Big Bank Stress Test Show Loan Losses Could Hit $560B-$700B
Big Bank Stress Test Show Loan Losses Could Hit $560B-$700B
June 25, 2020  |  Banking

The Federal Reserve Board indicated that financial institutions (FIs) can stay strong even as they weather turbulent economic conditions, as it unveiled the results of...

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Google Enables Businesses To Message Customers Via Maps, Search
Google Enables Businesses To Message Customers Via Maps, Search
June 25, 2020  |  Google

A recent survey found when it comes to communicating with a merchant, 75 percent of consumers prefer private messaging over traditional channels, according to Conversocial,...

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GAO: Lack Of Controls Could Cause Double Payments With PPP Loans, Unemployment Benefits
GAO: Lack Of Controls Could Cause Double Payments With PPP Loans, Unemployment Benefits
June 25, 2020  |  Coronavirus

Federal agencies lack controls to ensure that Americans aren’t collecting unemployment while also getting paid by companies utilizing Paycheck Protection Program (PPP) loans, the U.S....

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Flywire Unveils Revamped Education Payments Platform
Flywire Unveils Revamped Education Payments Platform
June 25, 2020  |  Payment Methods

With universities and students across the world struggling with a cash crunch amid the pandemic, digital payments company Flywire announced in a press release that...

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Volcker Rule Revision Inspires Hope For Startups, But Also Stirs Debate
Volcker Rule Revision Inspires Hope For Startups, But Also Stirs Debate
June 25, 2020  |  Investments

The FDIC’s decision to ease the Volcker Rule could prove to be a boon for some startups, freeing up banks to invest tens of billions...

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Galileo Introduces Debit Card Aimed At Contract Worker Pay
Galileo Introduces Debit Card Aimed At Contract Worker Pay
June 25, 2020  |  Payment Methods

Galileo Financial Technologies, the digital payments platform provider for many of North America’s largest financial technology companies, has launched what it says is a faster and cheaper...

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UK’s Competition Regulator Digs Further Into StubHub-Viagogo Merger
UK’s Competition Regulator Digs Further Into StubHub-Viagogo Merger
June 25, 2020  |  ANTITRUST

Britain’s Competition and Markets Authority (CMA) is taking a closer look into how the possible $4 billion merger of StubHub and Viagogo will affect competition,...

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Boku, Japan’s LINE Pay Team To Power Up Mobile Sales
Boku, Japan’s LINE Pay Team To Power Up Mobile Sales
June 25, 2020  |  Mobile Payments

Mobile payments firm Boku plans to partner with Japan’s LINE Pay, a money transfer service, to allow the more than 37 million LINE Pay users...

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Today In Payments: Wirecard Files For Insolvency; New York To Ease Cryptocurrency Regulations
Today In Payments: Wirecard Files For Insolvency; New York To Ease Cryptocurrency Regulations
June 25, 2020  |  News

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. Plus, California seeks a court order to make...

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