PPP, SMBs And The Challenges Of KYC
PPP, SMBs And The Challenges Of KYC
October 16, 2020  |  Loans

The House Select Subcommittee on the Coronavirus Crisis found the U.S. Treasury Department encouraged banks to prioritize existing customers applying for PPP loans — allegedly...

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Connected Devices, Instant Payments, Digital Shift Top This Week’s News
Connected Devices, Instant Payments, Digital Shift Top This Week’s News
October 16, 2020  |  The Weekender

It was a busy week for commerce and payments, as consumers are harnessing connected devices for digital-first shopping and firms are looking to harness tools...

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UK Watchdog Hits British Airways With $25.8M Fine Over Data Breach
UK Watchdog Hits British Airways With $25.8M Fine Over Data Breach
October 16, 2020  |  Security & Fraud

British Airways (BA) must pay a $25.8 million fine for lacking the proper security measures that might have prevented a hacker in 2018 from exposing...

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This Week In Payments: Alternative Credit Ramps Up Ahead Of The Holidays; Revolut Reportedly Near Applying For US Banking License 
This Week In Payments: Alternative Credit Ramps Up Ahead Of The Holidays; Revolut Reportedly Near Applying For US...
October 16, 2020  |  News

It’s been another busy week in the world of payments and commerce, with the expansion of installment point of sale (POS) credit and digital banking....

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First Citizens, CIT Group Merger Will Create $100B Bank
First Citizens, CIT Group Merger Will Create $100B Bank
October 16, 2020  |  Partnerships / Acquisitions

An approximate $2.2 billion all-stock merger deal between First Citizens and CIT Group will result in the creation of the 19th biggest U.S. bank, with over...

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Today In Payments: Study Shows Americans’ Savings Drying Up; State AGs To Press Own Case Against Google
Today In Payments: Study Shows Americans’ Savings Drying Up; State AGs To Press Own Case...
October 16, 2020  |  News

In today’s top news, Americans are struggling as savings accounts run dry, and several states are preparing their own antitrust probe into Google. Plus, Amazon...

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Uber Brings $150M To SK Telecom Mobility Platform, Joint Venture In Korea
Uber Brings $150M To SK Telecom Mobility Platform, Joint Venture In Korea
October 16, 2020  |  Ridesharing

SK Telecom and Uber Technologies have entered into two business arrangements — one an agreement to collaborate and the other a joint venture — focusing...

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In Payments And Purchasing, Cash Is No Longer King
In Payments And Purchasing, Cash Is No Longer King
October 16, 2020  |  Payment Methods

The notion that “cash is king” when it comes to how we pay for things and like to be paid ourselves has outlived its time,...

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No Deal For Russia’s Yandex Merger With Tinkoff Group
No Deal For Russia’s Yandex Merger With Tinkoff Group
October 16, 2020  |  International

Russian search giant Yandex said in a statement on Friday (Oct. 16) that merger talks with TCS Group Holding (Tinkoff) have fallen apart.  Get the...

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