Newtek Reports 63% of Independent Business Owners Are Also Unaware of EMV Chip Card Technology
Newtek Business Services with a portfolio of over 100,000 business accounts, announced today the findings of its SB Authority Market Sentiment Survey, a monthly window into the concerns of independent business owners. Based on a poll of over 1,400 respondents, one of the key findings from the February survey is that even after the recent hackings at major companies such as Target and Neiman Marcus, 67% of business owners are not concerned about credit card security at their business. Additionally, 63% of business owners are unaware of EMV Chip Card Technology.
EMV is a global standard for credit and debit payment cards based on chip card technology. Payment chip cards contain an embedded microprocessor, a type of small computer that provides strong security features and other capabilities not possible with traditional magnetic stripe cards.
The full February 2014 results showed the following:
Based on the recent credit card
security breaches at Target and
Neiman Marcus are you concerned
about credit card security at your
Newtek Business Services is sponsoring the Imus Show on Fox Business News Channel – FBN (not Fox News Channel – FNC) tomorrow, Friday, February 28, 2014, from 6:30AM -6:45AM ET – at which time, Newtek CEO Barry Sloane will be interviewed. Please tune in at 6:30 AM ET to listen.
Mobile mobile messaging service WhatsApp functions as yet another social network; one where users can send messages either to one or many recipients simultaneously. The may even share their locations if they so choose.
The users are exactly the kind that Facebook is seeking. They’re active, uploading more photos per day than even Facebook users. What’s more, WhatsApp boasts 70 percent daily user activity (that’s 8 percent better than Facebook!)
Newtek, The Small Business Authority®, Releases the December 2013 SB Authority Index
Newtek announced today the release of the SB Authority Index of small business indicators for December 2013 reaching 124.46 points. The Russell Microcap Index, Newtek Merchant Processing, and approved SBA lending volumes led the increase. The SB Authority Index is up 0.80% from November 2013. On a year-over-year comparison, the SB Authority Index is up 7.35%.
Vinny Troia has the skills most hackers would be envious of. What he doesn’t have is the lack of morality. That being said, his skill set is helpful in determining the “hows” that surface once data breaches are exposed.
Most everybody has heard of the Black Friday breach at uber-Company Target that apparently affected 40 million shoppers. Not everybody knows that the Company is now saying the number could be as great as 110 million.
On Friday, January 10, 2014, Newtek announced the release of the SB Authority Index of small business indicators for November 2013 reaching 123.48 points. Retail sales, the Russell Microcap Index, and the ADP employment report led the increase. The SB Authority Index is up 0.78% from October 2013. On a year-over-year comparison, the SB Authority Index is up 6.85%.
Barry Sloane, Chairman, President and CEO of The Small Business Authority® commented, “As the year comes to a close, the same old story holds true. As the Fed’s easy money policy has driven large gains in consumer spending, as well as robust performance leading the stock market. And as the new Fed chairman starts to unwind quantitative easing (“QE”) bond purchases, it will be important to see if the small business economy is affected.”
A total of 4.6 million Snapchat (a popular social app) users’ personal information including phone numbers were compromised by hackers yesterday. (Happy New Year Snapchat!) What is even more unsettling was that the cybercriminals warned Snapchat leadership days before the breach. Oops.
The app has gained unbridled popularity as it affords users the ability to send photos that last only a few seconds, before “self-destructing.” Not surprisingly, it has seen most growth among adolescents – a group that has come to relish it’s “extra security.”
Newtek CEO Barry Sloane appeared on Fox News Live, earlier today, to discuss the impact of ObamaCare on small businesses. Mr. Sloane communicated with host Jo Ling Kent, that the conundrum that has become health insurance may best be resolved by taking the market out of the hands of both corporations and government alike, instead allowing the responsibility and decisions to fall upon the individual as a consumer. Click here to watch the video.
While Twitter going public is probably more substantial than mere “household news” in terms of the general public’s awareness, its out-of-the-box value is equally worthy of mention. Before it rolled out, it was estimated (by the Company itself) to be worth about $26 per share. It opened closer to $45 and closed at just about $50 after its first day of trading.
Noteworthy, to say the least.
Surely, IPOs are designed to drive prices beyond “actual value” on the first trading day. That is to be expected. But could there be a connection to Facebook’s current position around $50 that may serve to stabilize Twitter’s market value? (The two are viewed similarly by the public, even if not by themselves.)
The Small Business Authority brand has been established to provide real-time state-of-the-art content and business services in order to become the definitive destination for small business owners across the United States.
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