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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

The 39 percent reduction came as investors rejected the company’s valuation, noting it should be priced as a consumer or financial company rather than a technology business, one of the sources said, according to Bloomberg. Rocket describes itself as the largest retail mortgage lender in the U.S. which is owned by Gilbert.

Cleveland 233
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Retail Enabler: CardinalCommerce Protects SMBs From Holiday Fraud

PYMNTS

Black Friday and Cyber Monday sales continue to increase year over year — while some project online holiday sales at $98 billion, new estimates from the National Retail Foundation project that this year’s online holiday sales could reach $117 billion. ‘Tis the season … to be very, very wary of phishing and other types of fraud.

Fraud 100
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Beyond Amazon Go: The Technologies And Players Shaping Cashier-Less Retail

CB Insights

Traditional retail is getting an upgrade. Despite the rise of e-commerce and mobile, the physical channel still plays an important role in consumer experience — and retailers are increasingly leveraging technologies to stay afloat. Cashier-less technology is one of the latest trends to dominate conversation.

Retail 71
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ORACLE: Swinging the Bat in Cloud Services

Celent Banking

My primary motivation for attending OpenWorld was to get an update on Oracle's two banking platforms — the new flagship Oracle Banking Platform (OBP) aimed at large retail banks and its stable mate FlexCube , the universal banking platform deployed by nearly 600 banks globally. Most banks, however, are not Capital One.

Chicago 100