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NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. Founded in 2007 by Miles and John Perry, who serves as chief executive officer, Bluefin specializes in encryption and tokenization payment and data security. . Each $1 of fraud costs retailers $3.13. .

eCommerce 93

eCommerce Securities Compliance Technology 93

PYMNTS

OCTOBER 13, 2020

Shoppers may be quick to take their business elsewhere if these demands are not met, with 66 percent of respondents saying they had at least once given up opening accounts due to poor experiences. AI-powered digital solutions provider Jumio recently unveiled a platform solution intended to help eTailers with such security work.

Accounting 69

Accounting eCommerce Securities Leverage 69

PYMNTS

NOVEMBER 26, 2020

Social Security Administration, for example, requires recipients using its website to provide unique eight-digit codes sent via text to their smartphones in addition to their usernames and passwords when they sign up or log in. . A key facet of this shift has been an increased reliance on mobile phones.

Securities 69

Securities Leverage Retail Numbers 69

PYMNTS

OCTOBER 14, 2020

Retailers therefore have to determine the number of speed bumps their customers are willing to put up with as well as the special features they can offer to encourage shoppers to overlook these minor inconveniences. . That is something that can be used [in security efforts], depending on the specific issue or the resolution.” .

Securities 60

Securities eCommerce Accounting Retail 60

PYMNTS

NOVEMBER 27, 2020

Some are turning to virtual cards to keep their debit account numbers safe, providing shoppers with newly generated codes that can be restricted to work only when paying specific merchants or used just once before expiring. Firms are also prioritizing security as they transact online more heavily as well.

Securities 78

Securities Prioritization eCommerce Education 78

PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

Retail 87

Retail eCommerce Securities Accounting 87

PYMNTS

JUNE 5, 2020

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. The federal entity is charged with monitoring the U.S. Even if your products are not covered per FinCEN in the U.S.,

Securities 69

Securities Banking Leverage Accounting 69

PYMNTS

JANUARY 2, 2019

Online glasses retailer Warby Parker was hit by a cybersecurity attack that affected about 198,000 of its customers from late September to late November, according to reports. The hackers stole usernames and passwords and tried to access accounts. Retail hacking is a frequent problem for large companies.

Accounting 74

Accounting Securities Retail Numbers 74

PYMNTS

JUNE 24, 2020

Now, in addition to car and personal loans on behalf of retail and institutional investors, Zopa will introduce savings accounts this week, to be followed by the addition of credit cards later this year. He said this recent development is “a good validation of our strategy.”. million) to become a challenger bank.

Banking 86

Banking Securities Economics Retail 86

PYMNTS

SEPTEMBER 18, 2017

How secure do you feel when it comes to payments? Two-thirds of the more than 3,000 adults surveyed said they were concerned about data security, with 38 percent of respondents believing their private information may have already been exposed. As for blaming the retailer for any number of breaches?

Securities 61

Securities Compliance Numbers Accounting 61

PYMNTS

MAY 14, 2019

Japan’s Fast Retailing, the company that owns the Uniqlo retail chain, said that data from upwards of 460,000 customer accounts was compromised by hackers from April 23 to May 10, according to a report by CNBC. The news affected the company’s stocks, which dropped about 0.6 percent in afternoon trading in Tokyo.

Accounting 65

Accounting Retail Securities Planning 65

PYMNTS

OCTOBER 26, 2016

While it’s not uncommon for these Internet of Things (IoT) devices to be accessed by attackers looking for a stealthy way in, it’s also not uncommon for merchants to overlook these as a point of security vulnerability. to provide additional layers of security. Going Beyond PCI.

Securities 81

Securities Auditing Compliance Retail 81

PYMNTS

NOVEMBER 30, 2020

Fraudsters have redoubled their attacks on eCommerce channels, however, making consumers more concerned about data security. Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach.

Securities 60

Securities eCommerce Numbers Retail 60

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Also operating in the enterprise security space is Cequence Security, based in California. Contrast Security.

B2B 75

B2B Securities Investments Startups 75

PYMNTS

DECEMBER 20, 2019

To add protection from targeted fraud, automated attacks and botnets to its portfolio of application services, F5 will acquire fraud and abuse prevention company Shape Security. To drive maximum business value and the best experiences for their customers, these apps need to perform flawlessly while protecting data security and user privacy.

Securities 52

Securities Retail Accounting Banking 52

PYMNTS

FEBRUARY 17, 2020

Dallas-based busing line Greyhound is all too familiar with such problems, prompting it to implement advanced learning technologies to secure ticketing. Our number one goal was making sure that process was as frictionless as possible while making sure that we [offered] a fully secure process.”.

Securities 56

Securities Education Currencies Technology 56

PYMNTS

JANUARY 21, 2020

On average apartment rent rates have gone up about 36 percent in the last decade according to retail data firm Yardi Matrix , and in particularly desirable marketplaces like Denver, Austin and Seattle rents have gone up by more than 70 percent. The average security deposit in the U.S.

Securities 52

Securities Startups Numbers Accounting 52

PYMNTS

JUNE 9, 2020

In today’s top news, insurance tech startup Lemonade filed an IPO, and Affirm launched a high-yield savings account. Plus, retail dispute management firm Chargeback raised $6.6 JMP Securities, Oppenheimer & Co. JMP Securities, Oppenheimer & Co. Affirm Unveils High-Yield Savings Account. Lemonade Inc.,

Accounting 52

Accounting Healthcare Startups Retail 52

PYMNTS

MARCH 4, 2020

Clothing company J.Crew said an unknown hacker accessed some of its customers’ online accounts almost a year ago, according to reports. Online accounts also store order numbers, shipping confirmation numbers and shipment statuses.

Accounting 72

Accounting Numbers Securities Retail 72

PYMNTS

DECEMBER 17, 2018

17) that it will strengthen the security of its app after receiving several complaints from users about charges that were made in error. Bloomberg noted that PayPay has been questioned about the security of the app in the past. PayPay told Bloomberg it would address that security hole with the upgrade to the app.

Securities 63

Securities Numbers Accounting Retail 63

PYMNTS

MAY 31, 2017

Visa announced Tuesday (May 30) that it is rolling out enhancements to its Verified by Visa service, a global solution designed to make online purchases more secure by helping ensure payments are made by the rightful owner of the Visa account. As part of the upgrade, Visa said it was enhancing its systems to support 3-D Secure 2.0,

Securities 77

Securities Compliance Technology Retail 77

PYMNTS

JUNE 6, 2019

Changes in lease accounting standards have led top retailers and restaurant chains in the U.S. The lease accounting standard overhauls, led by the Securities and Exchange Commission (SEC), change the way companies report their lease commitments. Chipotle Mexican Grill Inc. saw its liabilities grow by one-third.

Accounting 43

Accounting Accounting Standards Auditing Retail 43

PYMNTS

OCTOBER 21, 2019

A major security flaw has been discovered in the Vatican’s eRosary smart device. The smart rosary, which retails for $110, comes with a support app. This vulnerability is very severe as it allows an attacker to take over the victim’s account and get his personal information,” he said in a message, according to CNET.

Securities 41

Securities Accounting Retail Numbers 41

PYMNTS

JULY 1, 2019

The financial services landscape is moving to upgrade existing payment infrastructures or create new systems to deliver faster and more secure payments. And, in retail, Unbound Merino could change the rules of hygiene with a line of clothing that can be worn multiple times, and design innovator Jony Ive is leaving Apple.

Securities 46

Securities B2B Retail Numbers 46

PYMNTS

AUGUST 9, 2019

In other security news, phone numbers can provide a treasure trove of information about a consumer who is trying to open an account with an online merchant, onboard to an online service or sign up for a new banking account. Merchants are scrambling as the strong customer authentication (SCA) deadline looms.

Securities 46

Securities Numbers Accounting Retail 46

PYMNTS

JULY 27, 2017

Security in the digital age is a goal for most retailers and consumers — and nearly everyone else in the business world. When it comes to personal information, especially data linked to payment accounts, the level of privacy and accuracy of security are key in keeping the retail world spinning. In other U.S.

Securities 49

Securities Currencies Retail Financial Data 49

PYMNTS

OCTOBER 3, 2019

Today in the payments news roundup, FinTech startup Brex is launching a business cash management account to take the place of traditional business bank accounts. Also, Saga, a financial company geared to individuals over 50, has linked up with Goldman Sachs consumer bank Marcus to offer two new savings accounts.

Accounting 43

Accounting Cash Management Securities Banking 43

PYMNTS

AUGUST 21, 2019

There was no direct, immediate indication that the technology — and this new advance — would have retail or payment implications anytime soon. Tighter security and authentication methods for digital IDs are necessary to lessen the magnitude of these breaches and hopefully stop them entirely. After all, more than 4.5

Retail 74

Retail eCommerce Technology Accounting 74

PYMNTS

APRIL 23, 2019

Businesses are facing greater pressure to provide robust, digital know your customer (KYC) checks and other security measures amid increased interest in mobile onboarding. And in retail, Dunkin’ and Starbucks are revamping their reward programs. In addition, the partnership between Kohl’s and ALDI might make sense by the numbers.

Securities 40

Securities Numbers Banking Retail 40

PYMNTS

JULY 24, 2020

and Canadian online grocery delivery service, blamed reused passwords for the recent account hacks that led to the theft of its customers’ personal data that landed on the dark web. Instacart advised customers to select unique, strong passwords for their accounts that they do not use on any other apps or websites as an extra precaution.

Accounting 75

Accounting Communication Numbers Securities 75

PYMNTS

OCTOBER 26, 2016

It’s been a busy 12 months since the last Money20/20, as new technologies and threats have disrupted the security space time and time again. Similarly, the continued steady global increase in the use of mobile devices helped fuel the development and release of new tools to security companies, as well as access to richer, deeper user data.

Securities 76

Securities Retail Technology Forecasting 76

CFO News Room

JANUARY 19, 2023

But questions remain about how secure and reliable it is when compared to traditional brokerages. These protections help safeguard investors’ funds and securities in the event of a brokerage firm’s failure or other financial losses. SIPC stands for the Securities Investor Protection Corporation. Is Robinhood Safe to Use?

Profit and Loss 130

Profit and Loss Securities Nonprofit Investments 130

PYMNTS

MARCH 1, 2019

shareholders over the scandal involving its bank employees opening up millions of unauthorized customer accounts. million fake accounts in the retail banking units. Last May, the bank reached a $480 million settlement related to a securities fraud lawsuit brought on by shareholders over the accounts.

Accounting 59

Accounting Banking Securities Retail 59

PYMNTS

AUGUST 18, 2017

Retailers are retailers, not security experts. Too often, their best efforts can create friction at the point of sale for consumers, which leads to shopping cart abandonment and lost revenue, all while feeding the illusion of “too much security.”. There’s never ‘too much’ security,” Grant said.

Securities 52

Securities eCommerce Sales Retail 52

PYMNTS

NOVEMBER 21, 2020

18) by The Century Foundation, two government programs authorized by the Coronavirus Aid, Relief and Economic Security Act (CARES Act) expire on Dec. So it’s good to see some major retailers giving back for the holiday. As to what long-term lesson in retail the very unusual 2020 season has to offer? That would cut 7.3

Retail 71

Retail Advertising Accounting Economics 71

PYMNTS

JULY 22, 2019

Retail trends and innovation can come from unlikely places, and that seems to be the case now when it comes to pets and CBD, two hot areas of commerce that are intersecting. alone by 2023,” with the pet market accounting for about 7 percent of sales. Not only that, but pet retail is gaining steam.

Retail 49

Retail Sales Accounting Banking 49

PYMNTS

DECEMBER 19, 2019

That’s because cameras are playing a much bigger role in retail, a trend that will keep gaining steam in the new decade. The Associated Press reports that cameras are, at least somewhat quietly, making inroads into a number of retail outlets in a bid to, well, get to know you. Security Cameras.

Retail 52

Retail Nonprofit Securities Sales 52