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What are Major Retailers and Banks Doing to Prevent Fraud?

While the opportunities afforded to businesses from digital technology are huge and have created new markets for many firms, emerging and developing technology has also brought about some challenges and problems. Fraud is a huge concern for retailers and banks these days, and such organizations have to work hard to remain up to date with the fraudsters and criminals that threaten their work. One of the worrying aspects of digital fraud is that it covers so many different areas of business engagement and interaction. In March 2017, a report issued by The&Partnership suggested that firms would lose over $16 billion in advertising fraud (sometimes known as click fraud) alone. That is just one small component of digital engagement and interaction, which means that the overall sums of money lost by firms due to the increased number of ways that digital fraudsters and hackers can impact on their business. In addition to advertising or click fraud, other types of digital fraud that companies have to be aware of include: Online retail fraud Smishing, vishing and phishing Spam emails Malware Proxy servers and botnets Of course, while the loss of money can be highly damaging for a company, for many, the loss ...

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Pros and Cons of Store Loyalty Cards

store loyalty cards

How many store loyalty cards do you carry around in your wallet or purse at any given time? According to the 2016 Bond Loyalty Report, the average number per person is 13.4. But, only half of them are actively being used. Personally, I too carry a few different store loyalty cards in my wallet. Over the years, however, I have learned to use them in moderation in order to keep my budget in line and expenses down. Although it seems like store loyalty cards can be a good way to save money and earn special perks, they do have some cons too. Here are the pros and cons of using store loyalty cards. Pros: 1. Save Money Many people believe that store loyalty cards save them a lot of money. I think that can be true in some cases. For example, if a product you are going to buy anyway from a certain store will be cheaper if you start using their loyalty program, by all means sign up. In addition, if you have the room to store extra non-perishable items and can buy them at a significant discount through the use of a store loyalty card it might be ...

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Should You Hire a House Sitter When You Travel?

Should You Hire a House Sitter When You Travel?

When you plan to travel and stay away for several days, or even several weeks at a time, there are a lot of small details that need to be ironed out before you go. For example, you might want to have the post office hold your mail. Or you might need to call the newspaper, if you still take one, and have them hold it while you are gone. Then, there may be lawns to water, as well as plants both inside and out that need to be cared for. If you have pets, they will need to be boarded or taken with you. That’s a lot of tasks that have to be done before you can leave and you haven’t even packed yet! Wouldn’t it be wonderful if you had a house sitter to take care of all of that for you while you were gone? But should you hire a house sitter when you travel? Here are a few things to consider.  1. Cost You can subscribe to a variety of house sitting websites from anywhere between $0 to 100 per year. Once you divide the cost by the number of days you are traveling you can see ...

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5 Tools That Will Motivate You to Save More

5 Tools That Will Motivate You to Save More

Today we have a guest post for you from fellow blogger, Anum Yoon. Enjoy! There are tons of online tools and apps available to make all aspects of your life easier. With that the case, why is it still so hard to save money? It takes discipline to effectively save money, but let’s face it — not everyone is up for the challenge without a bit of prodding. Luckily, there are plenty of tools available that can help motivate you to save more money. Here are five. Level Money Level Money describes itself as a “financial GPS” app because it helps you navigate your financial situation, so you spend smartly. The app helps you plan ahead by accounting for regular essentials such as rent and other bills, as well as a goal for savings. It calls the money that’s left over your “spendable,” which is the cash you have on hand that you can spend comfortably without cutting into any of your essential piles. The app tracks and visualizes a variety of spending types to give you an idea where your money is going. If the bar on your “eating out” tracker is too big, you know it’s probably time ...

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Should You Get Your Family Involved in Your Business?

Should You Get Your Family Involved in Your Business? family business

When you ponder situations where people have a family business, you might automatically picture farms. Or, maybe you picture small shops that have been in the family for generations in a large city such as New York. Likely the reason your thoughts travel to these scenarios is due, at least in part, to what you have seen on TV. But reality can be very different from what is portrayed on television. Although I happen to come from a family farm, not every family business is run by parents who hire their kids to help. Some family businesses are owned by a Grandparent, aunt, uncle, or even a child who has hired a parent. But when it comes to business and family becoming mixed, things can get weird. We all know that money and family can create tension, stress, or hard feelings, and the same can happen with a family business. So, before you decide to get your family involved in your business, make sure you consider all the pros and cons of paying your family (or kids) to help in you business. Pros of Paying Family for Helping Your Business: Tax Benefits Of course, some people who hire their children ...

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