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FTC Refunds $12M To Consumer Victims Of Bogus Online Trial Memberships

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The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010. More than 147,000 consumers who were scammed by I Works are getting full refunds totaling $12 million, the Federal Trade Commission (FTC) announced Monday (May 18).

Online 179
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AI, Security And Loosened Rules: How The US Wants To Boost FinTech

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In addition, there is increased lawmaker attention to promote innovation among non-bank providers of new payments and payment-related technology, and more consumer concern about online and data security. To do so, regulators should work with FinTech firms on “data sharing, standardization, security and liability issues.”.

Fintech 194
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i2c, Sightline Team Up For Cashless Cross-Channel Gaming 

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Founded in 2010, Sightline has experienced 744 percent revenue growth since 2015. Its client roster includes MGM Resorts, Caesars Resorts, and Hard Rock Hotel and Casino; the Oregon and Pennsylvania state lotteries; Churchill Downs; Golden Nugget online; and DraftKings, FanDuel, William Hill, and Rush Street sports, among others.

Oregon 232
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Data Shows 42 Pct Of Small Cap US Businesses Failing To Turn Profit

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The Russell 2000 index shows 42 percent of small-caps are either just breaking even or operating a loss. The number is the highest since 2010’s 44 percent, the index says. broker-dealer Strategas Securities , said the downturn was “just getting started,” and that the velocity at which the number had risen was concerning.

US 175
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Drone Company Flytrex Secures $7.5 Million

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The company also partnered with online marketplace Aha in 2017 to debut an on-demand delivery service in Iceland’s capital, Reykjavik. The money, according to company CEO and Co-founder Yariv Bash, will be utilized to beef up operations and make improvements to the company’s drone services.

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Farfetch IPO Shows Luxury Retailers Ready To Ware Online

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The online marketplace has disrupted any number of verticals, changing the way we shop and spend, and where we grab must-have items — from books to rugs to lamps, and sometimes from across international borders. Securities and Exchange Commission (SEC). Within that, how much is online? Why should luxury fashion be any different?

Online 101
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As Bill Payments Go Digital, The Rental Industry Still Lags

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bills paid online. trillion in 2017, and that could nearly double by 2021 — online billing platforms are rushing to incorporate payment processing capabilities into their offerings. Younger consumers are leading the way when it comes to online bill payments, with 61 percent of those payments coming from millennials.

Industry 105