News

International
EMEA Daily: Meta May Have to Pull Platforms in EU; UK to Investigate 3 Retailers...
July 29, 2022

Meta May Have to Pull Platforms in EU Meta Platforms reiterated its warning that it may have to pull its popular Facebook and Instagram services from the European Union if a new transatlantic data transfer pact doesn’t materialize. Meta could face a ban on its...

Retail
Instacart Brings Limited-Edition Clothing Line to NTWRK Livestream App
July 29, 2022

Instagram is teaming with streetwear fashion designer Anwar Carrots on a limited-edition clothing line available exclusively through the NTWRK livestream shopping app starting at 11:30 a.m. on Aug. 5, according to a company announcement. The collection will include four pieces “designed for summertime fun,” the...

B2B Payments
Buyer Payments Preferences Create Reconciliation Hassles for Medical Suppliers
July 29, 2022

The healthcare industry lags others in payments digitization, especially when it comes to the procurement of bulk medical supplies and equipment. While suppliers prefer automated clearing house (ACH) and direct deposit payments, their customers still make up to 85% of their payments by check or...

Retail
Amazon vs Walmart Weekly: Who Can Deliver the Value Consumers Want and Need?
July 29, 2022

Thirty years ago, in a tightly contested run for the White House, political strategist James Carville characterized the singularity of focus he felt was needed to win the election with the now famous quip, “It’s the economy, stupid.” That sentiment is arguably even more true...

Security & Fraud
Ransomware Fraudsters Pivot as Payments Shrink 
July 29, 2022

Cybercriminals engaged in ransomware-as-a-service (RaaS) have been forced to pivot in how they run their fraudulent operations, as fewer victims coughed up payments this year and law enforcement, regulators and security firms stepped up pressure and tactics.  As more ransomware gangs were sidelined over the...

Ridesharing
Uber Unveils Driver Perks, Debit Card
July 29, 2022

Uber has introduced a pair of features it said are designed to provide more flexibility and opportunities for the company’s drivers. According to a Friday (July 29) news release, the new features are known as Upfront Fares, which deals with the way drivers accept rides,...

Retail
Deckers Disrupts Sneaker Segment as Uggs Owner Turns Hoka Into $1B Brand
July 29, 2022

The highly competitive global sneaker wars have a new contestant to look out for after Deckers said its Hoka line of athletic shoes has grown into a $1 billion brand that’s vying alongside other upstarts to take on struggling stalwarts Nike and Adidas. According to...

Retail
‘Eco-Friendly’ Claims Under Fire as UK Launches Probe of 3 Retailers
July 29, 2022

The U.K.’s Competition and Markets Authority (CMA) is launching an investigation into three fashion retailers for making misleading claims about their sustainability practices, according to a Friday (July 29) press release. Fashion retailers ASOS, Boohoo and George at Asda have come under scrutiny as part...

Regulation
Former CFTC Chair: EU’s MiCA Bill May Hurt US Crypto
July 28, 2022

Ex-Commodity Futures Trading Commission (CFTC) chief Chris Giancarlo has said the European Union’s Markets in Crypto Assets (MiCA) bill might end up exporting European crypto regulation and damage U.S. chances at making more concrete rules. Speaking at a summit Thursday (July 28), Giancarlo said he...