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When it comes to online shopping, one of the greatest frustrations for consumers — and friction points for merchants — is having to manually enter credit or debit card information for each purchase. It’s no wonder that 78.9 percent of consumers today have account information stored online with at least one or more companies or service providers. In the latest Mobile Card Services Playbook , a collaboration with Ondot , PYMNTS surveyed more than 9,500 U.S. consumers to get a better understanding
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The FBI has announced a directive shift away from counterterrorism and toward fighting the increasing threats from cyber attacks, according to a report in The Wall Street Journal. The move comes amid an ecosystem of attacks from foreign countries, like Russia and its election meddling and China’s cyber attacks against U.S. businesses. The Navy also recently reported that it was under siege by Chinese cyber attacks, and FBI Director Christopher Wray said all 56 bureau field offices have open inve
Dozens of cybercriminal groups have found a home on Facebook , using the platform’s online marketplace to sell illegal services such as stolen credit card information, as well as account theft and spamming tools, according to Cisco Systems’ Talos security unit. “Over the past several months, Cisco Talos has tracked several groups on Facebook where shady (at best) and illegal (at worst) activities frequently take place.
A new blockchain association has been created to promote the adoption of the technology across the European Union. The group — the International Association of Trusted Blockchain Applications ( INATBA ) — officially launched on April 3 in Brussels and includes SWIFT, IBM, Ripple and around 100 other companies and organizations. As a European Commission initiative, INATBA is a “global multi-stakeholder forum” created to bring “industry, startups and SMEs, policy makers, international organization
Denmark has decided to ban 500-euro notes in an attempt to fight money laundering in the country. The decision was made despite a request by the European Central Bank ( ECB ) not to ban the note. But Danish authorities says that the bills’ use for criminal activities justifies the ban, adding that the ECB even decided to stop printing the notes in 2016 under the recommendation of the global anti-laundering organization Financial Action Task Force.
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
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FinTech has revolutionized the way traditional banks can implement and roll out new products and services to their customers, with banks’ complex infrastructures positioning “out-of-the-box” solutions as a competitive proposition for FinTech firms to offer their bank clients. Yet, not all financial services can — or should — be a one-size-fits-all tool.
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Three years ago, I wrote a piece in which I said Apple had become the kind of company that Steve Jobs once said he never wanted it to be: one that follows the lead of others. Jobs felt so strongly that he said he’d rather gamble Apple’s future instead of trying to one-up everyone else after the fact. Today, Apple seems to be gambling its future by doing just that: being like someone else, often years after others have led the way.
Out of the haze of uncertainty emerged a new mobile network, and from the new mobile network came new retail applications and experiences, all taking advantage of the faster speed of the technology, and the potential to reduce friction. So goes the imagined story of 5G , even though the narrative has barely progressed beyond the prologue. The mobile technology is moving from the realm of the possible to the world of the real.
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The legal cannabis market continues to reach new milestones, the latest being the launch of the industry’s first commodity trading desk — with the latest service provider highlighting the opportunity in addressing the more nuanced challenges of an unfamiliar, emerging market. Marijuana company Grupo Flor has rolled out its commodity trading desk to connect industry buyers and sellers, and facilitate the trade of raw materials, including the THC flower, THC trim, crude and distillate THC an
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