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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

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Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. About The Tracker.

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With Wynn’s $402M In Net Losses, Is Online Gambling The Future Of Gaming?

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reported a net loss of $402 million for the first quarter of 2020. Maddox said per the report that the company’s casinos could potentially reopen late this month. Wynn Resorts runs the Encore and Wynn properties on the Strip as well as properties in Macau and the Encore Boston Harbor. Revenues for its casinos plummeted by 61.7

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REPORT: The QSR’s Digital Checklist For Surviving The Long Haul

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The delivery sector is setting record revenues as dining rooms are operating at limited capacity, but this trend was in the works long before the pandemic began. A study found that the industry expanded by 20 percent over the past five years, with online food delivery revenue expected to hit $24 billion by 2023.

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Walmart Online Chief Departs

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Online retail is known for moving fast, and sometimes, the execs pulling all the levers behind the scenes move even faster. online operations, had vacated his post effective April 1. online operations, had vacated his post effective April 1. “We’re in the process of identifying a successor.”

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Private Equity Firm Advent To Buy 75 Pct Stake Of UK Parcel Deliverer Hermes In $1.3B Deal

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Boston-based Advent International , a global private equity firm focused on overseas buyouts, has purchased a stake in the United Kingdom’s parcel delivery group Hermes for 1 billion euros ($1.3 The goal for Advent is to profit on the surge in online sales. He said he expects the peak in demand this year to set records.

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Central Banks See Digital Fiat As Complement To Cash, Not Replacement

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The recently released report by the Bank for International Settlements ( BIS ) offers a general framework for digital currencies. As many as 40 percent of individuals are shopping online more often, which of course means they are shopping in stores less often. But there’s room for co-existence of cash and digital currencies.

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Le Pain Quotidien Is Latest Food Chain To File For Bankruptcy

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As The Wall Street Journal reported, the eatery hoped to avert a complete liquidation of its 98 locations in New York, the Mid-Atlantic, California, Illinois and Florida with a proposed $3 million sale of the business to Aurify Brands LLC. SeafoodSource.com has reported that a number of U.S. Le Pain Quotidien , the U.S.

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