NRF: FTC should move cautiously on mobile payments
Washington, D.C. — The National Retail Federation on Thursday urged the Federal Trade Commission to move cautiously in establishing regulations for mobile payments, and said any rules that are adopted should parallel those for the underlying form of payment and not be specific to the technology.
“Mobile technology and processes are just beginning to emerge and we won’t know which practices the public will like or what methods will provide new benefits until the technology begins to coalesce,” NRF senior VP and general counsel Mallory Duncan said. “The government should not impose regulations that would forestall yet-to-be-imagined advances and innovation in order to avoid potential ‘harm’ based largely on speculation.”
According to Duncan, some of the best innovations on the Internet today might have been suspect a generation ago but today “are benefits few consumers would want to live without.”
“Mobile might help retailers get to know their customers more like they knew their customers generations ago, and offer more personalized service,” he said, adding that federal officials need to address a number of issues including a definition of what constitutes a mobile payment.
Survey: 32% of retailers use social networks to research job candidates
Chicago — Survey results released Thursday by WorkInRetail.com found that about one-third (32%) of retail hiring managers use social networking sites to research job candidates.
The new survey from WorkInRetail.com – CareerBuilder’s job site for retail professionals, found that of the retail employers who do not research candidates on social media, 16% said their company prohibits the practice. Nine percent report they do not currently use social media to screen, but plan to start.
With regard to what they are looking for, retailers said they are using social media to evaluate candidates’ character and personality outside the confines of the traditional interview process. When asked why they use social networks to conduct background research, hiring managers stated the following:
- To see if the candidate presents himself/herself professionally: 57%
- See if the candidate is a good fit for the company culture: 39%
- Learn more about the candidate’s qualifications: 36%
- To see if the candidate is well-rounded: 29%
- Looking for reasons not to hire the candidate: 11%
“Retailers, for the most part, are able to get a sense of a job candidate’s personality through in-person interviews,” said Bill Meidell, director of WorkInRetail.com. “However, a significant number of employers are using social media to get an unfiltered look at their personality.”
Twenty-nine percent of retail hiring managers who currently research candidates via social media said they have found information that has caused them not to hire a candidate. That content ranges from evidence of inappropriate behavior to information that contradicted their listed qualifications.
Employers are primarily using Facebook (64%) and LinkedIn (34%) to research candidates; 11% use Twitter.
Report: Mexico’s federal watchdog to investigate Wal-Mart Mexico permits
Mexico City — A Wall Street Journal report on Thursday said that the Mexico’s Ministry of Public Functions – the country’s public-sector watchdog – will investigate new-store permits secured by Wal-Mart’s Mexico division, Wal-Mart de Mexico.
The agency is looking for misconduct on the part of federal government employees in granting construction and other permits, according to WSJ.
Parent company Wal-Mart Stores is conducting its own investigation into allegations that Walmex paid bribes to public officials in Mexico to speed new-store openings.
Should the Ministry of Public Functions find that irregular conduct occurred, the federal government will take action, said the report. If the ministry finds evidence that public employees at the local level accepted bribes or otherwise engaged in illicit activity, then it will turn that evidence over to the corresponding local authorities, the ministry said.
The ministry also said it plans to request information from U.S. authorities so as to better investigate the allegations.