When it comes to retail bankruptcies, do you want the good news or the bad news first? The good news: In a marked departure from the months preceding it, no major retailers filed for bankruptcy protection this week. The bad news: Plenty of brands are still teetering on...
This time last year, U.S. companies were going bankrupt at a rate nobody had seen in half a decade. More than 26,000 companies bit the bullet in Q1 2015, giving pundits reasonable cause to worry about the future solvency of the organizations that remained. Over the next...
The role of chief risk officer is an ever-evolving one and calls for a comprehensive understanding of the threats facing a business, as well as how to best communicate the methods for addressing them. PYMNTS caught up with Umer Ayub, vice president of global risk...
Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing today. In his remarks, Rosengren noted that while many of the economic concerns from earlier...
Bringing (good) customers on board can be a cumbersome process — even when it’s done right, there’s always the risk of letting fraudsters slip through the cracks. Merlin Bise, co-founder and CTO of GIACT Systems, shared with PYMNTS how the use of real-time intelligence can...
Banks may face tougher guidelines when it comes to how much they are required to spend to cover the risks that cyberattacks, fraud and fines pose to their operations. Last last week, Reuters reported that global regulators are proposing these rules to inhibit financial institutions...
IdentityMind Global, an on-demand provider of identity-based payments, risk management, fraud prevention and anti-money laundering services, announced Thursday (March 3) the launch of a new partnership that will aim to prepare merchants to combat the rising instances of card-not-present (CNP) fraud. In collaboration with The...
Early Warning, a fraud prevention, payments and risk management company, announced Tuesday (Feb. 16) its new effort to automate asset verification for home lending. The company introduced its Asset Search and Verification service for home loans, which provides an automated way for financial institutions to...
Few retailers, if any, are completely immune from the roller coaster-like action that the retail industry throws at every company, but there are at least a handful that are considered more or less insulated from poor sales performances and a temporary lack of consumer interest....
