Wirecard has denied claims levied by the Financial Times that its subsidiaries were not audited, according to a report by Reuters. The FT, using a whistleblower as a source, said that Wirecard’s accounts in Card Systems Middle East in Dubai were not audited in 2016...
Former Federal Reserve Chair Janet Yellen says signs are pointing to a slowdown in business spending in 2019. “All the hard data that we have on economic activity suggests that things are in good shape,’’ Yellen said during the National Retail Federation’s annual trade show...
Onfido, the global identity verification company, announced Tuesday (Dec. 18) that it achieved 342 percent sales growth in 2018 compared with 2017 and that it has a four-year growth rate of 3,857 percent. In a press release, Onfido said 2018 was a landmark year for the...
A new report from Interactive Advertising Bureau (IAB) shows that the online advertising business continues to grow at double-digit rates. “This landmark figure cements digital advertising — whether display, search or mobile video — as one of the most powerful mechanisms of all time for...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest results from China’s massive eCommerce spectacular, and eBay’s new bid to get inside consumers’ homes. SoftBank sets its mobile unit IPO, U.K. retailers could get...
The World Economic Forum (WEF) revealed that cybersecurity, changing energy prices and the ability for countries to provide proper governance were among the largest threats businesses faced this year. According to new research from the organization, based on interviews with more than 12,000 business executives...
Mitek Systems, the identity verification solutions company, announced Monday (November 5) that its board of directors have unanimously decided to reject an offer from ASG Technologies Group, which is a portfolio company of Elliott Associates and Elliott International. In a press release, Mitek Systems said...
Lyft cracked the Top 10 of most frequently expensed U.S. business costs for the first time, reaching number six. According to data from Certify, the most used vendor in Q3 of this year was Uber, which held 11 percent of all transactions. Coming in second...
Anthem, the health insurance company, has landed Udi Manber, the Google executive who ran engineering for its core search products, as its new head of artificial intelligence. CNBC, citing people familiar with the matter, reported Manber will be in charge of overseeing the artificial intelligence group...