Fraudsters defraud. It’s their job, just as it is for the equally committed army of digital warriors who are paid to combat them. In the middle, there are victims, both consumers and businesses, who are targeted in new ways every day and everywhere. In examining...
Athletic wear brands looking to win consumers’ direct digital loyalty are turning to membership models. Athleisure retailer Lululemon shared Thursday (Dec. 8) in its third quarter 2022 financial results that its direct-to-consumer (D2C) revenue increased 31% year over year, accounting for 41% of total saels. “Our...
The U.K. government will bring forward a CBDC consultation “in the coming weeks.” The revelation was made by the Chancellor of the Exchequer Jeremy Hunt in a written statement to parliament on Friday (Dec. 9). The consultation will “explore the case for a central bank...
DoorDash breaks its perfect score streak in December’s edition of PYMNTS’ Provider Ranking of Aggregators. The ranking leverages a proprietary combination of publicly available information as well as app usage data to which PYMNTS has access to evaluate which aggregators are winning the game and which...
Moove has raised $30 million from a sukuk issuance to fund its entry into the UAE market. The Nigeria-borne vehicle financing platform announced the raise, which will be its first such issuance, in a press release on Friday (Dec. 09). A sukuk, sometimes known as...
Consumers spent more in the restaurant, fuel and convenience, and grocery sectors in November. Those sectors were the big winners during a month in which U.S. retail sales — excluding automotive — rose 8.1% year over year, according to a press release about the latest...
Indian eCommerce retailer Snapdeal has reportedly halted its planned initial public offering (IPO). The firm filed papers for an IPO in December 2021 but changed its mind after seeing the drop in the valuations of technology companies in the stock market that has happened since then, Reuters...
Fake medical documents and fabricated “evidence” are two new schemes being deployed by ransomware groups. Krebs on Security reported Thursday (Dec. 8) that these schemes are being deployed by groups that have had trouble getting paid via other ransomware methods. In one new scam, healthcare...
In a declining market for home furnishings, RH is targeting upscale buyers. RH Chairman and CEO Gary Friedman said Thursday (Dec. 8) during a quarterly earnings call that the luxury lifestyle retailer continues to reject the discounting that is common in the industry. He said that while the company...
