Shopko Foundation names scholarship winners
The Shopko Foundation has announced the recipients of its Shopko Teammate and Family Scholarships for the 2014-2015 school year. The foundation awarded $75,000 in scholarships to 30 students in 9 states.
Since 2005, the Shopko Foundation has awarded scholarships totaling $450,000 through its Teammate and Family Scholarship Program, which annually awards post-secondary scholarships to Shopko employees and their dependent children. The $2,500 scholarships are awarded through a competitive process based on the student’s academic record, leadership, community activities, honors and goals. Recipients were determined by an independent selection committee made up of educators and administrators from Wisconsin colleges and universities.
"The Shopko Foundation is committed to promoting healthy lifestyles and educational opportunities for our neighbors in all the communities where we serve," said Peter McMahon, Shopko CEO. "We understand that, more than ever, education is the pathway to opportunity. It is our privilege to recognize these outstanding students and support them as they build the foundation for fulfilled and productive lives."
The following students were awarded the Shopko Foundation Teammate and Family Scholarships:
Shopko is owned by an affiliate of Sun Capital Partners, a leading private investment firm focused on leverage buyouts, equity, debt and other investments in market-leading companies.
Founded in 1962 and headquartered in Green Bay, Wisconsin, Shopko operates 321 stores in 21 states throughout the Midwest, Mountain, North Central and Pacific Northwest regions. Retail formats include 133 Shopko stores, 5 Shopko Express Rx stores, 6 Shopko Pharmacy locations, and 177 Shopko Hometown stores.
Survey: Six-in-10 Millennial women make product recommendations
Boston – Six-in-10 (59%) Millennial women make product recommendations to share highly positive or negative consumer experiences. However, according to a new survey of 1,100 American women without children born between 1979 and 1993 by Mom Central Consulting, 50% say that reading a bad review online about a business wouldn’t stop them from shopping/visiting.
In addition, when making technology purchases (computer, cellphone, tablet, etc), Millennials rely most on their friends advice (66%), more than their spouses/significant others advice (59%), or parents advice (37%) In-person word-of-mouth recommendations prove most influential in all purchasing categories for Millennials, especially: food/beverage (68%), vacations (67%) and household products (63%).
Flaw found in PayPal two-step authentication
San Jose, Calif. – Researchers at computer security firm Duo Security have discovered a flaw in the two-step method PayPal uses to authenticate account-holders. The flaw involves a temporary security key PayPal users can generate with a personal device as an additional step along with their password for account log-in.
Working properly, this second step requires a hacker or fraudster to have physical access to a user’s personal device, as well as access to their password. However, Duo researchers discovered that experienced computer programmers could exploit a vulnerability in how the PayPal mobile app communicates with the PayPal server to bypass the security key and gain account access using only a password. The flaw does not apply to desktop logins.
PayPal has issued a temporary patch for the problem and says users should not be at risk since it uses many other fraud prevention and detection methods beyond two-step authentication.