Sun.Feb 21, 2021

Kroger Reports Data Breach; Customer Data Hacked

PYMNTS

Kroger has confirmed it was among the companies affected by the data security incident that hit Accellion , according to a press release. An unauthorized person gained access to certain company files.

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Hunting for Crypto Unicorns

Daily Fintech

This week, on Tuesday, Bitcoin’s price set a new all-time high of more than $50,000. This week, on Friday, Bitcoin’s market cap exceeded $1 trillion. This week, on Saturday, Bitcoin’s price set another all-time high, crossing $57,000. What a week it’s been.

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FinTech Brex Applies For Bank Charter

PYMNTS

San Francisco-based Brex , which makes financial management software for businesses, announced Friday (Feb. 19) it has filed to open an industrial bank in Utah, according to a press release. Industrial banks are distinct from other forms of banks in the U.S.

The B2B credit and payment crunch behind the pandemic’s bicycle boom

Payments Source

When bicycle purchases surged during the pandemic as people flocked to new outdoor activities, many bike dealers were frustrated by strained supply chains and tight access to capital. Payment processing Merchant Credit cards

Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

Restaurant POS Provider Toast Puts IPO On Menu

PYMNTS

Toast , which makes software used by restaurant operators, is considering conducting an initial public offering (IPO) this year, and it could value the company at as much as $20 billion, The Wall Street Journal (WSJ) reported.

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eCommerce Surge Bolsters Blue-Collar Jobs

PYMNTS

Blue-collar workers for the most part are faring better than white-collar workers during the pandemic-induced recession, something of a flip compared to other recent economic downturns, The Wall Street Journal (WSJ) reported Sunday (Feb.

CFPB goes on hiring spree as it looks to ramp up enforcement

American Banker

The agency is recruiting more attorneys and shuffling personnel under new Democratic leadership as it prepares to toughen oversight of the financial services industry. Biden Administration Enforcement CFPB Hiring

Bitcoin Daily: Bitcoin Crests $57,000; Thailand To Target Crypto Holders In New Tourism Plan

PYMNTS

Bitcoin has passed another milestone, crossing $57,000 as of Saturday (Feb. 20), according to a CoinDesk report. The price of the coin hit $57,492 on Saturday and then settled back to $57,264,55, up 8.77 percent in the past day.

UK urged to take lead in easing debt crisis in developing countries

TheGuardian

Boris Johnson should use upcoming G7 presidency to insist UK banks join debt suspension schemes, campaigners say Boris Johnson should use his presidency of the G7 this year to insist that UK banks take part in the global push to alleviate a new developing country debt crisis, a campaign group has urged.

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

IRS Issues Guidance For Pandemic Identify Theft Victims

PYMNTS

The IRS has recommendations for taxpayers whose identities were stolen by fraudsters claiming unemployment benefits in other peoples’ names during the pandemic.

M&T poised to buy People’s United for more than $7 billion

American Banker

The tie-up between the two Northeastern banks, which could be announced as early as Monday, would be the latest in a string of recent deals among regionals facing competitive and economic challenges. M&A Regional banks

Australia's humm Debuts BNPL Solution For SMBs Down Under

PYMNTS

hummgroup has rolled out its new Buy Now, Pay Later (BNPL) solution, tailored for small to mid-sized businesses (SMBs), a press release says.

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Mark Carney joins the board of digital payment firm Stripe

TheGuardian

Former Bank of England governor’s appointment comes as £100bn-plus fintech company enters new funding round Mark Carney, former head of the UK and Canadian central banks, has joined the board of US digital payments company Stripe Inc, days after the firm was reported to be planning a primary funding round valuing it at more than $100bn (£71bn).

How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

Office Depot Parent Buys BuyerQuest To Bolster B2B Strategy

PYMNTS

The ODP Corporation, the corporate parent of Office Depot and OfficeMax, has acquired BuyerQuest Holdings , which operates in the procure-to-pay space, the companies announced in a press release.

Lack of Digital Maturity Threatens Survival of Banking Organizations Worldwide

The Financial Brand

The lack of digital banking maturity at smaller banks and credit unions could doom organizations unwilling to quickly adjust to a new digital norm. The post Lack of Digital Maturity Threatens Survival of Banking Organizations Worldwide appeared first on The Financial Brand.

Walmart Canada: Digital Shoppers Cause For New Supplier Fees

PYMNTS

The CEO of Walmart Canada and another top executive are publicly defending the chain’s new assessment on suppliers of a 1.25 percent fee on all goods, and an additional 5 percent fee on eCommerce sales, Canada’s Financial Post reported.

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Why Bankers Won’t Ditch Branches, Despite Explosive Digital Growth

The Financial Brand

New data, earnings presentations and interviews with bank and credit union leaders and other experts pinpoint key in-person banking trends. The post Why Bankers Won’t Ditch Branches, Despite Explosive Digital Growth appeared first on The Financial Brand.

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

BCB Group To Help B2B Treasuries Adopt Crypto

PYMNTS

BCB Group , which works in global digital finance, has rolled out a new program to help get corporate treasury departments to embrace digital assets, a press release says. BCB works to provide business accounts and trading services for the digital asset economy.

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The Secret Financial Lives of Consumers that Banks Don’t Know About

The Financial Brand

Shadow' banking with fintechs and others keeps growing, from transaction accounts to cards to mobile payments and merchant apps to savings. The post The Secret Financial Lives of Consumers that Banks Don’t Know About appeared first on The Financial Brand.

China Tightens Rules For Banks On Internet Lending

PYMNTS

China’s bank regulator is tightening restrictions on internet loans made by commercial banks and looking more into online lenders in general, Reuters reported.

Fauci Warns: ‘We’re Not Out Of The Woods’

PYMNTS

Despite the plummeting number of new COVID-19 infections in the United States, “we’re not out of the woods yet,” National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci said in an interview broadcast Sunday (Feb. 21) on NBC News ’s “Meet the Press.”.

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MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

Tourism Industry Braces For Continued COVID-19 Downturn

PYMNTS

Problems with vaccine rollouts and the continuing spread of the coronavirus have dampened the travel industry's expectations for a recovery from the economic issues it's been facing, The Wall Street Journal (WSJ) writes.

Stripe Adds Former Bank Of England Governor Mark Carney To Board

PYMNTS

Mark Carney, former governor for the Bank of England and Bank of Canada , will now be on the board of directors for Stripe , which works on global payment infrastructure for eCommerce, according to a press release.