“If less than 1% of money launderers were caught before this crisis, imagine how pervasive financial crime will be after it. The risk of fraud almost always increases during times of large-scale emergency spending. By one government estimate, 16% of the $6.3 billion in relief distributed to victims of Hurricane Katrina and Hurrican Rita was…
Tag: COVID-19
Payoneer CEO: eCommerce’s Surge And Brick-And-Mortar’s ‘Vicious Cycle’
Payoneer found in its recent Q1 eCommerce Index, cross-border sellers in the U.S. and U.K. saw massive spikes in their year-over-year sales volumes across the first quarter, up 53 percent. 58.4 percent of consumers who bought cleaning supplies both before and after the pandemic have gone digital, as have 43 percent of consumers who bought…
Lockdown 3.0: Mobile phones, gas stoves, trimmers see spike in searches on Flipkart
“’With e-commerce being allowed for essential and non-essential products in orange and green zones in specific states, we are seeing an increase in searches for products in categories such as laptops, consumer electronics (such as headphones), mobiles, air conditioners, coolers, t-shirts, and other essentials,’ Anil Goteti, Senior Vice President at Flipkart, said.” https://www.google.com/amp/s/retail.economictimes.indiatimes.com/amp/news/e-commerce/e-tailing/lockdown-3-0-mobile-phones-gas-stoves-trimmers-see-spike-in-searches-on-flipkart/75572379
Virtual Tellers And Workhorse ATMs: Banking’s New (Digital-First) Normal
“Smaller banks and credit unions, said Brown, are cementing the bonds that have been shaped with small business clients forged over decades. It’s no secret that the rocky start of the Small Business Administration’s PPP has shown the value that lies with the personal touch. 20 percent of PPP loans offered by these smaller FIs…
Yotpo Fast-Tracks Product Innovation for eCommerce, Showcasing SMS Marketing to Help Brands Drive Revenue and Success
During the month of April: The time consumers spend on their mobile phones has increased by 30%.Text messaging, across the board, has increased by 50%. Forty-nine percent of consumers say they prefer to be engaged by brands through SMS during these times, making it a top channel for consumers looking to stay connected. Over 35%…