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 Justice Department Indicts 80 in Massive Online Fraud Scheme

PYMNTS

22) the Justice Department unsealed an indictment —spanning 252 counts — against 80 defendants for alleged online scams that bilked firms and individuals of tens of millions of dollars. As reported, many of those indicted are Nigerian nationals. Late this past week, on Thursday (Aug. The indictment was unsealed by the U.S.

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Macy’s Is Hiring 80,000 Employees For The Holidays

PYMNTS

Macy’s announced it is hiring 80,000 temporary workers for the holiday season, as well as adding more employees to handle online orders. The retailer said that around 23,500 of the seasonal positions will be based in facilities that support online sales, an increase of 5,500 positions compared to 2017. Macy’s, Inc.

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Shipping Inconsistencies Plague Nonessential eCommerce

PYMNTS

Indie bookstore Powell’s in Portland, Oregon couldn’t guarantee that the order would be processed until seven to 14 days. At half of the total eCommerce volume, its distribution center can deliver on time when operating normally, but the company has committed to an inconsistent set of priorities as necessary in this crisis.

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The Best Checking Accounts in California of 2021

MyBankTracker

City National Bank. This list contains mostly national banks, but these aren’t your only option for opening a checking account. National banks have their perks, but one of the drawbacks is that they tend to offer a single account for every customer across the country. Lower fees than national banks (but not always).

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Disrupting Insurance: The Other Financial Services Opportunity

Tefkin

Some insurance companies have responded by branding their direct offer differently and playing with their pricing strategy to ensure their agents will not too negatively affected but in my view, this strategy will not last long as from a customer behaviour perspective, more business will shift online over the next years.

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Vacation Rental Home Startup Vacasa Isn’t Just An Airbnb Knockoff

PYMNTS

But Cofounder and CEO Eric Breon says that the two online rental startups are actually vastly different from one another. Since its founding, Vacasa has grown from a two-person company to employ more than 1,300 people at offices in Portland, Oregon, and Boise, Idaho, as well as numerous field personnel in the 14 U.S.

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The 2023 GonzoBanker Awards

Gonzobanker

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. Paul wrote the “ Online Banking for Dummies ” book in the late ’80s. Expect more deals to be announced in 2024. and Summit Financial Group, Inc.

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