RealReal, a platform for luxury resale, said in an SEC filing that it fired 230 workers and shut down four locations last year in an effort to cut costs. This amounted to 7% of its personnel being laid off. Along with two more locations in Atlanta and Austin, the flagship stores in San Francisco and […]
The RealReal Closed Stores and Laid off Staff to Cut Costs Read More »
Visa has published the Biannual Threats Report for Fall 2023. It highlights emerging frauds and scams that threaten the economy on a global scale. The report suggests a significant increase in phishing scams, now backed by generative AI tools. This Visa report also points out an uptick in enumeration and ransomware incidents. Additionally, it outlines
Visa Report Highlights Scams Proliferating in 2024 Read More »
The convenience that new fintech tools offer is an important factor for user compliance, and that is why consumers in the United States are actively supporting them. To cater to these preferences, innovative payment options like P2P payment apps and autopay have become popular. One such platform, FedNow, was introduced last year with the aim
FedNow Service has 500 Plus Participating Institutions Read More »
SmileDirectClub, the D2C aligners company, has decided to shut down after filing for Chapter 11 bankruptcy protection. The announcement of the global operations winding down came abruptly, conveyed through a note on the company’s website on December 8th. This move follows closely on the heels of SmileDirectClub’s filing for Chapter 11 bankruptcy protection less than
What Happened to SmileDirectClub? Read More »
Fiserv Inc. has released its results for the quarter and the nine months ending on September 30, 2023. The Fiserv Q3 results reports the company’s revenue amounted to $4.87 billion showing substantial growth compared to $4.52 billion in the third quarter last year. The net income was reported as $952 million, which is an increase
Fiserv Reports Q3 Results, Revenue up 8% to $4.87 Billion Read More »
On Tuesday, card giant Visa Inc. announced that it exceeded expectations for fourth quarter profits. Dеspitе concеrns about an imminеnt еconomic slowdown and thе rising cost of living the results were solely based on the consumers embracing a post-pandеmic travеl rеbound. According to Visa’s CFO, Chris Suh, the recovery of inbound travel in the U.S.
Visa Q4 Earnings Surpass Expectations, Driven by Cross-Border Payment Volume Read More »
Shift4, a company that specializes in integrated payments and commerce technology has successfully completed the acquisition of Finaro. This marks an important step, towards expanding its influence in industries and different regions across the world. While the exact financial details of this acquisition have not been disclosed, it is estimated to be in the range
Shift4 Acquired Finaro Read More »
Apple’s Self-Service Repair program, introduced last year, is a revolutionary initiative that aims to democratize device maintenance and foster a culture of self-reliance among Apple product users. This groundbreaking program breaks away from the traditional model of tech support, putting the power of repair directly into the hands of consumers themselves. With the self-service repair
Apple Includes New Macs and iPhone 14 in Self-Service Program Read More »
The eCommerce market has been growing dramatically in the last few years, particularly during the pandemic. According to eMarketer, worldwide eCommerce sales exceeded $5 trillion for the first time in 2022 and are expected to climb past $7 trillion by 2025. Starting a business in centered around selling eCommerce products is more relevant than ever.
25 eCommerce Product Ideas to Sell Online in 2024 Read More »
The pandemic has been harsh on our financial infrastructure and has brought sea changes in the fintech industry. Fintech companies started coming to the forefront since the previous year, helping to shape digital payments. In the previous year, people have taken to online shopping in large numbers, and today, almost every buyer is looking for
Hot Fintech Trends Emerging from the Pandemic [2023 Update] Read More »
Individuals who have wined and dined at theme restaurants such as the Bubba Gump Shrimp Company and the Rainforest Cafe at least once since 2016 may want to review their credit and debit card statements. According to a notice posted by restaurant giant Landry’s shortly after New Year’s Day, hackers were able to inject malware
Hackers Steal Credit Card Data at Major Seafood Restaurant Chain Read More »
It feels like a never-ending race and a battle to one-up one another: the battle against fraudsters. While the equipment we have to detect and prevent these fraudsters has been improving substantially over the previous decade, fraudsters always seem to find a way to get through eventually. One of the latest tactics is synthetic identity
What Is Synthetic Identity Fraud? Read More »
Of all regions in the world, the Caribbean may seem one of the least likely to officially adopt digital currencies, but that is exactly what has been taking place this year. In October 2019, the Eastern Caribbean Currency Union launched a pilot program to turn the EC dollar into an electronic form of cash, which
The Sand Dollar is a New Caribbean Digital Currency Read More »
On December 19, the cyber security firm Fox-IT, which is headquartered in the Netherlands, reported that they discovered a previously-unknown infiltration of managed service provider and government computer systems in at least 10 countries, including the United States, Mexico, Brazil, the United Kingdom, France, Germany, Italy, Portugal and Spain. These systems covered a wide range
Chinese Hackers Were Successfully Able to Bypass 2FA Read More »
The numbers are in for the 2019 holiday shopping season, the final one of the decade, and retailers were pleased to learn that overall sales increased by nearly 3.5% compared to last year. Starting on Black Friday and culminating with last-minute shopping on Christmas Eve, retailers were definitely in the black this season, and this
Plenty of Cheer During the 2019 U.S. Holiday Shopping Season Read More »
Earlier this month, a huge database containing Facebook user IDs and phone numbers of 267 million members was breached and exposed, where it was then left on the web for almost two weeks before finally being removed. According to security reasearcher Bob Diachenko, who discovered the unsecured Elasticsearch dabatase along with Comparitech, it may not
Facebook Users’ Phone Numbers Exposed Online Read More »
Just one week before Christmas, the Competition and Markets Authority of the United Kingdom made an announcement that may have played a part on shares of Alphabet, the parent company of Google, losing nearly 3% on the Nasdaq. Usually, announcements related to information security issues tend to have an immediate effect on company stock, but
Google Comes Under Scrutiny for Acquisition of Cloud Data Science Firm Read More »
Back in June of this year, PayPal made the announcement that COO Bill Ready would be stepping away from his long tenure at the online giant, and we now know precisely why. This coming January, Ready will be stepping into a new role with Google as their new commerce chief, a position from which he
Former PayPal COO is New Google Commerce Chief Read More »