News

Retail
Jeff Bezos Explains Why Amazon Doesn’t Sell Apple TV
June 02, 2016

Eight months after kicking Google Chromecast and Apple TV off of its eCommerce platform, Amazon’s CEO gave an explanation for the company’s decision. “[W]hen we sell those devices, we want our player — our Prime Video player — to be on the device, and we want...

Security & Fraud
Fed’s Report Uncovers 50+ Data Breaches
June 02, 2016

Between 2011 and 2015, the U.S. Federal Reserve was targeted in more than 50 cyberattacks. From cybersecurity records gathered via a Freedom of Information Act request, Reuters reported that it remains unclear if the data breaches reported resulted in sensitive data being compromised or funds...

Security & Fraud
Congress Probes NY Fed’s Role In Bangladesh Heist
June 02, 2016

The list of investigations into the Bangladesh cyberheist — where $81 million was taken without a trace from the central bank’s account at the NY Fed — has added yet another interested party to the list. According to a letter seen by Reuters, the House of...

Investments
Saudi Arabia’s Investment Arm Parks $3.5B In Uber
June 02, 2016

Uber has garnered $3.5 billion from Saudi Arabia’s investment arm, known as the Public Investment Fund, according to The Wall Street Journal. The $3.5 billion tally remains part of a $5 billion investment from the Saudis and others, representing the largest single investment in a...

eBay On Who Spends More: NBA Or NHL Fans?
June 02, 2016

The eternal debate: Which sports fans spend the most to glorify and identify with their favorite teams? Which leagues? Ebay said on Wednesday (June 1) that the current sports season marks a bit of history as the San Francisco Bay area has teams in both the hockey...

International
Intel Plants FinTech Seeds In Tel Aviv
June 02, 2016

The U.S. has its Silicon Valley, and Israel has its own Silicon Wadi of concentrated tech know-how. However, while the former is established, the latter is still growing, in no small part thanks to the money Western companies keep pouring into it. The Jerusalem Post reports that...

Digital Banking
Mobile-Only Bank NUMBER26 Faces Customer Backlash
June 02, 2016

There are 26 letters in the alphabet, and it may be the case that mobile banking tech outfit NUMBER26 may be called a string of words that have four letters each. As reported on Wednesday (June 1), the German mobile bank, which Forbes stated wants...

International
Monitise Stock Drops On News It Won’t Sell Voucher Business
June 02, 2016

U.K. mobile payments company Monitise saw its shares fall on Tuesday (May 31) after it announced it will no longer look to sell its voucher business. Earlier this year, Monitise claimed it would sell its Markco Media division, its marketing content business that includes coupon...

B2B Payments
Reaching The Apex Of Data Via Scrubbing
June 02, 2016

Data is the buzzword of the tech world. But data without context is data that is useless. For the supply chain that is long, with many links in many locations, data is critical — spanning vendors of all stripes and sizes, monitoring existing relationships and...