They call it “pig butchering.” A scammer spends time getting their victim’s confidence and trust to convince them to set up cryptocurrency accounts in an effort to eventually steal their assets. And as the U.S. Consumer Finance Protection Bureau said Thursday (Nov. 10), it’s one...
Amazon is evaluating its Alexa business as the company joins other Big Tech firms in making cost-cutting measures in the face of an economic downturn. That’s according to a report Thursday (Nov. 9) by the Wall Street Journal, which cites internal Amazon documents that show...
For the fourth consecutive month, inflation slowed in October and while the market reaction happened instantly, data and history suggest the consumers’ response will be much slower and far less impulsive. Officially, The U.S. Bureau of Labor Statistics reported overall inflation fell to 7.7% in...
Sally Beauty Holdings, a retailer and distributor of hair color and care products for both consumers and salon professionals, is working to optimize its footprint by consolidating its stores and distribution centers while continuing to serve its customers via its omnichannel capabilities, the company said...
South Korean eCommerce platform Coupang reported its first-ever profit Wednesday (Nov. 9), a landmark the company attributed to its investments in technology. “We achieved another milestone this quarter, delivering record net income of $91 million across the entire business,” said Coupang Chief Financial Officer Gaurav...
With its customers increasingly shopping online and demanding same-day services, Target has decided it’s time to grow. The retailer’s remodeling plans will focus on larger format stores that will include new design elements. At almost 150,000 square feet, these stores are 20,000 square feet larger...
Lawmakers in Europe have voted to finalize legislation that places tougher cybersecurity rules on financial firms. The European Commission voted 612-18 to adopt the Digital Operational Resilience Act (DORA), CoinDesk reported Thursday (Nov. 10). DORA is “a cornerstone of our work on digital finance in...
Winter gifting holidays are as important in Latin America as anywhere, and online retailers want to tap that potential not just to bolster 2022 receipts but to develop future markets now. Speaking with PYMNTS, Mike Goodenough, global head of e-retail at Worldline, said the doom and gloom...
In payments, great ideas are sometimes just ahead of their time. People aren’t keen on embracing new ways of transacting. Or the technology isn’t ready, may not be easy to scale, or it’s too expensive to deploy. And, then, as time goes on, sometimes the...
