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Financial News
Pymnts
12h
349
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Trimble Acquires Flashtract to Expand Connected Construction Technology Ecosystem
- Trimble has acquired Flashtract to expand its connected construction technology ecosystem.
- Flashtract's technology streamlines payment and compliance processes between general contractors and subcontractors.
- The technology, now branded as Trimble Pay, will initially be integrated with Trimble Viewpoint Vista ERP solution for construction.
- Trimble Pay helps contractors improve compliance, reduce manual work, and streamline payment applications and billing documentation.
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Pymnts
12h
353
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Retail Shoppers Pay by Debit Card in Stores but by Credit Online
- When shopping in stores, retail customers prefer to pay with debit, but eCommerce is a different story.
- 44% of retail customers paid with debit cards for their most recent in-store purchases, while 28% used credit cards.
- For online retail purchases, 41% of consumers used credit cards, while 36% used debit cards.
- Credit cards are preferred for online purchases due to better fraud protection, rewards programs, and deferred payment options.
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Pymnts
12h
350
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QVC Owner Courts 50+ Women as Revenues Slip
- Qurate Retail, the parent company of QVC and HSN, reported a 4% decline in revenues year over year, contributing to an overall drop of 11%.
- Revenues for the company's lifestyle brands fell 11% due to soft housing starts and a shift to lower-ticket products.
- Consumers are becoming more selective in their spending, opting for lower price points and showing caution in large purchases.
- Qurate Retail's Q50 marketing initiative, targeting women over 50, is considered a bright spot as this demographic has high discretionary income but often feels overlooked by brands.
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Pymnts
12h
148
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ServiceNow and Microsoft to Integrate GenAI-Powered Assistants
- Enterprise AI platform ServiceNow and Microsoft have announced an expanded strategic alliance to combine their generative artificial intelligence (GenAI) capabilities and enhance employee choice and flexibility.
- The integration of ServiceNow’s Now Assist and Microsoft’s Copilot will allow employees to interact with both AI assistants to meet their needs wherever they are, regardless of the platform they are using.
- Now Assist will provide employees with responses to questions, recommend actions, and suggest next steps in a conversational manner, while Copilot for Microsoft 365 will enable employees to create documents based on ServiceNow prompts.
- This expanded partnership represents the next phase of innovation for ServiceNow and Microsoft and aims to provide enhanced levels of productivity and ease of execution for their customers.
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TechBullion
13h
162
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Bringing Brilliance To Life: The Story Of LED Light Experts
- LED Light Experts is a group of committed professionals who have revolutionized the lighting industry with their innovative LED lighting technology.
- The team has a passion for innovation and a vision for a more efficient and sustainable future.
- Their commitment to research and development has been instrumental in establishing new benchmarks for performance, durability, and efficiency in LED technology.
- LED lighting is energy-efficient and ecologically friendly, converting nearly all of the energy it needs into light.
- LED Light Experts are at the forefront of efforts to promote energy-efficient lighting solutions, which not only reduces energy costs but also helps combat climate change by lowering carbon emissions.
- The expert team provides unique and customized lighting solutions for both commercial and residential spaces.
- LED Light Experts offer extensive training programs and educational materials to equip professionals to make informed decisions during various projects.
- They provide comprehensive support services, affording the best assistance with after-sale support and maintenance services.
- LED Light Experts prioritize fair labor practices, diversity, and inclusion, and community engagement in their operations and maintain high moral standards to win the respect and confidence of stakeholders and customers alike.
- LED Light Experts are dedicated to corporate social responsibility and shaping the future of lighting technology through continuous research and development, sustainability, and a customer-centric approach.
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Pymnts
13h
329
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Nearly Half of High-Earning eCommerce Merchants Are Enhancing Security Features
- Nearly half of high-earning eCommerce merchants are enhancing security features.
- 82% of eCommerce merchants experienced cyberattacks or data breaches in the last year.
- 47% of surveyed eCommerce businesses lost revenue and customers due to fraud.
- 95% of eCommerce merchants are revamping their anti-fraud capabilities.
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Pymnts
13h
271
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Consumers’ Click-and-Mortar™ Expectations Shape Shopify’s Future
- Shopify sees offline segment as a key growth lever in 2024 and beyond, with a 32% year-over-year growth in gross merchandise value (GMV).
- Shopify plans to leverage its point-of-sale system to bring more digital capabilities into the in-store journey by migrating functionality from its core online business.
- Consumers prefer to visit physical stores during their shopping journey, with 33% preferring stores without digital aids, 25% preferring stores with digital technologies, and 14% preferring digital orders for on-site pickup.
- Shopify is integrating features like email capture at offline checkout to enable more effective marketing and personalized offers based on consumer preferences.
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Pymnts
13h
297
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This Week in Web3: Wells Notices, Crypto Payments and Usability
- Collpased crypto exchange FTX will repay its customers in full with interest, having pulled together assets worth between $14.5bn and $16.3bn enough to pay back 98% of its creditors.
- Crypto payments look to unlock scalability and real-world usability; Jack Dorsey, Block head and Square head, emphasised during his company’s earnings results call on Thursday that bitcoin would be that common protocol for the internet’s native currency.
- Coinbase CEO, Brian Armstrong, speaking to investors, said crypto payments were becoming a key opportunity area, driving utility in crypto through building a better payments experience on crypto rails.
- Swiss National Bank is conducting a pilot project using wholesale central bank digital currency (CBDC), allowing it to settle and tokenise bond issuances and secondary-market transactions.
- Vodafone is reportedly planning to integrate cryptocurrency wallets and blockchain-based payment solutions directly into mobile phone SIM cards.
- Crypto firms are subject to regulatory struggles, Bakkt is cutting staff after warning of the future of the company earlier this year; cryptocurrency startups are reportedly engaging in aggressive fundraising.
- Revolut has launched a stand-alone cryptocurrency exchange for professional crypto traders, named Revolut X; while crypto.com seeks to increase its sports sponsorships to reach a wider audience.
- Robinhood’s cryptocurrency business could become the latest target of regulatory action, with the trading platform receiving a Wells Notice from the SEC indicating enforcement action against the company.
- Nigeria is reportedly stepping up its cryptocurrency crackdown with a proposed ban on peer-to-peer (P2P) trading, the move being the latest effort by the West African country to place tighter controls on the crypto sector.
- Cryptocurrency firms bemoan the 2% tax levied by credit-card firms on every transaction in the economy, an issue they hope to tackle through innovation that streamlines the ease of use for crypto payments for both merchants and customers.
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TechBullion
13h
134
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How To Optimize Fleet Operations With Iot?
- Fleet operations can be optimized with IoT or Internet of Things.
- IoT can reduce financial expenses in fleet management.
- IoT implementation can optimize fuel effectiveness of automobiles.
- IoT-centric sensors can track user driving patterns to improve fuel efficiency.
- Pre-installed IoT system can monitor important elements of cars like engine performance, compression ratio, tire regularities, and ECU system.
- IoT-based technological radars and navigational systems can accurately predict the best routes.
- IoT can improve customer satisfaction by providing seamless query-solving solutions through a communication system.
- IoT can contribute a lot in fleet operations’ basic practices and enhance their efficiency.
- IoT can help fleet operations in reducing labor costs and delivering optimal results.
- IoT will become a mandatory part of future fleet management.
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Pymnts
13h
221
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MGM Hackers Reportedly Targeting Banks and Insurers
- A group called Scattered Spider, known for a previous massive hack on casinos, is now reportedly targeting banks and insurers.
- Since late last month, Scattered Spider has targeted 29 companies and successfully breached the systems of at least two insurers.
- The hackers used lookalike domains and fake login pages to deceive employees in the sector, utilizing phishing techniques.
- Scattered Spider was also responsible for the ransomware attack on MGM Resorts and a cyberattack on Clorox last year.
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The Fintech Times
14h
352
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What Disability Inclusion Means to Fintech: Personal Stories at the Project Nemo Launch Event
- Project Nemo has launched as a new disability inclusion initiative within the fintech section with the aim of accelerating disability inclusion journeys across the sector within the next 12 months.
- Joanne Dewar, former payments CEO at GPS, is leading the team in advocating for disability inclusion within the sector.
- At the Project Nemo launch event held at Barclays Rise, a full house of supporters from banks, trade bodies, consultancies and even an MP were present.
- Championing accessibility, Dewar described herself for anyone with visual impairments, and stood in front of a Google Meet presentation that captioned her words as she spoke them.
- The evening consisted of sharing personal stories and experiences, championing accessibility, all aimed at making real change in the world for disability inclusion within fintech.
- Shani Dhanda, disability activist and voted Britain’s most influential person with a disability in 2023, took to the mic to remind everyone of the importance of having these conversations.
- The event discussed expanding the talent pool, different perspectives and even increased revenue as bonus points to consider the disability community when thinking about operations as a fintech company.
- Chloe Smith, MP for Norwich North, gave a national context to the project, and how it can go beyond just the fintech world and recruit organisations everywhere.
- Project Nemo seeks to draw the expertise that exists out there and bring those people into the room of the fintech community, to spark those conversations.
- The appetite for change is palpable, and it’s clear that the major players in the fintech industry feel the same and want to get on board.
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TechBullion
14h
21
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Matthew Larson: How Matt put his Business on Autopilot with Virtual Assistants
- Matthew Larson, a college dropout from the Quad Cities, became a millionaire in real estate and created a multi-million dollar virtual assistant company called Rapid Assistants.
- After experiencing the impact of Covid-19, Larson realized the importance of virtual assistant services and started positioning them in various roles within his company.
- He trained a virtual assistant for sales, which proved to be successful in securing 22 real estate contracts within the first 30 days.
- Rapid Assistants helps real estate investors put their business on autopilot by outsourcing daily tasks, allowing investors to focus on their unique abilities.
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Intelalley
14h
189
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Grayscale CEO “Optimistic” on Spot Ethereum ETF
- Michael Sonnenshein, CEO of Grayscale Investments, remains optimistic that the SEC will approve spot Ethereum exchange-traded funds.
- Grayscale filed for to convert its Grayscale Ethereum Trust, which is already an SEC reporting company into a spot ETF.
- Last year the asset manager won a lawsuit against the SEC in its challenge to deny approval of the conversion of the Grayscale Bitcoin Trust into an ETF.
- In a similar fashion, the SEC has approved Ethereum futures ETFs.
- Grayscale decided to focus on its spot product which is core to their pioneering access to spot exposure for investors.
- In January this year the SEC approved the listing and trading of 10 spot bitcoin ETFs and also approved the conversion of the Grayscale Bitcoin Trust into an ETF.
- Grayscale's spot bitcoin ETF had $28bn of assets when it came to market after converting from the trust.
- Outflows may be related to Grayscale maintaining a 1.5% fee for its spot bitcoin ETF, while competitors have much lower fees of around 0.3%.
- Grayscale filed with the SEC for a new spot bitcoin ETF, the Grayscale Bitcoin Mini Trust, which Sonnenshein said would come to market with an “industry-leading low cost” fee.
- In October last year the asset manager launched GrayscaleCrypto Sectors, a framework designed to organize the crypto asset class.
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TechBullion
14h
189
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The Noesis F10 Pro 2-in-1 Robot Vacuum with Auto-Changing Disposable Mop Pads is $200 Off
- Noesis is offering a $200 discount on its Noesis F10 Pro 2-in-1 robot vacuum and mop during National Pet Month.
- The Noesis F10 Pro features auto-changing disposable mop pads and an anti-tangle brush for pet hair.
- Unlike other high-end robot vacuums, the F10 Pro uses disposable mop pads that are easily replaced.
- The vacuum has a suction power of 5,100 Pa, a 2.5L dust bag, and offers smart features through a companion app.
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TechBullion
14h
240
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Cash Out Your $NOT with Tezro: Your Gateway to Real-World Value
- Tezro is now the platform for selling $Notcoins and turning them into real-world value.
- Tezro offers a user-friendly interface for easy selling of $Notcoins.
- Head over to Tezro to start selling your $Notcoins with ease.
- Tezro is a leading platform for seamless cryptocurrency transactions.
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