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Breaking Industry News – Friday, June 21, 2019

Target POS outage sparks interest in data protection

Consumers, retailers and service providers were stunned when two nationwide POS outages disrupted Father's Day weekend sales at Target Corp. Target CEO Brian Cornell attempted to minimize the damages in a June 19, 2019, interview with CNBC news anchor Becky Quick, stating, "Within a couple of hours, our teams were able to identify the root cause and push the fix to our stores and get us back up and running." However, this does not mean Target won't take a financial hit from the outages, which occurred on June 15 and 16.

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Spotlight Innovators

The Green SheetOnline Edition – Issue 19:06:02

Cybercriminals scoring deeper, wider, faster

By Patti Murphy

Business email accounts are a burgeoning frontier for cybercriminals. And email's not the only lucrative target for today's sophisticated thieves, as demonstrated by a spate of attacks on POS systems and parties handling collections for major medical labs. Perhaps the most stunning recent development in cybercrime is the realization that blockchains – the ledgers that record cryptocurrency transactions, a technology considered to be extremely secure – are being hacked.

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The Green Sheet It’s Showtime!

Featured Shows

Merchant Sales Podcast Merchant Sales Podcast #47
Doing Right by Clients & Prospects

Contract transparency, pitching trials & check services. Learn how Jaron Rice, Founder & CEO of Magothy Payments, successfully lobbied for a new Maryland law requiring transparency in merchant contracts. Think Truth-in-Lending-style disclosures and caps on termination fees. Plus, James explains how agents can drive sales by pitching trials, and Patti sheds light on the value prop of check services.

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Cutter LLC

Company profile from GS190602

Expert portfolio acquisition and stewardship

David Daily, CEO of Cutter LLC, founded the company in 2006 with a primary focus of helping ISOs and merchant level salespeople (MLSs) leverage their residual income streams. At the time, he saw an increasing need for alternative financing resources for agents and ISOs seeking to build their businesses, the company stated.

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