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Retailers Increasingly Turn To AI For Security And Efficiency

PYMNTS

Artificial intelligence (AI) is moving from cool concept toward everyday consumer reality, and signs of that innovation are increasingly appearing in the retail space. Take the issue of retail security as one example. Retail Trust and AI. Reducing network demands, the technology works even if cloud connection is lost.

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Promethium Subsidiary Receives First FINRA-Approved Digital Asset Custodianship

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PEC was approved as a special purpose broker-dealer (“SPBD”) for digital asset securities. The approval allows Promethium to custody digital asset securities on behalf of both retail and institutional clients. The significance of this is two-fold.

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Vitamin Retailer GNC Files ‘Prepackaged’ Chapter 11 Plan

PYMNTS

The retailer, along with Harbin Pharmaceutical Group Holding Co., and a sizable majority of supporting secured lenders, have come to a deal “in principle” for a sale of GNC’s business. Additionally, the retailer has secured roughly $130 million in further liquidity. At that time, improved bids can be brought forward.

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NCR Looks To Buy ATM Operator Cardtronics For $1.7 Billion

PYMNTS

Retail and hospitality technology firm NCR Corporation is looking to acquire ATM operator Cardtronics for $39 per share, or about $1.7 According to a filing with the Securities and Exchange Commission (SEC), Cardtronics CEO Ed West said selling the company will help it move beyond helping ATM users withdraw cash.

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Report: 91 Pct Of Retailers Aren’t PCI Compliant

PYMNTS

With retailers struggling to get compliant with the Payment Card Industry Data Security Standard , qualified security assessors are going to be in more demand and can offer tokenization as one way of achieving compliance.

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Securing Unattended Retail Payments

PYMNTS

Unattended retail will be a $275 billion-a-year industry in three years. Which Mike Keegan, CEO of Transaction Network Services , said can only spell trouble for consumer adoption unless consumers are convinced that interacting with them digitally is totally secure. Here are the three data points they dug into.

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Retail Rent Collections Rose To Nearly 70 Pct In Mid-July

PYMNTS

Commercial landlords were greeted with some good news in July as rent collections for retail properties increased by double digits compared to May and June, GlobeSt.com reported. A survey by Datex Property Solutions, the California-based real estate portfolio management company, revealed that retail rent collections were 68.8

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