Payment

Most countries see growth in ATMs despite cashless payment growth

spike 17 hours ago

Payment cards and other cashless payment methods may well be reducing the demand for ATMs and cash, but many countries and sectors remain heavily cash dependent.

This is according to Global ATM Market and Forecasts to 2025, which notes that the number of ATMs worldwide fell slightly in 2019, contracting by 15,000 units or half a percentage point. China is the main driver of this decline, itself seeing a fall of 30,000 machines, as the country’s migration towards alternative payments erodes demand for cash.

Strip out China, however, and the picture changes, with 15,000 more ATMs in operation at

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Wirecard issuing issuing its 2019 annual results…again

spike 17 hours ago

Wirecard has been forced to postponed the publication of its 2019 annual results for the third time after its auditor EY acknowledged it needs more time to finish the work, the company said in a regulatory statement.

Wirecard issuing issuing its 2019 annual results…again

Wirecard has faced prolonged accusations of accounting manipulation raised by whistleblowers and reported by PCM. Its shares have fallen by more than a third since late April when it published the results of a company-commissioned special audit by KPMG, who could not verify that the “lion’s share” of Wirecard’s operating profits between 2016 and 2018 were

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New strain of trojan EventBot can clear out bank accounts

spike 5 days ago

Researchers are reported to be analysing EventBot, a new strain of Android malware that does not yet exist in the wild.

New strain of trojan EventBot

Cybereason researchers did this by observing submissions to virus detection site VirusTotal not from the general public, but from one source presumed to be cyber thieves testing whether the trojan would be spotted.

Its creators call the malware EventBot, though if it is released it could be disguised within other apps that claim to be games or utilities, or marketed as a component to other criminals. In the Cybereason report, the researchers describe

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The fastest growing and declining retail brands in 2020

spike 5 days ago

The COVID-19 outbreak has led to the savage disruption of retail the world over. Almost overnight, foot traffic in physical stores disappeared, and supply chains were left scrambled. Now at a major fork in the road, many retailers are forced to make tough decisions that were completely unforeseen.

While some global retail giants are laying down their weapons and filing for bankruptcy, others are innovating to save themselves, serving their customers in new and unexpected ways.

The graphic uses data from Kantar’s Brand Z report (which is an excellent insight) to illustrate the retailers that are growing through adversity, and

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