Alsea Will Operate Some Starbucks Locations In Europe


While Starbucks aims to streamline its operations in places that are seeing challenges with sales, the coffee chain plans to give a longtime partner the rights to operate cafes in four European markets.

Facebook Users Unfriending The Social Media Operator


Facebook is losing its luster with some of its customers, as Pew Research finds that a “significant” share of its users have changed their relationship with the social media network during the past year. According to the report , 42 percent of Facebook users have taken a break from the platform during the past year, while 54 percent of those 18 and older told Pew Research they have adjusted their privacy settings during that timeframe.

Three success factors in security operations

Insights on Business

The model delivers better customer experiences, creates operational efficiencies, and can lead to new revenue sources. They are looking for end-to-end security operations that are flexible and scalable, data-driven and applied with automated, operational accuracy.

Bank Expenditure Operational Risk

Banker to Banker

Operational risk gets the short shrift in banking. Credit and interest rate risk are the big men and woman on campus (just to throw in a back to school metaphor) while operational risk is usually relegated to the shallow end of the pool.

Gearing Up New Operations

Independent Banker

When Leto took the executive helm last year of Bryn Mawr Trust’s parent company, it was operating a very small insurance agency that was hardly making money. “We General Highlighting Operations & Management

Verizon Buys Drone Operator


In a press release , Verizon said Skyward, which is based in Portland, adds drone management to the Verizon IoT portfolio, making drone operations easier to manage for any size company. companies rely on Skyward to manage drone operations, improve safety and lower operating costs. With the deal, businesses small and large can turn to Verizon for integrating, managing and wirelessly connecting their drone operations.

Three Crypto Operators Sued By US Regulator


In the latest sign of regulatory action in the virtual currency realm, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against three virtual currency operators, with allegations that the trio had defrauded customers. In addition, the regulator charged, the three operators broke laws governing commodity trading. The newspaper noted that these are the first actions that come against operators since bitcoin futures were launched in December of last year.

MasterCard strengthens ties to mobile network operators

Mobile Payments Today

The Purchase, New York-based card network has already helped MNOs such as Vodafone Ukraine, Digicel Group in the Caribbean, Viettel Telecom in Vietnam and Taiwan's Chunghwa Telecom to roll out various services related to digital payments

Moovit Raises $50M To Expand Operations


It has used the data to create the Smart Transit Suite of software, an offering aimed at municipalities and transit operators to help them better manage their networks. Public transit app Moovit announced Wednesday (Feb. 21) that it had closed a Series D round of funding, raising $50 million. In a statement on the company’s blog, Moovit said the Series D round of funding was led by Intel Capital.

Dynamics, Sprint Launch Battery-Operated Payment Card


Dynamics, a unit of telecommunications firms SoftBank and Sprint, announced what it is calling the first battery-powered payment card on Monday (Jan. T he offering, dubbed Wallet Card, was unveiled during the annual Consumer Electronics Show (CES) technology conference. According to a press release highlighting the new product , Dynamics said the payment card will boast fast data breach response and replacement times.

Toys R Us Eyes Liquidation Of US Operations


operations, currently in bankruptcy, according to recent Bloomberg reports. The plans come as the company has yet — and the emphasis may be on “yet” — to find a buyer for those operations or finalize its debt restructuring plans. toy and game brand entered bankruptcy protection in September 2017, and had planned to refashion both its capital and operating structures — which is typical of such strategies.

Mayzus Financial Now Operating as Money Polo

Mobile Payments Today

The co-owners of a large FX business numbering about 40 thousand active clients-traders turned to us with the task to create a single payment service for the purpose of minimization of expenses for operations

Bank Of England COO Joins New Payment System Operator


The Bank of England’s chief operating officer is joining the U.K.’s s New Payment System Operator (NPSO). The Payment System Operator Delivery Group is closing to hand down operation of the nation’s payment systems to the New Payment System Operator in an effort to streamline the payment ecosystem. Payments Administration (UKPA) to provide support to payment system operators. The NPSO announced news on Wednesday (Feb.

Financial Firms Turn To Insurance For Operational Risks


Cyber crime, cyber attacks and rogue traders have cost banks around the globe a lot of money, and they are increasingly turning to insurance firms to counter those so-called operational risks. According to a report in Reuters , insurers have said they can protect lenders by giving them more expertise on financial and operational risks. In one instance in which that wasn’t the case, Credit Suisse last year sold a bond that was tied to the operational risk of the bank.

Chatbots Bringing On Business Operations Revolution?


Removing the shackles of the traditional 9-to-5 hours typical of a telecommunications customer service center, chatbots seem to be leading the charge for a business operations revolution. Whether someone is buying a product, attending a concert or renting a truck to move furniture, there’s some level of customer service involved. It’s the one major thread running through nearly every business.

SMB Day-To-Day Operations, Digitally


For the SMB, paper is hard to part with when it comes to improving process flow and optimizing hours spent on a business day to day. In an interview with PYMNTS, Neopost SME Digital Solutions Director Erwan Kernevez said that pain points among smaller firms include the management of inventory spend and time spent dealing with manual processes.

The To Do List for Security Token Platform operators

Daily Fintech

What do entrepreneurs and investors want and how do their needs offer a To Do List to Security Token platform operators? To Do List for Security Token platform operators. They will be lining up at the doors of Security Token platform operators.

Azimo expands European operations with new office

The Paypers

(The Paypers) Azimo has expanded its operations in Europe with a new office in Amsterdam, with the aim to grow its share of the global cross-border payments market

Igniting The Operating System For Employer-Funded Healthcare


In fact, Batniji likened the company’s platform to an operating system that can run other technology. No matter the industry, nearly all U.S. employers are in the healthcare business , a reality reflected on balance sheets, and one that can keep even the most stoic CFO sleepless at 3:00 a.m. And more of those companies are opting for self-funded health insurance programs. The money spent by those employers represents a form of significant control over healthcare.

Maximizing Operational Efficiency

ATM Marketplace

Don't let your aging ATM network cost you more in the long term. For many, the decision to replace or upgrade ATMs is driven by one resounding factor. And that’s cost. But, alongside the initial investment of implementing new technology, shouldn’t you also take into account the cost of not upgrading

Card skimming operation hits Pakistani banks' customers

The Paypers

(The Paypers) A mass skimming operation has hit Pakistani banks customers’ credit and debit cards

Chef’d Halts Operations After Burning Through Cash


Chef’d , a the meal-kit operator, has halted its business operations after using up all its cash and failing to line up more of it. Due to some unexpected circumstances with the funding and business, I regret to inform that Chef’d has ceased all operations until our investors and lenders decide the final fate of the company,” the company’s chief technology officer wrote in an email to a supplier Tuesday (July 17), reported the Wall Street Journal.

Walmart Reshuffles Operations As It Pushes To Stay Competitive


When the going gets tough, the tough restructure their retail operations in an attempt to better facilitate change. It also announced its plans in February to consolidate buying operations. Well, they do if they’re Walmart anyway. Consolidation is coming to Walmart starting today, when six retail business units will be contracted down to four, according to a recent news release.

Mall Now A Four-Letter Word For Some Operators?


The Wall Street Journal reports that the “four-letter” word has been getting the boot from … mall operators. Turns out “mall” is a passé, a name, a nomer that hearkens back to the musty days of the 80s. Call them something else, then, it seems. In numerous examples cited by the financial publication, rebranding is afoot. Consider Parmatown Mall, in Parma, Ohio, which has been refashioned as The Shoppes at Parma. Hanover Mall, situated in Hanover, Mass., is now Hanover Crossing.

FTC’s Operation Main Street Helps Protect SMBs From Fraud


The Federal Trade Commission (FTC) has announced a new law enforcement initiative targeting operations seeking to defraud small businesses. attorneys’ offices and the Better Business Bureau (BBB), the FTC has released the results of Operation Main Street: Stopping Small Business Scams. In partnership with the offices of eight state attorneys general (AGs), the New York division of the U.S. Postal Inspection Service, two U.S.

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Retail Pulse: Chef’d Halts Operations; Gymboree Updates Brand


The situation seemed to recently come to a head, as the company told employees that it was shuttering its operations. Chef’d Founder and CEO Kyle Ransford reportedly told employees of its decision to close late on Monday (July 16): “Due to setbacks with financing, unfortunately, we are ceasing operations for all employees,” Ransford reportedly wrote in an email to employees.

Key Benfits of Operating Turnkey Payment Business in European Union

Mobile Payments Today

See why many entrepreneurs are operating turnkey payment businesses without the need for a bank license Initiating a financial institution offers many challenges.

KQ Operation Pride


What is Operation Pride? Internally at KQ, they have Operation Pride, launched in October last year but, which started in March this year, and which KQ CEO, […]. The post KQ Operation Pride appeared first on Bankelele.

Eddie Bauer And Pacific Sunwear Combined In New Operating Company


After news surfaced in May that Golden Gate Capital was considering a merger of Eddie Bauer and Pacific Sunwear of California , the private equity firm has created a new operating company comprised of the two retailers. A new PSEB Group consists of both brands, which will operate their own independent front ends but benefit from shared services, retail news source Chain Store Age reported. “By

Building, operating and monetizing financial services apps on the IBM Cloud

Insights on Business

As the financial services industry continues to be disrupted by smaller, agile fintech startups, long-established financial institutions are looking for ways to keep pace. One approach to accomplish this is to build, deploy and even monetize next-generation apps on the IBM Cloud.

FICO Announces Partnership with Operation HOPE and 200M Open Access Accounts


The company announced this week its decision to partner with global financial dignity and economic empowerment non-profit organization, Operation HOPE. FICO’s Executive Vice President of its credit scores, Jim Wehmann, commented on the company’s new partnership with Operation HOPE and what it means for its customers: “FICO is excited to partner with Operation HOPE to help consumers with their financial wellbeing.

Fidor brings its operating platform to US

The Paypers

(The Paypers) Germany-based challenger bank Fidor is bringing its technology, the fidorOS operating platform, to the US

Mall Operators Continue To Struggle With Store Closures


The earnings announcement comes as mall operators are trying to reboot in an era when the department store is no longer the anchor tenant of choice at many locations and brands like Macy’s and JCPenney continue to shutter brick-and-mortar stores. CBL (another mall operator) warned last week that Q2 would be a particularly weak point in a weak year. Things are looking somewhat better for Simon Property Group than segment watchers were expecting, as revenues clocked in at $1.4

Operational Transformation – Benefits of Other Delivery Models

Perficient Financial Servies

As a recap, examples of these delivery models include: Software as a Service (SaaS) or remote hosted agreements where the application vendor provides application support and operational services. The ability to focus on strategic objectives instead of routine operational concerns. Data & Analytics Healthcare Integration & IT Modernization delivery models Operational Transformation

Digitization Has Yet To Prove Its Worth For Banks’ Trade Finance Operations


The International Chamber of Commerce (ICC) published its 2018 global trade report this week and, according to the research, global financial institutions (FIs) still have a significant way to digitization in their trade finance operations. ” Traditional trade finance remains the clear priority for banks this year when it comes to their trade finance operations, while 42 percent also pointed to supply chain finance as a focus for this year.

Operational Performance and Reliability in the Airline Industry

Perficient Financial Servies

Operational performance (or operational reliability) is about running an airline like a well-oiled machine. Naturally, fewer operational hiccups means better cost efficiency and overall financials. Tim Porter, a director and airline expert at Perficient, said, “Operational performance is a big deal to airlines. They invest billions in this because the cost of irregular operations is huge from both and economic and customer satisfaction point of view.

Remitly Now Operating In All 50 States


The move on the part of Remitly was prompted by the state giving it approval to operate in Massachusetts. “We’re Remitly, the digital remittance company based in the U.S., has expanded its services to Massachusetts. According to a report , with the addition of Massachusetts, Remitly serves all 50 states in the U.S. and also offers its services in Canada. The Seattle company, which transfers more than $1.5

After A Century, Barclays Steps Back From Africa Operations


Management stated on the conference call that it had become increasingly difficult to operate within the region, with a slew of financial impacts extending from the region’s capital and regulatory requirements and bank levies (a form of tax).

Managing financial risk with a strong Bank Secrecy Act and AML operating model


Banks hoping to build a strong, reliable Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) approach should focus on a number of strategies and actions—including developing an efficient operating model. In our view, a good operating model is essential to.

German Railway Operator Ditches Mobile Ticketing


Deutsche Bahn , a German railway company, announced plans to abandon its mobile ticketing payment scheme, known as Touch&Travel, due to low adoption and the continuing use of paper tickets. The company introduced mobile ticketing back in 2006 and introduced NFC technology into the system in 2007, but the offering has failed to win over a significant number of consumers.

Bitcoin Daily: Alabama Works On ‘Operation Cryptosweep,’ Venezuelan Banks Ordered To Accept ‘Petro’ Crypto


In other news, the Alabama Securities Commission (ASC) is working on “Operation Cryptosweep” with the North American Securities Administrators Association, reported. In addition, the operation has caused 47 enforcement actions to come to pass since it started in May. Dash is teaming up with Kripto Mobile to spread its payment system through Latin America, Cryptovest reported.

Former Lloyds exec to head Swift U.K. operations

Payments Source

Ireland and Nordics operations. A former Lloyds Banking Group executive is joining financial messaging service provider Swift as its head of U.K., Cross border payments SWIFT Lloyds Banking Group U.K.

Free Up Operational Time With Simpler Payment Processes


Jon Burrell, vice president of operations at international payments platform   Currencycloud ,  takes PYMNTS through the ways firms in B2B and beyond can keep customers happy and the coffers full — even when operating across borders, and all while the clock is ticking. That’s when operational streamlining through financial technology becomes key. Do this day in and day out, and you create operational inefficiencies that may eventually cripple a company.