MoneyGram settles with FTC For $125M, Facebook ships Portal amid privacy concerns, Pay Day goes real time

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November 9, 2018

Retail Innovation Readiness Index

Retail Innovation Has Changed — Can SMBs Keep Up?

Consumer loyalty and payments help drive retail innovation, but the innovation can cause businesses growing pains. Despite technology that can help ease the burden, not all businesses have the skills or confidence to improve their retail and payment processes — and that can mean trouble down the road. Karen Webster and AEVI CEO Mike Camerling dig deep into the new Retail Innovation Readiness Index’s results for a discussion that covers clearing the hurdles to profitable innovation.

 

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Alt Lending

Bread: Why The Early Financing Offer Catches The Conversion Worm

Offering financing to consumers can be a tremendous marketing and customer retention tool for retailers that do it right. Bread CTO and Co-Founder Daniel Simon tells PYMNTS that the trick is to ensure consumers know about financing — and whether they can use it — long before they get to checkout. It can be the difference between filling a shopping cart and nailing a sale or accidentally driving a customer away to a competitor.

 

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Payroll

Will Waiting For Pay Day Soon Be A Thing Of The Past?

Waiting for wages is a common agony among American workers — 75 percent report living paycheck to paycheck. However, the age-old interminable wait may be fading into memory, with an increasing number of employers adopting instant payments. Given the overwhelming support among workers for faster and instant payments, it may be a change that’s inevitably on its way toward mass adoption.

 

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Omni Security And Authentication Report

TRENDING: Neiman Marcus On Why AI Isn’t Enough To Outsmart Cybercriminals

Cyberattacks targeting retailers have more than doubled in the last year, leading merchants to invest in AI and machine learning to protect customer data. While they can be powerful weapons, Shamoun Siddiqui, Neiman Marcus’ VP and chief information security officer, says merchants need to do more to protect themselves. In the latest Omni Security and Authentication Report, Siddiqui weighs the costs and benefits of using AI for cybersecurity, and explains how Neiman Marcus is trying to outsmart cybercriminals.

 

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