading
Sometimes an experience had by the right person can end up being the start of a sea change in an industry. Case in point, take the very recent tale of a Paytronix team member who one evening at a recently opened brewery and discovered a slight hiccup in their just introduced version of their contactless payments dining experience inside the dining room. … Continue reading How A Night At A Brewery Sparked A New Touchless Order To Pay Restaurant Experience Continue Reading
Stock markets are whipsawing. Bond yields, gyrating. Crypto? Bouncing around, to put it mildly. The pandemic has sent any number of investments tumbling, soaring, then tumbling again. The world feels less than stable, and so do investors’ cash flows, dividend and account statements. It makes sense, then, that at least some individuals would seek stability. … Continue reading Platforms And AI Are Powering Real Estate Investing’s Digital 3.0 Shift Continue Reading
Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour in 2019 for a total annual cost of $1.45 trillion in stolen funds. Fraudsters deploy an array of techniques with a variety of objectives, with some targeting funds directly while others go … Continue reading Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust Continue Reading
Global payments automation platform Tipalti says it has made mass, automated payments seamless for numerous popular online video game customers, according to a press release. Tipalti’s move is aimed at helping gaming companies avoid the fraud and risk of online commerce while enhancing their finances with modern solutions, said CEO and Co-Founder Chen Amit, according to the release. “Success … Continue reading Tipalti Teams With Video Game Firms On Mass Payments, AP Continue Reading
Disney may have thought reopening Walt Disney World in Orlando, Florida next month was a good idea. But as of Wednesday (June 23), more than 7,000 people had signed a petition to postpone the scheduled resumption of operations on July 11 as the number of COVID-19 cases is rising, Reuters reported. The petition was created by … Continue reading Disney Urged To Postpone Reopening Florida’s Walt Disney World Continue Reading
Asto will now be offering flexible loans for small- to medium-sized businesses (SMBs) on the Funding Options platform, according to a press release. The loans, according to the release, will be like Asto’s usual loans, with SMBs having control over how they use the credit limit and whether they repay in six or 12 months. The loans won’t incur … Continue reading Asto To Work With Funding Options As Lender Partner Continue Reading
Physical retailers are building digital bridges to alluring new hybrid experiences and adding value to recurring revenue offerings to keep the great reopening momentum alive. Low-tech and no-tech approaches can do wonders when building (or rebuilding) a customer base that’s been scattered all over the landscape by the pandemic. Panera Bread is doing just that, supercharging its … Continue reading Brands Bake Novel Subscription Strategies Into Their Reopening Plans Continue Reading
Financial services company ScaleFactor is reportedly closing down as the pandemic has taken away demand from its core small- to medium-sized business (SMB) clientele, Forbes reported. The firm had notched $100 million in funding in one year from notable investors, such as Coatue Management and Bessemer Venture Partners. Kurt Rathmann, founder and CEO of the company, told the outlet, … Continue reading SMB Accounting Automation Firm ScaleFactor To Close Continue Reading