A 19-year-old man from Madison, Wisconsin, has pleaded guilty to conspiracy to commit computer intrusion. Joseph Garrison, along with his co-conspirators, orchestrated a scheme to hack user accounts at a fantasy sports and betting website, the U.S. Attorney’s Office, Southern District of New York said in a...
Seven months of spending at the register… and now comes an interruption. October’s retail sales decline may prove to be a mere blip. Or maybe not. The latest data from the Commerce Department’s breakdown of where consumers are spending their time and money — and where...
Ocado Group is applying its technology outside the online grocery space for the first time, making it the latest eGrocery company to expand beyond the category. The eCommerce technology company, which has up until now operated primarily in the grocery category, announced Wednesday (Nov. 15)...
Citigroup has reportedly begun cutting jobs as part of its CEO’s companywide overhaul. Workers at the banking giant were expected to be informed of the layoffs Wednesday (Nov. 15), with new cuts announced each day through next week CNBC reported, citing sources with knowledge of the...
Although ad hoc payments make up just 24% of accounts payable (AP) volume, they hold significant importance in various industry operations. In fact, these irregular payments, executed outside regular invoicing and payroll processes, are integral to operational efficiency. But despite their importance, ad hoc payments...
Consumers are happiest when they don’t have to think about how a payment is made, just that it gets done. And they are willing to try new payment methods to get those results. PYMNTS Intelligence data shows that half of U.S. consumers tried using a...
Bank of America has debuted tools to help customers complete and finance online car purchases. Clients can now become prequalified for auto financing to find out how much they may be able to borrow and estimate their terms, with no impact to their credit scores, the...
Statrys, a financial platform for corporates and business owners, has introduced its SWIFT Payment Tracking feature to enhance global business transactions. This tool allows real-time tracking of cross-border payments, offering businesses speed, transparency and control in their financial operations, the company said in a Wednesday...
Mangopay, a payment infrastructure provider for marketplaces and platforms, has launched an end-to-end foreign exchange (FX) solution that aims to expand its cross-border capabilities and support clients’ global expansion. The FX solution offered by Mangopay provides platforms with a flexible and modular cross-border strategy, the company said...
