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Verifone Inc. announced early Thursday it has been awarded a U. S. patent on technology that protects point-of-sale terminals and unattended payment devices from card skimming. The move comes as estimates indicate skimming losses grew 5% last year, reaching approximately $1 billion in the U.S. market. In skimming attacks, bad actors use hard-to-detect devices they…
Virtual cards are gaining a second job inside corporate finance departments. Beyond helping companies pay suppliers, the cards can give CFOs more control over timing, visibility and short-term funding. New PYMNTS Intelligence data show that the most efficient growth corporates are far more likely to recognize that broader role. The report, “The 24-Day Advantage: What Top-Performing…
Sen. Elizabeth Warren (D-Mass.) is leading 13 senators in investigating whether IRS CEO Frank Bisignano misled Congress about his agency’s staffing after the Trump administration gutted the IRS workforce. Processing Content Citing news reports, Warren said the IRS is scrambling to hire thousands of new workers after the agency fired or pushed out nearly 30,000…
Actors who’ve worked with Nolan say he leads by example. “He won’t ask anyone to do anything that he’s not a thousand percent willing to do himself, twice as hard,” Robert Downey Jr. said in a 2024 Vanity Fair interview with fellow “Oppenheimer” stars Cillian Murphy and Emily Blunt. Murphy said one of the most…
This Tracker gives CFOs and operations leaders a practical framework for quantifying what slow, check-dependent disbursement infrastructure actually costs. That cost shows up as capital tied up in transit, recipients who lose patience, staff hours spent on manual repair and customers that a faster competitor reaches first. Most finance leaders can quote what their disbursement…
Online investment platform AngelList has added agentic AI to its platform. According to a post on X by AngelList CEO, “you can now talk to your fund from Claude, ChatGPT, and Codex. Access financials, documents, capital calls, distributions, and more. To make this work seamlessly, we upgraded the vast majority of the 25,000+ Funds, SPVs…
Key Points Space Exploration Technologies (NASDAQ: SPCX), or SpaceX, launched its IPO in June with high hopes. While it benefited from an initial bump, its fortunes quickly reversed, and shares now sell below its original IPO price. A likely reason for the pullback was the valuation of the communication stock, which remains extremely elevated. This…
Amid rising financial crimes and fraud through digital means, the Ministry of Labour and Employment has urged all job seekers to remain vigilant against falling for such scams and not blindly trust people promising employment in exchange for money and financial benefits. The ministry has also categorically clarified that the National Career Service (NCS) portal…
Key insight: Popular is swapping CEOs for the second time in just over a year. It’s doing so following a strong quarter that saw higher net income and increased capital returns. Expert quote: “Leading this organization has been truly a privilege. I leave with enormous satisfaction.” —Javier Ferrer, CEO of Banco Popular Forward look: Chief…
Lisa Su, Advanced Micro Devices’ chief executive, doubled down on her support for open-source AI models on Thursday, reaffirming her commitment to the technology framework after a high-profile security breach this week involving OpenAI agents was ultimately resolved by an open-source model. “I think open source is a great thing,” the AMD CEO said, addressing…