IKEA Looking For Partnerships With Russian Companies

PYMNTS

IKEA wants to form strategic partnerships with Russian companies to expand its online business in the country. In addition to expanding in Russia, the company is also opening its first brick-and-mortar location in India.

European Banks Want More Regulation Of Large Tech Companies

PYMNTS

Some of the biggest banks in Europe are urging regulators to increase oversight of large technology companies that are moving into the financial services market. technology companies will choose to go only after the best parts of the financial services market. She doesn’t mind taking on tech companies but wants its to be on the same terms. The banks are concerned that opening their data in Europe will not give them the same access to the large tech companies in the U.S.

200 Fake Ecommerce Companies Identified

PYMNTS

Spying a fake company is difficult, even for India’s Ministry of Consumer Affairs, which just disclosed efforts around identifying about 200 fake commerce companies. The names of each company have not been released to the public, but the Ministry has escalated the matter up to the Department of Industrial Promotion and Policy (DIPP) for further action. She added that for the next few days, all consumer complaints related to commence companies will be answered via Twitter.

Police Get More Authority To Inspect Companies’ IT In China

PYMNTS

Chinese authorities are getting more power to inspect the information technology, or IT, of companies and access property information and business data as part of new cybersecurity rules, reported the Wall Street Journal. It doesn’t seem like companies have a choice.”.

Some banks are technology companies

Chris Skinner

I know that systems like Erica, short for Bank of AmErica, are up and running … The post Some banks are technology companies appeared first on Chris Skinner's blog. I was having a chat about Artificial Intelligence (AI) in banking the other day. It was an interesting conversation, although most of the examples were for customer service via Chatbots, which doesn’t impress me much.

Was Noodles & Company Breached?

PYMNTS

Restaurant chain Noodles & Company is probing a credit card breach that is said to have hit several of its 500 stores. Our investigation is ongoing, and we will continue to share information,” Noodles & Company said in a statement. The fraud attack occurred as the Broomfield, CO-based company was in the process of testing and implementing EMV technology — a situation which many businesses around the U.S. Security & Fraud Noodles & Company What's Hot

Noodles & Company Launches Loyalty Program And App

PYMNTS

Noodles & Company unveiled its new NoodlesREWARDS program on Wednesday as a way to say “thank you” to its loyal customers and encourage them to bring new ones into the fold. Noodles & Company serves classic noodle and pasta dishes from a variety of cultures: Italy, Thailand, Korea, Japan, Central America and the American Midwest, to name a few. Surprise noods? Who would say “no” to that?

Pot Delivery Company Dutchie Raises $3M

PYMNTS

According to a report citing the company, the funding came from Casa Verde Capital, which is a $45 million venture firm that was founded by hip-hop star Snoop Dogg. Funding also came from Durant Company, as well as other unnamed investors. “We’re Since launching Dutchie in 2017, the company has been slowly growing the business, recently signing on 50 dispensaries in Oregon.

Companies Are Shaking In Their Boots Over Digital Startups

PYMNTS

According to Dell Technologies, 78 percent of businesses are threatened by digital startups , which is propelling innovative companies ahead and accelerating the demise of others. Close to half of companies surveyed by Dell, or 45 percent, fear they could become obsolete in the next three to five years because of competition from digital startups. “So If companies can’t keep up, they will fall behind … or worse. Innovation companies Dell digital startups News What's Hot

EU To Propose Tax On Big Tech Companies’ Sales

PYMNTS

The European Commission is gearing up to propose new rules later Wednesday (March 21) that would require digital companies to pay more taxes — and the rules could include U.S. technology companies Google and Facebook. Citing a draft of the rules, Reuters reported that the European Commission is expected to call for companies that have a lot of digital revenue in Europe to pay a 3 percent tax on turnover at the company. The tech companies based in the U.S.

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Jessica Alba’s Honest Company Faces A Down Round

PYMNTS

Looks like Jessica Alba’s co-founded Honest Company might be in a bit of honest trouble. According to emerging news reports, the five-year-old home and body care product company is looking to raise $75 million in new Series D venture capital funding at $19.60 Honest Company’s last fundraising in 2015 was for $100 million — and at $45.75 The big price tag on Honest Company, however, is as much a limitation as it is an honor.

Blockchain, Inc: A Look At The Ownerless Company Of Tomorrow

CB Insights

As tech giants like Facebook explore blockchain as a means to reinvent themselves , startups are working on blockchain projects that could displace services like AWS (as with Filecoin ) or loosen tech companies’ hold on personal information. incorporating a company without stocks.

US Tech Companies Working With Regulators To Shape New Privacy Laws

PYMNTS

technology companies, anticipating that they will face increased regulation in how they handle consumers’ data, are working with policymakers to potentially shape the new legislation that’s expected to come from the federal government. The Journal noted that the legislation should include some of the things that the tech companies are urging.

Banks are not technology companies (yet)

Chris Skinner

I’ve been illustrating my frustration with incumbent banks for some time, saying that they lack technology leadership. Almost a third of my new book talks about the biggest challenge for banks to respond to Fintech, Big Data, Cloud, Blockchain and all those other issues is to have leadership.

Warby of X: roll: Bicycle Company Goes Omnichannel

PYMNTS

Stuart Hunter, founder and CEO of roll: Bicycle Company explained how taking its bike sales online is helping customers not only overcome their fear of purchase, but also find a completely customized product that can be returned if it’s not the perfect fit. PYMNTS: How did roll: Bicycle Company get started? SH: The idea for roll: Bicycle Company was born in our brick and mortar shops. PYMNTS: How has the company disrupted or changed the bicycle industry?

Chinese Tech Companies Set Their Sights On Southeast Asia

PYMNTS

Chinese companies are setting their sights on a new market for growth: Southeast Asia and its 620 million people. According to a report by The Wall Street Journal , China’s top internet companies, including Alibaba, Tencent, Didi Chuxing and JD.com, are expanding in Southeast Asia, moving beyond the slowing economy in China. What’s more, industry watchers said in the report they think that investments on the part of Chinese tech companies will accelerate next year.

200 Fake Ecommerce Companies Identified

PYMNTS

Spying a fake company is difficult, even for India’s Ministry of Consumer Affairs, which just disclosed efforts around identifying about 200 fake commerce companies. The names of each company have not been released to the public, but the Ministry has escalated the matter up to the Department of Industrial Promotion and Policy (DIPP) for further action. She added that for the next few days, all consumer complaints related to commence companies will be answered via Twitter.

Credit Karma Buys Online Mortgage Company

PYMNTS

Approved, the online mortgage platform company, announced Thursday (Aug. What’s more, Singhal pointed out in the report that 80 percent of Credit Karma members are active prior to getting a mortgage, providing an opportunity for the two companies. 16) in a blog post that it has been acquired Credit Karma.

Mexican Company Offers Crypto Backed By Habaneros

PYMNTS

The company said it could pay a dividend of 30 percent of the coins’ cost each year. So far, the company has sold only 50,000 of the 1 million Agrocoins that it plans to make available. Investors can currently buy the coins on the company’s website. In an effort to raise funds from small investors, Mexico’s Amar Hidroponia is selling digital currency backed by habanero chilis.

Market Map: 125+ Companies Disrupting Payments

CB Insights

Venture-backed payments companies are gaining on incumbents. For example, Alipay’s parent company, Ant Financial , has raised upwards of $19B since 2015. Publicly traded players like Square and PayPal are acquiring companies at a fast clip to branch into new distribution channels. Private payments tech companies have raised $30B+ since the start of 2014, with a whopping ~$17B raised in 2018 alone, according to CB Insights data.

Wyoming Lures Crypto Companies With Friendly Laws

PYMNTS

Wyoming is trying to position itself as a leader in cryptocurrency and one of the friendliest states when it comes to legislation around crypto companies. According to a report in Bloomberg back in March, Republican Governor Matt Mead signed into law legislation on limited liability corporations that is more friendly to blockchain companies, making so-called utility tokens an asset class and exempting cryptocurrency from state property taxes.

Confectionery Companies: The Other Unintended Casualty Of Self-Checkout

PYMNTS

Things aren’t so bubbly for chewing gum companies and confectioners. Quartz predicts that things are about to get worse rather than better for confectionery companies. So far, only company employees have gotten to try it, but the idea is that shoppers can walk in, fill their carts and walk out. The company gave chase, and it worked. The company’s acquisition of the barkTHINS brand also gave sales a boost.

Most companies are unprepared for a cyberattack

Chris Skinner

This is the second Hiscox Cyber Readiness Report, conducted by Forrester Consulting, and puts the spotlight not only on the financial consequences of individual cyber breaches but also on the enormous cost in … The post Most companies are unprepared for a cyberattack appeared first on Chris Skinner's blog. I was looking around at what’s new online, and just discovered the Hiscox 2018 Cyber Readiness Report.

Some State AGs Could Launch Joint Inquiries Into Tech Companies

PYMNTS

Attorney General Jeff Sessions, reported Republican AG Doug Peterson of Nebraska said officials are looking at launching a multistate inquiry into the leading tech companies with an eye toward protecting consumer privacy and looking into antitrust concerns. Given the intense scrutiny the tech giants are already under, a move by the AGs to launch an inquiry would be yet another regulatory battle the big tech companies would have to contend with.

CEO Identity Crisis For Honest Company?

PYMNTS

The rumor mill has been churning over at Honest Company, according to a few inside sources as reported by Recode this week. After a turbulent year led by an almost-filed IPO, the company began its talks with top executives from consumer package companies. To help determine next steps for Honest Company, these executives were brought in by the board of directors. We’re always looking to do what’s best for the company.”.

Arby’s Parent Company, Inspire Brands, Acquires Sonic For $2.3B

PYMNTS

He continued,“As one of the largest owner-operators of company-owned and franchised restaurant brands, Inspire appreciates the unique culture of collaboration between Sonic and our franchisees. Inspire Brands announced that it will acquire Sonic for approximately $2.3 billion. The agreement was unanimously approved by Sonic’s Board of Directors, and represents a premium of approximately 19 percent per share to Sonic’s closing stock price on September 24, 2018 ($43.50 per share).

Couriers, Messenger Companies Helped July’s Job Growth

PYMNTS

According to a news report in The Wall Street Journal , courier and messenger companies brought on 3,200 new workers in July, marking the fourth month in a row of job increases. While courier and messenger companies are seeing job growth and increasing the number of positions they staff, hiring at warehousing and storage companies is on the decline, slashing 2,200 jobs in July. The jobs report for the month of July was strong, and the U.S.

Citi Ventures Invests In AI Software Company Anaconda

PYMNTS

According to the report, the investment provides more insight into how Citigroup is using AI across the company. Meanwhile, Gupta noted that Anaconda is popular among students, which is what piqued his interest in the company to begin with. The company has 135 employees and $45 million in capital, and counts General Catalyst as an original investor. Both companies declined to say how much Citi Ventures invested in Anaconda other than it was “significant.”

Internet Association Says Companies Support National Data Privacy Rules

PYMNTS

The Internet Association, a group that represents Facebook, Amazon and Alphabet’s Google , among other technology and internet companies, said on Tuesday (Sept. The trade group represents 40 major internet and technology companies, including Netflix, Microsoft and Twitter. The group also said that consumers should be able to delete data, request corrections or have personal information taken down, as well as have access to the personal information they provide the company.

First Cannabis Company To Go Public Raises $153M

PYMNTS

Tilray , the first cannabis company to conduct an initial public offering on a U.S. at the close of trading on Thursday (July 19), the company had a market value of nearly $2 billion. “It exchange, closed up 32 percent. According to Financial Times reporting, Tilray’s shares sold for a listing price of $17, higher than the original indicated range of $14 to $16 a share. The IPO raised $153 million. And at $22.39

Corona’s Parent Company Gets Into Pot

PYMNTS

Constellation Brands , a beer distributor that owns Corona, announced that it has signed an agreement to buy an almost 10 percent stake in Canopy Growth Corporation , the world’s largest publicly traded cannabis company. Both companies intend to enter into an agreement to exchange knowledge and expertise. Our company’s success is the result of our focus on identifying early stage consumer trends, and this is another step in that direction.”.

Lowe’s Companies Extends Synchrony Partnership

PYMNTS

To help Lowe’s Companies bring new benefits and purchasing options to its customers, it’s extending its agreement with Synchrony. Through the arrangement, Crate and Barrel will pair with Synchrony on a private label credit card as well as a new dual-branded card, the companies said in the announcement. The partnership will offer financing options in nearly 100 Crate and Barrel brick-and-mortar stores as well as through the company’s digital channels.

Company Newsroom Checklist

William Mills

Historically, most companies assumed only journalists and members of the media visited newsrooms. This is the easiest way to showcase new products, company milestones, new executives and more. Articles that the company is featured in. Company blog.

Will Jessica Alba’s Honest Company Get Bought Out?

PYMNTS

It seems that the Jessica Alba cofounded company Honest Company may be in talks to sell out to one of the big consumer product firms, like Unilever or Procter & Gamble. Honest Company was most recently valued at $1.7 The companies involved did not immediately respond to a request for comment. Honest Company was founded in 2011, is led by CEO Brian Lee and started out by selling nontoxic, eco-friendly diapers and other baby products. Retail Honest Company

Google, Amazon, Twitter Among Companies To Appear Before Senate

PYMNTS

AT&T, Twitter, Alphabet’s Google and three other major web and internet service companies plan to testify before a U.S. According to a report in Reuters , the companies – which also include Amazon, Apple and Charter Communications – will appear before the Senate on Sept. The Association represents 40 major internet and technology companies, including Netflix, Microsoft and Twitter.

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Bitcoin Regulatory Roundup: SEC Swoops In On The Crypto Company After Surge

PYMNTS

have suspended a bitcoin-focused company following questionable business practices, Singapore is advising “extreme caution” when investing in the potential bubble and neither Japan nor South Korea is recognizing cryptocurrencies as actual currencies. A small company saw shares increase 2,700 percent in the last month following its participation in the bitcoin cryptocurrency boom. Securities and Exchange Commission (SEC) has suspended trading for The Crypto Company shares until Jan.

Who should own data analytics in your company and why

Dataconomy

The post Who should own data analytics in your company and why appeared first on Dataconomy. Data management strategies have undergone a significant change over the last decade.

Kroger Acquires Meal Kit Company Home Chef

PYMNTS

has announced a merger with Home Chef , the country’s largest private meal kit company. ” Home Chef currently leads the industry with the most variety among the leading meal kit companies, offering innovations like 5-Minute Lunches, Flexible Serving options and easy-to-prepare meals. “As one of the fastest growing meal kit companies in the country, Home Chef is poised for even more explosive growth,” said Cosset. The Kroger Co.

Chip-Reader Lawsuit Proceeds Against Card Companies

PYMNTS

Now, the big card companies — Visa, Mastercard, American Express and others — are all facing a class-action lawsuit brought by retailers over the new chip readers. and Grove Liquors LLC are suing on behalf of merchants nationwide, alleging that the credit card companies conspired to dump fraudulent transactions on merchants that didn’t make the EMV card deadline. It’s been a year since the EMV card reader deadline.

Study: Tech Companies Could Be Running Afoul Of GDPR

PYMNTS

The European Union’s (EU) new data privacy law isn’t being followed by some of the globe’s biggest technology companies, according to research from the EU Institute. According to a report in Bloomberg , researchers found, of the 14 major technology companies’ privacy policies that used artificial intelligence software, a third of the privacy clauses were either “potentially problematic” or contained “insufficient information.”

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When Your Car Company Becomes Your Wallet

PYMNTS

Ford is soon launching its new FordPass platform that, according to the company’s website, comes with a pretty big ambition: to “empower” consumers to “rethink the way [they] move.”. With FordPass, the company wants to help make the experience seamless.

SEC Investment Company Reporting Modernization Support

Perficient Financial Servies

The first thing any investment company must do in response to the new SEC Investment Company Reporting Modernization is evaluate its current state of readiness. If you are interested in learning more about the SEC’s Investment Company Reporting Modernization Rules, download the recent guide we published. Chances are you have started a compliance program.

Toys R Us Embraces Blockchain To Save Company

PYMNTS

And the money came rolling in, to the tune of $7 billion in a day, from investors everywhere, and the company’s debt was retired. Upon announcing the name change, the company said in a statement it would take a page from President Donald Trump’s campaign playbook, which included imploring voters with the statement: “What the hell do you have to lose?”. They did it for the children.