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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. Separately, in Oregon, Portland Public Schools is, according to The Oregonian , “on track” to recover $2.9 Late this past week, on Thursday (Aug.

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Can Pivotus Help Save Banks from Themselves?

Bank Innovation

Just last year, the Portland, Oregon-based corporation performed the rare feat of upgrading its core Read More. Pivotus Ventures, a new venture capital firm launched by Umpqua Holdings Corporation, believes that drastic action is needed to keep banks relevant in the coming years. If any FIs can do it, Umpqua is certainly among them.

Portland 150
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Oregon-Based Simple Bank Laying Off Nearly 10 Percent Of Workforce

PYMNTS

Portland, Oregon-based online bank Simple reduced its workforce by nearly 10 percent earlier this week, marking its second round of layoffs in 2017. ” The online bank said it will focus on updating some of its technology, including its goals feature which allows customers to track spending habits so they can meet financial goals.

Oregon 109
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For This Startup, Scale Was A Matter Of Necessity

PYMNTS

So, how did Vacasa , the online vacation rental home startup, go from managing one beachside cabin on the Washington coast that belonged to the family of one of the founder’s wife to a multimillion-dollar company with more than 1,400 employees that manages over 4,000 properties in the U.S. Italy, Spain, Belize and Chile.

Portland 174
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Grocery Round-Up: Amazon Fresh Opens, Whole Foods Cuts Prices And The US Grocery Sales Boom Slows Down 

PYMNTS

However, the store isn’t quite operating at full capacity, as COVID-related limitations have made that impossible. . Mackey said the chain has taken a long hard look at its operations to find more cost reductions. Whole Foods Promises Price Cuts. Grocery Delivery Firm Weee! Has A Big Year . percent in August vs. 31.2 percent in March.

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New Report: How Behavioral Analytics Help FIs Block Fraud At The ITM

PYMNTS

This popularity is not expected to decline once the virus wanes, with the number of online and mobile banking users expected to hit at least 3.6 Windows developer Microsoft has released security patches to fix this security gap, but as many ATMs are in remote areas, their operators do not often upgrade their systems. billion by 2024.

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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.