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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

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Retailers Rethink Store Concepts, Digital Strategies Amid New Realities

PYMNTS

Traditional retail locations, ranging from fashion and home furnishings to hardware and department stores, have been forced to make significant changes in the face of heightened competition from eCommerce giants like Amazon and omnichannel powerhouses, like Walmart and its online unit, Jet.com.

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Retail Bankruptcy Tracker: Claire’s And Grocers Throw In The Towel

PYMNTS

As sad as the end of Toys R Us may be, the iconic toy store is far from the only retailer struggling these days — and it’s not the only one throwing in the towel this week. The beloved, bankrupt retailer has announced the cancellation of all in-store events, such as its annual Easter Egg Hunt and Geoffrey the Giraffe birthday parties.

Retail 142
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Why 7-Eleven Is Betting On Voice Commerce To Keep Customers Loyal

PYMNTS

As the company’s chief digital officer, Sethia and his team have built what is arguably the most valuable loyalty program in retail with more than 33 million members. It announced this week that it is piloting Fuel Loyalty at participating 7-Eleven stores in North and South Orlando, Florida; North Texas; and Woodbridge, Virginia.

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How The Pandemic Makes 90-Day Customer Histories A Fraud-Fighting Weakness

PYMNTS

Financial institutions (FIs) are therefore expected to offer more contactless cards this year and some are also unveiling services intended to help consumers easily add cards to their digital wallets. consumers to shift as much as $100 billion in annual spending from credit to debit cards. Around the Next-Gen Debit World.

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Kroger Building New Automated Warehouse Facility

PYMNTS

Supermarket giant Kroger and online grocery retailer Ocado are joining forces to build the second of 20 planned automated warehouse facilities. Kroger is excited to enter Florida to redefine the customer experience through our industry-leading partnership with Ocado,” said Rodney McMullen, Kroger’s chairman and CEO. the release said.

Florida 129
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NEN Widens USAT Partnership For Cashless Payments Growth

PYMNTS

Cashless payments firm USA Technologies (USAT) is expanding its partnership with amusement kiosk operator National Entertainment Network (NEN) to bring expanded cashless payment options to more vending machines and devices, the companies announced in a press release on Friday (Nov. and Puerto Rico.