A case of complacency on compliance? As noted in a report that debuted on Tuesday (Sept. 25) from Verizon Communications, full compliance with the PCI DSS (short for Payment Card Industry Data Security Standard) dropped last year, the first decline seen in six years. The headline numbers: 52.5 percent of the organizations surveyed were in […]
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Inspire Brands announced that it will acquire Sonic for approximately $2.3 billion. The agreement was unanimously approved by Sonic’s Board of Directors, and represents a premium of approximately 19 percent per share to Sonic’s closing stock price on September 24, 2018 ($43.50 per share). “This value-maximizing transaction validates the actions we have taken over the […]
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Dunkin’ Donuts announced that it has officially changed its name, and will now be known simply as Dunkin’. As a result of the change, new branding was unveiled at its Global Franchisee Convention that recognizes its new name and focus on serving great coffee fast, while also embracing Dunkin’s heritage by keeping its signature pink and orange […]
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Retailers are looking for hundreds of thousands of retail workers ahead of what is expected to be a busy holiday season: Target, in particular, is looking to bring on 120,000 employees across the country. Finding these workers, however, is no easy feat, as the country is facing an 18-year low in the unemployment rate, as […]
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Following initial excitement around the Apple iPhone XS series, sources familiar with the supply chain claim that demand for the devices could slow. Already, the first wave of iPhone XS and XS Max sales are said to be weaker than the generation of iPhone 6 devices, DigiTimes reported. The reason? The iPhone XS Max’s “extremely […]
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The year 2018 has been a been a big year for FinTechs, as investor interest has been strong, and consumers have apparently been interested in upgrading their tools and services. Digital commerce continues to grow, with subscription services showing particular strength – and digital payments continue to go contactless, though perhaps not in the ways initially expected. And though the challenges remain […]
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sponsored According to the World Bank, there are 1.7 billion people globally who still don’t have a bank account. Nebeus, the London-based crypto platform, has launched a 1.1 million pound ($1.45 million) crowdfunding campaign as they set out their ambitious goal of bringing financial services to people around the world. According to the World Bank, […]
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The initial coin offering (ICO) has emerged as a corporate financing trend just as volatile as many of the cryptocurrencies themselves. Earlier this year, CoinDesk data revealed more money was raised via ICO in the first quarter of 2018 than in the entirety of 2017, totaling $6.3 billion raised in those first three months. However, Autonomous […]
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For years, B2B FinTech players have pressed businesses to adopt electronic payments. With adoption rates now rising, accounts payable (AP) departments have improved their positions within the enterprise as strategic functions, with the potential to offer greater insight into company operations. However, adopting electronic payments is only the beginning. After the checks have been ditched, […]
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U.S. Bank has debuted its online lending portal for small business borrowers, the financial institution announced on Tuesday (Sept. 25). Following in the path of alternative and marketplace lenders, traditional banks are increasingly digitizing their financing offerings for small firms. The latest to do so is U.S. Bank, which revealed its online lending platform for […]
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