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Like Target, Home Depot knows all too well that the true cost of a payments data breach won ;t be known until long after the dust from the cyberattack settles.While Home Depot <a href=https://www.stanleycup.com.de>stanley deutschland</a> earnings are on the mend, as the retailer posted a better than expected first quarter earnings, the lingering expenses from the breach will likely聽be a sore spot for the retailer. In Q1 alone, Home Depot shelled out $7 million in breach-related expenses, the company said during a Tuesday May 19 first- quarter earnings call. That figure, however, is just a sliver of the breach bucket figure so far, as Home Depot announced in the company fourth-quarter 2014 earnings that it聽had聽spent roughly $33 million for data breach costs. But that was just 2014 figures, and 2015 should bring more breach-related expenses as more suits get filed against the retailer.Some estimates suggest that Home Depot has spent somewhere above $50 million to pay back the costs associated with the attack that impacted 56 million payment cards. But the retailer did not provide any forecast about just how widespread the breach scope could reach.Still, outside of the breach talk that is slowly dialing down,聽the retailer posted a positive earnings report as it hit a 6.1 percent sales increase, year over year, to聽$20.9 billion.We had a stronger than expected start to the year as we <a href=https://www.stanleycups.us>stanley website</a> experienced a more normal spring across much of the country and continued recovery <a href=https://www.cups-stanley.fr>stanley quencher</a> of the U.S. housing market, Craig Menear
More firms have shopped online for goods and services amid pa <a href=https://www.cup-stanley.fr>stanley france</a> ndemic-imposed business constraints. In fact, 62% of business-to-business B2B sellers said their eCommerce sales grew by at least 25% during the first year of the pandemic, as reported in the Next-Gen Digital Payments Report, a PYMNTS and Transcard collaboration.Get the report: Next-Gen Digital Payments <a href=https://www.cups-stanley-cups.ca>stanley cup</a> ReportThese corporate buyers want seamless purchasing experiences, so companies need to ensure that they have appealing checkout experiences to help them keep business clients satisfied. Many buyers also no longer want to send paper checks or wait to receive mailed invoices, which could create opportunities for vendors to offer clients embedded payments on their websites or sell via B2B eCommerce marketplaces. There is certainly a trend in going from paper to electronic payments an <a href=https://www.stanleycups.co.nz>stanley nz</a> d switching from batch processing to real-time processing, Transcard CEO Greg Bloh told PYMNTS.Delivering Straightforward, Streamlined TransactionsThis shift represents a significant change for vendors that have been employing manual, paper-based transactions for years. Traditional procurement flows in which corporate buyers place orders with suppliers, wait for invoices in the mail and use paper checks or online payment portals to finish their transactions can seem burdensome and overly complex 鈥?especially for companies that started exploring digital purchasing options during the pandemic.Corporate clients making purchases from B2B ven Vcid Citi Updates eBill Payment Platform with Account Authentication, Instant Payments
Like Target, Home Depot knows all too well that the true cost of a payments data breach won ;t be known until long after the dust from the cyberattack settles.While Home Depot <a href=https://www.stanleycup.com.de>stanley deutschland</a> earnings are on the mend, as the retailer posted a better than expected first quarter earnings, the lingering expenses from the breach will likely聽be a sore spot for the retailer. In Q1 alone, Home Depot shelled out $7 million in breach-related expenses, the company said during a Tuesday May 19 first- quarter earnings call. That figure, however, is just a sliver of the breach bucket figure so far, as Home Depot announced in the company fourth-quarter 2014 earnings that it聽had聽spent roughly $33 million for data breach costs. But that was just 2014 figures, and 2015 should bring more breach-related expenses as more suits get filed against the retailer.Some estimates suggest that Home Depot has spent somewhere above $50 million to pay back the costs associated with the attack that impacted 56 million payment cards. But the retailer did not provide any forecast about just how widespread the breach scope could reach.Still, outside of the breach talk that is slowly dialing down,聽the retailer posted a positive earnings report as it hit a 6.1 percent sales increase, year over year, to聽$20.9 billion.We had a stronger than expected start to the year as we <a href=https://www.stanleycups.us>stanley website</a> experienced a more normal spring across much of the country and continued recovery <a href=https://www.cups-stanley.fr>stanley quencher</a> of the U.S. housing market, Craig Menear
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