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Blank Checks And PO Manipulation Cost Businesses Millions

PYMNTS

The average payout sum for the third quarter of 2019 is an increase compared to the same period last year, with the professional services, public sector, healthcare, software services and retail industries most commonly targeted by such fraud schemes, according to Bank Info Security reports.

Fraud 101
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Global Blue Buy Shows Int’l Consumer Payments Allure for Ant Financial, Others

PYMNTS

To that end, Far Point Acquisition – which operates as a “blank check” company that focuses on financial technology deals – said on Thursday (Jan. The “blank check” concept focuses on pursuing mergers or acquisitions, and operating as “special purpose acquisition companies” to take those acquired firms public.

Payments 100
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What Might Stop the SPAC Train in its Tracks?

PYMNTS

The list seems unlikely to stop just as 2020 ends — meaning that, of course, the trend will continue into next year. 17), BarkBox, the subscription service that is focused on pet supplies, is merging with blank check form Northern Star Acquisition Corp. At this writing, and as reported in this space on Thursday (Dec.

Training 203
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Payments 2016: The Year Of An Incredible Shift In Retailer And Consumer Expectations

PYMNTS

Payments 2016: The Year Of An Incredible Shift In Retailer And Consumer Expectations. 2016 in payments was the year of an incredible shift in not only retailers’, but also consumers’ expectations and behavior regarding payments. Here is the response from Sean Dennis, cofounder and Chief Happiness Officer of Loyyal ….

Retail 129
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Putting The Smarts In Grocery Store Shopping Carts

PYMNTS

Grocery store operators — no matter if it is that small store on the corner or that sprawling location near the strip mall — are engaged in an existential fight that is certain to intensify in the coming years. Grocery Trends. That’s why [the] brick-and-mortar retailer isn’t going anywhere.

Retail 101
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Bill Ackman, Emil Michael And The Risk Factors Around SPACs

PYMNTS

To that end, as reported this week, DPCM Capital became only one of the latest special purpose acquisition companies (SPACs) to go public — continuing a “hot” trend that shows no signs of abating. On Wall Street, as they say — you pays your money, you takes your pick. But trust may be a sticky glue for investors.

Capital 159
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How 60+ Startups Are Disrupting Retail And Commercial Banking Around The World

CB Insights

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. One of the biggest challenges these companies face is that many operate without a bank charter or license. why profitability won’t come easy.

Retail 78