News

Retail
rue21 Wins The Hearts Of Teens With Aptos
November 09, 2016

The largest fast-fashion growth retailer in the country is also the most innovative when it comes to customer engagement. Rue21, which uses the Aptos retail technology platform, has won the loyalty of its teenage customers, as well as a Gold Award for Customer Engagement. Retail...

Retail
Ballard Designs Expands Brick-And-Mortar Plans
November 09, 2016

Home décor cataloger and eStore Ballard Designs announced it will expand its brick-and-mortar prototype stores to four new locations in 2017, reported Chain Store Age. Three locations have already been chosen — Natick Mall in Natick, MA; Roosevelt Field in Garden City, NY; and South Park in...

Investments
Trump Wins, Markets Slide
November 09, 2016

Investors do not like surprises — and as Tuesday night gave way into Wednesday morning, the world markets got a heck of surprise: Donald Trump pulled off the biggest electoral upset since “Dewey Defeats Truman” and won the presidency of the United States. It was an...

Payment Methods
Thanks To Wells Fargo Scandal, Companies Overhaul Pay
November 09, 2016

In the wake of the fake account scandal at Wells Fargo, companies are rethinking how they compensate salespeople, reported The Wall Street Journal. According to a report, companies are trying to overhaul how they compensate salespeople in an effort to improve customer service and prevent the...

Ridesharing
Ridesharing Startup Karhoo Shuts Down
November 09, 2016

Karhoo, the startup that was aiming to take on Uber in the ridesharing app market, has shut down after burning through its capital. On the company’s website, Karhoo said it had to close the service and is looking at the next steps for its business. “Unfortunately,...

International
WhatsApp Pauses Data Sharing With Facebook In UK, EU
November 09, 2016

This past summer, WhatsApp, the messaging service owned by Facebook, opted to share data on its users with Facebook, but that data sharing is now paused, at least in Europe. According to TechCrunch, Facebook has agreed to pause the data sharing between WhatsApp and Facebook...

International
ZhongAn Creates ZhongAn Information And Technology Services Co.
November 09, 2016

ZhongAn Online Property & Casualty Insurance Co., the first online insurance company in China, announced last week it has created a technology company dubbed ZhongAn Information and Technology Services Co. The new company will explore technology innovation focusing on artificial intelligence, blockchain and cloud computing, ZhongAn...

Security & Fraud
Tesco Bank Hack Could Happen To Other Small Banks
November 09, 2016

The theft of money from thousands of Tesco online banking accounts is prompting British cybersecurity experts investigating the crime to warn that other small banks may be at risk for a cyberattack. According to a report by Reuters, the new government agency in the U.K., the National...

Payment Methods
Walgreens Sues Theranos For $140 Million In Damages
November 09, 2016

Walgreens is suing former lab testing partner Theranos for $140 million in damages, the amount Walgreens initially invested in the health technology company, alleging breach of contract. Walgreens alleges Theranos misled the company about its technology and operations when the two firms initially made the...