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Feb 8 Payments NEXT news: Phishing, data theft, 2019 retail predictions, new Starbucks competition, news roundup |
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This week’s Payments NEXT newsletter has an NRF prediction for 2019 retail sales growth of 4.4%, phishing attacks targeting payments information and nearly half a billion US consumer records stolen in 2018. There’s also a profile of a potential challenger for Starbucks called Luckin Coffee, 21 voice payments tools, and much more in the weekly payments news roundup to keep you ahead of payments industry developments.
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Nearly half billion US personal records stolen in 2018
There’s good news and bad news about identity theft in 2018 according to a new report from the Identity Theft Resource Center (ITRC). The good news is the number of US data breaches decreased from a 2017 all-time high of 1,632 breaches by 23% to 1,244 breaches. Unfortunately, the number of consumer records exposed containing sensitive personally identifiable information jumped 126% from 197,612,748 records exposed in 2017 to 446,515,334 records in 2018. Read more… |
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Will the cashless movement lose momentum?
Advocates of the move towards cashless payments are excited about its possibilities but there’s push back from critics who say it disenfranchises people without access to banking services. New Jersey lawmakers voted to ban cash-free stores and the order simply needs the governor’s signature to take effect. Philadelphia is the latest city planning to introduce regulations to ban businesses that do not accept cash from customers. Read more… |
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NRF: Retail sales this year could exceed $3.8T
The National Retail Federation on Wednesday forecast that retail sales during 2019 will rise "between 3.8 percent and 4.4 percent to more than $3.8 trillion despite threats from an ongoing trade war, the volatile stock market and the effects of the government shutdown." The group's preliminary estimates for retail sales last year is for growth of 4.6% over 2017 to $3.68 trillion, exceeding its previous forecast of at least 4.5%. Read more…
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| Feb 8 Global payments news roundup
This week’s payments news has an NRF prediction for 2019 retail sales growth of 4.4%. The Anti-Phishing Working Group says 38% of phishing attacks targeted payments information while the Identity Theft Resource Center reports nearly half a billion US consumer records were stolen in 2018. We’ve also got an update on cashless payments momentum, a potential challenger for Starbucks, mobile payments, voice payments and much more news to keep you current about the latest payments industry developments. Read more... |
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