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Month: October 2017
Real-Time Payments Network approved! What Is It?
DOJ Approves Creation Of Real-Time Payments Network The DOJ has approved a real-time payment network suggested by two dozen banks who want to provide faster payments to merchants using their merchant services. The DOJ wanted to make sure that this was not a move that would consolidate too much power in too few places and that there is no …
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Online sales boom, Walmart Expects 40% Increase
Walmart is Betting on Stronger Online Sales for 2018 In preparation for its annual investors conference, retail giant Walmart hinted at a future when the company will be a strong competitor to Amazon, the absolute global leader in online sales and ecommerce operations. Investors reacted very positively to the news, which included a projection by …
European Countries Trend Towards Cashless Societies
No Cash? No Problem in Europe In the United States and other countries around the Americas, “Cash Only” signs can still be found in many retail establishments; however, the opposite situation can be observed in Sweden, a country where hundreds of bank branches no longer accept or store cash deposits. Sweden is on track to …
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Retail isn’t Dying, it’s Evolving
The Retail Industry is Far from Dead For all the talk about how e-commerce has advanced to the point that online shopping has obliterated the brick-and-mortar experience, the evidence cited in this regard is tenuous at best. Those who believe that e-commerce will make shopping mall disappear will often mention the meteoric rise of Amazon …
Virtual Reality is Shaping Retail and E-commerce… Re-commerce?
What Virtual Reality Means for Merchants and Retailers The video game industry has already made the most out of augmented reality and virtual reality, two advanced technologies that were originally developed for military applications; has the time arrived for the retail and e-commerce sectors to embrace them? Augmented and virtual reality technologies, respectively known as …
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Heartland Payments Charging $299 EMV Non-Acceptance Fee
EMV cards have been in a talking point for the last couple of years. In 2015 card companies started switching over to EMV “chip” cards. Two years later we’ve all seen these cards, and probably have at least one by now. The chip side of an EMV card gets inserted into a credit card …
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Stocks and Bitcoin Battle for Millennials’ Investing Dollars
Though the high-profit potential of Bitcoin and other cryptocurrencies offers irresistible bait to that powerful under-36 demographic we call millennials, it’s not time to write the stock market obituary just yet. Popular stock market apps have made online trading of stodgy old Wall Street firms seem cool and new again. The truth is that …
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Whole Foods Data Breach
Whole Foods has been in the news lately due to its recent acquisition by Amazon, which brought about in-store discounts for Amazon Prime members. Unfortunately, not everything is peachy at Whole Foods: in late September, the grocery outlet suffered a large-scale data breach, in which several of its point-of-sale systems in their taprooms and …
Was I affected by the Equifax data breach? How do I protect myself?
Data Breach after Data Breach The chaos of the Equifax data breach has left nearly every American feeling violated and confused. Hackers stole Social Security Numbers, birthdates, addresses, driver’s license numbers, and credit card numbers. Now they can use this information to rack up charges, open new accounts, steal benefit checks, and more. Secure payment …
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Regulators Consider Shutting Down Wells Fargo
Calls to Shutdown Wells Fargo in Wake of Scandal Wells Fargo faces pressure from Congress and government regulators as allegations continue to surface about their business practices. The bank has admitted that they created millions of unauthorized accounts for existing customers. Senator Elizabeth Warren has called for the firing of Wells Fargo CEO Tim Sloan. …
Sonic Drive-In Hit With Major Data Security Breach
Protecting Yourself After the Sonic Drive-In Breach Customers who have recently been to a Sonic Drive-In may want to keep an eye on their debit or credit cards. The company recently reported that there was a breach in their merchant services system that resulted in the theft of debit and credit card information for five …
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Shake Shack Goes Cashless
How and Why Shake Shack is Opening Cashless Burger Joints Just when the world thought buzzers were the most cutting-edge ideas of the food industry, Shake Shack, a burger joint based in New York City, decided to try something different and innovative. They will be opening a cashless Shake Shack New York City at Astor Place …
Goldman Sachs Interested in Bitcoin Trading
Is Goldman Sachs About To Take The Plunge Into Bitcoin? Something as flashy and relatively new to the scene as Bitcoin may not be the first thing you would imagine a company like Goldman Sachs getting themselves involved with. However, they may yet still have a few surprises up their sleeves. Recently, Goldman Sachs has hinted at …