With an ever-growing amount of data created on a daily basis, the cost of upkeep on risk and regulatory compliance likely isn’t the cheapest line item for businesses. The time and energy spent on ensuring outside vendors are safe takes away time that could be spent...
Crowdfunding and other popular platforms bring a new level of risk to micro-payments. WePay’s John Canfield, Vice President of Risk Management, tells PYMNTS’ Karen Webster about how the fight against fraud extends to the micro level, with an arsenal that includes social media.
Once upon a time, the factory represented a kind of romantically mechanized ideal of the American spirit to pull oneself up by one’s bootstraps. That may have been the case when Henry Ford was alive, but factory-made goods appear to have lost their shine to...
The dog days of summer are finally upon the retail world, and if department stores didn’t take the spring and early summer to make up for the slow sales of a warm winter, it might be too warm and muggy to do much about that now. With...
John Lennon and Paul McCartney sang that they got by with a little help from their friends, and when retailers are teetering on the brink of bankruptcy, the backing of a financially sound ally can mean the difference between restructuring and liquidation. At the rate...
The consumer loan used to be a safe bet for the big banks, until the financial quicksand of 2008 tore the rug out from under the rules as they were. Now, the pillars of Wall Street are bracing themselves for another long-awaited shockwave of the...
Among all the stresses and tough decisions that filing for Chapter 11 brings onto already struggling retailers, there are a few bright spots to the process. Namely, it’s pace — if retailers want to move things slowly enough to wait and see if an angel...
One bank’s risk control is another bank’s — and financial ecosystem’s — financial Armageddon. Reuters reported on Monday (July 18) that large banks seeking to stanch volatility may eye dialing back on risk exposure, but the implications to smaller firms operating in smaller countries could suffer. As...
Brick-and-mortar retail will forever remember the day that Nintendo released Pokémon GO, a mobile game that has caused millions of millennials to suddenly discover outside again. In all seriousness, Pokémon GO is in danger of overtaking Twitter in daily active users, and some retailers have...
