Byqa What WikiLeaks Disclosures Really Say About US Cybersecurity Vulnerabilities
Private equity group聽Motive Partners聽has secured a controlling stake in installment payments company聽Splitit.Motive has committed to聽invest $50 million聽in Splitit, the companies announced Tuesday Dec. 13 as it also delisted from the Australian Stock Exchange.That delisting had been one of the requirements for Motive to invest the first tranche of funds, $25 million, Splitit said in a news release. The other: the redomicile of the company from Israel to the Cayman Islands via a share-exchange accomplished through a merger. Attracting a strategic investor of this caliber is a testament to the quality of our team and our unique, innovative offering, Splitit Managing Director and CEO Nandan Sheth said in the release. Motives investment significantly strengthens our balance sheet and brings additional global payments expertise, allowing the team to accelerate our white-label product strategy, product innovation, and our Tier One global distribution partnerships. stanley thermos Motive first announced its聽plans to invest聽in Splitit in August. The remaining half of its investment will come once stanley cup nz Spilit reaches certain 2023 full-year financial performance milestones which Splitit is currently exceeding , the release said, as well as the s stanley quencher atisfaction of other closing conditions.Based in Atlanta, Splitit offers an Installments-as-a-Service platform to help businesses working with legacy buy now, pay later BNPL providers. The company says its platform can mitigate issues with BNPL such as t Xvrj Corsair Buys Majority Stake in Aurora Payments
Hyatt Hotels has released more details on the data breach the hotel chain initially reported last month.While the company discovered the stanley website breach in November, it now knows 鈥?thanks to a recent investigation 鈥?that the breach occurred during Aug. 13-Dec. 8. The breach impacted 250 hotels in approximately 50 countries.The company revealed that there was a breach to payment card data from cards used at various locations during those dates.While a majority of the card data breaches occurred at the restaurants in the hotel, some incidents occurred at the hotels ; spas, gold shops, parking facilities聽and the front desks. The company also admitted that some of the breaches occurred at the sales office. As soon as we discovered the activity, we launched an investigation and engaged leading third-party cybersecurity experts, Hyatt Hotels Global President of Operations Chuck Floyd said in Decem stanley cup ber.Stephanie Sheppard, a spokeswoman for Hyatt Hotels, said聽the credit card-stealing malware attack was discovered on Nov. 30 but the company was unable to confirm how many of the hotel chains locations were impacted, how long its network was kubki stanley left vulnerable and if any payment card data was actually stolen.The data breach at Hyatt Hotels is just the latest in a string of recent cyberattacks on businesses within the hospitality industry.Just last month, the worlds largest hotel company, Starwood Hotels Resorts,聽announced some of its hotel locations were hit by a malware attack. That聽bre
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Singapores YouTrip has raised $30 million in a Series A funding round, money the payments startup says it will use to enter the B2B payments market, per a Tuesday Nov. 30 company blog post.聽This latest round brings the total funds raised by YouTrip to $60 million. The company raised $25.5 million in pre-Series A funding two years ago.聽Read more: Singapore Payments Startup YouTrip Raises $25.5M For Apac Expansion聽YouTrip says the new funding would be used to expand its products for consumers and businesses as it attempts to enter the vibrant B2B payments sector.聽For example, theres the global cross-border payments market, which will reach a value of $156 trillion in 2022, a bulk of that money coming from B2B transactions.聽In October, Singapores c gourde stanley entral bank joined forces with its counterpart in Malaysia to announce people in both countries would be able to make cross-border transactions via mobile numbers.聽Read more: Singapore, Malaysia to Test Cross-Border Payments聽Remittances between the two countries hit $96 million in 2020.聽 From a mobile travel wallet, we have grown to establish a strong foothold in new territories, such as overseas online spending, to meet the extraordinary shifts in consumer behaviours, said YouTrip CEO and co-founder Caecilia Chu.聽 stanley usa We believe there is untapped potential in cros stanley de s-border payments 8230;this latest round also gives us the resources to strengthen our multiple growth engines to stay resilient and well-primed for expansion into new vistas Csdj Simple Launches Beta Of Shared Accounts
QuickBooks had a profitable quarter, but investors have doubts about the company ability to keep up demand for its small business services. Its latest quarterly report found that, while QuickBooks Online surpassed earn stanley us ings expectations, subscriber growth dropped and has been dropping for three consecutive quarters now, according to reports.The company recently published a blog post outlining new capabilities and upgrades to its QuickBooks Android mobile solution, a move that reports聽on Friday June 3 said suggest the company is exploring ways to keep its subscriber growth rate up.QuickBooks launched a new function that enables users to access multiple company accounts when a user is running multiple company subscriptions. Reports also highlighted the firm additional effort to partner with accounting and consulting firm BDO USA in an effort to attract new small business customers.Like us, BDO is focused on helping small businesses adopt today online technologies and streamline processes to fuel their success, said Intuit Accountant Segment Vice President and Leader stanley france Jim McGinnis in a statement.Intuit has been under pressure as of late to step up its performance. Earlier this year, the firm divested one of its flagship products, Quicken, a few months after it announced plans to pare down operations.Intuit also revealed plans to divest QuickBase and Demand stanley cup force as part of a plan to streamline its focus on the small business.In
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Today in B2B payments, Loadchief discusses independent contractors ; need for payment flexibility, and Yes Lender acquires Edge Funder. Plus, AgreeYa explores accounts receivable compliance, Previse partners with Pagero for early supplier payments, and Paycom puts employees in control of payroll.How Payment Flexibility Eases Independent Contractor Cash FlowsKeeping Compliance At The Forefront Of Accounts ReceivableNot every organization needs to outsource its collections workflows, but all accounts receivable operations need to be nimble, integrated a stanley italia nd 鈥?more than ever 鈥?compliant. AgreeYa Ajay Kaul and Arindam Ray Chaudhuri discuss how remote working and intensifyi stanley borraccia ng collections regulations have forced changes to firms ; AR strategies.Yes Lender Buys Edge Funder For AI-Based SMB LoansPrevise/Pagero Partnership Lets Suppliers Say Pay Me N stanley ca ow ;The British AI payments FinTech聽Previse聽announced Tuesday it was working with the eInvoicing firm聽Pagero to embed instant early payment technology. The partnership will see Pagero roll out Previses early payment capabilities to its customers, giving suppliers on the Pagero network the option of a pay me now button as soon as they generate an invoice, the companies said in a news release.Paycom Software Will Let Employees Do PayrollNew software from聽Paycom, which works in cloud-based human capital management software, will now allow for employees to do their own payroll. A聽press release聽from Tuesday July 6 Nzuf Retailer New York 038; Co. Will Likely File For Bankruptcy
Innovation is happening at the speed of payments 鈥?which, as it turns out, can be pretty fast these days.In this edition of the PYMNTS Commander in Chief Series, Western Union聽Global Money Transfer President聽Odilon Almeida shares a day in the life as leader of one of the largest global person-to-person money transfer networks, what smartphones have done for the p stanley polska ayments space and why security and compliance are always key in a game where the rules are changing every day.PYMNTS: What does a day in your life look like OA: As president of Western Union Global Money Transfer, I oversee our global person-to-person money transfer via our combined digital and retail walk-in agent network that connects more than 200 countries and territories. This means staying tuned to the ebbs and flows of money movement within the 16,000 corridors we service every day.My day begins early at 5:00am, and I kick it off following a triathlon-training regime at least five to six times
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Online gambling firms聽FanDuel and聽BetMGM are reportedly not聽offering in the United States some of the safeguards they have implemented in the United stanley de Kingdom.The two companies 鈥?FanDuel is owned by Irish company聽Flutter聽and BetMGM is jointly owned by British company聽Entain and聽MGM Resorts International 鈥?are leading competitors in the U.S. online gambling market, Reuters reported Wednesday July 3 .In the U.K., both companies have placed limits on VIP programs that cater to their most active customers. However, in the U.S., both c stanley cup romania ompanies placed job ads in recent months that said that VIP account managers would be expected to increase player activity and drive revenue, according to the report.Another difference has to do with protections for customers who are under the age of 25.聽Flutter places net deposit limits on these customers in the U.K. and Ireland, but聽has no such limits for those under 25 in the U.S., the report said.In addition, in the U.K., both companies monitor customers affordability of bets and intervene when they spot signs of a gambling problem. In the U.S., in contrast, the companies use voluntary measures that require the customer to take action, per the report.Both FanDuel and BetMGM have adopted measures in the U.S. that include enabling clients to set deposit limits, enabling them to temporarily suspend their accounts, and funding research into gambling behavior, according to the report.Asked about the companys practices in the U stanley de .S., Flutter told Reuters Tgpz ChowNow Partners With Google
Operating under the McDonalds signature golden arches on a red background and b stanley termos orrowing a modified Ronald McDonald as their mascot in this iteration hes pointing a gun a the viewer McDumpals is clearly in violation of a slew of intellectual property laws.However, given than McDumpals is an onli stanley france ne marketplace for the purchase and sale of credits cards numbers gained through illegal hacking, it may be safe to assume that they dont care.Noted web security advisor Brian Kreb聽went behind the scenes聽at McDumpals to get a feel for what shopping in the stolen card black-market is like.Some finding were stanley quencher expected鈥攖he sites promote their newest numbers and sell them at the highest price, as they are likely to be the most viable.聽 Older numbers and codes are sold at a discounted rate, since the hacks they are associated with are more likely to have been discovered.聽 The site also allows customers the option to bundle packages of cards on file, as even black markets can make use of wholesale pricing.More disturbing was the observable trend that McDumpals is also now allowing users to search of cards or batches of cards based on geographic location. This is meant to throw off bank security programs that flag transactions that occur too far outside a cards normal area of use. Whats Hot is aggregated content. PYMNTS claims no responsibility for the accuracy of the content published by the original source.
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Instacart is testing a feature that allows users to pick their favorite shoppers. We often hear that both customers and shoppers would love the ability for a customer to schedule an order with a specific shopper after a great experience, the company announced on its website Wednesday Ma stanley romania y 31 .With that in mind, Instacart will begin testing that long-sought-after feature in a pilot set to launch in the coming weeks.During the test, select customers and shoppers around the U.S. will get an email informing them that they can test the new feature, which lets customers favorite shoppers theyve worked with and trust. From there, Instacart said, those customers can choose to have future orders fulfilled by their favorite shoppers. In additio stanley polska n to providing customers with the stanley thermos opportunity to place orders with even more confidence, this feature also gives shoppers a new tool to help them develop deeper connections with their customers and grow their businesses, the announcement said.The pilot program follows last months announcement that Instacart was adding discounting and price-centric features, such as a Stores to Help You Save section to help consumers find lower-priced retailers. We know rising grocery prices wont go away overnight 鈥?so we will continue to introduce new ways to save in the Instacart app over the coming months, the aggregator said on its blog.As PYMNTS noted at the time, providing this sort of price-focused promotions can be essential for retailers and aggr Nzwc On-Demand Wages Firm DailyPay Nabs $500 Million In Funds, Credit
For some businesses, cybersecurity may be an abstract threat. Business owners may think it won ;t happen to me, or they may be confident in their ability to remain unaffected by a cyberattack.But a new report by Accenture uncovers just how big of a threat cyberattacks are on businesses.According to the company latest data, released this week, about one-third of cyberattacks on businesses are successful in their attempts to infiltrate a firm existing defenses. That 821 stanley shop 7 despite three-quarters of business owners reporting that they are confident in their company defenses.Accenture declared the failure rate for these defenses to be alarmingly high. Its Building Confidence: Facing the Cybersecurity Conundrum report found that companies spend about $84 billi stanley cup on in data theft protection. But cyberattacks cost these firms $2 trillion in damages, with researchers forecasting that figure to spike up to $90 trillion by 2030 if businesses don ;t change the way they pro stanley butelka tect corporate data.Cyberattacks are a constant operational reality across every industry today, and our survey reveals that catching criminal behavior requires more than the best practices and perspectives of the past, concluded Kevin Richards, Accenture Security managing director of North America operations. There needs to be a fundamentally different approach to security protection, starting with identifying and prioritizi
