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Facebook to pay $5 billion for violating 2012 FTC consent order

CFPB Monitor

Just two days after the Federal Trade Commission (“FTC”) announced a historic settlement of privacy and security claims against Equifax, the FTC today announced that Facebook has agreed to pay $5 billion in civil fines, arising from its violation of a 2012 consent order with the FTC. 2012 Consent Order. government.

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Payworks Raises $14.5M To Grow POS Technology

PYMNTS

Founded in 2012, Payworks offers a variety of omnichannel payment providers a next-generation payment gateway technology, operated in the cloud and provided in a Software-as-a-Service model. Payworks announced that it has completed a $14.5M

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Macy?s Names Chief Technology Officer To Lead eCommerce Teams

PYMNTS

After serving as the VP of technology at The Home Depot , Naveen Krishna is heading to Macy’s to become the retailer’s chief technology officer. Naveen’s track record in omnichannel retail makes him the perfect fit to lead the Macy’s technology organization at this critical time.”.

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Huntington CTO to retire

BankInovation

Huntington Bancshares Chief Technology and Operations Officer Paul Heller is set to retire March 1. Heller has built the technology operations throughout the $187 billion, Columbus, Ohio-based bank since 2012, according to a Jan. 10 bank release. As Heller retires, the bank’s executive team is getting an overhaul.

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5 Things a Data Scientist Can Do to Stay Current

With the number of available data science roles increasing by a staggering 650% since 2012, organizations are clearly looking for professionals who have the right combination of computer science, modeling, mathematics, and business skills. Sharing data with trusted partners and suppliers to ensure top value.

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Upstart CEO Girouard: ‘FICO is extremely limited and backward-looking’

Bank Innovation

Dave Girouard, CEO and founder of Upstart, testified before Congress’ Task Force on Financial Technology for its hearing on the use of alternative data in loan underwriting and credit scoring. In 2012, he founded Upstart, a company […].

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Banking on Mobile Technology

BankNXT

Every day, people turn to technology to replace the traditional banking experience. Since 2012, several major US banks have experienced a gradual decline in the rate of active mobile banking […]. Since 2012, several major US banks have experienced a gradual decline in the rate of active mobile banking […].