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The Kaepernick Controversy And Nike’s High-Risk Strategy

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With 12 words, one photo and a tweet, Nike has managed to capture the news cycle this week – and much of the market’s interest. Believe in something, even if it costs you everything … Just Do It,” were the dozen words, and the picture was of former San Francisco 49ers quarterback Colin Kaepernick.

From Startup To Global Payments Giant: Visa Turns 60

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Sixty years ago today (Sept. 18), a San Francisco startup launched by sending roughly 60,000 credit cards to consumers living in northern California. This startup was a bank, and its innovation was a single card that could be used by consumers to purchase things on credit from many different merchants. The card eliminated the need for consumers to establish credit with multiple merchants, then carry multiple cards issued by each of those merchants to pay for purchases over time.

What Innovators Can Learn From Uber Cash

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Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs.

Visa-Supported Blindsight Could Change Payments For The Visually Impaired

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Right now, it looks like a blood pressure cuff with wires and tiny boxes attached to it. Or, perhaps, an oversized watchband, one that was made by a child stuck inside on a rainy day.

Today In Data: The High Cost Of Falling Behind In Payments

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In a world that is moving quickly – and often in a lot of new directions at once – staying caught up is hard, and often costly, work. But the costs of falling behind are generally greater, as consumers and businesses gravitate to providers that can consistently and ubiquitously meet their needs.

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Today In Data: Firing Up Faster Payments While Fighting Faster Fraud

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Faster payments pack a lot of potential – technologically speaking and in terms of usefulness. And they are clearly providing for a need wanted for filling, attested by the explosive growth they’ve demonstrated worldwide over the last few years.

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Food In Flight: Delivering Mobile Orders By Drone

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Food delivery is a $13 billion business in the U.S., one seeing growing interest from various players, ranging from delivery service companies like Deliveroo to ride-hailing giants like Uber.

How HomeAway Uses Real-Time Data To Stay ‘Locally Relevant’

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NEW DATA: An Inside Look At The B2B Payments Satisfaction And Usage Disconnect

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Paper checks have long been used in the B2B industry, serving as one of the few ubiquitous payment methods in an otherwise highly fragmented market. Now, many businesses are looking to change that. Checks are still common, but given the choice, many companies would prefer to pay in a different way.

Can Guitar Center Get Its Groove Back?

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Though much of retail has been buoyed by a rising tide of strengthened sales and renewed consumer confidence, some sellers out there continue to struggle to grab a foothold during changing times. Guitar Center, founded in 1959, is one such business. Sales have fallen off sharply in recent years, which, while a problem on its own, is compounded by the fact that brand finds itself sitting under $1 billion in outstanding debt.

Data’s Influence And Contactless Vending, In Style At Fashion Week

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This week, New York celebrated its 75th fall Fashion Week, with all the pomp, glamour, celebrity and hype that defines the event. The city was the home of the first-ever Fashion Week on Earth – and its original purpose was more practical than glamourous.

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Hacker Attack Exploits Security Hole In Token Exchange

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A cyberattack on what’s been described as a “decentralized” token exchange reportedly has led to a $58,000 theft and an illustration of a “shocking security vulnerability.”. According to a report in The Next Web , hackers flooded the exchange with “one billion fake EOS.” EOS refers to “a decentralized operating system [that] is developed to support decentralized applications in commercial scale by providing them [with] all the essential support and features,” as per one common definition.

Government Payment Service Leaks Data On 14M Customers Online

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Government Payment Service , the company that enables online payments for thousands of U.S. state and local governments, has inadvertently made available information on more than 14 million customers from as long as six years ago. According to a report in KrebsOnSecurity , the data includes names, addresses, phone numbers and the last four digits of credit card numbers. The company, which does business as GovPayNet.com, serves around 2,300 government agencies across 35 states.

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Rydoo Integrates T&E Tools Into Uber

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Rydoo, the mobile T&E app resulting from a collaboration between Sodexo, Xpenditure and iAlbatros, is integrating its expense management capabilities with Uber. A press release Monday (Sept. 10) said Rydoo is linking into Uber for Business to streamline corporate travelers’ reimbursement and expense reporting processes. Rydoo is focused on meeting our customers’ expectations by offering global solutions,” said Rydoo CEO Sébastien Marchon in a statement. “At

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TRENDING: Challenger Bank Finds Instant Rewards In Faster Payments

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Around the globe, new payment schemes are on the rise. In the Eurozone, the Eurosystem’s new process for settling instant payments is slated to go live this November.

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RBC Takes An Intelligence-Driven Approach To Bank Security

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The number of consumers visiting bank branches is set to decline by 36 percent over the next five years, while mobile banking usage is projected to increase by 121 percent.

NEW DATA: Why Bank Customers Prefer Convenience Over Security

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Consumers prefer speed, convenience and ease of use over security — even when it comes to accessing financial services online.

TRENDING: Making Mobile Order-Ahead Appealing To App-Weary Customers

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Not every consumer wants to add yet another app to their mobile phone. In fact, smartphone users aged 35 to 54 delete their existing apps more frequently than they download new ones, according to a recent report.

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NEW DATA: 58 Percent Of Gig Workers Don’t Hold Full-Time Jobs — And Don’t Want To

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The gig economy was once seen as a temporary holdover — an opportunity to earn supplemental income by taking on ad hoc work designing websites, doing yardwork or driving for a rideshare service as time allowed. However, based on recent data trends, that appears to be changing.

Why Certainty Rules Payments

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I needed a few outdoor cushions earlier this season and hired a local upholstery shop to make them. This small business is a really small business: a guy working out of a teeny tiny storefront in a little town north of Boston. The shop came highly recommended for the quality of his work and high service levels. The sole proprietor is a hard-working immigrant who’s been in business in this town for 20 years. He delivered my cushions, as promised, about a month ago. The product was exceptional.

Coca-Cola Exploring Cannabis-Based Drinks

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Coca-Cola is taking a close look at the cannabis drinks market, which uses the non-psychoactive chemical in marijuana to make wellness drinks. The space is evolving quickly,” it said in a statement, adding that, “no decisions have been made at this time,” according to the Financial Times. The company has allegedly met with Canada’s Aurora Cannabis to develop beverages, with one source saying these talks are “preliminary,” and that Coca-Cola was also speaking to other companies.

$6.2B Settlement Reached On Visa, Mastercard Swipe Fees

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billion settlement has been reached by Visa, Mastercard and several U.S. banks over a suit brought by merchants over what is commonly known as “swipe fees” — a name for the fees that are paid by those merchants when they accept credit card payments. The settlement had been anticipated over the past few weeks, as evidenced by news reports over the summer.

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Uber Autonomous Unit Invests $150M In Toronto

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Uber ’s CEO used his first visit to the company’s Canadian tech hub to announce a new engineering hub in Toronto. Dara Khosrowshahi revealed that Uber plans to invest in a $200 million expansion of its self-driving vehicle center in the city. The new engineering hub — the company’s eighth outside of the U.S. — is expected to open early next year. “At

Using IoT Tech To Drive Grocery Sales

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Shoe sellers can dust off a pair of unsold sneakers and keep them on the shelf until they sell, but businesses like grocery stores don’t have that luxury. Instead, they must keep a tight focus on moving goods out the doors — especially items with an expiration date.

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Today In Data: Tapping Into The Tokenized Future

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While the “mobile everything” future has been long predicted, as of the second half of 2018, we are actually beginning to see the shape of what that will look like.

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TRENDING: Robots And Humans Join Forces To Speed eCommerce, Together

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Companies recognize the need for IoT security, but few are acting on those concerns. According to a recent survey, 97 percent of respondents said an attack on unsecured devices would be devastating to their organizations.

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Can FinTech Walk The FinTalk?

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Benjamin Franklin is best remembered as a signer of the Declaration of Independence in 1776 and a prolific inventor who created the lightning rod after flying a kite with a key on it in a thunderstorm.

China, Alibaba Are Big Players On The Blockchain Patent Block

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In tech, innovation is everything. In innovation, intellectual property is, well, almost everything — it can be the hardware, the software, the processes that come from creative endeavor. And patents? Well, consider them a form of competitive advantage. News came recently, when it comes to patents tied to the blockchain landscape, that Thomson Reuters found China, and Alibaba , to have had an outsized showing. Last year, 56 percent of all blockchain patents issued trace their genesis from China.

Taking On The Last Mile Of Prepared Food With Local Retail Partners

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Prepared food vendors are homing in on a sizable portion of U.S. consumers: They are turning their attention to food tribes, or the 35 to 40 percent of the population who have specific dietary preferences. These customers might be on restricted diet, such as Whole30, keto, vegetarian or gluten-free. Territory Foods , among other health-optimized services, seeks to serve this market by creating an offering that fits its customers’ lives, diets and tastes – and fills a void in the market.

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NEW REPORT: In The Middle East And Africa, Digital Payments Face A $1.4T Cash Challenge

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Despite the influx of mobile banking and payment options, plastic card use, and a focus on financial infrastructure, cash remains heavily cemented in the Middle Eastern and African economies.

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Driving, Grilling And Surfing (For Deals) — Labor Day Weekend’s On

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The unofficial end of summer is upon us. But before everyone can contentedly begin sipping their pumpkin spice latte and start Christmas shopping without embarrassment, there is the last official celebration of summer, Labor Day.

Today In Data: Innovative Solutions In Search Of Problems

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Sometimes a problem that needs to be solved is pretty obvious: A hurricane is bearing down on the coast, and there are solutions needed to minimize the damage. But sometimes, innovators get the process backwards, and find they have a great solution, but not a problem to go with it.

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As Bill Payments Go Digital, The Rental Industry Still Lags

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More than 50 percent : That’s the amount of U.S. bills paid online. As eCommerce continues to rake in revenue — global sales volume topped $2.3

Visa: Cost Of Digital Acceptance 57 Pct Less Than Cost Of Cash Acceptance For SMBs

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It’s a striking difference: A new Visa study has found that digital accounts for 38 percent of consumer retail purchases, but when it comes to small- and medium-sized businesses (SMBs), only 15 percent of their sales are conducted via eCommerce.

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US Investigations Examine Alleged Danske Bank Money Laundering

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In the latest salvo of cross-border probes over money laundering, The Wall Street Journal reported Friday (Sept. 14) that U.S. law enforcement agencies are examining Danske Bank over what has been termed “massive money laundering flows” from Russia and several former Soviet states. The agencies probing the fund flows include the Securities and Exchange Commission (SEC), the Treasury Department and the Justice Department.

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GDPR Becomes Reality, Consumer Data Becomes Global

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It was a long time coming, but it’s here. As the world knows by now, the European Union’s General Data Protection Regulation (GDPR) took effect on May 25. The mechanics of what firms have to do when it comes to collecting, managing and processing data has been well-publicized.

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Why Household Finances Under The Hood Don’t Look So Good

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Paul McCartney and The Beatles may have told us that money can’t buy us love , but new research claims that it can certainly buy us happiness. And how much money consumers need to be happy.

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How Digital Disbursements Tools Are Changing Low-Dollar Lending

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As Americans increasingly turn to their mobile devices to instantly pay through peer-to-peer (P2P) services like Venmo and Zelle, the act of writing a check or heading to the ATM for quick cash is becoming a thing of the past.

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PayPal Surpasses 250 Million Active Accounts

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PayPal President and Chief Executive Dan Schulman announced on Thursday (Sept. 6) that the number of active accounts on its platform recently surpassed the 250 million mark. In a company blog post , Schulman said this marks an important milestone for the digital payments company. “On Feb. 27, 2017, we announced that we had surpassed 200 million active accounts.

Spend Analytics No Longer Enough For Procurement: Accrualify

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Spend analytics has broken through as an essential part of corporate procurement strategies. Businesses need to know how much money they’ve spent, and on what. Luckily, enterprise digitization is pushing the needle forward for procurement teams, enabling access to data that empowers the type of spend analysis organizations demand. Today, though, CFOs and procurement leaders want to go even deeper.